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The global power quality meter market is estimated to have a market size of USD 870.5 Million in 2016, and is projected to grow at a CAGR of 7.5% from 2016 to 2021, to reach USD 1,252.0 million by 2021. Factors such as increasing investments in renewable power projects, surge in transmission & distribution expenditure, necessity to protect electrical components and networks, and increasing construction and industrial activities across the globe are few of the major drivers for the growth of the market.
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Power Quality Meter Market by application, by End-User, by Phase and by Region - Global trends & forecasts to 2021 www.MarketsandMarkets.com
Industries & Manufacturing facilities-the key end-user of power quality meters Power quality meters primarily find major application in industries & manufacturing facilities. In 2015, industrial and manufacturing was the largest segment of the power quality meter market, and accounted for the largest share of the total market. The meters are installed at the incoming of the power source to monitor the distortions in voltage and harmonics. Any distortions and fluctuations are harmful for the equipment such as motors, servers, and others. Power quality meters are used extensively to prevent damages to expensive and critical equipment. The increasing industrial growth across the developed and developing regions would in turn raise the demand for power quality meters. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=34696492
Growing inclination toward three phase power quality meters The report also segments the power quality meter market on the basis of phase into single and three phases. Three phase power quality meters have received widespread acceptance in the past few years due to the rapid industrialization & commercialization. The three phase power quality meter market is expected to grow at the highest CAGR during the forecast period. Single phase meters are portable and handheld and therefore are used by various electricians. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=34696492
Browse >> 67 market data tables 46figures 142 pagesand in-depth TOC on “Power Quality Meter Market- Global Forecast to 2021” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 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.
North America is expected to dominate the power quality meter market In this report, the power quality meter market has been analysed with respect to five regions, namely, Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. North America is estimated to dominate the market, owing to factors such as industrialization, effective smart grid initiatives, high investments in the upgradation of transmission & distribution infrastructure, energy-efficiency measures, and renewable projects. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=34696492
Target Audience: • Power quality meter manufacturers, dealers, and suppliers • Raw material providers • Consulting companies in power sector • Government and research organizations • Government utility providers • Private utility providers • Private customers • Network operators • Metering companies • Venture capital firms • Investment banks • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=34696492
Key players - • The Power Quality Meter Market, in terms of developments was dominated by: • ABB Ltd. (Switzerland), • Siemens AG (Germany), • General Electric (U.S.), • Schneider Electric SE (France), • Eaton Corporation (Ireland). • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=34696492
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