Power Quality Equipment Market
Rising Adoption of Power Quality Equipment in SMEs due to Ongoing Expansion of Transmission & Renewable Integration to Drive Sales. Explore Key Strategies to get an Edge over your Competitors with FMI’s Exclusive Report Focusing on 30+ Countries
Power Quality Equipment Market By Type, Application, Phase, End Use & Region - Forecast 2023 - 2033
Power Quality Equipment Market Outlook
The power quality equipment market size is estimated to be worth US$ 38.04 Bn in 2023 and is projected to reach US$ 69.65 Bn by 2033. The sales of power-quality equipment are likely to rise at a CAGR of 6.25% during the forecast period. Major market growth drivers include:
- The demand for power-quality equipment is growing since these devices serve as electrical filters by decreasing or eliminating hazardous harmonics and reshaping the sinewave to ensure the longevity of electrical systems.
- Power quality equipment is designed so that it can be incorporated into power grids to guarantee a constant supply of reliable power.
- Power quality equipment manufacturers provide affordable products that help prevent damages and early equipment aging, loss of production, data, and work, unexpected shutdowns, poor performance, and capacitor bank failures, which, in turn, saves money and energy.
- Power quality equipment can help meet the growing demand for continuous power supply and machines in developing economies around the world. This, in turn, is expected to fuel the market's expansion throughout the forecast period.
- The rise in building and construction activities and the rapid growth of the manufacturing sector are both contributing factors.
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The Increasing Need for Power Quality in the Manufacturing and Industrial Sectors
One of the drivers significantly propelling the global market for power quality equipment toward expansion is the widespread acceptance of power quality equipment in the manufacturing and industrial sectors as a result of the ongoing development of transmission, distribution, and renewable integration. Additionally, the market is growing as a result of the rising need for a reliable power supply and the need for smart grid infrastructure to guarantee power quality.
Along with considerable research and development (R&D) operations, other factors, including the numerous initiatives taken by governments of different nations to enhance the industrial sector and the rise in disposable income in upgrading the current grid systems, are promoting market expansion globally.
Power Grid Integration of Renewable Energy Sources to Act as Lucrative Opportunities for Players
Power quality is a crucial aspect of integrating renewable energy. One of the primary problems with power quality is voltage and frequency fluctuations, which are brought on by the uncontrollable variability of renewable energy sources. Another issue with power quality brought on by the integration of renewable energy is harmonics, which are produced by power electronic equipment utilized for renewable energy generation.
The market for power quality equipment has attractive growth potential as load balancing prevents electrical equipment from tripping. In addition to this, the food and beverage business has also expanded significantly in recent years. Preference for packaged food as well as packaged dairy products has increased as a result of rising health concerns, expanding urbanization, and international government initiatives.
|
Report Attribute |
Details |
|
Power Quality Equipment Market Value (2023) |
US$ 38.04 Bn |
|
Power Quality Equipment Market Anticipated Value (2033) |
US$ 69.65 Bn |
|
Power Quality Equipment Market CAGR (2023-2033) |
6.25% |
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Talk to AnalystHistorical outlook Vs future forecasts for Power Quality Equipment Market
According to Future Market Insights, the market for power quality equipment rose at a CAGR of 7.26% from US$ 13.68 Bn in 2018 to US$ 22.02 Bn in 2022.
During the forecast period, poor power quality is likely to have a significant detrimental influence on manufacturing and industrial processes. Varied industrial processes demand different levels of power quality, and each has specific needs for certain power quality aspects. Cost-sensitive aspects of power quality for industrial end users include equipment failure, equipment downtime, product quality, and clean-up costs.
The market is anticipated to grow at a CAGR of 6.25% during 2023-2033, surpassing US$ 69.65 Bn by 2033.
- Short Term (2022 to 2025): Major factor propelling the expansion of the manufacturing sector is an increase in demand for continuous power supply to equipment used in process and manufacturing industries. Due to the loss of manufacturing time, any malfunction or disruption may cause considerable losses.
