Market Overview

The global Power Quality Equipment Market was valued at USD 18.5 Billion in 2024 and is projected to reach USD 30.3 Billion by 2033. It is expected to grow at a CAGR of 5.36% during the forecast period 2025-2033. Growth is driven by increasing demand for uninterrupted power, advancements in industrial automation, integration of renewable energy sources, and technological innovations enhancing efficiency and reliability.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Power Quality Equipment Market Key Takeaways

• The global power quality equipment market size was USD 18.5 Billion in 2024.
• The market is expected to exhibit a CAGR of 5.36% for the forecast period 2025-2033.
• The forecast period covered in the study is from 2025 to 2033.
• The market growth is driven by the rising demand for uninterrupted power supply across industries including manufacturing, healthcare, IT, and telecommunications.
• Industrial automation and the integration of renewable energy sources contribute significantly to market expansion.
• Asia Pacific leads the market due to rapid industrialization, urbanization, and economic growth.
• Increasing adoption of smart grids and advanced monitoring systems enhances energy efficiency and reliability.

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Market Growth Factors

The growing demand for uninterrupted power supply is a key driver of the power quality equipment market. Industrial and commercial sectors, including manufacturing, healthcare, IT, and telecommunications, require continuous and reliable power to avoid production halts, financial losses, and operational inefficiencies. Power quality equipment like uninterruptible power supplies (UPS) are crucial in these industries to prevent disruptions caused by brief outages.

Rising industrial automation also propels the demand for power quality equipment. Automated manufacturing systems, robotic arms, CNC machines, and assembly lines need stable and high-quality power to function effectively. Power disturbances such as voltage fluctuations, harmonics, and transient interruptions can impair equipment performance and cause costly downtime, increasing reliance on power quality solutions.

The expansion and integration of renewable energy sources like solar and wind power are significant market growth factors. These sources introduce variability and intermittency into power grids, causing voltage sags, swells, and frequency variations that impact power stability. Power quality equipment helps in managing and stabilizing power from renewable sources, ensuring grid reliability and equipment protection.

Market Segmentation

Breakup by Equipment:

• Uninterruptable Power Supply (UPS): UPS systems dominate the market by providing immediate backup power during outages, critical in data centers, hospitals, and manufacturing plants to prevent data loss and operational disruptions.
• Harmonic Filters: Devices used to mitigate power quality issues caused by harmonics affecting electrical systems.
• Static VAR Compensator: Equipment used to regulate voltage and improve power factor.
• Power Quality Meters: Instruments that monitor and analyze power quality parameters.

Breakup by Phase:

• Single Phase: Power systems with a single alternating voltage.
• Three Phase: The largest market segment, three-phase power systems are more efficient, handle higher loads, and are preferred in industrial and commercial settings for balanced electrical load distribution and reliable performance.

Breakup by End User:

• Industrial and Manufacturing: The leading segment due to high demand for reliable power to operate sophisticated machinery and automation systems sensitive to power disturbances, ensuring uninterrupted operations.
• Commercial: Includes commercial establishments needing stable power.
• Others: Other end-user segments not specifically detailed.

Regional Insights

Asia Pacific holds the largest share in the power quality equipment market, driven by rapid industrialization, urbanization, and robust economic growth. The region experiences substantial industrial expansion requiring reliable and efficient power infrastructure. Investments in manufacturing and renewable energy integration further amplify the demand for advanced power quality solutions, positioning Asia Pacific as the dominant regional market.

Recent Developments & News

In January 2024, CyberPower expanded its Smart App Sinewave UPS Series to include Lithium-Iron models, offering benefits such as reduced maintenance and longer product lifecycle. In May 2024, Eaton Corporation plc acquired Exertherm, a UK-based company specializing in thermal monitoring solutions for electrical equipment, enhancing Eaton’s portfolio in power quality and monitoring technologies.

Key Players

• ABB Ltd
• Cyber Power Systems (USA), Inc
• Delta Electronics, Inc.
• Eaton Corporation plc
• Emerson Electric Co.
• GE Vernova
• Hubbell Incorporated
• Legrand
• Mitsubishi Electric Power Products Inc.
• Piller Power Systems (Langley Holdings plc)
• Schneider Electric

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