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

List of Tables

The power quality equipment market in Asia Pacific is expected to grow from US$ 7,988.6 million in 2021 to US$ 13,422.9 million by 2028; it is estimated to grow at a CAGR of 7.7% from 2021 to 2028.

In the wake of global warming, caused by a surge in carbon pollution due to burning of fossil fuels, coal, and natural gas, the demand for renewable energy sources is increasing gradually. The growing focus on renewable energy projects is anticipated to boost the demand for power quality equipment to measure the quality of the power generated in distribution substations. The growing preference for renewable energy over the conventional energy sources can be attributed to factors such as zero or low carbon emissions, reduced air and water pollution levels, and economical electricity production. Moreover, many governments across the world are providing financial incentives for adopting renewable energy projects. Thus, the flourishing renewable energy infrastructure is boosting the adoption of power quality equipment at distribution substations, subsequently creating growth opportunities for the growth of the power quality equipment market players.

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.

In APAC, India is the worst-affected country by the COVID-19 outbreak. APAC witnessed a notable decline in numerous economic activities as a result of government-imposed travel bans, strict lockdowns, and business shutdown. Fitness centers, spas, and salons as well as the mining, oil & gas, glass, and cement industries are among the worst-hit segments in this region, which led to reduction in demand for various power quality equipment. Due to less demand, the production of power quality equipment dropped significantly. However, India set up new healthcare facilities and oxygen plants to handle the rising cases of COVID-19, which triggered the demand for power quality equipment such as UPS systems, power quality meters, and static VAR compensators. In terms of the international trade, China, Hong Kong, South Korea, and Japan are among the top Asian exporters, which observed a decline in exports amid the COVID-19 pandemic. Thus, a disrupted supply chain and weak demand resulted in an overall negative impact of the pandemic on the power quality equipment market growth in APAC in 2020.

The overall Asia Pacific Power quality equipment market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Asia Pacific Power quality equipment market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia Pacific Power quality equipment market. 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 a few players operating in the Asia Pacific Power quality equipment market.

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

Product Code: TIPRE00024225

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners 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 the Insight Partners
14.2 Glossary of Terms