The global power quality equipment market size reached US$ 16.5 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 24.7 Billion by 2028, exhibiting a CAGR of 6.96% during 2022-2028.
Power quality equipment is a device, which is extensively deployed in the residential and commercial sector for regulating, providing, and maintaining uniform power quality. It is further utilized to ensure a steady voltage supply and reduce the utility of multiple devices in a system. Power quality equipment offers various benefits, such as eliminating premature aging of equipment, enhanced efficiency avoiding damages, and avoiding loss of data. Besides this, some of the most commonly used power quality equipment include harmonic filters, isolation transformers, power quality meters and compensators.
2. What is the expected growth rate of the global power quality equipment market during 2023-2028?
3. What are the key factors driving the global power quality equipment market?
4. What has been the impact of COVID-19 on the global power quality equipment market?
5. What is the breakup of the global power quality equipment market based on equipment?
6. What is the breakup of the global power quality equipment market based on the phase?
7. What is the breakup of the global power quality equipment market based on the end user?
8. What are the key regions in the global power quality equipment market?
9. Who are the key players/companies in the global power quality equipment market?
Power quality equipment is a device, which is extensively deployed in the residential and commercial sector for regulating, providing, and maintaining uniform power quality. It is further utilized to ensure a steady voltage supply and reduce the utility of multiple devices in a system. Power quality equipment offers various benefits, such as eliminating premature aging of equipment, enhanced efficiency avoiding damages, and avoiding loss of data. Besides this, some of the most commonly used power quality equipment include harmonic filters, isolation transformers, power quality meters and compensators.
Power Quality Equipment Market Trends:
The widespread adoption of power quality equipment in the industrial and manufacturing sectors due to the continued growth of transmission, distribution, and renewable integration is one of the key factors primarily driving the global power quality equipment market toward growth. Furthermore, the increasing demand for uninterrupted power supply, along with the requirement for smart grid infrastructure for ensuring the power quality is positively influencing the market growth. In line with this, the escalating utilization of power quality equipment due to the need for high-capacity electricity systems in power data centers and servers is propelling is acting as another growth-inducing factor. The market is also driven by the growing investments in the manufacturing and industrial sectors for developing new advanced technologies. Other factors, numerous initiatives undertaken by the government of various countries for strengthening the manufacturing sector and the increasing investments in upgrading the existing grid systems, along with extensive research and development (R&D) activities, are stimulating market growth across the globe. The introduction of innovative product variants is also creating a positive outlook for the market further.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global power quality equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on equipment, phase and end user.Breakup by Equipment:
- Uninterruptable Power Supply (UPS)
- Harmonic Filters
- Static VAR Compensator
- Power Quality Meters
- Others
Breakup by Phase:
- Single Phase
- Three Phase
Breakup by End User:
- Industrial and Manufacturing
- Commercial
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Cordyne Inc., Cyber Power Systems (USA) Inc, Delta Electronics Inc., Eaton Corporation PLC, EMCO Limited, Fluke Corporation (Fortive Corporation), General Electric Company, Hubbell Incorporated, Kyoritsu Electrical Instruments Works Ltd., National Instruments Corporation and Siemens Aktiengesellschaft.Key Questions Answered in This Report
1. What was the size of the global power quality equipment market in 2022?2. What is the expected growth rate of the global power quality equipment market during 2023-2028?
3. What are the key factors driving the global power quality equipment market?
4. What has been the impact of COVID-19 on the global power quality equipment market?
5. What is the breakup of the global power quality equipment market based on equipment?
6. What is the breakup of the global power quality equipment market based on the phase?
7. What is the breakup of the global power quality equipment market based on the end user?
8. What are the key regions in the global power quality equipment market?
9. Who are the key players/companies in the global power quality equipment market?
Table of Contents
1 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Power Quality Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Equipment
6.1 Uninterruptable Power Supply (UPS)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Harmonic Filters
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Static VAR Compensator
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Power Quality Meters
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Phase
7.1 Single Phase
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Three Phase
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End User
8.1 Industrial and Manufacturing
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Cordyne Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Cyber Power Systems (USA) Inc
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Delta Electronics Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Eaton Corporation PLC
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 EMCO Limited
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Fluke Corporation (Fortive Corporation)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 General Electric Company
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Hubbell Incorporated
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Kyoritsu Electrical Instruments Works Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 National Instruments Corporation
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Siemens Aktiengesellschaft
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Power Quality Equipment Market: Major Drivers and Challenges
Figure 2: Global: Power Quality Equipment Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Power Quality Equipment Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Power Quality Equipment Market: Breakup by Equipment (in %), 2022
Figure 5: Global: Power Quality Equipment Market: Breakup by Phase (in %), 2022
Figure 6: Global: Power Quality Equipment Market: Breakup by End User (in %), 2022
Figure 7: Global: Power Quality Equipment Market: Breakup by Region (in %), 2022
Figure 8: Global: Power Quality Equipment (Uninterruptable Power Supply) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Power Quality Equipment (Uninterruptable Power Supply) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Power Quality Equipment (Harmonic Filters) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Power Quality Equipment (Harmonic Filters) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Power Quality Equipment (Static VAR Compensator) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Power Quality Equipment (Static VAR Compensator) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Power Quality Equipment (Power Quality Meters) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Power Quality Equipment (Power Quality Meters) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Power Quality Equipment (Other Equipment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Power Quality Equipment (Other Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Power Quality Equipment (Single Phase) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Power Quality Equipment (Single Phase) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Power Quality Equipment (Three Phase) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Power Quality Equipment (Three Phase) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Power Quality Equipment (Industrial and Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Power Quality Equipment (Industrial and Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Power Quality Equipment (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Power Quality Equipment (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Power Quality Equipment (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Power Quality Equipment (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Power Quality Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Power Quality Equipment Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Global: Power Quality Equipment Industry: SWOT Analysis
Figure 78: Global: Power Quality Equipment Industry: Value Chain Analysis
Figure 79: Global: Power Quality Equipment Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Power Quality Equipment Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Power Quality Equipment Market Forecast: Breakup by Equipment (in Million US$), 2023-2028
Table 3: Global: Power Quality Equipment Market Forecast: Breakup by Phase (in Million US$), 2023-2028
Table 4: Global: Power Quality Equipment Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Power Quality Equipment Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Power Quality Equipment Market: Competitive Structure
Table 7: Global: Power Quality Equipment Market: Key Players
Companies Mentioned
- ABB Ltd.
- Cordyne Inc.
- Cyber Power Systems (USA) Inc
- Delta Electronics Inc.
- Eaton Corporation PLC
- EMCO Limited
- Fluke Corporation (Fortive Corporation)
- General Electric Company
- Hubbell Incorporated
- Kyoritsu Electrical Instruments Works Ltd.
- National Instruments Corporation
- Siemens Aktiengesellschaft.
Methodology
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