Power Quality Meters which are compliant with IEC-61000-4 have a very niche market and not every utility and generation facility is interested to install these meters. But in the recent years, regulatory bodies in different countries have realized the importance of power quality in the grid and its impact on the economics of the country. This trend has had a varied impact on the Power Quality meters market lately across different regions on the globe. Below are some of the highlights from the year 2019:
Ranking by Company
“The top five players globally have captured the market share for almost 45% of the global market with the represence in different regions.“
- Schneider Electric
- SEL
- Electro Industry
- Metrum
- SATEC
Global Market Size – 2019
North America leads the market for power quality meters due to its large utility sector. But these trends are expected to change considerably in the coming years.
Total Units: 65,145
Total Revenue : 307,805,000 USD
Americas: 52%
EMEA: 29%
APAC: 18%
Market By Application Vertical
The distribution and transmission companies install 86% of the advanced.
Utility: 86%
Generation: 14%
Compliant with latest standard
Following companies have products which are compliant with the recent IEC 62586-1-2 standards:
- Schweitzer Engineering Laboratories
- Siemens
- Secure
- Schneider Electric
- Metrum
Contact:
Rabail Saeed – Client Relationship Manager
rabail.saeed@powertechnologyresearch.com
Rafey Khan – Product Manager, Quality Meters
rafey.khan@powertechnologyresearch.com