HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: May 2017
Report Code: EP 5235

 

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The global power quality equipment market is valued at USD 29.74 Billion in 2017, and is expected to grow at a CAGR of 6.56%, from 2017 to 2022. 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 are the major factors driving the power quality equipment market.

The years considered for the study are as follows:

  • Base Year: 2016
  • Estimated Year: 2017
  • Projected Year: 2022
  • Forecast Period: 2017–2022

The base year considered for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global power quality equipment market by equipment, by end-user, by phase, and by region
  • To provide detailed information regarding the major factors influencing the growth of the power quality equipment market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the power quality equipment market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments such as contracts and agreements, expansions, new product developments, and mergers & acquisitions in the power quality equipment market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoover’s, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global power quality equipment market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

  • Study of annual revenue and market developments of major players providing power quality equipment
  • Analysis of major applications and demand for power quality equipment from end-users
  • Assessment of future trends and growth of end-users
  • Assessment of the power quality equipment market with respect to the type of equipment considered under power quality equipment used for different applications
  • Analysis of market trends in various regions and countries by studying the end-users of power quality equipment in the industrial & manufacturing, residential, utilities, transportation, and commercial applications.
  • Study of contracts and developments related to power quality equipment by key players across different regions
  • Finalization of the overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing power quality equipment across the globe

After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure given below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

Power Quality Equipment Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The ecosystem of the global power quality equipment market starts with the manufacturer of basic components, such as copper and aluminum. The manufactured parts are then assembled by the OEM to form variety of power quality equipment, which are then tested. This is followed by the distribution stage, following which, the product is provided to the end-users.

Power Quality Equipment Market

Target Audience:

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

Scope of the Report:

  • By  Equipment
    • Surge Arresters
    • Surge Protection Devices
    • Harmonic Filters
    • Power Conditioning Units
    • Power Distribution Units
    • Uninterruptable Power Supply
    • Synchronous Condenser
    • Voltage Regulator
    • Digital Static Transfer Switch
    • Static VAR Compensator
    • Solid Oxide Fuel Cells
    • Isolation Transformers
    • Power Quality Meters
  • By End-User
    • Industrial & manufacturing
    • Commercial
    • Residential
    • Transportation
    • Utilities
  • By Phase
    • Single Phase
    • Three Phase
  • By Region
    • Europe
    • North America
    • Asia-Pacific
    • Middle East & Africa
    • South America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region or country-specific analysis

Company Information

Analyses and profiling of additional market players (up to five)

Addition Market

Further market forecast for different power quality equipment at country level till 2022

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Power Quality Equipment: Regional Growth Rate (2017–2022)
    4.2 Power Quality Equipment Market, By End-User
    4.3 North American Power Quality Equipment Market

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Non-Uniform Power Quality and Network Reliability Issues
                    5.2.1.2 Rise in Alternative Energy Programs
                    5.2.1.3 Power Quality Standardization
           5.2.2 Restraints
                    5.2.2.1 High Capital Investment
                    5.2.2.2 Lack of Awareness
           5.2.3 Opportunities
                    5.2.3.1 Urbanization and Industrialization
                    5.2.3.2 Replacements/Upgradation of Aged Grid Infrastructure
           5.2.4 Challenges
                    5.2.4.1 Cost and Other Related Issues in the Power Quality Equipment Market

6 Power Quality Equipment Market, By Equipment (Page No. - 47)
    6.1 Introduction
    6.2 Surge Arresters
    6.3 Surge Protection Devices
    6.4 Static Var Compensator
    6.5 Synchronous Condenser
    6.6 Voltage Regulators
    6.7 Power Quality Meters
    6.8 Solid Oxide Fuel Cells
    6.9 Digital Static Transfer Switch
    6.10 Uninterruptable Power Supply
    6.11 Isolation Transformers
    6.12 Harmonic Filters
    6.13 Power Conditioning Units
    6.14 Power Distribution Units

