The Europe Power Quality Equipment Market would witness market growth of 5.9% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Power Quality Equipment Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.79 billion by 2031. The UK market is exhibiting a CAGR of 5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 6.8% during (2024 - 2031).
The market is expanding rapidly due to several converging factors. In a range of industries, including healthcare, manufacturing, data centers, and telecommunications, there is a growing dependence on sensitive electronic equipment and systems. This is the main reason that is contributing to this development.
Moreover, these sectors necessitate a consistent and dependable power supply to operate efficiently, as even minor disruptions can result in equipment malfunctions, data loss, and operational delays. For instance, in data centers where uptime is crucial, power quality issues can result in catastrophic failures, leading to substantial financial losses.
The European Union’s Green Deal aims for climate neutrality by 2050 and is driving significant investments in renewable energy infrastructure and the transition to electric mobility. While these endeavors are crucial for the reduction of carbon emissions, they present obstacles to the maintenance of grid stability as a result of the increased demand from EVs and the variability of renewable energy sources. In Germany, the increasing demand for power quality equipment in the utilities and transportation sectors is closely linked to the country’s Energiewende (Energy Transition) initiative.
Based on Phase, the market is segmented into Three Phase and Single Phase. Based on Product, the market is segmented into Uninterruptable Power Supply (UPS), Power Quality Meters, Surge Protection Devices, Harmonic Filters, Voltage Regulators, and Others. Based on End Use, the market is segmented into Industrial & Manufacturing, Residential, Commercial, Utilities, and Transportation. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The Germany market dominated the Europe Power Quality Equipment Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.79 billion by 2031. The UK market is exhibiting a CAGR of 5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 6.8% during (2024 - 2031).
The market is expanding rapidly due to several converging factors. In a range of industries, including healthcare, manufacturing, data centers, and telecommunications, there is a growing dependence on sensitive electronic equipment and systems. This is the main reason that is contributing to this development.
Moreover, these sectors necessitate a consistent and dependable power supply to operate efficiently, as even minor disruptions can result in equipment malfunctions, data loss, and operational delays. For instance, in data centers where uptime is crucial, power quality issues can result in catastrophic failures, leading to substantial financial losses.
The European Union’s Green Deal aims for climate neutrality by 2050 and is driving significant investments in renewable energy infrastructure and the transition to electric mobility. While these endeavors are crucial for the reduction of carbon emissions, they present obstacles to the maintenance of grid stability as a result of the increased demand from EVs and the variability of renewable energy sources. In Germany, the increasing demand for power quality equipment in the utilities and transportation sectors is closely linked to the country’s Energiewende (Energy Transition) initiative.
Based on Phase, the market is segmented into Three Phase and Single Phase. Based on Product, the market is segmented into Uninterruptable Power Supply (UPS), Power Quality Meters, Surge Protection Devices, Harmonic Filters, Voltage Regulators, and Others. Based on End Use, the market is segmented into Industrial & Manufacturing, Residential, Commercial, Utilities, and Transportation. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Eaton Corporation plc
- ABB Group
- Schneider Electric SE
- Legrand S.A. (Legrand Group)
- Siemens AG
- Honeywell International, Inc.
- Leviton Manufacturing Co., Inc.
- Emerson Electric Co.
- Ametek, Inc.
- GE Vernova Group
Market Report Segmentation
By Phase- Three Phase
- Single Phase
- Uninterruptable Power Supply (UPS)
- Power Quality Meters
- Surge Protection Devices
- Harmonic Filters
- Voltage Regulators
- Others
- Industrial & Manufacturing
- Residential
- Commercial
- Utilities
- Transportation
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Power Quality Equipment Market by Phase
Chapter 6. Europe Power Quality Equipment Market by Product
Chapter 7. Europe Power Quality Equipment Market by End Use
Chapter 8. Europe Power Quality Equipment Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Eaton Corporation plc
- ABB Group
- Schneider Electric SE
- Legrand S.A. (Legrand Group)
- Siemens AG
- Honeywell International, Inc.
- Leviton Manufacturing Co., Inc.
- Emerson Electric Co.
- Ametek, Inc.
- GE Vernova Group
Methodology
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