Voltage Regulators Market By Product Type (Tap-switching, Ferroresonant, Electronic) By Application (Commercial, Industrial, Residential) and Region - Global Forecast to 2026

The Voltage Regulators Market Report offers in-depth insights, revenue details, and other vital information regarding the global voltage regulators market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.

The Voltage Regulators Market report includes PEST analysis, Porter’s Five Forces analysis, and opportunity map analysis for an in-depth understanding of the market.

The Voltage Regulators Market report offers insightful and detailed information regarding the various key players operating in the global voltage regulators market, their financials, technological innovations, and key developments, apart from future strategies, SWOT analysis, acquisitions & mergers, and market footprint.

The global voltage regulators market is segmented on the basis of product type, application, and region.

Voltage Regulators Market Overview:

“The Voltage Regulators Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Voltage regulators is an electronic circuit, which maintains constant voltage output in spite of changes within some specified limits in the load current, input voltage, temperature, etc.

Voltage Regulators Market Dynamics:

The increasing adoption of voltage regulators in automotive and electronic applications is a major factor driving the growth of the global voltage regulators market.

In addition, rapid development in automotive and electronics industries, owing to the convergence of various technologies, coupled with a growing inclination towards the use of smart electronic devices is another factor driving the growth of the global voltage regulators market.

According to the International Organization of Motor Vehicle Manufacturers (OICA), the production volume of vehicles in China was 28,118,794 in 2016 and this increased to 29,015,434 in 2017, registering a growth of 3.1% as compared to the previous year.

Moreover, the rising demand for electricity from industrial and residential sectors is another factor expected to fuel the growth of the global market to a significant extent over the forecast period.

In an electric power distribution system, voltage regulators are installed at substations or along distribution lines so that end-users receive steady voltage, independent of how much power is drawn from the line.

Increasing vehicle sales as well as rising government initiatives to promote the adoption of electric vehicles in various countries such as China, Japan, India, etc., in the Asia Pacific region are expected to present revenue opportunities for various major voltage regulators manufacturers during the next five years.

Leading manufacturers have a strong presence in markets in Europe and the US, and can exploit potential market opportunities in the Asia Pacific as a result of the above-mentioned factors.

Analysis by Product Type:

Among all product type segments, the tap-switching product type segment is estimated to account for the highest share in 2018 in the global voltage regulators market.

This dominance can be attributed to the increasing adoption of tap switches to block bidirectional voltages coupled with the availability of various types of tap switches.

The tap-switching product type segment is expected to register a CAGR of over 4% in the global market over the forecast period.

The electronic product type segment is expected to register a CAGR of over 4% in the global market over the forecast period.

Analysis by Application:

Among all application segments, the commercial application segment is estimated to account for the highest share in 2018 in the global voltage regulators market.

The commercial application segment is expected to register a CAGR of over 4% in the global market over the forecast period.

The industrial application segment is estimated to account for a significant share in terms of revenue in the global market and is expected to register a CAGR of over 4% in the global market over the forecast period.

Analysis by Region:

The North American market is estimated to account for a revenue share of over 20% in the global voltage regulators market terms revenue.

Increasing spending on transmission infrastructural activities coupled with rising demand for voltage regulators from the commercial sector is a major factor driving the growth of the North American voltage regulators market.

In addition, rapid urbanization and increasing initiatives by governments towards the deployment of electric power distribution infrastructure for electrification of suburban, and rural areas is another factor expected to drive the growth of the North American market to a significant extent.

For instance, on 17 July 2018, the U.S. Department of Energy (DOE) issued its first loan guarantee solicitation for the Tribal Energy Loan Guarantee Program (TELGP) under DOE’s Loan Programs Office, which will help to provide a US$ 2 Bn partial loan guarantees to support economic opportunities for Native America and Alaska Native communities through energy development projects and activities.

The market in Europe is estimated to account for a considerable share of the global voltage regulators market and is expected to witness significant growth in terms of revenue in the global market over the forecast period.

The presence of prominent voltage regulator manufacturers in countries in this region is a major factor driving the growth of the Europe voltage regulators market.

The market in the Asia Pacific is estimated to account for the highest revenue share in the global voltage regulators market.

The Asia Pacific market is expected to maintain its dominance in terms of revenue contribution in the global market over the forecast period and is expected to witness significant growth in terms of revenue.

The Asia Pacific voltage regulators market is projected to register a CAGR of over 4.2% in the global market over the forecast period. Increasing production of passenger vehicles in economies such as India, China, and Australia is a major factor expected to boost demand for voltage regulators in this region.

For instance, in 2016, according to a report published by the Indian Brand Equity Foundation, the number of automobiles manufactured in India was 24.0 Mn, which increased to 25.3 Mn in 2017 and is projected to reach 29.0 Mn by 2018 end.

In addition, the increasing deployment of power distribution systems in countries such as India, Thailand, etc. is another factor fueling the growth of the Asia Pacific voltage regulators market.

The Latin American market is estimated to account for a moderate share of the global market and is expected to register a CAGR of over 4% in the global market over the forecast period.

Increasing focus on the expansion of electric grids by governments in countries in the region, for providing access to electricity in rural areas, is a factor expected to fuel the growth of the Latin America voltage regulators market.

In 2016, Latin America Power started the operation of hydroelectric plants at Carilafquén and Malalcahuello, with a power generating capacity of 29 MW.

The Middle East & Africa voltage regulators market is expected to witness the highest growth in terms of revenue and is projected to register a CAGR of over 4.5% in the global market over the forecast period.

Voltage Regulators Market Segmentation:

Segmentation on the basis of product type:

• Tap-switching
• Ferroresonant
• Electronic

Segmentation on the basis of application:

• Commercial
• Industrial
• Residential

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa