Enjoy complimentary customisation on priority with our Enterprise License!
The voltage regulator market is estimated to grow at a CAGR of 7.69% between 2022 and 2027. The size of the market is forecast to increase by USD 11,564.05 million. The growth of the market depends on several factors, including the rapid growth of IoT, increasing penetration of Industry 4.0 in many regions globally, and growing investments by market players in R&D.
This report extensively covers market segmentation by type (tap-switching voltage regulator, ferroresonant voltage regulator, and electronic voltage regulator), end-user (communications, computer, consumer electronics, automotive, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, Download Report Sample
The reports categorize the global voltage regulators market as a part of the global electronic equipment and instruments market within the overall electronics market. The parent global electronics market includes manufacturers of communications equipment, technology hardware storage and peripherals, electronic equipment and instruments, electronic components, consumer electronics, and industrial electronics products, as well as electronic manufacturing services. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The rapid growth of IoT is notably driving the market growth, although factors such as an increase in design complexity due to miniaturization may impede the market growth. Our researchers analyzed the data with 2022 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.
Key Voltage Regulator Market Driver
The rapid growth of IoT is notably driving the market growth. The IoT technology enables an Internet-connected device to use various sensors and actuators to gather, catalog, and transfer data to other computing devices on a real-time basis. The developments in wired and wireless communication technologies, telecommunication standards, human-machine interface (HMI) technologies, and initiatives taken by governments to implement advanced technology-driven systems and solutions are driving the demand for these IoT devices.
It is to be noted that Cisco estimates the total number of connected devices across the globe to reach 500 billion by 2030. IoT devices are equipped with semiconductor integrated circuits (ICs), microcontrollers, sensors, and other analog and digital components. The robust growth of the IoT in all key geographies is increasing the demand for IoT chipsets for integration into IoT devices. Reportedly, spending on the Internet of Things (IoT) across enterprises increased by 22.0% to $158 billion in 2021. This, in turn, is driving the demand for voltage regulators.
Significant Voltage Regulator Market Trend
The growing popularity of smart wearables is the primary trend in the market. Smart fabrics, smartwatches, heart rate monitors, fitness bands, and smart glasses, monitor the fitness levels of users while offering various other benefits to them. Smart wearables technology has been gaining a lot of traction across all key regions worldwide.
Voltage regulators constitute the core of these solutions, as this component adds critical functionality to smart wearables. The continuous increase in the penetration of these solutions among customers is opening doors to immense growth opportunities for players in the global voltage regulators market. Many other companies, which see immense growth potential in this product segment, are also entering the market. This is expected to fuel the growth of the global voltage regulators market during the forecast period.
Major Voltage Regulator Market Challenge
An increase in design complexity due to miniaturization is the major challenge impeding the market. Voltage regulators are small-sized components that contribute significantly to the overall functioning of final solutions. As miniaturization continues to gain traction across all key industry verticals, component manufacturers are being pushed toward increasing their capital investments in procuring machinery that can aid in manufacturing smaller components. Furthermore, continuous pressure from the end-users of voltage regulators to reduce lead time has been forcing vendors to modify their manufacturing processes and designs at very short intervals. Addressing the costs needed to carry out such modifications is a major challenge for many market players as for this vendors must also increase their budgets and make huge investments in procuring costly equipment. The inability to do so affects the revenue generation by vendors.
Key Voltage Regulator Market Customer Landscape
The 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 growth strategies.
Global Voltage Regulator Market Customer Landscape
Vendors 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.
Texas Instruments - The company offers voltage regulators such as TPS7A74, TPS7A16A, TPS7A43. The segment covers various product lines such as power, signal chain, and high volume which includes integrated analog and standard semiconductor products.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth of the tap-switching voltage regulator segment will be significant during the forecast period. This type of voltage regulator can automatically regulate voltage by switching taps on the isolation transformer. This eliminates the problems of voltage fluctuation, sag, and surge, while also removing transients, high-frequency impulses, and noise. The advantage of this type is its high efficiency, fast correction time, and the capacity to package larger kilo-volt ampere (KVA) systems into a comparatively small enclosure.
Get a glance at the market contribution of various segments Request a PDF Sample
The tap-switching voltage regulator segment was valued at USD 10,454.14 million in 2017 and continued to grow until 2021. The segment is expected to witness accelerating growth during the forecast period as end-user industries are adopting various recovery strategies. Also, the demand for tap-switching voltage regulators is expected to increase as the demand for consumer electronics products increases globally. Notably, this segment accounted for the largest market share of 46.08%, which is a driving factor for the growth of this segment during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
APAC is estimated to contribute 35% 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.
China is a major revenue contributor and represents the largest market for voltage regulators in the region. A primary factor driving the growth of the market in focus is the growing demand for semiconductors from the automotive, aerospace, electronics and electrical, healthcare, and communication industries, especially across countries such as China, Japan, India, and South Korea. Rising disposable income and a growing middle-class population in the region are expected to continue accelerating the demand for automobiles and consumer electronics. The easy availability of skilled workforce and raw materials in many countries in APAC is attracting investments from various companies.
Industrial activities in the region witnessed a decline owing to the outbreak of COVID-19. However, governments of various countries in the region are expected to give stimulus to manufacturing sub-sectors, which is, in turn, expected to drive the growth of the voltage regulators market in APAC during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Type (Tap-switching voltage regulator, Ferroresonant voltage regulator, and Electronic voltage regulator), End-user (Communications, Computer, Consumer electronics, Automotive, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
Voltage Regulator Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.69% |
Market growth 2023-2027 |
USD 11,564.05 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.58 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 35% |
Key countries |
US, China, South Korea, Japan, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Analog Devices Inc., Diodes Inc., Eaton Corp. Plc, General Electric Co., Infineon Technologies AG, Microchip Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp, Renesas Electronics Corp., Ricoh Co. Ltd., ROHM Co. Ltd., Schweitzer Engineering Laboratories Inc., Semtech Corp., STMicroelectronics NV, Texas Instruments Inc., Torex Semiconductor Ltd., TOSHIBA CORP, Vicor Corp., and Vishay Intertechnology Inc. |
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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
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 End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.