Power Quality Equipment For Data Centers Is Fastest Growing Segment Fueling The Growth Of Power Quality Equipment Market
The global Power Quality Equipment Market is estimated to be valued at Us$ 31.33 Bn in 2023 and is expected to exhibit a CAGR Of 6.5% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Power quality equipment helps maintain the proper functioning of critical infrastructure by controlling voltage fluctuations, harmonics, sags, and transients that can damage sensitive electronic equipment. Power quality equipment monitors and protects data center infrastructure from disturbances in power supply. The growing construction of large data centers across industries is driving demand for power quality equipment to ensure uninterrupted power supply.
Market Overview:
Power quality equipment consists of voltage regulators, UPS systems, surge protectors and filters that help provide clean and disturbance free power for sensitive equipment. These enable critical operations to function reliably without any disruptions caused by power disturbances.
Market key trends:
One of the key trends in the power quality equipment market is the growing integration of AI and IoT capabilities. Major players are focusing on developing intelligent power quality equipment integrated with sensors, cloud connectivity and data analytics capabilities. This allows remote monitoring of power distribution infrastructure for disturbances and predictive maintenance. The real-time data collected can help take preventive actions to minimize downtime and outages of critical systems.
Segment Analysis
The global power quality equipment market is segmented on the basis of equipment, end-user and geography. Based on equipment, the market has been divided into UPS systems, surge protectors, voltage regulators,
strips and filters, surge protectors and filters. Among these, the UPS systems segment dominates the market as UPS systems help maintain constant power supply and protect equipment from power fluctuations. They have wide applications across residential, commercial and industrial sectors.
Key Takeaways
The Global Power Quality Equipment Market Demand is expected to witness high growth, exhibiting CAGR of 6.5% over the forecast period, due to increasing industrialization and infrastructure development across emerging economies.
Regional analysis
By region, the Asia Pacific region is expected to dominate the global market and witness fastest growth over the forecast period. This is attributed to robust industrial and infrastructure development in countries like China and India. Europe and North America are also significant markets due to developed industrial and commercial sectors.
Key players
Key players operating in the power quality equipment market are Hitachi Energy Ltd., Siemens AG, EATON Corporation plc, Emerson Electric Company, Schneider Electric SE, General Electric Company, Toshiba Corporation, Schaffner Holding AG, MTE Corporation, Active Power Inc. and Others. Hitachi Energy Ltd. and Siemens AG lead the market owing to their wide product portfolio and global presence.
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