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Global Power Conditioning Services Market Size, Trends, and Analysis - Forecasts to 2026 By Technology (Standby Power System, Autotransformer, Harmonic Filter, Isolation Transformer, Transient Voltage Surge Suppressor, Uninterruptable Power Supply), By Type (Voltage Regulators, Surge Suppressor, Power Synthesizer, Motor Generator, Power Enhancer), By Region (North America, Europe, Asia Pacific, MEA, and CSA), Competitive Landscape Company Market Share Analysis, and Competitor Analysis
The use of power conditioning services has served most of the industries to avoid mishaps or power fluctuation issues in their systems. These act as shield to the working system against voltage fluctuation and high power strikes. These conditioning services are highly recommended due to the presence of unplanned or unanticipated interruptions caused in the power systems. Other than the power fluctuations, systems are also highly vulnerable to radio frequency interferences and electro magnetic interferences.
The market for power conditioning services will grow rapidly owing to drivers such as rising demand from automotive industry, increasing research and developmental activities related to the enhancement in power conditioning systems, rising investments in the Asia Pacific region for launching new and advanced products, rising commercialization and industrialization which will lead to increasing demand for power conditioning services. Furthermore, factors such as increasing demand to maintain long-lasting and high-quality power generation for devices, rising demand for residential power conditioners, and innovations by manufacturers in the emerging digital technology to provide high-quality goods and services will help propel the market growth.
The power conditioning services regulate and maintain the systems they are applied to, thus increasing the systems' efficiency, sustenance, and service life. These services are the buffer points between the power outlets and the terminal systems. By being the buffer points between sources, these conditioning services smoothen the power fluctuation and increase the systems' service delivery. Approximately 80% of the time, these services act as a defense to data distortion problems and failures in the system drives. The advancements in technology and various technologically driven computer systems gave rise to frequent power strike problems and voltage fluctuations. These issues gave rise to the need for an undisturbed flow of power and the requirement of power and system protection to defend them from vulnerabilities. Industries like manufacturing and automotive have high usability of these power conditioning services in their systems. These industries are massive users of electricity and power driven mechanisms. With emerging trends of electric vehicles and other systems, it becomes very crucial for the automobile industries to adopt these power conditioning services to regulate maintenance, efficiency, and the safety of the customers.
However, these power conditioning services have a very low tolerance to high heat, and without proper training or proficiency among the operators, operating these conditioning services can be risky. Also, the COVID-19 has affected the demand from various end-user industries, thus showcasing sluggish growth in the market.
The transient voltage surge suppressor is the most effective technology for power conditioning services and hence will be the largest shareholder in the market from 2021 to 2026. This technology is an easier and less pricy option for the end-users to condition their power systems. This technology enables the end-users to reduce the voltage levels of the shocks generated while using commercial power supplies. The transient voltage surge suppressors (TVSS) are majorly installed in the terminal ends of the systems, which are more vulnerable to high levels of strikes.
Power enhancers are the preferred option by the end-users in power conditioning services and hence will be the fastest growing segment in the power conditioning services market as per type outlook. These enhancers not only boost the incoming power supply but also provide a supplementary or additional power outlet in case of an outage in the system. It also maintain the fluctuation levels within limits and do not overburden the systems with tremendous pressure from shocks in the circuit.
Power synthesizers are also in demand but considerably less compared to the power enhancers and hence will be the second fastest growing segment in the market from 2021 to 2026. These synthesizers also enhance the power supply, although these usually have less effectiveness and efficiency than the enhancers and require tremendous maintenance.
As per the geographical analysis, the portable continuous positive airway pressure (CPAP) systems market can be classified into North America (the United States, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of the Middle East & Africa) and Central South America (Brazil, Argentina, and Rest of Central and South America. North American region have their hold on the power conditioning service market and are analyzed to dominate or have the highest market share from 2021 to 2026. This region continues to hold its position owing to the increasing number of power conditioning service providers and end-user industries. This region has also been one of the most significant adopters of technology and electricity in the growing automobile industry. The latest innovations in electric vehicles have also accelerated the demand for power conditioners in this region. Following the North American region, Europe is also one of the prominent players in the power conditioning market.
The Asia-Pacific region has witnessed tremendous industrial shortcomings and circuit fluctuations, causing damage to the capital invested and the systems installed. Also, to avoid causing harm to the operator from these high voltage fluctuations, the government in the APAC countries have implemented stringent rules to install power conditioning services in their systems, and hence this region will be the fastest growing segment in the market.
