Power quality equipment involves all types of equipment that help in ensuring stable, steady, and continuous power supply to various applications. Uninterrupted power supply system (UPS) system, power conditioners, reactors, energy meters, inductors, power meters, surge protective devices, harmonic correction unit, line voltage regulators, harmonic filters, static VAR compensators, frequency converter are a few power quality equipment widely used across the globe. UPS held the largest revenue share among all the indicated equipment in 2020.
General Electric Company.; Schneider Electric SE. Siemens AG and Hitachi ABB Power Grids Group. – PROMINENT MARKET PARTICIPANTS IN POWER QUALITY EQUIPMENT MARKET
Every industry across the globe requires a stable and uniform power supply to efficiently perform its operational functions. The developing regions face power fluctuation instances such as voltage sags/dips and swells due to abrupt increase in loads. Short circuits, loose connections, or faults can damage equipment, thereby leading to huge production and financial losses. Power quality equipment prevents such occurrences and provides a stable voltage supply. As North America is characterized by large manufacturing industries and a robust economy, it holds a significant market share for power quality equipment. APAC has enormous growth potential owing to fast-growing countries such as China, India, and Taiwan and developed nations such as Japan and Australia. Rising population, increasing disposable income, and rapid urbanization in APAC are factors propelling the demand for consumer goods. Several manufacturing industries work in tandem to meet consumer needs.
The major players profiled in the market study of the global power quality equipment market include Acumentrics, Emerson Electric Co., AMETEK Inc., Eaton, General Electric Company, Schneider Electric SE, Siemens AG, Toshiba Energy Systems & Solutions Corporation, Hitachi ABB Power Grids Group, and Piller Group GmbH. In addition to these players, several other essential market players have been studied and analyzed to get a holistic view of the global power equipment market and its ecosystem.
Most of the market initiatives were observed in Europe region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| 2021 | Schneider Electric’s newly launched Galaxy VL, a modular, compact and scalable 3-phase UPS in the 200 – 500 kW range, now features redesigned Galaxy Lithium-ion battery cabinets in order to provide more sustainable and high-density energy storage solution for industrial processes, data centers and critical infrastructure. | Europe |
| 2021 | Hitachi ABB Power Grids will be providing state owned Egyptian Electricity Transmission Company with high performance grid stabilization technology to improve the power quality and expand transmission capacity in the strategic Owainat development area in southwest Egypt. | Europe |
| 2021 | Piller’s advanced UB-V Series (UB-V) Electrically Coupled UPS (EC UPS) range is designed for use in every industrial application and offers protection and sustainability at scale. The product is suitable for almost every type of deployment like securing power at large scale industrial and manufacturing sites, airports, oil and gas sites and healthcare environments. | Europe |
