Power Quality Equipment Market Trends, Size and Growth 2034
Global Power Quality Equipment Market Growth, Size, Trends Analysis- By Equipment, By Phase, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: POAE25161 | Pages: 1 - 249 | Formats*: |
| Category : Power & Energy | |||
Global Power Quality Equipment Market Introduction and Overview
According to SPER Market Research, the Global Power Quality Equipment Market is estimated to reach USD 64.01 billion by 2034 with a CAGR 6.56%.
The report includes an in-depth analysis of the Global Power Quality Equipment Market, including market size and trends, product mix, Applications, and supplier analysis. The global Power Quality Equipment Market was valued at USD 33.91 billion in 2024 and is expected to grow at a CAGR of over 6.56% from 2025 to 2034. The power quality equipment market is growing due to rising demand for reliable, uninterrupted power across industries. Frequent power outages and voltage fluctuations, especially in developing regions, highlight the need for effective solutions. Technological advancements are enhancing system efficiency, with one key trend being the integration of Internet of Things (IoT) technology. IoT enables real-time monitoring, proactive maintenance, and rapid response to disturbances, reducing downtime and costs. Additionally, IoT-powered analytics support better energy management and operational efficiency, further boosting market growth.
By Equipment:
The market is categorized by equipment type, including power quality meters, surge protection devices, harmonic filters, voltage regulators, uninterruptible power supply (UPS), and others. Among these, the UPS segment holds the largest share, driven by its critical role in ensuring continuous power supply. Its demand is especially strong in data centers, hospitals, and other essential facilities. Meanwhile, the surge protection devices segment is anticipated to grow rapidly due to increasing efforts to protect electronic devices from voltage spikes. Growing awareness and frequent voltage surges from lightning and outages further support this trend.
By Phase:
The market is divided based on phase into single phase and three phase segments. The three phase segment holds the largest share, primarily due to its widespread use in industrial and large commercial applications where higher power capacity and efficiency are essential. As industrialization expands, the need for stable and efficient power solutions continues to drive demand for three phase equipment. Meanwhile, the single-phase segment is expected to witness significant growth, supported by increasing use in residential and light commercial settings. Its ease of installation and lower cost further contribute to its rising adoption.
By End Use:
The market, based on end use, is segmented into residential, commercial, industrial and manufacturing, utilities, and transportation. The industrial and manufacturing segment leads the market and is expected to continue growing steadily. This growth is driven by rapid industrialization, increased automation, and stricter power quality standards. As industries adopt advanced technologies like automation and IoT, the need for reliable and efficient power quality solutions rises to avoid equipment damage and downtime. Additionally, growing investments in industrial infrastructure and the demand for stable, uninterrupted power in manufacturing processes are further accelerating the segment’s expansion.
Regional Insights:
The Asia Pacific region dominates the global power quality equipment market, fueled by accelerated industrialization and urban growth. Countries like China and India are making substantial investments in infrastructure and smart grid technologies, boosting the adoption of power quality equipment to ensure stable power supply and grid resilience. The growing use of sensitive electronic devices in commercial and industrial sectors further fuels demand. In North America, rising reliance on data centers and IT infrastructure is prompting investment in smart grids and advanced power quality solutions to ensure uninterrupted power delivery.
Market Competitive Landscape:
The Power Quality Equipment Market is highly consolidated. Some of the market key players are Eaton Corporation, ABB Ltd., Siemens, General Electric Company, Honeywell International, Inc., Leviton Manufacturing Co., Inc., Emerson Electric Co., Schneider Electric S.E., Legrand, Piller Power Systems.
Recent Developments:
In September 2024, Siemens announced an agreement to acquire Trayer Engineering Corporation, a California-based company specializing in the design and manufacture of medium-voltage secondary distribution switchgear for outdoor and underground applications.
