Power Conditioner Market: Global Opportunity Analysis and Industry Forecast, 2022-2029

 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.

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 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. 

 Key Market Segments

 
Key Market Players

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