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Power Quality Meter Market was valued at US$ 18.67 Bn in 2021 and is expected to reach US$ 38.60 Bn by 2029 at a CAGR of 9.5% during a forecast period.
Power Quality Meter Market Overview:
The Power Quality Meter market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Power Quality Meter Market, as well as the reasons for variations in the industry's growth between regions.
Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
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Segmentation:
Power quality meters are widely used across all industrial verticals for the analysis of electrical parameters, which are related to the flow of electricity. When continuous monitoring of a three-phase system is required, the power quality meter is an excellent solution. Current, voltage, real and reactive power, energy utilization, cost of power, power factor, and frequency are all measured by the power quality meter device. Engineers and electricians use these meters to collect real-time measurements and data for a thorough analysis of the power quality meter. Power quality meters are used in a wide range of applications in the industrial, manufacturing, and commercial sectors, including transformers, feeders, motors, motor control centers, and other equipment.
The energy management industry is growing as a result of substantial transformations in global electrical power systems, such as decarbonization, decentralization, and digitization. This growth is assisting advanced power quality meter manufacturers in constructing a line of next-generation power quality instruments that monitor, record, and analyze crucial electrical patterns in order to improve energy efficiency, process performance, and cost. As a result of the growing demand for energy management solutions, demand for energy and power quality meters is expected to grow across the globe.
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Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
. The biggest players in the Power Quality Meter market are as follows:
• Emerson
• FLIR Systems
• Fluke Corporation
• Hioki E.E. Corporation
• Honeywell International
• Itron
• ABB Ltd.
• General Electric
• Schneider Electric SE
• Eaton
• Accuenergy Ltd
Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Power Quality Meter market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Power Quality Meter Market:
Due to a break in operations, end-user sectors where Power Quality Meter are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Power Quality Meter manufacturers, impacting the growth of the Power Quality Meter market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Power Quality Meter .
Key Questions Answered in the Power Quality Meter Market Report are:
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