Fuji Electric, Rockwell, Interoll, ABB Ltd, Emerson Industrial automation, Echelon Corporation, Honeywell, and Acromag are some of the prominent industry players.
Please note: This is not an exhaustive list of companies profiled in the report.
In December 2018, Emerson Industrial automation launched the SolaHD MCR series that provides noise filtration and ensures damage control to the industries.
Chapter 1 Methodology
1.1 Market Scope & Definitions
1.2 Estimates & Forecast Calculation
1.3 Historical Data Overview and Validation
1.4 Data Sources
1.4.1 Secondary
1.4.2 Primary
Chapter 2 Report Outlook
2.1 Power Conditioning Services Industry Overview, 2020-2026
2.1.1 Industry Overview
2.1.2 Type Overview
2.1.3 Technology Overview
2.1.4 Regional Overview
Chapter 3 Power Conditioning Services Market Trends
3.1 Market Segmentation
3.2 Industry Background, 2020-2026
3.3 Market Key Trends
3.3.1 Positive Trends
3.3.1.1 Technology advancement in power conditioning services
3.3.2 Industry Challenges
3.3.2.1 Rise in power conditioning prices and dearth of qualified professionals
3.4 Prospective Growth Scenario
3.4.1 Type Growth Scenario
3.4.2 Technology Growth Scenario
3.5 COVID-19 Influence over Industry Growth
3.6 Porter’s Analysis
3.7 PESTEL Analysis
3.8 Value Chain & Supply Chain Analysis
3.9 Regulatory Framework
3.9.1 North America
3.9.2 Europe
3.9.3 APAC
3.9.4 LATAM
3.9.5 MEA
3.10 Technology Overview
3.11 Market Share Analysis, 2020
3.11.1 Company Positioning Overview, 2020
Chapter 4 Power Conditioning Services Market, By Type
4.1 Type Outlook
4.2 Standby Power System
4.2.1 Market Size, By Region, 2020-2026 (USD Million)
4.3 Autotransformer
4.3.1 Market Size, By Region, 2020-2026 (USD Million)
4.4 Harmonic Filter
4.4.1 Market Size, By Region, 2020-2026 (USD Million)
4.5 Isolation Transformer
4.5.1 Market Size, By Region, 2020-2026 (USD Million)
4.6 Transient Voltage Surge Suppressor
4.6.1 Market Size, By Region, 2020-2026 (USD Million)
4.7 Uninterruptable Power Supply
4.7.1 Market Size, By Region, 2020-2026 (USD Million)
Chapter 5 Power Conditioning Services Market, By Technology
5.1 Technology Outlook
5.2 Voltage Regulators
5.2.1 Market Size, By Region, 2020-2026 (USD Million)
5.3 Surge Suppressor
5.3.1 Market Size, By Region, 2020-2026 (USD Million)
5.4 Power Synthesizer
5.4.1 Market Size, By Region, 2020-2026 (USD Million)
5.5 Power Enhancer
5.5.1 Market Size, By Region, 2020-2026 (USD Million)
5.6 Motor Generator
5.6.1 Market Size, By Region, 2020-2026 (USD Million)
Chapter 6 Power Conditioning Services Market, By Region
6.1 Regional outlook
6.2 North America
6.2.1 Market Size, By Country 2020-2026 (USD Million)
6.2.2 Market Size, By Type, 2020-2026 (USD Million)
6.2.3 Market Size, By Technology, 2020-2026 (USD Million)
6.2.4 U.S.
6.2.4.1 Market Size, By Type, 2020-2026 (USD Million)
6.2.4.2 Market Size, By Technology, 2020-2026 (USD Million)
6.2.5 Canada
6.2.5.1 Market Size, By Type, 2020-2026 (USD Million)
6.2.5.2 Market Size, By Technology, 2020-2026 (USD Million)
6.3 Europe
6.3.1 Market Size, By Country 2020-2026 (USD Million)
6.3.2 Market Size, By Type, 2020-2026 (USD Million)
6.3.3 Market Size, By Technology, 2020-2026 (USD Million)
6.3.4 Germany
6.3.4.1 Market Size, By Type, 2020-2026 (USD Million)
6.3.4.2 Market Size, By Technology, 2020-2026 (USD Million)
6.3.5 UK
6.3.5.1 Market Size, By Type, 2020-2026 (USD Million)
6.3.5.2 Market Size, By Technology, 2020-2026 (USD Million)
6.3.6 France
6.3.6.1 Market Size, By Type, 2020-2026 (USD Million)
6.3.6.2 Market Size, By Technology, 2020-2026 (USD Million)
6.3.7 Italy
6.3.7.1 Market Size, By Type, 2020-2026 (USD Million)
