Bulletin
Investor Alert

June 29, 2021, 11:57 a.m. EDT

Sag Corrector Market Size to Grow with a Moderate CAGR During 2021-2029, Create Opportunities for Market Growth

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    ABB Ltd. ADR (ABB)
  • X
    Rockwell Automation Inc. (ROK)
  • X
    Eaton Corp. PLC (ETN)

or Cancel Already have a watchlist? Log In

Jun 29, 2021 (AmericaNewsHour) -- Research Nester published a report titled "Sag Corrector Market: Global Demand Analysis & Opportunity Outlook 2029" which delivers detailed overview of the global sag corrector market in terms of market segmentation by amp rating, line voltage, wiring type, application, end-user industry, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global  sag corrector market  is segmented by end-user industry into retail, healthcare, commercial, industrial, IT, manufacturing, and others. Among these segments, the manufacturing segment is projected to hold the largest market share by the end of 2021 owing to the growing concern amongst the manufacturing organizations for the significant loss faced due to faulty grid power supply, along with the significant dependence of manufacturing industries on electrical energy to power the equipment deployed in the factories.

The global sag corrector market is anticipated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029 on account of the numerous challenges observed in grid electricity, such as voltage sags and others, which is raising the need amongst the end-users to deploy sag correctors to avoid equipment failure. Moreover, the high cost-effectiveness of sag correctors over uninterrupted power systems (UPS), is also anticipated to contribute to the market growth in the coming years.

Get Exclusive Sample Data Copy Of This Report @  https://www.researchnester.com/sample-request-2878

Regionally, the global sag corrector market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa regions, out of which, the market in North America is anticipated to hold a significant market share by the end of 2029. The growth of the market in the region can be attributed to the poor grid power quality observed in the nations such as the United States and Canada, and therefore the need for enhanced power quality by the end-users. Additionally, increasing awareness amongst the end-users in the region for voltage sag is also anticipated to contribute significantly to the market growth in the region.

Increasing Concern Amongst Organizations to Optimize their Operational Costs

Poor power quality often leads to voltage sag, thereby hampering businesses with unscheduled downtime and increased labor cost. Further, when the plant is operating at full capacity, any downtime caused by voltage sag significantly hampers the overall revenue, thereafter raising the value of lost sales. As a result, there is a rising need amongst the end-users to increasingly deploy voltage sag correctors so as to minimize their unscheduled downtime and maintenance costs, and further for the greater optimization of their operational costs.

However, the lack of awareness for sag correctors in many under-developed and developing nations globally is expected to operate as a key restraint to the growth of the global  sag corrector market  over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global sag corrector market which includes company profiling of ABB /zigman2/quotes/209404356/composite ABB -1.99% , Rockwell Automation, Inc. /zigman2/quotes/206335564/composite ROK -0.20% , Schneider Electric (otcmkts:SBGSY), Eaton Corporation plc /zigman2/quotes/205393239/composite ETN +0.08% , General Electric Company /zigman2/quotes/208495069/composite GE +1.20% , SMC Electric (hkg:2381), ORTEA SpA, Utility systems Technologies, OKY LTD., and Toshiba Mitsubishi-Electric Industrial Systems Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global sag corrector market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

Get Exclusive Sample Data Copy Of This Report @  https://www.researchnester.com/sample-request-2878

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Contact Us

AJ Daniel
Email:  info@researchnester.com
U.S. Phone: [+1 646 586 9123]
U.K. Phone: [+44 203 608 591]

The post Sag Corrector Market Size to Grow with a Moderate CAGR During 2021-2029, Create Opportunities for Market Growth appeared first on America News Hour .

COMTEX_389106247/2606/2021-06-29T11:56:53

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/209404356/composite
US : U.S.: NYSE
$ 32.55
-0.66 -1.99%
Volume: 2.63M
Oct. 25, 2021 4:00p
P/E Ratio
36.10
Dividend Yield
2.08%
Market Cap
$65.88 billion
Rev. per Employee
$246,913
loading...
/zigman2/quotes/206335564/composite
US : U.S.: NYSE
$ 315.68
-0.62 -0.20%
Volume: 440,583
Oct. 25, 2021 4:03p
P/E Ratio
23.99
Dividend Yield
1.36%
Market Cap
$36.70 billion
Rev. per Employee
$269,383
loading...
/zigman2/quotes/205393239/composite
US : U.S.: NYSE
$ 162.51
+0.13 +0.08%
Volume: 1.02M
Oct. 25, 2021 4:00p
P/E Ratio
34.61
Dividend Yield
1.87%
Market Cap
$64.71 billion
Rev. per Employee
$194,136
loading...
/zigman2/quotes/208495069/composite
US : U.S.: NYSE
$ 105.30
+1.25 +1.20%
Volume: 6.49M
Oct. 25, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.30%
Market Cap
$114.21 billion
Rev. per Employee
$459,155
loading...

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.