The power quality meter is considered an ideal choice when the consistent observing of a three-phase system is demanded. It delivers the metering for voltage, current, real and reactive power energy use, power factor, cost of power and frequency. The power quality alludes to the capability of the electrical equipment consume the energy being supplied to it. In addition, such meters play an essential role in ascertaining the issue areas when an electrical system fails. Consequently, countless end users are utilizing the power quality meters to troubleshoot by finding the root cause and structure a solution to fix the problem.
According to the report analysis, ‘Global Power Quality Meters Market Status (2015-2019)
and Forecast (2020-2024) by Region, Product Type & End-Use’ states
that Eaton, General Electric, Schneider Electric, Emerson Electric Co, Danaher
Corporation, Siemens AG, ABB Ltd., Accuenergy, Honeywell International Inc., Itron
Inc., Sensus, Wasion Group Holding Ltd., Zhejiang Yongtailong Electronic Co.
Ltd and many more are the foremost entities which presently operating in the
global power quality meters market more actively for obtaining the competitive
edge, ruling around the globe, registering the great value of market share,
generating the high percentage of revenue, leading the highest market growth
and keep maintaining the governing position by spreading the awareness
connected to the advantages and applications of power quality meters, improving
the qualitative and quantitative measures of such, establishing the countless
research and development programs, increasing the features and benefits of
power quality meters, delivering the better consumer satisfaction, employing
the young and active personnel, analysing the strategies and policies of
government as well as similar entities, and decreasing the associated prices of
such.
Factors such as growing investments in renewable power projects, increment
in transmission & distribution expenditure, necessity to safeguard the
electrical components and networks, and growing construction and industrial
activities around the globe are few of the foremost drivers for the growth of
the market. Not only has this, aspects, such as the growing requirement for
power quality in industrial and manufacturing segments and the augment in smart
grid infrastructure are likely to assist the power quality equipment market
growth throughout the forecast duration.
The industrial and manufacturing sector is projected to hold the greatest
share of the power quality equipment market, by end-user, throughout the
forecast duration. Integration of variable renewable energy in power grids and
wide-ranging use of non-linear equipment presents a foremost business
opportunity for power quality equipment providers functioning across the world
in the coming future. Asia-Pacific is projected to dominate the entire power
quality equipment market due to the fast-increasing industries, augmented
adoption of renewables and frequent blackouts in non-developed countries.
For More Information, refer to
below link:-
Global
Power Quality Meters Market
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