Power Quality Equipment Market is Estimated to
Witness High Growth Owing to Advancements in Power Monitoring Technologies

The power quality equipment market
comprises various instruments and devices such as power quality meters, data
loggers, power quality analyzers, harmonic analyzers and power transducers.
Power quality equipment offers vital insights into the electrical system
performance and helps identify power quality issues such as over/under voltage,
harmonic distortion, transients, sags, swells etc. Power quality equipment
finds widespread adoption across data centers, renewable energy integration
plants, electric vehicle charging infrastructure and transportation systems
among others to ensure reliable power supply.

The Global Power Quality Equipment
Market is estimated to be valued at US$
36.1 Mn in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 To 2031.



Key Takeaways

Key players operating in the Power Quality Equipment Market are Scientech
Technologies Pvt. Ltd., Tektronix Inc., B&K Precision Corporation, Keysight
Technologies Inc., Pico Technology Holdings Ltd., Rohde & Schwarz GmbH
& Co. KG, Siglent Technologies Co. Ltd., Teledyne LeCroy Inc., Fluke
Corporation, Yokogawa Test & Measurement Corporation, Rigol Technologies
Inc., and National Instruments Corporation. The growing integration of
renewable energy resources is generating the need for efficient power quality
monitoring devices. Advancements in Internet of Things (IoT) and cloud
computing are enabling the development of intelligent power quality analyzers
with remote monitoring capabilities. Technological advancements such as
waveform capture technology, high sampling rates and fast transient response
times are supporting enhanced power quality analysis.



Market Drivers

Strict norms and regulations pertaining to power quality are necessitating the
deployment of monitoring devices across industries. Power
Quality Equipment Market Demand issues can cause equipment downtime,
product quality issues and increased maintenance costs. Hence, industries are
increasingly adopting power quality equipment for reliable operations and to
reduce operational expenditures. Growing investments in electric vehicle
charging infrastructure and smart grid projects are also driving the need for
efficient power quality monitoring systems. Outage management systems rely on
real-time power quality data for predictive maintenance of assets.

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Quality Equipment Market