Market Overview:
The global power quality measurement devices market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for power quality measurement devices from industrial, commercial and residential applications. Additionally, the growing awareness about the benefits of using power quality measurement devices is also contributing to the growth of this market. Based on type, wiring and grounding test devices accounted for the largest share of the global power quality measurement devices market in 2017. This segment is expected to continue its dominance during the forecast period due to its wide applicability in various industries such as automotive, aerospace & defense and electrical & electronics.
Product Definition:
Power quality measurement devices are used to measure the power quality in a circuit. This can be used to help diagnose and troubleshoot problems with the power supply. The importance of power quality measurement devices is that they can help ensure that the power supplied to electronic equipment is clean and consistent, which can help prevent equipment damage or failure.
Wiring and Grounding Test Devices:
Wiring and grounding test devices are used to determine the quality of electric connections in a power system. The factors that propel the growth of this market include growing demand for power quality measurement devices, increasing awareness about electrical safety, and stringent government regulations pertaining to electricity consumption.
The wiring & grounding test device is an essential tool for any modern industrial facility’s maintenance department as it ensures compliance with several codes and standards related to electrical safety.
Multimeters:
Multimeters are electronic devices used for measuring electrical quantities. It is a two-in-one device that acts as an electric meter and a diagnostic tool at the same time. The most commonly used multimeter in power quality measurement devices is the digital type which has advantages over conventional analog multimeters such as it can be programmed to display different values according to the application, it provides accurate measurements even under adverse environmental conditions, and also has features like battery checker etc.
Application Insights:
The industrial segment dominated the global power quality measurement devices market in 2017, accounting for over 60.0% share of the overall revenue. The growing demand for PQM devices to measure and analyze electrical and mechanical noise is one of the key factors driving this growth. Industrial applications include oil & gas, chemical, petrochemical, pulp & paper mills among others which require noise analysis to check if there are any abnormalities or defects in manufacturing process or equipment operation.
The commercial segment is expected to witness significant growth over the forecast period owing to increasing number of hospitals and corporate offices across various regions including North America.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing awareness about power quality measurement devices, growing industrialization and commercialization in emerging countries such as China and India, along with rising investments in distribution network improvement projects by public utilities.
The European region accounted for a significant share of revenue owing to early adoption of power quality measurement devices technologies by industries such as oil & gas, manufacturing, automotive and others. Moreover, stringent regulatory norms pertaining to emission standards are anticipated to drive the demand for PQDs in Europe over the forecast period. North America is also likely to witness steady growth due its high penetration of digital technology across various applications including HVAC&R (heating ventilation cooling systems), security systems among others which require accurate voltage measurements at different points within an installation or between two locations.
Growth Factors:
- Increasing demand for uninterrupted and quality power supply from various industrial and commercial sectors.
- Rapid expansion of the global data center market, especially in Asia Pacific region.
- Growing need for advanced power quality measurement devices to detect and prevent voltage sags, surges, harmonics, flicker etc.
- Rising concerns over energy efficiency and green initiatives across different industries worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Quality Measurement Devices Market Research Report
By Type
Wiring and Grounding Test Devices, Multimeters, Oscilloscopes, Disturbance Analyzers, Harmonic Analyzers
By Application
Industrial, Commercial and Residential
By Companies
CANDURA Instruments, Janitza electronics GmbH, PCE Deutschland GmbH, Fluke Corporation, Megger, Siemens AG, Honeywell International Inc., OMICRON, Eaton Corporation, Danaher Corporation, CANDURA Instruments, Schneider Electric, Gamma Scientific
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
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Power Quality Measurement Devices Market Report Segments:
The global Power Quality Measurement Devices market is segmented on the basis of:
Types
Wiring and Grounding Test Devices, Multimeters, Oscilloscopes, Disturbance Analyzers, Harmonic Analyzers
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
Industrial, Commercial and Residential
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:
- CANDURA Instruments
- Janitza electronics GmbH
- PCE Deutschland GmbH
- Fluke Corporation
- Megger
- Siemens AG
- Honeywell International Inc.
