This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

Power Conditioning Services Market

Market Insights on Power Conditioning Services covering sales outlook, demand forecast & up-to-date key trends

Power Conditioning Services Market By Distribution Load, Topology, Product Type, Technology Used & Region - Forecast 2022-2032

Power Conditioning Services Market Snapshot (2022-2032)

The Power Conditioning Services Market is likely to hold the global market at a moderate CAGR of ~4% during the forecast period. The global market holds a forecasted revenue of ~US$ 16.8 Billion in 2022 and is likely to cross ~US$ 24.87 Billion by the end of 2032.

The Power Conditioning Services Market is anticipated to show promising growth prospects during the forecast period, expanding the Power Conditioning Services Market size.

Attribute

Details

The Power Conditioning Services Market Estimated Size (2021)

~US$ 15.4 Bn

The Power Conditioning Services Market Estimated Size (2022)

~US$ 16.8 Bn

The Power Conditioning Services Market Projected Size (2032)

~US$ 24.87 Bn

The Power Conditioning Services Market CAGR (2022-2032)

~4%

Services for power conditioning offer sufficient defence against potential problems with power quality, such as voltage swings, sags, noises, waveform distortion, and power impulses. These services aid in maintaining the quality of the equipment, increasing its effectiveness and overall life. Power conditioning devices reduce hard disc failures and data corruption issues by 80%. About half of the companies offering power conditioning services are utilising renewable resources like wind and solar energy as the sustainability wave sweeps continents. The market for power conditioning services will expand at a strong CAGR in forecast period.

Customize this Report

Let us know your requirement to get
100% FREE customization

Use of Power conditioner to regulate energy in Electric Vehicles is responsible for surge in Power Conditioning Services Market

The automotive industry is a big consumer of power conditioning services. There is high demand of power conditioning products as AC-DC current regulators and transformers in Electric vehicle manufacturing industries.

Plug-in hybrid electric vehicles (PHEV) combine gasoline in the fuel tank with electric energy and batteries as a main source. A car's power conditioner handles the energy exchange between the vehicle and outside sources. Services for power conditioning aid in preventing electromagnetic interferences, electrical surges, and fluctuations. High voltage is absorbed by high energy transient absorbers, while DC current is handled by electro mechanical relays. If high voltage volume pulses into a network can harm audio equipment, which is why impulse guards are utilised. Wire interference is removed with a noise filter. In order to reduce electrical noise, isolation transformers are often utilised in audio systems like sounds and room theaters. Additionally, power conditioning services aid in controlling the excess heat generated by the electrical transformers in the power supply for audio devices.

The automotive sector is utilising power conditioning products for production of top quality electric and hybrid vehicle, boosting the market value.

The Market is being badly impacted by the high cost of equipment, the inefficiency of some devices, and the shortage of professionals in the market

The linear mode power conditioners are commonly used in industries as well as households. Linear or series mode power conditioners are useful for reducing the incoming high voltage of Alternating current. These products have less capability and have larger physical sizes. The linear mode power conditioning products are also prone to heating and the efficiency of these products is not consistent.

Along with above disadvantages, overall power conditioning products are expensive and trained professional for installing, repairing and production are scarce.

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

Country Insights

Japan Is using power conditioners for efficiency in EV production and operations.

Japan is utilising solar energy from long time back. Japan is top producer and exporter of Photovoltaic (PV) systems, helping in harvesting solar energy and converting it to electrical energy. But just converting and storing the energy is not enough. The stored power is regulated and used for many purposes, and main use is for Electric Vehicles (EVs). There are power conditioners used in electric vehicles for regulating the current and maintaining the battery and circuit life. The power conditioning tools are also used for controlling the AC current for household uses.

Germany is providing power conditioning setups to prevent damage to appliances.

Many power conditioning products manufacturers in Germany are providing Power line conditioners for household and industrial uses. The manufacturers make conditioners according to the needs of customers, providing them with customised UPS, stabilisers, compensators and harmonic filter. All these devices help in regulating the electricity flow to electric appliances and prevent damage to their internal circuit boards.

Competitive Landscape

Some key players in the Power Conditioning Services Market are Honeywell, Rockwell, ABB Ltd., Fuji Electric, Echelon Corporation Interoll, Acromag, Emerson Industrial automation, Servomax Ltd., etc. and others.

Leading players are focusing on production and supply of a selection of power conditioning services, including reactive power conditioners, voltage conditioners, and static frequency converters. They are likely to contribute most to the Power Conditioning Services Market during forecast period.

  • Servomax Ltd., which is Indian power conditioning devices company, is offering smart and convenient power conditioners, designed for multiple purposes. There are different sizes, helping in space management and future customization is also easy.
  • Fuji Electric is producing solar energy generation setups. They are using efficient and powerful power conditioning equipment in these circuit, which help in utilizing complete electrical power generated from solar panel grids. There might be losses when directly sending electricity to power lines, but using a conditioner helps in reduction of such energy loss.
Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Scope of Report

Attribute

Details

Growth Rate

CAGR of ~4% from 2022 to 2032

Base year for estimation

2021

Historical Data Available for

2017-2021

Forecast Period

2022-2032

Quantitative units

Revenue in USD Billion, volume in Units, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, pricing analysis

Segments covered

Technology Used, Product Type, Topology, Distribution Load, Region

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; India; Thailand; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa

Key Companies Profiled

  • Rockwell
  • Fuji Electric
  • Echelon Corporation
  • Interoll
  • Acromag
  • Emerson Industrial ABB Ltd.
  • Honeywell
  • Automation
  • Servomax Ltd.
  • Others

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Key Segments Profiled in the Power Conditioning Services Market

By Technology Used:

  • Standby power system
  • Autotransformer
  • Harmonic filter
  • Isolation transformer
  • Transient voltage surge suppressor
  • Uninterruptable power supply

By Product Type:

  • Voltage regulator
  • Surge suppressor
  • Power synthesizer
  • Motor generator
  • Power enhancer

By Topology:

  • Line Interactive
  • Online
  • Standby

By Distribution Load:

  • Single Phase
  • Triple Phase

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Frequently Asked Questions

The Power Conditioning Services Market is expected to reach a valuation of ~US$ 16.8 Bn in 2022.

To make sure house appliances and electric devices used in industries are safe from electricity fluctuations, keep circuits safe and maintain the energy flow, power conditioning devices are used. Mainly power conditioning services are used for EV production by automotive industries.

Leading players operating in Power Conditioning Services Market are Rockwell, ABB Ltd., Honeywell, Fuji Electric, Echelon Corporation Interoll, Acromag, Emerson Industrial automation, Servomax Ltd., and among others.

Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

List of Charts

NA

Need specific information?

Request Customization

Explore Services and Utilities Insights

View Reports
Google translate

Power Conditioning Services Market