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Power Conditioner Market Size - By Product (Fixed Cycle Regulator, Variable Cycle Regulator), By Phase (Single Phase, Three Phase), By Application (Residential, Commercial, Industrial), Power Rating & Forecast, 2023 – 2032

  • Report ID: GMI7219
  • Published Date: Oct 2023
  • Report Format: PDF

Power Conditioner Market Size

Power Conditioner Market was valued at USD 15.6 billion in 2022 and is slated to observe about 4.8% CAGR from 2023 to 2032. Flourishing industrial sector along with increasing infrastructural investments will fuel the product penetration. For instance, in 2021, Foreign direct investment (FDI) flows across the Asian countries rose by 19%.

Power Conditioner Market

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Increasing use of sensitive electronic equipment along with growing demand for clean and stable power will positively impact the industry landscape. Power conditioners were used to stabilize the power output from these sources before feeding it into the grid or for use in homes and businesses.


COVID– 19 Impact

The power conditioner market has been significantly affected by the COVID- 19 pandemic, with the extent and nature of this impact being influenced by several factors, such as the duration of the pandemic, the geographical location of companies, and the specific market segments within the industry. Nonetheless, the growing trend of remote work, in conjunction with the continued deployment of advanced electrical equipment, has contributed to the expansion of the industry.

Power Conditioner Market Trends

Wide scale utilization of these products across industries and manufacturing plants will fuel the industry scenario. Surging advancements in power electronics and digital control systems were leading to more efficient and reliable power conditioners. These innovations included the use of semiconductors and advanced control algorithms. Growing awareness of the environmental impact of power generation and consumption will further lead to an interest in more efficient and sustainable power conditioning solutions. Additionally, regulatory changes and standards related to power quality, energy efficiency, and grid stability could significantly impact the power market growth.

Power Conditioner Market Analysis

 Power Conditioner Market Size, By Phase, 2021 - 2032 (USD Billion)

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Based on phase, the three phase power conditioner industry size will witness growth rate of over 4.8% through 2032. The industry is increasingly adopting digital technologies and smart grid solutions. This allows for better monitoring, control, and real-time adjustments to ensure optimal power quality. IoT (Internet of Things) and data analytics are being integrated to enhance power management.

Power Conditioner Market Revenue Share, By Power Rating, 2022

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Based on power rating, the > 10 kVA - 50 kVA rated power conditioner segment held a market share of over 20% in 2022. Increasing reliance on sensitive electronic equipment, maintaining stable and high-quality power will drive the business growth. The expansion of data centers and the continuous growth of the IT and telecommunications sectors will augment the industry landscape.

Based on application, the commercial application is set to surpass USD 6.5 billion by 2032. Growing focus on sustainability, many industries are integrating renewable energy sources including solar and wind. Power conditioners are used to ensure the stability and quality of power from these intermittent sources when integrated into industrial operations.

Based on product, the industrial and commercial sectors often require high-quality power to operate machinery and maintain critical processes. Power conditioners and fixed cycle regulators are widely used in these sectors to provide consistent power, protect equipment, and prevent costly downtime.

 Europe Power Conditioner Market Size, 2021 - 2032 (USD Billion)

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  • The Europe power conditioner industry was valued at over USD 4.3 billion in 2022. The deployment of smart grid technologies along with significant investments in renewable energy sources will foster the business potential.
  • The region places a strong emphasis on grid stability and reliability. Power conditioners are vital for maintaining consistent voltage levels and protecting against power disturbances. They play a critical role in ensuring a reliable power supply.

Power Conditioner Market Share

The leading companies prioritize marketing strategies, technological innovations, establishing their brand, and achieving economies of scale to effectively compete in the industry. The key market players include:

  • Mitsubishi Electric Corporation
  • ABB
  • Eaton
  • Delta Electronics, Inc.
  • Schneider Electric
  • Legrand
  • AMETEK Inc. 
  • Fuji Electric
  • Vishay
  • Emerson Electric Co.
  • Panasonic
  • Hubbell
  • Sharp Corporation
  • Sollatek 
  • Superior Electric
  • Farmax Technologies Pvt. Ltd
  • Unico, LLC
  • Utility Systems Technologies
  • Static Power

Schneider Electric has a strong global presence, with a wide customer base in different industries and sectors. They are known for providing reliable and innovative solutions to address power quality and conditioning challenges. It’s power conditioning products typically include a range of solutions aimed at ensuring the quality, reliability, and efficiency of electrical power in various applications. 

Power Conditioner Market News:

  • In July 2023, Delta Electronics has designated EVO Power as its approved system integrator for the PCS100 100KW 3P4 W power conditioning system, which has earned certification in full alignment with the ASNZS4777.2-2020 standards. This remarkable milestone signifies the world's inaugural certification of a PCS that meets the stringent ASNZS4777.2-2020 standard, as corroborated by the reputable Global Certification Company TUV.
  • In January 2023, Mitsubishi Electric announced their developed compact and energy-efficient power conditioners for electric vehicles (EVs), reducing their size by almost 50%. These innovative power conditioners are designed for domestic use, allowing households to utilize surplus electricity from residential photovoltaic (PV) systems and ensuring a stable power supply during blackouts. The technology also contributes to a low-carbon society by increasing the use of renewable energy sources.

This power conditioner market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2019 to 2032, for the following segments:

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By Power Rating

  • ≤ 10 kVA
  • > 10 kVA - 50 kVA
  • > 50 kVA - 150 kVA
  • > 150 kVA

By Product

  • Fixed Cycle Regulator
  • Variable Cycle Regulator

By Phase

  • Single Phase
  • Three Phase

By Application

  • Residential
  • Commercial
  • Industrial

The above information has been provided for the following regions and country:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Russia
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • New Zealand
    • Malaysia
    • Indonesia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • Egypt
    • South Africa
    • Nigeria
    • Kuwait
    • Oman
  • Latin America
    • Brazil
    • Peru
    • Argentina


Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market valuation of power conditioner was worth USD 15.6 billion in 2022 and is projected to exceed USD 24.7 billion by 2032, attributed to the rising demand from the booming industrial sector along with increasing infrastructural investments.

> 10 kVA - 50 kVA rated power conditioner market held more than 20% revenue share in 2022 and is likely to witness high demand owing to the rapid expansion of data centers and the continuous growth of the IT and telecommunications sectors.

European market for power conditioner was surpassed USD 4.3 billion in 2022 and is poised to depict robust growth through 2032, driven by the ongoing deployment of smart grid technologies along with significant investments in renewable energy sources.

Mitsubishi Electric Corporation, ABB, Eaton, Delta Electronics, Inc., Schneider Electric, Legrand, AMETEK Inc., Fuji Electric, Emerson Electric Co., and Panasonic, among others.

Power Conditioner Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 21
  • Tables & Figures: 1110
  • Countries covered: 21
  • Pages: 400
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