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
[249 Pages Report] The global power quality equipment market is projected to reach a size of USD 46.1 billion by 2026, at a CAGR of 7.3%, from an estimated USD 32.4 billion in 2021. Enhancing power quality to reduce overall carbon footprint from electrical devices and maximizing cost and energy savings are key factors driving the growth of the power quality equipment market.
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Power quality equipment market Dynamics
Driver: Maximizing cost and energy savings
Power quality equipment are used in power grids for ensuring continuous flow of stable power. The power flow in grids should be within the specified voltage and frequency limits. It must have a pure sinusoidal waveform. Good power quality saves money and energy. Power quality equipment help in avoiding damages and premature aging of equipment, loss of production, data, and work, sudden equipment malfunctions, poor performance and unexpected shutdowns, and capacitor bank failures, which, in turn, save money and energy.
At the load side, consumers can directly save their energy costs and reactive power tariffs when the power quality is reliable. Low power quality imposes serious losses on businesses and economy. Hence, various power quality equipment such as harmonic filters, voltage optimizers, compensators, isolation transformers, and power quality meters are employed to upgrade the power quality and minimize losses. Harmonic filters can improve equipment performance and reduce energy costs by eliminating unwanted harmonics in electrical systems created by nonlinear loads. Voltage optimization aims to reduce electricity usage costs and power demand by reducing supply voltage received. It can improve power quality by reducing harmonics and transient voltages, as well as by balancing phase voltages. Hence, the growth of the overall power quality equipment market is being fueled by the significant energy and cost savings enabled by it.
Restraints: High costs of high-end power quality equipment
Power quality equipment help in tracking harmonics in power, ensuring frequency stability, mitigating voltage variations, etc. They help utilities avoid operational downtime and maintain a high level of power quality. As power quality equipment are equipped with a number of features, their costs are high. The high-end power quality equipment are equipped with various features, such as disturbance detection and location, harmonic distortion analysis, high-speed transient detection, automated alarm configuration, and flicker detection and location, along with antialiasing. Thus, this equipment is expensive and has high installation costs. High costs of high-end equipment are expected to act as a restraint for the growth of the overall power quality equipment market.
Opportunities: Integrating variable renewable energy with power grids
Power quality is an important aspect of renewable energy integration. One of the key power quality concerns is voltage and frequency fluctuations, which are caused by non-controllable variability in renewable energy resources. Wind and solar power generation is intermittent in nature owing to the variability in energy generation sources that require additional actions to balance the system.
The supply-side variability requires to be accommodated. This leads to the need for power quality equipment. The relationship between generation levels and loads has to be balanced by adopting methods to ensure increased grid flexibility. In instances wherein renewable energy generation increases and load levels fall (or vice versa), actions to balance the system are required. System operators need to ensure that they have sufficient resources to accommodate significant up or down ramps in renewable energy generation to maintain system balance. Another power quality issue faced due to renewable energy integration is harmonics, which are introduced by power electronic devices used for renewable energy generation. When penetration level of renewable energy is high, the influence of harmonics is expected to be significant. Hence, balancing of loads to avoid tripping of electrical equipment offers lucrative growth opportunities for the power quality equipment market.
Challenges: Increasing use of nonlinear equipment across the world
The current waveform is not sinusoidal for nonlinear loads in sinusoidal AC circuits, as these loads comprise devices with no current conduction over the full cycle of the applied voltage. Nonlinear loads result in several disturbances such as overheating in distribution transformers and other distribution equipment, voltage waveform distortion, higher than rated currents in circuits, and heating in neutral conductors. They also affect the amplitude of the network voltage, change the phase relationship between the supply voltage and current, and cause distortion to the sinusoidal wave shape of the supply. Nonlinear loads not only reduce the power quality considerably but are also very sensitive to poor power quality in power distribution networks.
For instance, the compact fluorescent lamps (CFL) draw ~75% lower current than the incandescent bulbs, which were used previously. The ballasts integrated with CFL provide them a long lifespan, but they also distort the waveform of the current being drawn. Hence, considerable harmonic distortions are introduced into residential power distribution networks. The extensive use of nonlinear loads in appliances such as television sets, computers, stereos, microwaves, CFL, LED lighting, and chargers introduce harmonic distortions and compromise the power quality.
Market Trend
The uninterruptable power supplies segment, by equipment, is expected to be the largest market from 2021 to 2026.
Based on equipment, the power quality equipment has been segmented into surge arresters, surge protection devices, harmonic filters, power conditioning units, power distribution units, uninterruptable power supplies, synchronous condensers, voltage regulators, digital static transfer switches, static VAR compensators, solid oxide fuel cells, isolation transformers, and power quality meters. The uninterruptable power supplies segment is projected to lead the power quality equipment market from 2021 to 2026. These supplies provide stable and reliable power to critical safety-related loads such as emergency lights and medical equipment, reduce or avoid production losses, minimize or eliminate production damage, avoid product or facility damages, and reduce or avoid electricity-using equipment damages.
The three phase segment, by phase, is expected to be the largest market from 2021 to 2026.
The report segments the power quality equipment segment, by phase, is segmented into single phase and three phase. The three phase segment is projected to lead the power quality equipment market from 2020 to 2026. Three-phase power quality equipment are used in utilities, along with industrial and transportation sectors since three phase is commonly used by consumers globally.
The industrial and manufacturing segment, by end-user, is expected to be the fastest-growing market from 2021 to 2026.
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 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.
Asia Pacific is the fastest growing region in the power quality equipment market for the forecast period.
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 at 8.3%. The growth of the market in this country is driven by the increasing investments in transmission and distribution infrastructures and the growing adoption of renewable energy in China.
Key Market Players
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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Report Attributes |
Details |
|
Market size value in 2021: |
USD 32.4 Billion |
|
Projected to reach 2026: |
USD 46.1 Billion |
|
CAGR: |
7.3% |
|
Base Year Considered: |
2020 |
|
Forecast Period: |
2021-2026 |
|
Largest Market: |
Asia Pacific |
|
Region Covered: |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
|
Segments Covered: |
Equipment, Phase, and End User |
|
Companies Covered: |
Eaton (Ireland), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), General Electric (US), Toshiba (Japan), Emerson (US), Legrand (France), Honeywell (US), AMETEK Powervar (US), Piller Power Systems (Germany), Acumentrics (US), Leviton Manufacturing (US), MTE (US), Socomec (France), Infinite Electronics Duromax (US), and others... |
This research report categorizes the power quality equipment market based on equipment, phase, end-user and region
Based on Equipment:
- Surge arresters
- Surge protection devices
- Harmonic filters
- Power conditioning units
- Power distribution units
- Uninterruptable power supplies
- Synchronous condensers
- voltage regulators
- Digital static transfer switches,
- Static VAR compensators
- Solid oxide fuel cells
- Isolation transformers
- Power quality meters
Based on Phase:
- Single Phase
- Three Phase
Based on End User:
- Residential
- Commercial
- Industrial and manufacturing
- Utilities
- Transportation
Based on the region:
- North America
- Asia Pacific
- South America
- Europe
- Middle East & Africa
Recent Developments
- In January 2021, Eaton acquired Tripp Lite, a supplier of power quality products and connectivity solutions to enhance the breadth of its edge computing and distributed IT product portfolio and expand its single-phase UPS business.
