Energy & Power
Global Power Quality Equipment Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Power Quality Equipment Market, By Type (Surge Arrester, Surge protection devices, Harmonic filters, Power conditioning units, Power distribution units, Voltage regulators, Uninterruptable power supplies, Synchronous condensers, Digital static transfer switches,, and Static VAR compensators), Phase (Single Phase, Three Phase), Application (Industrial & Manufacturing, Commercial, Residential, Transportation, Utilities), End User (Telecommunications, Automotive & Industrial, Electrical & Electronics, Energy & Utilities, Others), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global power quality equipment market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Power Quality Equipment are devices and systems that monitor, maintain, and improve the quality of electrical power delivered to diverse loads and equipment. These devices solve issues including voltage sags, surges, harmonics, and interruptions, ensuring that electrical systems run smoothly and consistently. The Power Quality Equipment Market involves the development and supply of these devices, including voltage regulators, uninterruptible power supplies (UPS), power conditioners, and surge protectors. This market focuses on improving the stability and efficiency of electrical systems and serves a variety of industries, such as manufacturing, data centers, and healthcare. The need for dependable power supplies is expanding, and electrical networks are becoming more sophisticated, which is driving demand.
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Market Dynamics
DRIVERS
- Expansion of industrial and commercial sectors.
- Growing concerns over power reliability and quality.
RESTRAINTS
- High initial cost of power quality equipment.
- Complexity in installation and maintenance.
OPPORTUNITIES
- Growth in renewable energy installations.
- Rising demand for data centers and IT infrastructure
CHALLENGES
- Rapid technological changes requiring frequent updates.
- High competition leading to price pressure.
SEGMENTATION
- Type
- Surge Arrester
- Surge protection devices
- Harmonic filters
- Power conditioning units
- Power distribution units
- Voltage regulators
- Uninterruptable power supplies
- Synchronous condensers
- Digital static transfer switches,
- Static VAR compensators
- Solid oxide fuel cells
- Isolation transformers
- Power quality meters
- Phase
- Single Phase
- Three Phase
- Application
- Industrial & Manufacturing
- Commercial
- Residential
- Transportation
- Utilities
- End User
- Telecommunications
- Automotive & Industrial
- Electrical & Electronics
- Energy & Utilities
- Others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Toshiba Corporation
- General Electric Company
- ABB Ltd.
- Schneider Electric
- Emerson Electric Company
- Siemens AG
- Eaton Corporation Plc.
- MTE Corporation
- Active Power Inc.
- Smith’s Group plc.
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Power Quality Equipment Market, by Type
- 3.2 Global Power Quality Equipment Market, by Phase
- 3.3 Global Power Quality Equipment Market, by Application
- 3.4 Global Power Quality Equipment Market, by End User
- 3.5 Global Power Quality Equipment Market, by Geography
- 3.6 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Increasing adoption of smart grids and smart meters.
- 5.1.2 Integration of IoT and AI in power management.
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Expansion of industrial and commercial sectors.
- 5.2.2 Growing concerns over power reliability and quality.
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High initial cost of power quality equipment.
- 5.3.2 Complexity in installation and maintenance.
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Growth in renewable energy installations.
- 5.4.2 Rising demand for data centers and IT infrastructure
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Rapid technological changes requiring frequent updates.
- 5.5.2 High competition leading to price pressure.
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL POWER QUALITY EQUIPMENT MARKET, BY TYPE
- 6.1 Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Power Quality Equipment Market, by Type (2019-2032)
- SECTION 7 - GLOBAL POWER QUALITY EQUIPMENT MARKET, BY PHASE
- 7.1 Phase Summary
- 7.2 Market Attractive Index
- 7.3 Global Power Quality Equipment Market, by Phase (2019-2032)
- SECTION 8 - GLOBAL POWER QUALITY EQUIPMENT MARKET, BY APPLICATION
- 8.1 Application Summary
- 8.2 Market Attractive Index
- 8.3 Global Power Quality Equipment Market, by Application (2019-2032)
- SECTION 9 - GLOBAL POWER QUALITY EQUIPMENT MARKET, BY END USER
- 9.1 End User Summary
- 9.2 Market Attractive Index
- 9.3 Global Power Quality Equipment Market, by End User (2019-2032)
- SECTION 10 - GLOBAL POWER QUALITY EQUIPMENT MARKET, BY GEOGRAPHY
- 10.1 Regional Summary
- 10.2 Market Attractive Index
- 10.3 Global Power Quality Equipment Market, by Geography (2019-2032)
- SECTION 11 - NORTH AMERICA POWER QUALITY EQUIPMENT MARKET
- 11.1 North America Summary
- 11.2 Market Attractive Index
- 11.3 North America Power Quality Equipment Market, by Type (2019-2032)
- 11.4 North America Power Quality Equipment Market, by Phase (2019-2032)
- 11.5 North America Power Quality Equipment Market, by Application (2019-2032)
- 11.6 North America Power Quality Equipment Market, by End User (2019-2032)
- 11.7 North America Power Quality Equipment Market, by Country (2019-2032)
- 11.7.1 U.S.
- 11.7.2 Canada
- 11.7.3 Mexico
- 11.7.4 Rest of North America
- SECTION 12 - EUROPE POWER QUALITY EQUIPMENT MARKET
- 12.1 Europe Summary
- 12.2 Market Attractive Index
- 12.3 Europe Power Quality Equipment Market, by Type (2019-2032)
- 12.4 Europe Power Quality Equipment Market, by Phase (2019-2032)
- 12.5 Europe Power Quality Equipment Market, by Application (2019-2032)
- 12.6 Europe Power Quality Equipment Market, by End User (2019-2032)
- 12.7 Europe Power Quality Equipment Market, by Country (2019-2032)
- 12.7.1 Germany
- 12.7.2 U.K.
