“Power Quality meter market projected to grow at a CAGR of 7.5% from 2016 to 2021”
The power quality meter market is projected to reach USD 1,252.0 million by 2021, growing at a CAGR of 7.5% during the forecast period. Power quality meters playa crucial role in the industrial, manufacturing, and commercial sectors across various applications, including transformers, feeders, motors, motor control centers, and other equipment. The growing need to protect electrical networks and components, investments in renewable power plants, and increasing refurbishment activities in developed economies are expected to drive the global power quality meter market.
“Utility: The fastest growing end-user segment”
Utility is estimated to constitute the fastest growing end-user segment of the power quality meter market. The reason for the same can be attributed to the increasing investments in transmission & distribution infrastructure in developed economies; North America and Europe are investing heavily in upgrading their existing transmission & distribution infrastructure.
Complete report on Power Quality Meter Market spreed across 150 pages, with 67 tables and 41 figures is now available at http://www.rnrmarketresearch.com/power-quality-meter-market-by-application-distribution-panels-substation-monitoring-equipment-and-others-by-end-user-industrial-commercial-utility-transportation-and-others-by-phase-and-by-region-globa-ts-to-2021-market-report.html
“Asia-Pacific: The fastest growing market for power quality meter”
The Asia-Pacific power quality meter market is estimated to have the highest growth rate, owing to the increased urbanization & industrialization, which propel the demand for power quality meters. China dominated the global power quality meter market in 2015, on the account of extensive upgradation of electrical infrastructure and installation of new transmission & distribution lines. China and India are estimated to be the fastest growing markets for power quality meters in the region from 2016 to 2021. The figure given below indicates the market size of various regions by 2021, with their respective CAGRs during the forecast period. Asia-Pacific region are swiftly making stride toward implementing stricter regimes for the supply of the quality power at the commercial facilities such asIT hubs, banking institutions, and other facilities which would further drive the demand for power quality meters.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, corporate-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1—35%, Tier2—45%, and Tier 3—20%
By Designation: CorporateLevel—35%, Director Level—25%, and Others*—40%
By Region: Asia-Pacific—32%, the Middle East—30%, North America—19%, Europe—9%, and the Rest of the World—10%
Note: *Others include sales managers, marketing managers, product managers, and design engineers. The tier of the companies has been defined on the basis of their segmental revenues; as of 2015: Tier 1 = > USD 1 billion, Tier 2 = From USD 500 million to USD 1billion, and Tier 3 = < USD 500 million
Leading players in this industry have been profiled, along with their recent developments and other strategic activities. These include ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric (U.S.), Eaton Corporation Plc (Ireland), and Schneider Electric SE (France).
Why buy this report?
• The report identifies and addresses key markets for power quality meter, and is therefore useful for suppliers and OEMs for reviewing production and distribution plans.
• The report includes an analysis of key countries, by end-users of power quality meter. It analyzes historical trends and provides a forecast for 2021,which would assist in strategic decision making.
• It presents a competitive landscape of the power quality meter market by analyzing recent market developments such as contracts& agreements, expansions, mergers & acquisitions, and new product launches from key global market players. It helps to understand competitive strategies and plan respective initiatives.
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• Power quality meter manufacturers, dealers, and suppliers
• Raw material providers
• Consulting companies in power sector
• Government and research organizations
• Government utility providers
• Private utility providers
• Private customers
• Network operators
• Metering companies
• Venture capital firms
• Investment banks
• Investment banks
Scope of the report:
• Single Phase
• Three Phase
• Industrial & Manufacturing
• Others (Labs and Research & Development Centers)
• Distribution Panels
• Substation Monitoring
• Others (Capacitor Banks and Reactors)
• North America
• South America
• Middle East & Africa
Intelligent Flow Meter Market by Type (Magnetic, Coriolis, Ultrasonic, Vortex, Multiphase, Thermal, Turbine, Variable Area, & Differential Pressure), Communication Protocol (PROFIBUS & HART), Application, and Geography - Global Trend & Forecast to 2022. Is now available at RnRmarketreserch.com at http://www.rnrmarketresearch.com/intelligent-flow-meter-market-by-type-coriolis-electromagnetic-vortex-ultrasonic-and-others-by-technology-profibus-hart-others-by-application-water-wastewater-oil-gas-chemicals-o-market-report.html . As per the report The intelligent flow meter market is expected to reach USD 7.76 Billion by 2022, at a CAGR of 5.4% between 2016 and 2022. The growth of the market is driven by factors such as the benefits of accuracy, stability, and reliability offered by intelligent flow meters and high demand for these flow meters in the chemicals and water & wastewater industries. The rising industrial infrastructure activities and growing use of intelligent flow meters for diagnostic information, along with measurement data, are also supporting the growth of the market.