7 Power Quality Equipment Market, By End-User (Page No. - 63)
    7.1 Introduction
    7.2 Industrial & Manufacturing
    7.3 Commercial
    7.4 Utilities
    7.5 Transportation
    7.6 Residential

8 Power Quality Equipment Market, By Phase (Page No. - 72)
    8.1 Introduction
    8.2 Single Phase Power Quality Equipment
    8.3 Three Phase Power Quality Equipment

9 Power Quality Equipment Market, By Region (Page No. - 77)
    9.1 Introduction
    9.2 North America
           9.2.1 By Equipment
           9.2.2 By End-User
           9.2.3 By Phase
           9.2.4 By Country
                    9.2.4.1 U.S.
                    9.2.4.2 Canada
                    9.2.4.3 Mexico
    9.3 Europe
           9.3.1 By Equipment
           9.3.2 By End-User
           9.3.3 By Phase
           9.3.4 By Country
                    9.3.4.1 U.K.
                    9.3.4.2 Germany
                    9.3.4.3 France
                    9.3.4.4 Italy
                    9.3.4.5 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 By Equipment
           9.4.2 By End-User
           9.4.3 By Phase
           9.4.4 By Country
                    9.4.4.1 China
                    9.4.4.2 India
                    9.4.4.3 Japan
                    9.4.4.4 Rest of Asia-Pacific
    9.5 South America
           9.5.1 By Equipment
           9.5.2 By End-User
           9.5.3 By Phase
           9.5.4 By Country
                    9.5.4.1 Brazil
                    9.5.4.2 Argentina
                    9.5.4.3 Venezuela
                    9.5.4.4 Rest of South America
    9.6 Middle East & Africa
           9.6.1 By Equipment
           9.6.2 By End-User
           9.6.3 By Phase
           9.6.4 By Country
                    9.6.4.1 Saudi Arabia
                    9.6.4.2 UAE
                    9.6.4.3 Kuwait
                    9.6.4.4 Qatar
                    9.6.4.5 South Africa
                    9.6.4.6 Rest of the Middle East & Africa

10 Competitive Landscape (Page No. - 114)
     10.1 Overview
     10.2 Market Ranking, Power Quality Equipment Market, 2016
     10.3 Vendor Dive Matrix
             10.3.1 Leaders
             10.3.2 Innovators
             10.3.3 Dynamic
             10.3.4 Emerging
     10.4 Competitive Situation & Trends

11 Company Profile (Page No. - 122)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     11.1 General Electric
     11.2 ABB, Ltd.
     11.3 Schneider Electric SE
     11.4 Emerson Electric Co.
     11.5 Eaton Corporation, PLC 
     11.6 Siemens AG
     11.7 Toshiba Corporation
     11.8 Legrand S.A.
     11.9 MTE Corporation
     11.10 Active Power, Inc.
     11.11 Acumentrics Corporation
     11.12 Leviton Manufacturing Company, Inc.
     11.13 Socomec
     11.14 Smiths Group
     11.15 Powervar

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 179)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (71 Tables)

