Power Conditioning Services Market Growth and Forecast 2014-2020

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Category: Business and Industry

Date Submitted: 10/10/2016 05:31 AM

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Power conditioning services are the services which delivers the protection against the power quality problems. The power quality problems may include problems like brownouts, power impulses, waveform distortion, swells, Sag, interruptions, voltage fluctuations, frequency variations etc. The power conditioner maintains the quality of the equipment in order to increase their efficiency and effectiveness. Power conditioning can reduce hard disk failures and data corruption problem up to 80%. Use of renewable energy resources is new trend in power conditioning service market. Globally, around 40% to 50% of the power conditioning services companies are now focusing on using renewable energy resources, such as solar energy and wind energy.

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...