- Medium Term (2025 to 2028): Factors significantly propelling the global market for power quality equipment toward expansion is the widespread acceptance of power quality equipment in the industrial and manufacturing sectors as a result of the ongoing growth of transmission, distribution, and renewable integration.
- Long Term (2028 to 2032): The costs of power quality issues and solutions may differ significantly depending on the type of issue, the rating, and the electromechanical performance characteristics of the industrial equipment. These factors have made the adoption of power quality equipment significant to reduce downtime costs, eliminate inefficiencies, and safeguard expensive equipment from malfunctions brought on by power disturbances.
Comparative Analysis of Adjacent Markets
Power Quality Equipment Market:
|
Attributes |
Power Quality Equipment Market |
|
CAGR (2023-2033) |
6.25% |
|
Value (2033) |
US$ 69.65 Bn |
|
Trends |
With growing health concerns, greater urbanization, and international government initiatives, packaged food, and dairy products have become popular. |
|
Opportunities |
Owing to weight balancing's ability to stop electrical equipment from tripping, the market for technology that improves power quality has enticing growth potential. |
Power Quality Meter Market:
|
Attributes |
Power Quality Meter Market |
|
CAGR (2023-2033) |
7.5% |
|
Value (2033) |
US$ 2.982 Bn |
|
Trends |
An increase in transmission and distribution costs, as well as investments in renewable energy projects. |
|
Opportunities |
Increasing industrial and building activity throughout the globe present lucrative opportunities. |
Energy and Power Quality Meters Market:
|
Attributes |
Energy and Power Quality Meters Market |
|
CAGR (2023-2033) |
7.3% |
|
Value (2033) |
US$ 4.85 Bn |
|
Trends |
Surging energy and power demand in a variety of industrial sectors, including automotive, transportation, mining, metallurgy, and others. |
|
Opportunities |
Globally, there has been a tremendous increase in the production, transmission, and distribution of energy and power as a result of rapid industrialization. |
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Category-Wise Insights
Three-Phase Segment to Account for More than 70% of Market Share During the Forecast Period
By 2033, the three-phase segment is anticipated to dominate the market for power quality equipment. Since three-stage is frequently used by customers worldwide, three-stage power quality equipment is used in utilities as well as modern and transportation areas. The modern and assembling classification is anticipated to receive the largest share of the pie between 2023 and 2033.
The power quality equipment industry is expanding as a result of the rising demand for continuous power supply to the hardware used in manufacturing and assembly operations, where any interruption or setback can result in significant losses due to missed production time. Due to the size of their electrical organizations, which are greater than modern and transportation electric frameworks, utilities are the main consumers of high-quality equipment.
Industrial and Manufacturing Applications to Rule the Market
From 2023 to 2033, the industrial and manufacturing segment is anticipated to have the greatest market size. The demand for uninterrupted power supply to equipment used in manufacturing and process industries is increasing, which is driving the expansion of this market segment. Any interruption or breakdown can result in large losses due to the loss of production time. Since the scale of the electrical networks managed by utilities is greater than that of the industrial and transportation electric infrastructures, utilities are the main consumers of power quality equipment.
Telecommunications End User Segment to Lead the Market
The telecommunications segment is anticipated to experience the most growth in the global market for power quality equipment throughout the forecast period, with a CAGR of 4.5% from 2023 to 2033 and a market valuation of more than US$ 20 Bn by the end of 2033. The telecommunications segment is expected to have a revenue share of more than 35% by the end of 2033 in the global market for power quality equipment, recording an incremental potential of US$ 10 Bn during the forecast period.
Regional Analysis of the Power Quality Equipment Market
United States Dominates the Global Power Quality Equipment Industry
The United States is likely to dominate the global market for power quality equipment due to the growing digitalization of the broadcast communications sector. Additionally, the market expansion is anticipated to be fueled by increased natural consciousness. Large end-clients of power quality products are the district's rapidly expanding modern and collecting regions, telecom sector, and business region. With a CAGR of 4.2% during 2023 and 2033, the media correspondences segment is anticipated to be the primary end client area in the United States' power quality equipment industry during the forecast period.
