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Asia Pacific Power Quality Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Equipment, Harmonic Filters, Static VAR Compensator, Power Quality Meters, and Others); Phase; End-Users

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    Report

  • 129 Pages
  • August 2021
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 5416404
Others Segment has the Largest Share of Equipment in the Asia Pacific Power Quality Equipment Market during 2021-2028

According to a new market research study on “Asia Pacific Power Quality Equipment Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Equipment, Phase, and End-user” is expected to reach US$ 13,422.9 million by 2028 from US$ 7,988.6 million in 2021. The market is estimated to grow at a CAGR of 7.7% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific Power quality equipment market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the growing industrial manufacturing and processing sector are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the high cost of deployment and installation.

India is the worst-affected country in APAC, considering the outbreak of COVID-19. APAC witnessed a notable decline in numerous economic activities as the government-imposed travel bans, strict lockdowns, and business shutdown. In many Asian countries, buying capacity of consumers reduced drastically due to the disruption of trade operations. Expenditure, especially on nonessentials, was also avoided. Fitness centers, spas, parlors, mining, oil & gas, glass, and cement are among the worst-hit industries. As swimming pools, gyms, parlors, and salons were closed as per the orders from the concerned authorities, the demand for various power quality equipment that ensure uninterrupted power went down terrifically. Due to less demand, the production of power quality equipment dropped significantly. However, new healthcare facilities and oxygen plants being set up in India to handle the rising cases of COVID-19 are propelling the demand for power quality equipment such as UPS systems, power quality meters, and static VAR compensators. Additionally, with respect to international trade, China, Hong Kong, South Korea, and Japan are the top Asian exporting countries that observed a decline in their exports. Thus, with a disrupted supply chain coupled with weak demand, an overall negative impact was observed on the growth of the power quality equipment market in 2020.

The market for Asia Pacific power quality equipment market is segmented into equipment, phase, and End-user. Based on equipment, the power quality equipment market is segmented into uninterruptable power supply (UPS), static VAR compensator, harmonic filters, power quality meters, and others. In 2021, the others segment is estimated to account for the largest market share in the power quality equipment market. Portable power equipment, power conditioners, surge protective devices, power and energy meters, solid oxide fuel cell, static transfer switch, line voltage regulators, power distribution units, reactors & inductors, and frequency converter are other types of power quality equipment available in the market. Based on the requirement of the application, market players offer this equipment in various features, shape, sizes, efficiency, and accuracy all over the world. Client can also ask for customized power quality equipment.

Acumentrics. Emerson Electric Co. AMETEK Inc. Eaton. General Electric Company, Schneider Electric SE, Siemens AG, Toshiba Energy Systems & Solutions Corporation, Hitachi ABB Power Grids Group, and Piller Group GmbH are among the leading companies in the Asia Pacific Power quality equipment market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in March 2021, Acumentrics introduces SmartPDU, a new power distribution system which offers an unprecedented combination of convenience, flexibility, secure control, and system data. Such benefits ensure optimal operation of shipboard electronic systems along with the ability to accommodate changes and upgrades.

The market for Power quality equipment market is segmented into equipment, phase, and End-user. Based on equipment, the Power quality equipment market is segmented into uninterruptable power supply (UPS), harmonic filters, static VAR compensator, power quality meters, and others. Based on phase, the Power quality equipment market is segmented into single phase, and three phase. Based on End-user, the Power quality equipment market is segmented into industrial and manufacturing, commercial, and others. Geographically, the Power quality equipment market is segmented into Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of APAC)

