Market Overview:
The global power quality improvement equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for power quality improvement equipment in various applications, such as LV line, MV line, and HV line. In addition, the growing awareness about the benefits of using power quality improvement equipment is also contributing to the growth of this market. Based on type, shunt capacitor accounted for the largest share of the global power quality improvement equipment market in 2017. This can be attributed to its ability to improve voltage regulation and reduce harmonic distortion levels in electrical systems. Based on application, LV line accounted for the largest share of the global power quality improvement equipment market in 2017.
Product Definition:
Power quality improvement equipment is used to improve the power quality of an electrical system. This equipment can help to reduce noise, voltage fluctuations, and harmonic distortion. The importance of power quality improvement equipment is that it can help to ensure that electrical systems operate reliably and efficiently.
Shunt Capacitor:
A shunt capacitor is a two-terminal electronic component used to store and regenerate an electrical energy. It stores the electrical energy in form of a charge and can be utilized to provide short bursts of current when needed. The device plays an important role in power quality improvement equipment market as it helps in filtering, smoothening, and conditioning the power supply before delivering it to the load.
Series Capacitor:
Series capacitor is a type of electrolytic capacitor that has two electrodes, one of which is connected to the case and the other is attached to an internal wire. It has a fixed polarity and works in parallel with an external circuit. The series connection provides higher voltage, current & capacity than the conventional parallel connection.
Application Insights:
The market is segmented by application into the LV line, MV line, and HV line. The LV power quality improvement equipment includes shunt capacitors and series capacitors. The shunt capacitor is used to improve power quality in low-frequency bands while the series capacitor improves power quality in high-frequency bands.
The HV application includes protective relays that are used to protect electronic equipment from electric shock by interrupting the current if there is a short circuit or overload condition on any of the lines or groups of lines connected to it. Various other applications include voltage regulators, motor drive units, industrial drives and test systems among others.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to growing demand from end-use industries, such as manufacturing, oil & gas and healthcare. In addition, increasing penetration of electric vehicles is also expected to drive regional growth over the forecast period.
The Asia Pacific region is anticipated to witness significant growth during the forecast years on account of rising industrialization and improving economic conditions in emerging countries such as China and India. Furthermore, favorable government policies aimed at reducing losses due to power quality issues are projected to further propel regional product demand during the same period.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and the consequent need for reliable power supply in cities
- Proliferation of electrical devices and equipment, especially in industrial applications
- Stringent government regulations on power quality
- Growing awareness among consumers about the importance of power quality
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Quality Improvement Equipment Market Research Report
By Type
Shunt Capacitor, Series Capacitor, Circuit Breaker Capacitor
By Application
LV Line, MV Line, HV Line
By Companies
ABB, Siemens, Schneider, Eaton, GE Grid Solutions, Socomec, ICAR SpA, Hubbell, KBR Kompensationsanlagenbau GmbH, ZEZ SILKO Ltd, Shimatsu, Guilin Power Capacitor, Xi‘an XD Power, Herong Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Power Quality Improvement Equipment Market Report Segments:
The global Power Quality Improvement Equipment market is segmented on the basis of:
Types
Shunt Capacitor, Series Capacitor, Circuit Breaker Capacitor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
LV Line, MV Line, HV Line
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- Schneider
- Eaton
- GE Grid Solutions
- Socomec
- ICAR SpA
- Hubbell
- KBR Kompensationsanlagenbau GmbH
- ZEZ SILKO Ltd
- Shimatsu
- Guilin Power Capacitor
- Xi‘an XD Power
- Herong Electric
Highlights of The Power Quality Improvement Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Shunt Capacitor
- Series Capacitor
- Circuit Breaker Capacitor
- By Application:
- LV Line
- MV Line
- HV Line
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Power Quality Improvement Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Power quality improvement equipment (PQIE) is a category of electrical equipment used to improve the quality of power delivered to end-users. PQIE can include devices such as voltage regulators, transformers, and capacitors that are used to stabilize voltages and currents in an electric system.
Some of the major companies in the power quality improvement equipment market are ABB, Siemens, Schneider, Eaton, GE Grid Solutions, Socomec, ICAR SpA, Hubbell, KBR Kompensationsanlagenbau GmbH, ZEZ SILKO Ltd, Shimatsu, Guilin Power Capacitor, Xi‘an XD Power, Herong Electric.
The power quality improvement equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power Quality Improvement Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Power Quality Improvement Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Quality Improvement Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Power Quality Improvement Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Power Quality Improvement Equipment Market Size & Forecast, 2020-2028
4.5.1 Power Quality Improvement Equipment Market Size and Y-o-Y Growth
4.5.2 Power Quality Improvement Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Shunt Capacitor
5.2.2 Series Capacitor
5.2.3 Circuit Breaker Capacitor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 LV Line
6.2.2 MV Line
6.2.3 HV Line
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Quality Improvement Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Power Quality Improvement Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Shunt Capacitor
9.6.2 Series Capacitor
9.6.3 Circuit Breaker Capacitor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 LV Line
9.10.2 MV Line
9.10.3 HV Line
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Shunt Capacitor
10.6.2 Series Capacitor
10.6.3 Circuit Breaker Capacitor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 LV Line
10.10.2 MV Line
10.10.3 HV Line
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Shunt Capacitor
11.6.2 Series Capacitor
11.6.3 Circuit Breaker Capacitor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 LV Line
11.10.2 MV Line
11.10.3 HV Line
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Shunt Capacitor
12.6.2 Series Capacitor
12.6.3 Circuit Breaker Capacitor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 LV Line
12.10.2 MV Line
12.10.3 HV Line
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Shunt Capacitor
13.6.2 Series Capacitor
13.6.3 Circuit Breaker Capacitor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 LV Line
13.10.2 MV Line
13.10.3 HV Line
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Power Quality Improvement Equipment Market: Competitive Dashboard
14.2 Global Power Quality Improvement Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Schneider
14.3.4 Eaton
14.3.5 GE Grid Solutions
14.3.6 Socomec
14.3.7 ICAR SpA
14.3.8 Hubbell
14.3.9 KBR Kompensationsanlagenbau GmbH
14.3.10 ZEZ SILKO Ltd
14.3.11 Shimatsu
14.3.12 Guilin Power Capacitor
14.3.13 Xi‘an XD Power
14.3.14 Herong Electric
