The Latin America, Middle East and Africa Power Quality Equipment Market would witness market growth of 7.8% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Power Quality Equipment Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $942.8 million by 2031. The Argentina market is showcasing a CAGR of 9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7.5% during (2024 - 2031).
There have been significant issues in maintaining power quality as a result of the inherent fluctuation of sources such as solar and wind energy. This shift to renewable energy on a global scale, which is motivated by the desire to cut carbon emissions, has created these challenges.
Additionally, countries like Germany and the United States have faced these challenges head-on, with Germany investing in advanced grid infrastructure like voltage regulators and battery energy storage systems and California deploying large-scale battery systems and smart inverters to stabilize their grids as they increase their reliance on renewables.
Countries like Brazil, Saudi Arabia, South Africa, and the UAE are leading the trend of rising demand for electricity in this region. They are driven by government initiatives that aim to expand and diversify their industrial bases while integrating renewable energy into their power grids. These developments introduce significant challenges in maintaining power quality, particularly as industries in these regions increasingly rely on sophisticated technologies sensitive to power fluctuations.
Free Valuable Insights: The Worldwide Power Quality Equipment Market is Projected to reach USD 47.2 Billion by 2031, at a CAGR of 6.1%
Based on Phase, the market is segmented into Three Phase and Single Phase. Based on Product, the market is segmented into Uninterruptable Power Supply (UPS), Power Quality Meters, Surge Protection Devices, Harmonic Filters, Voltage Regulators, and Others. Based on End Use, the market is segmented into Industrial & Manufacturing, Residential, Commercial, Utilities, and Transportation. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Phase
By Product
By End Use
By Country
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