Product Code: ETC4523305 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India power quality equipment market import shipments displayed a robust expansion from 2020 to 2024, with a notable CAGR of 24.4%. The growth rate further accelerated between 2023 and 2024, reaching 26.9%, indicating a strong momentum and a consistent upward trend in market demand.
Power quality equipment is essential for maintaining stable and high-quality power supply. The India power quality equipment market is growing as businesses and industries seek to mitigate the impact of power disturbances. This market includes solutions like voltage regulators, power conditioners, and harmonic filters, which help maintain power quality and protect sensitive equipment.
The India Power Quality Equipment market is being driven by the rapidly expanding industrial and commercial sectors. As more industries and businesses rely on sensitive electronic equipment and machinery, the need to maintain a consistent and high-quality power supply is essential. Power quality equipment, such as voltage regulators, harmonic filters, and surge protectors, helps in ensuring a stable power supply, reducing downtime, and safeguarding equipment from electrical disturbances. Additionally, as the use of renewable energy sources grows, maintaining power quality becomes crucial to integrate these intermittent sources smoothly. Stringent regulations and the increasing awareness of the economic losses caused by poor power quality are compelling businesses to invest in power quality solutions, thus boosting market growth.
In the India Power Quality Equipment market, one of the key challenges is the effective management and mitigation of power quality issues. As the demand for cleaner energy sources and sensitive electronic equipment increases, the market must contend with issues such as voltage sags, harmonics, and voltage fluctuations. Additionally, the need for consistent regulatory standards and increased awareness among end-users remains a challenge.
The India power quality equipment market had to address the challenges posed by the pandemic, including variations in power demand and voltage fluctuations due to remote work and increased use of digital devices. The importance of power quality became evident as industries and businesses sought to maintain operational stability. Market players adapted by offering advanced power quality solutions, including voltage stabilizers and harmonic filters, to ensure uninterrupted power supply.
Prominent players in the India power quality equipment market include Emerson Electric, Fluke Corporation, and Schneider Electric. They provide equipment and solutions to maintain high-quality power and mitigate disturbances in electrical systems.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Power Quality Equipment Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Power Quality Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 India Power Quality Equipment Market - Industry Life Cycle |
3.4 India Power Quality Equipment Market - Porter's Five Forces |
3.5 India Power Quality Equipment Market Revenues & Volume Share, By Equipment, 2021 & 2031F |
3.6 India Power Quality Equipment Market Revenues & Volume Share, By Phase, 2021 & 2031F |
4 India Power Quality Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable power supply in industries and commercial sectors |
4.2.2 Growing investments in renewable energy sources leading to the need for power quality equipment |
4.2.3 Government initiatives promoting energy efficiency and power quality improvement |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with power quality equipment |
4.3.2 Lack of awareness about the benefits of power quality equipment among end-users |
4.3.3 Challenges in integrating power quality equipment with existing infrastructure |
5 India Power Quality Equipment Market Trends |
6 India Power Quality Equipment Market, By Types |
6.1 India Power Quality Equipment Market, By Equipment |
6.1.1 Overview and Analysis |
6.1.2 India Power Quality Equipment Market Revenues & Volume, By Equipment, 2021-2031F |
6.1.3 India Power Quality Equipment Market Revenues & Volume, By UPS, 2021-2031F |
6.1.4 India Power Quality Equipment Market Revenues & Volume, By Harmonic Filters, 2021-2031F |
6.1.5 India Power Quality Equipment Market Revenues & Volume, By Surge Protection Devices, 2021-2031F |
6.1.6 India Power Quality Equipment Market Revenues & Volume, By Voltage Regulators, 2021-2031F |
6.1.7 India Power Quality Equipment Market Revenues & Volume, By Static VAR compensators, 2021-2031F |
6.1.8 India Power Quality Equipment Market Revenues & Volume, By Power Quality Meters, 2021-2031F |
6.2 India Power Quality Equipment Market, By Phase |
6.2.1 Overview and Analysis |
6.2.2 India Power Quality Equipment Market Revenues & Volume, By Single , 2021-2031F |
6.2.3 India Power Quality Equipment Market Revenues & Volume, By Three Phase, 2021-2031F |
7 India Power Quality Equipment Market Import-Export Trade Statistics |
7.1 India Power Quality Equipment Market Export to Major Countries |
7.2 India Power Quality Equipment Market Imports from Major Countries |
8 India Power Quality Equipment Market Key Performance Indicators |
8.1 Power outage frequency and duration |
8.2 Voltage fluctuations and harmonics levels |
8.3 Number of installations of power quality equipment in key industries and sectors |
8.4 Energy efficiency improvements achieved through the use of power quality equipment |
8.5 Percentage of downtime reduction in critical operations due to the implementation of power quality solutions |
9 India Power Quality Equipment Market - Opportunity Assessment |
9.1 India Power Quality Equipment Market Opportunity Assessment, By Equipment, 2021 & 2031F |
9.2 India Power Quality Equipment Market Opportunity Assessment, By Phase, 2021 & 2031F |
10 India Power Quality Equipment Market - Competitive Landscape |
10.1 India Power Quality Equipment Market Revenue Share, By Companies, 2024 |
10.2 India Power Quality Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |