- In July 2024, Hitachi Energy, based in Zurich, revealed an investment of 80 million euros (approximately USD 87 million) to expand its transformer operations in Spain. This initiative is part of a broader USD 1.5 billion investment aimed at boosting global transformer production to meet increasing demand. The funds will be used to enlarge the Power Transformers facility in Cordoba to over 32,000 square meters
- In July 2024, GE Vernova’s Electrification, headquartered in Massachusetts, announced a research and development contract with four German Transmission System Operators (TSOs). The R&D partnership with TenneT TSO GmbH, 50Hertz Transmission GmbH, Amprion GmbH, and Transnet BW GmbH focuses on designing and engineering a Multi-terminal/Multi-hub High-voltage Direct Current (HVDC) connection solution, supporting the future high-voltage grid for Germany and Europe's energy transition
- In September 2023, AMETEK, Inc., with headquarters in Panama, announced its acquisition of United Electronic Industries (UEI), a prominent provider of data acquisition and control solutions for the aerospace, defense, energy, and semiconductor sectors. UEI specializes in designing and manufacturing high-performance test, measurement, simulation, and control solutions, enabling customers to create smart, reliable, flexible, and durable systems
- In January 2021, Eaton completed the acquisition of Tripp Lite, a provider of power quality products and connectivity solutions. This move aimed to enhance Eaton's edge computing and distributed IT product portfolio while expanding its single-phase uninterruptible power supply (UPS) business
- In March 2021, Siemens acquired a 99.2% stake in C&S Electric India to address the growing demand for low-voltage power distribution in the country. This acquisition also seeks to establish an export hub for low-voltage products, as well as distribution and protection measurement devices
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
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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.
