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Power Quality Equipment Market Size, Share, Growth & Industry Analysis, By Type (Uninterruptable Power Supply, Power Quality Meters, Surge Protection Devices & Others), By Phase (Single, Three), By End Use (Residential, Commercial, Industrial & Manufacturing, Utilities), and Regional Analysis, 2024-2031
Pages: 180 | Base Year: 2023 | Release: April 2025 | Author: Versha V.
The market focuses on devices and systems designed to mitigate power quality issues, ensuring the stability and reliability of electrical power. Power quality issues, such as voltage sags, surges, harmonics, and transients, can undermine the efficiency and lifespan of electrical systems.
Key solutions include surge protectors, voltage regulators, uninterruptible power supplies (UPS), and power conditioners. The report provides a comprehensive analysis of key drivers, emerging trends, and the competitive landscape influencing the market over the forecast period.
The global power quality equipment market size was valued at USD 36.25 billion in 2023 and is projected to grow from USD 38.43 billion in 2024 to USD 62.23 billion by 2031, exhibiting a CAGR of 7.13% during the forecast period.
The increasing demand for reliable and high-quality power supply is driving the adoption of power quality equipment across various industries. With the growing integration of automation and digital technologies, the reliance on sensitive electronic systems is rising, necessitating effective solutions to mitigate power disturbances.
Major companies operating in the power quality equipment industry are Schneider Electric, ABB, Toshiba International Corporation, Yokogawa Test & Measurement Corporation, Siemens, Hitachi Energy Ltd., Emerson Electric Co., Fluke Corporation, Vertiv Group Corp, Algodue Elettronica srl, MTE Corporation, Elspec LTD, GE Grid Solutions LLC, Langley Holdings plc, and Honeywell International Inc.
Industries such as manufacturing, healthcare, data centers, and telecommunications are becoming increasingly dependent on uninterrupted power for critical operations, making it essential to address issues such as voltage sags, surges, harmonics, and transients. The modernization of electrical infrastructure and the global shift toward smart grid technologies are further accelerating the deployment of advanced power quality solutions.
Market Driver
Rising Demand for Uninterrupted Power Supply
The growing need for uninterrupted power supply is fueling the expansion of the market. Frequent power disruptions can lead to operational downtime, equipment failure, and financial losses, particularly in sectors such as healthcare, manufacturing, IT, and telecommunications.
Organizations are increasingly investing in solutions such as uninterruptible power supplies (UPS), voltage regulators, and power conditioners to maintain stable and continuous power. Additionally, the major focus on operational reliability and system protection is accelerating the adoption of power quality equipment across both industrial and commercial environments.
Market Challenge
Complexity of Integration with Existing Infrastructure
The complexity of integration with existing infrastructure presents a significant challenge to the expansion of the power quality equipment market. Numerous industries rely on outdated electrical systems that may not be compatible with modern solutions such as uninterruptible power supplies (UPS) and voltage regulators, making installation and integration both technically challenging and costly.
To overcome this challenge, companies are focusing on developing adaptable power quality equipment that can be integrated into legacy systems with minimal disruption. Additionally, advancements in smart grid technologies and modular solutions are making it easier to upgrade existing infrastructure without extensive downtime. Enhanced system compatibility and tailored solutions are helping streamlining the integration process and improving overall efficiency.
Market Trend
Advancements in Power Electronics
Advancements in power electronics are emerging as a notable trend in the market, enabling the development of more efficient and compact solutions. Innovations in semiconductor materials such as silicon carbide (SiC) and gallium nitride (GaN) are allowing for smaller, more reliable power quality devices that can handle higher voltages and temperatures.
These advancements are enhancing the performance of systems such as uninterruptible power supplies (UPS), voltage regulators, and harmonic filters, making them more energy-efficient and cost-effective. Industries are increasingly adopting these next-generation solutions to improve operational reliability, reduce energy consumption, and lower overall equipment costs, fueling market growth.
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Segmentation |
Details |
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By Type |
Uninterruptable Power Supply, Power Quality Meters, Surge Protection Devices, Harmonic Filters, Voltage Regulators |
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By Phase |
Single, Three |
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By End Use |
Residential, Commercial, Industrial & Manufacturing, Utilities |
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By Region |
North America: U.S., Canada, Mexico |
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Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe |
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Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific |
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Middle East & Africa: Turkey, U.A.E., Saudi Arabia, South Africa, Rest of Middle East & Africa |
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South America: Brazil, Argentina, Rest of South America |
Market Segmentation
Based on region, the global market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Asia Pacific power quality equipment market share stood at around 33.82% in 2023, valued at USD 12.26 billion. This dominance is reinforced by the region's rapid industrialization, infrastructure development, and growing adoption of renewable energy. Countries such as China, India, and Japan are expanding their manufacturing and commercial sectors, creating demand for reliable power quality solutions.
The region's strong focus on smart grid technologies, renewable energy integration, and the increasing number of data centers further supports this growth. Government initiatives aimed at modernizing energy infrastructure and promoting energy efficiency are aiding this upward trajectory.
North America power equipment market is set to grow at a CAGR of 7.62% over the forecast period. This growth is fostered by the region’s focus on upgrading aging electrical infrastructure and the growing demand for energy-efficient solutions. The expansion of industrial automation, increased reliance on renewable energy sources, and the adoption of smart grid technologies further support this growth.
Additionally, stringent regulations regarding energy efficiency and environmental sustainability are prompting industries to invest in reliable power solutions. The region's large manufacturing base, along with a notable shift toward renewable energy, contributes to the surging demand for power quality equipment.
The global power quality equipment market is highly competitive, featuring a diverse array of players that offer comprehensive solutions to address the growing demand for reliable power supply and efficient energy management. Leading market participants, including established companies specializing in uninterruptible power supplies (UPS), voltage regulators, surge protection devices, and harmonic filters, are increasingly prioritizing technological innovation and product advancement.
To gain a competitive edge, these companies are prioritizing strategic partnerships, leveraging cutting-edge smart technologies, IoT integration, and advanced monitoring systems. By enhancing the performance, efficiency, and intelligence of their power quality solutions, manufacturers are positioning themselves to meet the evolving needs of industries worldwide.
Recent Developments (M&A/Partnerships/Agreements/New Product Launch)
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