Reasons to buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific power quality equipment market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific power quality equipment market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the power quality equipment market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Power Quality Equipment Market - By Equipment
1.3.2 Power Quality Equipment Market - By Phase
1.3.3 Power Quality Equipment Market - By End User
1.3.4 Asia Pacific Power Quality Equipment Market - By Country
2. Asia Pacific Power Quality Equipment Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Power Quality Equipment Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Power Quality Equipment Market - Asia Pacific PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Power Quality Equipment Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Industrial Manufacturing & Processing Sector
5.1.2 Increasing Demand for Stable Power Supply in Telecommunication Industry
5.2 Market Restraints
5.2.1 High Cost of Deployment and Installation
5.3 Market Opportunities
5.3.1 Growing Adoption of Renewable Energy Sources
5.4 Future Trends
5.4.1 Rising Trend of Applying Power Quality Equipment at Electric Vehicle Charging Stations
5.5 Impact Analysis
6. Power Quality Equipment Market - Asia Pacific Analysis
6.1 Asia Pacific Power Quality Equipment Market Revenue Forecasts and Analysis
7. Asia Pacific Power Quality Equipment Market Analysis and Forecasts To 2028 - By Equipment
7.1 Overview
7.2 Power Quality Equipment Market, By Type (2021 & 2028)
7.3 Uninterruptable Power Supply (UPS)
7.3.1 Overview
7.3.2 Uninterruptable Power Supply (UPS): Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
7.4 Harmonic Filters
7.4.1 Overview
7.4.2 Harmonic Filters: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
7.5 Static VAR Compensator
7.5.1 Overview
7.5.2 Static VAR Compensator: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
7.6 Power Quality Meters
7.6.1 Overview
7.6.2 Power Quality Meters: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
8. Power Quality Equipment Market Analysis - By Phase
8.1 Overview
8.2 Power Quality Equipment Market, By Phase (2021 & 2028)
8.3 Single Phase
8.3.1 Overview
8.3.2 Single Phase: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
8.4 Three Phase
8.4.1 Overview
8.4.2 Three Phase: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Power Quality Equipment Market Analysis and Forecasts to 2028 - By End User
9.1 Overview
9.2 Power Quality Equipment Market, by Industry (2021 & 2028)
9.3 Industrial and Manufacturing
9.3.1 Overview
9.3.2 Industrial and Manufacturing: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
10. Power Quality Equipment Market Revenue and Forecasts to 2028 - Geographical Analysis
10.1 Asia Pacific: Power Quality Equipment Market
10.1.1 Overview
10.1.2 Asia Pacific: Power Quality Equipment Market, by Country, 2021 & 2028 (%)
10.1.2.1 Australia: Power Quality Equipment Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.1 Australia: Power Quality Equipment Market, By Equipment
10.1.2.1.2 Australia: Power Quality Equipment Market, By Phase
10.1.2.1.3 Australia: Power Quality Equipment Market, By End-Users
10.1.2.2 China: Power Quality Equipment Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.1 China: Power Quality Equipment Market, By Equipment
10.1.2.2.2 China: Power Quality Equipment Market, By Phase
10.1.2.2.3 China: Power Quality Equipment Market, By End-Users
10.1.2.3 India: Power Quality Equipment Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.1 India: Power Quality Equipment Market, By Equipment
10.1.2.3.2 India: Power Quality Equipment Market, By Phase
10.1.2.3.3 India: Power Quality Equipment Market, By End-Users
10.1.2.4 Japan: Power Quality Equipment Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.4.1 Japan: Power Quality Equipment Market, By Equipment
10.1.2.4.2 Japan: Power Quality Equipment Market, By Phase
10.1.2.4.3 Japan: Power Quality Equipment Market, By End-Users
10.1.2.5 South Korea: Power Quality Equipment Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.5.1 South Korea: Power Quality Equipment Market, By Equipment
10.1.2.5.2 South Korea: Power Quality Equipment Market, By Phase
10.1.2.5.3 South Korea: Power Quality Equipment Market, By End-Users
10.1.2.6 Rest of Asia-Pacific: Power Quality Equipment Market - Revenue and Forecast to 2028 (US$ Million)
10.1.2.6.1 Rest of Asia-Pacific: Power Quality Equipment Market, By Equipment
10.1.2.6.2 Rest of Asia-Pacific: Power Quality Equipment Market, By Phase
10.1.2.6.3 Rest of Asia-Pacific: Power Quality Equipment Market, By End-Users
11. Impact Of COVID-19 Pandemic on Asia Pacific Power Quality Equipment Market
11.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 New Development
13. COMPANY PROFILES
