The global power quality monitoring market is projected to grow from $4.2 billion in 2024 to $8.7 billion by 2033, according to Research Intelo. The firm estimates a compound annual growth rate of approximately 8.3%.

A new report from the market research firm attributes growth to increasing reliance on sensitive electronic equipment and investments in smart grids and renewable energy integration. Power quality monitoring helps identify voltage sags, harmonics, transients, and other disturbances that can disrupt operations or damage equipment.

Manufacturing remains the largest end-user segment, while data centers are among the fastest-growing categories as operators support expanding cloud computing and digital services.

Hardware, including meters, analyzers, sensors, and recorders, accounts for the largest share of market revenue. Demand for software is also increasing as organizations adopt cloud-based analytics, automated reporting, and predictive tools.

North America holds the largest regional market share. Asia Pacific is expected to experience the fastest growth through 2033, supported by industrialization, smart grid investments, and expanding data center capacity.

For more information, read the full report.