Power Quality Equipment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently published an extensive report on the global Power Quality Equipment market. This report provides a comprehensive analysis of market dynamics, encompassing growth drivers, prevailing trends, opportunities, and challenges. The report offers detailed insights into the market structure and the factors shaping its growth trajectory.

Key Insights:

Power Quality Equipment Market Size (2024E): USD 34261.5 Mn
Projected Market Value (2031F): USD 55183.9 Mn
Global Market Growth Rate (CAGR 2024 to 2031): 6.70%

Power Quality Equipment Market - Report Scope:

Power quality equipment is essential for maintaining the efficiency and safety of electrical systems, especially in commercial, industrial, and utility sectors. This market caters to businesses and facilities that rely on stable and clean power to operate critical machinery and electronic devices. The demand for power quality equipment is largely driven by increasing reliance on sensitive electronic devices, surges in industrial automation, and the growing need to protect critical infrastructure from power disturbances.

Market Growth Drivers:

The global Power Quality Equipment market benefits from various growth drivers, including the rapid rise in industrial automation, which amplifies the need for stable power supplies. With an increasing number of devices operating on electricity, power disturbances can lead to significant economic losses. The rise in renewable energy integration also necessitates equipment that can manage power fluctuations, supporting the adoption of power quality solutions. Additionally, stricter government regulations and standards related to energy efficiency have accelerated the deployment of power quality equipment.

Market Restraints:

While the Power Quality Equipment market shows promising growth, it faces challenges such as high initial investment costs and limited awareness about the importance of power quality among small and medium-sized enterprises. The market also encounters technical challenges in regions with insufficient grid infrastructure, which can hinder equipment performance. The presence of cheaper, less efficient alternatives further restrains the adoption of high-quality power equipment. Addressing these challenges requires increased awareness, technological advancements, and cost reduction strategies.

Market Opportunities:

The Power Quality Equipment market offers numerous opportunities driven by advancements in smart grid technology, increasing deployment of renewable energy sources, and the expansion of the industrial and commercial sectors. The development of cost-effective power quality solutions and the growing demand for power monitoring and diagnostic tools provide a favorable outlook for the market. Strategic investments in product innovation and the growing emphasis on digital solutions for real-time monitoring are essential for capitalizing on these opportunities.

Key Questions Answered in the Report:

What are the key factors driving the growth of the Power Quality Equipment market globally?
Which end-user sectors are leading the adoption of power quality solutions?
How is the integration of renewable energy sources influencing the demand for power quality equipment?
Who are the prominent players in the Power Quality Equipment market, and what strategies are they using to maintain a competitive edge?
What are the emerging trends and future growth prospects in the global Power Quality Equipment market?

Competitive Intelligence and Business Strategy:

Leading companies in the global Power Quality Equipment market, such as Schneider Electric, Siemens AG, and ABB Ltd., are focusing on innovation, product differentiation, and strategic partnerships to maintain their competitive advantage. These companies are investing heavily in R&D to develop advanced solutions that cater to specific industry requirements. Collaborations with technology firms, industrial operators, and energy providers facilitate market access and foster new product development. Emphasis on sustainability, quality, and digital integration bolsters market expansion and strengthens consumer confidence in power quality solutions.

Key Companies Profiled:

Toshiba Corporation
General Electric Company
ABB Ltd.
Schneider Electric
Emerson Electric Company
Siemens AG
Eaton Corporation Plc.
MTE Corporation
Active Power Inc.
Smith's Group plc.

