$46.1 Billion Global Power Quality Equipment Market to 2026 - Impact of COVID-19 on the Market

According to the new market research report "Power Quality Equipment Market by Equipment (UPS, Harmonic Filters, Surge Protection Devices, Voltage Regulators, Static VAR compensators, Power Quality Meters), Phase (Single and Three Phase), End User, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Power Quality Equipment Market size will grow to USD 46.1 billion by 2026 (forecast year) from USD 32.4 billion in 2021 (estimated year), at a CAGR of 7.3% during the forecast period. Reducing overall carbon footprint from electrical devices by improving power quality and maximizing financial costs and energy savings are the key factors driving the growth of the Power Quality Equipment Market. The worldwide increase in adoption of smart grid technologies and the integration variable renewable energy with power grids are expected to offer profitable opportunities for the Power Quality Equipment Market during the forecast period.  

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The industrial and manufacturing segment is expected to be the largest Power Quality Equipment Market, by end user, during the forecast period.    

Based on end user, the Power Quality Equipment Market has been segmented into industrial and manufacturing, commercial, utilities, transportation, and residential. The industrial and manufacturing segment is projected to hold the largest market size of the Power Quality Equipment Market from 2021 to 2026. The growth of this segment is driven by rise in demand for uninterrupted power supply to machines used in manufacturing and process industries as any interruption or breakdown can result in significant losses due to the loss of production time. Utilities are the key consumer of power quality equipment owing to the fact that the sheer size of electrical networks operated by utilities is larger than the industrial and transportation electric infrastructures.

Browse in-depth TOC on "Power Quality Equipment Market"

202 – Tables
51 – Figures  
249 – Pages

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Asia Pacific likely to emerge as the fastest growing Power Quality Equipment Market, by region, during the forecast period.  

In this report, the Power Quality Equipment Market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, Middle East & Africa. Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia Pacific region has been segmented, by country, China, Japan, India, and the Rest of Asia Pacific (South Korea, Australia, Thailand, Vietnam, and Malaysia).  The Power Quality Equipment Market in Asia Pacific is dominated by China and India. The surging demand for electricity and the growing requirement to increase renewable power generation capacity encourage utilities in these countries to invest in transmission and distribution infrastructures. Asia Pacific is expected to invest USD 9.8 billion in developing smart grid infrastructures from 2018 to 2027. In addition, the development of smart grids in countries such as China, Japan, South Korea, and India is supported by regulations that either encourage or mandate their development. The Power Quality Equipment Market in China is projected to grow at the highest CAGR from 2021 to 2026.

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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.

Some of the key players are Siemens (Germany), ABB (Switzerland), Eaton (Ireland), Schneider Electric (France), and General Electric (US).  The leading players are adopting various strategies to increase their share in the Power Quality Equipment Market.

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About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Industrial Wastewater Treatment Service Market All Set to Witness Massive Growth during Forecast 2019-2024

The report "Industrial Wastewater Treatment Service Market by Service Type (Design, Installation, Operations, Maintenance), Treatment Method (Filtration, Disinfection, Desalination), End User (Power, Oil & Gas, Pulp & Paper), Region - Global Forecast to 2024", The global industrial wastewater treatment service market is projected to reach USD 28.0 billion by 2024 from an estimated USD 20.8 billion in 2019, at a CAGR of 6.1% during the forecast period. This growth can be attributed to factors such as growth in water intensive industries such as pulp & paper and textile in the developing regions. The dyeing process in the textile industry is a major water intensive process, and it has a massive water requirement. Similarly, the requirement for treating the wastewater generated is expected to rise massively with the stringent environmental regulations across several nations.

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The power generation segment is expected to be the largest industrial wastewater treatment service market, by end-user, during the forecast period.

The power generation segment is estimated to dominate the industrial wastewater treatment service market in 2019 and is projected to be the largest market during the forecast period. This is mainly because of a significant increase in the requirement of power generation, especially in developing regions such as Asia Pacific. For instance, countries such as China, India, Japan, and South Korea are ensuring that the power requirement of the people is addressed adequately through various schemes. The growing demand is causing an increase in the number of power generation units to cater to this demand, resulting in a rise in wastewater generation. Thus, there is a rising need for treating the wastewater generated from these power generation units.

The filtration segment is expected to be the fastest growing industrial wastewater treatment service market, by treatment method, during the forecast period.

