USD 33.4 billion
Power Quality Equipment Market Size, Share, and Growth Analysis
Power Quality Equipment Market By Equipment (Power Quality Meters, Surge Protection Devices), By Phase (Single Phase, Three Phase), By End-User (Residential, Commercial), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20E2109 |
Region:
Global |
Published Date: February, 2025
Pages:
198
|Tables:
87
|Figures:
69
Format -
Power Quality Equipment Market Insights
Global Power Quality Equipment Market size was valued at USD 33.4 billion in 2023 and is poised to grow from USD 35.57 billion in 2024 to USD 58.87 billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).
The demand for power quality measurement equipment is experiencing significant growth due to increasing reliance on complex electrical systems and the need for reliable, uninterrupted power supplies across various industries. In the past few decades, the telecommunications sector has experienced significant growth and expansion. In addition to voice communication systems, concepts like IoT have increased the need for data transmission in the telecom sector. The emergence of data centers and their huge consumption of power has paved the way for the power quality equipment market to serve the rising needs of the sector. To ensure the efficient functioning of the data centers, the companies are making extensive use of power quality equipment and systems increasing their demand significantly. For instance, on July 6, 2023, Center3, a company managing data centers in the Kingdom of Saudi Arabia announced the expansion of Khurais Riyadh data center to drive the growth of innovation in the region. Such, expansions in data centers would increase the demand for power quality equipment and lead to the growth of global power quality equipment market during the forecast period.
The growth in the market is also governed by the rise in the number of technological advancements for power quality equipment in the last few years. In addition, the market is expected to be further driven by strict smart government regulations on reactive power and penalties implied on end-users coupled with energy efficiency policies in different nations around the globe.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Three-phase
Fastest Growth
Single-phase
Growth Rate
6.5% CAGR
Global Power Quality Equipment Market ($ Bn)
Country Share for North America Region (%)
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Power Quality Equipment Market Segments Analysis
Global Power Quality Equipment Market is segmented by Equipment, Phase, End-User and region. Based on Equipment, the market is segmented into Power Quality Meters, Surge Protection Devices, Harmonic Filters, Voltage Regulators, Uninterruptable Power Supply (UPS) and Others. Based on Phase, the market is segmented into Single Phase and Three Phase. Based on End-User, the market is segmented into Residential, Commercial, Industrial & Manufacturing, Utilities and Transportation. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Application
As per global power quality equipment market outlook, the industrial & manufacturing segment dominated the market and accounted for 32.1% of the revenue share in 2024. In the industrial and manufacturing segment, the demand for power quality measurement equipment is significant due to the critical need for reliable and stable electrical systems to support complex machinery and processes. Industrial operations often involve large, sophisticated equipment that requires precise power quality monitoring to prevent disruptions, reduce downtime, and ensure optimal performance. The increasing use of automation, advanced manufacturing techniques, and integration of renewable energy sources in industrial settings further drive the need for advanced power quality measurement tools to effectively manage voltage imbalances, harmonics, and other power quality issues.
As per global power quality equipment market analysis, transportation segment is the fastest growing in the market. The demand for power quality measurement equipment is rising in the transportation segment as the industry modernizes and integrates more sophisticated electrical and electronic systems. With the growth of electric and hybrid vehicles and the increasing reliance on advanced signalling, communication, and control systems in rail and road networks, there is a heightened need for precise monitoring of power quality. Ensuring stable and high-quality power is essential for the reliable operation of these systems, minimizing disruptions and maintaining safety and efficiency across transportation infrastructure.
Analysis by Type
As per global power quality equipment market forecast, the three-phase type segment dominated the market and accounted for 58.5% of the global market revenue share in 2024. The demand for three-phase power quality measurement equipment is robust, driven by its crucial role in monitoring and managing the performance of complex industrial and commercial electrical systems. As three-phase systems are widely used in large-scale operations and critical infrastructure, precise measurement tools to detect imbalances, harmonics, and other disturbances are essential for maintaining system efficiency and reliability. The increasing complexity of industrial machinery and the integration of renewable energy sources amplify the demand for advanced three-phase measurement solutions to ensure optimal operation and prevent costly downtimes.
Single-phase segment is the fastest growing in the market due to wider availability and infrastructure. The demand for single-phase power quality measurement equipment is growing as more residential and smaller commercial settings seek to protect sensitive electronic devices and optimize energy consumption. With the proliferation of household appliances, electronic devices, and small-scale business operations that rely on single-phase power, measurement tools that can monitor voltage fluctuations, harmonics, and other power quality issues are needed. This growing focus on improving energy efficiency and safeguarding equipment performance in these settings drives the increasing adoption of single-phase power quality measurement solutions.
Global Power Quality Equipment Market By Type (%)
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Power Quality Equipment Market Regional Insights
North America dominated the power quality equipment market due to ongoing investments in infrastructure modernization, the expansion of renewable energy, and increasing regulatory requirements. The region's focus on enhancing energy efficiency, integrating advanced technologies into power grids, and maintaining high standards of power quality drives the adoption of sophisticated measurement tools. The need to manage complex electrical systems, prevent disruptions, and comply with stringent standards across industrial, commercial, and residential sectors supports North America's robust demand for power quality measurement solutions. The U.S. and Canada are heavily investing in upgrading aging power grids to improve reliability and efficiency.
The power quality equipment market in Asia Pacific witnesses a robust demand fuelled by rapid industrialization, urban expansion, and increasing technological advancements. Countries like China, Japan, and South Korea invest heavily in modernizing their power infrastructure and integrating renewable energy sources, creating a significant need for advanced power quality monitoring tools. In addition, the rise of smart cities and advanced manufacturing processes across the region enhances the demand for precise and reliable measurement solutions to manage complex electrical systems and ensure operational efficiency. Countries like China, India, Japan, and South Korea are witnessing massive industrial growth, increasing the demand for stable and high-quality power supply.