Power Quality Equipment Market Segmentation:

By Product Type

Power Conditioning Equipment
Harmonic Filters
UPS (Uninterruptible Power Supply)
SPD (Surge Protection Device)
DC Power Supply
Motor-Generator Set
Others
Power Quality Testing and Measuring Equipment

By End User

Telecommunications
Electrical & Electronics
Automotive & Industrial
Energy & Utilities
Others

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excl. Japan
Japan
MEA

Product Code: PMRREP14662

1. Executive Summary

2. Power Quality Equipment Market Overview

2.1. Introduction
- 2.1.1. Power Quality Equipment Market Definition
- 2.1.2. Power Quality Equipment Market Taxonomy
- 2.1.3. Market Overview
2.2. Power Quality Equipment Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.2. Supply Chain
2.3. Power Equipment Market Scenario (2015A)

3. Global Power Quality Equipment Market Forecast

3.1. Market Value and Volume Forecast
- 3.1.1. Y-o-Y Growth Projections
- 3.1.2. Absolute $ Opportunity
3.2. Power Quality Equipment Market Trends
3.3. Regional Average Pricing Analysis
3.4. Global Power Quality Equipment Market Snapshot (2015)
- 3.4.1. Market Share, By Region
- 3.4.2. Market Share, By Product Type
- 3.4.3. Market Share, By End-use Industry

4. Global Power Quality Equipment Market Analysis, By Product Type

4.1. Segment Definition
4.2. Introduction
- 4.2.1. Y-o-Y Growth Comparison, By Product Type
- 4.2.2. Market Share & Basis Point (BPS) Analysis, By Product Type
4.3. Market Forecast, By Product Type
- 4.3.1. Power Conditioning Equipment
  - 4.3.1.1. Harmonic Filters
  - 4.3.1.2. UPS (Uninterruptible Power Supply)
  - 4.3.1.3. SPD (Surge Protection Device)
  - 4.3.1.4. DC Power Supply
  - 4.3.1.5. Motor-Generator Set
  - 4.3.1.4. Others
    - 4.3.1.1.1. Absolute $ Opportunity
    - 4.3.1.1.2. Market Value and Volume Forecast
- 4.3.2. Power Quality Testing and Measurement Equipment
  - 4.3.2.1. Absolute $ Opportunity
  - 4.3.2.2. Market Value and Volume Forecast
4.4. Market Attractiveness Analysis, By Product Type

5. Global Power Quality Equipment Market Analysis, By End-use Industry

5.1. Segment Definition
5.2. Introduction
- 5.2.1. Y-o-Y Growth Comparison, By End-use Industry
- 5.2.2. Market Share & Basis Point (BPS) Analysis, By End-use Industry
5.3. Market Forecast, By End-use Industry
- 5.3.1. Telecommunications
  - 5.3.1.1. Absolute $ Opportunity
  - 5.3.1.2. Market Value and Volume Forecast
- 5.3.2. Electrical & Electronics
  - 5.3.2.1. Absolute $ Opportunity
  - 5.3.2.2. Market Value and Volume Forecast
- 5.3.3. Automotive & Industrial
  - 5.3.3.1. Absolute $ Opportunity
  - 5.3.3.2. Market Value and Volume Forecast
- 5.3.3. Energy & Utilities
  - 5.3.3.1. Absolute $ Opportunity
  - 5.3.3.2. Market Value and Volume Forecast
- 5.3.4. Others
  - 5.3.4.1. Absolute $ Opportunity
  - 5.3.4.2. Market Value and Volume Forecast

6. Global Power Quality Equipment Market Analysis, By Region

6.1. Introduction
- 6.1.1. Y-o-Y Growth Projections, By Region
- 6.1.2. Market Share & Basis Point (BPS) Analysis, By Region
6.2. Market Forecast, By Region
- 6.2.1. North America Market Value and Volume Forecast
- 6.2.2. Latin America Market Value and Volume Forecast
- 6.2.3. Western Europe Market Value and Volume Forecast
- 6.2.4. Eastern Europe Market Value and Volume Forecast
- 6.2.5. APEJ Market Value and Volume Forecast
- 6.2.6. Japan Market Value and Volume Forecast
- 6.2.7. MEA Market Value and Volume Forecast
6.3. Regional Attractiveness Analysis