6.3.7.2 Market Size, By Technology, 2020-2026 (USD Million)
6.3.8 Spain
6.3.8.1 Market Size, By Type, 2020-2026 (USD Million)
6.3.8.2 Market Size, By Technology, 2020-2026 (USD Million)
6.3.9 Russia
6.3.9.1 Market Size, By Type, 2020-2026 (USD Million)
6.3.9.2 Market Size, By Technology, 2020-2026 (USD Million)
6.4 Asia Pacific
6.4.1 Market Size, By Country 2020-2026 (USD Million)
6.4.2 Market Size, By Type, 2020-2026 (USD Million)
6.4.3 Market Size, By Technology, 2020-2026 (USD Million)
6.4.4 China
6.4.4.1 Market Size, By Type, 2020-2026 (USD Million)
6.4.4.2 Market Size, By Technology, 2020-2026 (USD Million)
6.4.5 India
6.4.5.1 Market Size, By Type, 2020-2026 (USD Million)
6.4.5.2 Market Size, By Technology, 2020-2026 (USD Million)
6.4.6 Japan
6.4.6.1 Market Size, By Type, 2020-2026 (USD Million)
6.4.6.2 Market Size, By Technology, 2020-2026 (USD Million)
6.4.7 Australia
6.4.7.1 Market Size, By Type, 2020-2026 (USD Million)
6.4.7.2 Market size, By Technology, 2020-2026 (USD Million)
6.4.8 South Korea
6.4.8.1 Market Size, By Type, 2020-2026 (USD Million)
6.4.8.2 Market Size, By Technology, 2020-2026 (USD Million)
6.5 Latin America
6.5.1 Market Size, By Country 2020-2026 (USD Million)
6.5.2 Market Size, By Type, 2020-2026 (USD Million)
6.5.3 Market Size, By Technology, 2020-2026 (USD Million)
6.5.4 Brazil
6.5.4.1 Market Size, By Type, 2020-2026 (USD Million)
6.5.4.2 Market Size, By Technology, 2020-2026 (USD Million)
6.5.5 Mexico
6.5.5.1 Market Size, By Type, 2020-2026 (USD Million)
6.5.5.2 Market Size, By Technology, 2020-2026 (USD Million)
6.5.6 Argentina
6.5.6.1 Market Size, By Type, 2020-2026 (USD Million)
6.5.6.2 Market Size, By Technology, 2020-2026 (USD Million)
6.6 MEA
6.6.1 Market Size, By Country 2020-2026 (USD Million)
6.6.2 Market Size, By Type, 2020-2026 (USD Million)
6.6.3 Market Size, By Technology, 2020-2026 (USD Million)
6.6.4 Saudi Arabia
6.6.4.1 Market Size, By Type, 2020-2026 (USD Million)
6.6.4.2 Market Size, By Technology, 2020-2026 (USD Million)
6.6.5 UAE
6.6.5.1 Market Size, By Type, 2020-2026 (USD Million)
6.6.5.2 Market Size, By Technology, 2020-2026 (USD Million)
6.6.6 South Africa
6.6.6.1 Market Size, By Type, 2020-2026 (USD Million)
6.6.6.2 Market Size, By Technology, 2020-2026 (USD Million)
Chapter 7 Company Landscape
7.1 Competitive Analysis, 2020
7.2 Fuji Electric
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Strategic Positioning
7.2.4 Info Graphic Analysis
7.3 Rockwell
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Strategic Positioning
7.3.4 Info Graphic Analysis
7.4 Interoll
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Strategic Positioning
7.4.4 Info Graphic Analysis
7.5 ABB Ltd
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Strategic Positioning
7.5.4 Info Graphic Analysis
7.6 Emerson Industrial automation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Strategic Positioning
7.6.4 Info Graphic Analysis
7.7 Echelon Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Strategic Positioning
7.7.4 Info Graphic Analysis
7.8 Honeywell
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Strategic Positioning
7.8.4 Info Graphic Analysis
7.9 Acromag
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Strategic Positioning
7.9.4 Info Graphic Analysis
7.10 Other Companies
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Strategic Positioning
7.10.4 Info Graphic Analysis
The Global Power Conditioning Services Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Power Conditioning Services Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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