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Power Conditioner Market Size

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

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Power Conditioner Market Size

Power Conditioner Market was valued at USD 16.1 billion in 2023 and is slated to observe about 4.9% CAGR from 2023 to 2032. Flourishing industrial sector along with increasing infrastructural investments will fuel the product penetration. For instance, in 2021, Foreign direct investment (FDI) flows across the Asian countries rose by 19%.

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Increasing use of sensitive electronic equipment along with growing demand for clean and stable power will positively impact the industry landscape. Power conditioners were used to stabilize the power output from these sources before feeding it into the grid or for use in homes and businesses.

Power Conditioner Market Report Attributes
Report Attribute	Details
Base Year:	2023
Power Conditioner Market Size in 2023:	USD 16.1 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4.9%
2032 Value Projection:	USD 24.7 Billion
Historical Data for:	2019 to 2023
No. of Pages:	400
Tables, Charts & Figures:	1,110
Segments covered:	Product, Power Rating, Phase, Application
Growth Drivers:	Robust expansion of data centers Advancements in IoT & smart grids Increasing focus on energy efficiency Surge in renewable energy installations
Pitfalls & Challenges:	High initial cost Availability of alternatives

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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.