Power Quality Equipment Market Worth $46.1 Billion by 2026 - Exclusive Report by MarketsandMarkets Power Quality Equipment Market by Equipment (UPS, Harmonic Filters, Surge Protection Devices, Voltage Regulators, Static VAR compensators, Power Quality Meters), Phase (Single and Three Phase), End User, and Region - Global Forecast to 2026 , published by MarketsandMarkets, the Power Quality Equipment Market size will grow to USD 46.1 billion by 2026 (forecast year) from USD 32.4 billion in 2021 (estimated year), at a CAGR of 7.3% during the forecast period. Reducing overall carbon footprint from electrical devices by improving power quality and maximizing financial costs and energy savings are the key factors driving the growth of the Power Quality Equipment Market. The worldwide increase in adoption of smart grid technologies and the integration variable renewable energy with power grids are expected to offer profitable opportunities for the Power Quality Equipment Market during t
by Equipment (UPS, Harmonic Filters, Surge Protection Devices, Voltage Regulators, Static VAR compensators, Power Quality Meters), Phase (Single and Three Phase), End User, and Region - Global Forecast to 2026 , published by MarketsandMarkets™, the Power Quality Equipment Market size will grow to USD 46.1 billion by 2026 (forecast year) from USD 32.4 billion in 2021 (estimated year), at a CAGR of 7.3% during the forecast period. Reducing overall carbon footprint from electrical devices by improving power quality and maximizing financial costs and energy savings are the key factors driving the growth of the Power Quality Equipment Market. The worldwide increase in adoption of smart grid technologies and the integration variable renewable energy with power grids are expected to offer profitable opportunities for the Power Quality Equipment Market during the forecast period.
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Voltage Regulators Market study by “The Insight Partners” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.
Voltage regulators are used to maintaining a constant voltage level to avoid damage to a device from varying voltage. The compulsion of voltage regulation is one of the major factors supporting the voltage regulator market’s growth. The voltage regulator market is highly fragmented with the presence of a large number of players operating in the market. One of the major challenge faced by companies in the voltage regulator market is non-uniform standards across the world.