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Power Conditioner Market Trends

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

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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.

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.