- In March 2021, Siemens acquired a 99.2% stake in C&S Electric India. This was done to cater to the rising demand for low-voltage power distribution in the country and create an export hub for low-voltage products, distribution products, and protection and measurement devices.
- In February 2021, ABB signed a contract with the state-owned Egyptian Electricity Transmission Company (EETC). The aim of this contract is to improve power quality and expand the transmission capacity of Egyptian Electricity Transmission Company in the strategic Owainat development area of southwest Egypt
- In November 2018, ABB launched its new multi-functional power quality and energy storage solutions, namely, PQflexC, PQdynaC, PQStorI, PQactiF, and PQoptiM, designed to mitigate a range of power quality problems for electrical networks.
- In January 2020, Schneider announced a new addition to its portfolio of advanced power quality meters, PowerLogic ION9000T.
Frequently Asked Questions (FAQ):
What is the current size of the power quality equipment market?
The current market size of global power quality equipment market is estimated to be USD 32.4 billion in 2021.
What is the major drivers?
Enhancing power quality to reduce overall carbon footprint from electrical devices and maximizing cost and energy savings are the key factors driving the growth of the power quality equipment market.
Which is the fastest growing region during the forecasted period?
Asia Pacific is the fastest growing region during the forecasted period. The region is the most populated region in the world and is expected to become the largest energy-consuming region globally. 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 such as China, Japan, South Korea, and India is supported by regulations that either encourage or mandate their development.
Which is the fastest growing segment, by equipment during the forecasted period?
The uninterruptable power supplies segment accounted for the largest share of the power quality equipment market in 2020. The uninterruptable power supplies segment is projected to lead the power quality equipment market from 2021 to 2026. These supplies provide stable and reliable power to critical safety-related loads such as emergency lights and medical equipment, reduce or avoid production losses, minimize or eliminate production damage, avoid product or facility damages, and reduce or avoid electricity-using equipment damages. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 30)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.3.1 POWER QUALITY EQUIPMENT MARKET, BY END USER:INCLUSIONS AND EXCLUSIONS
1.4 MARKET SCOPE
1.4.1 MARKET SEGMENTATION
1.4.2 GEOGRAPHIC SCOPE
1.5 YEARS CONSIDERED
1.6 CURRENCY
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 35)
2.1 RESEARCH DATA
FIGURE 1 POWER QUALITY EQUIPMENT MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION METHODOLOGY
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Breakdown of primaries
2.3 SCOPE
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4.3 DEMAND-SIDE ANALYSIS
FIGURE 5 MAIN METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR POWER QUALITY EQUIPMENT
2.4.3.1 Demand-side calculations
2.4.3.2 Assumptions for demand-side analysis
2.4.4 SUPPLY-SIDE ANALYSIS
FIGURE 6 MAIN METRICS CONSIDERED FOR ASSESSING DEMAND OF MARKET
FIGURE 7 MARKET: SUPPLY-SIDE ANALYSIS
2.4.4.1 Supply-side calculations
2.4.4.2 Assumptions for supply side
2.4.5 FORECAST
3 EXECUTIVE SUMMARY (Page No. - 47)
TABLE 1 POWER QUALITY EQUIPMENT MARKET SNAPSHOT
FIGURE 8 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF MARKET IN 2020
FIGURE 9 THREE PHASE SEGMENT TO LEAD MARKET FROM 2021–2026
FIGURE 10 UNINTERRUPTABLE POWER SUPPLIES SEGMENT TO LEAD MARKET FROM 2021 TO 2026
FIGURE 11 INDUSTRIAL AND MANUFACTURING SEGMENT TO HOLD LARGEST SIZE OF MARKET FROM 2021 TO 2026
4 PREMIUM INSIGHTS (Page No. - 52)
4.1 ATTRACTIVE OPPORTUNITIES IN POWER QUALITY EQUIPMENT MARKET
FIGURE 12 INCREASING INVESTMENTS FOR UPGRADING AGING INDUSTRIAL INFRASTRUCTURES TO DRIVE GROWTH OF MARKET FROM 2021 TO 2026
4.2 MARKET, BY REGION
FIGURE 13 MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
4.3 MARKET IN NORTH AMERICA, BY END USER AND COUNTRY
FIGURE 14 INDUSTRIAL AND MANUFACTURING SEGMENT AND US HELD LARGEST SHARES OF MARKET IN NORTH AMERICA IN 2020
4.4 MARKET, BY PHASE
FIGURE 15 THREE PHASE SEGMENT TO ACCOUNT FOR LARGE SHARE OF MARKET IN 2026
4.5 MARKET, BY EQUIPMENT
FIGURE 16 UNINTERRUPTABLE POWER SUPPLIES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2026
4.6 MARKET, BY END USER
FIGURE 17 INDUSTRIAL AND MANUFACTURING SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2026
5 MARKET OVERVIEW (Page No. - 56)
5.1 INTRODUCTION
5.2 COVID-19 HEALTH ASSESSMENT