Table 1 Global Power Quality Equipment Market Snapshot
Table 2 Power Conditioning Products for Power Quality Issues
Table 3 Effect of Power Quality Issues on Electrical Equipment
Table 4 List of Important Power Quality Standards
Table 5 Top Countries With Highest Growth Rate in 2015
Table 6 Global Power Quality Equipment Market Size, By Equipment, USD Million, 2015–2022
Table 7 Global Surge Arresters Market Size, By Region, USD Million, 2015–2022
Table 8 Global Surge Protection Devices Market Size, By Region, USD Million, 2015–2022
Table 9 Global Static Var Compensator Market Size, By Region, USD Million, 2015–2022
Table 10 Global Synchronous Condenser Market Size, By Region, USD Million, 2015–2022
Table 11 Global Voltage Regulator Market Size, By Region, USD Million, 2015–2022
Table 12 Global Power Quality Meters Market Size, By Region, USD Million, 2015–2022
Table 13 Global Solid Oxide Fuel Cells Market Size, By Region, USD Million, 2015–2022
Table 14 Global Digital Static Transfer Switch Market Size, By Region, USD Million, 2015–2022
Table 15 Global Uninterruptable Power Supply Market Size, By Region, USD Million, 2015–2022
Table 16 Global Isolation Transformers Market Size, By Region, USD Million, 2015–2022
Table 17 Global Harmonic Filters Market Size, By Region, USD Million, 2015–2022
Table 18 Global Power Conditioning Units Market Size, By Region, USD Million, 2015–2022
Table 19 Global Power Distribution Units Market Size, By Region, USD Million, 2015–2022
Table 20 Global Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 21 Industrial & Manufacturing: Power Quality Equipment Market Size, By Region, USD Million, 2015–2022
Table 22 Commercial: Power Quality Equipment Market Size, By Region, USD Million, 2015–2022
Table 23 Utilities: Power Quality Equipment Market Size, By Region, USD Million, 2015–2022
Table 24 Transportation: Power Quality Equipment Market Size, By Region, USD Million, 2015–2022
Table 25 Residential: Power Quality Equipment Market Size, By Region, USD Million, 2015–2022
Table 26 Global Power Quality Equipment Market Size, By Phase, USD Million, 2015–2022
Table 27 Single-Phase: Power Quality Equipment Market Size, By Region, USD Million, 2015–2022
Table 28 Three-Phase: Power Quality Equipment Market Size, By Region, USD Million, 2015–2022
Table 29 Global Power Quality Equipment Market Size, By Region, USD Million, 2015–2022
Table 30 North America: Power Quality Equipment Market Size, By Equipment, USD Million, 2015–2022
Table 31 North America: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 32 North America: Power Quality Equipment Market Size, By Phase, USD Million, 2015–2022
Table 33 North America: Power Quality Equipment Market Size, By Country, USD Million, 2015–2022
Table 34 U.S.: Power Quality Equipment Market, By End-User, USD Million, 2015–2022
Table 35 Canada: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 36 Mexico: Power Quality Equipment Market, By End-User, USD Million, 2015–2022
Table 37 Europe: Power Quality Equipment Market Size, By Equipment, USD Million, 2015–2022
Table 38 Europe: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 39 Europe: Power Quality Equipment Market Size, By Phase, USD Million, 2015–2022
Table 40 Europe: Power Quality Equipment Market Size, By Country, USD Million, 2015–2022
Table 41 U.K.: Power Quality Equipment Market, By End-User, USD Million, 2015–2022
Table 42 Germany: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 43 France: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 44 Italy: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 45 Rest of Europe: Power Quality Equipment Market, By End-User, USD Million, 2015–2022
Table 46 Asia-Pacific: Power Quality Equipment Market Size, By Equipment, USD Million, 2015–2022
Table 47 Asia-Pacific: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 48 Asia-Pacific: Power Quality Equipment Market Size, By Phase, USD Million, 2015–2022
Table 49 Asia-Pacific: Power Quality Equipment Market Size, By Country, USD Million, 2015–2022
Table 50 China: Power Quality Equipment Market, By End-User, USD Million, 2015–2022
Table 51 India: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 52 Japan: Power Quality Equipment Market, By End-User, USD Million, 2015–2022
Table 53 Rest of Asia-Pacific: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 54 South America: Power Quality Equipment Market Size, By Equipment, USD Million, 2015–2022
Table 55 South America: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 56 South America: Power Quality Equipment Market Size, By Phase, USD Million, 2015–2022
Table 57 South America: Power Quality Equipment Market, By Country, USD Million, 2015–2022
Table 58 Brazil: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 59 Argentina: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 60 Venezuela: Power Quality Equipment Market, By End-User, USD Million, 2015–2022
Table 61 Rest of South America: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 62 Middle East & Africa: Power Quality Equipment Market Size, By Equipment, USD Million, 2015–2022
Table 63 Middle East & Africa: Power Quality Equipment Market, By End-User, USD Million, 2015–2022
Table 64 Middle East & Africa: Power Quality Equipment Market, By Phase, USD Million, 2015–2022
Table 65 Middle East & Africa: Power Quality Equipment Market, By Country, USD Million, 2015–2022
Table 66 Saudi Arabia: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 67 UAE: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 68 Kuwait: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 69 Qatar: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 70 South Africa: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
Table 71 Rest of the Middle East & Africa: Power Quality Equipment Market Size, By End-User, USD Million, 2015–2022
 
