Power Quality Equipment Market Key Highlights:
- Market Size (2024): USD 41.50 Billion
- Projected Market Size (2034): USD 75.02 Billion
- CAGR (2024-2034): 6.1%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Power Quality Equipment Market Definition
The power quality equipment market involves the designing of systems and devices which are used to measure, monitor and protect the quality of electrical power. These equipment include voltage regulators, surge protectors and stabilizers which work on different aspects to prevent any potential damage to the electrical devices. Industrial growth is one of the major drivers that leads to the rising demand for reliable power supply in different industries.
The higher maintenance costs of this equipment can restrict its growth among the small and medium-sized companies which can hamper the growth of the power quality equipment market. However, the rising investments in developing smart power grids are anticipated to bring many business opportunities in the upcoming years.
Power Quality Equipment Market Segmentation:
By Equipment Type
- Dynamic Voltage Restorers (DVR)
- Capacitor Banks
- Inductive Reactors
- Surge Protection Devices
- Harmonic Filters
- Power Conditioning Value (USD Million) & Volume ('000 Units)s
- Power Distribution units
- Voltage Regulators
- Digital Static Transfer Switches
- Static VAR Compensators
- Solid Oxide Fuel Cells
- Isolation Transformers
By Phase
By End-Use
- Telecommunications
- Automotive & Industrial
- Electrical & Electronics
- Energy & Utilities
- Others
Power Quality Equipment Market Companies:
- ABB Ltd
- Schneider Electric
- Mitsubishi Electric Corporation
- Emerson Electric Co.
- Toshiba Corporation
- General Electric
- Siemens Energy AG
- Honeywell International Inc.
- Hitachi Energy Ltd
- Eaton Corporation PLC
- Nidec Industrial Solutions
- AMETEK Inc.
- Hubbell Incorporated
- Rockwell Automation
- Delta Electronics, Inc.
- Cordyne, Inc.
- Fuji Electric
- Unipower AB
- Bloom Energy
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