Portable Power Quality Meter Market Size - By Application (Commercial, Industrial, Utility), By Regional Outlook & Forecast, 2024 - 2032

Portable power quality meter market size is anticipated to observe over 7.4% CAGR from 2024 to 2032, driven by the increasing need for reliable and efficient electrical systems.

As industries and businesses rely on complex electrical systems, there is a growing demand for tools that can accurately measure and analyze power quality to prevent downtime and ensure operational efficiency. The ability to conduct on-site measurements and real-time monitoring is enhancing their utility, making them valuable tools for maintenance teams, electrical engineers, and facility managers. For instance, in May 2024, Oakter launched OAKMETER, a smart energy meter with cutting-edge technologies, such as real-time data analytics, advanced metering infrastructure, and Internet of Things (IoT) capabilities.

As energy systems become more sophisticated, the need for precise power quality monitoring to optimize grid performance and integrate renewable energy sources is increasing. Portable power quality meters enable users to assess and improve power quality in various scenarios, including renewable energy installations, industrial settings, and commercial buildings. Advancements in meter technology, such as improved data logging, wireless connectivity, and enhanced user interfaces will also drive the market growth.

The overall industry is segmented into applications and regions.

Based on application, the portable power quality meter market from the industrial segment is slated to witness a substantial growth rate during 2024-2032. This is on account of the critical need for maintaining optimal electrical system performance and minimizing downtime in manufacturing and production environments. Industrial facilities operate with complex and high-power electrical systems susceptible to issues, such as voltage fluctuations, harmonic distortions, and power interruptions, which can adversely affect equipment reliability and operational efficiency.

North America portable power quality meter industry is expected to expand at a significant rate over 2024-2032 attributed to stringent regulatory standards along with the strong focus on industrial safety and reliability. With industries subjected to rigorous electrical safety and performance regulations, the regular monitoring and maintenance of power quality to comply with standards, such as those set by the National Electrical Code (NEC)is growing mandatory. This will further drive the regional market growth.