FIGURE 18 COVID-19 GLOBAL PROPAGATION
FIGURE 19 COVID-19 PROPAGATION IN SELECTED COUNTRIES
5.3 ROAD TO RECOVERY
FIGURE 20 RECOVERY ROAD FOR 2020 AND 2021
5.4 COVID-19 ECONOMIC ASSESSMENT
FIGURE 21 REVISED GDP FOR SELECT G20 COUNTRIES IN 2020
5.5 MARKET DYNAMICS
FIGURE 22 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.5.1 DRIVERS
5.5.1.1 Maximizing cost and energy savings
FIGURE 23 GLOBAL INVESTMENTS IN ELECTRICITY NETWORKS FROM 2012 TO 2019
5.5.1.2 Enhancing power quality to reduce overall carbon footprint
5.5.2 RESTRAINTS
5.5.2.1 Frequent switching of heavy loads connected to power networks
5.5.2.2 High costs of high-end power quality equipment
5.5.3 OPPORTUNITIES
5.5.3.1 Increasing adoption of smart grid technologies worldwide
5.5.3.2 Integrating variable renewable energy with power grids
FIGURE 24 GLOBAL INVESTMENTS IN RENEWABLE ENERGY CAPACITY, 2009–2019 (USD BILLION)
5.5.4 CHALLENGES
5.5.4.1 Increasing use of nonlinear equipment across the world
5.5.4.2 Supply chain disruptions caused by spread of COVID-19
5.6 TRENDS
5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR POWER QUALITY EQUIPMENT MANUFACTURERS
FIGURE 25 REVENUE SHIFT FOR POWER QUALITY EQUIPMENT
5.7 AVERAGE SELLING PRICES
FIGURE 26 AVERAGE SELLING PRICES OF SURGE ARRESTERS
5.8 MARKET MAP
FIGURE 27 POWER QUALITY EQUIPMENT MARKET MAP
TABLE 2 MARKET: ROLE IN ECOSYSTEM
5.9 TRADE DATA STATISTICS
TABLE 3 COUNTRY-WISE IMPORTS OF ELECTRICAL APPARATUSES, LIGHTNING ARRESTERS, VOLTAGE LIMITERS, AND SURGE SUPPRESSORS (FOR VOLTAGE EXCEEDING 1,000 V), 2018–2020 (USD)
TABLE 4 COUNTRY-WISE EXPORTS OF ELECTRICAL APPARATUSES, LIGHTNING ARRESTERS, VOLTAGE LIMITERS, AND SURGE SUPPRESSORS (FOR VOLTAGE EXCEEDING 1,000 V), 2018–2020 (USD)
5.10 VALUE CHAIN ANALYSIS
FIGURE 28 POWER QUALITY EQUIPMENT VALUE CHAIN ANALYSIS
5.10.1 RAW MATERIAL PROVIDERS/SUPPLIERS
5.10.2 COMPONENT MANUFACTURERS
5.10.3 POWER QUALITY EQUIPMENT MANUFACTURERS/ASSEMBLERS
5.10.4 DISTRIBUTORS/END USERS
5.10.5 POST-SALES SERVICES
5.11 TECHNOLOGY ANALYSIS
5.11.1 POWER QUALITY EQUIPMENT BASED ON DIFFERENT TECHNOLOGIES
5.12 POWER QUALITY EQUIPMENT: CODES AND REGULATIONS
TABLE 5 POWER QUALITY EQUIPMENT: CODES AND REGULATIONS
5.13 INNOVATIONS AND PATENT REGISTRATIONS
TABLE 6 POWER QUALITY EQUIPMENT: INNOVATIONS AND PATENT REGISTRATIONS, NOVEMBER 2016–MARCH 2021
5.14 PORTER’S FIVE FORCES ANALYSIS
FIGURE 29 PORTER’S FIVE FORCES ANALYSIS FOR MARKET
TABLE 7 MARKET: PORTER’S FIVE FORCES ANALYSIS
5.14.1 THREAT OF SUBSTITUTES
5.14.2 BARGAINING POWER OF SUPPLIERS
5.14.3 BARGAINING POWER OF BUYERS
5.14.4 THREAT OF NEW ENTRANTS
5.14.5 INTENSITY OF COMPETITIVE RIVALRY
5.15 CASE STUDY ANALYSIS
TABLE 8 POWER QUALITY EQUIPMENT: CASE STUDY ANALYSIS
6 POWER QUALITY EQUIPMENT MARKET, BY EQUIPMENT (Page No. - 76)
6.1 INTRODUCTION
FIGURE 30 POWER QUALITY EQUIPMENT MARKET SHARE, BY EQUIPMENT, 2020 (%)
TABLE 9 MARKET, BY EQUIPMENT, 2015–2018 (USD BILLION)
TABLE 10 MARKET, BY EQUIPMENT, 2019–2026 (USD BILLION)
6.2 SURGE ARRESTERS
6.2.1 PROTECTION OFFERED BY SURGE ARRESTERS TO ELECTRICAL EQUIPMENT FROM TRANSIENTS DRIVES MARKET GROWTH
TABLE 11 MARKET FOR SURGE ARRESTERS, BY REGION, 2015–2018 (USD MILLION)
TABLE 12 MARKET FOR SURGE ARRESTERS, BY REGION, 2019–2026 (USD MILLION)
6.3 SURGE PROTECTION DEVICES
6.3.1 PREVENTION OF DOWNTIME CAUSED BY EQUIPMENT MALFUNCTIONING USING SURGE PROTECTION DEVICES
TABLE 13 MARKET FOR SURGE PROTECTION DEVICES, BY REGION, 2015–2018 (USD MILLION)
TABLE 14 MARKET FOR SURGE PROTECTION DEVICES, BY REGION, 2019–2026 (USD MILLION)
6.4 STATIC VAR COMPENSATORS
6.4.1 ENHANCED POWER PLANT RELIABILITY OFFERED BY STATIC VAR COMPENSATORS FOR INCREASED PRODUCTIVITY
TABLE 15 MARKET FOR STATIC VAR COMPENSATORS, BY REGION, 2015–2018 (USD MILLION)
TABLE 16 MARKET FOR STATIC VAR COMPENSATORS, BY REGION, 2019–2026 (USD MILLION)
6.5 SYNCHRONOUS CONDENSERS
6.5.1 REQUIREMENT OF INCREASED GRID STABILITY TO DRIVE DEMAND FOR SYNCHRONOUS CONDENSERS
TABLE 17 MARKET FOR SYNCHRONOUS CONDENSERS, BY REGION, 2015–2018 (USD MILLION)
TABLE 18 MARKET FOR SYNCHRONOUS CONDENSERS, BY REGION, 2019–2026 (USD MILLION)
6.6 VOLTAGE REGULATORS
6.6.1 MAINTENANCE OF RELIABLE POWER SUPPLY FOR END USERS TO CONTRIBUTE TO DEMAND FOR VOLTAGE REGULATORS
TABLE 19 MARKET FOR VOLTAGE REGULATORS, BY REGION, 2015–2018 (USD MILLION)
TABLE 20 MARKET FOR VOLTAGE REGULATORS, BY REGION, 2019–2026 (USD MILLION)
6.7 POWER QUALITY METERS
6.7.1 REAL-TIME ANALYSIS OF POWER QUALITY TO DRIVE DEMAND FOR POWER QUALITY METERS
TABLE 21 MARKET FOR POWER QUALITY METERS, BY REGION, 2015–2018 (USD MILLION)
TABLE 22 MARKET FOR POWER QUALITY METERS, BY REGION, 2019–2026 (USD MILLION)
6.8 SOLID OXIDE FUEL CELLS
6.8.1 FUEL FLEXIBILITY AND INCREASED DEMAND FOR ENERGY-EFFICIENT POWER GENERATION TO DRIVE MARKET GROWTH
