Power Quality Measurement Equipment Market Summary

The global power quality measurement equipment market size was estimated at USD 35.6 billion in 2023 and is projected to reach USD 45.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2030. The demand for power quality measurement equipment is experiencing consistent growth due to the rising dependence on complex and sensitive electrical systems, coupled with the increasing need for reliable and uninterrupted power supply across diverse industrial, commercial, and residential applications.

As utilities and enterprises aim to improve energy efficiency, minimize downtime, and ensure regulatory compliance, the integration of advanced monitoring tools has become essential. The growing adoption of smart grid technologies, renewable energy integration, and digitalization of energy infrastructure is further propelling the market. These tools not only help detect disturbances, voltage sags, harmonics, and flickers but also enhance the overall performance and reliability of electrical systems, making them indispensable in modern power management frameworks.

Key Market Trends & Insights

• The three-phase type segment led the market and accounted for a substantial 58.5% share of global revenue in 2023. The demand for three-phase power quality measurement equipment remains strong due to its crucial role in monitoring high-capacity systems commonly found in commercial and industrial operations. It is especially valuable in managing the performance and efficiency of equipment sensitive to fluctuations in power supply.
• The demand for power quality meters is expected to grow at a notable CAGR of 7.2% from 2024 to 2030 in terms of revenue, highlighting their importance in accurate monitoring and diagnostics. Simultaneously, the uninterruptible power supply (UPS) segment led the market in 2023, accounting for 38.7% of total revenue. This growth reflects the critical role of UPS systems in safeguarding essential systems during power outages and ensuring business continuity in sectors such as healthcare, IT, and manufacturing.
• The transportation end-use segment is expected to grow at a CAGR of 4.9% from 2024 to 2030, fueled by the increasing electrification of vehicles and mass transit systems, which require reliable power quality solutions. In 2023, the industrial and manufacturing segment held a significant 32.1% revenue share, as factories and production facilities rely heavily on power quality monitoring to prevent costly equipment failures, maintain operational efficiency, and ensure worker safety.
• Regionally, the North American market is leading due to large-scale infrastructure modernization, expansion of renewable energy sources, and strict regulatory frameworks that emphasize power reliability. Investments in grid automation and smart metering further support the demand for advanced measurement equipment in the region.
• In the Asia Pacific region, rapid industrialization, urban development, and technological innovation are major drivers. Countries such as China, Japan, and South Korea are investing in modern energy systems and expanding their renewable energy capacities. This shift requires sophisticated monitoring tools to maintain power quality and prevent disturbances.
• Europe’s market growth is also strong, driven by extensive infrastructure projects and a growing emphasis on clean energy. The region’s focus on energy diversification and digital transformation of its power grids creates robust demand for high-precision monitoring tools that can ensure stable and efficient power distribution.

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Market Size & Forecast

• 2023 Market Size: USD 35.6 billion
• 2030 Projected Market Size: USD 45.2 billion
• CAGR (2024-2030): 3.5%
• India: Fastest growing market

Key Companies & Market Share Insights

Key players shaping the competitive landscape include ABB Ltd., General Electric Company, and Schneider Electric. These companies are recognized for their cutting-edge technologies and wide product portfolios that cater to a global client base across industries. ABB Ltd., headquartered in Zurich, is a global leader in electrical engineering and automation, offering innovative solutions that enhance efficiency and reliability. Its offerings span power quality equipment, robotics, and digital grid technologies aimed at sustainability and performance optimization.

• General Electric Company (GE), based in Boston, is another significant player with a diversified presence across sectors. Its power and grid solutions division is at the forefront of developing technologies that support reliable electricity transmission and distribution. GE’s emphasis on engineering excellence and sustainability underpins its position in the market.
• Other notable players include Exel CNC Ltd. and Solar Industries, emerging firms contributing to the dynamic growth of the industry. MachineSense, based in Boulder, Colorado, offers real-time monitoring and predictive maintenance solutions through industrial IoT technologies. Its products allow continuous assessment of power quality and operational performance, helping businesses reduce downtime and enhance asset longevity.
• Eberle GmbH & Co. KG, headquartered in Regensburg, Germany, is a well-established manufacturer of power monitoring equipment. The company specializes in precision instruments for voltage, current, and harmonic analysis, catering to both industrial clients and utility providers. Its innovation-led approach supports customers in maintaining high standards of energy efficiency and reliability.

Key Players

• ABB Ltd.
• General Electric Company
• Schneider Electric
• Siemens AG
• Emerson Electric Company
• Eaton Corporation Plc
• Active Power Inc.
• MTE Corporation
• Smiths Group plc.
• Toshiba Corporation
• Fluke Corporation
• A. Eberle GmbH & Co. KG
• MachineSense

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Conclusion

The global power quality measurement equipment market is witnessing steady growth as industries and utilities increasingly prioritize electrical reliability, operational efficiency, and regulatory compliance. The expanding use of three-phase systems, rising demand for UPS and power quality meters, and advancements in monitoring technologies are driving adoption across critical sectors. North America, Asia Pacific, and Europe continue to lead the market due to their infrastructure modernization efforts and energy diversification goals. With both established players and emerging innovators contributing to technological progress, the market is poised for sustainable development as digital power infrastructure and smart energy management become industry standards.