Power Quality Improvement Equipment Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 8.1 Billion by 2030, growing at a CAGR of 6.3% from 2024 to 2030.
The global Power Quality Improvement Equipment market was valued at approximately USD 5.6 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. This growth trajectory is driven by increasing industrial automation, expanding data center infrastructures, and the rising need for energy efficiency. The market's expansion reflects heightened investments in advanced technologies designed to mitigate power quality issues such as voltage sags, harmonics, and power factor imbalances. As industries and utilities adopt more sophisticated power management systems, the demand for power quality improvement equipment is expected to rise substantially. Emerging markets present significant opportunities for growth in the power quality improvement sector. Regions such as Asia-Pacific and Latin America are witnessing rapid industrialization and urbanization, which contribute to increasing power quality challenges and subsequently drive the need for improved equipment. Additionally, the growing adoption of renewable energy sources and the proliferation of electric vehicles are anticipated to further bolster the market. These trends highlight a substantial opportunity for market participants to capitalize on the expanding demand for power quality solutions in these high-growth regions.
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ABB
Siemens
Schneider
Eaton
GE Grid Solutions
Ducati energia S.p.A.
Socomec
LOVATO Electric
ICAR SpA
Captech
Hubbell
KBR Kompensationsanlagenbau GmbH
Terasaki
Shimatsu
Rongxin Power Electronic
Sieyuan Electric
Mitsubishi Electric
Hitachi
Toshiba
S&C Electric
Hangzhou Yinhu Electric
AMSC
Xian XD Power
Weihan
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Power Quality Improvement Equipment Market
Commercial Utility
Industrial Utility
Public Power Supply
Based on Types the Market is categorized into Below types that held the largest Power Quality Improvement Equipment market share In 2023.
Power Capacitor
AC reactor
Active Power Filter
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Power Quality Improvement Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Power Quality Improvement Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Power Quality Improvement Equipment Market, By Type
6. Global Power Quality Improvement Equipment Market, By Application
7. Global Power Quality Improvement Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Power Quality Improvement Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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