This Power Conditioning Services Market market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Power Conditioning Services Market market.
Power conditioning services are the services which delivers the protection against the power quality problems. The power quality problems may include problems like brownouts, power impulses, waveform distortion, swells, Sag, interruptions, voltage fluctuations, frequency variations etc. The power conditioner maintains the quality of the equipment in order to increase their efficiency and effectiveness. Power conditioning can reduce hard disk failures and data corruption problem up to 80%. Use of renewable energy resources is new trend in power conditioning service market. Globally, around 40% to 50% of the power conditioning services companies are now focusing on using renewable energy resources, such as solar energy and wind energy.
The power conditioning services have several application such as AC conditioner, conditioner for computers, Automobiles, etc. The power transistor is the key application of power conditioning as it has unique method of electricity generation, storage and uses. Various technologies are used in power conditioning services for instance; autotransformer, inverter, buck boost transformer, battery, isolation transformer etc. Power semiconductor is a very popular device utilized for power conditioning. The power semiconductor market increased by 5.9% between the year 2012 and 2013. Also the need of power semiconductor for automobiles, major appliances, and industrial equipment is expected to drive the power semiconductor market to reach around US$ 29 billion to US$ 30 billion by 2020. Europe and America region are the leading market, whereas Asean region is the emerging market for power conditioning services.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The markets for power conditioning are estimated to continue strong growth rates because of the strengthening global economy. Currently, Power conditioning services are showing rapid growth in a global market and the factors which enhance the growth of power conditioning services are, increase in the demand of long lasting and high quality power equipment, demand of power conditioning from utility and industrial end user, investment of companies in the latest electronic equipment to provide quality products and services and lot more. Nevertheless, the power conditioning services come across the challenges such as high cost of power conditioning and lack of trained professionals and therefore many companies are now focusing on giving training to the employees. The market for power conditioning has grown up greatly over past few years because of the amplified dependency upon the sensitive microprocessor-based applications. These microprocessor based application source power quality problems such as sags, harmonic distortion, brownouts, surges, etc.
Some of the major key players in power conditioning services market are, ABB ltd, Honeywell, Echelon Corporation, Rockwell, Interoll, Acromag, Fuji Electric, Emerson Industrial automation, etc.
These companies provide several types of products which provide power conditioning services such as voltage conditioner, reactive power conditioner, static frequency converter, MCR Portable Series which provides excellent noise filtering, CVS Series power conditioners which are very much active against power quality troubles and lot more other products like these. The ABB ltd has a variety of power protection products and the PCS100 Reactive Power Conditioner (RPC) is the latest power conditioning product of this company. AS a matter of fact it is very important to protect equipment from power-line disturbances because it can result in production and revenue losses. The power conditioner has number of benefits like better audio sound, filtration of incoming AC power, improvement in the performance of equipment, increased prolonged existence of components and many more.
These key players device many strategies to be competitive in power conditioning market and few of them are, use of advanced technologies like autotransformer, provision of services which causes increased productivity and increased life span of equipment, innovative services, reliable solutions for power quality problems, merger and acquisitions for instance; ABB acquired Spirit IT of Eindhoven, Netherlands etc.
The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market types and technology.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps qualitative impact of various market factors on market segments and various geographies.
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Report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America
- Latin America
- Asia Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint