Power quality equipment refers to devices used for monitoring and maintaining the quality and stability of power supplies in industrial and commercial applications. Power quality equipment comprises wiring devices, surge protectors, voltage regulators, and UPS systems that protect sensitive equipment from power anomalies like spikes, surges, and blackouts. With widespread industrialization and growing demand for uninterrupted power, especially in data centers and healthcare facilities, the need for reliable power quality equipment has increased substantially.

The global Power Quality Equipment Market is estimated to be valued at US$ 31.33 billion in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

Demand for Uninterrupted and Reliable Power Supply
The growing demand for continuous and reliable power supply from various end-use industries like IT & telecom, manufacturing, healthcare, and commercial facilities is estimated to drive the growth of the Global power quality equipment market size during the forecast period. Critical operations and processes across industries require uninterrupted power supply. Even momentary power fluctuations can cause severe operational and financial losses. Thus, industries are increasingly adopting power quality equipment like UPS systems, voltage regulators, and surge protectors to ensure clean and consistent power for their activities. This growing demand for seamless power from industries represents a major market opportunity for manufacturers of power quality equipment.

Porter’s Analysis

Threat of new entrants: Low economies of scale in technology and capital requirements make entry difficult in this mature market. Bargaining power of buyers: Large industrial and commercial buyers can negotiate low prices due to bulk purchasing power. Bargaining power of suppliers: Well established suppliers like power equipment providers have advantage over smaller players. Threat of new substitutes: Limited threat as power quality equipment has few close substitutes that provide comparable performance. Competitive rivalry: Intense competition exists among technology leaders like ABB, Eaton, and Schneider Electric to develop new products and solutions.

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