Power Quality Equipment

Global Power Quality Equipment Market to Reach US$41.5 Billion by 2030

The global market for Power Quality Equipment estimated at US$33.5 Billion in the year 2024, is expected to reach US$41.5 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2024-2030. UPS, one of the segments analyzed in the report, is expected to record a 4.3% CAGR and reach US$20.5 Billion by the end of the analysis period. Growth in the Harmonic Filters segment is estimated at 2.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$9.6 Billion While China is Forecast to Grow at 6.5% CAGR

The Power Quality Equipment market in the U.S. is estimated at US$9.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.5 Billion by the year 2030 trailing a CAGR of 6.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.8% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Global Power Quality Equipment Market - Key Trends and Drivers Summarized

Power Quality Equipment: Ensuring Reliable Electrical Performance

Power quality equipment encompasses devices and systems designed to ensure the reliable delivery of electrical power by mitigating issues such as voltage sags, surges, harmonics, and transient disturbances. These devices are essential for maintaining the integrity and performance of electrical systems in various settings, including industrial, commercial, and residential environments. Key components of power quality equipment include uninterruptible power supplies (UPS), voltage regulators, power conditioners, harmonic filters, and surge protectors. These tools play a critical role in preventing equipment malfunctions, reducing downtime, and safeguarding sensitive electronics from power-related damage. By ensuring stable and clean power, power quality equipment helps enhance operational efficiency, prolongs the lifespan of electrical devices, and reduces maintenance costs, making it indispensable in modern power management strategies.

How Are Technological Advancements Enhancing Power Quality Equipment?

Technological advancements have significantly enhanced the capabilities and efficiency of power quality equipment. Innovations in digital signal processing (DSP) and microcontroller technology have improved the accuracy and responsiveness of power monitoring and correction devices. Modern UPS systems, for example, feature advanced battery management and energy storage solutions, providing longer backup times and improved reliability during power outages. Harmonic filters and voltage regulators now incorporate sophisticated control algorithms that adapt to dynamic load conditions, ensuring optimal performance under varying electrical loads. Additionally, the integration of Internet of Things (IoT) technology has enabled real-time monitoring and remote management of power quality equipment, providing users with actionable insights and predictive maintenance capabilities. These advancements have not only increased the effectiveness of power quality solutions but also enhanced their scalability and user-friendliness, making them more accessible and valuable to a broader range of applications.

What Are the Key Applications and Benefits of Power Quality Equipment?

Power quality equipment is utilized across diverse industries and applications, offering numerous benefits that enhance electrical system performance and reliability. In industrial settings, these devices protect critical machinery and automation systems from power disturbances, ensuring continuous and efficient production processes. Commercial establishments, such as data centers, hospitals, and office buildings, rely on power quality equipment to safeguard sensitive electronics and IT infrastructure, preventing costly downtime and data loss. In residential environments, surge protectors and voltage regulators enhance the safety and longevity of household appliances and electronic devices. The primary benefits of power quality equipment include improved operational efficiency, reduced maintenance costs, enhanced equipment lifespan, and increased resilience to power disturbances. By providing stable and reliable power, these devices contribute to overall energy efficiency and system reliability, supporting sustainable and uninterrupted operations in various sectors.

What Factors Are Driving the Growth in the Power Quality Equipment Market?

The growth in the power quality equipment market is driven by several factors. The increasing dependence on sensitive electronic devices and automation systems in industrial and commercial settings is a significant driver, boosting the demand for reliable power quality solutions. Technological advancements that enhance the performance, efficiency, and connectivity of power quality equipment are also propelling market growth. The rising incidence of power disturbances and the growing awareness of their impact on operational efficiency and equipment longevity are driving the adoption of power quality solutions. Additionally, the expansion of renewable energy sources, which can introduce variability in power supply, is contributing to the need for advanced power quality management. The increasing focus on energy efficiency and sustainability, coupled with regulatory mandates for power quality standards, is further boosting market demand. These factors, combined with the growing availability of innovative and high-quality power quality equipment, are driving the sustained growth of the power quality equipment market.

SCOPE OF STUDY:

The report analyzes the Power Quality Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
End-Use Industry (Telecommunications, Electrical & Electronics, Automotive & Industrial, Energy & Utilities, Other End-Use Industries); Equipment (UPS, Harmonic Filters, Surge Protection Devices, Power Conditioning Unit, Static VAR compensator, Power Quality Meters, Other Equipment); Phase (Single, Three Phase)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 76 Featured) -

• ABB Group
• Active Power, Inc.
• Acumentrics, Inc.
• Eaton Corporation PLC
• Emerson Electric Co.
• General Electric Company
• Legrand SA
• Leviton Manufacturing Co., Inc.
• MTE Corporation
• Powervar
• Schneider Electric SA
• Siemens AG
• Smiths Group PLC
• Socomec Group
• Toshiba Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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