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Portable Power Quality Meter Market Trends

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

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Portable Power Quality Meter Market Trends

Rising consumer focus on energy efficiency and the integration of renewable energy sources into the grid will drive the demand for accurate power quality analysis. Stringent regulations and standards pertaining to power quality are further driving the adoption of portable meters. The industry is witnessing innovations including wireless connectivity, cloud-based data analytics, and user-friendly interfaces, making these devices a preferrable option. Surging requirements for uninterrupted operations and optimal performance across the industries will further drive the product demand.

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.