Why Germany Leads the Europe Power Quality Equipment Industry?
Europe's rapidly expanding industrial and manufacturing industry, telecom sector, and commercial sector are among the major end-users of power quality equipment. During the projected timeframe, favorable overnment regulations and rising investment in the region's power industry are anticipated to increase the demand for power quality equipment in Germany. Additionally, the region's electricity consumption has been rising sharply in recent years due to urbanization and population growth, which is also anticipated to lead to a major increase in the demand for power quality equipment in Europe.
Significant Trends Hovering the Japan Power Quality Equipment Industry
The manufacturing industry is one of the main drivers of economic growth in Japan accounting for most of the world's manufacturing production. From 2023 to 2033, the market for power quality equipment in Japan is anticipated to expand at a CAGR of 5.5%. The biggest contributors from Japan are anticipated to witness an increase in their share throughout the projection period.
South Korea Power Quality Equipment Industry Outlook
South Korea said in 2021 that it will devote US$ 451 Bn over the following ten years completely to local semiconductor production. This funding would come from a combination of tax incentives, government support programs, and business investment pledges. 74% of revenue in 2021 came from the three-phase sector.
During the forecast period, favorable government regulations and rising investment in the region's power industry are anticipated to increase the demand for power quality equipment. Additionally, the region's demand for electricity has been rising sharply in recent years due to urbanization and population growth, which is also anticipated to lead to a major increase in the demand for power quality equipment there.
What are the Players in the Power Quality Equipment Industry Doing?
The largest end-use sector in terms of energy consumption is the industrial sector, which comprises mining, manufacturing, agriculture, and construction. The demand for power quality equipment is projected to increase due to these industries' growing need for a consistent and reliable power supply, especially industrial facilities.
In addition, recent years have seen a complete filling of the food and beverage industry. Interest in packaged food varieties and handled dairy products has increased as a result of the expanding urban population, growing health concerns, and general government initiatives. For example, in 2020, the Indian government approved 134 food-handling projects spread over a few states.
- ABB Ltd.
To address a variety of power quality issues for electrical networks, ABB introduced its new multi-functional power quality and energy storage solutions, dubbed PQflexC, PQdynaC, PQStorI, PQactiF, and PQoptiM, in November 2018. ABB and the government-owned Egyptian Electricity Transmission Company inked a contract in February 2021. (EETC). This agreement's goals include enhancing electricity quality and increasing Egyptian Electricity Transmission Company's transmission capacity in southwest Egypt's strategically important Owainat growth area.
Key Market Players
- Toshiba Corporation
- General Electric Company
- ABB Ltd.
- Schneider Electric
- Emerson Electric Company
- Siemens AG
- Eaton Corporation Plc.
- MTE Corporation
- Active Power Inc.
- Smith’s Group plc.
Recent Developments in the Power Quality Equipment Industry
- Siemens Energy received three contracts from ESB in May 2021 to supply its Static Compensator technology (SVC Plus) to control grid stability at three substations in South-West Ireland.
- The Schaffner firm introduced its Ecosine Max line of passive harmonic filters in March 2020. According to IEEE-519 and other international power quality standards, these harmonic filters provide compliance.
- Eaton purchased Tripp Lite in January 2021, a provider of connectivity and power quality solutions, to broaden its offering of edge computing and distributed IT products and grow its single-phase UPS business.
