GITNUX MARKETDATA REPORT 2024

Power Quality Equipment Industry Statistics

The power quality equipment industry is expected to witness a steady growth rate due to increasing demand for reliable electricity supply and technological advancements in power quality solutions.

With sources from: marketsandmarkets.com, grandviewresearch.com, veraciousstatisticsresearch.com, energiasmarketresearch.com and many more

Statistic 1

Global Power Quality Equipment Market was valued at USD 33.3 Billion in 2017.

Statistic 2

The market is expected to reach USD 40.85 billion by 2022 at a CAGR of 6.56%.

Statistic 3

The UPS segment held the largest market share in the Power Quality Equipment Market in 2016.

Statistic 4

North America is expected to lead the global Power Quality Equipment Market during 2017-2022.

Statistic 5

The power quality equipment industry registers substantial growth from Commercial Sector, accounting for a market share of nearly 32% in 2018.

Statistic 6

Asia-Pacific is expected to grow at the fastest rate of 7.55% until 2022.

Statistic 7

The harmonic filter segment of the power quality equipment market is expected to grow at a CAGR of 6.65% from 2017 to 2022.

Statistic 8

Emerging economies have an estimated growth of up to 7.5% per year in the power quality equipment industry.

Statistic 9

Industrial end-use segment in power quality equipment industry is anticipated to attain a growth rate of 7.6% till 2025.

Statistic 10

The static VAR compensator segment is projected to attain a CAGR of 8.3% in the power quality equipment industry during forecast period.

Statistic 11

The electrical power quality equipment market is set to surpass USD 40 billion by 2026, according to a new research report.

Statistic 12

The Power Quality Equipment having Demand Overload is expected to grow at CAGR of 7.89% from 2017 to 2022.

Statistic 13

The single phase power quality equipment segment is projected to witness significant growth of nearly 5.8% over the forecast period.

Statistic 14

In 2019, Latin America accounted for just 3.9% of the world’s total revenue for the power quality equipment market.

Statistic 15

Residential segment is anticipated to grow at a CAGR of 5% in Power Quality Equipment Market during the forecast period.

Statistic 16

The Power Quality Equipment market revenue was 28.45 Billion USD in 2019 and will reach 41.81 Billion USD in 2025, with a CAGR of 6.64% during 2020-2025.

Statistic 17

The industrial vertical segment accounted for the largest portion of the power quality equipment market in 2018, with a share of 62.4%.

Statistic 18

In terms of Power Quality Equipment Product type, the Uninterruptible Power Supply (UPS) category held the largest market share of 22.6% in 2018.

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In this post, we will explore a comprehensive overview of the power quality equipment industry, highlighting key statistics and trends shaping the market landscape. From the market size and growth projections to regional insights and segment analysis, the data presented offers valuable insights into the current state and future prospects of the global power quality equipment market. Let’s dive into the numbers that define this dynamic industry.

Statistic 1

"Global Power Quality Equipment Market was valued at USD 33.3 Billion in 2017."

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Statistic 2

"The market is expected to reach USD 40.85 billion by 2022 at a CAGR of 6.56%."

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Statistic 3

"The UPS segment held the largest market share in the Power Quality Equipment Market in 2016."

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Statistic 4

"North America is expected to lead the global Power Quality Equipment Market during 2017-2022."

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Statistic 5

"The power quality equipment industry registers substantial growth from Commercial Sector, accounting for a market share of nearly 32% in 2018."

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Statistic 6

"Asia-Pacific is expected to grow at the fastest rate of 7.55% until 2022."

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Statistic 7

"The harmonic filter segment of the power quality equipment market is expected to grow at a CAGR of 6.65% from 2017 to 2022."

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Statistic 8

"Emerging economies have an estimated growth of up to 7.5% per year in the power quality equipment industry."

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Statistic 9

"Industrial end-use segment in power quality equipment industry is anticipated to attain a growth rate of 7.6% till 2025."

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Statistic 10

"The static VAR compensator segment is projected to attain a CAGR of 8.3% in the power quality equipment industry during forecast period."

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Statistic 11

"The electrical power quality equipment market is set to surpass USD 40 billion by 2026, according to a new research report."

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Statistic 12

"The Power Quality Equipment having Demand Overload is expected to grow at CAGR of 7.89% from 2017 to 2022."

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Statistic 13

"The single phase power quality equipment segment is projected to witness significant growth of nearly 5.8% over the forecast period."

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Statistic 14

"In 2019, Latin America accounted for just 3.9% of the world’s total revenue for the power quality equipment market."

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Statistic 15

"Residential segment is anticipated to grow at a CAGR of 5% in Power Quality Equipment Market during the forecast period."

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Statistic 16

"The Power Quality Equipment market revenue was 28.45 Billion USD in 2019 and will reach 41.81 Billion USD in 2025, with a CAGR of 6.64% during 2020-2025."

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Statistic 17

"The industrial vertical segment accounted for the largest portion of the power quality equipment market in 2018, with a share of 62.4%."

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Statistic 18

"In terms of Power Quality Equipment Product type, the Uninterruptible Power Supply (UPS) category held the largest market share of 22.6% in 2018."

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Interpretation

The global power quality equipment industry is experiencing significant growth, driven by various segments such as UPS, harmonic filters, emerging economies, and industrial end-use applications. Asia-Pacific is poised to be a key growth region, with a high CAGR expected until 2022. North America currently leads the market, but other regions like Latin America and emerging economies are also showing promising growth rates. The industry is projected to surpass USD 40 billion in revenue by 2026, with steady growth expected in both commercial and residential sectors. Overall, the power quality equipment market is on an upward trajectory, fueled by increasing demand and advancements in technology.

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