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Allied Market Research

Power Conditioner Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Aug 2021 | 444 Views
   
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 A power conditioner, also known as a power line conditioner or line conditioner, is an equipment designed to enhance the quality of the power supplied to the electrical charging equipment. The term often refers to equipment that operates in multiple ways to deliver the suitable amount and features of a voltage so that the loading equipment can operate effectively. Power conditioner in special cases refers to a voltage regulator with at least one other feature to increase the efficiency of the energy. Power conditioner ensures the quality of the equipment to boost its efficiency and productivity. A quality power line conditioner offers protection against over- and under-voltage on the AC line, and hazardous fluxions in voltage.  Furthermore, it destroys noise from the AC line and rectifies voltage to increase overall device performance. Power line conditioners are installed on electrical circuit between the source of input power and the device, which has to be guarded.

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type, Application, and Region

  Regions covered

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the Rest of LAMEA)

  Companies covered

ABB Ltd, Honeywell, Echelon Corporation, Rockwell, Interoll, Acromag, Fuji Electric, Acme Electric Corporation, Tripp Lite, and Emerson Industrial Automation

 

Key drivers of global power conditioner market

The global demand for air conditioners is presently increasing at a rapid rate. Owing to the strengthening of the global economy, the market is anticipated to witness substantial growth during the forecast period. Factors that enhance the need for power conditioners include increase in demand for long-lasting and high-quality power devices, rise in need for residential & commercial power conditioners, and innovations by manufacturers in the emerging digital technology to provide high-quality goods and services. Manufacturers offer facilities that lead to increased efficiency, productivity, and service life of reliable solutions for power quality issues, innovative services, and equipment, which is further expected to drive the market.

Market scenario: opportunities and challenges

Increase in reliance on responsive microprocessor-based devices boosts the growth of the global power conditioner industry. In addition, power conditioners exhibit multiple advantages, such as enhanced audio quality, incoming AC power filtration, superior equipment efficiency, and prolonged service life. Moreover, the use of renewable energy resources is the new trend in the market for power conditioners. Globally, power conditioner companies are focusing on using renewable energy resources, such as wind energy and solar energy, which is expected to act as a lucrative opportunity for the expansion of the global power conditioner market. However, the demand for power conditioners is facing obstacles such as rise in power conditioning prices and dearth of qualified professionals, which hamper the growth of the global market. Conversely, to overcome the impact of this restraint, several firms are now focusing on training their employees, which is anticipated to offer potential growth opportunities for the global market during the forecast period.

COVID-19 scenario analysis

Owing to the outbreak of the COVID-19 pandemic, the global power conditioner market is expected to witness a slowdown during the next couple of years. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown in the output of anything from residential to industrial sector. In addition, recent decline in manufacturing activities are one of the key factors that is likely to negatively impact the growth of power conditioner market. Moreover, companies are dealing with missing sales and disrupted supply chains as production activities are shutdown. 

Key segments covered

Segment

Subsegment

  Type

  • Fixed Cycle Regulator
  • Variable Cycle Regulator
  • Others

  Applications

  • Industrial & Manufacturing
  • Commercial
  • Residential
  • Transportation
  • Electric Industry
  • Utilities
  • Others

 

Key benefits of the report

  • This study presents the analytical depiction of the global power conditioner industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global power conditioner market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global power conditioner market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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