Market Overview:
The global power quality meter 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 meters from industrial and manufacturing, commercial, utilities, transportation, and other sectors. Additionally, the growing awareness about the benefits of using power quality meters is also contributing to the growth of this market.
Product Definition:
A power quality meter is a device used to measure various parameters of an electric power system. These parameters can include voltage, current, frequency, waveform distortion, and harmonics. The purpose of using a power quality meter is to help identify any abnormalities in the electrical power system so that they can be corrected. Poorly-distorted or out-of-specification electrical signals can cause problems such as equipment malfunctioning or premature failure.
Single Phase:
Single-phase power is the normal electric current that runs through a circuit with only one path for electricity to flow. The single-phase power supply has become an essential part of modern life. It is used in almost all electronic devices and equipment, including computers, LED lights, smartphones, and household appliances like refrigerators and washing machines.
Three Phase:
The three phase power quality meter is a device used to measure the voltage and current in power system. It consists of three terminals connected to the equipment or appliance which it is supposed to monitor. The most commonly used terminals are earth, neutral and supply conductors. These devices are widely utilized for monitoring distribution feeder circuits, industrial plant settings as well as commercial buildings such as data centers etc.
Application Insights:
The industry has been classified based on application into utilities, transportation, industrial & manufacturing, and commercial. The utilities segment accounted for the largest revenue share in 2017 and is projected to continue leading over the forecast period. This can be attributed to factors such as increasing demand for power quality solutions from electric power distribution companies (EDCs) across the globe. EDCs are majorly responsible for providing electricity to end-users through their grids. In addition, growing investments by governments in infrastructure development are expected to boost product demand from utility applications over the next seven years.
The industrial & manufacturing segment is anticipated to witness a significant growth rate of 5% during the same period owing to rising product adoption by medium.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rising demand for power quality meters from various end users such as manufacturing, commercial, and others in this region. China is anticipated to dominate the Asia Pacific market owing to its rapidly developing economy and high investment in infrastructure development activities.
The European power quality meter industry accounted for a share of more than 20% in 2017 owing to growing awareness regarding Power Quality Management (PQM) among utilities companies across Europe. Moreover, stringent regulatory policies by governments across Europe are driving utility companies toward adopting PQM solutions that will help them meet their compliance obligations thereby boosting product adoption over the next eight years.
Growth Factors:
- Increasing demand for electricity due to the growth of the industrial and commercial sectors
- Rapid urbanization and industrialization in developing countries
- Stringent government regulations for power quality management
- Rising awareness about the benefits of power quality meters among consumers and businesses
- Technological advancements that have led to the development of more sophisticated power quality meters
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Quality Meter Market Research Report
By Type
Single Phase, Three Phase
By Application
Industrial & Manufacturing, Commercial, Utilities, Transportation, Others
By Companies
ABB, Eaton, Electro Industries/GaugeTech, GE, Schneider Electric, Accuenergy, B&K Precision, Danaher, Dranetz Technologies, Emerson, ABB, Fluke Corporation, HIOKI E.E. CORPORATION, Honeywell International, Itron, Keysight Technologies, Megger, Xylem Inc, Siemens, Valhalla Scientific, Vitrek, Wasion Group Holding, Yokogawa Test & Measurement, ZHEJIANG YONGTAILONG ELECTRONIC
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
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Power Quality Meter Market Report Segments:
The global Power Quality Meter market is segmented on the basis of:
Types
Single Phase, Three Phase
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 & Manufacturing, Commercial, Utilities, Transportation, Others
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
- Eaton
- Electro Industries/GaugeTech
- GE
- Schneider Electric
- Accuenergy
- B&K Precision
- Danaher
- Dranetz Technologies
- Emerson
- ABB
- Fluke Corporation
- HIOKI E.E. CORPORATION
- Honeywell International
- Itron
- Keysight Technologies
- Megger
- Xylem Inc
- Siemens
- Valhalla Scientific
- Vitrek
- Wasion Group Holding
- Yokogawa Test & Measurement
- ZHEJIANG YONGTAILONG ELECTRONIC
Highlights of The Power Quality Meter 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:
- Single Phase
- Three Phase
- By Application:
- Industrial & Manufacturing
- Commercial
- Utilities
- Transportation
- Others
- 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 Meter 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
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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?
