Global Power Quality Meter Market by phase (Single Phase and Three Phase) –by application (Distribution Panels, Substation Monitoring, Equipment and Others) – by end user (Industrial & Manufacturing, Commercial, Utilities, Transportation and Others) -by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) – is expected to reach US $ XX Mn by 2027, at a CAGR of XX %.
Industries & Manufacturing segment is expected to hold a significant share in the global power quality meter market.
Power quality meters mainly find major application in industries & manufacturing sectors. These meters are fitted at the entering of the power source to display the distortions in voltage and harmonics. Any distortions and fluctuations in the output are harmful to the equipment includes motors, servers, and others. Power quality meters are used widely to avoid damages to exclusive and critical equipment. The growing industrial growth across the developed and developing regions is expected to increase demand for power quality meters.
A growing inclination toward three-phase power quality meters is expected to boost the growth in the global power quality meter market.
Based on the phase, the global power quality meter market is divided into single and three phases. Among these, three-phase power quality meters are expected to share a large amount of contribution in the power quality meter market growth owing to its extensive acceptance in industrial & commercial applications.
North America is estimated to dominate the global power quality meter market.
Based on the region, global power quality meter market is segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. North America is expected to dominate the global power quality meter market, owing to industrialization, effective smart grid initiatives, high investments in the up gradation of transmission & distribution infrastructure, energy-efficiency measures, and renewable projects.
This report comprises a study of marketing and development approaches, along with the product portfolios of leading companies. It includes the profiles of some of the leading manufacturers such as Megger, Sensus, Siemens, Valhalla Scientific, Vitrek, Wasion Group Holding, Yokogawa Test & Measurement, Zhejiang Yongtailong Electronic, B&K Precision, Danaher, Dranetz Technologies, Emerson, FLIR Systems, Fluke Corporation, HIOKI E.E. CORPORATION, Honeywell International, Itron and Keysight Technologies
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global power quality meter market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global power quality meter market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global power quality meter market positioning of competitors.
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