TABLE 23 MARKET FOR SOLID OXIDE FUEL CELLS, BY REGION, 2015–2018 (USD MILLION)
TABLE 24 MARKET FOR SOLID OXIDE FUEL CELLS, BY REGION, 2019–2026 (USD MILLION)
6.9 DIGITAL STATIC TRANSFER SWITCHES
6.9.1 FOCUS ON ACHIEVING RELIABLE POWER SUPPLY TO FUEL DEMAND FOR DIGITAL STATIC TRANSFER SWITCHES
TABLE 25 MARKET FOR DIGITAL STATIC TRANSFER SWITCHES, BY REGION, 2015–2018 (USD MILLION)
TABLE 26 MARKET FOR DIGITAL STATIC TRANSFER SWITCHES, BY REGION, 2019–2026 (USD MILLION)
6.1 UNINTERRUPTABLE POWER SUPPLIES
6.10.1 REQUIREMENT OF CONTINUOUS POWER SUPPLY IN DIFFERENT INDUSTRIES TO LEAD TO RISEN DEMAND FOR UNINTERRUPTABLE POWER SUPPLIES
TABLE 27 MARKET FOR UNINTERRUPTABLE POWER SUPPLIES, BY REGION, 2015–2018 (USD MILLION)
TABLE 28 MARKET FOR UNINTERRUPTABLE POWER SUPPLIES, BY REGION, 2019–2026 (USD MILLION)
6.11 ISOLATION TRANSFORMERS
6.11.1 ABILITY OF ISOLATION TRANSFORMERS TO ISOLATE SENSITIVE EQUIPMENT FROM TRANSIENTS AND NOISE TO DRIVE THEIR DEMAND
TABLE 29 MARKET FOR ISOLATION TRANSFORMERS, BY REGION, 2015–2018 (USD MILLION)
TABLE 30 MARKET FOR ISOLATION TRANSFORMERS, BY REGION, 2019–2026 (USD MILLION)
6.12 HARMONIC FILTERS
6.12.1 SAFETY OF ELECTRICAL EQUIPMENT FROM HIGH VOLTAGE OR CURRENT TO CONTRIBUTE TO DEMAND FOR HARMONIC FILTERS
TABLE 31 MARKET FOR HARMONIC FILTERS, BY REGION, 2015–2018 (USD MILLION)
TABLE 32 MARKET FOR HARMONIC FILTERS, BY REGION, 2019–2026 (USD MILLION)
6.13 POWER CONDITIONING UNITS
6.13.1 USE OF POWER CONDITIONING UNITS FOR OUTPUT VOLTAGE REGULATION, LOAD ISOLATION, AND ELECTRICAL NOISE ATTENUATION TO FUEL THEIR DEMAND
TABLE 33 MARKET FOR POWER CONDITIONING UNITS, BY REGION, 2015–2018 (USD MILLION)
TABLE 34 MARKET FOR POWER CONDITIONING UNITS, BY REGION, 2019–2026 (USD MILLION)
6.14 POWER DISTRIBUTION UNITS
6.14.1 FOCUS ON DETECTING ABNORMAL CONDITIONS OF ELECTRICAL POWER IN DATA CENTERS TO CONTRIBUTE TO DEMAND FOR POWER DISTRIBUTION UNITS
TABLE 35 MARKET FOR POWER DISTRIBUTION UNITS, BY REGION, 2015–2018 (USD MILLION)
TABLE 36 MARKET FOR POWER DISTRIBUTION UNITS, BY REGION, 2019–2026 (USD MILLION)
7 POWER QUALITY EQUIPMENT MARKET, BY PHASE (Page No. - 95)
7.1 INTRODUCTION
FIGURE 31 THREE PHASE SEGMENT ACCOUNTED FOR LARGE SHARE OF MARKET IN 2020
TABLE 37 MARKET, BY PHASE, 2015–2018 (USD BILLION)
TABLE 38 MARKET, BY PHASE, 2019–2026 (USD BILLION)
7.2 SINGLE PHASE
7.2.1 REQUIREMENT TO MONITOR LOW POWER LOAD ELECTRICAL AND ELECTRONICS EQUIPMENT TO DRIVE MARKET GROWTH
TABLE 39 SINGLE-PHASE MARKET, BY REGION, 2015–2018 (USD MILLION)
TABLE 40 SINGLE-PHASE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.3 THREE PHASE
7.3.1 INCREASE IN DEMAND FOR ENERGY-EFFICIENT PRODUCTS TO FUEL GROWTH OF THREE-PHASE MARKET
TABLE 41 THREE-PHASE MARKET, BY REGION, 2015–2018 (USD MILLION)
TABLE 42 THREE-PHASE MARKET, BY REGION, 2019–2026 (USD MILLION)
8 POWER QUALITY EQUIPMENT MARKET, BY END USER (Page No. - 100)
8.1 INTRODUCTION
FIGURE 32 MARKET SHARE, BY END USER, 2020 (%)
TABLE 43 MARKET, BY END USER, 2015–2018 (USD BILLION)
TABLE 44 MARKET, BY END USER, 2019–2026 (USD BILLION)
8.2 INDUSTRIAL AND MANUFACTURING
8.2.1 REQUIREMENT OF UNINTERRUPTED POWER DELIVERY TO DIFFERENT EQUIPMENT AND THEIR PROTECTION FROM EXTERNAL SURGES TO DRIVE MARKET GROWTH
TABLE 45 MARKET FOR INDUSTRIAL AND MANUFACTURING, BY REGION, 2015–2018 (USD MILLION)
TABLE 46 MARKET FOR INDUSTRIAL AND MANUFACTURING, BY REGION, 2019–2026 (USD MILLION)
8.3 COMMERCIAL
8.3.1 NEED OF RELIABLE POWER QUALITY FOR COMMERCIAL END USERS TO FUEL MARKET GROWTH
TABLE 47 MARKET FOR COMMERCIAL, BY REGION, 2015–2018 (USD MILLION)
TABLE 48 MARKET FOR COMMERCIAL, BY REGION, 2019–2026 (USD MILLION)
8.4 UTILITIES
8.4.1 DEMAND FOR RELIABLE AND CONTINUOUS POWER SUPPLY FROM UTILITIES TO CONTRIBUTE TO MARKET GROWTH
TABLE 49 MARKET FOR UTILITIES, BY REGION, 2015–2018 (USD MILLION)
TABLE 50 MARKET FOR UTILITIES, BY REGION, 2019–2026 (USD MILLION)
8.5 TRANSPORTATION
8.5.1 INVESTMENTS IN RAILWAY ELECTRIFICATION AND NEW METRO RAIL PROJECTS TO FUEL MARKET GROWTH
TABLE 51 MARKET FOR TRANSPORTATION, BY REGION, 2015–2018 (USD MILLION)
TABLE 52 MARKET FOR TRANSPORTATION, BY REGION, 2019–2026 (USD MILLION)
8.6 RESIDENTIAL
8.6.1 INFRASTRUCTURAL DEVELOPMENTS WORLDWIDE TO FUEL DEMAND FOR POWER QUALITY EQUIPMENT
TABLE 53 MARKET FOR RESIDENTIAL, BY REGION, 2015–2018 (USD MILLION)
TABLE 54 MARKET FOR RESIDENTIAL, BY REGION, 2019–2026 (USD MILLION)
9 GEOGRAPHIC ANALYSIS (Page No. - 109)
9.1 INTRODUCTION
FIGURE 33 MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
FIGURE 34 MARKET SHARE, BY REGION, 2020 (%)
TABLE 55 MARKET, BY REGION, 2015–2018 (USD BILLION)
TABLE 56 MARKET, BY REGION, 2019–2026 (USD BILLION)
9.2 ASIA PACIFIC
FIGURE 35 SNAPSHOT: POWER QUALITY EQUIPMENT MARKET IN ASIA PACIFIC
TABLE 57 MARKET IN ASIA PACIFIC, BY EQUIPMENT, 2015–2018 (USD MILLION)
