Europe Power Quality Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Equipment (Uninterruptable Power Supply (UPS), Harmonic Filters, Static VAR Compensator, Power Quality Meters, and Others); Phase (Single Phase, and Three Phase); End-Users (Industrial and Manufacturing, Commercial, and Others)
Market Introduction
The Power Quality Equipment Market is expected to witness significant growth in the coming years attributing to increasing demand from developing nations and emergence of smart power solutions.
Thus, the growing industrial, manufacturing & processing sector are expected to create a significant demand for Power quality equipment in the coming years, which is further anticipated to drive the power quality equipment market.
In Europe, France, Russia, Italy, the UK, Spain, and Germany are among the worst-affected countries by the COVID-19 pandemic. The region experienced a significant decline in revenue from numerous industries as the government enacted strict containment measures. Several types of power quality equipment, such as UPS systems, are widely used at retail stores, wholesale stores, hotels, restaurants, warehouses, etc. Restaurants witnessed a drastic decline in footfall due to travel limitations and restrictions imposed on people’s movement. This consequently affected the operations at retail stores, wholesale stores, and warehouses. Therefore, the demand for UPS systems dedicated to these fields declined significantly. However, there was some demand for UPS systems in the cloud kitchens that were operational during this period. Europe had large-scale import–export trade operations before the pandemic. Supply of various power quality equipment declined in the entire European region with the drop in import–export activities. As the supply chain of various industries got disrupted, including power quality equipment, the market players witnessed severe hardships in selling their products in 2020. New start-ups and businesses require industrial HVACs, factory equipment, and other power equipment. As no significant new businesses were coming up, the power quality equipment market experienced a decline from the demand side in 2020.
Get more information on this report :
Market Overview and Dynamics
The power quality equipment market in Europe is expected to grow from US$ 7,051.4 million in 2021 to US$ 11,459.0 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028. The demand for power quality equipment (PQE) is gaining traction due to the rising application of PQE at electric vehicles (EVs) power station. The equipment provides a stable power frequency to charge electric vehicles and avoid any voltage deviation while charging. The increasing number of electric vehicles globally is poised to increase the EVs charging stations, and it is expected to set a future trend for power quality equipment. Also, the demand for electric vehicles is set to increase as governments of many countries are promoting the use of EVs. Hence, such government promotions for adopting electric vehicles are expected to fuel the growth of power quality equipment market in the near future.
Key Market Segments
In terms of equipment, the others segment accounted for the largest share of the Europe power quality equipment market in 2020. In terms of phase, the three-phase segment accounted for the largest share of the Europe power quality equipment market in 2020. In terms of end user, the industrial and manufacturing segment held a larger market share of the power quality equipment market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Power quality equipment market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.
Reasons to buy report
- To understand the Europe Power quality equipment market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe Power quality equipment market
- Efficiently plan M&A and partnership deals in Europe Power quality equipment market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe Power quality equipment market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
EUROPE POWER QUALITY EQUIPMENT MARKET SEGMENTATION
By Equipment
- Uninterruptable Power Supply (UPS)
- Harmonic Filters
- Static VAR Compensator
- Power Quality Meters
- Others
By Phase
- Single Phase
- Three Phase
By End User
- Industrial and Manufacturing
- Commercial
- Others
By Country
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
Companies Mentioned
- 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
- Piller Group GmbH
TABLE OF CONTENTS
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 Europe Power Quality Equipment Market – By Country
2. Europe Power Quality Equipment Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Power Quality Equipment Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Power Quality Equipment Market- Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe 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 – Europe Analysis
6.1 Europe Power Quality Equipment Market Revenue Forecasts and Analysis
7. Europe 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. Europe 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 Europe: Power Quality Equipment Market
10.1.1 Overview
10.1.2 Europe: Power Quality Equipment Market, by Country, 2021 & 2028 (%)
10.1.2.1 Germany: Power Quality Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.1 Germany: Power Quality Equipment Market, By Equipment
10.1.2.1.2 Germany: Power Quality Equipment Market, By Phase
10.1.2.1.3 Germany: Power Quality Equipment Market, By End-Users
