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Portable Power Quality Meter Market Analysis

  • Report ID: GMI9462
  • Published Date: May 2024
  • Report Format: PDF

Portable Power Quality Meter Market Analysis

The commercial portable power quality meter industry size will exceed over USD 450 million by 2032. These meters provide valuable insights to ensure the smooth operation of appliances and electronics while also helping to prevent potential damage or malfunctions. Increasing consumer inclination toward compact and portable design along with ease of mobility will positively impact the industry growth.

Portable Power Quality Meter Market Revenue Share, By Application, 2023

The industrial portable power quality meter market size will witness growth rate of over 7.5% through 2032. These units enable proactive maintenance helping to identify and address issues such as voltage fluctuations, harmonic distortions and power imbalances before they escalate into costly problems. In addition, increasing infrastructural investments along with robust development of industries primarily across the developing nations is set to energize the business dynamics.

Asia Pacific Portable Power Quality Meter Market Size, 2022 - 2032 (USD Million)

Asia Pacific portable power quality meter market is set to surpass USD 800 million by 2032. Growing industrialization coupled with increasing need for reliable power infrastructure will escalate the industry outlook. Rising awareness of energy efficiency along with surging need to minimize power disruptions will drive the product deployment. Ongoing government schemes toward the expansion of manufacturing sector in line with increasing urbanization rate will further favor the business scenario.

Growing adoption of renewable energy sources along with robust expansion of smart grids will amplify the U.S. portable power quality meter market. Stringent regulatory requirements for power quality along with surging focus on improving energy efficiency and minimizing downtime will fuel the product deployment. These meters are essential tools for monitoring, analyzing and managing electrical power systems, ensuring stable and efficient operations which in turn will stimulate the industry growth.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market valuation of portable power quality meter was registered USD 1.01 billion in 2023 and will expand at over 7.4% CAGR between 2024 and 2032 owing to the rising emphasis on ensuring reliable power supply and minimizing downtime in industrial and commercial sectors.

Industrial portable power quality meter industry will grow at 7.5% CAGR from 2024 to 2032, attributed to their crucial role in ensuring uninterrupted operations and efficiency in industrial settings.

Asia Pacific portable power quality meter industry will exceed USD 800 million by 2032, driven by rapid industrialization, urbanization, and infrastructural development across the region.

Prominent firms operating in the portable power quality meter industry are Accuenergy Ltd., Delta Electronics, Inc., Eaton, Elspec Ltd., Emerson Electric Co., Fluke Corporation, General Electric, M B Control & Systems Pvt Ltd., Megger, and Mitsubishi Electric Corporation, among others.

Portable Power Quality Meter Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 30
  • Countries covered: 28
  • Pages: 112
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