Power Quality Equipment Market Size Worth USD 61.65 Billion by 2034 | CAGR: 6.2%

The global Power Quality Equipment market size is expected to reach USD 61.65 billion by 2034, according to a new study by Polaris Market Research. The report “Power Quality Equipment Market Size, Share, Trends, Industry Analysis Report: By Equipment (Power Quality Meters, Surge Protection Devices, Harmonic Filters, Voltage Regulators, Uninterruptable Power Supply (UPS), and Others), Phase, End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The Power Quality Equipment Market encompasses a diverse array of devices and systems engineered to monitor, analyze, and enhance the characteristics of electrical power. These solutions are essential for counteracting various power disturbances, such as voltage sags and swells, harmonic distortions, transients, and frequency variations, ensuring that electrical power is delivered within acceptable limits for the reliable and efficient operation of connected equipment. The fundamental purpose of power quality equipment is to provide a stable and clean power supply, thereby preventing equipment malfunctions, reducing energy losses, extending the lifespan of electrical assets, and minimizing costly downtimes across a multitude of applications.

The Power Quality Equipment Market is experiencing significant growth driven by several key factors. The increasing sophistication and sensitivity of modern electronic devices, prevalent in industrial automation, data processing, healthcare, and consumer electronics, necessitate high-quality power to function correctly. Furthermore, the global trend towards energy efficiency and the integration of renewable energy sources, which can introduce variability into the power grid, are amplifying the demand for power quality solutions. Government regulations and industry standards focused on power quality are also contributing to market expansion. The growing awareness among end-users about the financial and operational implications of poor power quality continues to fuel investments in equipment designed to monitor, protect, and improve the electrical power infrastructure.

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Power Quality Equipment Market Report Highlights:

• By equipment, the uninterruptable power supply (UPS) segment currently holds the largest share of the market globally, driven by its critical role in ensuring business continuity across diverse sectors that rely on uninterrupted power for sensitive operations and to prevent costly disruptions.
• By phase, the three phase sub-segment currently accounts for the largest share of the Power Quality Equipment Market, primarily due to the widespread utilization of three-phase power systems in major industrial and commercial applications that require higher power levels for their operations.
• By end use, the industrial & manufacturing sub-segment presently holds the largest share of the Power Quality Equipment Market on a global scale, driven by the extensive use of sensitive machinery in these sectors where power disturbances can lead to significant financial and operational losses.
• By region, Asia Pacific currently holds the largest share of the Power Quality Equipment Market. The Asia Pacific region is also projected to exhibit the highest growth rate in the Power Quality Equipment Market over the forecast period.
• ABB Ltd. (Switzerland), Schneider Electric SE (France), Siemens AG (Germany), Eaton Corporation plc (Ireland), General Electric Company (US), Toshiba Corporation (Japan), Emerson Electric Co. (United States), Legrand (France), Mitsubishi Electric Corporation (Japan), and Delta Electronics, Inc. (Taiwan). These companies provide a wide array of power quality solutions, addressing various needs across different industries and applications. 

Polaris Market Research has segmented the Power Quality Equipment market report based on equipment, phase. end use, and region:

By Equipment Outlook (Revenue-USD Billion, 2020–2034)

• Power Quality Meters
• Surge Protection Devices
• Harmonic Filters
• Voltage Regulators
• Uninterruptable Power Supply (UPS)
• Others

By Phase Outlook (Revenue-USD Billion, 2020–2034)

• Single Phase
• Three Phase

By End Use Outlook (Revenue-USD Billion, 2020–2034)

• Residential
• Commercial
• Industrial & Manufacturing
• Utilities
• Transportation

By Regional Outlook (Revenue-USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America