In December 2024, ABB India announced it had signed an agreement to acquire the power electronics business of Gamesa Electric, a Spain-based subsidiary of Siemens Gamesa. This strategic move is intended to enhance ABB’s presence in the fast-growing market for high-power renewable energy conversion technologies.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Equipment, By Phase, By End Use |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Eaton Corporation, ABB Ltd., Siemens, General Electric Company, Honeywell International, Inc., Leviton Manufacturing Co., Inc., Emerson Electric Co., Schneider Electric S.E., Legrand, Piller Power Systems. |
Key Topics Covered in the Report
- Global Power Quality Equipment Market Size (FY’2021-FY’2034)
- Overview of Global Power Quality Equipment Market
- Segmentation of Global Power Quality Equipment Market By Equipment (Power Quality Meters, Surge Protection Devices, Harmonic Filters, Voltage Regulators, Uninterruptable Power Supply (UPS), Others)
- Segmentation of Global Power Quality Equipment Market By Phase (Single Phase, Three Phase)
- Segmentation of Global Power Quality Equipment Market By End Use (Residential, Commercial, Industrial & Manufacturing, Utilities, Transportation)
- Statistical Snap of Global Power Quality Equipment Market
- Expansion Analysis of Global Power Quality Equipment Market
- Problems and Obstacles in Global Power Quality Equipment Market
- Competitive Landscape in the Global Power Quality Equipment Market
- Details on Current Investment in Global Power Quality Equipment Market
- Competitive Analysis of Global Power Quality Equipment Market
- Prominent Players in the Global Power Quality Equipment Market
- SWOT Analysis of Global Power Quality Equipment Market
- Global Power Quality Equipment Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Power Quality Equipment Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Power Quality Equipment Market
7.Global Power Quality Equipment Market, By Equipment, (USD Million) 2021-2034
7.1.Power Quality Meters7.2.Surge Protection Devices7.3.Harmonic Filters7.4.Voltage Regulators7.5.Uninterruptable Power Supply (UPS)7.6.Others
8.Global Power Quality Equipment Market, By Phase, (USD Million) 2021-2034
8.1.Single Phase8.2.Three Phase
9.Global Power Quality Equipment Market, By End Use, (USD Million) 2021-2034
9.1.Residential9.2.Commercial9.3.Industrial & Manufacturing9.4.Utilities9.5.Transportation
10.Global Power Quality Equipment Market, (USD Million) 2021-2034
10.1.Global Power Quality Equipment Market Size and Market Share
11.Global Power Quality Equipment Market, By Region, 2021-2034 (USD Million)
11.1.Asia-Pacific
11.1.1.Australia11.1.2.China11.1.3.India11.1.4.Japan11.1.5.South Korea11.1.6.Rest of Asia-Pacific
11.2.Europe
11.2.1.France11.2.2.Germany11.2.3.Italy11.2.4.Spain11.2.5.United Kingdom11.2.6.Rest of Europe
11.3.Middle East and Africa
11.3.1.Kingdom of Saudi Arabia11.3.2.United Arab Emirates11.3.3.Qatar11.3.4.South Africa11.3.5.Egypt11.3.6.Morocco11.3.7.Nigeria11.3.8.Rest of Middle-East and Africa
11.4.North America
11.4.1.Canada11.4.2.Mexico11.4.3.United States
11.5.Latin America
11.5.1.Argentina11.5.2.Brazil11.5.3.Rest of Latin America
12.Company Profile
12.1.Eaton Corporation
12.1.1.Company details12.1.2.Financial outlook12.1.3.Product summary12.1.4.Recent developments
12.2.ABB Ltd.
12.2.1.Company details12.2.2.Financial outlook12.2.3.Product summary12.2.4.Recent developments
12.3.Siemens
12.3.1.Company details12.3.2.Financial outlook12.3.3.Product summary12.3.4.Recent developments
12.4.General Electric Company
12.4.1.Company details12.4.2.Financial outlook12.4.3.Product summary12.4.4.Recent developments
12.5.Honeywell International, Inc.
12.5.1.Company details12.5.2.Financial outlook12.5.3.Product summary12.5.4.Recent developments
12.6.Leviton Manufacturing Co., Inc.
12.6.1.Company details12.6.2.Financial outlook12.6.3.Product summary12.6.4.Recent developments
12.7.Emerson Electric Co.
12.7.1.Company details12.7.2.Financial outlook12.7.3.Product summary12.7.4.Recent developments
12.8.Schneider Electric S.E.
12.8.1.Company details12.8.2.Financial outlook12.8.3.Product summary12.8.4.Recent developments
12.9.Legrand
12.9.1.Company details12.9.2.Financial outlook12.9.3.Product summary12.9.4.Recent developments
12.10.Piller Power Systems.
12.10.1.Company details12.10.2.Financial outlook12.10.3.Product summary12.10.4.Recent developments
12.11.Others
13.Conclusion
14.List of Abbreviations
15.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Power Quality Equipment Market is projected to reach USD 64.01 billion by 2034, growing at a CAGR of 6.56% during the forecast period.
Power Quality Equipment Market size from 2025. The Market is expected to reach USD 64.01 billion by 2034, at a CAGR of 6.56% during the forecast period.
Power Quality Equipment Market CAGR of 6.56% during the forecast period.
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Power Quality Equipment Market size is USD 64.01 billion from 2025 to 2034.
Power Quality Equipment Market covered By Equipment, By Phase, By End Use
The North America is anticipated to have the highest Market share in the Power Quality Equipment Market.
Eaton Corporation, ABB Ltd., Siemens, General Electric Company, Honeywell International, Inc., Leviton Manufacturing Co., Inc., Emerson Electric Co., Schneider Electric S.E., Legrand, Piller Power Systems.
The report includes an in-depth analysis of the Global Power Quality Equipment Market, including market size and trends, product mix, Applications, and supplier analysis.
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