Power Quality Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

Global Power Quality Equipment Market is expected to rise at a significant CAGR during the forecast period. Power quality equipment is equipment used for the regulation of power and for the provision of standard power quality. It helps ensure a steady supply of voltage within a given range. Power quality is discussed, usually based on many parameters. Standard parameters such as flicker, current, harmonics, voltage dips, power, voltage and transients are controlled by a power quality measurement device. According to a study published by the National Load Depatch Center (NLDC), hydropower generation increased by 30% to 465 million units per day in 2019. Hydel, solar and wind power generation accounted for a total of 831 million units, equal to 10 GW of power, and increased by almost 40%. This shows that the demand for electricity has grown over the years.

The key players operating in the global power quality equipment market are ABB, Ltd. (Switzerland), General Electric Company (US), Schneider Electric (France), Siemens AG (Germany), Emerson Electric Company (US), Eaton Corporation, Plc (Ireland), Active Power, Inc. (US), MTE Corporation (US), Smiths Group plc. (UK), and Toshiba Corporation (Japan).  In 2018, Schneider Electric announced the Power Logic ION9000 series, the world’s most advanced, most accurate power quality and energy metre. This recent addition to the Power Logic range of power and energy metres offers the most complete and creative power analysis approach for critical power applications.

Global Power Quality Equipment Market – Segmentation

By Equipment

• Surge Arresters
  • Surge Protection Devices
  • Harmonic Filters
  • Power Conditioning Units
  • Power Distribution Units
  • Uninterruptable Power Supply

By End-User

• Industrial & manufacturing
  • Commercial
  • Residential
  • Transportation
  • Utilities