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The global market for power quality equipment is expected to grow at a CAGR of 7.26% between 2023 and 2030, reaching USD 44.37 billion by the end of that decade.
Power quality equipment refers to devices that are used primarily to maintain a constant voltage and frequency in an electrical system. It ensures that the voltage supply will remain stable within a narrow band. Power quality is measured in terms of its various attributes, such as flicker current, voltage dips, harmonics, voltage, transients, etc. Power quality devices are like filters for electricity; they modify the sinewave so that electrical systems can run reliably and safely for longer by lowering or eliminating hazardous harmonics. In order to guarantee a steady supply of electricity, power grids use power quality devices. Investing in power quality equipment is a wise financial and environmental decision since it reduces the likelihood of costly problems including capacitor bank failures, equipment breakdowns, data loss, lost productivity, and unscheduled power outages.
The power quality devices help lessen the burden on the system's numerous devices. Data analysis and collection may be performed quickly, and databases are supported so that data can be retrieved and stored without delay. Investment bankers, advisors, end users, distributors, and makers of power quality equipment are the intended customers for this sector. The fast digitization trends in the telecommunications sector are also expected to boost the global market for power quality equipment throughout the forecast period. According to the World Economic Forum's 2017 report on the Digital Transformation Initiative (DTI) project created for the sector, the newest innovations in the telecoms industry make feasible the fourth industrial revolution. New business opportunities will arise as a result of rapid urbanisation and industrialization, as well as ongoing grid infrastructure enhancements. The requirement for power quality equipment in many different utilities to ensure a steady, uninterrupted supply of electricity is growing as industrialization progresses. High installation costs for power quality devices, as well as a general lack of industry awareness, may limit the growth of the market.
The global market for power quality equipment has been divided according to equipment, phase, end user, and geography. Equipment-based segmentation has been used to classify the global market, which includes UPSs, static var compensators, power quality metre, and others. The uninterruptible power supply market is expected to become the most lucrative by 2025. The growing need to safeguard critical devices from power outages is driving growth in the uninterruptible power supply industry. The global market for power quality equipment has been divided into single-phase and three-phase submarkets. It is expected that the three-phase industry will dominate the market. This is so it can handle greater loads and maintain a constant power output for use in business and industry.
The global market is segmented by end user into the manufacturing and industrial sector, the commercial sector, the residential sector, the transportation sector, and the utility sector. The business sector is expected to grow rapidly during the forecast period. Vehicles and electrical equipment are being modified to work with the Industry 4.0 initiative in order to facilitate remote diagnostics, remote maintenance, and remote data collection. Such actions have stoked a fire in the need for data centres, servers, and communication technologies. As the use of electronic technology has increased, so has the need for protective solutions for such crucial equipment. This is a major factor in the growth of the power quality equipment market in the business sector.
In order to guarantee a steady supply of electricity, power grids use power quality devices. The voltage and frequency of the electricity flowing through the grids must be kept within the parameters set. The waveform must be completely sinusoidal. Maintaining high power quality helps you save both cash and power. Capacitor bank failures, sudden equipment failures, poor performance, and unexpected shutdowns can all be avoided with the help of power quality equipment, which in turn saves money and reduces energy consumption.
When the electricity is steady, consumers don't have to worry about their energy bills or reactive power rates. Businesses and the economy as a whole suffer significant losses due to poor power quality. In order to improve power quality and cut down on losses, a wide variety of tools are used. These tools include harmonic filters, voltage optimizers, compensators, isolation transformers, and power quality metres. By removing the harmonics in electrical systems caused by nonlinear loads, harmonic filters can boost equipment performance and save energy costs. The goal of voltage optimisation is to minimise supply voltage in order to lower electricity bills and power consumption. Harmonics and transient voltages can be mitigated, and phase voltages can be balanced, all of which contribute to better power quality. As a result, the substantial energy and cost savings made possible by this technology is driving the expansion of the global market for power quality equipment. Tracking harmonics in power, maintaining stable frequencies, reducing voltage fluctuations, etc. are all made easier with the aid of power quality equipment. They aid utilities in avoiding outages and keeping electricity quality consistent. Power quality devices are expensive since they have several functionalities. Features found in high-end power quality equipment include antialiasing, flicker detection and location, harmonic distortion analysis, high-speed transient detection, and automated alarm setup. As a result, the cost to purchase and set up this apparatus is quite significant. The overall expansion of the power quality equipment market is anticipated to be slowed by the high prices of high-end devices.
Report Coverage
Global Power Quality Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Power Quality Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Power Quality Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Power Quality Equipment market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Power Quality Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Power Quality Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ABB, Ltd. (Switzerland), General Electric Company (US), Schneider Electric (France), Siemens AG (Germany), Emerson Electric Company (US), Eaton Corporation, Plc (Ireland), Active Power, Inc. (US), MTE Corporation (US), Smiths Group plc. (UK), and Toshiba Corporation (Japan)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Power Quality Equipment market based on the below-mentioned segments:
Global Power Quality Equipment Market, By Equipment
Uninterruptable Power Supply
Static VAR Compensator
Power Quality Meters
Others
Global Power Quality Equipment market, By Phase
Single Phase
Three Phase
Global Power Quality Equipment Market, By End User
Industrial & Manufacturing
Commercial
Residential
Transportation
Utilities
Global Power Quality Equipment market, Regional Analysis
Power quality equipment refers to devices that are used primarily to maintain a constant voltage and frequency in an electrical system. It ensures that the voltage supply will remain stable within a narrow band. Power quality is measured in terms of its various attributes, such as flicker current, voltage dips, harmonics, voltage, transients, etc. Power quality devices are like filters for electricity; they modify the sinewave so that electrical systems can run reliably and safely for longer by lowering or eliminating hazardous harmonics. In order to guarantee a steady supply of electricity, power grids use power quality devices. Investing in power quality equipment is a wise financial and environmental decision since it reduces the likelihood of costly problems including capacitor bank failures, equipment breakdowns, data loss, lost productivity, and unscheduled power outages.
