Power Quality Equipment Market Driven by Increasing Need for High-Speed Internet Connectivity
According to the latest report by IMARC Group, the global power quality equipment market reached a value of US$ 15.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.7 Billion by 2027, exhibiting at a CAGR of 7.10% during 2022-2027. Power quality equipment are devices that are used for providing, regulating, and maintaining uniform power capacity. They include isolation transformers, harmonic filters, compensators, uninterruptable power supply (UPS), etc. Power quality equipment are utilized to ensure a steady voltage supply and minimize the utility of several systems at a time. These devices offer various benefits, such as…