Steady Expansion Forecast for Power Quality Equipment Market, Projected to Reach $34.65 Billion by 2029

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Power Quality Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for power quality equipment has demonstrated robust growth in the last few years. The estimated expansion is from $26.2 billion in 2024 to $27.61 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%. Factors propelling growth during the historical period include upgrades in industrial and manufacturing sectors, an increased demand for stable and clean power supply due to a surge in sensitive electronic equipment, as well as heightened disturbances in power grid and voltage fluctuations. The regulatory mandates on power quality have also been a significant contributor.

Power Quality Equipment Market Size Forecast: What's the Projected Valuation by 2029?
The market size for power quality equipment is anticipated to experience robust expansion in the forthcoming years. The projection shows a growth to $34.65 billion in 2029 with a CAGR of 5.8%. The anticipated development during this forecast period can be linked to the tailored power quality solutions for specific sectors, the incorporation of IoT and real-time supervision, power quality equipment that is both sustainable and environmentally friendly, progression in the integration of renewable energy, and an increase in use within the electric vehicle charging infrastructure. The major trends expected during the forecast period are power quality analytics and predictive maintenance, regulatory adherence regarding safety in power quality equipment, smart and adaptive power quality solutions, integration of energy storage for grid stabilization and the partnership between power quality and cybersecurity.

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What Are the Drivers Transforming the Power Quality Equipment Market?
The escalating government funding towards the grid modernization initiative is a key influence on the expansion of the power quality equipment market. The phrase 'grid modernization project' refers to the enhancement of the electrical grid for greater safety, efficiency and adaptability to newer technologies, diversified forms of electricity generation and distribution, and incorporation of renewable energy resources. Nations are aiming to improve their energy structure and ensure a steadier and dependable energy supply, escalating the requirement for power quality equipment like voltage regulators, surge protectors, and uninterruptible power supplies. These fiscal provisions are instrumental in addressing power quality concerns, minimizing downtime, and augmenting overall grid efficacy, thereby stimulating the growth of the power quality equipment market. For example, in October 2023, the US-based Grid Deployment Office, committed to availing electricity universally by maintaining and investing in essential generation facilities, pledged $10.5 billion to the Grid Resilience and Innovation Partnerships (GRIP) Program, under the Bipartisan Infrastructure Law, with the aim of enhancing grid adaptability and fortifying the power system's resilience against increasing risks of extreme weather and climate change. Consequently, amplified government funding for the grid modernization project will stimulate the demand for power-quality equipment.

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What Long-Term Trends Will Define the Future of the Power Quality Equipment Market?
The power quality equipment industry is dominated by top firms who use strategic partnerships as a method to meet customer needs and solidify their market standing. Strategic partnerships entail businesses utilising each other's assets and abilities to reap mutual benefits and success. For example, Deere & Company (John Deere), an American firm specialising in the production of robust and powerful turf, announced a strategic collaboration with EGO, an American battery outdoor power equipment company, and Chervon, a Chinese power tool and outdoor power equipment company, in June 2023. The aim of the partnership between Deere & Company (John Deere), EGO, and Chervon is to supply homeowners with EGO's wide array of battery-driven lawn care products via John Deere dealerships. EGO's innovative and eco-friendly solutions are bolstered by John Deere's market presence through this partnership. Following this agreement, customers will have access to EGO-branded battery products sold through John Deere dealers, aiding the growth of the power electronics industry. With this arrangement, the brands can offer EGO battery-powered lawn care solutions to households.

Which Segments in the Power Quality Equipment Market Offer the Most Profit Potential?
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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Which Firms Dominate the Power Quality Equipment Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in the Power Quality Equipment Market?
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.

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