Research and Markets: The Global Intelligent Power Quality (PQ) Analyzer Market to Reach US$407.7 Million By 2016
Research and Markets (http://www.researchandmarkets.com/research/tnxz8z/global) has announced the addition of the "Global Intelligent Power Quality Analyzer Market 2012-2016" report to their offering.
One of the key factors contributing to this market growth is the increasing demand from developing countries. The Global Intelligent PQ Analyzer market has also been witnessing the increasing demand for integrated PQ analyzers. However, the lack of awareness about intelligent PQ analyzers could pose a challenge to the growth of this market.
The key vendors dominating this market space are Hioki E.E. Corp., Megger Ltd., Dranetz Technologies Inc., and Elspec Ltd.
The other vendors mentioned in the report are Fluke Corp., Mitsubishi Corp., Schneider Electric SA, Supreme Technology & Energy Solutions Australia Pty. Ltd., and Amperis Products SL.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''Many intelligent power quality (PQ) analyzer vendors are offering products to industries and utilities for maintenance and production operations. However, the market is witnessing huge demand for intelligent IQ analyzers from OEMs. Many OEMs have begun to adopt intelligent PQ analyzers to improve their product efficiency. For instance, some of the uninterruptable power supply (UPS) manufacturers are interested in using intelligent PQ analyzers in their UPS products. Therefore, many vendors are focusing on original equipment manufacturers (OEMs), which are expected to incorporate intelligent PQ analyzers in their final products.
According to the report, the Global Intelligent PQ Analyzer market is experiencing huge potential from developing countries such as China, Korea, Russia, South Africa, and Brazil. Increasing urbanization has led to increasing demand for the Utility sector in developing countries. The Power Quality Devices industry and the Power Electronics industry are experiencing strong demand from developing countries, especially from the APAC region. These industries support the adoption and growth of the market in developing countries. In addition, many vendors in developing countries offer intelligent PQ analyzers at low prices, which in turn further encourages the adoption of intelligent PQ analyzers.
For more information visit http://www.researchandmarkets.com/research/tnxz8z/global