Power Quality Equipment Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Power Quality Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Power Quality Equipment Market Size During the Forecast Period?
In recent years, the size of the power quality equipment market has been experiencing robust growth. A solid boost from $26.2 billion in 2024 to $27.61 billion in 2025 is expected, representing a compound annual growth rate (CAGR) of 5.4%. The historical expansion of the market can be traced back to factors like industrial and manufacturing sectors' growth, the surge in demand for sensitive electronic equipment, requirements for a stable and clean power source, an escalating number of grid disturbances and voltage fluctuations, as well as regulatory standards governing power quality.

The market for power quality equipment is projected to experience substantial growth in the coming years, with its size projected to reach $34.65 billion in 2029, reflecting a compound annual growth rate (CAGR) of 5.8%. The expansion predicted in this timeframe can be credited to industry-specific tailored power quality solutions, the incorporation of IoT and real-time supervision, eco-friendly and sustainable power quality equipment, growth in renewable energy integration, and its rising usage in the electric vehicle charging framework. Key trends set to shape this period are power quality analytics and predictive upkeep, regulatory obedience in the safety of power quality equipment, intelligent and adaptive power quality solutions, the fusion of energy storage for grid steadiness, and a cooperative relationship between power quality and cyber safety.

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What Are the High-Growth Segments in the Power Quality Equipment Market?
The power quality equipment market covered in this report is segmented -

1) By Equipment: Surge Arresters, Surge Protection Devices, Harmonic Filters, Power Conditioning Units, Power Distribution Unit, Uninterruptable Power Supply, Synchronous Condenser, Voltage Regulator, Digital Static Transfer Switch, Static VAR Compensator, Solid Oxide Fuel Cells, Isolation Transformers, Power Quality Meters, Other Equipment
2) By Phase: Single Phase, Three Phase
3) By Application: Industrial & Manufacturing, Commercial, Residential, Transportation, Utilities

Subsegments:
1) By Surge Arresters: Station Class Surge Arresters, Distribution Class Surge Arresters
2) By Surge Protection Devices: Type 1 Surge Protection Devices (SPDs), Type 2 SPDs, Type 3 SPDs
3) By Harmonic Filters: Active Harmonic Filters, Passive Harmonic Filters
4) By Power Conditioning Units: Voltage Regulators, Frequency Converters
5) By Power Distribution Unit (PDU): Basic PDUs, Metered PDUs, Switched PDUs
6) By Uninterruptable Power Supply (UPS): Online UPS, Offline UPS, Line Interactive UPS
7 By Synchronous Condenser: Fixed-Speed Synchronous Condensers, Variable-Speed Synchronous Condensers
8) By Voltage Regulator: Automatic Voltage Regulators (AVR), Ferroresonant Voltage Regulators
9) By Digital Static Transfer Switch (STS): Single-Phase STS, Three-Phase STS
10) By Other Equipment: Voltage Stabilizers, Capacitor Banks, Reactive Power Compensators

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What Key Drivers Are Expected to Influence Future Power Quality Equipment Market Growth?
The power quality equipment market is experiencing significant growth due to increasing governmental investments in grid modernization projects. These projects aim to update the electrical grid to make it safer, more effective, and adaptable to new technologies, new forms of electricity generation and distribution, and the integration of renewable energy resources. As nations work to improve their energy structures and guarantee a more dependable and stable power supply, the need for power quality equipment like voltage regulators, surge protectors, and uninterruptible power supplies has skyrocketed. These investments play a critical role in resolving power quality problems, reducing downtime, and boosting overall grid efficiency, making them a key driver for the growth of the power quality equipment market. For example, the US-based Grid Deployment Office, dedicated to ensuring electricity access for all by maintaining and investing in critical generation facilities, announced in October 2023, a $10.5 billion investment in the Grid Resilience and Innovation Partnerships (GRIP) Program under the Bipartisan Infrastructure Law. This is to enhance grid flexibility and fortify the power system's resilience against the escalating threats of extreme weather and climate change. Hence, the rise in government investments in grid modernization projects will boost the demand for power-quality equipment.

Which Companies Hold the Largest Share Across Different Power Quality Equipment Market Segments?
Major companies operating in the power quality equipment market include Eaton Corporation plc, ABB Ltd., Siemens AG, Schneider Electric SE, General Electric Company, Toshiba Corporation, Emerson Electric Co., Legrand SA, Honeywell International Inc., AMETEK Inc., Piller Group GmbH, Acumentrics Corporation, Leviton Manufacturing Co. Inc., MTE Corporation, Socomec India Private Limited, Infinite Electronics Inc., Hitachi ABB Power Grids Ltd., Active Power Inc., Smiths Group plc, Powervar Inc., S&C Electric Company, Delta Electronics Inc., Mitsubishi Electric Corporation, Rockwell Automation Inc., Fuji Electric Co. Ltd., SolaHD, Eaton Corporation, Phoenix Contact GmbH & Co. KG, Panduit Corporation, Littelfuse Inc.

What Trends Are Driving Growth in The Power Quality Equipment Market?
The power quality equipment industry sees strong focus on strategic alliances by leading companies to meet client requirements and solidify their market standing. These strategic partnerships allow them to utilize each other's strengths and assets for mutual growth and prosperity. An example of this came in June 2023 when Deere & Company (John Deere), an American firm known for its heavy and powerful turf production, declared a collaborative strategy with EGO, a US-based outdoor power equipment company using batteries, and Chervon, a Chinese power tool and outdoor equipment business. The joint effort of Deere & Company (John Deere), EGO, and Chervon aims to offer a complete range of EGO's battery-run lawn care goods via John Deere outlets. This partnership merges the market reach of John Deere and EGO's green, innovative solutions. In this partnership, John Deere outlets will sell EGO-branded battery items extending the growth of the power electronics sector. EGO's battery-operated lawn care solutions will be made available to households under this agreement.

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What Are the Emerging Geographies for The Power Quality Equipment Market Growth?
Asia-Pacific was the largest region in the power quality equipment market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the power quality equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Power Quality Equipment Market?
2. What is the CAGR expected in the Power Quality Equipment Market?
3. What Are the Key Innovations Transforming the Power Quality Equipment Industry?
4. Which Region Is Leading the Power Quality Equipment Market?

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