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Power Conditioner Market Size

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

Power Conditioner Market Size

Power Conditioner Market was valued at USD 16.1 billion in 2023 and is slated to observe about 4.9% 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.

 

 

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: 2023
  • Companies covered: 21
  • Tables & Figures: 1110
  • Countries covered: 21
  • Pages: 400
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