The power quality equipment market size displayed strong growth in recent years. Its value grew from $26.2 billion in 2024 to an estimated $27.61 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.4%. This historic period growth can largely be linked to the expansion of industrial and manufacturing sectors, growing interest in sensitive electronic equipment, the demand for stable and clean power supply, an increase in grid disturbances and voltage fluctuations, as well as regulatory standards for power quality.
The market shows promise of continued growth, projected to reach $34.65 billion by 2029, demonstrating a robust compound annual growth rate (CAGR) of 5.8%. The forecast period growth can largely be attributed to the growing demand for custom power quality solutions for specific industries, the expansion in renewable energy integration, increased use in electric vehicle charging infrastructure, as well as the integration of IoT and real-time monitoring. Significant trends forecasted include power quality analytics and predictive maintenance, regulatory compliance in power quality equipment safety, collaboration between power quality and cybersecurity, and the integration of energy storage for grid stabilization.
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What Factors Are Propelling The Power Quality Equipment Market?
Government investments in grid modernization projects have been significant drivers in the growth of the power quality equipment market. The grid modernization project outlines the process of updating the electrical grid to improve its safety, productivity, and resilience to new technologies, renewable energy sources, and new types of electricity generation and distribution. The demand for power quality equipment, such as voltage regulators, surge protectors, and uninterruptible power supplies, surges as countries strive to enhance their energy infrastructure and ensure stable and reliable power supplies.
These investments have a critical role in addressing power quality issues, reducing downtime, and improving the overall efficiency of the grid, thus propelling the expansion of the power quality equipment market. For instance, as part of the Bipartisan Infrastructure Law, the US-based Grid Deployment Office announced an investment of $10.5 billion in the Grid Resilience and Innovation Partnerships (GRIP) Program in October 2023 to increase grid flexibility and strengthen the power system’s resilience against escalating risks of extreme weather and climate change. The increasing government investments in the grid modernization project are thereby expected to drive the demand for power-quality equipment.
Which Are The Primary Segments In The Power Quality Equipment Market?
The Power Quality Equipment Market covered in this report is segmented as follows:
1) Equipment: Surge Arresters, Surge Protection Devices, Harmonic Filters, Power Conditioning Units, Power Distribution Unit, Uninterruptable Power Supply, Synchronous Condenser, Voltage Regulator, Digital Static Transfer Switch, Static VAR Compensator, Solid Oxide Fuel Cells, Isolation Transformers, Power Quality Meters, Other Equipment
2) Phase: Single Phase, Three Phase
3) Application: Industrial & Manufacturing, Commercial, Residential, Transportation, Utilities
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Who Are The Major Players In The Power Quality Equipment Market?
Leading 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.
What Emerging Trends Are Seeing Progress In The Power Quality Equipment Market?
Major companies operating in the power quality equipment sector are increasingly focusing on strategic collaborations to meet customer demands and strengthen their market position. For example, in June 2023, Deere & Company (John Deere), a US-based heavy and powerful turf manufacturing company, announced a strategic partnership with EGO, a US-based battery outdoor power equipment company, and Chervon, a China-based power tool and outdoor power equipment company. This partnership is aimed at providing homeowners with a comprehensive range of EGO’s battery-powered lawn care products through John Deere dealers, combining John Deere’s market presence with EGO’s innovative and eco-friendly solutions.
What is The Regional Analysis of The Power Quality Equipment Market?
Asia-Pacific was the largest region in the power quality equipment market in 2024 and is expected to be rapidly growing region throughout the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Power Quality Equipment Market Report 2025 Offer?
Power quality equipment includes devices used for the measurement, analysis, and improvement of voltage to assist in maintaining a stable and clean power supply through a continuous wave and a smooth periodic function waveform of a rated voltage and frequency. These devices/systems are crucial in protecting electrical equipment from premature failure or malfunction.
The Power Quality Equipment Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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