According to a new report, published by KBV research, The Global Power Quality Equipment Market size is expected to reach $47.2 billion by 2031, rising at a market growth of 6.1% CAGR during the forecast period.
The Single Phase segment is anticipating a CAGR of 6.8% during (2024 - 2031). Single-phase systems are commonly used in residential and small commercial applications, where power demands are lower, but maintaining power quality is still essential. The key factor that is helping the rise of this market segment is the growing prevalence of power-sensitive gadgets and appliances in households and small businesses. These devices and appliances require continuous power quality in order to function properly.
The Uninterruptable Power Supply (UPS) segment is leading the Global Power Quality Equipment Market by Product in 2023; thereby, achieving a market value of $16.8 billion by 2031. The increasing demand for dependable backup power solutions in a variety of sectors, such as data centers, healthcare, and critical infrastructure, is the reason for this dominance. As businesses and institutions increasingly rely on continuous power to maintain operations, the UPS segment has seen significant growth, driven by its ability to provide instant power during outages and ensure the smooth functioning of sensitive equipment.
The Commercial segment is anticipating a CAGR of 5.9% during (2024 - 2031). The segment's growth is driven by the importance of maintaining power quality in office buildings, retail spaces, hospitals, data centers, and other commercial establishments. These environments depend heavily on uninterrupted power for daily operations, customer service, and critical systems like HVAC, lighting, and IT infrastructure. The necessity for power quality equipment, including surge protectors and UPS systems, to defend against power fluctuations and outages has been amplified by the growing dependence on electronic devices in the commercial sector and the proliferation of digital technologies.
Full Report: https://www.kbvresearch.com/power-quality-equipment-market/
The Asia Pacific region dominated the Global Power Quality Equipment Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $18.6 billion by 2031. The North America region is showcasing a CAGR of 5.7% during (2024 - 2031). Additionally, The Europe region would exhibit a CAGR of 5.9% during (2024 - 2031).
By Phase
By Product
By End Use
By Geography
Unique Offerings 
