What is Voltage Stabilizer?
Over the past couple of decades, industrial automation & building automation has reflected significant growth from the developing regions, this has led consumers to adopt a number of automated electronics devices which is being attributable to increasing applications and need for voltage stabilizers. In addition to this, untapped power transmission, as well as power distribution requirements in emerging economies including India, China, South Africa, Russia, and Brazil will create vigorous opportunities in voltage stabilizer business growth. Voltage stabilizers which can also be known as voltage regulators are used to provide a stable and constant voltage supply automatically for voltage sensitive electrical gadgets. Thus, these stabilizers prevent electronics gadgets from any kind of damage due to voltage fluctuations. Voltage regulators are primarily used in regulating both DC and AC voltage supplies.
The market study is broken down by Type (AC Voltage Stabilizer and DC Voltage Stabilizer), by Application (Building Automation, HVAC system, Industrial (Other Power), Power Transmission and Distribution System, Communication System, Consumer Electronics and Others) and major geographies with country level break-up. and may see market size of USD4.27 Billion by 2026.
The Players having a strong hold in the market are Siemens AG, Voltas Limited, V-Guard Industries, EREMU S.A., and ABB Ltd.. Analysts at AMA Research estimates that Players from United States and Japanese will contribute to the maximum growth of Global Voltage Stabilizer market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens AG (Germany), Voltas Limited (India), V-Guard Industries (India), EREMU S.A. (Spain), ABB Ltd. (Switzerland), General Electric (United States), Maschinenfabrik Reinhausen (Germany), Eaton Corporation (United States), Howard Industries (United States) and Toshiba Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Basler Electric (United States), J. Schneider Elektrotechnik GmbH (Germany), SL Industries, Inc. (United States), Belotti S.R.L. (Italy), Daihen Corporation (Japan), Tebian Electric Apparatus Co. Ltd. (China) and Utility Systems Technologies Inc. (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Voltage Stabilizer market by Type, Application and Region.
On the basis of geography, the market of Voltage Stabilizer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2020. If we see Market by Phase, the sub-segment i.e. Single Phase will boost the Voltage Stabilizer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Controller, the sub-segment i.e. Servo will boost the Voltage Stabilizer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 06th July 2017, ABB has acquired B&R (Bernecker + Rainer Industrie-Elektronik GmbH) which is the largest independent provider focused on product- and software-based, open-architecture solutions for machine and factory automation worldwide. This acquisition has enabled ABB to create a uniquely comprehensive automation portfolio for global consumers.
On April 30, 2019, Norway's largest grid company 'Hafslund Nett' has contracted Siemens to supply a new Advanced Distribution Management System (ADMS) for the operation of the regional power grid in Akershus, Oslo, and Ostfold. It will provide reliable energy supply for 1.5 million people. It will also allow easy integration of third-party IT/OT systems, such as customer information systems, workforce management or geographical information systems. The project is expected to be operational at the beginning of 2022.
Market Trend
- Growing Demand for Automatic Voltage Stabilizers
- Increasing Adoption of Portable Voltage Regulators in Voltage Sensitive Electronic Gadgets
Market Drivers
- Growing Adoption of Voltage Stabilizers in Building and Industrial Automation
- Increasing Disposable Incomes and Global Spending on Consumer Electronics
Opportunities
- Increasing Demand from Heating, Ventilation, and Air Conditioning (HVAC) Systems
- Rising Awareness about Safety and Security of Electronic Gadgets
Restraints
- Minimum Speed of Response in Moving State Electronic Gadgets as compared to Stable Designs
- Significant Maintenance Cost required for Large Voltage Regulators
Challenges
- Growing Advancements in Minimizing Voltage Fluctuations might Hamper the Demand
- Stringent Environmental Regulations for E-waste Management
Key Target Audience
Voltage Stabilizer Manufacturers, Voltage Stabilizer Distributors and Traders, Electronic Appliance Importers and Exporters, Consumer Electronic Industry Associations, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.