Press release
Power Quality Instruments Market Estimated to Reach USD 59.4 Billion by 2031 | Persistence Market Research Report
Power Quality Instruments Market
As global industries embrace digitization and smart infrastructure, the power quality instruments market has emerged as a critical enabler for uninterrupted and efficient energy flow. These instruments are pivotal in identifying, analyzing, and resolving issues like voltage sags, frequency variations, harmonics, and transients, which can severely impact machinery, data systems, and operational productivity.
According to Persistence Market Research, the global power quality instruments market is expected to grow from US$39.5 Bn in 2024 to US$59.4 Bn by 2031, reflecting a CAGR of 6% during the forecast period. North America, led by the United States and Canada, is projected to dominate with a 33% market share in 2024, thanks to its technologically advanced industries and strict power regulations. The power quality analyzer segment is anticipated to be the largest contributor, capturing 40% of the market share in 2024 due to its advanced diagnostic capabilities.
Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): https://www.persistencemarketresearch.com/samples/34768
Key Highlights from the Report
• The smart city initiatives in emerging economies significantly boost demand for power quality instruments.
• Power quality analyzers are forecasted to hold a 40% market share in 2024 due to their precision and reliability.
• IoT integration in monitoring systems is transforming power quality solutions.
• Urbanization and industrial growth are driving substantial market expansion across major regions.
• Renewable energy integration into grids increases the need for effective power quality management.
• The global shift toward smart grid infrastructure is fostering long-term market demand.
Market Segmentation
The power quality instruments market is segmented based on product type, including power quality meters, power quality analyzers, and voltage testers. Among these, power quality analyzers stand out for their comprehensive monitoring and fault detection capabilities. These devices are extensively used in sectors where power precision is paramount-such as manufacturing plants, data centers, and healthcare facilities-due to their ability to diagnose complex electrical disruptions with accuracy.
In terms of end-user segmentation, the market serves diverse industries such as utilities, manufacturing, commercial, residential, and transportation. Industrial applications dominate due to their high sensitivity to electrical anomalies. Utilities and grid operators also represent a significant segment, employing these tools for consistent power delivery and to manage disruptions stemming from renewable energy inputs or grid congestion.
Regional Insights
North America continues to lead the global market due to its advanced industrial ecosystem, early adoption of smart grid technologies, and stringent regulatory framework led by agencies like FERC. This region benefits from strong government initiatives and high reliance on clean energy sources, which demand precision power monitoring.
Asia Pacific, on the other hand, is witnessing rapid growth fueled by urban expansion, infrastructural investments, and increasing adoption of smart city models, particularly in China and India. This surge in development amplifies the need for robust power quality instruments to ensure uninterrupted power delivery in emerging megacities.
Market Drivers
One of the most powerful drivers of the power quality instruments market is the growing industrial dependence on automated and digitized systems. These systems require clean and stable power to operate effectively. The shift towards smart grids and IoT-based infrastructure further fuels demand, as real-time monitoring becomes critical. Moreover, increased deployment of renewable energy sources such as solar and wind requires grid stabilization tools, which significantly boosts market penetration of power quality instruments.
Market Restraints
Despite its promising growth, the market faces challenges related to high initial costs and complex installation. Small and medium-sized enterprises may hesitate to adopt these instruments due to budget constraints. Additionally, the lack of technical expertise in operating and interpreting data from sophisticated instruments can deter widespread adoption, especially in underdeveloped regions.
Market Opportunities
The rising trend of smart cities and digital substations presents immense growth opportunities. Governments globally are investing heavily in energy-efficient and tech-integrated urban planning. This provides fertile ground for power quality solutions that enhance operational continuity. Furthermore, the evolution of AI-powered diagnostics and predictive maintenance tools within power quality instruments opens new avenues for innovation and service expansion.
Reasons to Buy the Report
✔ Provides in-depth insights into market trends, forecasts, and growth dynamics through 2031.
✔ Helps identify lucrative investment opportunities and emerging applications across industries.
✔ Offers a detailed breakdown of market segmentation by product type and end-user.
✔ Presents regional performance analysis with data-driven insights.
✔ Includes strategic intelligence on top players and competitive developments.
Company Insights
Key Players Operating in the Market:
1. Fluke Corporation
2. Schneider Electric SE
3. Siemens AG
4. Eaton Corporation
5. ABB Ltd
6. General Electric Company
7. Dranetz Technologies, Inc.
8. Keysight Technologies
9. Mitsubishi Electric Corporation
10. Yokogawa Electric Corporation
Recent Developments:
• In 2023, Fluke Corporation launched a next-gen portable power quality analyzer with built-in wireless data transmission to support remote diagnostics.
• Schneider Electric announced a partnership with utility providers in North America to deploy advanced grid monitoring systems incorporating its latest power quality meters.