7. North America Power Quality Equipment Market Analysis

7.1. Introduction
- 7.1.1. Y-o-Y Growth Projections, By Country
- 7.1.2. Market Share & Basis Point (BPS) Analysis, By Country
- 7.1.3. Market Attractive Analysis, By Country
7.2. Key Regulations
7.3. North America Market Forecast
- 7.3.1. Market Value and Volume Forecast, By Country
  - 7.3.1.1. U.S. Absolute $ Opportunity
  - 7.3.1.2. Canada Absolute $ Opportunity
- 7.3.2. Market Value and Volume Forecast, By Product Type
  - 7.3.2.1. Power Conditioning Equipment
    - 7.3.2.1.1. Harmonic Filters
    - 7.3.2.1.2. UPS
    - 7.3.2.1.3. SPD
    - 7.3.2.1.4. DC Power Supply
    - 7.3.2.1.5. Motor-Generator Set
    - 7.3.2.1.1. Others
  - 7.3.2.2. Power Quality Testing & Measurement Equipment
- 7.3.3. Market Value and Volume Forecast, By End-use Industry
  - 7.3.3.1. Telecommunications
  - 7.3.3.2. Electrical & Electronics
  - 7.3.3.3. Automotive & Industrial
  - 7.3.3.4. Energy & Utilities
  - 7.3.3.5. Others
7.4. Market Attractiveness Analysis
- 7.4.1. By Product Type
- 7.4.2. By End-use Industry
- 7.4.3. By Country
7.5. Drivers & Restraints: Impact Analysis
7.6. Prominent Trends

8. Latin America Power Quality Equipment Market Analysis

8.1. Introduction
- 8.1.1. Y-o-Y Growth Projections, By Country
- 8.1.2. Market Share & Basis Point (BPS) Analysis, By Country
- 8.1.3. Market Attractive Analysis, By Country
8.2. Latin America Market Forecast
- 8.2.1. Market Value and Volume Forecast, By Country
  - 8.2.1.1. Brazil Absolute $ Opportunity
  - 8.2.1.2. Mexico Absolute $ Opportunity
  - 8.2.1.3. Argentina Absolute $ Opportunity
  - 8.2.1.4. Rest of Latin America Absolute $ Opportunity
- 8.3.2. Market Value and Volume Forecast, By Product Type
  - 8.3.2.1. Power Conditioning Equipment
    - 8.3.2.1.1. Harmonic Filters
    - 8.3.2.1.2. UPS
    - 8.3.2.1.3. SPD
    - 8.3.2.1.4. DC Power Supply
    - 8.3.2.1.5. Motor-Generator Set
    - 8.3.2.1.1. Others
  - 8.3.2.2. Power Quality Testing & Measurement Equipment
- 8.3.3. Market Value and Volume Forecast, By End-use Industry
  - 8.3.3.1. Telecommunications
  - 8.3.3.2. Electrical & Electronics
  - 8.3.3.3. Automotive & Industrial
  - 8.3.3.4. Energy & Utilities
  - 8.3.3.5. Others
8.4. Market Attractiveness Analysis
- 8.4.1. By Product Type
- 8.4.2. By End-use Industry
- 8.4.3. By Country
8.5. Drivers & Restraints: Impact Analysis
8.6. Prominent Trends

9. Western Europe Power Quality Equipment Market Analysis

9.1. Introduction
- 9.1.1. Y-o-Y Growth Projections, By Country
- 9.1.2. Market Share & Basis Point (BPS) Analysis, By Country
- 9.1.3. Market Attractiveness Analysis, By Country
9.2. Key Regulations
9.3. Western Europe Market Forecast
- 9.3.1. Market Value and Volume Forecast, By Country
  - 9.3.1.1. Germany Absolute $ Opportunity
  - 9.3.1.2. France Absolute $ Opportunity
  - 9.3.1.3. Spain Absolute $ Opportunity
  - 9.3.1.4. Italy Absolute $ Opportunity
  - 9.3.1.5. U.K. Absolute $ Opportunity
  - 9.3.1.6. Benelux Absolute $ Opportunity
  - 9.3.1.7. Rest of Western Europe Absolute $ Opportunity
- 9.3.2. Market Value and Volume Forecast, By Product Type
  - 9.3.2.1. Power Conditioning Equipment
    - 9.3.2.1.1. Harmonic Filters
    - 9.3.2.1.2. UPS
    - 9.3.2.1.3. SPD
    - 9.3.2.1.4. DC Power Supply
    - 9.3.2.1.5. Motor-Generator Set
    - 9.3.2.1.1. Others
  - 9.3.2.2. Power Quality Testing & Measurement Equipment
- 9.3.3. Market Value and Volume Forecast, By End-use Industry
  - 9.3.3.1. Telecommunications
  - 9.3.3.2. Electrical & Electronics
  - 9.3.3.3. Automotive & Industrial
  - 9.3.3.4. Energy & Utilities
  - 9.3.3.5. Others
9.4. Market Attractiveness Analysis
- 9.4.1. By Product Type
- 9.4.2. By End-use Industry
- 9.4.3. By Country
9.5. Drivers & Restraints: Impact Analysis
9.6. Prominent Trends

