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We expect the global voltage regulators market to exhibit a CAGR of 5% during 2022-2027.
Rapid industrialization along with the increasing demand for electricity generation and transmission infrastructures represent some of the factors catalyzing 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.
Based on the topology, the global voltage regulators market can be bifurcated into electro-mechanical voltage regulation, electronic tap-switching voltage regulation, and ferro-resonant voltage regulation.
Based on the type, the global voltage regulators market has been divided into linear voltage regulator and switching voltage regulator.
Based on the end use industry, the global voltage regulators market can be segmented into electronics, power transmission and distribution, automotive, industrial automation, and others.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global voltage regulators market include 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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