Power Quality Equipment Market Report Scope
|
Attribute |
Details |
|
Forecast period |
2023-2033 |
|
Historical data available for the year |
2018 to 2022 |
|
Market analysis |
US$ Mn in value |
|
Key countries covered |
US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa |
|
Key segments covered |
|
|
Key companies profiled |
|
|
Report Coverage |
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
|
Customization & Pricing |
Available upon Request |
Key Market Segmentation
By Type:
- Surge Arrester
- Surge protection devices
- Harmonic filters
- Power conditioning units
- Power distribution units
- Voltage regulators
- Uninterruptable power supplies
- Synchronous condensers
- Digital static transfer switches,
- Static VAR compensators
- Solid oxide fuel cells
- Isolation transformers
- Power quality meters
By Application:
- Industrial & Manufacturing
- Commercial
- Residential
- Transportation
- Utilities
By Phase:
- Single Phase
- Three Phase
By End User:
- Telecommunications
- Automotive & Industrial
- Electrical & Electronics
- Energy & Utilities
- Others
Frequently Asked Questions
The power quality equipment market size is assessed to be US$ 69.65 Mn in 2033.
The power quality equipment market is expected to rise at a CAGR of 6.25% during the forecast period.
Toshiba Corporation, General Electric Company, ABB Ltd., Schneider Electric, and Emerson Electric Company
The United States is projected to lead the power quality equipment market over the forecast period.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018-2022 and Forecast, 2023-2033
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2018-2022
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2023-2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Equipment
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Equipment, 2018-2022
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Equipment, 2023-2033
5.3.1. Uninterruptable Power Supply
5.3.2. Static VAR Compensator
5.3.3. Power Quality Meters
5.3.4. Others
5.4. Y-o-Y Growth Trend Analysis By Equipment, 2018-2022
5.5. Absolute $ Opportunity Analysis By Equipment, 2023-2033
6. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Phase
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Phase, 2018-2022
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Phase, 2023-2033
6.3.1. Single Phase
6.3.2. Three Phase
6.4. Y-o-Y Growth Trend Analysis By Phase, 2018-2022
6.5. Absolute $ Opportunity Analysis By Phase, 2023-2033
7. Global Market Analysis 2018-2022 and Forecast 2023-2033, By End User
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By End User, 2018-2022
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By End User, 2023-2033
7.3.1. Industrial & Manufacturing
7.3.2. Commercial
7.3.3. Residential
7.3.4. Transportation
7.3.5. Utilities
7.4. Y-o-Y Growth Trend Analysis By End User, 2018-2022
7.5. Absolute $ Opportunity Analysis By End User, 2023-2033
8. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2018-2022
8.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2023-2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018-2022 and Forecast 2023-2033, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022
9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2023-2033
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Equipment
9.2.3. By Phase
9.2.4. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Equipment
9.3.3. By Phase
9.3.4. By End User
9.4. Key Takeaways
10. Latin America Market Analysis 2018-2022 and Forecast 2023-2033, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022
10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2023-2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Equipment
10.2.3. By Phase
10.2.4. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Equipment
10.3.3. By Phase
10.3.4. By End User
10.4. Key Takeaways
11. Europe Market Analysis 2018-2022 and Forecast 2023-2033, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022
11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2023-2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. U.K.
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Equipment
11.2.3. By Phase
11.2.4. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Equipment
11.3.3. By Phase
11.3.4. By End User
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018-2022 and Forecast 2023-2033, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022
12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2023-2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Equipment
12.2.3. By Phase
12.2.4. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Equipment
12.3.3. By Phase
12.3.4. By End User
12.4. Key Takeaways
13. MEA Market Analysis 2018-2022 and Forecast 2023-2033, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2018-2022
13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2023-2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Equipment
13.2.3. By Phase
13.2.4. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Equipment
13.3.3. By Phase
13.3.4. By End User
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. U.S.
