Power quality is refer as the ability of an electrical equipment to consume the energy which is supplied to it. A number of the power quality issues which includes electrical harmonics, voltage instability, poor power factor, and imbalance impact on the efficiency of an electrical equipment, which have a number of consequences. High power quality ideally creates the perfect power supply which is always available, has a pure noise-free, sinusoidal wave shape, and is always within the voltage and frequency tolerances. With an increasing and varying energy demand from the various industrial processes, many loads have been regularly imposing disturbances on the grid, making the deviations from an ideal condition a frequent occurrence in many heavy industries. This is known as the poor power qualityThis growth is primarily driven by Non-uniform power quality and network reliability issues and Power quality standardization.
Globally, a noticeable market trend is evident A rise in alternative energy programs. Major Manufacturers, such as General Electric (United States), ABB, Ltd. (Switzerland), Schneider Electric SE (France), Emerson Electric Co. (United States), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), Toshiba Corporation (Japan), Legrand S.A. (France), MTE Corporation (United States) and Active Power, Inc (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Schneider Electric has signed a global partnership agreement with Nozomi Networks. Under the terms of the agreement, Schneider Electric will collaborate with Nozomi to provide customers in the industrial manufacturing and critical infrastructure segments advanced anomaly detection, vulnerability assessment and other cybersecurity solutions and services, helping them to control, prevent and mitigate risks to their operations and business performance
- Non-uniform power quality and network reliability issues
- Power quality standardization
- A rise in alternative energy programs
- High capital investment
- Lack of awareness
Urbanization and industrialization and Replacements / upgradation of aged grid infrastructure
Cost and other related issues in the power quality equipment market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Power Quality Study Sheds Light on
The Power Quality Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Power Quality industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Power Quality industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.