- OMICRON
- Eaton Corporation
- Danaher Corporation
- CANDURA Instruments
- Schneider Electric
- Gamma Scientific
Highlights of The Power Quality Measurement Devices 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:
- Wiring and Grounding Test Devices
- Multimeters
- Oscilloscopes
- Disturbance Analyzers
- Harmonic Analyzers
- By Application:
- Industrial
- Commercial and Residential
- 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 Measurement Devices 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 measurement devices are used to measure the power quality of an electrical system. This can include measuring voltage, current, and frequency.
Some of the major companies in the power quality measurement devices market are CANDURA Instruments, Janitza electronics GmbH, PCE Deutschland GmbH, Fluke Corporation, Megger, Siemens AG, Honeywell International Inc., OMICRON, Eaton Corporation, Danaher Corporation, CANDURA Instruments, Schneider Electric, Gamma Scientific.
The power quality measurement devices market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power Quality Measurement Devices 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 Measurement Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Quality Measurement Devices 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 Measurement Devices 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 Measurement Devices Market Size & Forecast, 2018-2028
4.5.1 Power Quality Measurement Devices Market Size and Y-o-Y Growth
4.5.2 Power Quality Measurement Devices Market Absolute $ Opportunity
Chapter 5 Global Power Quality Measurement Devices 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 Power Quality Measurement Devices Market Size Forecast by Type
5.2.1 Wiring and Grounding Test Devices
5.2.2 Multimeters
5.2.3 Oscilloscopes
5.2.4 Disturbance Analyzers
5.2.5 Harmonic Analyzers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power Quality Measurement Devices 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 Power Quality Measurement Devices Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial and Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Quality Measurement Devices 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 Measurement Devices 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 Power Quality Measurement Devices Analysis and Forecast
9.1 Introduction
9.2 North America Power Quality Measurement Devices 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 Power Quality Measurement Devices Market Size Forecast by Type
9.6.1 Wiring and Grounding Test Devices
9.6.2 Multimeters
9.6.3 Oscilloscopes
9.6.4 Disturbance Analyzers
9.6.5 Harmonic Analyzers
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 Power Quality Measurement Devices Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial and Residential
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 Power Quality Measurement Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Power Quality Measurement Devices 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 Power Quality Measurement Devices Market Size Forecast by Type
10.6.1 Wiring and Grounding Test Devices
10.6.2 Multimeters
10.6.3 Oscilloscopes
10.6.4 Disturbance Analyzers
10.6.5 Harmonic Analyzers
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 Power Quality Measurement Devices Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial and Residential
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 Power Quality Measurement Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power Quality Measurement Devices 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 Power Quality Measurement Devices Market Size Forecast by Type
11.6.1 Wiring and Grounding Test Devices
11.6.2 Multimeters
11.6.3 Oscilloscopes
11.6.4 Disturbance Analyzers
11.6.5 Harmonic Analyzers
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 Power Quality Measurement Devices Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial and Residential
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 Power Quality Measurement Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Power Quality Measurement Devices 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 Power Quality Measurement Devices Market Size Forecast by Type
12.6.1 Wiring and Grounding Test Devices
12.6.2 Multimeters
12.6.3 Oscilloscopes
12.6.4 Disturbance Analyzers
12.6.5 Harmonic Analyzers
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 Power Quality Measurement Devices Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial and Residential
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) Power Quality Measurement Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power Quality Measurement Devices 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) Power Quality Measurement Devices Market Size Forecast by Type
13.6.1 Wiring and Grounding Test Devices
13.6.2 Multimeters
13.6.3 Oscilloscopes
13.6.4 Disturbance Analyzers
13.6.5 Harmonic Analyzers
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) Power Quality Measurement Devices Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial and Residential
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 Measurement Devices Market: Competitive Dashboard
14.2 Global Power Quality Measurement Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CANDURA Instruments
14.3.2 Janitza electronics GmbH
14.3.3 PCE Deutschland GmbH
14.3.4 Fluke Corporation
14.3.5 Megger
14.3.6 Siemens AG
14.3.7 Honeywell International Inc.
14.3.8 OMICRON
14.3.9 Eaton Corporation
14.3.10 Danaher Corporation
14.3.11 CANDURA Instruments
14.3.12 Schneider Electric
14.3.13 Gamma Scientific
