Designed to make market research more actionable and strategically valuable, The Business Research Company’s 2026 market reports feature market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
Power Quality Equipment Market Revenue Expansion Outlook For The 2026–2030 Forecast Period
The power quality equipment market has shown significant expansion in recent years. Its size is expected to rise from $27.15 billion in 2025 to $28.63 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 5.4%. This historical growth can be attributed to factors such as the increasing need for industrial equipment protection, the early adoption of surge protection devices, a rise in power fluctuations within commercial facilities, broadened utility grid modernization efforts, and the reliance on conventional voltage regulators.
The power quality equipment market is anticipated to experience substantial expansion over the coming years. This market is projected to reach $35.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.3%. The projected growth during this period stems from factors such as a heightened demand for harmonic filtering solutions, the expansion of data center infrastructure, increased investments in smart utility networks, the growing embrace of advanced UPS systems, and the creation of high-precision power monitoring devices. Key trends anticipated during the forecast period encompass the implementation of intelligent voltage monitoring systems, the proliferation of IoT-enabled power quality platforms, the evolution of cloud-based energy analytics, progress in sustainable grid stabilization technologies, and the integration of AI-assisted harmonic detection.
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Power Quality Equipment Market Demand Driver: How It Is Shaping Industry Growth
Increasing government investments in grid modernization projects is a significant factor driving the growth of the power quality equipment market. Grid modernization involves the process of upgrading the electrical grid to enhance its safety and productivity, enabling it to accommodate new technologies, diverse electricity generation and distribution methods, and the integration of renewable energy sources. As countries strive to improve their energy infrastructure and ensure a more stable and reliable power supply, the demand for power quality equipment, such as voltage regulators, surge protectors, and uninterruptible power supplies, has notably surged. These investments are critical for addressing power quality issues, minimizing downtime, and enhancing overall grid efficiency, thereby serving as a primary catalyst for the expansion of the power quality equipment market. For example, in October 2023, the Grid Deployment Office, a US-based office that works to provide electricity to everyone, everywhere, by maintaining and investing in critical generation facilities, announced a $10.5 billion investment in the Grid Resilience and Innovation Partnerships (GRIP) Program as part of the Bipartisan Infrastructure Law. This initiative aims to boost grid flexibility and strengthen the power system’s resilience against the escalating threats of extreme weather and climate change. Consequently, greater government spending on grid modernization initiatives is expected to increase the demand for power quality equipment.
Power Quality Equipment Market Segmentation Overview: Detailed Category Analysis
The power quality equipment market covered in this report is segmented –
1) By 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, Isolation Transformers, Power Quality Meters, Other Equipment
2) By Phase: Single Phase, Three Phase
3) By Application: Industrial & Manufacturing, Commercial, Residential, Transportation, Utilities
Subsegments:
1) By Surge Arresters: Station Class Surge Arresters, Distribution Class Surge Arresters
2) By Surge Protection Devices: Type 1 Surge Protection Devices (SPDs), Type 2 SPDs, Type 3 SPDs
3) By Harmonic Filters: Active Harmonic Filters, Passive Harmonic Filters
4) By Power Conditioning Units: Voltage Regulators, Frequency Converters
5) By Power Distribution Unit (PDU): Basic PDUs, Metered PDUs, Switched PDUs
6) By Uninterruptable Power Supply (UPS): Online UPS, Offline UPS, Line Interactive UPS
7 By Synchronous Condenser: Fixed-Speed Synchronous Condensers, Variable-Speed Synchronous Condensers
8) By Voltage Regulator: Automatic Voltage Regulators (AVR), Ferroresonant Voltage Regulators
9) By Digital Static Transfer Switch (STS): Single-Phase STS, Three-Phase STS
10) By Static VAR Compensator: Thyristor-Controlled Reactor (TCR) SVC, Thyristor-Switched Capacitor (TSC) SVC, Hybrid SVC (TCR + TSC combination), Fixed SVC
11) By Isolation Transformers: Low Voltage Isolation Transformers (up to 1 kV), Medium Voltage Isolation Transformers (1 kV – 36 kV), Three-Phase Isolation Transformers, Single-Phase Isolation Transformers, Encapsulated or Dry Type Transformers, Oil-Immersed Transformers
12) By Power Quality Meters: Single-Phase Power Quality Meters, Three-Phase Power Quality Meters, Portable Power Quality Analyzers, Permanent or Installed Power Quality Meters, Harmonics and Distortion Meters, Energy Logging and Monitoring Meters
13) By Other Equipment: Voltage Stabilizers, Capacitor Banks, Reactive Power Compensators
Top Power Quality Equipment Market Trends And Recent Industry Developments
Leading companies in the power quality equipment sector are prioritizing strategic collaborations to address customer demands and enhance their market standing. These strategic partnerships involve organizations leveraging each other’s strengths and resources to achieve mutual benefits and success. For instance, in June 2023, Deere & Company (John Deere), a US-based heavy and powerful turf manufacturing company, announced strategic collaborations with EGO, a US-based battery outdoor power equipment company, and Chervon, a China-based power tool and outdoor power equipment company. The alliance between Deere & Company (John Deere), EGO, and Chervon aims to provide homeowners with a comprehensive array of EGO’s battery-powered lawn care products through John Deere dealers. This cooperation merges John Deere’s market presence with EGO’s innovative and ecologically friendly solutions. Under this partnership, customers will be able to acquire EGO-branded battery products via John Deere dealers, consequently aiding the expansion of the power electronics sector. Through this setup, the brands will be capable of supplying EGO battery-powered lawn care solutions to residences.
Power Quality Equipment Market Company Landscape: Key Players To Watch
Major companies operating in the power quality equipment market are Eaton Corporation plc, ABB Ltd., Siemens AG, Schneider Electric SE, General Electric Company (GE), Toshiba Corporation, Emerson Electric Co., Legrand SA, Piller Group GmbH, Leviton Manufacturing Co. Inc., MTE Corporation, Socomec India Private Limited, Hitachi ABB Power Grids Ltd., Active Power Inc., Powervar Inc., S&C Electric Company, Delta Electronics Inc., Mitsubishi Electric Corporation, Fuji Electric Co. Ltd., SolaHD, Phoenix Contact GmbH & Co. KG, Panduit Corporation, Littelfuse Inc.
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Power Quality Equipment Market Region-Wise Analysis: Largest Regional Market Identified
Asia-Pacific was the largest region in the power quality equipment market in 2025 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the power quality equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
