Global Automatic Voltage Stabilizer Market is expected to foresee significant growth. APAC to lead the growth!
- Vikas Kumar
- November 19, 2022
- ELECTRONICS & SEMICONDUCTOR, NEWS
- Automatic Voltage Stabilizer Market, Automatic Voltage Stabilizer Market forecast, Automatic Voltage Stabilizer Market Growth, Automatic Voltage Stabilizer Market news, Automatic Voltage Stabilizer Market Share, Automatic Voltage Stabilizer Market Size, Automatic Voltage Stabilizer Market Trend
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An automatic voltage stabilizer is also called a voltage regulator or automatic voltage stabilizer that stabilizes the main supply voltage of a load as well as it is the features of interactive uninterruptible power supply and protects against power problems such as sags, surges, and brownouts. In recent years, the automatic voltage stabilizer has witnessed significant demand due to the increasing demand for the constant voltage supply to a load at its output terminal regardless of any fluctuation or change in input or incoming supply. Also, the automatic voltage stabilizer is used to protect electronic devices such as TV, AC, refrigerators, and others against the uneven flow of voltage.
The Automatic Voltage Stabilizer Market is expected to grow at a steady rate of around 4% during the forecast period (2022-2028) owing to increasing urbanization coupled with the requirement for a constant voltage supply to protect the equipment/gadgets against the uneven flow of electricity. Major companies in the market offer automatic voltage stabilizer with technologically advanced features. For instance, Luminous offers a microprocessor-based automatic voltage stabilizer enabled with an i-start feature & DGR technology that can function on an inverter and generator as well.
For a detailed analysis of the Global Automatic Voltage Stabilizer Market browse through – https://univdatos.com/report/automatic-voltage-stabilizer-market/
Based on type, the market is segmented into single-phase and three-phase. The single-phase automatic voltage stabilizer is expected to witness significant CAGR during the forecast period owing to the higher contribution of residential and commercial equipment such as AC, refrigerators, and other appliances. Also, the single-phase is suitable for low power supply and for small loads and its ability to maintain the power supply through one conductor.
Based on application, the automatic voltage stabilizer market has been classified into the commercial, residential, and industrial segments. The residential segment is expected to witness significant market growth during the forecast period owing to the requirement for the continuous flow of electricity and to avoid power failure due to the associated fluctuation in the input and output power supply. Also, ensuring human safety and enhancing the longevity of the appliance along with cost-effectiveness is expected to support the market growth for the residential segment.
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For a better understanding of the market adoption of the Automatic Voltage Stabilizer industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing demand for electricity by individuals and industries backed by growing disposable income and surging per capita spending of individuals in the emerging economies of the region is driving the growth of the market. Additionally, the growing population and infrastructural development in the region will create a demand for automatic voltage stabilizers. Moreover, the development of a new grid power system and aging power infrastructure, and associated overloading and fluctuation in the current flow at grid infrastructure will increase the demand for the automatic voltage stabilizer. Also, the increasing investment and research & development activities to provide technologically advanced products such as the incorporation of microprocessors, and control circuit units among others will propel the market growth in the future.
Some of the major players operating in the market include ABB Ltd., General Electric Co, Ashley Edison International Ltd., Schneider Electric SE, Voltas Ltd., Eaton Corp. Plc, Siemens AG, ACUPWR, Watford Control Instruments Ltd., and V-Guard Industries Ltd.
Global Automatic Voltage Stabilizer Market Segmentation
Market Insight, by Type
Market Insight, by Application
Market Insight, by Region
- North America
- The United States
- Rest of North America
- The United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- ABB Ltd.
- General Electric Co
- Ashley Edison International Ltd.
- Schneider Electric SE
- Voltas Ltd.
- Eaton Corp. Plc
- Siemens AG
- Watford Control Instruments Ltd.
- V-Guard Industries Ltd.