North America Power Quality Equipment Market Size & Outlook
The power quality equipment market in North America is expected to reach a projected revenue of US$ 13,563.0 million by 2030. A compound annual growth rate of 6.6% is expected of North America power quality equipment market from 2024 to 2030.
Revenue, 2023 (US$M)
$8,695.8
Forecast, 2030 (US$M)
$13,563.0
CAGR, 2024 - 2030
6.6%
Report Coverage
North America
North America power quality equipment market, 2018-2030 (US$M)
North America power quality equipment market highlights
- The North America power quality equipment market generated a revenue of USD 8,695.8 million in 2023.
- The market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, power quality meters was the largest revenue generating equipment in 2023.
- Power Quality Meters is the most lucrative equipment segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 8,695.8 million |
| Market revenue in 2030 | USD 13,563.0 million |
| Growth rate | 6.6% (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, North America region accounted for 27.3% of the global power quality equipment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 18,761.3 million by 2030.
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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 |
|---|
North America power quality equipment market
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