POWER QUALITY EQUIPMENT MARKET ANALYSIS

Regional Analysis

Global Power Quality Equipment Market- Regional Analysis Asia Pacific held a dominant position in the Global Power Quality Equipment market in 2022, followed by the regions of Europe and North America.           

Asia Pacific held a dominant position in the Global Power Quality Equipment market in 2022, owing to factors like rapid expansion of the industrial sector, growing population and increase in the number of power generation plants to cater to the increasing need of power supply. The countries in the region like China, India and Japan are few of the top countries in terms of electricity consumption across the world. These countries have presence of manufacturing plants and corporate offices which require efficient supply of electricity. Hence, the devices and systems that ensure the stable power supply are in high demand in the region. Moreover, the governments in the region are working actively towards developing the power infrastructure with development of power grids and improving the systems that govern the distribution and supply of electricity to avoid production losses occurring due to equipment failures. These factors are expected to boost the market growth for Asia Pacific power quality equipment market during the forecast period.

North America is another strong market for the global power quality equipment market. The factors like a highly evolved technological sector with the presence of huge global corporations operating majorly in technological sector have resulted in the growing need for power for the operations of data centers throughout the country. Moreover, the domestic consumption of electricity per capita is also one of the highest in U.S. This increases the demand for power quality equipment significantly in the region. This high demand has resulted in the emergence of the region as a strong market for power quality equipment.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa