Global Power Quality Meters Market to Reach $2.6 Billion by 2030
The global market for Power Quality Meters estimated at US$1.6 Billion in the year 2023, is expected to reach US$2.6 Billion by 2030, growing at a CAGR of 7.2% over the period 2023-2030. Three Phase Power Quality Meters, one of the segments analyzed in the report, is expected to record 7.7% CAGR and reach US$1.9 Billion by the end of the analysis period. Growth in the Single Phase Power Quality Meters segment is estimated at 5.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $425.3 Million, While China is Forecast to Grow at 10.6% CAGR
The Power Quality Meters market in the U.S. is estimated at US$425.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$623.6 Million by the year 2030 trailing a CAGR of 10.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.
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