“Increasing Demand for Reliable Power Supply”
The increasing demand for a reliable power supply is being driven by the growth of industrialization and the expanding commercial sector. Power quality equipment is being adopted to ensure that sensitive equipment operates without interruptions or damage due to power fluctuations. The frequent occurrences of power surges, voltage drops, and electrical noise are prompting the use of these systems across various industries. The requirement for improved power reliability in critical sectors, such as healthcare and data centers, is also a significant factor contributing to the market growth.
Frequently Asked Questions
The market is segmented based on Segmentation, By Equipment Type (Dynamic Voltage Restorers (DVR), Capacitor Banks, Inductive Reactors, Surge Protection Devices, Harmonic Filters, Power Conditioning Units, Power Distribution Units, Voltage Regulators, Digital Static Transfer Switches, Static VAR Compensators, Solid Oxide Fuel Cells, Isolation Transformers, and Power Quality Meters), Phase (Single Phase and Three Phase), Application (Residential, Commercial, Industrial and Manufacturing, and Transportation and Utilities), End User (Telecommunications, Automotive and Industrial, Electrical and Electronics, and Energy and Utilities) – Industry Trends and Forecast to 2031
.
The Global Power Quality Equipment Market size was valued at USD 39.59 USD Billion in 2023.
The Global Power Quality Equipment Market is projected to grow at a CAGR of 5.6% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America.
