Global Power Quality Equipment Market Information Report by Equipment, By Phase, By Application and By Region – Forecast To 2023
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Power Quality Equipment Market – Competitive Landscape
The market, categorized by the presence of numerous large & small players, seems to be fiercely competitive. Players of the market incorporate collaboration, acquisition, technology/product launch, partnership, and expansion. Some other key strategies adopted by the key players in the market are greater commercialization of their products, promotion initiatives through trade exhibitions, and increased collaboration.
Power Quality Equipment Market – Overview
Power Quality Equipment refers to the equipment utilized for regularizing the power to ensure the quality and evenly distribution of power (energy) providing a reliable flow of voltage within a defined range. Age old transmission and distribution infrastructures present the challenges of uneven distribution of electrical power which can further lead to power cut, short circuit & even can damage the domestic electrical appliances such as TV or mixer grinder etc. Besides, unreasonable loss of electrical power through leakages is a paramount concern worldwide.
Utilization of Power Quality Equipment ensuring power quality control, enable the electricity operators to manage the electricity transmission and distribution systems efficiently. Efficacy of these equipment for controlling the potential loss and damage is acting as the key driver propelling the market growth. Currently, the market is enjoying a huge demand globally.
Recognizing the kind of traction the market is garnering today demonstrating huge growth prospects all over, Market Research Future (MRFR) has published a study report recently foretelling that the already growing global Power Quality Equipment Market gaining further prominence by 2023 will post 5.5% of a CAGR during 2018 to 2023.
Other features that are fuelling the Market growth include renewable, distributed generation, and smart grids that are further required by new business models and regulatory frameworks. Power Quality Equipment are proving to be cost effective solutions establishing compatibility with the smart energy generation and management. The growing demand of reliable power generations and its distributions, regulatory requirements and energy efficiency demanding carbon emission reductions, are driving the market growth to the large extent. Additionally technical advancement making Power Quality Equipment widely adopted have escorted its market value to an unparalleled level.
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Study Objectives of Power quality equipment Market
• To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the global Power quality equipment Market
• To provide insights about factors affecting the market growth
• To analyse the global Power quality equipment market based on various tools such as Supply Chain Analysis, and Porter’s Five Force Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segments by equipment, phase, application and region
• To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
• To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Power quality equipment Market.
Worldwide Power Quality Equipment Market – Segment
The global Power Quality Equipment Market can be divided in to 4 key segments:-
By Equipment : Comprising UPS, Static VAR Compensator, Power Quality Meters, among others.
By Phase : Single Phase, Three Phase.
By Application : Telecommunications, Energy and Utilities, Automotive and Industrial, Electronics, and others.
By Regions : North America, Europe, APAC and Rest of the World.
Worldwide Power Quality Equipment Market – Geographical Analysis
The North America region is projected to lead the global power quality equipment market. Factors contributing to the market growth of region include; out dated/ long standing distribution and transmission setups, demanding new power quality equipment, coupled with the initiatives of US govt. to upgrade power station grids in view of encountering the concerns pertaining to the electricity loss through spill/leakage while distribution processes. Besides the heavy investments transpired by the telecom industry for up gradation of setups is driving the growth of the Power Quality Equipment Market in the region.
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Power Quality Equipment Market – Table of Contents
Table of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.2 Research Process
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
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4 Global Power quality equipment market, By Equipment
4.1 UPS
4.2 Static VAR compensator
4.3 Power quality meters
4.4 Others
To be Continue….,
About Market Research Future:
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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