TABLE 58 MARKET IN ASIA PACIFIC, BY EQUIPMENT, 2019–2026 (USD MILLION)
TABLE 59 MARKET IN ASIA PACIFIC, BY PHASE, 2015–2018 (USD MILLION)
TABLE 60 MARKET IN ASIA PACIFIC, BY PHASE, 2019–2026 (USD MILLION)
TABLE 61 MARKET IN ASIA PACIFIC, BY END USER, 2015–2018 (USD MILLION)
TABLE 62 MARKET IN ASIA PACIFIC, BY END USER, 2019–2026 (USD MILLION)
TABLE 63 MARKET IN ASIA PACIFIC, BY COUNTRY, 2015–2018 (USD MILLION)
TABLE 64 MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2026 (USD MILLION)
9.2.1 CHINA
9.2.1.1 Increased investments in renewable energy sector to drive market growth in China
TABLE 65 MARKET IN CHINA, BY END USER, 2015–2018 (USD MILLION)
TABLE 66 MARKET IN CHINA, BY END USER, 2019–2026 (USD MILLION)
9.2.2 INDIA
9.2.2.1 Surged need for strong transmission infrastructures to meet bulk power transfer requirements to fuel demand for power quality equipment in India
TABLE 67 MARKET IN INDIA, BY END USER, 2015–2018 (USD MILLION)
TABLE 68 MARKET IN INDIA, BY END USER, 2019–2026 (USD MILLION)
9.2.3 JAPAN
9.2.3.1 Increased number of projects pertaining to power transmission and distribution networks and renewable energy generation to drive market growth in Japan
TABLE 69 MARKET IN JAPAN, BY END USER, 2015–2018 (USD MILLION)
TABLE 70 MARKET IN JAPAN, BY END USER, 2019–2026 (USD MILLION)
9.2.4 REST OF ASIA PACIFIC
TABLE 71 MARKET IN REST OF ASIA PACIFIC, BY END USER, 2015–2018 (USD MILLION)
TABLE 72 MARKET IN REST OF ASIA PACIFIC, BY END USER, 2019–2026 (USD MILLION)
9.3 NORTH AMERICA
FIGURE 36 SNAPSHOT: MARKET IN NORTH AMERICA
TABLE 73 MARKET IN NORTH AMERICA, BY EQUIPMENT, 2015–2018 (USD MILLION)
TABLE 74 MARKET IN NORTH AMERICA, BY EQUIPMENT, 2019–2026 (USD MILLION)
TABLE 75 MARKET IN NORTH AMERICA, BY PHASE, 2015–2018 (USD MILLION)
TABLE 76 MARKET IN NORTH AMERICA, BY PHASE, 2019–2026 (USD MILLION)
TABLE 77 MARKET IN NORTH AMERICA, BY END USER, 2015–2018 (USD MILLION)
TABLE 78 MARKET IN NORTH AMERICA, BY END USER, 2019–2026 (USD MILLION)
TABLE 79 MARKET IN NORTH AMERICA, BY COUNTRY, 2015–2018 (USD MILLION)
TABLE 80 MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2026 (USD MILLION)
9.3.1 US
9.3.1.1 Large-scale investments to improve grid reliability in US to fuel market growth
TABLE 81 POWER QUALITY EQUIPMENT MARKET IN US, BY END USER, 2015–2018 (USD MILLION)
TABLE 82 MARKET IN US, BY END USER, 2019–2026 (USD MILLION)
9.3.2 CANADA
9.3.2.1 Significant investments in restructuring existing electricity infrastructure in Canada to contribute to market growth
TABLE 83 MARKET IN CANADA, BY END USER, 2015–2018 (USD MILLION)
TABLE 84 MARKET IN CANADA, BY END USER, 2019–2026 (USD MILLION)
9.3.3 MEXICO
9.3.3.1 Growth in manufacturing and industrial sectors to lead to demand for power quality equipment in Mexico
TABLE 85 MARKET IN MEXICO, BY END USER,2015–2018 (USD MILLION)
TABLE 86 MARKET IN MEXICO, BY END USER, 2019–2026 (USD MILLION)
9.4 EUROPE
TABLE 87 MARKET IN EUROPE, BY EQUIPMENT,2015–2018 (USD MILLION)
TABLE 88 MARKET IN EUROPE, BY EQUIPMENT, 2019–2026 (USD MILLION)
TABLE 89 MARKET IN EUROPE, BY PHASE, 2015–2018 (USD MILLION)
TABLE 90 MARKET IN EUROPE, BY PHASE, 2019–2026 (USD MILLION)
TABLE 91 MARKET IN EUROPE, BY END USER, 2015–2018 (USD MILLION)
TABLE 92 MARKET IN EUROPE, BY END USER, 2019–2026 (USD MILLION)
TABLE 93 MARKET IN EUROPE, BY COUNTRY, 2015–2018 (USD MILLION)
TABLE 94 MARKET IN EUROPE, BY COUNTRY, 2019–2026 (USD MILLION)
9.4.1 UK
9.4.1.1 Increased transmission and distribution investments and implementation of Industry 4.0 to fuel market growth in UK
TABLE 95 MARKET IN UK, BY END USER, 2015–2018 (USD MILLION)
TABLE 96 MARKET IN UK, BY END USER, 2019–2026 (USD MILLION)
9.4.2 GERMANY
9.4.2.1 Flourished manufacturing industry and planned investments for renewable energy generation to drive market growth in Germany
TABLE 97 MARKET IN GERMANY, BY END USER, 2015–2018 (USD MILLION)
TABLE 98 MARKET IN GERMANY, BY END USER, 2019–2026 (USD MILLION)
9.4.3 FRANCE
9.4.3.1 Large-scale grid investments and growth of manufacturing industry to fuel market in France
TABLE 99 MARKET IN FRANCE, BY END USER, 2015–2018 (USD MILLION)
TABLE 100 MARKET IN FRANCE, BY END USER, 2019–2026 (USD MILLION)
9.4.4 ITALY
9.4.4.1 Achievement of renewable energy targets to fuel market growth in Italy
TABLE 101 MARKET IN ITALY, BY END USER, 2015–2018 (USD MILLION)
TABLE 102 MARKET IN ITALY, BY END USER, 2019–2026 (USD MILLION)
9.4.5 REST OF EUROPE
TABLE 103 MARKET IN REST OF EUROPE, BY END USER, 2015–2018 (USD MILLION)
TABLE 104 MARKET IN REST OF EUROPE, BY END USER, 2019–2026 (USD MILLION)
9.5 MIDDLE EAST AND AFRICA
TABLE 105 MARKET IN MIDDLE EAST AND AFRICA, BY EQUIPMENT, 2015–2018 (USD MILLION)
TABLE 106 MARKET IN MIDDLE EAST AND AFRICA, BY EQUIPMENT, 2019–2026 (USD MILLION)
