Report Code: A09293 | Pages: NA | Mar 2023 | 1127 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Power Quality Meter Market
Request Now !A power quality meter is a machine designed to generate electricity. A power quality convertor is required for generators to adjust the generator frequency and voltage. This energy is also used to work for mill grains, drive machinery, and pump water. A power quality meter can also convert the variable frequency output of an induction generator, driven by the variable speed of turbine. The system is recognized as renewable, eco-friendly, and emits no carbon dioxide. Therefore, these benefits are expected to witness significant growth of the power quality meter market over the forecast timeframe.
The need to replace current energy sources, such as fossils fuel, gas, and coal, are the major drivers for the high demand for power quality meter systems. The market is diverting toward the adoption of renewable sources of energy and is considered a safe environment. Therefore, meters have been widely used for generating electricity. This accelerated consumption of electricity in commercial and other industrial processes also boosts the demand for renewable power quality meter. Power meter also adopts the changing speeds continuously with respect to the changing wind velocity, thus they are considered high-efficiency technology for electricity generation.
The global power quality meter trends are as follows:
The major market players also have taken the necessary steps to improve the accuracy of devices and overall functionality. The increasing installation rate of power quality meter across the globe plays a significant role in the evolution of the market. More focus is given to the design and control of power converters. The new technologies have been used for increasing the overall performance of the power quality meter and build innovative blade manufacturing techniques. The adoption of wind-induced energy harvesting devices and smart rotors is an emerging trend in the power quality meter market.
Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on utilization. Leading market players have determined how improved accuracy can be influential in many applications. The need to generate electrical power with a wide range of speeds leads to high usage of power quality meter system. Furthermore, this system has the ability to capture and transfer the energy to the grid or a load.
Key benefits of the report:Â
Power Quality Meter Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights
Aspects | Details |
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By Application |
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By End User |
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By Region |
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Key Market Players | ABB, Alstom, AMSC Windtec USA Suzhou, Emerson Network Power CO, Schneider, Sungrow Power supply Co, Siemens AG |
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