- 12.7.3 France
- 12.7.4 Italy
- 12.7.5 Spain
- 12.7.6 Russia
- 12.7.7 The Netherlands
- 12.7.8 Belgium
- 12.7.9 Turkey
- 12.7.10 Rest of Europe
- SECTION 13 - ASIA-PACIFIC POWER QUALITY EQUIPMENT MARKET
- 13.1 Asia-Pacific Summary
- 13.2 Market Attractive Index
- 13.3 Asia-Pacific Power Quality Equipment Market, by Type (2019-2032)
- 13.4 Asia-Pacific Power Quality Equipment Market, by Phase (2019-2032)
- 13.5 Asia-Pacific Power Quality Equipment Market, by Application (2019-2032)
- 13.6 Asia-Pacific Power Quality Equipment Market, by End User (2019-2032)
- 13.7 Asia-Pacific Power Quality Equipment Market, by Country (2019-2032)
- 13.7.1 China
- 13.7.2 India
- 13.7.3 Japan
- 13.7.4 South Korea
- 13.7.5 Singapore
- 13.7.6 Malaysia
- 13.7.7 Australia
- 13.7.8 Thailand
- 13.7.9 Philippines
- 13.7.10 Rest of Asia-Pacific
- SECTION 14 - SOUTH AMERICA POWER QUALITY EQUIPMENT MARKET
- 14.1 South America Summary
- 14.2 Market Attractive Index
- 14.3 South America Power Quality Equipment Market, by Type (2019-2032)
- 14.4 South America Power Quality Equipment Market, by Phase (2019-2032)
- 14.5 South America Power Quality Equipment Market, by Application (2019-2032)
- 14.6 South America Power Quality Equipment Market, by End User (2019-2032)
- 14.7 South America Power Quality Equipment Market, by Country (2019-2032)
- 14.7.1 Brazil
- 14.7.2 Argentina
- 14.7.3 Chile
- 14.7.4 Colombia
- 14.7.5 Rest of South America
- SECTION 15 - MIDDLE EAST AND AFRICA POWER QUALITY EQUIPMENT MARKET
- 15.1 Middle East and Africa Summary
- 15.2 Market Attractive Index
- 15.3 Middle East and Africa Power Quality Equipment Market, by Type (2019-2032)
- 15.4 Middle East and Africa Power Quality Equipment Market, by Phase (2019-2032)
- 15.5 Middle East and Africa Power Quality Equipment Market, by Application (2019-2032)
- 15.6 Middle East and Africa Power Quality Equipment Market, by End User (2019-2032)
- 15.7 Middle East and Africa Power Quality Equipment Market, by Country (2019-2032)
- 15.7.1 Kingdom of Saudi Arabia
- 15.7.2 South Africa
- 15.7.3 U.A.E.
- 15.7.4 Egypt
- 15.7.5 Rest of Middle East and Africa
- SECTION 16 - COMPANY SHARE ANALYSIS
- 16.1 Global Power Quality Equipment Market, Company Share Analysis
- 16.2 North America Power Quality Equipment Market, Company Share Analysis
- 16.3 Europe Power Quality Equipment Market, Company Share Analysis
- 16.4 Asia-Pacific Power Quality Equipment Market, Company Share Analysis
- SECTION 17 - COMPANY PROFILES
- 17.1 Toshiba Corporation
- 17.1.1 Company Snapshot
- 17.1.2 Financial Overview
- 17.1.3 Product Portfolio
- 17.1.4 Recent Developments
- 17.2 General Electric Company
- 17.2.1 Company Snapshot
- 17.2.2 Financial Overview
- 17.2.3 Product Portfolio
- 17.2.4 Recent Developments
- 17.3 ABB Ltd.
- 17.3.1 Company Snapshot
- 17.3.2 Financial Overview
- 17.3.3 Product Portfolio
- 17.3.4 Recent Developments
- 17.4 Schneider Electric
- 17.4.1 Company Snapshot
- 17.4.2 Financial Overview
- 17.4.3 Product Portfolio
- 17.4.4 Recent Developments
- 17.5 Emerson Electric Company
- 17.5.1 Company Snapshot
- 17.5.2 Financial Overview
- 17.5.3 Product Portfolio
- 17.5.4 Recent Developments
- 17.6 Siemens AG
- 17.6.1 Company Snapshot
- 17.6.2 Financial Overview
- 17.6.3 Product Portfolio
- 17.6.4 Recent Developments
- 17.7 Eaton Corporation Plc.
- 17.7.1 Company Snapshot
- 17.7.2 Financial Overview
- 17.7.3 Product Portfolio
- 17.7.4 Recent Developments
- 17.8 MTE Corporation
- 17.8.1 Company Snapshot
- 17.8.2 Financial Overview
- 17.8.3 Product Portfolio
- 17.8.4 Recent Developments
- 17.9 Active Power Inc.
- 17.9.1 Company Snapshot
- 17.9.2 Financial Overview
- 17.9.3 Product Portfolio
- 17.9.4 Recent Developments
- 17.10 Smith’s Group plc.
- 17.10.1 Company Snapshot
- 17.10.2 Financial Overview
- 17.10.3 Product Portfolio
- 17.10.4 Recent Developments
- SECTION 18 - RELATED REPORTS
- SECTION 19 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.