Europe Power Quality Equipment Market Size, Share & Trends Analysis Report By Phase (Three Phase and Single Phase), By Product, By End Use, By Country and Growth Forecast, 2024 - 2031
The Europe Power Quality Equipment Market would witness market growth of 5.9% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Power Quality Equipment Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,796.7 million by 2031. The UK market is exhibiting a CAGR of 5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 6.8% during (2024 - 2031).
The market is expanding rapidly due to several converging factors. In a range of industries, including healthcare, manufacturing, data centers, and telecommunications, there is a growing dependence on sensitive electronic equipment and systems. This is the main reason that is contributing to this development.
Moreover, these sectors necessitate a consistent and dependable power supply to operate efficiently, as even minor disruptions can result in equipment malfunctions, data loss, and operational delays. For instance, in data centers where uptime is crucial, power quality issues can result in catastrophic failures, leading to substantial financial losses.
The European Union’s Green Deal aims for climate neutrality by 2050 and is driving significant investments in renewable energy infrastructure and the transition to electric mobility. While these endeavors are crucial for the reduction of carbon emissions, they present obstacles to the maintenance of grid stability as a result of the increased demand from EVs and the variability of renewable energy sources. In Germany, the increasing demand for power quality equipment in the utilities and transportation sectors is closely linked to the country’s Energiewende (Energy Transition) initiative.
Based on Phase, the market is segmented into Three Phase and Single Phase. Based on Product, the market is segmented into Uninterruptable Power Supply (UPS), Power Quality Meters, Surge Protection Devices, Harmonic Filters, Voltage Regulators, and Others. Based on End Use, the market is segmented into Industrial & Manufacturing, Residential, Commercial, Utilities, and Transportation. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Eaton Corporation plc
- ABB Group
- Schneider Electric SE
- Legrand S.A. (Legrand Group)
- Siemens AG
- Honeywell International, Inc.
- Leviton Manufacturing Co., Inc.
- Emerson Electric Co.
- Ametek, Inc.
- GE Vernova Group
By Phase
- Three Phase
- Single Phase
- Uninterruptable Power Supply (UPS)
- Power Quality Meters
- Surge Protection Devices
- Harmonic Filters
- Voltage Regulators
- Others
- Industrial & Manufacturing
- Residential
- Commercial
- Utilities
- Transportation
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Power Quality Equipment Market, by Phase
- 1.4.2 Europe Power Quality Equipment Market, by Product
- 1.4.3 Europe Power Quality Equipment Market, by End Use
- 1.4.4 Europe Power Quality Equipment Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Geographical Expansions
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Acquisition and Mergers: 2020, Feb – 2024, May) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. Europe Power Quality Equipment Market by Phase
- 5.1 Europe Three Phase Market by Country
- 5.2 Europe Single Phase Market by Country
- Chapter 6. Europe Power Quality Equipment Market by Product
- 6.1 Europe Uninterruptable Power Supply (UPS) Market by Country
- 6.2 Europe Power Quality Meters Market by Country
- 6.3 Europe Surge Protection Devices Market by Country
- 6.4 Europe Harmonic Filters Market by Country
- 6.5 Europe Voltage Regulators Market by Country
- 6.6 Europe Others Market by Country
- Chapter 7. Europe Power Quality Equipment Market by End Use
- 7.1 Europe Industrial & Manufacturing Market by Country
- 7.2 Europe Residential Market by Country
- 7.3 Europe Commercial Market by Country
- 7.4 Europe Utilities Market by Country
- 7.5 Europe Transportation Market by Country
- Chapter 8. Europe Power Quality Equipment Market by Country
- 8.1 Germany Power Quality Equipment Market
- 8.1.1 Germany Power Quality Equipment Market by Phase
- 8.1.2 Germany Power Quality Equipment Market by Product
- 8.1.3 Germany Power Quality Equipment Market by End Use
- 8.2 UK Power Quality Equipment Market
- 8.2.1 UK Power Quality Equipment Market by Phase
- 8.2.2 UK Power Quality Equipment Market by Product
- 8.2.3 UK Power Quality Equipment Market by End Use
- 8.3 France Power Quality Equipment Market
- 8.3.1 France Power Quality Equipment Market by Phase
- 8.3.2 France Power Quality Equipment Market by Product
- 8.3.3 France Power Quality Equipment Market by End Use
- 8.4 Russia Power Quality Equipment Market
- 8.4.1 Russia Power Quality Equipment Market by Phase
- 8.4.2 Russia Power Quality Equipment Market by Product
- 8.4.3 Russia Power Quality Equipment Market by End Use
- 8.5 Spain Power Quality Equipment Market
- 8.5.1 Spain Power Quality Equipment Market by Phase
- 8.5.2 Spain Power Quality Equipment Market by Product
- 8.5.3 Spain Power Quality Equipment Market by End Use
- 8.6 Italy Power Quality Equipment Market
- 8.6.1 Italy Power Quality Equipment Market by Phase
- 8.6.2 Italy Power Quality Equipment Market by Product
- 8.6.3 Italy Power Quality Equipment Market by End Use
- 8.7 Rest of Europe Power Quality Equipment Market
- 8.7.1 Rest of Europe Power Quality Equipment Market by Phase
- 8.7.2 Rest of Europe Power Quality Equipment Market by Product
- 8.7.3 Rest of Europe Power Quality Equipment Market by End Use
- Chapter 9. Company Profiles
- 9.1 Eaton Corporation PLC
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Acquisition and Mergers:
- 9.1.5.3 Geographical Expansions:
- 9.1.6 SWOT Analysis
- 9.2 ABB Group
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Acquisition and Mergers:
- 9.2.6 SWOT Analysis
- 9.3 Schneider Electric SE
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Product Launches and Product Expansions:
- 9.3.6 SWOT Analysis
- 9.4 Legrand S.A. (Legrand Group)
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 SWOT Analysis
- 9.5 Siemens AG
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Product Launches and Product Expansions:
- 9.5.5.2 Acquisition and Mergers:
- 9.5.6 SWOT Analysis
- 9.6 Honeywell International, Inc.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 Leviton Manufacturing Co., Inc.
- 9.7.1 Company Overview
- 9.7.2 Recent strategies and developments:
- 9.7.2.1 Acquisition and Mergers:
- 9.7.3 SWOT Analysis
- 9.8 Emerson Electric Co.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 SWOT Analysis
- 9.9 Ametek, Inc.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 SWOT Analysis
- 9.10. GE Vernova Group
- 9.10.1 Company Overview
- 9.10.2 Recent strategies and developments:
- 9.10.2.1 Product Launches and Product Expansions:
- 9.10.3 SWOT Analysis
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