Even in the face of the continued economic slowdown, many manufacturers are beginning to offer add-on power quality services, helping to boost revenues for the power quality equipment and services market in 2002 and create the potential for continued growth. A new report from Frost & Sullivan reveals that revenues for PQ services reached $4.95 billion in 2002 and could climb to $6.26 billion by 2006.
“Opportunity Analysis of the North American Power Quality Equipment and Services Markets” discusses the increased need for undisturbed power services created by the rapid growth of banking and financial institutions and the power quality services industry’s response to the demand. Residual concerns stemming from Sept. 11 have also contributed to the increase in demand by helping to push through higher defense budgets; more safety systems require more quality power.
The complete study is available at www.powersupplies.frost.com.
