Voltage regulators are used for maintaining a constant voltage level to avoid damage to a device from varying voltage. The compulsion of voltage regulation is one of the major factors supporting the voltage regulator market's growth. The voltage regulator market is highly fragmented with the presence of a large number of players operating in the market. One of the major challenge faced by companies in the voltage regulator market is non-uniform standards across the world.
MARKET SCOPE
The "Global Voltage Regulators Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the voltage regulators market with detailed market segmentation by type, phase, end-use, and geography. The report provides key statistics on the market status of the leading voltage regulators market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global voltage regulators market is segmented into ferroresonant and tap-switching.
- On the basis of phase, the market is segmented into single phase and three phase
- Based on end-use, the market is segmented into residential, industrial, and commercial.
MARKET DYNAMICS
Drivers:
- Growing power demand and increasing focus towards reducing the impact of varying voltage in an electronic device are the major factors supporting the voltage regulators market's growth.
- The APAC is expected to grow at a high CAGR in the voltage regulators market. The up-gradation of aged distribution networks and increasing focus towards improving distribution grids' efficiency are creating business opportunities for the companies operating in the market.
Restraints:
- The high capital investment might hinder the growth of the voltage regulators market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The voltage regulators market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the voltage regulators market in these regions.
IMPACT OF COVID-19 ON VOLTAGE REGULATORS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the voltage regulators market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from voltage regulators market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the voltage regulators market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ABB Ltd.
- Belotti s.r.l.
- Eaton Corporation PLC.
- General Electric Company
- Infineon Technologies AG
- J. Schneider Elektrotechnik GmbH
- Maschinenfabrik Reinhausen GmbH
- Schweitzer Engineering Laboratories, Inc.
- Siemens AG
- Toshiba Corporation