Global Power Quality Equipment Market report from Global Insight Services is the single authoritative source of intelligence on Power Quality Equipment Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Power quality equipment is designed to improve the quality of the power supplied to electrical equipment. It can be used to correct problems with the power supply, such as voltage fluctuations, power outages, and harmonics. Power quality equipment can also be used to improve the efficiency of electrical equipment and to protect against power surges.
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Key Trends
There are several key trends in Power Quality Equipment technology.
First, there is a trend toward more sophisticated and accurate monitoring of power quality. This is being driven by the need for improved grid stability and the desire to avoid blackouts.
Second, there is a trend toward more reliable and efficient power quality equipment. This is being driven by the need for improved grid stability and the desire to avoid blackouts.
Third, there is a trend toward more environmentally friendly power quality equipment. This is being driven by the need to reduce greenhouse gas emissions and the desire to improve air quality. fourth, there is a trend toward more user-friendly power quality equipment.
Key Drivers
The key drivers of the Power Quality Equipment market include the increasing demand for uninterrupted power supply, the need for efficient power utilization, and the stringent government regulations regarding power quality. The increasing demand for uninterrupted power supply is due to the growing dependence of industries on electrical power. The need for efficient power utilization is driven by the need to reduce energy costs. The stringent government regulations regarding power quality are aimed at protecting the environment and human health from the harmful effects of electrical power.
Market Segments
The power quality equipment market is segmented by equipment, phase, end-use, and region. By equipment, the market is classified into surge arresters, surge protection devices, harmonic filters, and others. Based on phase, it is bifurcated into single-phase, and three-phase. On the basis of end-use, it is divided into residential, commercial, industries, utilities, and transportation. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global power quality equipment market includes players such as Eaton, ABB Inc, Siemens, Schneider Electric, General Electric, Toshiba, Emerson, Legrand, Honeywell, AMETEK PowerBar, and others.
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