10. Eastern Europe Power Quality Equipment Market Analysis

10.1. Introduction
- 10.1.1. Y-o-Y Growth Projections, By Country
- 10.1.2. Market Share & Basis Point (BPS) Analysis, By Country
- 10.1.3. Market Attractiveness Analysis, By Country
10.2. Key Regulations
10.3. Eastern Europe Market Forecast
- 10.3.1. Market Value and Volume Forecast, By Country
  - 10.3.1.1. Russia Absolute $ Opportunity
  - 10.3.1.2. Poland Absolute $ Opportunity
  - 10.3.1.3. Rest of Eastern Europe Absolute $ Opportunity
- 10.3.2. Market Value and Volume Forecast, By Product Type
  - 10.3.2.1. Power Conditioning Equipment
    - 10.3.2.1.1. Harmonic Filters
    - 10.3.2.1.2. UPS
    - 10.3.2.1.3. SPD
    - 10.3.2.1.4. DC Power Supply
    - 10.3.2.1.5. Motor-Generator Set
    - 10.3.2.1.1. Others
  - 10.3.2.2. Power Quality Testing & Measurement Equipment
- 10.3.3. Market Value and Volume Forecast, By End-use Industry
  - 10.3.3.1. Telecommunications
  - 10.3.3.2. Electrical & Electronics
  - 10.3.3.3. Automotive & Industrial
  - 10.3.3.4. Energy & Utilities
  - 10.3.3.5. Others
10.4. Market Attractiveness Analysis
- 10.4.1. By Product Type
- 10.4.2. By End-use Industry
- 10.4.3. By Country
10.5. Drivers & Restraints: Impact Analysis
10.6. Prominent Trends

11. APEJ Power Quality Equipment Market Analysis

11.1. Introduction
- 11.1.1. Y-o-Y Growth Projections, By Country
- 11.1.2. Market Share & Basis Point (BPS) Analysis, By Country
- 11.1.3. Market Attractiveness Analysis, By Country
11.2. Key Regulations
11.3. APEJ Market Forecast
- 11.3.1. Market Value and Volume Forecast, By Country
  - 11.3.1.1. China Absolute $ Opportunity
  - 11.3.1.2. India Absolute $ Opportunity
  - 11.3.1.3. ASEAN Absolute $ Opportunity
  - 11.3.1.4. Australia & New Zealand Absolute $ Opportunity
  - 11.3.1.5. Rest of APEJ Absolute $ Opportunity
- 11.3.2. Market Value and Volume Forecast, By Product Type
  - 11.3.2.1. Power Conditioning Equipment
    - 11.3.2.1.1. Harmonic Filters
    - 11.3.2.1.2. UPS
    - 11.3.2.1.3. SPD
    - 11.3.2.1.4. DC Power Supply
    - 11.3.2.1.5. Motor-Generator Set
    - 11.3.2.1.1. Others
  - 11.3.2.2. Power Quality Testing & Measurement Equipment
- 11.3.3. Market Value and Volume Forecast, By End-use Industry
  - 11.3.3.1. Telecommunications
  - 11.3.3.2. Electrical & Electronics
  - 11.3.3.3. Automotive & Industrial
  - 11.3.3.4. Energy & Utilities
  - 11.3.3.5. Others
11.4. Market Attractiveness Analysis
- 11.4.1. By Product Type
- 11.4.2. By End-use Industry
- 11.4.3. By Country
11.5. Drivers & Restraints: Impact Analysis
11.6. Prominent Trends

