Automatic Voltage Stabilizer Market: Current Analysis and Forecast (2022-2028)
Emphasis on Type (Single Phase and Three Phase); Application (Commercial, Residential, and Industrial); and Region/Country
Global Automatic Voltage Stabilizer Market is expected to grow at a significant rate of around 4% during the forecast period. 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 has a wide input voltage window (-40/20%) so that in case of lower supply voltage the automatic voltage stabilizer uses a transformer to boost the output voltage and in case of higher voltage supply the automatic voltage stabilizer reduced the voltage up to required operating range.
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. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, single-phase category to witness higher CAGR during the forecast period”
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. However, the share for a three-phase automatic voltage stabilizer is also expected to register significant growth due to its ability to deal with the greater voltage load.
“Amongst application, the residential segment to hold a significant share in the market in 2020”
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.
“Asia-Pacific to hold a significant share in the market”
In 2020, Asia-Pacific held a significant share of the global automatic voltage stabilizers market. 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.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global automatic voltage stabilizer market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Automatic Voltage Stabilizer Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global automatic voltage stabilizer market were the three major steps undertaken to create and analyze the adoption of automatic voltage stabilizers in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global automatic voltage stabilizer market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the automatic voltage stabilizer market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the automatic voltage stabilizer market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the automatic voltage stabilizer market. Further, we conducted factor analysis using dependent and independent variables such as various types and applications of automatic voltage stabilizers. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the automatic voltage stabilizer market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global automatic voltage stabilizer market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the automatic voltage stabilizer market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global automatic voltage stabilizer market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global automatic voltage stabilizer market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and application in the global automatic voltage stabilizer market.
The main objective of the Global Automatic Voltage Stabilizer Market Study
The current & future market trends of the global automatic voltage stabilizer market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the automatic voltage stabilizer market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type and application.
- Define and analysis of the regulatory framework for the automatic voltage stabilizer
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the automatic voltage stabilizer market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the automatic voltage stabilizer market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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