The Global Power Quality Equipment Market
The total of global shipments of power quality equipment was $7.8 billion in 2006, and will grow at a compound annual growth rate (CAGR) of 6.9% to more than $11 billion by 2011.
Commercial growth holds the largest share of the market, worth more than $2.5 billion in 2006 and growing at a CAGR of 6.3% to reach $3.4 billion in 2011.
The industrial and utility sectors share the highest growth rates in the market, with a CAGR of 7.9% through 2011, reaching $3.2 billion and $2.0 billion respectively at the end of the forecast period.
BCC's goal in conducting this study was to determine the current status of the power quality industry and assess its growth potential over a 5-year period from 2006 to 2011. We were particularly interested in the residential, commercial, industrial, and utility sectors and their respective importance to the power quality market. In addition, we were interested in the market potential for emerging PQ technologies. Our key objective was to present a comprehensive analysis of the industry and its future direction.
Although power quality is a relatively new industry, its inevitable growth is directly linked to the growing use of sophisticated electronic technology. We were interested in determining how power quality equipment is being used and examining its growth potential in existing and emerging markets.
BCC examined this industry in a 2001 analysis (The Power Quality Equipment and Services Market). Since this industry is changing rapidly, we wanted to conduct another analysis and project its current condition.
SCOPE OF STUDY
This report contains:
- The total global market for power quality equipment, broken down into sectors such as: residential, commercial, industrial, and utility
- A detailed analysis of market trends and compound annual growth rates through 2011
- Discussion and analysis of the latest technological trends, including new and potential technology
- A detailed patent analysis
- An examination of government support, R&D, industry organizations and activities in major regions of the world.
- Profiles of the top companies in the market.
BCC presents an analysis by each PQ technology shipped in 2006. Our estimated value is what manufacturers have shipped in un-depreciated dollars. Then based on our surveys, we analyze the potential applications for each technology and forecast shipments for 2006 and 2011. We also analyze PQ shipments by industry groups that use the various technologies.
Our analyses of emerging PQ technologies include 2006 shipments for those that are currently available and estimated starting year shipments for the other technologies.
BCC surveyed approximately 72 companies to obtain data for this study. Included were manufacturers of all of the various technologies and related products. We also spoke with PQ users in a variety of industries. In addition, we compiled data from current financial and trade organizations as well as from government sources.
The U.S. market value of major power quality-related products groups was approximately $3.8 billion in 2000.
The overall market will rise at an average annual growth rate (AAGR) of 11% through 2006, reaching nearly $7.2 billion.
Uninterruptible power supplies make up nearly 72% of the market, and will continue this dominance through the forecast period.
Transient voltage surge suppression makes up the second largest segment, 20%, and will grow at an AAGR slightly lower than the overall market.
Power conditioning and power monitoring make up the remaining 8%, with monitoring systems growing the fastest, at a 13% AAGR through 2006.