Power Quality Equipment Market Forecasts to 2028 – Global Analysis By Equipment Type (Voltage Regulators, Power Quality Meters, Isolation Transformers, DC Power Supply), End User (Residential, Electronics) and By Geography
According to Stratistics MRC, the Global Power Quality Equipment Market is accounted for $30.19 billion in 2020 and is expected to reach $61.50 billion by 2028 growing at a CAGR of 9.3% during the forecast period. Factors such as increase in the demand for power and increasing adoption of smart grid technologies are driving the growth of the market. However, frequent switching of heavy loads connected to power networks is hampering the growth of the market.
Power quality equipment are used for regulating power and providing uniform power quality. It helps to ensure a steady supply of voltage within a defined range. These equipment can handle multiple disturbances. Power quality equipment primarily aims to reduce multiple equipment usage in a system. It also supports databases where collection and analysis of the data can be read and stored with no time lags and also measure and analyze data required for a short period.
Based on the end user, the industrial manufacturing segment is anticipated to expand at a rapid pace during the forecast period owing to the rise in demand for uninterrupted power supply to machines used in manufacturing and process industries as any interruption or breakdown can result in significant losses due to the loss of production time. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the surging demand for electricity and the growing requirement to increase renewable power generation capacity.
Some of the key players profiled in the Power Quality Equipment Market include Toshiba, Socomec, Acumentrics, Emerson, Piller Power Systems, MTE, Leviton Manufacturing, Siemens, Infinite Electronics Duromax, Honeywell, General Electric, Legrand, Eaton, AMETEK Powervar, Schneider Electric, and ABB.
Estimated Market Size in 2020:
USD 30.19 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 61.50 billion
Tables, Graphs& Figures
Equipment Type, Phase, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Equipment Types Covered:
• Voltage Regulators
• Uninterruptable Power Supplies
• Synchronous Condensers
• Digital Static Transfer Switches,
• Power Quality Meters
• Surge Protection Devices
• Harmonic Filters
• Power Distribution Units
• Surge Arresters
• Power Conditioning Units
• Motor-Generator Set
• Static VAR Compensators
• Isolation Transformers
• Solid Oxide Fuel Cells
• DC Power Supply
• Single Phase
• Three Phase
End Users Covered:
• IT & Telecommunications
• Industrial Manufacturing
• Energy & Utilities
• Electrical & Electronics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Power Quality Equipment Market is majorly driven by increase in the demand for power and increasing adoption of smart grid technologies.
The industrial manufacturing segment is growing at a highest CAGR owing to rise in demand for uninterrupted power supply to machines used in manufacturing and process industries.
North America dominated with a significant market share due to the factors such as growing industrial sectors and increasing investments in the power sector across the region.
Asia Pacific market is growing at a highest CAGR owing to the rising demand for electricity and the growing requirement to increase renewable power generation capacity.
Key players in Power Quality Equipment Market include Toshiba, Socomec, Acumentrics, Emerson, Piller Power Systems, MTE, Leviton Manufacturing, Siemens, Infinite Electronics Duromax, Honeywell, General Electric, Legrand, Eaton, AMETEK Powervar, Schneider Electric, and ABB.
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