Power Quality meter market projected to grow at a CAGR of 7.5% from 2016 to 2021

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• published: 22 Jun 2016
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Now Get a sample Copy Of This Report Now at http://www.rnrmarketresearch.com/contacts/request-sample?rname=606053 “Power Quality meter market projected to grow at a CAGR of 7.5% from 2016 to 2021” The power quality meter market is projected to reach USD 1,252.0 million by 2021, growing at a CAGR of 7.5% during the forecast period. Power quality meters playa crucial role in the industrial, manufacturing, and commercial sectors across various applications, including transformers, feeders, motors, motor control centers, and other equipment. The growing need to protect electrical networks and components, investments in renewable power plants, and increasing refurbishment activities in developed economies are expected to drive the global power quality meter market. “Utility: The fastest growing end-user segment” Utility is estimated to constitute the fastest growing end-user segment of the power quality meter market. The reason for the same can be attributed to the increasing investments in transmission & distribution infrastructure in developed economies; North America and Europe are investing heavily in upgrading their existing transmission & distribution infrastructure. “Asia-Pacific: The fastest growing market for power quality meter” The Asia-Pacific power quality meter market is estimated to have the highest growth rate, owing to the increased urbanization & industrialization, which propel the demand for power quality meters. China dominated the global power quality meter market in 2015, on the account of extensive upgradation of electrical infrastructure and installation of new transmission & distribution lines. China and India are estimated to be the fastest growing markets for power quality meters in the region from 2016 to 2021. The figure given below indicates the market size of various regions by 2021, with their respective CAGRs during the forecast period. Asia-Pacific region are swiftly making stride toward implementing stricter regimes for the supply of the quality power at the commercial facilities such asIT hubs, banking institutions, and other facilities which would further drive the demand for power quality meters. Breakdown of Primaries: In-depth interviews have been conducted with various key industry participants, subject-matter experts, corporate-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows: Why buy this report? • The report identifies and addresses key markets for power quality meter, and is therefore useful for suppliers and OEMs for reviewing production and distribution plans. • The report includes an analysis of key countries, by end-users of power quality meter. It analyzes historical trends and provides a forecast for 2021,which would assist in strategic decision making. • It presents a competitive landscape of the power quality meter market by analyzing recent market developments such as contracts& agreements, expansions, mergers & acquisitions, and new product launches from key global market players. It helps to understand competitive strategies and plan respective initiatives. https://youtu.be/5SQlDey1OBA