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Residential Power Conditioner Market Size

Report ID: GMI10777
Published Date: Aug 2024
Report Format: PDF

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Residential Power Conditioner Market Size

Residential Power Conditioner Market size was valued at USD 699.7 million in 2023 and is projected to grow at a CAGR of 4.4% between 2024 and 2032. The rising use of sensitive electronic equipment coupled with the growing need for clean and stable power will positively influence the industry landscape. Frequent power outages, voltage sags, and surges in certain regions drive homeowners to invest in power conditioners to protect their appliances and ensure a stable power supply.

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For instance, in April 2023, UK’s Triple Point Heat Networks Investment Management is announced the extension of the BHIVE heat investment platform for 2 years. BHIVE enables public sector heat network owners and developers to secure funding and commercialization services for their residential power conditioner projects.

Residential Power Conditioner Market Report Attributes
Report Attribute	Details
Base Year:	2023
Residential Power Conditioner Market Size in 2023:	USD 699.7 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4.4%
2032 Value Projection:	USD 1.02 Billion
Historical Data for:	2021 - 2023
No. of Pages:	125
Tables, Charts & Figures:	45
Segments covered:	Product, Power Rating, Phase & Region
Growth Drivers:	Flourishing real estate sector Surge in renewable energy installations Advancements in IoT & smart grids
Pitfalls & Challenges:	High initial cost

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A residential power conditioner is an electrical device designed to improve the quality of power supplied to electronic devices and appliances in a home. It typically serves to regulate voltage, suppress electrical noise & protect against power surges, spikes, and other electrical disturbances. By providing cleaner and more stable power, a power conditioner helps to enhance the performance, longevity, and reliability of sensitive electronic equipment such as home entertainment systems, computers and appliances.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of residential power conditioner reached USD 699.7 million in 2023 and is set to expand at 4.4% CAGR through 2032, supported by the growing use of sensitive electronic equipment and the demand for clean stable power.

The residential power conditioner industry from the variable cycle segment is set to grow at over 4% through 2032, driven by the need for stable power amid extreme weather and aging infrastructure.

Asia Pacific market will exceed USD 450 million by 2032, fueled by the growing adoption of smart home technologies and the rising need for dependable power sources.

ABB, AMETEK Inc., Delta Electronics, Inc., Eaton, Emerson Electric Co., Furman, Fuji Electric, Hubbell, Legrand, Mitsubishi Electric Corporation, NEELKANTH POWER SOLUTIONS, Panasonic, Schneider Electric, SERVOMAX LIMITED, SOLAHD, Sollatek, SPECTRUMSTAB INDIA PVT. LTD., Static Power, Unico, LLC, and Vishay.