Pune, India, June 2, 2017 /MRFR Press Release/- Market research future published a half cooked research report on Global Power quality equipment market. The Power quality equipment market is expected to grow over the CAGR of around 5.5% during the period 2017 to 2023.
The major driver for the growth of the power quality equipment market can be attributed to the rapid increase in the demand for the protection systems embedded in the electronic devices. The boom in the alternative energy programs and the standardization in the quality of the power quality are also expected to drive the growth of the power quality equipment market. The working of many end user industries such as electronics, automotive and manufacturing among others are facing problems related to the non-uniform power quality. This has in turn lead to an increased use of the power quality equipment by these end-user industries. However, the growth of this market is expected to be restrained by the high cost of installation of these power quality equipment.
Market Research Analysis
The Asia-Pacific region is expected to grow the fastest in the Power quality equipment market owing to the initiatives undertaken for clean energy with the objective of meeting the large scale demand for energy. The region is also offering huge opportunities for foreign direct investments which is in turn leading to the growth of the power quality equipment market in the Asia-pacific region. The increase in investments for the improved infrastructure, majorly in the developing nations of India and China are further expected to contribute to the growth of the power quality equipment market. The growth is further expected to be driven by the huge investments in smart cities which include distribution through smart meters.
Global Power quality equipment market
Scope of the Report
This study provides an overview of the global Power quality equipment market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Power quality equipment market by its equipment, phase, application and region.
The key players of Power quality equipment market are ABB, Ltd. (Switzerland), Active Power, Inc. (U.S.), Eaton Corporation, PLC (Republic of Ireland), Emerson Electric Co. (U.S.), General Electric (U.S.), MTE Corporation (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Smiths Group plc. (U.K.) and Toshiba Corporation (Japan) among others.
Access Report Details @ https://www.marketresearchfuture.com/reports/power-quality-equipment-market-3088
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