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Power Quality Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global power quality equipment market reached a value of US$ 15.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.7 Billion by 2027, exhibiting at a CAGR of 7.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Power quality equipment is a device, which is extensively deployed in the residential and commercial sector for regulating, providing, and maintaining uniform power quality. It is further utilized to ensure a steady voltage supply and reduce the utility of multiple devices in a system. Power quality equipment offers various benefits, such as eliminating premature aging of equipment, enhanced efficiency avoiding damages, and avoiding loss of data. Besides this, some of the most commonly used power quality equipment include harmonic filters, isolation transformers, power quality meters and compensators. 

Power Quality Equipment Market Trends:

The widespread adoption of power quality equipment in the industrial and manufacturing sectors due to the continued growth of transmission, distribution, and renewable integration is one of the key factors primarily driving the global power quality equipment market toward growth. Furthermore, the increasing demand for uninterrupted power supply, along with the requirement for smart grid infrastructure for ensuring the power quality is positively influencing the market growth. In line with this, the escalating utilization of power quality equipment due to the need for high-capacity electricity systems in power data centers and servers is propelling is acting as another growth-inducing factor. The market is also driven by the growing investments in the manufacturing and industrial sectors for developing new advanced technologies. Other factors, numerous initiatives undertaken by the government of various countries for strengthening the manufacturing sector and the increasing investments in upgrading the existing grid systems, along with extensive research and development (R&D) activities, are stimulating market growth across the globe. The introduction of innovative product variants is also creating a positive outlook for the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global power quality equipment market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on equipment, phase and end user.

Breakup by Equipment:

  • Uninterruptable Power Supply (UPS)
  • Harmonic Filters
  • Static VAR Compensator
  • Power Quality Meters
  • Others
     

Breakup by Phase:

  • Single Phase
  • Three Phase
     

Breakup by End User:

  • Industrial and Manufacturing
  • Commercial
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Cordyne Inc., Cyber Power Systems (USA) Inc, Delta Electronics Inc., Eaton Corporation PLC, EMCO Limited, Fluke Corporation (Fortive Corporation), General Electric Company, Hubbell Incorporated, Kyoritsu Electrical Instruments Works Ltd., National Instruments Corporation and Siemens Aktiengesellschaft.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Equipment, Phase, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd., Cordyne Inc., Cyber Power Systems (USA) Inc, Delta Electronics Inc., Eaton Corporation PLC, EMCO Limited, Fluke Corporation (Fortive Corporation), General Electric Company, Hubbell Incorporated, Kyoritsu Electrical Instruments Works Ltd., National Instruments Corporation and Siemens Aktiengesellschaft.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global power quality equipment market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global power quality equipment market?
  • What are the key regional markets?
  • What is the breakup of the market based on the equipment?
  • What is the breakup of the market based on the phase?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global power quality equipment market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1     Primary Sources
        2.3.2     Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Power Quality Equipment Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Equipment
    6.1    Uninterruptable Power Supply (UPS)
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Harmonic Filters
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Static VAR Compensator
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Power Quality Meters
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Phase
    7.1    Single Phase
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Three Phase
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by End User
    8.1    Industrial and Manufacturing
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    ABB Ltd.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Cordyne Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Cyber Power Systems (USA) Inc
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4    Delta Electronics Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Eaton Corporation PLC
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    EMCO Limited
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
        14.3.7    Fluke Corporation (Fortive Corporation)
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    General Electric Company
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Hubbell Incorporated
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Kyoritsu Electrical Instruments Works Ltd.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    National Instruments Corporation
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Siemens Aktiengesellschaft
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Power Quality Equipment Market: Major Drivers and Challenges
Figure 2: Global: Power Quality Equipment Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Power Quality Equipment Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Power Quality Equipment Market: Breakup by Equipment (in %), 2021
Figure 5: Global: Power Quality Equipment Market: Breakup by Phase (in %), 2021
Figure 6: Global: Power Quality Equipment Market: Breakup by End User (in %), 2021
Figure 7: Global: Power Quality Equipment Market: Breakup by Region (in %), 2021
Figure 8: Global: Power Quality Equipment (Uninterruptable Power Supply) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Power Quality Equipment (Uninterruptable Power Supply) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Power Quality Equipment (Harmonic Filters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Power Quality Equipment (Harmonic Filters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Power Quality Equipment (Static VAR Compensator) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Power Quality Equipment (Static VAR Compensator) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Power Quality Equipment (Power Quality Meters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Power Quality Equipment (Power Quality Meters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Power Quality Equipment (Other Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Power Quality Equipment (Other Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Power Quality Equipment (Single Phase) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Power Quality Equipment (Single Phase) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Power Quality Equipment (Three Phase) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Power Quality Equipment (Three Phase) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Power Quality Equipment (Industrial and Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Power Quality Equipment (Industrial and Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Power Quality Equipment (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Power Quality Equipment (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Power Quality Equipment (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Power Quality Equipment (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Power Quality Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Power Quality Equipment Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Power Quality Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Power Quality Equipment Industry: SWOT Analysis
Figure 78: Global: Power Quality Equipment Industry: Value Chain Analysis
Figure 79: Global: Power Quality Equipment Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Power Quality Equipment Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Power Quality Equipment Market Forecast: Breakup by Equipment (in Million US$), 2022-2027
Table 3: Global: Power Quality Equipment Market Forecast: Breakup by Phase (in Million US$), 2022-2027
Table 4: Global: Power Quality Equipment Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Power Quality Equipment Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Power Quality Equipment Market: Competitive Structure
Table 7: Global: Power Quality Equipment Market: Key Players

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