PUBLISHER: The Insight Partners | PRODUCT CODE: 1780316
PUBLISHER: The Insight Partners | PRODUCT CODE: 1780316
The Europe power quality equipment market size was valued at US$ 8.05 billion in 2024 and is expected to reach US$ 11.45 billion by 2031; it is estimated to record a CAGR of 5.5% from 2025 to 2031.
The Europe power quality equipment market is segmented into France, Germany, Russia, Italy, the UK, and the Rest of Europe. Germany dominated the market in 2024, followed by UK and France, respectively. European countries are characterized by the presence of major manufacturing industries, such as aerospace, machinery and equipment, automotive, shipbuilding, and military vehicles. EU countries are the leading producers of motor vehicles, and premium automotive manufacturers are based in these countries. According to the European Automobile Manufacturers' Association (ACEA), Europe is home to 255 automotive manufacturing facilities, encompassing assembly, engine, and battery production plants. Of these, 98 produce cars, 44 manufacture buses, 32 build heavy-duty trucks, 30 produce vans, 56 are dedicated to engine production, and 65 specialize in battery manufacturing. Notably, 121 of these facilities assemble battery-electric vehicles (BEVs), reflecting the region's strong shift toward electrification and sustainable mobility solutions. The presence of robust manufacturing plants is fueling power consumption, creating the demand for power quality equipment in the region
Based on equipment, the Europe power quality equipment market is segmented into smart sensors, thermal sensors, power quality meters, network analyzers, and others. The others segment held the largest Europe power quality equipment market share. Uninterruptable power supply (UPS), harmonic filters, static VAR compensators, power conditioners, surge protective devices, solid oxide fuel cells, static transfer switches, line voltage regulators, power distribution units, reactors & inductors, and frequency converters are other types of power quality equipment available in the market. UPS supplies power to the load when the main source or input source of power fails, especially in case of emergency. Harmonic filters are parallel or series resonant circuits designed for blocking or shunting harmonic currents. These filters decrease the harmonic currents flowing in the power system, reducing the harmonic voltage distortion in the system. Static VAR compensators control line voltages quickly and reliably. A static VAR compensator controls and regulates the voltage to the needed set point under normal steady-state and contingency conditions, thereby supplying fast and dynamic response reactive power in incidents of line and generator disconnections and network short circuits. A power conditioner protects sensitive loads by smoothing out voltage fluctuations.
Power quality equipment aims to reduce the usage of multiple equipment in a system. These devices support databases where the collection and analysis of the data is read and stored with no time lags. Based on the requirement of the application, market players offer this equipment in various features, shapes, sizes, efficiency, and accuracy all over the world.
Camlin Group; HIOKI E.E. CORPORATION; Schneider Electric SE; ABB Ltd; Siemens AG; Emerson Electric Co; DEHN SE; Gridspertis; NEO Messtechnik Gmbh; and COMTECH Ltd are among the key Europe power quality equipment market players that are profiled in this market study.
The overall Europe power quality equipment market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Europe power quality equipment market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe power quality equipment market.