The global voltage regulators market grew at a CAGR of around 5% during 2014-2019. A voltage regulator refers to a mechanical device that provides fixed and constant voltage output despite fluctuating load or input voltage. Two of the most commonly used voltage regulators include linear and switching regulators. Linear regulators, such as series and shunt regulators, automatically adjust the resistance through a feedback loop to maintain the output voltage. On the other hand, switching regulators, such as step-down and inverter voltage regulators, use a switching element to transform the current into a pulsed voltage. These regulators offer various advantages, such as low output ripple voltage, fast response time to load or change lines and minimal magnetic interference and noise. As a result, they find extensive applications in the manufacturing of computers, alternators, power generators and alternate or direct (AC/DC) regulators.
Rapid industrialization, especially in developing economies, and the increasing demand for power and electricity from the residential and commercial sectors, represent as the key factors driving the growth of the market. Voltage regulators are installed in substations and distribution lines to provide steady voltage and ensure uninterrupted power supply. Furthermore, the increasing demand for consumer electronics and automobiles that use voltage regulators in smart electronic devices is also driving the market growth. Additionally, various technological advancements, such as the development of electronic voltage regulators, are acting as other growth-inducing factors. Electronic variants have a stable voltage source that blocks the ripple voltage and consist of additional circuits for protection from short circuits, thermal shutdowns and overvoltage. Other factors, including the installation of new and upgradation of existing energy transmission and distribution (T&D) networks, along with the implementation of favorable government policies for voltage regulation, are anticipated to drive the market further. Looking forward, IMARC Group expects the global voltage regulators market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global voltage regulators market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, topology, type and end use industry.
Breakup by Topology:
Breakup by Type:
Breakup by End Use Industry:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd., Analog Devices Inc., Eaton Corporation Inc., General Electric Company, Howard Industries Inc., Infineon Technologies AG, J. Schneider Elektrotechnik GmbH, NXP Semiconductors NV, Schweitzer Engineering Laboratories Inc., Siemens AG, STMicroelectronics SA, Texas Instruments Incorporated and Toshiba Corporation.
The global voltage regulators market was worth around US$ 2.10 Billion in 2020.
According to the estimates by IMARC Group, the global voltage regulators market is expected to witness a CAGR of 5.46% from 2021 to 2026.
Rapid industrialization along with the increasing demand for electricity generation and transmission infrastructures represent some of the key drivers for the global voltage regulators market.
The emergence of electronic voltage regulators that blocks the ripple voltage and consist of additional circuits for protection against short circuits, represents one of the key trends in the global voltage regulators market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units of voltage regulators.
On the basis of the topology, the market has been bifurcated into electro-mechanical voltage regulation, electronic tap-switching voltage regulation, and ferro-resonant voltage regulation. Among these, electronic tap-switching voltage regulation holds the largest market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global voltage regulators market are ABB Ltd., Analog Devices Inc., Eaton Corporation Inc., General Electric Company, Howard Industries Inc., Infineon Technologies AG, J. Schneider Elektrotechnik GmbH, NXP Semiconductors NV, Schweitzer Engineering Laboratories Inc., Siemens AG, STMicroelectronics SA, Texas Instruments Incorporated, and Toshiba Corporation.
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