This page shows both AC and DC Power Conditioners
Typically all AC Line Conditioners have a front end section devoted to overload conditions using fuses or breakers.
The next section or several sections are for Spike removal using MOVs (Metal Oxide Varistors) that clip high voltage spikes off.
They also include a series of Torroid Inductors that limit surge currents and these also act as the high impedance section of the last section that has AC Capacitors which are used for high frequency filtering. Typically radio frequency interference that gets coupled into AC Power. This can come from welders, RTs and other devices.