The power quality devices help lessen the burden on the system's numerous devices. Data analysis and collection may be performed quickly, and databases are supported so that data can be retrieved and stored without delay. Investment bankers, advisors, end users, distributors, and makers of power quality equipment are the intended customers for this sector. The fast digitization trends in the telecommunications sector are also expected to boost the global market for power quality equipment throughout the forecast period. According to the World Economic Forum's 2017 report on the Digital Transformation Initiative (DTI) project created for the sector, the newest innovations in the telecoms industry make feasible the fourth industrial revolution. New business opportunities will arise as a result of rapid urbanisation and industrialization, as well as ongoing grid infrastructure enhancements. The requirement for power quality equipment in many different utilities to ensure a steady, uninterrupted supply of electricity is growing as industrialization progresses. High installation costs for power quality devices, as well as a general lack of industry awareness, may limit the growth of the market.
The global market for power quality equipment has been divided according to equipment, phase, end user, and geography. Equipment-based segmentation has been used to classify the global market, which includes UPSs, static var compensators, power quality metre, and others. The uninterruptible power supply market is expected to become the most lucrative by 2025. The growing need to safeguard critical devices from power outages is driving growth in the uninterruptible power supply industry. The global market for power quality equipment has been divided into single-phase and three-phase submarkets. It is expected that the three-phase industry will dominate the market. This is so it can handle greater loads and maintain a constant power output for use in business and industry.
The global market is segmented by end user into the manufacturing and industrial sector, the commercial sector, the residential sector, the transportation sector, and the utility sector. The business sector is expected to grow rapidly during the forecast period. Vehicles and electrical equipment are being modified to work with the Industry 4.0 initiative in order to facilitate remote diagnostics, remote maintenance, and remote data collection. Such actions have stoked a fire in the need for data centres, servers, and communication technologies. As the use of electronic technology has increased, so has the need for protective solutions for such crucial equipment. This is a major factor in the growth of the power quality equipment market in the business sector.
In order to guarantee a steady supply of electricity, power grids use power quality devices. The voltage and frequency of the electricity flowing through the grids must be kept within the parameters set. The waveform must be completely sinusoidal. Maintaining high power quality helps you save both cash and power. Capacitor bank failures, sudden equipment failures, poor performance, and unexpected shutdowns can all be avoided with the help of power quality equipment, which in turn saves money and reduces energy consumption.
When the electricity is steady, consumers don't have to worry about their energy bills or reactive power rates. Businesses and the economy as a whole suffer significant losses due to poor power quality. In order to improve power quality and cut down on losses, a wide variety of tools are used. These tools include harmonic filters, voltage optimizers, compensators, isolation transformers, and power quality metres. By removing the harmonics in electrical systems caused by nonlinear loads, harmonic filters can boost equipment performance and save energy costs. The goal of voltage optimisation is to minimise supply voltage in order to lower electricity bills and power consumption. Harmonics and transient voltages can be mitigated, and phase voltages can be balanced, all of which contribute to better power quality. As a result, the substantial energy and cost savings made possible by this technology is driving the expansion of the global market for power quality equipment. Tracking harmonics in power, maintaining stable frequencies, reducing voltage fluctuations, etc. are all made easier with the aid of power quality equipment. They aid utilities in avoiding outages and keeping electricity quality consistent. Power quality devices are expensive since they have several functionalities. Features found in high-end power quality equipment include antialiasing, flicker detection and location, harmonic distortion analysis, high-speed transient detection, and automated alarm setup. As a result, the cost to purchase and set up this apparatus is quite significant. The overall expansion of the power quality equipment market is anticipated to be slowed by the high prices of high-end devices.
Report Coverage
Global Power Quality Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Power Quality Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Power Quality Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Power Quality Equipment market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ABB, Ltd. (Switzerland), General Electric Company (US), Schneider Electric (France), Siemens AG (Germany), Emerson Electric Company (US), Eaton Corporation, Plc (Ireland), Active Power, Inc. (US), MTE Corporation (US), Smiths Group plc. (UK), and Toshiba Corporation (Japan) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Power Quality Equipment Market from 2021 to 2030.
- Market Forecast for Power Quality Equipment Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Power Quality Equipment competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Power Quality Equipment
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Power Quality Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Power Quality Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ABB, Ltd. (Switzerland), General Electric Company (US), Schneider Electric (France), Siemens AG (Germany), Emerson Electric Company (US), Eaton Corporation, Plc (Ireland), Active Power, Inc. (US), MTE Corporation (US), Smiths Group plc. (UK), and Toshiba Corporation (Japan)
Primary Target Market
- Market Players of Power Quality Equipment
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Power Quality Equipment market based on the below-mentioned segments:
Global Power Quality Equipment Market, By Equipment
Uninterruptable Power Supply
Static VAR Compensator
Power Quality Meters
Others
Global Power Quality Equipment market, By Phase
Single Phase
Three Phase
Global Power Quality Equipment Market, By End User
Industrial & Manufacturing
Commercial
Residential
Transportation
Utilities
Global Power Quality Equipment market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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