Dallas, Texas, December 24, 2020 (GLOBE NEWSWIRE) – “Electricity Quality Equipment Market by Equipment (UPS, Harmonic Filters, Overvoltage Devices, Power Conditioning Unit, Static VAR Compensator and Power Quality Meters), Phase (Individual) and three-phase), end user (industrial and production, commercial, residential, transport and utilities) and by regions (North America, Europe, Asia Pacific, Latin America, Middle East and Africa), Global Forecast, 2018 to 2028. ”study provides an elaborative overview of historical, current and projected market estimates.
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The global electricity quality equipment market is projected to reach nearly $ 33.7 billion by 2028. In addition, the CAGR market is projected to grow by over 6.5% over the projected period 2020-2028. A key motivating force for the energy efficiency equipment industry is increasing energy consumption. In addition, the market is expected to be further fueled by strict government regulations on reactive power and penalties imposed on end users, along with energy efficiency policies in various countries around the world.
The report also outlines the different characteristics of the global electricity quality equipment industry by assessing the market from the value chain analysis. Moreover, the electricity quality equipment market report contains the different qualitative parts of the electricity quality equipment industry in terms of market constraints, the main drivers of the industry and opportunities. Furthermore, the report provides a comprehensive assessment of the market through company profiling and the competitiveness of local and global suppliers.
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The electricity quality equipment market has huge competition among already known and new market players. Also, players in the electricity quality equipment industry are striving for potential markets to take a leading position among other players in the industry by forming mergers and acquisitions, agreements, taking over other companies and new startups, establishing cooperation and partnerships and growing their business existence.
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Solid oxide fuel cells will represent the fastest growth on the market in the forecast period. These fuel cells are used to produce electricity, such as zirconia or calcium, using a hard ceramic metal compound as the electrolyte. The electricity produced will compensate for the reduction in the efficiency of the electricity flowing through the electricity grid. The electricity produced from these fuel cells can inject power into the electrical circuit. The factor helps maintain power quality parameters when the electrical load in the circuits is reduced. The growing digitalization of many sectors and service networks has secured high demand in North America and is projected to lead the overall energy efficiency equipment industry. Growing investment in urban infrastructure and a data center for the telecom sector provide high demand and sales in the region.
Major players in the global electricity quality equipment market are ABB, Ltd., Schneider Electric SE, Eaton Corporation, Plc, Siemens AG, General Electric Company and Emerson Electric Company. Moreover, the market includes several other prominent players in the electricity quality equipment market such as Toshiba International, Legrand SA, Smith Group, Leviton Manufacturing and Acumentrics Corporation. Major market players are coming up with some developments to boost market growth in the global industry.
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Main points of content:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Summary
Chapter 4 Market overview
Chapter 5 Electricity Quality Equipment Market by Equipment, 2018-2028 (in millions and millions of USD)
Chapter 6 Electricity Quality Equipment Market by Phase, 2018-2028 (In millions and millions of USD)
Chapter 7 Electricity quality equipment market by end-user industry, 2018-2028 (In millions and millions of US dollars)
Chapter 8 Electricity Quality Equipment Market by Region, 2018-2028 (in millions and millions of USD)
Chapter 9 The Competitive Landscape
Chapter 10 Company Profiles
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