10.1.2.2 France: Power Quality Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.1 France: Power Quality Equipment Market, By Equipment
10.1.2.2.2 France: Power Quality Equipment Market, By Phase
10.1.2.2.3 France: Power Quality Equipment Market, By End-Users
10.1.2.3 Italy: Power Quality Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.1 Italy: Power Quality Equipment Market, By Equipment
10.1.2.3.2 Italy: Power Quality Equipment Market, By Phase
10.1.2.3.3 Italy: Power Quality Equipment Market, By End-Users
10.1.2.4 UK: Power Quality Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.4.1 UK: Power Quality Equipment Market, By Equipment
10.1.2.4.2 UK: Power Quality Equipment Market, By Phase
10.1.2.4.3 UK: Power Quality Equipment Market, By End-Users
10.1.2.5 Russia: Power Quality Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.5.1 Russia: Power Quality Equipment Market, By Equipment
10.1.2.5.2 Russia: Power Quality Equipment Market, By Phase
10.1.2.5.3 Russia: Power Quality Equipment Market, By End-Users
10.1.2.6 Rest of Europe: Power Quality Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.6.1 Rest of Europe: Power Quality Equipment Market, By Equipment
10.1.2.6.2 Rest of Europe: Power Quality Equipment Market, By Phase
10.1.2.6.3 Rest of Europe: Power Quality Equipment Market, By End-Users
11. Impact Of COVID-19 Pandemic on Europe Power Quality Equipment Market
11.1 Europe: 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
LIST OF TABLES
Table 1. Germany Power Quality Equipment Market, By Equipment– Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Power Quality Equipment Market, By Phase – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Power Quality Equipment Market, By End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 4. France Power Quality Equipment Market, By Equipment– Revenue and Forecast to 2028 (US$ Million)
Table 5. France Power Quality Equipment Market, By Phase – Revenue and Forecast to 2028 (US$ Million)
Table 6. France Power Quality Equipment Market, By End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy Power Quality Equipment Market, By Equipment– Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy Power Quality Equipment Market, By Phase – Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy Power Quality Equipment Market, By End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 10. UK Power Quality Equipment Market, By Equipment– Revenue and Forecast to 2028 (US$ Million)
Table 11. UK Power Quality Equipment Market, By Phase– Revenue and Forecast to 2028 (US$ Million)
Table 12. UK Power Quality Equipment Market, By End-Users– Revenue and Forecast to 2028 (US$ Million)
Table 13. Russia Power Quality Equipment Market, By Equipment– Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia Power Quality Equipment Market, By Phase – Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia Power Quality Equipment Market, By End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of Europe Power Quality Equipment Market, By Equipment– Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe Power Quality Equipment Market, By Phase – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe Power Quality Equipment Market, By End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 19. Glossary of Terms, Power Quality Equipment Market
LIST OF FIGURES
Figure 1. Power Quality Equipment Market Segmentation
Figure 2. Europe Power Quality Equipment Market Overview
Figure 3. Others Segment Held Largest Share of Equipment in Power Quality Equipment Market
Figure 4. UK is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Power Quality Equipment Market - Europe PEST Analysis
Figure 6. Power Quality Equipment Market- Ecosystem Analysis
Figure 7. Power Quality Equipment Market Impact Analysis of Driver and Restraints
Figure 8. Europe Power Quality Equipment Market – Revenue Forecasts and Analysis – 2020- 2028
Figure 9. Power Quality Equipment Market, by Type (2021 & 2028)
Figure 10. Uninterruptable Power Supply (UPS): Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 11. Harmonic Filters: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Static VAR Compensator: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Power Quality Meters: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Others: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Power Quality Equipment Market, by Phase (2020 & 2028)
Figure 16. Single Phase: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Three Phase: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Power Quality Equipment Market, by Industry (2021 & 2028)
Figure 19. Industrial and Manufacturing: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Commercial: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Power Quality Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe: Power Quality Equipment Market, by Key Country – Revenue (2021) (USD Million)
Figure 23. Europe: Power Quality Equipment Market, by Country, 2021 & 2028 (%)
Figure 24. Germany: Power Quality Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. France: Power Quality Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Italy: Power Quality Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. UK: Power Quality Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Russia: Power Quality Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of Europe: Power Quality Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in European Country Markets
- 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
- Piller Group GmbH
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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