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Equipment
14.1.2.2. By Phase
14.1.2.3. By End User
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Equipment
14.2.2.2. By Phase
14.2.2.3. By End User
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Equipment
14.3.2.2. By Phase
14.3.2.3. By End User
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Equipment
14.4.2.2. By Phase
14.4.2.3. By End User
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Equipment
14.5.2.2. By Phase
14.5.2.3. By End User
14.6. U.K.
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Equipment
14.6.2.2. By Phase
14.6.2.3. By End User
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Equipment
14.7.2.2. By Phase
14.7.2.3. By End User
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Equipment
14.8.2.2. By Phase
14.8.2.3. By End User
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Equipment
14.9.2.2. By Phase
14.9.2.3. By End User
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Equipment
14.10.2.2. By Phase
14.10.2.3. By End User
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Equipment
14.11.2.2. By Phase
14.11.2.3. By End User
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Equipment
14.12.2.2. By Phase
14.12.2.3. By End User
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Equipment
14.13.2.2. By Phase
14.13.2.3. By End User
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Equipment
14.14.2.2. By Phase
14.14.2.3. By End User
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Equipment
14.15.2.2. By Phase
14.15.2.3. By End User
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Equipment
14.16.2.2. By Phase
14.16.2.3. By End User
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Equipment
14.17.2.2. By Phase
14.17.2.3. By End User
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Equipment
14.18.2.2. By Phase
14.18.2.3. By End User
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Equipment
14.19.2.2. By Phase
14.19.2.3. By End User
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Equipment
14.20.2.2. By Phase
14.20.2.3. By End User
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Equipment
15.3.3. By Phase
15.3.4. By End User
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. ABB Ltd.
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. General Electric Company
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Schneider Electric
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Siemens AG
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Emerson Electric
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Eaton Corporation Plc
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Active Power Inc.
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. MTE Corporation
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Smiths Group plc.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Toshiba Corporation
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ Mn) Forecast by Region, 2018-2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018-2033
Table 3: Global Market Value (US$ Mn) Forecast by Equipment, 2018-2033
Table 4: Global Market Volume (Units) Forecast by Equipment, 2018-2033
Table 5: Global Market Value (US$ Mn) Forecast by Phase, 2018-2033
Table 6: Global Market Volume (Units) Forecast by Phase, 2018-2033
Table 7: Global Market Value (US$ Mn) Forecast by End User, 2018-2033
Table 8: Global Market Volume (Units) Forecast by End User, 2018-2033
Table 9: North America Market Value (US$ Mn) Forecast by Country, 2018-2033
Table 10: North America Market Volume (Units) Forecast by Country, 2018-2033
Table 11: North America Market Value (US$ Mn) Forecast by Equipment, 2018-2033
Table 12: North America Market Volume (Units) Forecast by Equipment, 2018-2033
Table 13: North America Market Value (US$ Mn) Forecast by Phase, 2018-2033
Table 14: North America Market Volume (Units) Forecast by Phase, 2018-2033
Table 15: North America Market Value (US$ Mn) Forecast by End User, 2018-2033
Table 16: North America Market Volume (Units) Forecast by End User, 2018-2033
