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The automatic voltage stabilizer market size is estimated to grow by USD 4.53 billion at a CAGR of 4.5% between 2023 and 2028. The construction industry is experiencing significant growth due to several key drivers. Firstly, the increasing penetration of Industry 4.0 globally is leading to the adoption of advanced technologies such as Building Information Modeling (BIM), automation, and robotics in construction projects. Secondly, the number of residential and commercial building projects is on the rise, fueled by population growth and urbanization. Lastly, market players are investing heavily in research and development (R&D) to innovate and improve construction processes, materials, and technologies. The processor in electronic devices must be designed to handle varying AC voltages to ensure stable and efficient operation across different power sources. This trend is expected to continue, driving growth in the construction industry and creating new opportunities for businesses.
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The market is a significant segment of the electrical systems industry, focusing on maintaining stable voltages for electrical equipment and appliances. Voltage fluctuations due to power surges, load demand fluctuations, and grid overload can negatively impact the performance and lifespan of electronic devices. AVS systems employ microprocessor-based technology, bypass mechanisms, overload prevention, and surge protection to regulate AC and DC voltages. These devices are essential for various applications, including electrical goods in smart cities and industrial processes. The AVS market is driven by the increasing demand for reliable power supply and the growing usage of sensitive electronic devices. The market is segmented into electronic voltage regulators, processor-based voltage regulators, and electromechanical voltage regulators. Major players in the market include companies specializing in electrical equipment manufacturing and power supply solutions. AVS systems are designed with negative feedback and feed-forward architecture to ensure accurate voltage regulation. The market's growth is further propelled by the integration of electronic parts in various applications, necessitating the need for advanced voltage regulation solutions. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing penetration of Industry 4.0 globally is notably driving market growth. The market is witnessing significant growth due to the increasing adoption of Industry 4.0 in various industries worldwide. Industry 4.0, a concept that prioritizes industrial manufacturing units' efficiency, safety, and predictive maintenance, is gaining traction in sectors such as food and beverage, oil and gas, paper, pharmaceuticals, and others.
Furthermore, with the implementation of Industry 4.0 guidelines, process automation is becoming increasingly prevalent, reducing human intervention and ensuring higher throughput, efficiency, reliability, and safety. AVS plays a crucial role in industrial automation as it provides the desired voltage stability to smart industrial equipment. These reports emphasize the market's potential growth drivers, challenges, and opportunities. Thus, such factors are driving the growth of the market during the forecast period.
Growth in cross-border electricity trading is the key trend in the market. In the context of cross-border electricity trading, transactions predominantly occur with adjacent jurisdictions that are interconnected through an electrical transmission grid. The escalating urbanization and population growth are fueling a substantial surge in electricity demand.
However, several countries, including Bangladesh, Nepal, and Myanmar, face power generation capacity constraints, leaving millions of their residents without electricity access. For instance, as per The World Bank Group's recent data, approximately 11% of Bangladesh's population and over 23% of Myanmar's population lacked electricity in 2021. The Automatic Voltage Stabilizer (AVS) market is poised for growth due to the increasing demand for electricity infrastructure in these regions to ensure a consistent power supply and prevent voltage fluctuations. Thus, such trends will shape the growth of the market during the forecast period.
Threat from refurbished and counterfeit products is the major challenge that affects the growth of the market. The market encompasses both new and grey-market products, including refurbished and counterfeit components. Refurbished products, such as used circuit breakers, fuses, and relays in AVS, are sold as new by unauthorized vendors.
Conversely, counterfeit components are re-engineered copies of genuine parts, designed to mimic branded products. These channels, not endorsed by original manufacturers, pose a significant risk to market expansion and end-users' safety. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Siemens AG- The company offers automatic voltage stabilizers such as JFR and SFR medium voltage regulators.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the Single phase automatic voltage stabilizers segment will be significant during the forecast period. In the era of smart cities and advanced electrical goods, the demand for automatic voltage stabilizers has surged to ensure consistent power supply and protect sensitive electronic parts from power fluctuations and shortages. Automatic voltage stabilizers, which employ negative feedback and feed-forward architecture, function as voltage regulators, maintaining AC and DC voltages at desired levels.
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The Single phase automatic voltage stabilizers segment was valued at USD 8.55 billion in 2018. These electronic and electromechanical mechanisms are integral to various applications, including automotive alternators, HVAC systems, building automation, communication systems, consumer electronics, and automation. Premium consumer gadgets, such as air conditioners, televisions, split air conditioners, and appliances like refrigerators, washing machines, require effective voltage stabilization to operate efficiently and prevent damage from unexpected voltage variations. The single-phase automatic voltage stabilizer segment is currently leading the market, providing faster reaction times to voltage fluctuations and ensuring adequate power for appliances. The green revolution and the push towards reducing carbon emissions further underscore the importance of voltage stabilization in various industrial locations. Centralized access to voltage stabilization systems offers a cost-effective and efficient solution for managing power supply and ensuring the uninterrupted operation of critical equipment.
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APAC is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
In today's smart cities, the reliable supply of electrical power is crucial for various electrical goods such as automotive alternators, HVAC systems, building automation, communication systems, consumer electronics, and appliances like air conditioners, televisions, and washing machines. Voltage fluctuations and power shortages can negatively impact the performance and lifespan of these electrical devices. To mitigate these issues, automatic voltage stabilizers have gained significant importance. These devices employ a combination of negative feedback and feed-forward architecture, utilizing electronic parts and an electromechanical mechanism to regulate AC and DC voltages. Electronic voltage regulators, featuring processors and controllers, ensure precise voltage regulation. Centralized access to these stabilizers in industrial locations is essential for maintaining optimal power supply, especially during power fluctuations. The green revolution and the push towards reducing carbon emissions have further boosted the demand for automatic voltage stabilizers in various applications. E-commerce platforms are increasingly offering premium goods, including single-phase and three-phase stabilizers for mainline use, as well as for air conditioners, refrigerators, TVs, and washing machines. The servo-controlled static stabilizers have become indispensable in industries, ensuring stable power for sensitive equipment.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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Automatic Voltage Stabilizers (AVS) are essential electrical components that maintain a consistent voltage level in electrical systems, ensuring the proper functioning of electrical equipment and appliances. Power surges and load demand fluctuations can cause voltage instability, leading to grid overload and potential damage to electronic devices. Microprocessor-based technology and bypass mechanisms are key features of modern AVS, enabling overload prevention and surge protection. Digital control systems, smart features, and AI capabilities further enhance the functionality of AVS, contributing to system stability and energy conservation in smart grids and microgrids.
Furthermore, the market caters to various sectors, including household, commercial, and industrial uses. Household AVS ensure consistent power supply for appliances, while industrial AVS maintain voltage stability for heavy machinery and production processes. Renewable energy sources, such as solar and wind, require AVS to ensure a stable power supply and minimize energy losses. Miniaturization and increased efficiency, along with ruggedized designs and environmental concerns, are driving the market for AVS. Substitute technologies, such as solid-state stabilizers and lead-acid batteries, offer alternatives to traditional AVS. The integration of IoT and sustainability in AVS design is a growing trend, with a focus on low energy usage, noise pollution reduction, and the use of recycled materials.
Market Scope |
|
Report Coverage |
Details |
Page number |
157 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 4.53 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.23 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 32% |
Key countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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 Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market 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. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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