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The automatic voltage stabilizer market is projected to grow by USD 4.59 billion with a CAGR of 4.52% during the forecast period 2021 to 2026.
This automatic voltage stabilizer market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automatic voltage stabilizer market segmentation by type (single phase automatic voltage stabilizers and three phase automatic voltage stabilizers), application (commercial, industrial, and household), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The automatic voltage stabilizer market report also offers information on several market vendors, including ABB Ltd., ACUPWR, Ashley Edison International Ltd., Control Technologies, Eaton Corp. Plc, Eremu SA, Foshan Unipower Electronic Co. Ltd., General Electric Co, GERMAREL GmbH, Maschinenfabrik Reinhausen GmbH, Microtek International Pvt. Ltd., Schneider Electric SE, Servokon System Ltd., Siemens AG, Statron AG, Torytrans SL, V Guard Industries Ltd., Voltas Ltd., Watford Control Instruments Ltd., and Wenzhou Modern Group Co. Ltd. among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the automatic voltage stabilizer market. During the COVID-19 pandemic, the automatic voltage stabilizer market demand has been impacted greatly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Automatic Voltage Stabilizer Market Driver
Increasing penetration of Industry 4.0 across the globe is one of the key drivers supporting the automatic voltage stabilizer market growth. The adoption of Industry 4.0 is gaining traction in industries such as food and beverage, oil and gas, paper, pharmaceuticals, and others. Process automation is also penetrating several industries, as it involves less manual intervention and ensures higher throughput, efficiency, reliability, and safety. Voltage stabilizers form the core component of any smart industrial equipment, as their discrete solutions offer the desired functionality to the equipment. Thus, as Industry 4.0 continues to penetrate deeper into different industry verticals, the market is expected to witness positive growth during the forecast period.
Key Automatic Voltage Stabilizer Market Trend
Growth in cross-border electricity trading is one of the key automatic voltage stabilizer market trends contributing to the market growth. The benefits of cross-border electricity trading are encouraging many governments to opt for this solution. For instance, India has strengthened its position as an electricity exporting nation and exports electricity to Nepal, Bangladesh, and Myanmar. Also, in March 2019, the Central Electricity Regulatory Commission (CERC), a key regulator in the power sector in India, framed new regulations that enable the seamless cross-border trade of electricity. This will lead to increased demand for electrical equipment such as automatic voltage stabilizers in India during the forecast period.
Key Automatic Voltage Stabilizer Market Challenge
The threat from refurbished and counterfeit products is one of the key factors hindering the automatic voltage stabilizer market growth. Counterfeit components in electrical equipment, such as automatic voltage stabilizers, pose a threat to market growth as well as to the safety of end-users. The risk of using these products is higher in places where there are no regulations pertaining to the use of manufacturing standards, and end-users are extremely price-sensitive. Products that have been disposed of by original users find acceptance in such markets. Some of these products also find applications in highly regulated markets, as most buyers are unable to differentiate between genuine and counterfeit products. Thus, the use of such products poses a serious threat to the growth of the market during the forecast period.
This automatic voltage stabilizer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global automatic voltage stabilizers (AVS) market as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automatic voltage stabilizer market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the automatic voltage stabilizer market encompasses successful business strategies deployed by the key vendors. The automatic voltage stabilizer market is fragmented, and the vendors are deploying growth strategies such as investing in R&D to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The automatic voltage stabilizer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our In-house experts produce extensive information on the value chain and parent market of the automatic voltage stabilizer market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
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38% of the market’s growth will originate from APAC during the forecast period. China is the key market for the automatic voltage stabilizer market in APAC. Market growth in this region will be slower than the growth of the market in Europe.
Rising disposable income and growing middle-class population will facilitate the automatic voltage stabilizer market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 led to a decline in demand for AVS in APAC. However, in 2021, the successful vaccination campaigns conducted across the region, as well as an increase in investment inflows from various sources into end-user industries, led to the reopening of end-user manufacturing plants across the region. All these factors are expected to contribute to the growth of the market during the forecast period.
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The automatic voltage stabilizer market share growth in the single-phase automatic voltage stabilizers segment will be significant during the forecast period. Air conditioners (AC), refrigerators, kitchen chimneys, and other sensitive and expensive appliances require voltage stabilization to regulate the voltage output effectively without being damaged by an unexpected change in voltage or fluctuations. As a result, the growing use of such devices in commercial and residential establishments drives the demand for single-phase AVS for effective voltage stabilization, thereby fueling the demand over the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automatic voltage stabilizer market size and actionable market insights on the post-COVID-19 impact on each segment.
Automatic Voltage Stabilizer Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 4.52% |
Market growth 2022-2026 |
$4.59 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.95 |
Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 38% |
Key consumer countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
ABB Ltd., ACUPWR, Ashley Edison International Ltd., Control Technologies, Eaton Corp. Plc, Eremu SA, Foshan Unipower Electronic Co. Ltd., General Electric Co, GERMAREL GmbH, Maschinenfabrik Reinhausen GmbH, Microtek International Pvt. Ltd., Schneider Electric SE, Servokon System Ltd., Siemens AG, Statron AG, Torytrans SL, V Guard Industries Ltd., Voltas Ltd., Watford Control Instruments Ltd., and Wenzhou Modern Group Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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