< Key Hightlight >

Europe Power Quality Meter Market Research Report Forecast to 2030

Major Players

The Europe power quality meter market is rapidly growing due to a consistent rise in power consumption and increased energy and cost savings. Furthermore, the adoption of power quality meters in industrial applications, and government efforts to promote electrification in Europe to achieve decarbonization are likely to present a growth opportunity for the players in the global market.

A power quality meter is an ideal choice when continuous monitoring of a three-phase system is required. It provides metering for voltage, current, real, and reactive power energy use, frequency, and power factor. Power quality refers to the ability of electrical equipment to consume the energy being delivered to it. Several power quality issues including electrical harmonics, voltage instability, poor power factor, and imbalance impact the efficiency of electrical equipment.

Market Segmentation

The Europe power quality meter market has been segmented based on application, end user, phase, technology, and country. Based on application, the Europe power quality meter market has been segmented into distribution panel, substation monitoring, equipment, and others. The equipment segment is expected to grow at 6.3% CAGR during the forecast period. In 2021, the equipment segment held 36.9% of the Europe power quality meter market. 

Based on end user, the Europe power quality meter market has been segmented into industrial manufacturing, commercial, utility, transportation and others. 

The industrial manufacturing segment is expected to grow at 5.5% CAGR during the forecast period. In 2021, the industrial manufacturing segment held a 32.1% share of the Europe power quality meter market.

Based on phase, the Europe power quality meter market has been segmented into single phase, and three phase. The three-phase segment is expected to grow at 6.1% CAGR during the forecast period. In 2021, the three-phase segment held 59.0% of the Europe power quality meter market.

Major Players

Siemens, EDMI Limited, General Electric, Schneider Electric, Eaton Corporation, Honeywell International Inc, Janitza electronics GmbH, Entes, HT Italia S.r.l., Elspec are some of the key players operating in the global market. These