13.1 Acumentrics.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Emerson Electric Co.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 AMETEK Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Eaton.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 General Electric Company
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Schneider Electric SE
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Siemens AG
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Toshiba Energy Systems & Solutions Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Hitachi ABB Power Grids Group
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Piller Group GmbH
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About
14.2 Glossary of Terms
List of Tables
Table 1. Australia Power Quality Equipment Market, By Equipment - Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Power Quality Equipment Market, By Phase - Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Power Quality Equipment Market, By End-Users - Revenue and Forecast to 2028 (US$ Million)
Table 4. China Power Quality Equipment Market, By Equipment - Revenue and Forecast to 2028 (US$ Million)
Table 5. China Power Quality Equipment Market, By Phase - Revenue and Forecast to 2028 (US$ Million)
Table 6. China Power Quality Equipment Market, By End-Users - Revenue and Forecast to 2028 (US$ Million)
Table 7. India Power Quality Equipment Market, By Equipment - Revenue and Forecast to 2028 (US$ Million)
Table 8. India Power Quality Equipment Market, By Phase - Revenue and Forecast to 2028 (US$ Million)
Table 9. India Power Quality Equipment Market, By End-Users - Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan Power Quality Equipment Market, By Equipment - Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan Power Quality Equipment Market, By Phase - Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan Power Quality Equipment Market, By End-Users - Revenue and Forecast to 2028 (US$ Million)
Table 13. South Korea Power Quality Equipment Market, By Equipment - Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea Power Quality Equipment Market, By Phase - Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea Power Quality Equipment Market, By End-Users - Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of Asia-Pacific Power Quality Equipment Market, By Equipment - Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Asia-Pacific Power Quality Equipment Market, By Phase - Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Asia-Pacific Power Quality Equipment Market, By End-Users - Revenue and Forecast to 2028 (US$ Million)
Table 19. Glossary of Terms, Power Quality Equipment Market
List of Figures
Figure 1. Power Quality Equipment Market Segmentation
Figure 2. Asia Pacific Power Quality Equipment Market Overview
Figure 3. Others Segment Held Largest Share of Equipment in Power Quality Equipment Market
Figure 4. China is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Power Quality Equipment Market - Asia Pacific PEST Analysis
Figure 6. Power Quality Equipment Market - Ecosystem Analysis
Figure 7. Power Quality Equipment Market Impact Analysis of Driver and Restraints
Figure 8. Asia Pacific Power Quality Equipment Market - Revenue Forecasts and Analysis - 2020 - 2028
Figure 9. Power Quality Equipment Market, by Type (2021 & 2028)
Figure 10. Uninterruptable Power Supply (UPS): Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 11. Harmonic Filters: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Static VAR Compensator: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Power Quality Meters: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Others: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Power Quality Equipment Market, by Phase (2020 & 2028)
Figure 16. Single Phase: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Three Phase: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Power Quality Equipment Market, by Industry (2021 & 2028)
Figure 19. Industrial and Manufacturing: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Commercial: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Asia Pacific: Power Quality Equipment Market, by Key Country - Revenue (2021) (USD Million)
Figure 23. Asia Pacific: Power Quality Equipment Market, by Country, 2021 & 2028 (%)
Figure 24. Australia: Power Quality Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. China: Power Quality Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. India: Power Quality Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Japan: Power Quality Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. South Korea: Power Quality Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of Asia-Pacific: Power Quality Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Acumentrics.
  • Emerson Electric Co.
  • AMETEK Inc.
  • Eaton.
  • General Electric Company
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Energy Systems & Solutions Corporation
  • Hitachi ABB Power Grids Group
  • Piller Group GmbH

Table Information