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North America Power Quality Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Equipment ; Phase ; End-Users

North America Power Quality Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Equipment ; Phase ; End-Users

  • August 2021
  • 120 pages
  • ID: 6134407
  • Format: PDF
  • The Insight Partners


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The power quality equipment market in North America is expected to grow from US$ 10,620.3 million in 2021 to US$ 15,963.1 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028.

Telecommunications have undergone significant developments in recent years.In addition to voice communications, fast data transmission services have seen continuous growth in the telecommunications market, which has led to the flourishment of more advanced telecommunication systems such as data centers, servers, and other internet-related infrastructure and equipment to efficiently offer voice and data transmission services.

However, the newly added telecommunication systems are more vulnerable to power quality problems because the electronics used for data transmission are more susceptible to sags/dips, swells, transients, and harmonics.Further, telecom equipment may trip upon the occurrence of power fluctuations in the form of voltage sags and swells due to abrupt increase in loads at the time of short circuits, loose connection or faults, and motors starting, which creates loss in communication.

Such interruptions cost telecom companies money for every minute, and it can also lead to equipment malfunction and breakdown. Thus, to overcome this power challenge, the telecom industry worldwide is adopting power quality equipment to ensure a steady supply of voltage within a defined range.

The North America power quality equipment market is segmented on the bases of equipment, phase, and end user.Based on equipment, the market is segmented into uninterruptable power supply (UPS), static VAR compensator, harmonic filters, power quality meters, and others.

The others segment is estimated to account for the largest market share in the North America power quality equipment market in 2021.Portable power equipment, power conditioners, surge protective devices, power and energy meters, solid oxide fuel cells, static transfer switches, line voltage regulators, power distribution units, reactors and inductors, and frequency converters are other types of power quality equipment available in the market.

Based on the requirement of the application, market players offer this equipment in various features, shape, sizes, efficiency, and accuracy. Clients can also ask for customized power quality equipment.

North American countries, particularly the US, faced considerable economic loss during the first two quarters of 2020 owing to the high number of COVID-19 cases.Due to various limitations and restrictions imposed by federal or state governments, manufacturing, construction, metals & mining, and commercial industries witnessed a decline in production, which led to economic slowdown in the region.

Also, the imposition of stringent containment measures allowed operations only with a limited employee count.This hampered the overall production levels in the US.

Power quality equipment help in supplying uninterrupted power in various applications; however, the demand for the same decreased significantly with the drop in the number of visitors to hotels and malls.Furthermore, the shuttering of educational institutes resulted in the low need of power quality meters in laboratories.

However, as companies began adopting to work-from-home practices, and the demand for uninterrupted power supply (UPS) systems specially designed and manufactured for residential purpose increased significantly. The power quality equipment market is expected to experience steady growth in North America after the economies return to normalcy in the coming years.

The overall North America Power quality equipment market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the North America Power quality equipment market with respect to all the segments.Also, multiple primary interviews have been conducted with industry participants to validate the data as well as to gain more analytical insights into the topic.

The participants typically involved in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America Power quality equipment market. Acumentrics., Emerson Electric Co., AMETEK Inc., Eaton., General Electric Company, Schneider Electric SE, Siemens AG, Toshiba Energy Systems & Solutions Corporation, Hitachi ABB Power Grids Group, and Piller Group GmbH are among the major players operating in the market in this region.

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