Table 17: Latin America Market Value (US$ Mn) Forecast by Country, 2018-2033
Table 18: Latin America Market Volume (Units) Forecast by Country, 2018-2033
Table 19: Latin America Market Value (US$ Mn) Forecast by Equipment, 2018-2033
Table 20: Latin America Market Volume (Units) Forecast by Equipment, 2018-2033
Table 21: Latin America Market Value (US$ Mn) Forecast by Phase, 2018-2033
Table 22: Latin America Market Volume (Units) Forecast by Phase, 2018-2033
Table 23: Latin America Market Value (US$ Mn) Forecast by End User, 2018-2033
Table 24: Latin America Market Volume (Units) Forecast by End User, 2018-2033
Table 25: Europe Market Value (US$ Mn) Forecast by Country, 2018-2033
Table 26: Europe Market Volume (Units) Forecast by Country, 2018-2033
Table 27: Europe Market Value (US$ Mn) Forecast by Equipment, 2018-2033
Table 28: Europe Market Volume (Units) Forecast by Equipment, 2018-2033
Table 29: Europe Market Value (US$ Mn) Forecast by Phase, 2018-2033
Table 30: Europe Market Volume (Units) Forecast by Phase, 2018-2033
Table 31: Europe Market Value (US$ Mn) Forecast by End User, 2018-2033
Table 32: Europe Market Volume (Units) Forecast by End User, 2018-2033
Table 33: Asia Pacific Market Value (US$ Mn) Forecast by Country, 2018-2033
Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2018-2033
Table 35: Asia Pacific Market Value (US$ Mn) Forecast by Equipment, 2018-2033
Table 36: Asia Pacific Market Volume (Units) Forecast by Equipment, 2018-2033
Table 37: Asia Pacific Market Value (US$ Mn) Forecast by Phase, 2018-2033
Table 38: Asia Pacific Market Volume (Units) Forecast by Phase, 2018-2033
Table 39: Asia Pacific Market Value (US$ Mn) Forecast by End User, 2018-2033
Table 40: Asia Pacific Market Volume (Units) Forecast by End User, 2018-2033
Table 41: MEA Market Value (US$ Mn) Forecast by Country, 2018-2033
Table 42: MEA Market Volume (Units) Forecast by Country, 2018-2033
Table 43: MEA Market Value (US$ Mn) Forecast by Equipment, 2018-2033
Table 44: MEA Market Volume (Units) Forecast by Equipment, 2018-2033
Table 45: MEA Market Value (US$ Mn) Forecast by Phase, 2018-2033
Table 46: MEA Market Volume (Units) Forecast by Phase, 2018-2033
Table 47: MEA Market Value (US$ Mn) Forecast by End User, 2018-2033
Table 48: MEA Market Volume (Units) Forecast by End User, 2018-2033
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Figure 1: Global Market Value (US$ Mn) by Equipment, 2023-2033
Figure 2: Global Market Value (US$ Mn) by Phase, 2023-2033
Figure 3: Global Market Value (US$ Mn) by End User, 2023-2033
Figure 4: Global Market Value (US$ Mn) by Region, 2023-2033
Figure 5: Global Market Value (US$ Mn) Analysis by Region, 2018-2033
Figure 6: Global Market Volume (Units) Analysis by Region, 2018-2033
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023-2033
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023-2033
Figure 9: Global Market Value (US$ Mn) Analysis by Equipment, 2018-2033
Figure 10: Global Market Volume (Units) Analysis by Equipment, 2018-2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Equipment, 2023-2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Equipment, 2023-2033
Figure 13: Global Market Value (US$ Mn) Analysis by Phase, 2018-2033
Figure 14: Global Market Volume (Units) Analysis by Phase, 2018-2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Phase, 2023-2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Phase, 2023-2033
Figure 17: Global Market Value (US$ Mn) Analysis by End User, 2018-2033
Figure 18: Global Market Volume (Units) Analysis by End User, 2018-2033
Figure 19: Global Market Value Share (%) and BPS Analysis by End User, 2023-2033
Figure 20: Global Market Y-o-Y Growth (%) Projections by End User, 2023-2033
Figure 21: Global Market Attractiveness by Equipment, 2023-2033
Figure 22: Global Market Attractiveness by Phase, 2023-2033
Figure 23: Global Market Attractiveness by End User, 2023-2033
Figure 24: Global Market Attractiveness by Region, 2023-2033
Figure 25: North America Market Value (US$ Mn) by Equipment, 2023-2033
