Strong Market Growth for PQ Devices
Staff -- Consulting-Specifying Engineer, 3/1/2002
The U.S. market value of major power-quality products, which totaled $3.8 billion in 2000, is predicted to hit $7.1 billion by 2006—an 11% compound average annual growth rate.
A recently published survey from Business Communications Co. (www.bccresearch.com), The Power Quality Equipment and Services Market: A 21st Century Growing Industry, also predicts:
- Uninterruptible power supplies, which currently make up nearly 72% of the market, will grow at 11.2%, reaching $5.2 billion in 2006.
- Transient voltage surge suppressors, the second largest segment at 20%, will realize slightly slower growth than the rest of the market.
- Power conditioning and monitoring systems (8%), which make up the balance of the market, will grow the fastest at an annual rate of 13% over the period, reaching $187 million in 2006.
BCC researchers note in the study that the overall PQ market is "robust" and that "enterprise applications and large-facility markets—such as data centers—will see the most pronounced growth of the next few years."
The survey also reports that recent breakthroughs, such as those in flywheel UPS design, will result in a dramatic drive for market share by makers of these technologies.
From Pure Power, Spring 2002.
