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2021 global power quality monitor market or increased to 8.24 billion

Release date:2016-06-20 Author: Click:

The global power quality monitor market is expected to increase from $ 1,070 million (from $ 5.73 billion) in 2016 to $ 1.252 billion in 2021 (about $ 8.24 billion), the world's power quality monitor market is expected to increase from $ 870.5 million in 2016 Yuan), during the compound annual growth rate of 7.5%. Imported capacitors

The growth of investment in power transmission and distribution infrastructure, as well as increased industrialization and infrastructure activities, are driving the development of the global power quality monitor market.

Industrial & manufacturing facilities are important end users of power quality monitors

Power quality monitor is mainly used in industrial & manufacturing facilities. In 2015, industry and manufacturing became the largest market segment, accounting for the largest share of the market. The monitor is installed in the power inlet to monitor changes in voltage and harmonics. Any fluctuations are detrimental to the engine, server, and other equipment. Power quality monitors are widely used to protect expensive and critical equipment from damage. On the contrary, industrial growth in developed and developing regions will increase the demand for power quality monitors.

Three-phase power quality monitoring equipment more and more popular

According to the phase, the report divides the market into single-phase and three-phase power quality monitors. Over the past few years, due to the rapid industrialization and commercialization, three-phase power quality monitor has been widely adopted. 2016 - 2021 years, three-phase power quality monitor is expected to increase the highest annual compound growth rate. Single-phase monitor is portable, and thus more use by electricians.

North America is expected to dominate the global market

In the report, the power quality monitor market is divided into five regions, namely the Asia-Pacific region, North America, Europe, South America, the Middle East and Africa. North America is expected to dominate the global market thanks to industrialized and effective smart grid initiatives, large investments in energy and distribution infrastructure upgrades, energy efficiency measures, renewable energy projects and other factors.

The main players in the global power quality monitor market include ABB, Germany, Siemens, the United States General Electric, France Schneider Electric, Irish Eaton Group.

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