The treatment method segment deals with the treatment methods and processes of the industrial wastewater treatment service market. Filtration is usually needed before sanitation treatments, to remove particles that can distribute sediment, pathogens, and algae. The filtration segment is expected to hold the largest market share during the forecast period.  The major types of filtration processes include chlorine filtration, Ultraviolet (UV) filtration, and Ozone filtration. Among these processes, UV filtration is a hugely cost intensive process, followed by the Ozone filtration process. These processes’ overall cost is more than that of processes such as disinfection and desalination. Thus, the filtration process is expected to dominate this segment due to the aforementioned factors. 

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Asia Pacific: The leading industrial wastewater treatment service market.

In this report, the industrial wastewater treatment service market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to dominate the global industrial wastewater treatment service market in 2019, owing to the growth in the industrial, manufacturing, textile, pulp & paper, and power generation industries in countries such as China, India, and Japan. These are rigorous water intensive industries and simultaneously eject a lot of industrial wastewater. Thus, a major scope of industrial wastewater exists in these regions.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the industrial wastewater treatment service market. Some of the key players are Veolia (France), SUEZ (France), Xylem (US), Thermax Group (India), Ecolab (US), Pentair (UK), Evoqua Water Technologies (US), WOG Group (US), SWA Water Holdings (Australia), Aries Chemical (US), Terrapure Environmental (Canada), and Golder Associates (Canada). The leading players are adopting various strategies to increase their share in the industrial wastewater treatment service market.

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Smart Ports Market by Technology (IoT, Blockchain, Process Automation, Artificial Intelligence (AI)), Elements (Terminal Automation, PCS, Smart Port Infrastructure, and Others), Throughput Capacity, Port Type, and Region - Global Forecast to 2024

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Gas-Insulated Substation Market 2018 New Report Size, Trends, Share, Growth Forecast By 2023

According to the new market research report "Gas-Insulated Substation Market by Voltage Type (Medium, High, and Extra High), Installation (Indoor and Outdoor), Output Power, End-User (Power Transmission Utility, Distribution Utility, and Generation Utility), and Region - Global Forecast to 2023", MarketsandMarkets: The gas-insulated substation market is projected to reach USD 29.5 billion by 2023 from USD 18.9 billion in 2018, at a CAGR of 9.2%.

The gas-insulated substation market is expected to register a CAGR of 9.3% from 2018 to 2023. The growth in this market is supported mainly by the growing renewable power generation, the increasing investments in the transmission & distribution infrastructure, the rising energy demand, and limitations of space availability in densely populated urban areas, and increasing government initiatives for improving the electricity access.

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The high voltage segment will continue to dominate the gas-insulated substation market, by voltage type, during the forecast period

The gas-insulated substation market is segmented, by voltage type, into medium, high, and extra high. The high voltage segment held the largest market share in 2018. This can be attributed to its reliability and protection for the grid infrastructure. High voltage gas-insulated substations are used widely for critical switchyard of large power generation plants. A majority of the gas-insulated substations connected to the high voltage transmission grid are of indoor types. The high voltage segment is also driven by the refurbishment of old power transmission infrastructure in the developed countries of Europe and North America.

The outdoor segment is growing at the fastest rate in the gas-insulated substation market

The gas-insulated substation market is segmented, by installation, into indoor and outdoor. The outdoor segment is expected to grow at the fastest rate during the forecast period. Outdoor gas-insulated substations provide reliable operations in high-voltage transmission and medium voltage and are preferred for transmission & distribution of electricity over a long distance. These gas-insulated substations are designed to be used in outdoor environments. The enclosure is constructed so that the apparatus can be protected from harsh environmental conditions, including possible contamination. Outdoor substations operate above 5 kV voltage range. Thus, with the increase in demand for electricity, that is, the increase in high load transmission is expected to drive the outdoor installation of gas-insulated substations.

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Asia Pacific will continue to dominate the gas-insulated substations market through 2023

The gas-insulated substation market has been analyzed with respect to six regions, namely, North America, Europe, South America, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to be the largest gas-insulated substation market from 2018 to 2023, followed by the Middle East & Africa.

Factors such as increasing power consumption, rising influx of renewable sources in the energy mix, government mandates on energy efficiency, renovation, modernization, and upgrade of aging hydropower plants driving the gas-insulated substation industry in Asia Pacific. The extending generation connections in Asia Pacific is another major driver for expanding investments in the transmission & distribution network in this region.

The gas-insulated substation market consists of a few leading players such as ABB (Switzerland), L&T (India), Siemens (Germany), Hitachi (Japan), Toshiba Corporation (Japan), and General Electric (US) because of their broader product portfolio along with crucial developments in the market. These top players have a wide distribution and sales networks across the globe. The other players in the market include Hyosung (South Korea), BHEL (India), TBEA, Co. Ltd. (China), El Sewedy Electric, Crompton Greaves (India), and Mitsubishi Electric Corporation (Japan).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com