The Power Quality Equipment Market is projected to reach USD 61.65 Billion by 2034, expanding at a CAGR of 6.2%.
Power Quality Equipment Market Analysis: Opportunities, Innovations, and Growth Potential Through 2025-2034
The global Power Quality Equipment market was valued at USD 33.86 Billion in 2024, and it is projected to grow toUSD 61.65 Billion by 2034. During the forecast period from 2025-2034, the market is estimated to rise at a compound annual growth rate (CAGR) of 6.2%.
Market Definition
The Power Quality Equipment Market encompasses technologies and devices designed to ensure a stable and reliable supply of electricity by mitigating disturbances such as voltage sags, surges, harmonics, and interruptions. These systems help maintain the consistent performance of electrical equipment and reduce downtime caused by power fluctuations. The market includes products such as voltage regulators, power conditioners, surge protection devices, and uninterruptible power supplies. Growing industrialization, rising demand for energy-efficient solutions, and increasing sensitivity of modern electronics to power disturbances are driving the adoption of power quality equipment across commercial, industrial, and residential sectors globally.
Key Report Highlights
- The report highlights the key region that accounts for the highest revenue share in the global Power Quality Equipment
- It identifies the leading country within this region that makes a significant contribution to the market’s overall performance.
- The report outlines the dominant segment that holds a major share of the market.
- It also emphasizes the fastest-growing segment projected to gain strong traction during the forecast period.
- Qualitative and quantitative market analysis have been used to provide an in-depth understanding of the market.
Market Overview: Key Figures at a Glance
- Market Value in 2024: USD 33.86 Billion
- Projected Market Size in 2034: USD 61.65 Billion
- Anticipated CAGR (2025-2034): 6.2%
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Power Quality Equipment Market – Growth Drivers:
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Rising Industrial Automation and Digitization: The increasing adoption of automated manufacturing processes and digital control systems across industries is driving demand for reliable power quality equipment to prevent downtime, data loss, and equipment malfunction due to voltage fluctuations and power disturbances.
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Expanding Renewable Energy Integration: The integration of intermittent renewable energy sources such as solar and wind into the grid necessitates advanced power quality equipment to stabilize voltage, frequency, and harmonics, supporting grid reliability and performance.
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Stringent Government Regulations and Standards: Regulatory mandates and energy efficiency standards are prompting industries and utilities to adopt power quality monitoring and correction solutions, fueling market growth.
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Rising Demand for Uninterrupted Power Supply in Critical Infrastructure: Sectors such as healthcare, data centers, telecommunications, and transportation increasingly require consistent power quality to ensure operational continuity and safety, boosting investment in advanced power quality equipment.
Market Key Players
The competitive landscape features a mix of long-standing companies and emerging contenders. Leading players are actively pursuing R&D initiatives and strategic moves to strengthen their market position. Notable participants include:
- ABB Ltd.
- Delta Electronics, Inc.
- Eaton Corporation plc
- Emerson Electric Co.
- General Electric Company
- Legrand
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Siemens AG
- Toshiba Corporation
