
Power Quality Equipment Market Size, Share & Trends Analysis Report By Equipment, By Phase (Single Phase, Three Phase), By End Use, By Region, And Segment Forecasts, 2024 - 2030
Description
Power Quality Equipment Market Size, Share & Trends Analysis Report By Equipment, By Phase (Single Phase, Three Phase), By End Use, By Region, And Segment Forecasts, 2024 - 2030
Power Quality Equipment Market Trends
The global power quality equipment market size was estimated at USD 31.82 billion in 2023 and is expected to grow at a CAGR of 6.3% from 2024 to 2030. The market growth is driven by the increasing demand for reliable and uninterrupted power supply across various industries. The rising incidence of power outages and voltage fluctuations, particularly in developing regions, underscores the need for effective power quality solutions. Additionally, the growing adoption of sensitive electronic devices and equipment, which require high power quality standards to function optimally, is propelling market growth.
The power quality equipment market is witnessing significant advancements in technology, which are enhancing the efficiency and functionality of these systems. One notable trend is the integration of Internet of Things (IoT) technology, which enables real-time monitoring and control of power quality. This allows for proactive maintenance and quick response to power disturbances, thereby minimizing downtime and operational costs. IoT-enabled power quality equipment can also provide valuable data analytics, helping organizations optimize their energy usage and improve overall power management.
Another key technological trend is the development of smart grids, which are designed to enhance the reliability and efficiency of electricity distribution. Smart grids incorporate advanced power quality equipment that can dynamically respond to changes in power demand and supply. These systems can identify and isolate faults, reroute power, and balance loads to ensure a stable and high-quality power supply. The integration of renewable energy sources into smart grids also necessitates advanced power quality solutions to manage the variable nature of these energy sources and ensure consistent power delivery.
The market presents numerous opportunities for growth, particularly in emerging economies where industrialization and urbanization are rapidly increasing. The expansion of data centers, telecommunications infrastructure, and renewable energy projects in these regions is driving the demand for reliable power quality solutions. Additionally, advancements in technology and increasing awareness about the importance of power quality are creating new avenues for market expansion. Companies that can offer innovative and cost-effective solutions tailored to the specific needs of these growing markets are well-positioned to capitalize on these opportunities.
However, the high initial investment costs and maintenance expenses can deter small and medium-sized enterprises from adopting these solutions thereby, posing as challenges for market growth. Additionally, the complexity of integrating advanced power quality equipment with existing infrastructure can pose technical challenges. There is also a need for skilled personnel to manage and maintain these systems, which can be a constraint in regions with limited technical expertise. Moreover, the rapid pace of technological advancements means that companies must continuously innovate to stay competitive, which can be a significant challenge in terms of research and development costs.
Global Power Quality Equipment Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the power quality equipment market report based on equipment, phase, end use, and region:
- Equipment Outlook (Revenue, USD Million, 2018 - 2030)
- Power Quality Meters
- Surge Protection Devices
- Harmonic Filters
- Voltage Regulators
- Uninterruptable Power Supply (UPS)
- Others
- Phase Outlook (Revenue, USD Million, 2018 - 2030)
- Single Phase
- Three Phase
- End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Residential
- Commercial
- Industrial & Manufacturing
- Utilities
- Transportation
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Middle East & Africa (MEA)
- UAE
- Kingdom of Saudi Arabia (KSA)
- South Africa
Table of Contents
130 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
- Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.2. Market Challenge Impact Analysis
- 3.3.3. Market Opportunity Impact Analysis
- 3.4. Automotive Hydraulics System Market Analysis Tools
- 3.4.1. Porter’s Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- Chapter 4. Automotive Hydraulics System Market: Sales Channel Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Automotive Hydraulics System Market: Sales Channel Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. OEM
- 4.3.1. OEM Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Aftermarket
- 4.4.1. Aftermarket Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 5. Automotive Hydraulics System Market: Component Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Automotive Hydraulics System Market: Component Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Master Cylinder
- 5.3.1. Master Cylinder Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Slave Cylinder
- 5.4.1. Slave Cylinder Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Reservoir
- 5.5.1. Reservoir Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Hose
- 5.6.1. Hose Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 6. Automotive Hydraulics System Market: On-Highway Vehicles Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Automotive Hydraulics System Market: On-Highway Vehicles Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Passenger Cars
- 6.3.1. Passenger Cars Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Light Commercial Vehicles
- 6.4.1. Light Commercial Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Heavy Commercial Vehicles
- 6.5.1. Heavy Commercial Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 7. Automotive Hydraulics System Market: Off-Highway Vehicles Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Automotive Hydraulics System Market: Off-Highway Vehicles Movement Analysis, 2023 & 2030 (USD Million)
- 7.3. Agriculture Equipment
- 7.3.1. Agriculture Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Construction Equipment
- 7.4.1. Construction Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 8. Automotive Hydraulics System Market: Application Estimates & Trend Analysis
- 8.1. Segment Dashboard
- 8.2. Automotive Hydraulics System Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 8.3. Brakes
- 8.3.1. Brakes Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Clutch
- 8.4.1. Clutch Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5. Suspension
- 8.5.1. Suspension Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6. Tappets
- 8.6.1. Tappets Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 9. Automotive Hydraulics System Market: Regional Estimates & Trend Analysis
- 9.1. Automotive Hydraulics System Market Share, By Region, 2023 & 2030, USD Million
- 9.2. North America
- 9.2.1. North America Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.2.2. U.S.
