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Power Quality Equipment Market to Witness A Phenomenal Growth by 2026

The power quality equipment market size will grow to USD 46.1 billion by 2026 (forecast year) from USD 32.4 billion in 2021 (estimated year), at a CAGR of 7.3% during the forecast period. Reducing overall carbon footprint from electrical devices by improving power quality and maximizing financial costs and energy savings are the key factors driving the growth of the power quality equipment market. The worldwide increase in adoption of smart grid technologies and the integration variable renewable energy with power grids are expected to offer profitable opportunities for the power quality equip

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Power Quality Equipment Market to Witness A Phenomenal Growth by 2026

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  1. Power Quality Equipment Market by Equipment (UPS, Harmonic Filters, Surge Protection Devices, Voltage Regulators, Static VAR compensators, Power Quality Meters), Phase (Single and Three Phase), End User, and Region - Global Forecast to 2026 www.MarketsandMarkets.com

  2. The power quality equipment market size will grow to USD 46.1 billion by 2026 (forecast year) from USD 32.4 billion in 2021 (estimated year), at a CAGR of 7.3% during the forecast period. Reducing overall carbon footprint from electrical devices by improving power quality and maximizing financial costs and energy savings are the key factors driving the growth of the power quality equipment market. The worldwide increase in adoption of smart grid technologies and the integration variable renewable energy with power grids are expected to offer profitable opportunities for the power quality equipment market during the forecast period. View detailed Table of Content here -https://www.marketsandmarkets.com/Market-Reports/power-quality-equipment-market-110225967.html

  3. The industrial and manufacturing segment is expected to be the largest power quality equipment market, by end user, during the forecast period. Based on end user, the power quality equipment market has been segmented into industrial and manufacturing, commercial, utilities, transportation, and residential. The industrial and manufacturing segment is projected to hold the largest market size of the power quality equipment market from 2021 to 2026. The growth of this segment is driven by rise in demand for uninterrupted power supply to machines used in manufacturing and process industries as any interruption or breakdown can result in significant losses due to the loss of production time. Utilities are the key consumer of power quality equipment owing to the fact that the sheer size of electrical networks operated by utilities is larger than the industrial and transportation electric infrastructures Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=110225967

  4. The three phase segment, by phase, is expected to be the largest market from 2021 to 2026. The report segments the power quality equipment segment, by phase, is segmented into single phase and three phase. The three phase segment is projected to lead the power quality equipment market from 2020 to 2026. Three-phase power quality equipment are used in utilities, along with industrial and transportation sectors since three phase is commonly used by consumers globally. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=110225967

  5. Browse >> 202 market data tables 51 figures 249 pagesand in-depth TOC on “Power Quality Equipment Market - Global Forecast to 2026” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $4950 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  6. Asia Pacific likely to emerge as the fastest growing power quality equipment market by region, during the forecast period. In this report, the power quality equipment market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, Middle East & Africa. Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia Pacific region has been segmented, by country, China, Japan, India, and the Rest of Asia Pacific (South Korea, Australia, Thailand, Vietnam, and Malaysia).  Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=110225967

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Power Quality Equipment Market. These include • Siemens (Germany), • ABB (Switzerland), • Eaton (Ireland), • Schneider Electric (France), • General Electric (US) and many more... • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=110225967

  8. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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