TABLE 107 MARKET IN MIDDLE EAST AND AFRICA, BY PHASE, 2015–2018 (USD MILLION)
TABLE 108 MARKET IN MIDDLE EAST AND AFRICA, BY PHASE, 2019–2026 (USD MILLION)
TABLE 109 MARKET IN MIDDLE EAST AND AFRICA, BY END USER, 2015–2018 (USD MILLION)
TABLE 110 MARKET IN MIDDLE EAST AND AFRICA,BY END USER, 2019–2026 (USD MILLION)
TABLE 111 MARKET IN MIDDLE EAST AND AFRICA, BY COUNTRY, 2015–2018 (USD MILLION)
TABLE 112 MARKET IN MIDDLE EAST AND AFRICA,BY COUNTRY, 2019–2026 (USD MILLION)
9.5.1 SAUDI ARABIA
9.5.1.1 Significant transmission and distribution investments in Saudi Arabia to meet increased electricity demand to drive market growth
TABLE 113 MARKET IN SAUDI ARABIA, BY END USER, 2015–2018 (USD MILLION)
TABLE 114 MARKET IN SAUDI ARABIA, BY END USER, 2019–2026 (USD MILLION)
9.5.2 UAE
9.5.2.1 Increased focus on completion of renewable energy projects to contribute to market growth in UAE
TABLE 115 MARKET IN UAE, BY END USER, 2015–2018 (USD MILLION)
TABLE 116 MARKET IN UAE, BY END USER, 2019–2026 (USD MILLION)
9.5.3 KUWAIT
9.5.3.1 Surged infrastructure investments to drive demand for power quality equipment in Kuwait
TABLE 117 MARKET IN KUWAIT, BY END USER, 2015–2018 (USD MILLION)
TABLE 118 MARKET IN KUWAIT, BY END USER, 2019–2026 (USD MILLION)
9.5.4 QATAR
9.5.4.1 Risen power consumption in Qatar to fuel demand for power quality equipment
TABLE 119 MARKET IN QATAR, BY END USER, 2015–2018 (USD MILLION)
TABLE 120 MARKET IN QATAR, BY END USER, 2019–2026 (USD MILLION)
9.5.5 SOUTH AFRICA
9.5.5.1 Increased investments in 10-year development plan proposed by Eskom to contribute to market growth in South Africa
TABLE 121 MARKET IN SOUTH AFRICA, BY END USER, 2015–2018 (USD MILLION)
TABLE 122 MARKET IN SOUTH AFRICA, BY END USER, 2019–2026 (USD MILLION)
9.5.6 REST OF MIDDLE EAST AND AFRICA
TABLE 123 MARKET IN REST OF MIDDLE EAST AND AFRICA, BY END USER, 2015–2018 (USD MILLION)
TABLE 124 MARKET IN REST OF MIDDLE EAST AND AFRICA, BY END USER, 2019–2026 (USD MILLION)
9.6 SOUTH AMERICA
TABLE 125 MARKET IN SOUTH AMERICA, BY EQUIPMENT, 2015–2018 (USD MILLION)
TABLE 126 MARKET IN SOUTH AMERICA, BY EQUIPMENT, 2019–2026 (USD MILLION)
TABLE 127 MARKET IN SOUTH AMERICA, BY PHASE, 2015–2018 (USD MILLION)
TABLE 128 MARKET IN SOUTH AMERICA, BY PHASE, 2019–2026 (USD MILLION)
TABLE 129 MARKET IN SOUTH AMERICA, BY END USER, 2015–2018 (USD MILLION)
TABLE 130 MARKET IN SOUTH AMERICA, BY END USER, 2019–2026 (USD MILLION)
TABLE 131 MARKET IN SOUTH AMERICA, BY COUNTRY, 2015–2018 (USD MILLION)
TABLE 132 MARKET IN SOUTH AMERICA, BY COUNTRY, 2019–2026 (USD MILLION)
9.6.1 BRAZIL
9.6.1.1 Risen focus on grid modernization to meet growing electricity demand to contribute to market growth in Brazil
TABLE 133 MARKET IN BRAZIL, BY END USER, 2015–2018 (USD MILLION)
TABLE 134 MARKET IN BRAZIL, BY END USER, 2019–2026 (USD MILLION)
9.6.2 ARGENTINA
9.6.2.1 Surged investments in transmission and distribution networks to meet rising electricity demand in Argentina
TABLE 135 MARKET IN ARGENTINA, BY END USER, 2015–2018 (USD MILLION)
TABLE 136 MARKET IN ARGENTINA, BY END USER, 2019–2026 (USD MILLION)
9.6.3 VENEZUELA
9.6.3.1 Increased government focus on renewable energy generation to drive demand for power quality equipment in Venezuela
TABLE 137 MARKET IN VENEZUELA, BY END USER, 2015–2018 (USD MILLION)
TABLE 138 MARKET IN VENEZUELA, BY END USER, 2019–2026 (USD MILLION)
9.6.4 REST OF SOUTH AMERICA
TABLE 139 MARKET IN REST OF SOUTH AMERICA, BY END USER, 2015–2018 (USD MILLION)
TABLE 140 MARKET IN REST OF SOUTH AMERICA, BY END USER, 2019–2026 (USD MILLION)
10 COMPETITIVE LANDSCAPE (Page No. - 162)
10.1 KEY PLAYERS STRATEGIES
TABLE 141 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, JANUARY 2017–APRIL 2021
10.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
TABLE 142 MARKET: DEGREE OF COMPETITION
FIGURE 37 MARKET SHARE ANALYSIS, 2019
10.3 MARKET EVALUATION FRAMEWORK
TABLE 143 MARKET EVALUATION FRAMEWORK
10.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
FIGURE 38 TOP FIVE PLAYERS IN MARKET FROM 2015 TO 2019
10.5 COMPANY EVALUATION QUADRANT
10.5.1 STAR
10.5.2 PERVASIVE
10.5.3 EMERGING LEADER
10.5.4 PARTICIPANT
FIGURE 39 COMPETITIVE LEADERSHIP MAPPING: MARKET, 2019
FIGURE 40 EQUIPMENT FOOTPRINT OF COMPANIES
TABLE 144 END USER FOOTPRINT OF COMPANIES
TABLE 145 REGIONAL FOOTPRINT OF COMPANIES
TABLE 146 OVERALL FOOTPRINT OF COMPANIES
10.6 COMPETITIVE SCENARIO
TABLE 147 POWER QUALITY EQUIPMENT MARKET: PRODUCT LAUNCHES, MAY 2018–NOVEMBER 2020
TABLE 148 MARKET: DEALS, APRIL 2019– MARCH 2021
TABLE 149 MARKET: OTHER DEVELOPMENTS, FEBRUARY 2020
11 COMPANY PROFILES (Page No. - 178)
11.1 KEY PLAYERS
(Business and financial overview, Products Offered, Recent Developments, SWOT Analysis, Winning imperatives, Current strategies, Weaknesses and competitive threats, right to win)*
