Power Quality Equipment Market Size 2023 | Industry Growth, Report Analysis, Driving Factors and Forecast to 2028
The latest research study “ Power Quality Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ” by IMARC Group, finds that t he global power quality equipment market size reached US$ 16.5 Billion in 2022 . Looking forward, IMARC Group expects the market to reach US$ 24.7 Billion by 2028 , exhibiting a growth rate (CAGR) of 6.4% during 2023-2028. What is Power Quality Equipment? Power quality equipment are devices used to protect electrical equipment and ensure a continuous flow of power supply without any disturbances. They offer, regulate and maintain uniform power quality and a steady voltage supply and minimize the utility of multiple devices in a system. Some commonly used power quality equipment are isolation transformers, harmonic filters, power quality meters, surge arresters, voltage regulators, static VAR compensators (SVC), surge protection devices,...