Power Quality Equipment Market to Eyewitness Massive Growth by 2030
The growth of the market is mainly fueled by the increasing use of sensitive electronic equipment in industrial, commercial, and residential applications, which requires better power quality solutions to avoid disruptions, downtime, and equipment failure. The growing emphasis on grid modernization and integration of renewable energy is another major driver of demand for power quality equipment. Governments...
Power Quality Equipment Market is Growing Rapidly – Increasing Adoption of Smart Grid Technologies Worldwide to Drive Market
Power Quality Equipment Market New Revenue Pockets:
The global power quality equipment market is projected to reach USD 46.1 billion by 2026 from an estimated USD 32.4 billion in 2021, at a CAGR of 7.3% during the forecast period. Reducing overall carbon footprint from electrical devices by improving power quality and maximizing financial costs and energy savings are the key factors driving the...