Power Quality Equipment Market Report 2025

This Power Quality Equipment report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The power quality equipment market size has grown strongly in recent years. It will grow from $26.2 billion in 2024 to $27.61 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to expansion of industrial and manufacturing sectors, growth in sensitive electronic equipment, demand for stable and clean power supply, increase in grid disturbances and voltage fluctuations, regulatory standards for power quality.

The power quality equipment market size is expected to see strong growth in the next few years. It will grow to $34.65 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to customized power quality solutions for specific industries, integration of iot and real-time monitoring, sustainable and eco-friendly power quality equipment, expansion in renewable energy integration, increased use in electric vehicle charging infrastructure. Major trends in the forecast period include power quality analytics and predictive maintenance, regulatory compliance in power quality equipment safety, smart and adaptive power quality solutions, integration of energy storage for grid stabilization, collaboration between power quality and cybersecurity.

The substantial increase in government investments in grid modernization projects is a key driver of the power quality equipment market. Grid modernization involves upgrading the electrical grid to enhance safety, productivity, and adaptability to new technologies, diverse electricity generation and distribution methods, and the integration of renewable energy sources. Governments worldwide are investing significantly in these projects to improve energy infrastructure, ensure a more stable power supply, and address power quality issues. This surge in demand for power quality equipment, including voltage regulators, surge protectors, and uninterruptible power supplies, is essential for reducing downtime and enhancing overall grid efficiency. As an example, the Grid Deployment Office in the United States announced a $10.5 billion investment in the Grid Resilience and Innovation Partnerships (GRIP) Program, part of the Bipartisan Infrastructure Law, to enhance grid flexibility and resilience against extreme weather and climate change. Therefore, increasing government investments in grid modernization projects are expected to drive the demand for power quality equipment.

The rising demand for power is significantly driving the growth of the power quality equipment market. Power demand refers to the maximum amount of electrical power consumed at any given time. Globally, this demand is increasing due to a surge in various industrial activities and advancements in both developing and developed nations. For instance, in December 2023, the Department for Energy Security and Net Zero, a UK-based government department, reported that renewable electricity generation reached a record high of 39.9 terawatt-hours in the fourth quarter of 2023, representing a 4.9% increase compared to the same period in 2022. Additionally, renewable sources accounted for 47.3% of total electricity generation, marking a new high. Therefore, as power demand continues to grow year after year, the need for power quality equipment is also expected to increase.

In the power quality equipment sector, major companies are strategically collaborating to meet customer demands and strengthen their market positions. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits. For instance, Deere & Company (John Deere) announced a strategic collaboration with EGO and Chervon to offer a comprehensive range of EGO's battery-powered lawn care products through John Deere dealers. This collaboration aims to combine John Deere's market presence with EGO's innovative and environmentally friendly solutions, providing customers with EGO-branded battery products through John Deere dealers.

Technological innovation is a significant trend gaining traction in the power quality equipment market. Leading companies in this sector are focusing on developing advanced technological solutions, such as uninterruptible power supplies (UPS), to meet customer demands and enhance their market presence. For example, in April 2023, Schneider Electric SE, a France-based multinational corporation specializing in digital automation and energy management, introduced the Easy UPS 3-Phase Modular. This robust UPS protects critical loads and features verified Live Swap functionality. With capacities ranging from 50 to 250 kW and N+1 scalability, along with EcoStruxure support, this UPS optimizes capital investment. As part of the Green Premium portfolio, it guarantees energy efficiency, durability, and recyclability. Equipped with advanced features like high-efficiency design and intelligent battery management, it is positioned as a cost-effective and energy-efficient UPS solution in the market.

In September 2023, AMETEK, Inc., a US-based manufacturer of electronic instruments and electromechanical devices, acquired United Electronic Industries for an undisclosed amount. This acquisition enhances AMETEK's capabilities in the aerospace, defense, energy, and semiconductor sectors, with a particular focus on power quality equipment. United Electronic Industries specializes in manufacturing data acquisition and control systems in the United States.

Major companies operating in the power quality equipment market include Eaton Corporation plc, ABB Ltd., Siemens AG, Schneider Electric SE, General Electric Company, Toshiba Corporation, Emerson Electric Co., Legrand SA, Honeywell International Inc., AMETEK Inc., Piller Group GmbH, Acumentrics Corporation, Leviton Manufacturing Co. Inc., MTE Corporation, Socomec India Private Limited, Infinite Electronics Inc., Hitachi ABB Power Grids Ltd., Active Power Inc., Smiths Group plc, Powervar Inc., S&C Electric Company, Delta Electronics Inc., Mitsubishi Electric Corporation, Rockwell Automation Inc., Fuji Electric Co. Ltd., SolaHD, Eaton Corporation, Phoenix Contact GmbH & Co. KG, Panduit Corporation, Littelfuse Inc.

Asia-Pacific was the largest region in the power quality equipment market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the power quality equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the power quality equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Power quality equipment comprises devices designed for measuring, analyzing, and enhancing voltage to ensure the maintenance of a continuous and smooth periodic function waveform at a rated voltage and frequency. This equipment is essential for safeguarding electrical systems, preventing premature failure or malfunction of connected devices.

The primary types of power quality equipment encompass surge arresters, surge protection devices, harmonic filters, power conditioning units, power distribution units, uninterruptible power supply (UPS), synchronous condensers, voltage regulators, digital static transfer switches, static var compensators, solid oxide fuel cells, isolation transformers, power quality meters, and other related devices. Surge arresters act as protective devices, limiting voltage on equipment by discharging or bypassing surge current, thereby preventing the flow of current to the ground. They find application in single-phase and three-phase power generation and distribution systems across various industries, including industrial and manufacturing, commercial, residential, transportation, and utilities.

The power quality equipment market research report is one of a series of new reports that provides power quality equipment market statistics, including power quality equipment industry global market size, regional shares, competitors with a power quality equipment market share, detailed power quality equipment market segments, market trends and opportunities and any further data you may need to thrive in the power quality equipment industry. This power quality equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The power quality equipment market consists of sales of voltage regulators, isolation transformers, uninterruptible power supply (UPS), backup generators and surge protection devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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