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Power Quality Meter Market Size – By Product, By Application, Analysis, Share, Growth Forecast, 2025 – 2034

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Power Quality Meter Market Size

The global power quality meter market was valued at USD 2.1 billion in 2024 and is estimated to grow at a CAGR of 7.6% from 2025 to 2034. The growing use of sensitive electronic equipment in industrial and commercial environments is expected to drive product demand.
 

Power Quality Meter Market

A power quality meter also called a power quality analyzer or PQ meter is an instrument designed to measure and evaluate the quality of electrical power within a distribution system. This device plays a vital role in detecting and diagnosing issues related to voltage and current in an electrical network. Power quality pertains to the reliability and purity of electrical power, covering aspects comprising of voltage stability, harmonics, transients, sags, swells and other disruptions. The tightening of power quality standards and regulations is set to positively influence the industry scenario.
 

Power Quality Meter Market Trends

Power utilities and grid operators are increasingly investing in smart grid technologies, including advanced power quality monitoring systems, to enhance grid reliability, minimize losses, and improve the overall quality of electricity supply. Rising focus on cybersecurity, remote monitoring, and cloud-based solutions is reshaping the industry landscape. These advancements enable users to access power quality data from any location, facilitating real-time decision-making and comprehensive long-term analysis, thereby accelerating business opportunities.
 

Power Quality Meter Market Analysis

Power Quality Meter Market Size, By Application, 2022 - 2034 (USD Billion)

The commercial application will exceed USD 1 billion by 2034. These meters are evolving to feature intuitive, user-friendly interfaces, simplifying data access and configuration for operators. The rising adoption of mobile apps and web-based platforms will augment the industry scenario. Additionally, the increasing emphasis on sustainability and energy efficiency has spurred the development of power quality meters that pinpoint areas for optimization, helping to reduce energy waste and lower carbon footprints.
 

Power Quality Meter Market Revenue Share, By Product, 2024

The portable power quality meter market is anticipated to grow at a CAGR of over 7% through 2034. The rising complexity of electrical systems in line with the growing reliance on sensitive electronic equipment will bolster industry growth. This trend is fueled by the need to maintain a stable, high-quality power supply to prevent equipment damage, minimize downtime, and enhance operational efficiency. These systems are instrumental in identifying energy waste, enabling organizations to optimize energy consumption and lower costs. As environmental concerns and energy expenses remain significant, this trend is likely to persist across wide multitude of application areas.
 

U.S. Power Quality Meter Market Size, 2022 - 2034 (USD Million)

The U.S. power quality meter market is set to surpass USD 400 million by 2034. Rising awareness about the significance of power quality coupled with stricter regulations and standards is set to drive the industry growth. The industries, businesses, and utilities are increasingly acknowledging the negative impact of poor power quality on equipment, operational efficiency, and overall performance, thereby boosting the business potential. Power quality meters are essential for monitoring and managing the grid, fueling the demand for advanced metering solutions.
 

The Asia Pacific power quality meter market is poised for significant growth driven by rapid industrialization, urbanization, and increasing energy consumption. The rising adoption of renewable energy sources and the expansion of smart grid infrastructure are further propelling demand for power quality meters. Additionally, the growing awareness of energy efficiency along with government initiatives to reduce carbon emissions is fostering the adoption of advanced metering solutions.
 

Power Quality Meter Market Share

Power Quality Meter Company Market Share Analysis, 2024

The manufacturers in the power quality meter industry are adopting various strategies to strengthen their market position and cater to evolving consumer needs. Key approaches include investing in research and development to create advanced, user-friendly products with enhanced accuracy and real-time monitoring capabilities. Many companies are focusing on integrating IoT, AI, and cloud-based technologies to enable remote access, predictive maintenance, and improved data analytics.
 

Power Quality Meter Market Companies

Major players operating in the power quality meter industry are:

  • A.F. Smith Electric
  • ABB
  • Accuenergy
  • Algodue Elettronica
  • Delta Electronics
  • Eastron Electronic
  • Eaton
  • Elspec
  • Emerson Electric
  • Fluke Corporation
  • General Electric
  • HIOKI E.E. CORPORATION
  • LUMEL
  • M B Control & Systems
  • Megger
  • Mitsubishi Electric Corporation
  • MTE Power Quality
  • PCE Instruments
  • Rishabh Instruments
  • Schneider Electric
  • Siemens
  • Vitrek
     

Power Quality Meter Industry News

  • In March 2024, Megger has announced the acquisition of Diagnostic Solutions (DSL), one of the best UK-based specialists in rotating machinery vibration monitoring and scrutiny, enhancing its offerings in the Predictive Maintenance sector. DSL’s wireless sensors, which enable online vibration analysis, will complement the company’s electrical motor and generator testing instruments.
     
  • In February 2022, ABB introduced its metering solutions designed to optimize energy management across various industries. These meters help users make informed decisions on power consumption and provide power quality analysis, catering to residential, industrial, and commercial buildings. The product range includes models such as M1M11, M1M DS, M1M 20B, and M1M 30B, which are tailored for submetering and power quality monitoring.  
     

This power quality meter market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Units) & revenue (USD Million) from 2021 to 2034, for the following segments:

Market, By Product

  • Portable
  • Panel Mounted

Market, By Application

  • Commercial
  • Industrial
  • Utility

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Russia
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • New Zealand
    • Malaysia
    • Indonesia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • Egypt
    • South Africa
    • Nigeria
  • Latin America
    • Brazil
    • Argentina
Authors: Ankit Gupta, Shubham Chaudhary
Frequently Asked Question(FAQ) :
Who are the major players in the power quality meter market?
The industry features key players such as A.F. Smith Electric, ABB, Accuenergy, Algodue Elettronica, Delta Electronics, Eastron Electronic, Eaton, Elspec, Emerson Electric, Fluke Corporation, General Electric, HIOKI E.E. CORPORATION, LUMEL, M B Control & Systems, Megger, Mitsubishi Electric Corporation, MTE Power Quality, PCE Instruments, Rishabh Instruments, Schneider Electric, Siemens, and Vitrek.
How is the portable power quality meter market performing?
What trends are influencing the U.S. power quality meter market growth?
How big is the power quality meter market?
What is the size of the commercial application segment in the power quality meter market?
Power Quality Meter Market Scope
  • Power Quality Meter Market Size
  • Power Quality Meter Market Trends
  • Power Quality Meter Market Analysis
  • Power Quality Meter Market Share
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    Premium Report Details

    Base Year: 2024

    Companies covered: 22

    Tables & Figures: 40

    Countries covered: 27

    Pages: 125

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