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Now that we understand the basics of surge protection, we can move on to the discussion of Power Conditioners. A Power Conditioner is a special type of power strip that not only protects against electrical surges by regulating voltage, but much like how a water filter removes impurities from your drinking water, a Power Conditioner is specially created to "clean" your power source, providing a more consistent, "softer" current to your connected devices. Generally this is achieved through a combination of a voltage regulator and at least one other function to improve power quality, such as noise suppression or transient impulse protection. By creating a cleaner power supply, your devices will be able to operate more efficiently with less wear and tear on their internal circuitry.
There is no one true definition of what Power Conditioning is, as there are different types for different scenarios and different price ranges. For example, while Phillips makes a basic power conditioning strip that retails for about $35, a higher end Monster Cable or some other premium brand will likely cost upwards of $100. Most commonly, power conditioning is utilized (and highly recommended) for home theater setups, as most modern flat screen TVs do perform better and longer when the power source is regulated and conditioned. Also frequently, audio power conditioners are equipped with surge protection and an electronic filter and surge protection, but not a voltage regulator, as audio quality is affected by unwanted frequency, but not as much by minor fluctuations in voltage.