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The global power quality equipment market size grew from $23.35 billion in 2022 to $24.94 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%.
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Power Quality Equipment Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032
Power Quality Equipment Segments The Business Research Company segments it’s Power Quality Equipment report as: By Equipment Surge Arresters, Surge Protection Devices, Harmonic Filters, Power Conditioning Units, Power Distribution Unit, Uninterruptable Power Supply Single Phase, Three Phase By Phase By Application Industrial & Manufacturing, Commercial, Residential, Transportation, Utilities
Market Statistics The global power quality equipment market size grew from $23.35 billion in 2022 to $24.94 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The power quality equipment market size is expected to grow to $32.58 billion in 2027 at a CAGR of 6.9%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers An increase in the demand for power is significantly driving the growth of the power quality equipment market. Trends Technological innovation is a key trend gaining popularity in the power quality equipment market. • Region Asia-Pacific was the largest region in the power quality equipment market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the power quality equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Market Players • Major players in the Power Quality Equipment are: • Eaton • ABB • Siemens • Schneider Electric • General Electric • And more. Get More Information On The Power Quality Equipment Report
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