The report “Power Quality Equipment Market by Equipment (UPS, Harmonic
Filters, Surge Protection Devices, Power Conditioning Unit, Static VAR compensator,
and Power Quality Meters), Phase (Single and Three Phase), End-User, and Region
- Global Forecast to 2022", The
power quality equipment market is expected to grow from an estimated USD
29.74 Billion in 2017 to USD 40.85 Billion by 2022, registering a CAGR of
6.56%, from 2017 to 2022.
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The global market is set to witness a significant growth
due to the growing demand for protection systems for electronic devices,
non-uniform power quality and network reliability issues, rise in alternative
energy programs, and power quality standardization.
Browse and in-depth TOC on “Power Quality Equipment
Market”
71 – Tables
77 – Figures
187 – Pages
The industrial and
manufacturing segment is expected to hold the largest share of the power
quality equipment market, by end-user, during the forecast period
The industrial and manufacturing segment led the power
quality market in 2016, and is projected to dominate the market during the
forecast period. The Industry 4.0 initiative is being applied to vehicles and
electrical machinery in order to facilitate remote diagnostics, remote
maintenance, and remote data capture. Such initiatives have increased the need
for data centers, servers, and communication systems. With the increasing use
of electronic equipment, the need for protection systems for such critical
equipment has been increasing. This is driving the market for power quality
equipment in the industrial and manufacturing segment, which is expected to
create new revenue pockets for the power quality equipment market during the
forecast period.
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Solid oxide fuel cells to be
the fastest growing segment in the power quality equipment market
With respect to the equipment segment, solid oxide fuel
cells are expected to constitute the fastest growing market from 2017 to 2022.
These fuel cells generate electricity using a hard, ceramic compound of metal
as an electrolyte, like calcium or zirconium oxides. The generated electricity
can compensate for the dip in the quality of power flowing through the
electrical network. The generated electricity from these fuel cells can inject power
into the electrical circuit to maintain the power quality parameters when the
electrical load reduces in these circuits.
The target
audience of this report includes:
· Power quality equipment manufacturers, dealers,
and suppliers
· Consulting companies in the energy and power
sector
· Government and research organizations
· Investors and shareholders
· Environmental research institutes
· Process industries and power and energy
associations
· Manufacturing industry
· Energy efficiency consultants
North America: The leading
market for power quality equipment
In this report, the power quality equipment market has
been analyzed with respect to five regions, namely, North America,
Europe,
Asia-Pacific, South America, and the Middle East & Africa. The North
American market is expected to dominate the global power quality
equipment
market. The U.S. is investing in various protection systems for
urbanized
infrastructure development. The North American region has age old
T&D
infrastructure, due to which the region is more prone to power outages.
According to an estimate, approximately 6% of the total electricity
generated is
usually lost during transmission and distribution from the grid to the
consumer. The U.S. government is focusing on grid restructuring to
overcome
this issue. Multi-billion-dollar investments in data centers and urban
infrastructure for the telecom industry have paved a way for the demand
for
power quality equipment to grow phenomenally. The increasing demand from
the
public infrastructure along with new renewable power projects are
expected to
create growth opportunities for the power quality equipment market in
the
region.
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To enable an in-depth understanding of the competitive
landscape, the report includes the profiles of some of the top players in the power quality equipment market. These
players include ABB, Ltd. (Switzerland), Siemens AG (Germany), Schneider
Electric SE (France), Emerson Electric Company (U.S.), Eaton Corporation Plc
(Ireland), and General electric Company (U.S.). The leading players are trying
to make inroads in the markets in developed economies and are adopting various
strategies to increase their market shares.
Adjacent Markets –
Surge
Protection Devices Market by Type (Hard-Wired, Plug-In, and Line Cord),
Discharge Current (Below 10 kA, 10 kA–25 kA, and above 25 kA), End-User (Industrial,
Commercial, and Residential), and Region - Global Forecast to 2022
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
