Report Details:
15 Companies Covered
111 Pages
Rising Energy Demand and Renewable Integration to Propel the Global Power Quality Equipment Market at a CAGR of 5.46% During the Forecast Period 2025 to 2035
Market Research Future (MRFR) has published a cooked research report on the “Global Power Quality Equipment Market” that contains information from 2018 to 2035. The Power Quality Equipment Market is estimated to register a CAGR of 5.46% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Global Power Quality Equipment Market: ABB Ltd., General Electric Company, Schneider Electric, Siemens AG, Emerson Electric Company, Eaton Corporation Plc, Active Power Inc., MTE Corporation, Smiths Group plc., and Toshiba Corporation.
Power Quality Equipment Market Highlights
The Global Power Quality Equipment Market is expected to register a CAGR of 5.46% during the forecast period and is estimated to reach USD 53.69 Billion by 2035, up from USD 29.91 Billion in 2024.
The market growth is primarily driven by the rising global energy demand, particularly across industrial and manufacturing sectors, and the increasing need for reliable and stable power quality solutions to reduce equipment downtime and operational disruptions. The growth of renewable energy integration, coupled with aging grid infrastructure, is further increasing the demand for advanced monitoring and compensation systems to maintain consistent voltage and frequency levels. Technological innovation is another key driver of this market. Companies are introducing smart and high-speed transient monitoring systems to enhance grid reliability and protect sensitive equipment. For instance, Schneider Electric’s PowerLogic ION9000T, launched in 2020, incorporates transient detection and power quality analytics to prevent outages and ensure system stability. These developments, along with global regulatory standards emphasizing power reliability and efficiency, continue to strengthen market growth.
Furthermore, the global focus on smart grids, decarbonization, and electrification across industries is expected to create new opportunities for market participants. The integration of IoT-enabled power monitoring systems and AI-based predictive maintenance tools is revolutionizing power management across sectors, ensuring energy efficiency and minimizing losses.
Segment Analysis
The Global Power Quality Equipment Market has been segmented based on End-User, Phase, and Equipment.
By End-User, the market is segmented into Industrial & Manufacturing, Commercial, Residential, Transportation, and Utilities. Among these, the Industrial & Manufacturing segment dominated the market in 2024 and is projected to maintain its lead through 2035. Industries rely heavily on a continuous power supply to ensure the smooth operation of machinery and avoid costly downtime. The increasing use of automation and precision manufacturing equipment further elevates the need for consistent power quality management.
Based on the phase, the market is segmented into Single Phase and Three Phase. The Three Phase segment generated the highest revenue in 2024 and is expected to continue leading during the forecast period. Three-phase systems are widely adopted in industrial, utility, and transportation applications due to their superior efficiency in transmitting large amounts of power over long distances and their ability to support heavy electrical loads.
By Equipment, the market is categorized into Uninterruptible Power Supply (UPS), Static VAR Compensator, Power Quality Meters, and Others. The Uninterruptible Power Supply (UPS) segment dominated the global market in 2024. UPS systems are essential for providing stable power to critical operations in data centers, healthcare facilities, and industrial plants by protecting against voltage fluctuations, interruptions, and harmonics. The Static VAR Compensator segment is expected to grow steadily due to its increasing adoption in grid applications to improve voltage stability and power factor correction.
Region Analysis
By Region, the Power Quality Equipment Market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
The North American Power Quality Equipment Market dominated in 2024 and is expected to retain its lead throughout the forecast period. The region’s market growth is driven by digital transformation in the telecommunications and industrial sectors, coupled with rising awareness of energy efficiency and sustainability. The growing adoption of advanced monitoring systems and stringent regulatory standards also support market expansion. Europe accounted for the second-largest share in 2024. The region’s demand is supported by strong industrial and manufacturing bases in countries such as Germany, the UK, and France, along with favorable government initiatives promoting energy-efficient infrastructure. Increasing urbanization and rising energy consumption are further propelling the adoption of power quality systems across Europe. The Asia Pacific Power Quality Equipment Market is anticipated to grow at the fastest CAGR during the forecast period. The rapid industrialization and infrastructure development in countries like China and India are major contributors to market growth. The region’s expanding manufacturing base and increasing investments in renewable energy integration are creating significant opportunities for power quality solution providers.
Key Findings of the Study
· The Global Power Quality Equipment Market is expected to reach USD 53.69 Billion by 2035, at a CAGR of 5.46% during the forecast period.
· North America accounted for the largest market share in 2024.
· Based on Equipment, the Uninterruptible Power Supply (UPS) segment held the largest share in 2024.
· Based on End-User, the Industrial & Manufacturing segment dominated the market in 2024.
· ABB Ltd., Schneider Electric, Siemens AG, Eaton Corporation Plc, and General Electric Company are among the key players actively investing in R&D, mergers, and product innovations to strengthen their global market position.