Asia Pacific 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, By Country Outlook & Forecast, 2024 – 2032

Asia Pacific Power Conditioner Market Size

Asia Pacific Power Conditioner Market was valued at USD 6.1 billion in 2023 and is estimated to grow at a CAGR of over 4.9% between 2024 and 2032. The increasing consumer focus toward energy efficiency along with robust deployment of electric vehicle charging stations, will foster the business outlook.

 

A power conditioner is an electronic device designed to improve the quality of electrical power supplied to electrical equipment by regulating voltage, current, or frequency. It is used to address various power quality issues such as voltage fluctuations, surges, sags, spikes, and harmonic distortions that can adversely affect the performance and reliability of sensitive electronic and electrical devices. Power conditioners aim to provide a stable and consistent power supply, ensuring the proper functioning and protection of connected equipment from potential damage or malfunctions caused by irregularities in the electrical grid.
 

COVID– 19 Impact

The COVID- 19 has significantly impacted market for power conditioner, a reduction in industrial activity and investment was caused by supply chain disruptions brought on by the economic downturn, as well as widespread lockdowns. This slowdown resulted in deferred or canceled investments in infrastructure projects, data centers, and industrial facilities, affecting the demand for power conditioning equipment.
 

Asia Pacific Power Conditioner Market Trends

Ongoing expansion of data centers and advancements in IoT & smart grids will energize the industry dynamic. Paradigm shift toward optimizing the power factor and minimizing losses in electrical systems, aligning with these sustainability goals will fuel the product penetration. Surging integration of distributed energy resources and enhancing grid reliability will positively sway the business landscape. Furthermore, the rise in the industrialization and infrastructure development projects are driving the demand for power conditioners.
 

Asia Pacific Power Conditioner Market Analysis

The > 10 kVA - 50 kVA rated power conditioner market is set to exceed USD 2 billion by 2032. The demand for these generators is driven by the compact size and enhanced features, making them suitable for wide multitude of small-scale applications. Flourishing real estate sector along with growing demand for power conditioning solutions to ensure consistent and clean power supply will escalate the industry growth.
 

The three phase power conditioner market size will witness growth rate of over 4.5% through 2032. Increasing applicability across industries to ensure that sensitive electronic components and machinery receive a consistent and clean power supply for optimal performance will foster the industry outlook. Growing concerns toward energy consumption coupled with Government initiatives aimed at improving energy efficiency will drive the business growth.
 

China power conditioner market is set to surpass USD 2.5 billion by 2032. Rapid industrialization and increasing urbanization rate have led to an increasing demand for stable and reliable power supply, which in turn will augment the industry landscape. Stringent regulations regarding power quality standards along with surging investment in infrastructure development including transportation, telecommunications, and healthcare facilities will favor the business scenario.
 

Asia Pacific Power Conditioner Market Share

Mitsubishi Electric Corporation, one of the leaders in the manufacture and development of electrical and electronic equipment, is renowned for its contributions across various industries. With a diverse product portfolio, the company plays a key role in providing innovative solutions in areas such as energy, transportation, industrial automation, information technology, and more.
 

Asia Pacific Power Conditioner Market Companies

Major participants operating across the Asia Pacific power conditioner industry are:

• ABB
• AMETEK Inc.
• Delta Electronics, Inc.
• Eaton
• Emerson Electric Co.
• Farmax Technologies Pvt. Ltd
• Fuji Electric
• Hubbell
• Legrand
• Mitsubishi Electric Corporation
• Panasonic
• Schneider Electric
• SERVOMAX LIMITED
• Sharp Corporation
• SOLAHD
• Sollatek
• SPECTRUMSTAB INDIA PVT. LTD.
• Static Power
• Unico, LLC
• Vishay
   

Asia Pacific Power Conditioner Industry News

• In September 2022, ABB has announced their plan to acquire PowerTech Converter. The acquisition is part of ABB Motion's strategy for external growth, aiming to enhance its market access and complement its product portfolio in the rail segment. The deal, expected to close in the fourth quarter of 2022, is subject to regulatory approvals. This moves positions ABB to capitalize on the growing demand for sustainable transport solutions in the railway industry.
   
• In January 2022, Eaton has announced that they have successfully completed the acquisition of Royal Power Solutions. This strategic move positions Eaton to leverage the growing opportunities in electrification across various high-growth markets, including eMobility, aerospace, and electrical sectors.
   

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

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Market, By Power Rating

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

Market, By Phase

• Single Phase
• Three Phase

Market, By Product

• Fixed Cycle Regulator
• Variable Cycle Regulator

Market, By Application

• Residential
• Commercial
• Industrial

The above information has been provided for the following countries:

• China
• Japan
• South Korea
• India
• Australia
• New Zealand
• Malaysia
• Indonesia