Please Wait.....
Report
Power Quality Equipment - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 125 Pages I Mordor Intelligence
The Power Quality Equipment Market size is estimated at USD 18.06 billion in 2025, and is expected to reach USD 25.81 billion by 2030, at a CAGR of 7.4% during the forecast period (2025-2030).
Key Highlights
- Over the medium term, factors, such as the increasing demand for power quality in industrial and manufacturing sectors and the increase in smart grid infrastructure, are likely to support the power quality equipment market growth during the forecast period.
- On the other hand, high costs of power-quality equipment are expected to restrain the power-quality equipment market during the forecast period.
- Nevertheless, the integration of variable renewable energy in power grids and the extensive use of non-linear equipment present significant business opportunities for power-quality equipment providers operating across the globe in the near future.
- Asia-Pacific is expected to dominate the overall power quality equipment market owing to the fast-growing industries, increased adoption of renewables, and frequent blackouts in non-developed countries.
Power Quality Equipment Market Trends
Industrial and Manufacturing Segment to Dominate the Market
- The power quality equipment market witnessed a notable share contributed by the industrial and manufacturing segment in 2022, and this sector is anticipated to maintain its dominance throughout the forecast period. Furthermore, the growing adoption of Industry 4.0 across diverse industrial equipment is poised to bolster the market's expansion.
- The industrial sector, encompassing mining, manufacturing, agriculture, and construction, plays a substantial role in overall energy consumption. The heightened requirement for a consistent and dependable power supply, particularly in manufacturing facilities, is foreseen to drive an increased demand for power-quality equipment. This trend underscores the critical role these solutions play in meeting the escalating power needs of industrial operations.
- According to the Energy Institute Statistical Review of World Energy, electricity generation globally has been on a constant rise in recent years, except for 2020, due to the increasing energy demand for industrial and commercial sectors, especially in developing nations, as they aim to increase their manufacturing sector. In 2022, the cumulative electricity generation was recorded at around 29165.1 TWh, which was 2.3% more than in 2021.
- In August 2023, The United States National Center for Defense Manufacturing and Machining (NCDMM) and America Made announced two new open projects. The first project call, Powder Alloy Development for Additive Manufacturing (PADAM), is worth USD 6 Million and is being funded by the AFRL. The second project call, Proliferation of AM Material Datasets, is offering a total of USD 5.75 Million in funding through OSD(R&E) and the AFRL.
- Increasing investments in the industrial and manufacturing sectors and the rise in demand for uninterrupted power supply to the machines used in the industrial and manufacturing sectors are expected to drive the market for power-quality equipment globally.
- Therefore, owing to the above points, the industrial and manufacturing segment is expected to dominate the power quality equipment market during the forecast period.
Asia Pacific to Dominate the Market
- The Asia-Pacific region, marked by ongoing development, grapples with frequent blackouts and an unreliable power supply in several countries such as Malaysia, Cambodia, and the Philippines. Notably, the rapidly expanding industrial and manufacturing sector, the telecom sector, and the commercial sector stand out as substantial end-users of power quality equipment in the region.
- Within the Asia-Pacific region, the manufacturing sector plays a pivotal role in contributing significantly to the economies of various countries, with China serving as the foremost contributor to global manufacturing output. Other notable contributors from the region include Japan, India, South Korea, and Indonesia. Concurrently, countries like Vietnam, Malaysia, and Singapore are expected to bolster their share in this sector during the forecast period. This underscores the diverse landscape of manufacturing activities across the Asia-Pacific region, shaping the demand for power-quality equipment.
- Many countries in this region, such as India and South Korea, are driving the manufacturing industry with various initiatives. In India, the 'Make In India' and 'Production Linked Incentive (PLI)' schemes have given the manufacturing industry a substantial boost in various verticals, and according to India Brand Equity Foundation, by 2025, India's manufacturing sector has the potential to reach USD 1 trillion.
- Similarly, in August 2023, JSW Steel, a domestic entity, collaborated with Japan's JFE Steel Corporation to establish a joint venture (JV) company in India dedicated to the production of CRGO steel. It's noteworthy that JFE Steel Corporation is already a shareholder in JSW Steel, holding a 15% stake in the Indian company.
- In November 2022, Taiwan Semiconductor Manufacturing Co (TSMC) announced a plan to build a USD 7 billion chip plant on Kyushu island, with production of 12 and 16-nanometre chips slated to begin in 2024.
- The power quality equipment market in the region is anticipated to experience growth during the forecast period, propelled by supportive government policies and a rising influx of investments into the power sector. Additionally, the region has witnessed a substantial surge in electricity demand in recent years, attributed to the growing population and urbanization. This surge is expected to further contribute to a notable demand for power-quality equipment in the region, accentuating the pivotal role these factors play in shaping the market landscape.
Power Quality Equipment Industry Overview
The power quality equipment market is semi-fragmented. Some of the major companies (in no particular order) are Hitachi Energy Ltd, Siemens AG, EATON Corporation Plc, Emerson Electric Company, and Schneider Electric SE.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD, till 2029
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 Increasing Demand For Power Quality In Industrial And Manufacturing Sectors
4.5.1.2 Increase In Smart Grid Infrastructure
4.5.2 Restraints
4.5.2.1 High Costs Of Power Quality Equipment
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Equipment
5.1.1 Uninterruptable Power Supply (UPS)
5.1.2 Harmonic Filters
5.1.3 Static VAR Compensator
5.1.4 Power Quality Meters
5.1.5 Other Equipment Types
5.2 Phase
5.2.1 Single Phase
5.2.2 Three Phase
5.3 End-Users
5.3.1 Industrial and Manufacturing
5.3.2 Commercial
5.3.3 Others End-Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 France
5.4.2.3 United Kingdom
5.4.2.4 Italy
5.4.2.5 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 India
5.4.3.3 Japan
5.4.3.4 Australia
5.4.3.5 Rest of Asia Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Chile
5.4.4.4 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Qatar
5.4.5.3 Saudi Arabia
5.4.5.4 South Africa
5.4.5.5 Egypt
5.4.5.6 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Hitachi Energy Ltd
6.3.2 Siemens AG
6.3.3 EATON Corporation Plc
6.3.4 Emerson Electric Company
6.3.5 Schneider Electric SE
6.3.6 General Electric Company
6.3.7 Toshiba Corporation
6.3.8 Schaffner
6.3.9 MTE Corporation
6.3.10 Active Power, Inc
6.4 Market Ranking/Share (%) Analysis
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Integration Of Variable Renewable Energy In Power Grids
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security