According to BlueWeave Consulting, The Global Power Quality Analyzer Market is estimated to grow at a significant rate, during the forecast period 2018-2025 owing to rapid industrialization, high investments in the renewable projects, upgradation of transmission & distribution infrastructure.
Increasing industrialization & infrastructural activities and massive investments in renewable power plants which will boost the Global Power Quality Analyzer Market in upcoming year. Moreover, the increasing importance of electric power analyzer to protecting electrical components and the networks and increment in industrial activity and infrastructural investments across the globe will drive the global Power Quality Analyzer market. Power Quality Analyzer are the most commonly used tools to observe real-time readings of electrical activity like voltage, current & quality and also collect data for downloading to computers for analysis. The increased risk of electrical equipment failure or damage due to poor power quality also adds cost of replacing equipment, diagnosis and labor will augment the power quality analyzer market.
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Moreover, growing investments in transmission & distribution infrastructure and increasing industrialization & infrastructural activities in emerged developing countries will encourage the global power quality analyzer market in upcoming years. Furthermore, the industrial and manufacturing sector is also expected to make a significant contribution to the growth of the global power quality analyzer market and this growth will be driven by the increasing need to create an uninterrupted supply of power to achieve the desired output in the most efficient manner. Power quality analyzers are especially deployed to prevent power outages that can severely impact operations, also generating huge losses.
Portable product type of Power Quality Analyzer market is projected to be the leading segment of the overall market during the forecast period
On the basis of Product type, the Power Quality Analyzer market has been segmented into portable and On-line. Portable type product dominates the global Power Quality Analyzer owing to properties of portable analyzer such as user friendly navigation screens and Bluetooth and SD cards for communication and data logging. Online analyzer product will drive by power plant and larger manufacturing industry for providing accurately identify trends and address operational issues before costly problems arise and provide a maintain continuous record of plant operating conditions for increased plant uptime and improve productivity for life time.
Electric Power Enterprise is projected to leading application for utilizing Power Quality Analyzer during forecast period
On the basis of application, the global Power Quality Analyzer market has been segmented into Electric Power Enterprise and Industry Enterprise. By application type, Electric Power Enterprise will lead the market due to growing awareness among people to avoid low quality power, un-interrupted power supply and minimize cost in electric consumption. Industry enterprise segment will drive by rapid industrialization in small cities which will need of uninterrupted power supply.
Distribution channel is expected to leading sales channel for distributing Power Quality Analyzer during forecast period
On the basis of sales Channel, the global Power Quality Analyzer market has been segmented into direct channel and distribution channel. By sales channel, Distribution channel is projected to lead market owing to major increment in online based consumers and rapid enhancement in retail stores. Direct sales segment will drive by increment in opening of authorized and providing services through online portals.
Asia Pacific accounts for lion’s share of the global Power Quality Analyzer market during the anticipated period.
On the basis of region, the Power Quality Analyzer market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific dominates the world Power Quality Analyzer market over the forecast period owing to rapid pace of industrialization and urbanization, setting up new distribution and transmission lines in this region. North America is projected to be the fastest growing market throughout the forecast period due to major project in energy-efficiency measures, and renewable projects and investments in effective smart grid initiatives.
Global Power Quality Analyzer Market Competitive Landscape
Companies, such as, Fluke Corp, Hioki, Chauvin Arnoux,, Yokogawa, Extech , Kyoritsu, Sonel, HT Instruments, Dranetz, Metrel d.d. , Satec, Elspec, Ideal, Janitza Electronics, Megger, Reinhausen Group, XiTRON, Gridsense, CANDURA Instruments, DEWETRON GmbH, Summit Technology, UNI are the key players in manufacturing Power Quality Analyzer. In terms of product offerings, Fluke Corp, Hioki and Chauvin Arnoux are the major players in the market.
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The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of Global Power Quality Analyzer Market size & forecast. The report promises to provide state-of-the-art technology of Power Quality Analyzer production and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.
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