Power Quality Equipment Market (By Type: Surge Arrester, Surge protection devices, Harmonic filters, Power conditioning and distribution units, Voltage Regulators, Others; By Application: Industrial & Manufacturing, Commercial, Residential, Transportation, Utilities; By Phase: Single Phase, Three Phase; By End User: Telecommunications, Automotive & Industrial, Electrical & Electronics, Energy & Utilities, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, Forecast 2022-2030


The global power quality equipment market size was valued at USD 35.8 billion in 2021 and is projected to worth around USD 61.7 billion by 2030 with developing CAGR of 6.23% over the forecast period 2022 to 2030.

Power Quality Equipment Market Size 2022 to 2030

Key Takeaway

  • Asia Pacific is assessed to put USD 9.8 billion from 2020 to 2030 in making savvy framework foundation.
  • The china power quality equipment market is expected to grow at a CAGR 8.5% from 2022 to 2030.
  • Asia Pacific is estimated to invest USD 10.7 billion in developing smart grid infrastructures from 2020 to 2029.
  • The three phase segment accounted largest revenue share 74% in 2021.

Power quality equipment is gear that is essentially used for conveying uniform power quality as well as power guideline. It guarantees a continuous stockpile of power inside a predefined range. Power quality is dealt with and is subject to various models, for example, flash current, voltage plunges, music, voltage, homeless people, etc. The power quality equipment attempts to diminish the times a similar piece of gear is utilized in the framework. It will in general help data sets where information examination and get-together might be perused and saved with no time postponements, and it likewise proficiently examinations the information important for a brief period. This area's ideal interest group includes power quality equipment vendors and producers, end-clients, wholesalers and supply firms, venture financiers and counsels, etc.

Growth Factors 

Power quality equipment is gear that is essentially used for conveying uniform power quality as well as power guideline. It guarantees a continuous stockpile of power inside a predefined range. Power quality is dealt with and is subject to various models, for example, flash current, voltage plunges, music, voltage, homeless people, etc. The power quality equipment attempts to diminish the times a similar piece of gear is utilized in the framework. It will in general help data sets where information examination and get-together might be perused and saved with no time postponements, and it likewise proficiently examinations the information important for a brief period. This area's ideal interest group includes power quality equipment vendors and producers, end-clients, wholesalers and supply firms, venture financiers and counsels, etc. 

Nonetheless, the high venture cost for introducing power quality equipment, as well as an absence of customer information, would obstruct industry extension. During the projection time frame, Asia Pacific is anticipated to create at the quickest CAGR. The Asia Pacific region has been separated into four segments:  Japan, China, India, and the Rest of Asia Pacific (Australia, South Korea, Thailand, and Malaysia). India and China lead the Asia Pacific power quality gear market. The rising interest for energy, as the need might arise to grow sustainable power delivering limit, ask utilities in these countries to put resources into transmission and dispersion framework.

Report Scope of the Power Quality Equipment Market

Report Coverage Details
Market Size by 2030 USD 61.7 Billion
Growth Rate from 2022 to 2030

CAGR of 6.23%

Largest Market North America 
Fastest Growing Region Asia Pacific
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Type, Application, Phase, End User, Geography
Companies Mentioned 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.

 

Types Insights

The three phase section is projected to lead the power quality equipment market from 2022 to 2030. Three-stage power quality gear are utilized in utilities, alongside modern and transportation areas since three stage is usually utilized by purchasers around the world. From 2022 to 2030, the modern and assembling classification is supposed to have the greatest piece of the pie. The ascent popular for continuous power supply to hardware utilized in assembling and cycle enterprises is driving the development of this market, as any interference or disappointment can bring about enormous misfortunes attributable to lost creation time. Utilities are the biggest shoppers of force quality gear because of the sheer extent of their electrical organizations, which are more noteworthy than modern and transportation electric frameworks.

Surge Arrester

A surge arrester is a gadget that safeguards electrical hardware against transient overvoltages prompted by outer or interior occasions. This sort of gadget, otherwise called a flood security gadget or transient voltage flood silencer, is utilized to protect gear in power transmission and dissemination organizations. Flood defenders are different contraptions used to shield shopper hardware. The drive proportion might be utilized to look at the energy rules for different protecting materials.

Surge protection devices

A surge protector is a gadget or machine that safeguards electrical hardware against voltage spikes in rotating flow (AC) circuits. A voltage spike is a transient peculiarity that might arrive at north of 1,000 volts in 1 to 30 microseconds. Lightning striking an electrical cable can create a spike of north of 100,000 volts, which can consume wiring protection and cause fires, yet even minor spikes can obliterate an expansive scope of electronic things, including PCs, battery chargers, modems, and TVs, which are connected at that point

Harmonic filters

Harmonics are voltages or flows that happen at various essential frequencies in electrical power organizations. It is normally considered power line commotion. Harmonics in the power framework are characterized into two sorts: voltage sounds and current sounds

Power distribution units

A power distribution unit (PDU) is a gadget utilized in server farms to direct electrical power. PDUs at their most essential are tremendous plug extensions without flood assurance. They are simply planned to offer regular electrical attachments for server farm hardware and don't give checking or remote access. More present day PDUs offer continuous checking and remote access. PDUs are frequently mounted straightforwardly into a rack and oversee and disseminate energy. 

Voltage regulators

An electronic gadget's power supply unit changes approaching power into the essential kind (AC-DC or DC-AC) and voltage/current attributes. A voltage controller is a power supply unit part that keeps a steady voltage supply under every single working circumstance. It controls voltage during power variances and changes in load. It has some control over both AC and DC voltages. 

