This report is designed for companies and decision-makers seeking actionable insights on market size, growth, trends, and competitive strategies to drive expansion and success in the Power Quality Equipment industry.
What is the anticipated market size of the power quality equipment industry over the next few years?
The power quality equipment market size has grown strongly in recent years. It will grow from $26.2 billion in 2024 to $27.61 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to expansion of industrial and manufacturing sectors, growth in sensitive electronic equipment, demand for stable and clean power supply, increase in grid disturbances and voltage fluctuations, regulatory standards for power quality.
The power quality equipment market size is expected to see strong growth in the next few years. It will grow to $34.65 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to customized power quality solutions for specific industries, integration of iot and real-time monitoring, sustainable and eco-friendly power quality equipment, expansion in renewable energy integration, increased use in electric vehicle charging infrastructure. Major trends in the forecast period include power quality analytics and predictive maintenance, regulatory compliance in power quality equipment safety, smart and adaptive power quality solutions, integration of energy storage for grid stabilization, collaboration between power quality and cybersecurity.
Download Your Free Sample PDF:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6553&type=smp
What emerging drivers are expected to shape the future of the power quality equipment market?
Increasing government investments in the grid modernization project is significantly driving the growth of the power quality equipment market. The grid modernization project refers to the process of modernizing the electrical grid to make it safer, more productive and able to handle new technologies, new types of electricity generation and distribution and the integration of renewable energy sources. As countries strive to enhance their energy infrastructure and ensure a more stable and reliable power supply, the demand for power quality equipment, such as voltage regulators, surge protectors, and uninterruptible power supplies, has surged. These investments are crucial in addressing power quality issues, reducing downtime, and improving overall grid efficiency, making them a driving force behind the expansion of the power quality equipment market. For instance, in October 2023, the Grid Deployment Office, a US-based office that works to provide electricity to everyone, everywhere by maintaining and investing in critical generation facilities, announced an investment of $10.5 billion in the Grid Resilience and Innovation Partnerships (GRIP) Program as part of the Bipartisan Infrastructure Law to increase grid flexibility and strengthen the power system’s resilience against the growing threats of extreme weather and climate change. Thus, increasing government investments in the grid modernization project will increase demand for power-quality equipment.
What emerging segments are shaping the future landscape of the power quality equipment industry?
The power quality equipment market covered in this report is segmented –
1) By Equipment: Surge Arresters, Surge Protection Devices, Harmonic Filters, Power Conditioning Units, Power Distribution Unit, Uninterruptable Power Supply, Synchronous Condenser, Voltage Regulator, Digital Static Transfer Switch, Static VAR Compensator, Solid Oxide Fuel Cells, Isolation Transformers, Power Quality Meters, Other Equipment
2) By Phase: Single Phase, Three Phase
3) By Application: Industrial & Manufacturing, Commercial, Residential, Transportation, Utilities
Subsegments:
1) By Surge Arresters: Station Class Surge Arresters, Distribution Class Surge Arresters
2) By Surge Protection Devices: Type 1 Surge Protection Devices (SPDs), Type 2 SPDs, Type 3 SPDs
3) By Harmonic Filters: Active Harmonic Filters, Passive Harmonic Filters
4) By Power Conditioning Units: Voltage Regulators, Frequency Converters
5) By Power Distribution Unit (PDU): Basic PDUs, Metered PDUs, Switched PDUs
6) By Uninterruptable Power Supply (UPS): Online UPS, Offline UPS, Line Interactive UPS
7 By Synchronous Condenser: Fixed-Speed Synchronous Condensers, Variable-Speed Synchronous Condensers
8) By Voltage Regulator: Automatic Voltage Regulators (AVR), Ferroresonant Voltage Regulators
9) By Digital Static Transfer Switch (STS): Single-Phase STS, Three-Phase STS
10) By Other Equipment: Voltage Stabilizers, Capacitor Banks, Reactive Power Compensators
View The Full Market Report:
https://www.thebusinessresearchcompany.com/report/power-quality-equipment-global-market-report
What future trends will impact the direction of the power quality equipment industry?
Major companies operating in the power quality equipment sector are focused on strategic collaboration to meet customer demands and strengthen their market position. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in June 2023, Deere & Company (John Deere), a US-based heavy and powerful turf manufacturing company, announced strategic collaboration with EGO, a US-based battery outdoor power equipment company and Chervon, a China-based power tool and outdoor power equipment company. The partnership between Deere & Company (John Deere), EGO, and Chervon intends to provide homeowners with a comprehensive range of EGO’s battery-powered lawn care products through John Deere dealers. This collaboration combines John Deere’s market presence with EGO’s innovative and ecologically friendly solutions. Customers will be able to purchase EGO-branded battery products through John Deere dealers under this partnership Therefore contributing to the expansion of the power electronics sector. The brands will be able to provide EGO battery-powered lawn care solutions to homes as part of this arrangement.
How are key players in the power quality equipment market strengthening their market position?
Major companies operating in the power quality equipment market include Eaton Corporation plc, ABB Ltd., Siemens AG, Schneider Electric SE, General Electric Company, Toshiba Corporation, Emerson Electric Co., Legrand SA, Honeywell International Inc., AMETEK Inc., Piller Group GmbH, Acumentrics Corporation, Leviton Manufacturing Co. Inc., MTE Corporation, Socomec India Private Limited, Infinite Electronics Inc., Hitachi ABB Power Grids Ltd., Active Power Inc., Smiths Group plc, Powervar Inc., S&C Electric Company, Delta Electronics Inc., Mitsubishi Electric Corporation, Rockwell Automation Inc., Fuji Electric Co. Ltd., SolaHD, Eaton Corporation, Phoenix Contact GmbH & Co. KG, Panduit Corporation, Littelfuse Inc.
Which geographic areas are contributing significantly to the growth of the power quality equipment sector?
Asia-Pacific was the largest region in the power quality equipment market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the power quality equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
How Can Companies Use The Power Quality Equipment Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
Purchase The Report And Get A Swift Delivery:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6553
Need Customized Data On Power Quality Equipment Market?
For companies needing more tailored intelligence, The Business Research Company offers customized consulting and data services. Whether you’re entering new regions, launching innovative products, or assessing M&A opportunities, our experts can develop actionable insights specific to your business objectives.
Request Customized Data:
https://www.thebusinessresearchcompany.com/customise?id=6553&type=smp
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
