Global Power Quality Equipment Market Size & Outlook
The power quality equipment industry worldwide is expected to reach a projected revenue of US$ 48,461.7 million by 2030. A compound annual growth rate of 6.2% is expected of the worldwide power quality equipment industry from 2024 to 2030.
Revenue, 2023 (US$M)
$31,817.7
Forecast, 2030 (US$M)
$48,461.7
CAGR, 2024 - 2030
6.2%
Report Coverage
Worldwide
Global power quality equipment market, 2018-2030 (US$M)
Global power quality equipment market highlights
- The global power quality equipment market generated a revenue of USD 31,817.7 million in 2023 and is expected to reach USD 48,461.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.2% by 2030.
- In terms of segment, power quality meters accounted for a revenue of USD 31,817.7 million in 2023.
- Power Quality Meters is the most lucrative equipment segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 31,817.7 million |
| Market revenue in 2030 | USD 48,461.7 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Power quality meters |
| Fastest growing segment | Power Quality Meters |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Power Quality Meters |
Other key industry trends
- In terms of revenue, the North America accounted for 27.3% of the global power quality equipment market in 2023.
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Power Quality Equipment Market Scope
Power quality equipment market segmentation & scope
Power Quality Meters
Surge Protection Devices
Harmonic Filters
Voltage Regulators
Uninterruptible Power Supply (UPS)
Others
Phase
Single Phase
Three Phase
End Use
Residential
Commercial
Industrial & Manufacturing
Utilities
Transportation
Countries
U.S.
Canada
Mexico
UK
France
Italy
Spain
Denmark
Germany
Norway
Sweden
China
India
Japan
Thailand
Australia
South Korea
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Kuwait
Power Quality Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global power quality equipment market size, by regions, 2018-2030 (US$M)
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