Application Insights

Power Quality Equipment engines are used in a great many applications, from divisions to a few pull. The applications recorded beneath are models.

Industrial & Manufacturing

Profiling of energy and request to recognize potential for energy reserve funds and request decrease. Harmonic assessments assist with finding transformer stacking issues, sounds sources, challenges demonstrating hardware misoperation (like converters), and reverberation issues related with power factor revision. Voltage list study is utilized to distinguish delicate hardware and expected opportunities for process ride-through improvement. Assessment of force factor rectification to decide suitable activity of capacitor banks, exchanging issues, reverberation issues, and further developing execution to decrease energy costs. Assessment of engine beginning to find exchanging issues, inrush current worries, and defensive gadget activity.

Power System Performance Assessment and Benchmarking

Investigation and moving of consistent state power quality measurements for execution patterns, connection with framework conditions, and location of issues that require consideration. Portrayal and evaluation of voltage lists to decide the reason for voltage hangs and to describe the occasions for arrangement and investigation (counting accumulation of numerous occasions and recognizable proof of sub-occasions for examination concerning defensive gadget tasks). Capacitor-changing characterisation to find the capacitor bank, decide the wellspring of the transient (upline or downline), and depict the occasions for data set organization and investigation.

Monitoring Power Quality and the Internet

Numerous utilities have carried out power quality observing frameworks to constantly take a look at framework execution and answer framework blames all the more rapidly. It is obvious that intranet and web data access has been basic to the improvement of these frameworks. The result of TVA and EPRI study is an illustration of a totally Web-based power quality checking framework. Details for the framework were made with the help of all individuals from the EPRI Power Quality Target gathering to oblige the large number of uses that such a framework should serve. As a result, a measured framework with a thoroughly open plan that can be connected with an expansive scope of stages was made.

System upkeep, operations, and dependability

Distinguishing faults is one of the main benefits of checking frameworks. It can altogether increment response time for fixing circuits and find issue conditions related to a few issues in a similar region after some time. Execution assessment of a capacitor bank Smart applications might distinguish meld blowing, can disappointments, switch issues (restarts, restarts), and reverberation issues. Voltage controller execution assessment to find irregular exercises, arcing issues, guideline issues, etc.

End User Insights

The locale's quick expanding modern and assembling areas, telecom industry, and business area are significant end-clients of force quality gear. During the estimate time frame, the media communications portion is anticipated to be the main end client section in the North American power quality gear market, with a CAGR of 4% as far as worth somewhere in the range of 2020 and 2030. The telecoms classification is supposed to be the market chief in the APEJ power quality equipment market, with an income CAGR of 6% over the conjecture period.

Geography Insights

Because of the rising digitalization of the broadcast communications area, North America is probably going to lead the worldwide power quality equipment market. Besides, rising natural awareness is projected to fuel market extension. The district's fast growing present day and collecting regions, telecom industry, and business region are huge end-clients of power quality stuff.

Power Quality Equipment Market Share, By Region, 2021 (%)

During the gauge time period, the media correspondences segment is expected to be the fundamental end client area in the North American power quality stuff market, with a compound annual growth rate of 4.2% to the extent that value some place in the scope of 2022 and 2030. The telecoms characterization should be the market boss in the APEJ power quality equipment market, with a pay compound annual growth rate of 6% over the guess period.

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.

Key Market Development

  • The industrial sector, which includes mining, manufacturing, agriculture, and construction, consumes the most energy of any end-use sector. The growing requirement for continuous and dependable power supply from these industries, particularly industrial facilities, is likely to drive up the demand for power quality equipment.
  • Besides, the food and refreshment business has filled altogether as of late. The developing metropolitan populace, rising wellbeing concerns, and overall government drives have raised interest for bundled food varieties and handled dairy items. For instance, the Indian government endorsed around 134 food handling projects across a few states in 2020. Across a few states, there were 8 in reverse and forward linkages, 21 agro-handling bunches, 47 virus chains, 43 food handling units, 3 activity greens, and 12 food testing research facilities. Besides, this is supposed to add 38.3 lakh MT of agrarian handling and protection limit every year.
  • The modern and assembling portion represented the significant offer in the power quality gear market in 2020 and is projected to rule the market during the conjecture time frame. Besides, the rising use instances of industry 4.0 in different modern gear are supposed to additional guide the market's development.

Segments covered in this report

(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)

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,
  • Static VAR compensators
  • Solid oxide fuel cells
  • Isolation transformers
  • Power quality meters

By Application

  • Industrial & Manufacturing
  • Commercial
  • Residential
  • Transportation
  • Utilities

By Phase

  • Single Phase
  • Three Phase

By End User 

  • Telecommunications
  • Automotive & Industrial
  • Electrical & Electronics
  • Energy & Utilities
  • Others

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions

What is the current size of power quality equipment market?
The global power quality equipment market size was reached at USD 35.8 billion in 2021 and is anticipated to hit around USD 61.7 billion by 2030.
The global power quality equipment market growth is expanding at a CAGR of 6.23% from 2022 to 2030.
The prominent players operating in the power quality equipment market are Toshiba Corporation, General Electric Company, ABB Ltd., Schneider Electric, Emerson Electric Company, Siemens AG, Eaton Corporation Plc., MTE Corporation, Active Power Inc., and Smith’s Group plc.
The driving factors of the power quality equipment market are Influence quality gear supports and abrupt hardware deficiencies.
North America region will lead the global power quality equipment market over the forecast period.
  • Report Code:1840
  • Category:Machinery and Equipment
  • No. of Pages:150+
  • Format:PDF/PPT/Excel
  • Status:Published

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