Power Quality Equipment Market: Innovation and Product Optimization to Boost Growth

Global Market Equipment, Phase, End User: Global Opportunity Analysis and Industry Forecast, 2021–2030

PORTLAND, OREGON, UNITED STATES, March 17, 2022 /EINPresswire.com/ -- The power quality equipment is a device used to control power to ensure consistent power quality. Helps to ensure constant voltage power supply within a certain range. Network quality is usually considered based on several parameters. Standard parameters such as flicker, current, harmonics, voltage dips, power, voltage, and transients are processed by power quality measurement equipment. These devices can handle a lot of interference. The main purpose of power quality equipment is to reduce the use of multiple devices in the system. It also supports a database, can read and store data collection and analysis without delay, and can measure and analyze the required data in a short time.

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The report includes an explicit breakdown of the major driving factors, market trends, major market players, and top investment pockets. It focuses on how the recent technological encroachments have influenced the growth of the market. The state-of-the-art strategies implemented by the market players are also conferred in the report. Moreover, a depiction of how these players have assimilated several strategies to withstand the intense competition in the industry has put on immense value to the report.

Top Impacting Factors
• Power quality equipment is used in the power grid to ensure stable and continuous power flow. The power flow in the network must be within the specified voltage and frequency limits. Good network quality can save money and energy. electric equipment.
• Various power quality equipment such as harmonic filters can improve equipment performance and reduce energy costs by eliminating unwanted harmonics in electrical systems caused by nonlinear loads. Reduce the cost of power consumption and energy demand by reducing the resulting power supply voltage.
• One can improve network quality by reducing harmonics and voltage transients and compensating for phase voltages and the large amount of energy and cost saved through power quality equipment is driving the growth of the global market.

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Market Trends
• Schneider announced the launch of PowerLogic ION9000T, a new member of its advanced power quality measurement equipment portfolio at the start of year 2020.
• In January 2021, Eaton acquired Tripp Lite, a premium power and connectivity provider, to expand its distributed IT and grid computing product portfolio and expand its single-phase UPS business.
• ABB signed a contract with the state-owned Egyptian Electricity Transmission Company to improve power quality and expand the capacity of the Egyptian Electricity Transmission Company.

Competitive Analysis
Global power quality equipment market is analyzed in the report along with their business overview, operations, financial analysis, SWOT profile. The key players operating in the global Eaton, ABB, Siemens, Schneider Electric, General Electric, Toshiba, Emerson, Legrand, Honeywell, AMETEK Powervar, Piller Power Systems, Acumentrics, Leviton Manufacturing, MTE, Socomec, Infinite Electronics Duromax.

Key Benefits of the Report
• This study presents the analytical depiction of the Power Quality Equipment industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Power Quality Equipment market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the Power Quality Equipment market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed Power Quality Equipment market analysis based on competitive intensity and how the competition will take shape in coming years

KEY MARKET SEGMENTS
By Equipment
• UPS
• Harmonic Filters
• Surge Protection Devices
• Voltage Regulators
• Static VAR compensators
• Others
By Phase
• Single Phase
• Three Phase
By End User
• Residential
• Commercial
• Industrial

David Correa
Allied Analytics LLP
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