North America 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 North America Power Quality Equipment Market would witness market growth of 5.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Power Quality Equipment Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $9,548.6 million by 2031. Canada market is experiencing a CAGR of 7.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.1% during (2024 - 2031).
As renewable energy grows, the need for power quality management becomes increasingly critical. Countries are investing in advanced technologies to address the challenges posed by renewable energy variability, ensuring that the transition to cleaner energy sources does not disrupt the stability and reliability of electricity grids.
Additionally, this growing demand for power quality equipment reflects the ongoing efforts to harmonize the power supply in the face of expanding renewable energy infrastructure.
The regional nations are emphasizing more on the integration of renewable energy sources as well as grid modernization, both of which, while beneficial for the preservation of electricity quality, bring new challenges to the preservation of sustainability. An increasing number of people are becoming aware of the relevance of power quality in both the residential and commercial sectors. This is primarily due to the development of sensitive electronic gadgets and the requirement for an uninterrupted power supply. One critical factor is the increasing prevalence of home automation and smart home technologies, which necessitate a consistent and dependable power supply to operate efficiently.
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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Power Quality Equipment Market, by Phase
- 1.4.2 North America Power Quality Equipment Market, by Product
- 1.4.3 North America Power Quality Equipment Market, by End Use
- 1.4.4 North America 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. North America Power Quality Equipment Market by Phase
- 5.1 North America Three Phase Market by Region
- 5.2 North America Single Phase Market by Region
- Chapter 6. North America Power Quality Equipment Market by Product
- 6.1 North America Uninterruptable Power Supply (UPS) Market by Country
- 6.2 North America Power Quality Meters Market by Country
- 6.3 North America Surge Protection Devices Market by Country
- 6.4 North America Harmonic Filters Market by Country
- 6.5 North America Voltage Regulators Market by Country
- 6.6 North America Others Market by Country
- Chapter 7. North America Power Quality Equipment Market by End Use
- 7.1 North America Industrial & Manufacturing Market by Country
- 7.2 North America Residential Market by Country
- 7.3 North America Commercial Market by Country
- 7.4 North America Utilities Market by Country
- 7.5 North America Transportation Market by Country
- Chapter 8. North America Power Quality Equipment Market by Country
- 8.1 US Power Quality Equipment Market
- 8.1.1 US Power Quality Equipment Market by Phase
- 8.1.2 US Power Quality Equipment Market by Product
- 8.1.3 US Power Quality Equipment Market by End Use
- 8.2 Canada Power Quality Equipment Market
- 8.2.1 Canada Power Quality Equipment Market by Phase
- 8.2.2 Canada Power Quality Equipment Market by Product
- 8.2.3 Canada Power Quality Equipment Market by End Use
- 8.3 Mexico Power Quality Equipment Market
- 8.3.1 Mexico Power Quality Equipment Market by Phase
- 8.3.2 Mexico Power Quality Equipment Market by Product
- 8.3.3 Mexico Power Quality Equipment Market by End Use
- 8.4 Rest of North America Power Quality Equipment Market
- 8.4.1 Rest of North America Power Quality Equipment Market by Phase
- 8.4.2 Rest of North America Power Quality Equipment Market by Product
- 8.4.3 Rest of North America 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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