11.1.1 EATON
TABLE 150 EATON: COMPANY OVERVIEW
FIGURE 41 EATON: COMPANY SNAPSHOT
TABLE 151 EATON: PRODUCTS OFFERED
TABLE 152 EATON: PRODUCT LAUNCHES, AUGUST 2019–NOVEMBER 2020
TABLE 153 EATON: DEALS, FEBRUARY 2020–JANUARY 2021
TABLE 154 EATON: OTHER DEVELOPMENTS, FEBRUARY 2020
11.1.2 SIEMENS
TABLE 155 SIEMENS: COMPANY OVERVIEW
FIGURE 42 SIEMENS: COMPANY SNAPSHOT
TABLE 156 SIEMENS: PRODUCTS OFFERED
TABLE 157 SIEMENS: PRODUCT LAUNCHES, MAY 2018–NOVEMBER 2020
TABLE 158 SIEMENS: DEALS, APRIL 2019–MARCH 2021
11.1.3 ABB
TABLE 159 ABB: COMPANY OVERVIEW
FIGURE 43 ABB: COMPANY SNAPSHOT
TABLE 160 ABB: PRODUCTS OFFERED
TABLE 161 ABB: PRODUCT LAUNCHES, NOVEMBER 2018
TABLE 162 ABB: DEALS, FEBRUARY 2020–FEBRUARY 2021
TABLE 163 ABB: OTHER DEVELOPMENTS, FEBRUARY 2020
11.1.4 SCHNEIDER ELECTRIC
TABLE 164 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
FIGURE 44 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 165 SCHNEIDER ELECTRIC: PRODUCTS OFFERED
TABLE 166 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES, OCTOBER 2018– JANUARY 2020
11.1.5 GENERAL ELECTRIC
TABLE 167 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 45 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 168 GENERAL ELECTRIC: PRODUCTS OFFERED
11.1.6 TOSHIBA
TABLE 169 TOSHIBA: COMPANY OVERVIEW
FIGURE 46 TOSHIBA: COMPANY SNAPSHOT
TABLE 170 TOSHIBA: PRODUCTS OFFERED
11.1.7 EMERSON
TABLE 171 EMERSON: COMPANY OVERVIEW
FIGURE 47 EMERSON: COMPANY SNAPSHOT
TABLE 172 EMERSON: PRODUCTS OFFERED
11.1.8 LEGRAND
TABLE 173 LEGRAND: COMPANY OVERVIEW
FIGURE 48 LEGRAND: COMPANY SNAPSHOT
TABLE 174 LEGRAND: PRODUCTS OFFERED
TABLE 175 LEGRAND: DEALS, MAY 2017–MARCH 2019
11.1.9 PILLER POWER SYSTEMS
TABLE 176 PILLER POWER SYSTEMS: COMPANY OVERVIEW
FIGURE 49 PILLER POWER SYSTEMS: COMPANY SNAPSHOT
TABLE 177 PILLER POWER SYSTEMS: PRODUCTS OFFERED
TABLE 178 PILLER POWER SYSTEMS: PRODUCT LAUNCHES, JANUARY 2020– AUGUST 2020
TABLE 179 PILLER POWER SYSTEMS: DEALS, JANUARY 2018–APRIL 2021
11.1.10 AMETEK POWERVAR
TABLE 180 AMETEK POWERVAR: COMPANY OVERVIEW
FIGURE 50 AMETEK POWERVAR: COMPANY SNAPSHOT
TABLE 181 AMETEK POWERVAR: PRODUCTS OFFERED
TABLE 182 AMETEK POWERVAR: PRODUCT LAUNCHES, NOVEMBER 2018
TABLE 183 AMETEK POWERVAR: DEALS, NOVEMBER 2020
TABLE 184 AMETEK POWERVAR: OTHER DEVELOPMENTS, JUNE 2018
11.1.11 ACUMENTRICS
TABLE 185 ACUMENTRICS: COMPANY OVERVIEW
TABLE 186 ACUMENTRICS: PRODUCTS OFFERED
TABLE 187 ACUMENTRICS: DEALS, JUNE 2017
TABLE 188 ACUMENTRICS: OTHER DEVELOPMENTS, SEPTEMBER 2020
11.1.12 LEVITON MANUFACTURING
TABLE 189 LEVITON MANUFACTURING: COMPANY OVERVIEW
TABLE 190 LEVITON MANUFACTURING: PRODUCTS OFFERED
TABLE 191 LEVITON MANUFACTURING: DEALS, SEPTEMBER 2020– APRIL 2021
11.1.13 MTE
TABLE 192 MTE: COMPANY OVERVIEW
FIGURE 51 MTE: COMPANY SNAPSHOT
TABLE 193 MTE: PRODUCTS OFFERED
TABLE 194 MTE: PRODUCT LAUNCHES, OCTOBER 2018– MARCH 2020
TABLE 195 MTE: OTHER DEVELOPMENTS, JANUARY 2018
11.1.14 SOCOMEC
TABLE 196 SOCOMEC: COMPANY OVERVIEW
TABLE 197 SOCOMEC: PRODUCTS OFFERED
TABLE 198 SOCOMEC: PRODUCT LAUNCHES, MARCH 2018–FEBRUARY 2021
TABLE 199 SOCOMEC: DEALS, JULY 2018
11.1.15 INFINITE ELECTRONICS
TABLE 200 INFINITE ELECTRONICS: COMPANY OVERVIEW
TABLE 201 INFINITE ELECTRONICS: PRODUCTS OFFERED
TABLE 202 INFINITE ELECTRONICS: PRODUCT LAUNCHES, APRIL 2021
11.2 OTHER PLAYERS
11.2.1 ALPHA POWER SYSTEMS
11.2.2 CYBER POWER SYSTEMS
11.2.3 DRANETZ TECHNOLOGIES
11.2.4 LA MARCHE
11.2.5 S&C ELECTRIC
*Details on Business and financial overview, Products Offered, Recent Developments, SWOT Analysis, Winning imperatives, Current strategies, Weaknesses and competitive threats, right to win might not be captured in case of unlisted companies.
12 APPENDIX (Page No. - 241)
12.1 INSIGHTS OF INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.4 AVAILABLE CUSTOMIZATIONS
12.5 RELATED REPORTS
12.6 AUTHOR DETAILS
This study involved four major activities in estimating the current size of the power quality equipment market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.
Secondary Research
This research study involved the use of extensive secondary sources, directories, and databases, such as secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, the World Bank, the US DOE, and IEA, to identify and collect information useful for a technical, market-oriented study of the global market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The power quality equipment market comprises several stakeholders, such as product manufacturers, distributors, and end-users in the supply chain. The demand-side of this market is characterized by its end user, such as industrial and manufacturing, commercial, utilities, transportation, and residential. The supply side is characterized by power quality equipment OEMS, raw material providers, distributors, service providers, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the global power quality equipment market and its dependent submarkets. These
