Power Conditioning Services Market Trends, Forecast, and Analysis by Future Market Insights 2014 - 2020
The power conditioning services have several application such as AC conditioner, conditioner for computers, Automobiles, etc. The power transistor is the key application of power conditioning as it has unique method of electricity generation, storage and uses. Various technologies are used in power conditioning services for instance; autotransformer, inverter, buck boost transformer, battery, isolation transformer etc. Power semiconductor is a very popular device utilized for power conditioning. The power semiconductor market increased by 5.9% between the year 2012 and 2013. Also the need of power semiconductor for automobiles, major appliances, and industrial equipment is expected to drive the power semiconductor market to reach around US$ 29 billion to US$ 30 billion by 2020. Europe and America region are the leading market, whereas Asean region is the emerging market for power conditioning services.
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The power conditioning services can be segmented on the basis of technology and on the basis of its types. By technology it can be segmented as standby power system, Autotransformer, harmonic filter, isolation transformer, transient voltage surge suppressor, uninterruptable power supply. And by types can be segmented as Voltage regulators, surge suppressor, Power synthesizer, Motor generator, Power enhancer.
The markets for power conditioning are estimated to continue strong growth rates because of the strengthening global economy. Currently, Power conditioning services are showing rapid growth in a global market and the factors which enhance the growth of power conditioning services are, increase in the demand of long lasting and high quality power equipment, demand of power conditioning from utility and industrial end user, investment of companies in the latest electronic equipment to provide quality products and services and lot more. Nevertheless, the power conditioning services come across the challenges such as high cost of power conditioning and lack of trained professionals and therefore many companies are now focusing on giving training to the employees. The market for power conditioning has grown up greatly over past few years because of the amplified dependency upon the sensitive microprocessor-based applications. These microprocessor based application source power quality problems such as sags, harmonic distortion, brownouts, surges, etc.
Some of the major key players in power conditioning services market are, ABB ltd, Honeywell, Echelon Corporation, Rockwell, Interoll, Acromag, Fuji Electric, Emerson Industrial automation, etc.
These companies provide several types of products which provide power conditioning services such as voltage conditioner, reactive power conditioner, static frequency converter, MCR Portable Series which provides excellent noise filtering, CVS Series power conditioners which are very much active against power quality troubles and lot more other products like these. The ABB ltd has a variety of power protection products and the PCS100 Reactive Power Conditioner (RPC) is the latest power conditioning product of this company. AS a matter of fact it is very important to protect equipment from power-line disturbances because it can result in production and revenue losses. The power conditioner has number of benefits like better audio sound, filtration of incoming AC power, improvement in the performance of equipment, increased prolonged existence of components and many more.
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These key players device many strategies to be competitive in power conditioning market and few of them are, use of advanced technologies like autotransformer, provision of services which causes increased productivity and increased life span of equipment, innovative services, reliable solutions for power quality problems, merger and acquisitions for instance; ABB acquired Spirit IT of Eindhoven, Netherlands etc.
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