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Power Quality Meter Market Trends

Report ID: GMI7124
Published Date: Oct 2023
Report Format: PDF

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Power Quality Meter Market Trends

Power utilities and grid operators are investing in smart grid technologies, including the deployment of advanced power quality monitoring systems. This was aimed at improving grid reliability, reducing losses, and enhancing the overall quality of electricity supply. Growing concern toward cybersecurity, remote monitoring and cloud-based solutions will augment the industry landscape. It allowed users to access power quality data from anywhere, improving real-time decision-making and long-term analysis, accelerating the business potential.

A power quality meter, also known as a power quality analyzer or PQ meter, is an electrical measurement device used to monitor and analyze the quality of electrical power in a distribution system. It is a crucial tool for identifying and diagnosing issues related to the voltage and current in an electrical network. Power quality refers to the reliability and cleanliness of electrical power, and it encompasses various aspects, including voltage stability, harmonics, transients, sags, swells, and other disturbances.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of power quality meter was worth USD 1.9 billion in 2023 and is estimated to surpass USD 3.7 billion by 2032, due to the increasing utilization of sensitive electronic equipment in industrial and commercial settings.

The portable product segment held over 50% of the power quality meter market share in 2022, owing to the growing complexity of electrical systems and the increasing use of sensitive electronic equipment worldwide.

North America power quality meter market size exceeded USD 356.7 million in 2022, due to the increasing awareness about the importance of power quality coupled with the influx of stricter regulations and standards related to power quality.

Some of the leading power quality meter companies are General Electric, Siemens, ABB, Eaton, Schneider Electric, and Emerson Electric Co.