Global Voltage Regulators Market Status and Prospect, Forecast 2018 to 2026
Voltage regulators are frequently being installed for energy saving for an extended period. A dedicated energy optimization equipment regulates voltage between transmitting and receiving point of an instrument so that it operates at a predefined bandwidth. Voltage regulators don’t require monitoring or maintenance and are operative for long term without replacement. Increasing adoption of voltage regulators in electrical circuits is expected to drive growth of global voltage regulators market.
The low-cost and small size of voltage regulators is the primary factor driving growth of this market. Leading market players are carrying out R&D activities to decrease the size of voltage regulators and produce better performance. The chip manufacturers are also designing small size voltage regulators to get optimum power supply. Moreover, reduction in the size of voltage regulators will promote its use in devices like solar & wind systems, battery-operated electronic devices, wireless communication devices, and automotive electronics to ensure optimal performance in situations of fluctuation, surge, or sag in voltage.
Increasing consumer awareness regarding benefits of the voltage regulating technologies and its applications will aid growth of the global voltage regulator market. Adoption of advanced technology to eliminate distribution and transmission losses will further create growth opportunities for this market. To install or upgrade brand-new or existing transmission and distribution (T&D) systems, governments in developed and developing countries are taking prominent initiatives.
The global voltage regulators market report has been segmented on the basis of application and region. On the basis of region, the global voltage regulators market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Asia Pacific market is a major revenue contributor to the global voltage regulators market throughout the forecast period owing to rising demand for optimum utilization of energy resources for electricity. In addition, governments in emerging markets such as China and India are in continuous pursuit of modernizing their power networks and promoting smart grid infrastructure to fulfill the requirement for electricity. The increasing demand for voltage regulators in automotive and electronic applications is expected to drive growth of voltage regulator market globally during the forecast period.
Key players operational in the global market include Siemens AG, Eaton Corporation PLC., ABB Ltd., General Electric Company, Howard Industries, Inc., Toshiba Corporation, Schweitzer Engineering Laboratories, Inc., Schneider Elektrotechnik GmbH, Belotti S.R.L., and Mitsubishi Electric Corp.
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