 
List of Figures (77 Figures)
 
Figure 1 Market Segmentation: Power Quality Equipment Market
Figure 2 Countries Covered
Figure 3 Power Quality Equipment: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 North America Dominated the Power Quality Equipment Market in 2016
Figure 8 Power Quality Equipment Market Share, By Equipment, 2017 & 2022
Figure 9 Industrial & Manufacturing Segment Led the Power Quality Equipment Market, By End-User, in 2016
Figure 10 Power Quality Equipment Market, By End-User, 2017 & 2022
Figure 11 Attractive Market Opportunities in the Power Quality Equipment Market, 2017–2022
Figure 12 The Power Quality Equipment Market in India is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Industrial & Manufacturing Segment is Expected to Dominate the Power Quality Equipment Market By 2022
Figure 14 The Market in North America Accounted for the Largest Share in the Power Quality Equipment Market in 2016
Figure 15 Nonuniform Power Quality and Network Reliability Issues is Expected to Drive the Power Quality Equipment Market During the Forecast Period
Figure 16 Total Renewable Energy Capacity
Figure 17 Uninterruptable Power Supply is Expected to Dominate the Power Quality Equipment Market By 2022
Figure 18 Power Quality Equipment Competitive Analysis: By Equipment
Figure 19 North America Will Dominate the Uninterruptable Power Supply Market By 2022
Figure 20 The Commercial Segment is the Fastest Growing Segment in the Global Power Quality Equipment Market
Figure 21 Power Quality Equipment Market Competitive Analysis By End-User
Figure 22 The Market in Asia-Pacific is the Fastest Growing Market in the Industrial & Manufacturing Power Quality Equipment Market
Figure 23 Three-Phase Equipment Segment is Expected to Dominate the Power Quality Equipment Market By 2022
Figure 24 North America is Expected to Dominate the Power Quality Equipment Market By 2022
Figure 25 Regional Snapshot: Rapid Growth in Developing Markets Such as Asia-Pacific is Creating New Hot Spots
Figure 26 North America to Drive the Power Quality Equipment Market, By Region, 2017 & 2022 (USD Million)
Figure 27 An Overview of the North American Power Quality Equipment Market
Figure 28 Asia-Pacific Power Quality Equipment Market: Region Snapshot
Figure 29 Companies Adopted New Product & Technology Launches as A Key Growth Strategy, 2013–2017
Figure 30 Market Ranking, Power Quality Equipment Market, 2016
Figure 31 Power Quality Equipment Market: Vendor Dive Matrix
Figure 32 Product Offering Comparison
Figure 33 Business Strategy Comparison
Figure 34 Market Evaluation Framework, 2013–2017
Figure 35 Battle for Market Share (2013–2017): New Product Launches Was the Key Strategy Adopted By the Players in the Power Quality Equipment Market
Figure 36 General Electric: Company Snapshot
Figure 37 General Electric: Products Offering Scorecard
Figure 38 General Electric: Business Strategy Scorecard
Figure 39 ABB, Ltd.: Company Snapshot
Figure 40 ABB, Ltd.: Products Offering Scorecard
Figure 41 ABB, Ltd.: Business Strategy Scorecard
Figure 42 Schneider Electric SE: Company Snapshot
Figure 43 Schneider Electric: Products Offering Scorecard
Figure 44 Schneider Electric: Business Strategy Scorecard
Figure 45 Emerson Electric Co.: Company Snapshot
Figure 46 Emerson Electric Co.: Products Offering Scorecard
Figure 47 Emerson Electric Co.: Business Strategy Scorecard
Figure 48 Eaton Corporation, PLC: Company Snapshot
Figure 49 Eaton Corporation, PLC: Products Offering Scorecard
Figure 50 Eaton Corporation, PLC: Business Strategy Scorecard
Figure 51 Siemens AG: Company Snapshot
Figure 52 Siemens AG: Products Offering Scorecard
Figure 53 Siemens AG: Business Strategy Scorecard
Figure 54 Toshiba Corporation: Company Snapshot
Figure 55 Toshiba Corporation: Products Offering Scorecard
Figure 56 Toshiba Corporation: Business Strategy Scorecard
Figure 57 Legrand S.A.: Company Snapshot
Figure 58 Legrand S.A.: Products Offering Scorecard
Figure 59 Legrand S.A.: Business Strategy Scorecard
Figure 60 MTE Corporation: Company Snapshot
Figure 61 MTE Corporation: Products Offering Scorecard
Figure 62 MTE Corporation: Business Strategy Scorecard
Figure 63 Active Power, Inc.: Company Snapshot
Figure 64 Active Power, Inc.: Products Offering Scorecard
Figure 65 Active Power, Inc.: Business Strategy Scorecard
Figure 66 Acumentrics Corporation: Products Offering Scorecard
Figure 67 Acumentrics Corporation: Business Strategy Scorecard
Figure 68 Leviton Manufacturing Company, Inc.: Products Offering Scorecard
Figure 69 Leviton Manufacturing Company, Inc.: Business Strategy Scorecard
Figure 70 Socomec: Company Snapshot
Figure 71 Socomec: Products Offering Scorecard
Figure 72 Socomec: Business Strategy Scorecard
Figure 73 Smiths Group Snapshot
Figure 74 Smiths Group: Products Offering Scorecard
Figure 75 Smiths Group: Business Strategy Scorecard
Figure 76 Powervar: Products Offering Scorecard
Figure 77 Powervar: Business Strategy Scorecard 

