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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.