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Mountain View, CA, United States, 2011/03/11 - New analysis from Frost & Sullivan, World Power Quality Test and Measurement (T&M) Equipment Market, finds that the market earned revenues were $556.7 million in 2009 and estimates this to reach $697.6 million by 2016.
Higher energy efficiency of electrical devices and systems as well as stronger energy efficiency policies are making a robust case for the adoption of power quality test and measurement (T&M) equipment. Enhanced standards and stringent regulatory norms for power quality have also prompted facilities to deploy test equipment. Europe, for instance, has strict regulations for power quality measurement, number cycle and analysis.
New analysis from Frost & Sullivan (powersupplies.frost.com), World Power Quality Test and Measurement (T&M) Equipment Market, finds that the market earned revenues were $556.7 million in 2009 and estimates this to reach $697.6 million by 2016.
If you are interested in more information on this study, please send an email to Britni Myers, Corporate Communications, at britni.myers[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.
"In Asia Pacific and Latin America, utilities and power distribution companies have begun to implement new penalties for failing to meet power quality standards," said Frost & Sullivan research analyst Ana Laverde. "Facilities with low power quality are installing or renting power quality T&M equipment to locate and prevent power disturbances and avoid penalties."
The economic growth in Asia Pacific countries, especially India and China, has not only expanded the customer base of European and North American power quality equipment manufacturing companies, but also triggered infrastructure development. This trend necessitates efficient resolution of power quality problems in these emerging economies, which bodes well for the T&M equipment market.
Furthermore, mature markets such as North America and Europe have aging systems, which need replacement. This opens up opportunities for retrofits and replacement equipment.
To make the most of the markets’ potential, participants have to combat the lack of consumer awareness. Consumers tend to include power quality requirements in their budgets as an afterthought, and this is indicative of their limited awareness about the benefits of power quality T&M equipment.
"Losses caused by power quality disturbances are often difficult to quantify, and many users are hesitant to invest significantly on instrumentation," said Laverde. "By addressing each of the power quality-related issues, customers can better quantify the losses."
Market participants should adopt effective communication channels to educate end-users about the selection and use of equipment or systems that are vulnerable to power quality disturbances, the source of power quality problems and the methods in which low power quality affects their facilities.
World Power Quality Test and Measurement (T&M) Equipment Market is part of the Power Systems Growth Partnership Services program, which also includes research in the following markets: World Power Factor Correction Capacitor Market, North America Transfer Switch Market, World Static Transfer Switch Market and World Server Rack and Rack Options. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.
World Power Quality Test and Measurement (T&M) Equipment Market / N7F7