Global Power Quality Equipment Market By Geography
- Largest
- Fastest
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Power Quality Equipment Market Dynamics
Drivers
Increasing Demand for Uninterrupted Power Supply
- The modern industrial and commercial landscape is relying heavily on continuous and reliable power to maintain productivity and operational efficiency, which is driving the global power quality equipment market growth. Manufacturing, healthcare, information technology (IT), and telecommunications industries all have strict requirements for uninterrupted power supplies. Furthermore, healthcare institutions rely on consistent power to keep life-saving equipment operational and vital systems such as patient monitoring devices and diagnostic gear running.
Rising Industrial Automation
- Modern industries are increasingly adopting automation technologies to enhance productivity, precision, and efficiency. Robotic arms, computer numerical control (CNC) machines, and automated assembly lines all require reliable power to function effectively. Power disturbances such as voltage fluctuations, harmonics, and transient interruptions can all have a substantial impact on the performance and longevity of this sophisticated equipment.
Restraints
Cost Associated with Equipment
- The primary objective of power quality (PQ) equipment is to reduce the number of devices utilized by a system. Additionally, it provides databases where data may be collected, analyzed, and saved instantly and measure and analyze data needed for a short duration. Businesses are impacted by power quality in a variety of short, mid, and long-term ways. An insufficient level of electricity frequently causes financial losses, adverse societal effects, and inappropriate use of resources. Various functions, including disturbance detection and location. As a result, this equipment is pricey and requires costly installation. The overall expansion of the power quality equipment market share is anticipated to be constrained by the high costs of high-end equipment.
Complex Regulatory Landscape and High Initial Investment
- One of the significant challenges in the Power Quality Equipment market is navigating the complex regulatory landscape. Power quality standards and regulations vary widely across regions and countries, making it difficult for manufacturers to develop products that comply with all requirements. For instance, discussions during the Thirty-First Meeting of the Forum of Regulators highlighted the need for greater regulatory intervention to ensure quality power supply, emphasizing that compliance with power quality standards is essential for maintaining operational efficiency and avoiding penalties.
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Power Quality Equipment Market Competitive Landscape
The global power quality equipment industry is characterized by the presence of several key players striving for innovation and market leadership. Prominent companies in this sector include ABB Ltd., Eaton Corporation PLC, Siemens AG, Schneider Electric SE, and General Electric Company. These industry leaders are focusing on developing advanced solutions to enhance power quality and reliability across various applications.
Top Player’s Company Profiles
- ABB (Switzerland)
- Schneider Electric (France)
- Eaton Corporation (Ireland)
- Siemens Energy (Germany)
- Legrand (France)
- Mersen (France)
- Schurter (Switzerland)
- Ametek (USA)
- General Electric (USA)
- Emerson Electric (USA)
- Honeywell International (USA)
- Mitsubishi Electric (Japan)
- Fuji Electric (Japan)
- Toshiba Corporation (Japan)
- Hitachi (Japan)
- Rockwell Automation (USA)
- Yokogawa Electric (Japan)
- Littelfuse (USA)
- Vertiv (USA)
- Socomec (France)
Recent Developments
- In January 2024: CyberPower announced that it is expanding its Smart App Sinewave UPS Series to include Lithium-Iron models. These next-generation systems will offer all the advantages of Smart App Sinewave UPS systems but with less maintenance and a longer product lifecycle.
- In May 2024: Eaton acquired Exertherm, a UK-based privately owned company that provided thermal monitoring solutions for electrical equipment.
- In April 2022: ABB India officially opened its expanded factory for Digital Substation Products and Digital Systems in Gujarat. Situated within ABB India’s largest manufacturing campus, this new facility addresses the increasing demand for a variety of digital substation products, serving not only India but also over 50 other countries.
Power Quality Equipment Key Market Trends
- Expansion of Renewable Energy Sources: The global shift towards renewable energy sources, such as solar and wind power, is another key factor contributing to the power quality equipment market growth. According to the International Energy Agency (IEA), the world is on course to add more renewable capacity in the next 5 years than all that has been built in the last 100 years. Around 3700 GW of new renewable capacity will come online between 2023 and 2028. Renewable energy integration into the power grid introduces variability and intermittency in power supply, as these sources are inherently dependent on environmental conditions.
- Adoption of Automation Drive Demand for Reliable Power Quality Solutions: Industrial growth and automation are boosting demand for reliable power quality solutions to protect unique machinery and processes. As industries broaden and adopt sophisticated automation technologies, the need for stable and clean power becomes crucial. For instance, Tesla’s Gigafactories deploy cutting-edge robotics and manufacturing systems as well as rely on uninterruptible power supplies (UPS) and voltage regulators to prevent disruptions and safeguard their high-value equipment.
Power Quality Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to SkyQuest analysis, power quality equipment is usually used in power grids for ensuring continuous and stable power supply. Different kind of power equipment include power quality analyzers, voltage regulators, uninterrupted power supply (UPS), harmonic filters, etc. The industrial and manufacturing sectors require a continuous and stable supply of power to carry the daily operations. Hence, the demand for power quality equipment to ensure an efficient power supply is high in these sectors which can provide the necessary boost for the global power quality equipment market to grow. Moreover, the expansion of grid infrastructure in various parts of the world is driving the demand for power quality equipment devices and systems fueling the growth of the global power quality equipment market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 33.4 billion |
| Market size value in 2032 | USD 58.87 billion |
| Growth Rate | 6.5% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Power Quality Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Power Quality Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Power Quality Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Power Quality Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Power Quality Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Power Quality Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Power Quality Equipment Market Report Snapshots
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