The power quality equipment market is expected to grow at a CAGR of 6.56%, from 2017 to 2022, to reach a market size of USD 40.85 Billion by 2022. Non-uniform power quality and network reliability issues, rise in alternative energy programs, and power quality standardization are the major drivers of the power quality equipment market.

The report segments the power quality equipment market, by equipment, into surge arresters, surge protection devices, harmonic filters, power conditioning units, power distribution units, uninterruptable power supply, synchronous condenser, voltage regulator, digital static transfer switch, static VAR compensator, solid oxide fuel cells, isolation transformers, and power quality meters. The uninterruptable power supply segment is projected to dominate the power quality equipment market. The growing demand for primary protection of critical equipment from voltage interruption is driving the market for uninterruptable power supply.

The report segments the power quality equipment market, by end–user, into industrial and manufacturing, utilities, transportation, residential, and commercial. The commercial segment is expected to grow at the fastest rate 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 commercial segment, which is expected to create new revenue pockets for the power quality equipment market during the forecast period.

The market in Asia-Pacific is expected grow at the highest CAGR during the forecast period. The region is moving towards clean energy on a large scale in order to meet its growing energy needs in an efficient way. India, China, and Singapore are some of the potential growing markets in the power and utilities sector. Asia-Pacific also offered the biggest potential gains for foreign direct investment and attracted 45% of all the capital investment, globally, in 2015. Increased investments in modernizing infrastructure and urbanizing populations, especially in developing economies such as China and India, is expected to drive the Asia-Pacific power quality equipment market.

Power Quality Equipment Market

Although some cost bearing constraints in the installation of power quality equipment are observed, but emerging economies are expected to create better opportunities for the power quality equipment market. Cost and other related issues are expected to be the major challenges for growth in the power quality equipment market.

The leading players in the power quality equipment market 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.). New product developments was the strategy most commonly adopted by the top players, constituting 87% of the total developments from 2013 to 2016. It was followed by, contracts and agreements, mergers & acquisitions, expansions, partnerships, and awards and recognitions.

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