Conclusion
The power quality instruments market is undergoing transformative growth, supported by the rise of smart infrastructures, renewable energy integration, and increasing industrial dependence on uninterrupted, high-quality power. As more regions embrace technological advancements and sustainability goals, the demand for precise power monitoring solutions is set to surge.
With North America leading the charge and Asia Pacific catching up rapidly, stakeholders must leverage data-driven insights to stay ahead. Power quality analyzers are set to play a pivotal role in ensuring grid stability and energy efficiency, positioning this market at the heart of the modern energy transition.
About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
Contact Us:
Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Power Quality Instruments Market Estimated to Reach USD 59.4 Billion by 2031 | Persistence Market Research Report here
News-ID: 3993885 • Views: …
More Releases from Persistence Market Research
Rice-Based Skincare Products Market to Reach $15.2 Bn by 2032 Driven by Rising N …
Global Rice-Based Skincare Products Market Overview
The global rice-based skincare products market is witnessing significant growth due to the rising consumer preference for natural and plant-based beauty solutions. Rice, a staple ingredient renowned for its antioxidant properties, brightening effects, and anti-aging benefits, has emerged as a key component in the formulation of skincare products. The market is poised to rise from US$ 7.5 billion in 2025 to US$ 15.2 billion by…
Car Air Freshener Market: Growth from $3B in 2025 to $4.4B by 2032, driven by ri …
Overview of the Market
The global car air freshener market is poised for steady expansion over the coming years, with its market size expected to increase from US$ 3.0 billion in 2025 to US$ 4.4 billion by 2032, registering a compound annual growth rate (CAGR) of 5.5%. The market's growth is driven by rising consumer awareness of in-car hygiene, evolving lifestyles, and increasing disposable income across key regions. Consumers are increasingly…
Halal Cosmetics Market to Reach $120.2 Bn by 2032, Driven by Rising Demand & Eth …
Overview of the Market
The global halal cosmetics market is experiencing unprecedented growth, driven by an increasing demand for products that adhere to Islamic principles while offering premium quality and safety standards. Halal cosmetics are products that comply with Islamic law, ensuring that they are free from prohibited ingredients such as alcohol, certain animal derivatives, and other substances considered non-halal. Consumers worldwide are increasingly conscious of ingredient transparency, ethical sourcing, and…
Eye Makeup Market to Reach US$ 30.5 Bn by 2032, Driven by Rising Beauty Trends & …
Overview of the Market
The global eye makeup market is anticipated to rise from US$ 19.9 billion in 2025 to US$ 30.5 billion by 2032, registering a CAGR of 6.3% during the forecast period. Eye makeup products, including mascara, eyeliner, eyeshadow, and eyebrow cosmetics, continue to witness increasing consumer demand driven by a blend of aesthetic appeal, social media influence, and rising personal grooming awareness. Over the past decade, eye makeup…
More Releases for Power
Thermal power Market is Gaining Momentum with Enel, TATA Power, Reliance Power
The Latest Released Thermal power market study has evaluated the future growth potential of Thermal power market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges,…
Japan Power Market Outlook to 2030, Update 2018 – The Kansai Electric Power, C …
Japan Power Market
This report elaborates Japan's power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the Japanese power market's regulatory structure, import and export trends, competitive landscape, and power projects at various stages of the supply chain is provided. The report also gives a snapshot of the power sector in Japan on broad parameters of macroeconomics, supply security, generation…
Global Power Rental Market Insight Report 2018 - Rental Power Solutions, Power E …
The global "Power Rental" Market research report gives point to point breakdown along with the data of Power Rental market’s analytical study, regional analysis, growth factors and leading companies. The research report about the market provides the data about the aspects which drive the expansion of Power Rental industry. The Power Rental market consists of large key companies who play a vital role in the production, manufacturing, sales and distribution…
Japan: Geothermal Power Market Power Plants, Regulations and Company Profiles 20 …
"Geothermal Power in Japan, Market Outlook to 2030, Update 2018-Capacity, Generation, Power Plants, Regulations and Company Profiles", is the latest report from Publisher, the industry analysis specialists that offer comprehensive information and understanding of the Geothermal market in Japan.
The report provides an in-depth analysis on global renewable power market and global Geothermal market with forecasts up to 2030. The report analyzes the power market scenario in Japan (includes conventional Hydro,…
Fluid Power Systems Market SWOT Analysis by Key Players: Parker, Eaton, Tokyo Ke …
QY Research has lately published a new report on “Global Fluid Power Systems Market: Industrial Chain Market Insights, Growth Trends and Competitive Analysis 2025,” for the forecasted period 8-years, i.e. between 2017 and 2025.
The Fluid Power Systems market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered…
New research on Medical Power Supply Market To 2022 Profiling SL Power Electroni …
This Global Medical Power Supply market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this…
