Global Non-Volatile Memory Market Research Report: Forecast to 2023

Global Power Quality

Equipment Market Research
Report: Forecast to 2025

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 Global Non-Volatile Memory Market Research Report: Forecast to 2023

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 Global Non-Volatile Memory Market Research Report: Forecast to 2023

Summary

The global power quality equipment market was studied by Market Research Future (MRFR). Through the study, it
was ascertained that the market will garner a projected CAGR of 5.5% during the forecast period between 2017 and
2023.

Power quality is typically based upon a number of key parameters. Some of the most common parameters include
harmonics, current, flicker, voltage, power, and transients that are handled by a power quality measurement
equipment. This equipment are capable of handling multiple disturbances. One of the primal factors driving the usage
of power quality measurement is its characteristic of handling multiple disturbances in measurements. As it is difficult
to project in advance the disturbances that may occur and what might lead to a potential fault, it is highly important
to use instruments that boasts multiple disturbance detection capabilities.

Power quality monitoring equipment are embedded within the system itself for improved accuracy in terms of
measurement and ease of access. This equipment majorly aims at reducing the usage in a system, wherein the
entire work of measurement can be performed with a single or a couple of units. As the system blossoms, the
scalability related to the equipment subsequently increases, thereby making it possible to analyze various meters
simultaneously.

The major driver for the growth of the power quality equipment market in the rapid increase in the trends for
digitization in the telecommunication industry. The increase in the demand for power is also leading to the increase
in the use of power quality equipment. The increase in demand for protection systems in the electronic devices, the
increase in the adoption of alternative sources of energy and the standardization of power quality are some of the
factors contributing to the growth of the power quality equipment market. As per the study conducted by Market
Research Future, the global market for power quality equipment is likely to grow at the CAGR of around 6%.

Power quality is addressed characteristically on a number of constraints. Common constraints such as flicker,
current, harmonics, voltage dips, power, voltage, and transients are controlled by power quality measurement
equipment. This equipment are able to handle multiple turbulences. The fact that instruments which can handle
multiple turbulences measurements is the prime reason for its usage in power quality measurement because these
turbulences tend to become a potential fault condition. It is difficult to forecast in advance what kind of disturbances
may result in a potential fault; therefore, instruments with multiple disturbance detection competences are
implemented into use.

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 Global Non-Volatile Memory Market Research Report: Forecast to 2023

Competitive Landscape

The global power quality equipment market comprises a number of key players. Some of the most prominent and
emerging players were noted down by MRFR in its report. This includes names like Eaton Corporation, PLC
(Republic of Ireland), ABB, Ltd. (Switzerland), Active Power, Inc. (U.S.), MTE Corporation (U.S.), Emerson Electric
Co. (U.S.), Schneider Electric SE (France), Toshiba Corporation (Japan), General Electric (U.S.), Siemens AG
(Germany), Smiths Group plc. (U.K.) and others.

Market Segmentation

The global power quality equipment market is segmented as per equipment, application, and phase.

By phase, the market comprises single phase and three phase.

By equipment, the market divides into power quality meters, UPS, static VAR compensator, and others.

By application, the market includes energy and utilities, telecommunications, automotive and industrial, electronics,
and others.

Regional Analysis

The global power quality equipment market is regionally analyzed and covers the following five geographical
territories: Middle East & Africa, Europe, North America, South America, and the Asia Pacific.
The North American region is projected to hold the dominating portion in the global power quality equipment market
over the forecast period. The region is slated to grow in the coming years due to a number of key factors. The
presence of the US is one of the key drivers, as the nation significantly contributes to the overall growth of the market.
The nation is investing majorly in various protection systems in order to promote urbanized infrastructure
development. The region has an age-old T&D infrastructure owing to which the region is much more prone to power
outages. According to a calculation, approximately 6% of the total generated electricity is lost usually during the
distribution and transmission phase from the grid over to the consumer. The US government, in particular, is laying
its focus on restructuring grid in order to tackle this issue. It has been reported that multi-billion dollar investments in
data centers and urban infrastructure for the telecommunications industry have opened the power quality equipment
market demand. Additionally, the growing demand from the public infrastructure coupled with various new renewable
power projects are anticipated to push the growth opportunities for the market in the near future.

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 Global Non-Volatile Memory Market Research Report: Forecast to 2023

Industry Updates:

June 2019, ABB announced the launch of its two new solutions named MicroSCADA X and SDA50 at the
International Conference and Exhibition of 2019. The solutions are aimed at pushing the digital transformation of
power grids.

In September 2017 – ABB announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions
business. GE Industrial Solutions has deep customer relationships in more than 100 countries and an established
installed base with strong roots in North America, ABB’s biggest market.
In December 2017 – Siemens further expands its leadership role in industrial digitalization. Siemens is the first
company worldwide to set up 20 centers for digital customer applications in the industrial sector.
In October 2016 – Power management company Eaton announced that it has expanded its line of popular PowerXL
Series DG1 Power Quality Equipment to include a new, more powerful Frame 6 option. Designed for global
commercial, industrial and original equipment manufacturer (OEM) customers, the new Eaton engineered drive
increases available power from 150 to 250 horsepower (hp), affording customers’ greater agility, reliability, and safety
for their applications.

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 Global Non-Volatile Memory Market Research Report: Forecast to 2023

owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.

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