South and Central America Power Quality Equipment Market

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.

Owing to the COVID-19 outbreak, the region witnessed a notable decline in production volumes from major industrial sectors. Brazil is facing severe challenges in containing the spread of COVID-19. Industrial, commercial, and manufacturing are among the worst-hit sectors in SAM. Surge protective devices, power conditioners, harmonic correction units, power and energy meters, reactors & inductors, line voltage regulators, and frequency converters are among the various types of power quality equipment that are required at manufacturing plants and industrial sites. As many governments in this region announced strict containment measures, SAM witnessed a decline in manufacturing and industrial activities, which ultimately impacted the adoption of power quality equipment from respective end users. Additionally, this pandemic has affected the sales of spare parts and components related to power quality equipment. Consequently, the aftersales services of these equipment were also hit adversely. Moreover, the disruption of supply chains in the region has affected the market from the supply side. However, after the situation returns to normalcy, the demand for power quality equipment of various types is expected to witness promising growth in SAM.

Market Overview and Dynamics

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. 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 South and Central America power quality equipment market in 2020. In terms of phase, the three-phase segment accounted for the largest share of the South and Central America 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 South and Central America 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 South and Central America 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 South and Central America Power quality equipment market
• Efficiently plan M&A and partnership deals in South and Central America 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 South and Central America Power quality equipment market
• Obtain market revenue forecast for market by various segments from 2021-2028 in South and Central America region.

SOUTH AND CENTRAL AMERICA 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

• South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America

Companies Mentioned

1. Acumentrics.
2. Emerson Electric Co.
3. AMETEK Inc.
4. Eaton.
5. General Electric Company
6. Schneider Electric SE
7. Siemens AG
8. Toshiba Energy Systems & Solutions Corporation  
9. Hitachi ABB Power Grids Group
10. Piller Group GmbH 

South and Central America Power Quality Equipment Market Strategic Insights

South and Central America Power Quality Equipment Market Segmentation Analysis

South and Central America Power Quality Equipment Market Report Highlights

South and Central America Power Quality Equipment Report Scope

South and Central America Power Quality Equipment Market Country and Regional Insights