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. 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.
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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.
According to UnivDatos Market Insights (UMI)’ research report “Global Automatic Voltage Stabilizer Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the growing demand for uniform electricity flow and the aging infrastructure of the grids.
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.
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Based on the 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.
APAC to witness extensive growth
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 the 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.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the automatic voltage stabilizer market are 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” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
Market Segmentation:
1. By Type (Single-Phase and Three Phase)
2. By Application (Commercial, Residential, and Industrial)
3. By Region (North America, Europe, Asia-Pacific, Rest of the World)
4. By Company (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.)
Key questions answered in the study:
1. What are the current and future trends of the global automatic voltage stabilizer industry?
2. How the industry has been evolving in terms of type and application?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global automatic voltage stabilizer industry?
5. What is the customer orientation, purchase behavior, and expectations from the global automatic voltage stabilizer suppliers across various region and countries?
