The global portable power quality meter market is poised for significant growth – it is expected to grow from $1.54 billion in 2023 to approximately $3.07 billion by 2032, according to a new report titled Global Portable Power Quality Meter Market Research Report recently published by Value Market Research. This product category includes portable devices that help in identifying and diagnosing problems such as voltage fluctuations, harmonics, power factor, and waveform distortions in electrical systems.
This growth curve reflects a robust compound annual growth rate (CAGR) of 7.96% during the forecast period from 2024 to 2032. Based on the analysis of the report, portable power quality meters play a crucial role in evaluating and monitoring electrical parameters and ensuring the quality and reliability of power supply in various industries and applications. Factors driving this market growth include increasing awareness about energy efficiency, rising investments in smart grid infrastructure, and increasing demand for reliable power quality assessment tools across the globe.
At a time when reliable power supply is critical across all sectors, portable power quality meters have proven to be indispensable tools for monitoring and maintaining the stability and efficiency of electrical systems.
To receive a sample report for review, fill out the form on the company’s website.
