The nature of the supply voltage determines the electric power quality. Good electric power quality reflects a steady voltage supply within the desired range. Power quality meters are mainly used for the measurement and analysis of three phase or single phase systems. These meters enable discovering and diagnosis of anomalies related to electric supply with greater precision. For this purpose, power quality meters are used in myriads of applications including metering of distribution feeders, generators, transformers, capacitor banks and motors.
MARKET DYNAMICS
The global power quality meter market is anticipated to witness high growth in the forecast period owing to factors such as the refurbishment of dated distribution infrastructure coupled with high economic growth and industrialization. Besides, growing demands for quality power is another key factor expected to fuel the growth of the power quality meter market. However, higher installation costs and lack of consumer awareness may negatively influence the market. On the other hand, increasing government initiatives to boost the power sector in the developing countries are likely to offer key growth opportunities for the major players operating in the power quality meter market.
MARKET SCOPE
The "Global Power Quality Meter Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of power quality meter market with detailed market segmentation by phase, application, vertical and geography. The global power quality meter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading power quality meter market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global power quality meter market is segmented on the basis of phase, application and vertical. Based on phase, the market is segmented as single phase and three phase. On the basis of the application, the market is segmented as equipment, substation monitoring, distribution panel and others. The market on the basis of the vertical is classified as utility, transportation, commercial, industrial, manufacturing and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global power quality meter market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The power quality meter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting power quality meter market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the power quality meter market in these regions.
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MARKET PLAYERSThe reports cover key developments in the power quality meter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from power quality meter market are anticipated to lucrative growth opportunities in the future with the rising demand for power quality meter in the global market. Below mentioned is the list of few companies engaged in the power quality meter market.
The report also includes the profiles of key power quality meter companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
-ABB Group
-Accuenergy Ltd
-Eaton Corporation
-Emerson Electric Co.
-General Electric Company
-Itron Inc.
-Schneider Electric
-Sensus (Xylem Inc)
-Siemens AG
-Wasion Group
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