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Power Quality Equipment Market Revenue Outlook: What CAGR Is Expected Through 2030?
The power quality equipment market size has shown significant expansion in recent years. This market is expected to increase from $27.15 billion in 2025 to $28.63 billion in 2026, achieving a compound annual growth rate (CAGR) of 5.4%. The historical growth of this market can be linked to several factors, including the increasing demand 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 a continued reliance on conventional voltage regulators.
The power quality equipment market is projected to experience substantial expansion over the upcoming years. Its valuation is anticipated to reach $35.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.3%. This projected growth during the forecast timeframe stems from the increasing need for harmonic filtering solutions, the expansion of data center infrastructure, escalating investments in smart utility networks, a rise in the adoption of sophisticated UPS systems, and the creation of high-precision power monitoring devices. Key developments expected during this period involve the implementation of intelligent voltage monitoring systems, the spread of IoT-enabled power quality platforms, the creation of cloud-based energy analytics, progress in sustainable grid stabilization technologies, and the incorporation of AI-assisted harmonic detection.
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Power Quality Equipment Market Growth Factors Supporting Long-Term Expansion
Increased government funding for grid modernization projects is a significant factor propelling the expansion of the power quality equipment market. Grid modernization involves updating the electrical grid to enhance its safety, productivity, and capacity to accommodate new technologies, diverse electricity generation and distribution methods, and the integration of renewable energy sources. As nations strive to upgrade 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 risen considerably. These investments are crucial for addressing power quality issues, minimizing downtime, and improving overall grid efficiency, thus acting as a primary driver for the power quality equipment market’s growth. For instance, 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 an investment of $10.5 billion 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 increasing threats of extreme weather and climate change. Consequently, greater government investments in grid modernization projects are anticipated to fuel demand for power-quality equipment.
Power Quality Equipment Market Segment Analysis Highlighting Growth Areas
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
Power Quality Equipment Market Industry Trends Shaping Future Revenue Growth
Leading businesses in the power quality equipment industry are prioritizing strategic alliances to satisfy consumer needs and bolster their standing in the market. Such alliances involve companies utilizing one another’s strengths and assets to attain shared advantages and successful outcomes. An example is the announcement in June 2023 by Deere & Company (John Deere), a US-based manufacturer of heavy turf equipment, regarding strategic collaborations with EGO, a US-based battery outdoor power equipment firm, and Chervon, a China-based power tool and outdoor power equipment company. This partnership involving Deere & Company (John Deere), EGO, and Chervon aims to offer homeowners a complete selection of EGO’s battery-powered lawn care items via John Deere dealerships. The alliance unites John Deere’s extensive market reach with EGO’s cutting-edge and environmentally sound offerings. Through this arrangement, customers will have the opportunity to acquire EGO-branded battery products from John Deere dealers, thereby fostering growth in the power electronics sector. As a result of this agreement, both brands will be capable of delivering EGO battery-powered lawn care solutions directly to households.
Power Quality Equipment Market Leading Companies: Who Holds Significant Market Presence?
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 Largest Region By Revenue And Market Share
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.