Market Research Report
South and Central America Power Quality Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Equipment ; Phase ; End-Users
|South and Central America Power Quality Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Equipment ; Phase ; End-Users|
Published: August 6, 2021
The Insight Partners
Content info: 120 Pages
Delivery time: 1-2 business days
The power quality equipment market in South and Central America is expected to grow from US$ 1,244.0 million in 2021 to US$ 1,915.4 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028.
Telecommunications have undergone significant developments in recent years. In addition to voice communications, fast data transmission services have seen continuous growth in the telecommunications market, which has led to the flourishment of more advanced telecommunication systems such as data centers, servers, and other internet-related infrastructure and equipment to efficiently offer voice and data transmission services. However, the newly added telecommunication systems are more vulnerable to power quality problems because the electronics used for data transmission are more susceptible to sags/dips, swells, transients, and harmonics. Further, telecom equipment may trip upon the occurrence of power fluctuations in the form of voltage sags and swells due to abrupt increase in loads at the time of short circuits, loose connection or faults, and motors starting, which creates loss in communication. Such interruptions cost telecom companies money for every minute, and it can also lead to equipment malfunction and breakdown. Thus, to overcome this power challenge, the telecom industry worldwide is adopting power quality equipment to ensure a steady supply of voltage within a defined range.
The market for South and Central America 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.
Brazil is facing severe challenges in containing the spread of COVID-19. Industrial, commercial, and manufacturing are among the worst-hit sectors in South America. Surge protective devices, power conditioners, harmonic correction units, power and energy meters, reactors and inductors, line voltage regulators, and frequency converters are among different power quality equipment that are required at manufacturing plants and industrial sites. However, the implementation of containment measures led to a decline in manufacturing and industrial activities in South America, which ultimately hindered the adoption of power quality equipment. Additionally, the pandemic has affected the sales of spare parts and components related to power quality equipment, thus hampering the aftersales services market. However, after the situation returns to normalcy, the demand for power quality equipment of various types is expected to witness promising growth in SAM.
The overall South and Central America 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 South and Central America 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 South and Central America 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 South and Central America Power quality equipment market.