- 9.2.2.1. U.S. Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.2.3. Canada
- 9.2.3.1. Canada Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.2.4. Mexico
- 9.2.4.1. Mexico Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.3. Europe
- 9.3.1. Europe Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.3.2. UK
- 9.3.2.1. UK Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.3.3. Germany
- 9.3.3.1. Germany Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.3.4. France
- 9.3.4.1. France Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.4.2. China
- 9.4.2.1. China Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.4.3. India
- 9.4.3.1. India Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.4.4. Japan
- 9.4.4.1. Japan Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.4.5. South Korea
- 9.4.5.1. South Korea Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.4.6. Australia
- 9.4.6.1. Australia Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.5. Latin America
- 9.5.1. Latin America Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.5.2. Brazil
- 9.5.2.1. Brazil Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.6. Middle East & Africa
- 9.6.1. Middle East & Africa Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.6.2. The Kingdom of Saudi Arabia (KSA)
- 9.6.2.1. The Kingdom of Saudi Arabia (KSA) Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.6.3. UAE
- 9.6.3.1. UAE Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- 9.6.4. South Arica
- 9.6.4.1. South Africa Automotive Hydraulics System Market estimates & forecasts, 2018 - 2030 (USD Million)
- Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis by Key Market Participants
- 10.2. Company Categorization
- 10.3. Company Market Positioning
- 10.4. Company Market Share Analysis
- 10.5. Company Heat Map Analysis
- 10.6. Strategy Mapping
- 10.6.1. Expansion
- 10.6.2. Mergers & Acquisition
- 10.6.3. Partnerships & Collaborations
- 10.6.4. New Product Launches
- 10.6.5. Research And Development
- 10.7. Company Profiles
- 10.7.1. Robert Bosch GmbH.
- 10.7.1.1. Participant’s Overview
- 10.7.1.2. Financial Performance
- 10.7.1.3. Product Benchmarking
- 10.7.1.4. Recent Developments
- 10.7.2. MZW Motor
- 10.7.2.1. Participant’s Overview
- 10.7.2.2. Financial Performance
- 10.7.2.3. Product Benchmarking
- 10.7.2.4. Recent Developments
- 10.7.3. FTE Automotive Group
- 10.7.3.1. Participant’s Overview
- 10.7.3.2. Financial Performance
- 10.7.3.3. Product Benchmarking
- 10.7.3.4. Recent Developments
- 10.7.4. Schaeffler Technologies AG & Co.
- 10.7.4.1. Participant’s Overview
- 10.7.4.2. Financial Performance
- 10.7.4.3. Product Benchmarking
- 10.7.4.4. Recent Developments
- 10.7.5. ZF Friedrichshafen AG
- 10.7.5.1. Participant’s Overview
- 10.7.5.2. Financial Performance
- 10.7.5.3. Product Benchmarking
- 10.7.5.4. Recent Developments
- 10.7.6. JTEKT Corporation
- 10.7.6.1. Participant’s Overview
- 10.7.6.2. Financial Performance
- 10.7.6.3. Product Benchmarking
- 10.7.6.4. Recent Developments
- 10.7.7. Nexteer
- 10.7.7.1. Participant’s Overview
- 10.7.7.2. Financial Performance
- 10.7.7.3. Product Benchmarking
- 10.7.7.4. Recent Developments
- 10.7.8. BorgWarner Inc.
- 10.7.8.1. Participant’s Overview
- 10.7.8.2. Financial Performance
- 10.7.8.3. Product Benchmarking
- 10.7.8.4. Recent Developments
- 10.7.9. Hitachi Astemo Americas, Inc.
- 10.7.9.1. Participant’s Overview
- 10.7.9.2. Financial Performance
- 10.7.9.3. Product Benchmarking
- 10.7.9.4. Recent Developments
- 10.7.10. Warner Electric.
- 10.7.10.1. Participant’s Overview
- 10.7.10.2. Financial Performance
- 10.7.10.3. Product Benchmarking
- 10.7.10.4. Recent Developments
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