The power quality equipment market is emerging as one of the most critical pillars of modern electrical infrastructure as industries, utilities, and commercial facilities strive for reliable, efficient, and disturbance-free power supply. Valued at US$ 33.23 billion in 2024, the market is projected to expand steadily and reach US$ 50.33 billion by 2031, registering a CAGR of 6.5% during 2025–2031. This growth trajectory reflects the increasing sensitivity of electrical and electronic systems, rising automation, and the global push toward energy efficiency and grid modernization.

In this first blog of the series, we explore the fundamentals of the power quality equipment market, its growth drivers, key segments, and why demand is accelerating across industrial, manufacturing, and commercial end users.

Understanding the Power Quality Equipment Market

Power quality refers to maintaining a stable electrical supply that is free from disturbances such as voltage sags, harmonics, transients, and interruptions. Even minor power quality issues can lead to equipment damage, production downtime, data loss, and safety risks. As a result, power quality equipment has become indispensable across multiple sectors.

The power quality equipment market encompasses a wide range of technologies designed to monitor, correct, and stabilize electrical power. These solutions ensure that voltage, frequency, and waveform characteristics remain within acceptable limits, protecting sensitive loads and optimizing operational efficiency.

With rapid digitization, the proliferation of data centers, and the expansion of renewable energy sources, maintaining power quality is no longer optional—it is a strategic necessity.

Market Size, Growth, and Long-Term Outlook

The strong outlook of the power quality equipment market is backed by solid fundamentals:

  • Market size (2024): US$ 33.23 billion
  • Projected market size (2031): US$ 50.33 billion
  • CAGR (2025–2031): 6.5%

This sustained growth is driven by rising electricity consumption, increasing penetration of nonlinear loads, and stricter regulatory standards related to power efficiency and reliability. As industries move toward automation and smart manufacturing, even brief power disturbances can result in significant financial losses, reinforcing the importance of power quality equipment.

Key Drivers Fueling the Power Quality Equipment Market

Rising Industrial Automation and Digitization

Industrial and manufacturing facilities are rapidly adopting automation, robotics, and digitally controlled machinery. These systems are highly sensitive to power fluctuations, making power quality equipment essential to ensure uninterrupted operations and consistent product quality.

Expansion of Commercial Infrastructure

Commercial buildings, including offices, hospitals, shopping complexes, and airports, rely heavily on uninterrupted and stable power supply. The growing use of HVAC systems, elevators, IT infrastructure, and smart building technologies is boosting demand in the power quality equipment market.

Growth of Renewable Energy Integration

The integration of renewable energy sources such as solar and wind introduces variability and harmonics into power systems. Power quality equipment plays a vital role in stabilizing grids and ensuring compatibility between renewable sources and conventional power infrastructure.

Increasing Awareness of Energy Efficiency

Governments and organizations worldwide are emphasizing energy efficiency and sustainability. Power quality solutions help reduce energy losses, improve power factor, and extend equipment life, aligning with long-term cost-saving and environmental goals.

Segmentation Analysis of the Power Quality Equipment Market

By Equipment Type

The power quality equipment market is segmented by equipment into several critical categories:

Uninterruptable Power Supply (UPS)

UPS systems are among the most widely adopted power quality solutions. They provide immediate backup power during outages and protect sensitive equipment from voltage fluctuations. UPS systems are especially crucial in data centers, healthcare facilities, and industrial environments.

Harmonic Filters

Harmonic filters mitigate waveform distortions caused by nonlinear loads such as variable frequency drives and power electronics. Their adoption is increasing as industries focus on improving power efficiency and complying with grid standards.

Static VAR Compensator (SVC)

Static VAR compensators are used to regulate voltage and improve power factor in transmission and distribution networks. They are particularly important in large industrial facilities and utility-scale applications.

Power Quality Meters

Power quality meters enable continuous monitoring, analysis, and reporting of electrical parameters. These meters support predictive maintenance and help organizations identify and resolve power quality issues before they escalate.

By Phase

Single Phase

Single-phase power quality equipment is commonly used in residential and small commercial applications. While this segment represents a smaller share of the overall market, it remains essential for localized power protection.

Three Phase

Three-phase systems dominate the power quality equipment market due to their widespread use in industrial, manufacturing, and large commercial facilities. The growing complexity of three-phase loads is driving higher demand for advanced power quality solutions.

By End Users

Industrial and Manufacturing

Industrial and manufacturing facilities represent the largest end-user segment in the power quality equipment market. Downtime caused by power disturbances can lead to substantial financial losses, making investment in power quality equipment a priority.

Commercial

The commercial segment is witnessing rapid growth as businesses adopt digital technologies and smart infrastructure. Reliable power quality is essential to maintain operational continuity and customer satisfaction.

Role of Power Quality Equipment in Industrial Resilience

In today’s competitive environment, industrial resilience is directly linked to power reliability. Power quality equipment enables manufacturers to maintain consistent production, protect capital-intensive machinery, and meet stringent quality standards. As Industry 4.0 gains momentum, the reliance on clean and stable power will only intensify.

Competitive Landscape and Market Leaders

The power quality equipment market is highly competitive, with global players focusing on innovation, digital integration, and service capabilities. Leading companies include:

  • Acumentrics
  • Emerson Electric Co.
  • AMETEK Inc.
  • Eaton
  • General Electric Company
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Energy Systems & Solutions Corporation
  • Hitachi ABB Power Grids Group
  • Piller Group GmbH

These companies are investing in smart power quality solutions, advanced monitoring systems, and energy-efficient technologies to strengthen their market position.

Future Outlook: Setting the Stage for the Next Decade

Looking ahead, the power quality equipment market is expected to evolve alongside smart grids, digital substations, and AI-driven energy management systems. Demand will be fueled by stricter power quality standards, growing electrification, and the need for resilient infrastructure.

As the market advances from US$ 33.23 billion in 2024 to US$ 50.33 billion by 2031, power quality equipment will remain a cornerstone of reliable power delivery across industrial and commercial ecosystems.

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