A power quality meter (PQM) is a device that measures the voltage, current, and/or power in an electrical system.
Some of the major players in the power quality meter market are ABB, Eaton, Electro Industries/GaugeTech, GE, Schneider Electric, Accuenergy, B&K Precision, Danaher, Dranetz Technologies, Emerson, ABB, Fluke Corporation, HIOKI E.E. CORPORATION, Honeywell International, Itron, Keysight Technologies, Megger, Xylem Inc, Siemens, Valhalla Scientific, Vitrek, Wasion Group Holding, Yokogawa Test & Measurement, ZHEJIANG YONGTAILONG ELECTRONIC.
The power quality meter market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power Quality Meter 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 Meter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Quality Meter 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 Meter 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 Meter Market Size & Forecast, 2018-2028
4.5.1 Power Quality Meter Market Size and Y-o-Y Growth
4.5.2 Power Quality Meter Market Absolute $ Opportunity
Chapter 5 Global Power Quality Meter 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 Meter Market Size Forecast by Type
5.2.1 Single Phase
5.2.2 Three Phase
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power Quality Meter 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 Meter Market Size Forecast by Applications
6.2.1 Industrial & Manufacturing
6.2.2 Commercial
6.2.3 Utilities
6.2.4 Transportation
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Quality Meter 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 Meter 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 Meter Analysis and Forecast
9.1 Introduction
9.2 North America Power Quality Meter 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 Meter Market Size Forecast by Type
9.6.1 Single Phase
9.6.2 Three Phase
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 Meter Market Size Forecast by Applications
9.10.1 Industrial & Manufacturing
9.10.2 Commercial
9.10.3 Utilities
9.10.4 Transportation
9.10.5 Others
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 Meter Analysis and Forecast
10.1 Introduction
10.2 Europe Power Quality Meter 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 Meter Market Size Forecast by Type
10.6.1 Single Phase
10.6.2 Three Phase
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 Meter Market Size Forecast by Applications
10.10.1 Industrial & Manufacturing
10.10.2 Commercial
10.10.3 Utilities
10.10.4 Transportation
10.10.5 Others
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 Meter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power Quality Meter 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 Meter Market Size Forecast by Type
11.6.1 Single Phase
11.6.2 Three Phase
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 Meter Market Size Forecast by Applications
11.10.1 Industrial & Manufacturing
11.10.2 Commercial
11.10.3 Utilities
11.10.4 Transportation
11.10.5 Others
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 Meter Analysis and Forecast
12.1 Introduction
12.2 Latin America Power Quality Meter 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 Meter Market Size Forecast by Type
12.6.1 Single Phase
12.6.2 Three Phase
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 Meter Market Size Forecast by Applications
12.10.1 Industrial & Manufacturing
12.10.2 Commercial
12.10.3 Utilities
12.10.4 Transportation
12.10.5 Others
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 Meter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power Quality Meter 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 Meter Market Size Forecast by Type
13.6.1 Single Phase
13.6.2 Three Phase
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 Meter Market Size Forecast by Applications
13.10.1 Industrial & Manufacturing
13.10.2 Commercial
13.10.3 Utilities
13.10.4 Transportation
13.10.5 Others
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 Meter Market: Competitive Dashboard
14.2 Global Power Quality Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Eaton
14.3.3 Electro Industries/GaugeTech
14.3.4 GE
14.3.5 Schneider Electric
14.3.6 Accuenergy
14.3.7 B&K Precision
14.3.8 Danaher
14.3.9 Dranetz Technologies
14.3.10 Emerson
14.3.11 ABB
14.3.12 Fluke Corporation
14.3.13 HIOKI E.E. CORPORATION
14.3.14 Honeywell International
14.3.15 Itron
14.3.16 Keysight Technologies
14.3.17 Megger
14.3.18 Xylem Inc
14.3.19 Siemens
14.3.20 Valhalla Scientific
14.3.21 Vitrek
14.3.22 Wasion Group Holding
14.3.23 Yokogawa Test & Measurement
14.3.24 ZHEJIANG YONGTAILONG ELECTRONIC