Figure 26: North America Market Value (US$ Mn) by Phase, 2023-2033
Figure 27: North America Market Value (US$ Mn) by End User, 2023-2033
Figure 28: North America Market Value (US$ Mn) by Country, 2023-2033
Figure 29: North America Market Value (US$ Mn) Analysis by Country, 2018-2033
Figure 30: North America Market Volume (Units) Analysis by Country, 2018-2033
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 33: North America Market Value (US$ Mn) Analysis by Equipment, 2018-2033
Figure 34: North America Market Volume (Units) Analysis by Equipment, 2018-2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Equipment, 2023-2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Equipment, 2023-2033
Figure 37: North America Market Value (US$ Mn) Analysis by Phase, 2018-2033
Figure 38: North America Market Volume (Units) Analysis by Phase, 2018-2033
Figure 39: North America Market Value Share (%) and BPS Analysis by Phase, 2023-2033
Figure 40: North America Market Y-o-Y Growth (%) Projections by Phase, 2023-2033
Figure 41: North America Market Value (US$ Mn) Analysis by End User, 2018-2033
Figure 42: North America Market Volume (Units) Analysis by End User, 2018-2033
Figure 43: North America Market Value Share (%) and BPS Analysis by End User, 2023-2033
Figure 44: North America Market Y-o-Y Growth (%) Projections by End User, 2023-2033
Figure 45: North America Market Attractiveness by Equipment, 2023-2033
Figure 46: North America Market Attractiveness by Phase, 2023-2033
Figure 47: North America Market Attractiveness by End User, 2023-2033
Figure 48: North America Market Attractiveness by Country, 2023-2033
Figure 49: Latin America Market Value (US$ Mn) by Equipment, 2023-2033
Figure 50: Latin America Market Value (US$ Mn) by Phase, 2023-2033
Figure 51: Latin America Market Value (US$ Mn) by End User, 2023-2033
Figure 52: Latin America Market Value (US$ Mn) by Country, 2023-2033
Figure 53: Latin America Market Value (US$ Mn) Analysis by Country, 2018-2033
Figure 54: Latin America Market Volume (Units) Analysis by Country, 2018-2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 57: Latin America Market Value (US$ Mn) Analysis by Equipment, 2018-2033
Figure 58: Latin America Market Volume (Units) Analysis by Equipment, 2018-2033
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Equipment, 2023-2033
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Equipment, 2023-2033
Figure 61: Latin America Market Value (US$ Mn) Analysis by Phase, 2018-2033
Figure 62: Latin America Market Volume (Units) Analysis by Phase, 2018-2033
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Phase, 2023-2033
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Phase, 2023-2033
Figure 65: Latin America Market Value (US$ Mn) Analysis by End User, 2018-2033
Figure 66: Latin America Market Volume (Units) Analysis by End User, 2018-2033
Figure 67: Latin America Market Value Share (%) and BPS Analysis by End User, 2023-2033
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by End User, 2023-2033
Figure 69: Latin America Market Attractiveness by Equipment, 2023-2033
Figure 70: Latin America Market Attractiveness by Phase, 2023-2033
Figure 71: Latin America Market Attractiveness by End User, 2023-2033
Figure 72: Latin America Market Attractiveness by Country, 2023-2033
Figure 73: Europe Market Value (US$ Mn) by Equipment, 2023-2033
Figure 74: Europe Market Value (US$ Mn) by Phase, 2023-2033
Figure 75: Europe Market Value (US$ Mn) by End User, 2023-2033
Figure 76: Europe Market Value (US$ Mn) by Country, 2023-2033
Figure 77: Europe Market Value (US$ Mn) Analysis by Country, 2018-2033
Figure 78: Europe Market Volume (Units) Analysis by Country, 2018-2033
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 81: Europe Market Value (US$ Mn) Analysis by Equipment, 2018-2033
Figure 82: Europe Market Volume (Units) Analysis by Equipment, 2018-2033
Figure 83: Europe Market Value Share (%) and BPS Analysis by Equipment, 2023-2033
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Equipment, 2023-2033
