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Power Quality Equipment Market by Equipment, Phase, End-User, and Region - Global Forecast to 2022

Power Quality Equipment Market: Global Forecast until 2022

  • May 2017
  • 190 pages
  • ID: 4891745
In this report:
According to the U.K. government, the industrial energy consumption accounted for approximately ##.## Mtoe, out of which approximately ##% was contributed by electricity.
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"The power quality equipment market is estimated to rise at a compound annual growth rate of ~6.6 percent, between 2017 and 2022"

The overall power quality equipment market is valued at ~$29.7B in 2017, and is anticipated to grow at a compound annual growth rate (CAGR) of ~6.6 percent, between 2017 and 2022. The increasing demand for protection systems for electronic devices, non-uniform power quality and network reliability issues, increase in alternative energy programs, and power quality standardization are the main factors driving the power quality equipment market. Whereas some cost bearing constraints in the installation of power quality equipment are being observed, emerging economies are anticipated to create better opportunities for the power quality equipment market. Cost and other related issues are anticipated to be the main challenges for increase in the power quality equipment market.

"Uninterruptable power supply is forecasted to have the biggest market share by 2022"

With regard to the equipment segment, the Uninterruptable Power Supply segment is anticipated to constitute the biggest market by 2022. UPS is an electricity storage system that is used to reduce or avoid, negative effects and costs combined with electrical service outages and/or poor power quality. During outages, the stored energy is used to maintain power to specific end-user's electricity using electrical and electronics equipment. The UPS also filter and otherwise offset power quality anomalies, continuously. It offer stable and reliable power to serve critical safety-related loads including emergency lighting and medical equipment, reduce or avoid lost productivity, reduce or avoid production damage, avoid product or facilities damage, and reduce or avoid electricity using equipment damage. Due to its application at different end-user points, demand for UPS is the more important among all types of power quality equipment and the segment is forecasted to dominate the sector by 2022.

"Asia-Pac: The quickest increasing sector for power quality equipment"

The power quality equipment market is estimated to grow faster in the Asia-Pacific area, especially in China and India (IN). The Asia Pacific (APAC) area is moving towards clean energy on a big scale in order to meet its increasing energy needs in an efficient way. India (IN), China (CN), and Singapore (SG) are some of the potential increasing industries in the power and utilities market. Asia Pacific (APAC) also offered the biggest potential gains for foreign direct investment and attracted 45.0 percent of all the capital investment, globally, in 2015. Increased investments in modernizing infrastructure and urbanizing populations, especially in developing economies including China and India (IN), is predicted to push the Asia-Pacific power quality equipment market. The Chinese market was, by far, the biggest in the world in terms of infrastructure development in 2015. A growth in market investments in smart grid technologies and smart cities that contain distribution grid automation, smart meters, and demand response systems in countries including Japan, South Korea (KR), and Australia (AU) would create possibilities for the power quality equipment market.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 60.0 percent, Tier 2 27.0 percent, Tier 3 13.0 percent

By Designation: C-Level- 35.0 percent, Director Level- 25.0 percent, Others- 40.0 percent

By area: Americas- 40.0 percent, Europe- 19.0 percent, Asia-pac- 17%, Middle East - 15.0 percent, and Africa - 9.0 percent

Note: Others contain sales managers, product managers, and design engineers

The tier of the company has been defined on the basis of its total revenue, as of 2013: Tier 1 = > $1.0B, Tier 2 = From $1.0B to $500.0M, and Tier 3 = < $500.0M

Some of the prominent actors in the power quality equipment market contain ABB, Limited, Siemens (SIA), Schneider Electric (SU), Emerson Electric Company, Eaton (NYSE:ETN), Plc, and General electric Company.

Segment Research

The market research defines, depicts, and forecasts the overall power quality equipment market by equipment, by end-user, by phase, and by area. It also provides a in-depth qualitative and quantitative analysis of the market. The industry report offers a comprehensive review of the main market drivers, industry restraints, alternatives, opportunities, winning imperatives, and main issues. It also includes different important aspects of the market.

Why acquire this industry report?

1. The study determines and addresses main markets for power quality equipment, which would help providers review the rise in the industry demand for the product.

2. The analysis benefits solution providers distinguish the pulse of the sector and offers business insights into drivers, market restraints, and opportunities.

3. The market research will facilitate top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions.

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