- The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
- The industry’s value chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Global Power Quality Equipment Market Size: Bottom-Up Approach
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the power quality equipment market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the market ecosystem.
Report Objectives
- To define and describe the power quality equipment market, based on equipment, phase, end user, and region
- To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze the market with respect to individual growth trends, prospects, and contributions of each segment to the market
- To analyze market opportunities for stakeholders and provide a detailed competitive landscape for market leaders
- To forecast the revenue of the market segments with respect to 5 main regions (along with countries)—North America, South America, Europe, Asia Pacific, and the Middle East & Africa
- To strategically profile key players and comprehensively analyze their market ranking and core competencies
- To track and analyze competitive developments in the power quality equipment market, such as product launches, contracts & agreements, investments & expansions, and mergers & acquisitions
Surge protection devices & Its impact on Power Quality Equipment Market
Surge protection devices (SPDs) are critical components of power quality equipment that are used to improve the electrical power quality in buildings and industrial facilities. SPDs safeguard electrical equipment against power surges caused by lightning strikes, power outages, and other electrical disturbances. Surges like these can damage or destroy sensitive electronic equipment like computers, telecommunications equipment, and medical devices.
Power quality equipment, including SPDs, has seen rapid growth in recent years, owing to increased demand for dependable and high-quality power supply in a variety of industries, including healthcare, manufacturing, data centres, and telecommunications.
By extending the reach of Surge protection devices services, companies are also creating new business opportunities. Companies are using these services to create new products and services and to drive their bottom line.
- Increased demand: As the use of electronic devices and sensitive equipment continues to grow in various industries, the demand for reliable and high-quality power supply is also increasing.
- Technological advancements: With advancements in technology, surge protection devices have become more advanced and sophisticated.
- Technological advancements: With advancements in technology, surge protection devices have become more advanced and sophisticated.
The top players in the Surge protection devices market are Schneider Electric SE, Eaton Corporation plc, Siemens AG, General Electric Company, ABB Ltd, Legrand SA, Littelfuse, Inc., Belkin International, Inc., Leviton Manufacturing Co., Inc., Phoenix Contact GmbH & Co. KG,
Some of the key industries that are going to get impacted because of the growth of Surge protection devices are,
1. Healthcare: Hospitals and other medical facilities use a wide range of sensitive electronic equipment, including diagnostic imaging machines, patient monitoring devices, and life support systems.
2. Data Centers: Data centers store and process vast amounts of digital data, and any interruption in power supply can result in significant data loss and downtime.
3. Telecommunications: Telecommunications companies rely on electronic equipment for communication, including cell towers, switching centers, and network equipment.
4. Industrial: Industrial equipment such as motor controls, variable frequency drives, programmable logic controllers, and other sensitive electronic components are susceptible to voltage spikes and transients.
5. Residential: With the increasing use of electronic devices in homes, such as smart appliances, home automation systems, and entertainment systems, the need for surge protection devices is becoming more important to protect these devices from power surges caused by lightning or other external factors.
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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:
Company Information
Detailed analyses and profiling of additional market players (up to 5)
Product Matrix, which provides a detailed comparison of the product portfolio of each company
Growth opportunities and latent adjacency in Power Quality Equipment Market