Figure 85: Europe Market Value (US$ Mn) Analysis by Phase, 2018-2033
Figure 86: Europe Market Volume (Units) Analysis by Phase, 2018-2033
Figure 87: Europe Market Value Share (%) and BPS Analysis by Phase, 2023-2033
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Phase, 2023-2033
Figure 89: Europe Market Value (US$ Mn) Analysis by End User, 2018-2033
Figure 90: Europe Market Volume (Units) Analysis by End User, 2018-2033
Figure 91: Europe Market Value Share (%) and BPS Analysis by End User, 2023-2033
Figure 92: Europe Market Y-o-Y Growth (%) Projections by End User, 2023-2033
Figure 93: Europe Market Attractiveness by Equipment, 2023-2033
Figure 94: Europe Market Attractiveness by Phase, 2023-2033
Figure 95: Europe Market Attractiveness by End User, 2023-2033
Figure 96: Europe Market Attractiveness by Country, 2023-2033
Figure 97: Asia Pacific Market Value (US$ Mn) by Equipment, 2023-2033
Figure 98: Asia Pacific Market Value (US$ Mn) by Phase, 2023-2033
Figure 99: Asia Pacific Market Value (US$ Mn) by End User, 2023-2033
Figure 100: Asia Pacific Market Value (US$ Mn) by Country, 2023-2033
Figure 101: Asia Pacific Market Value (US$ Mn) Analysis by Country, 2018-2033
Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2018-2033
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 105: Asia Pacific Market Value (US$ Mn) Analysis by Equipment, 2018-2033
Figure 106: Asia Pacific Market Volume (Units) Analysis by Equipment, 2018-2033
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Equipment, 2023-2033
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Equipment, 2023-2033
Figure 109: Asia Pacific Market Value (US$ Mn) Analysis by Phase, 2018-2033
Figure 110: Asia Pacific Market Volume (Units) Analysis by Phase, 2018-2033
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Phase, 2023-2033
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Phase, 2023-2033
Figure 113: Asia Pacific Market Value (US$ Mn) Analysis by End User, 2018-2033
Figure 114: Asia Pacific Market Volume (Units) Analysis by End User, 2018-2033
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by End User, 2023-2033
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by End User, 2023-2033
Figure 117: Asia Pacific Market Attractiveness by Equipment, 2023-2033
Figure 118: Asia Pacific Market Attractiveness by Phase, 2023-2033
Figure 119: Asia Pacific Market Attractiveness by End User, 2023-2033
Figure 120: Asia Pacific Market Attractiveness by Country, 2023-2033
Figure 121: MEA Market Value (US$ Mn) by Equipment, 2023-2033
Figure 122: MEA Market Value (US$ Mn) by Phase, 2023-2033
Figure 123: MEA Market Value (US$ Mn) by End User, 2023-2033
Figure 124: MEA Market Value (US$ Mn) by Country, 2023-2033
Figure 125: MEA Market Value (US$ Mn) Analysis by Country, 2018-2033
Figure 126: MEA Market Volume (Units) Analysis by Country, 2018-2033
Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 129: MEA Market Value (US$ Mn) Analysis by Equipment, 2018-2033
Figure 130: MEA Market Volume (Units) Analysis by Equipment, 2018-2033
Figure 131: MEA Market Value Share (%) and BPS Analysis by Equipment, 2023-2033
Figure 132: MEA Market Y-o-Y Growth (%) Projections by Equipment, 2023-2033
Figure 133: MEA Market Value (US$ Mn) Analysis by Phase, 2018-2033
Figure 134: MEA Market Volume (Units) Analysis by Phase, 2018-2033
Figure 135: MEA Market Value Share (%) and BPS Analysis by Phase, 2023-2033
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Phase, 2023-2033
Figure 137: MEA Market Value (US$ Mn) Analysis by End User, 2018-2033
Figure 138: MEA Market Volume (Units) Analysis by End User, 2018-2033
Figure 139: MEA Market Value Share (%) and BPS Analysis by End User, 2023-2033
Figure 140: MEA Market Y-o-Y Growth (%) Projections by End User, 2023-2033
Figure 141: MEA Market Attractiveness by Equipment, 2023-2033
Figure 142: MEA Market Attractiveness by Phase, 2023-2033
Figure 143: MEA Market Attractiveness by End User, 2023-2033
Figure 144: MEA Market Attractiveness by Country, 2023-2033
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