Global Power Quality Equipment Market is accounted for $30.19 billion in 2020 and is expected to reach $61.50 billion by 2028 growing at a CAGR of 9.3% during the forecast period. Factors such as increase in the demand for power and increasing adoption of smart grid technologies are driving the growth of the market.
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By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the surging demand for electricity and the growing requirement to increase renewable power generation capacity.
Some of the key players profiled in the Power Quality Equipment Market include Toshiba, Socomec, Acumentrics, Emerson, Piller Power Systems, MTE, Leviton Manufacturing, Siemens, Infinite Electronics Duromax, Honeywell, General Electric, Legrand, Eaton, AMETEK Powervar, Schneider Electric, and ABB.
Equipment Types Covered in Power Quality Equipment Market
• Voltage Regulators
• Uninterruptable Power Supplies
• Synchronous Condensers
• Digital Static Transfer Switches,
• Power Quality Meters
• Surge Protection Devices
• Harmonic Filters
• Power Distribution Units
• Surge Arresters
• Power Conditioning Units
• Motor-Generator Set
• Static VAR Compensators
• Isolation Transformers
• Solid Oxide Fuel Cells
• DC Power Supply
Phases Covered:
• Single Phase
• Three Phase
End Users Covered:
• Transportation
• Residential
• IT & Telecommunications
• Industrial Manufacturing
• Energy & Utilities
• Commercial
• Automotive
• Electrical & Electronics
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