12. Japan Power Quality Equipment Market Analysis

12.1. Introduction
12.2. Key Regulations
12.3. Japan Market Forecast
- 12.3.1. Market Value and Volume Forecast, By Product Type
  - 12.3.1.1. Power Conditioning Equipment
    - 12.3.1.1.1. Harmonic Filters
    - 12.3.1.1.2. UPS
    - 12.3.1.1.3. SPD
    - 12.3.1.1.4. DC Power Supply
    - 12.3.1.1.5. Motor-Generator Set
    - 12.3.1.1.1. Others
  - 12.3.2.2. Power Quality Testing & Measurement Equipment
- 12.3.2. Market Value and Volume Forecast, By End-use Industry
  - 12.3.2.1. Telecommunications
  - 12.3.2.2. Electrical & Electronics
  - 12.3.2.3. Automotive & Industrial
  - 12.3.2.4. Energy & Utilities
  - 12.3.2.5. Others
12.4. Market Attractiveness Analysis
- 12.4.1. By Product Type
- 12.4.2. By End-use Industry
12.5. Drivers & Restraints: Impact Analysis
12.6. Prominent Trends

13. MEA Power Quality Equipment Market Analysis

13.1. Introduction
- 13.1.1. Y-o-Y Growth Projections, By Country
- 13.1.2. Market Share & Basis Point (BPS) Analysis, By Country
- 13.1.3. Market Attractive Analysis, By Country
13.2. Key Regulations
13.3. MEA Market Forecast
- 13.3.1. Market Value and Volume Forecast, By Country
  - 13.3.1.1. GCC Countries Absolute $ Opportunity
  - 13.3.1.2. North Africa Absolute $ Opportunity
  - 13.3.1.3. South Africa Absolute $ Opportunity
  - 13.3.1.4. Rest of MEA Absolute $ Opportunity
- 13.3.2. Market Value and Volume Forecast, By Product Type
  - 13.3.2.1. Power Conditioning Equipment
    - 13.3.2.1.1. Harmonic Filters
    - 13.3.2.1.2. UPS
    - 13.3.2.1.3. SPD
    - 13.3.2.1.4. DC Power Supply
    - 13.3.2.1.5. Motor-Generator Set
    - 13.3.2.1.1. Others
  - 13.3.2.2. Power Quality Testing & Measurement Equipment
- 13.3.3. Market Value and Volume Forecast, By End-use Industry
  - 13.3.3.1. Telecommunications
  - 13.3.3.2. Electrical & Electronics
  - 13.3.3.3. Automotive & Industrial
  - 13.3.3.4. Energy & Utilities
  - 13.3.3.5. Others
13.4. Market Attractiveness Analysis
- 13.4.1. By Product Type
- 13.4.2. By End-use Industry
- 13.4.3. By Country
13.5. Drivers & Restraints: Impact Analysis
13.6. Prominent Trends

14. Competition Landscape

14.1. Competition Dashboard
14.2. Market Share Analysis By Company (2023)
14.3. Company Profiles (Revenue, Employee Strength, Key Developments, SWOT Analysis)
- 14.3.1. ABB Ltd.
- 14.3.2. Mitsubishi Electric Corporation
- 14.3.3. Eaton Corporation PLC
- 14.3.4. Schneider Electric SE
- 14.3.5. Toshiba International Corporation
- 14.3.6. National Instruments Corporation
- 14.3.7. Celestica Inc.
- 14.3.8. EMCO Limited
- 14.3.9. Delta Electronics, Inc.
- 14.3.10. AMETEK Inc.
- 14.3.11. Hubbell Incorporated
- 14.3.12. Fluke Corporation
- 14.3.13. Cordyne, Inc.
- 14.3.14. Advanced Protection Technologies, Inc.
- 14.3.15. LEA International
- 14.3.16. Kyoritsu Electrical Instruments Works, Ltd.
- 14.3.17. Unipower AB
- 14.3.18. Cyber Power Systems, Inc.