The rising industrialization and urbanization in the developing economies of the Asia Pacific and the Middle East regions have huge spending on the development of the aging electric power infrastructure and thereby generating the demand for Automatic Voltage Stabilizers.
Jersey City, New Jersey, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Automatic Voltage Stabilizer Market” By Type (Single Phase Automatic Voltage Stabilizers and Three Phase Automatic Voltage Stabilizers), By Application (Commercial, Household, and Industrial), and By Geography. According to Verified Market Research, the Global Automatic Voltage Stabilizer Market size was valued at USD 18,455.43 Million in 2020 and is projected to reach USD 25,899.44 Million by 2028, growing at a CAGR of 4.60% from 2021 to 2028.
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126 – Tables
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Global Automatic Voltage Stabilizer Market Overview
The role of the automatic voltage regulators is prominent in the power distribution network as it is used to maintain the reliable power and supply voltage across the distribution network irrespective of load conditions and fluctuations. In most developing countries, there are concerns associated with the smooth and steady flow of the electric supply. The rising industrialization and urbanization in the developing economies of the Asia Pacific and the Middle East regions have huge spending on the development of the aging electric power infrastructure and thereby generating the demand for automatic voltage stabilizers. This in response increases the demand for automatic voltage stabilizers among residential and industrial applications across the globe. The overloading is considered as another factor for the introduction of voltage fluctuations. This leads to voltage fluctuations and thereby the need for automatic voltage stabilizers increases.
The cost of the regulator is more expensive as compared to the traditional voltage regulators owing to the complexity in the circuit design. The parameter adjustable power supply falls under the category of alternating current (Ac) automatic voltage stabilizers are heavy, consume a high amount of energy, and having high noise, and cost. These factors are attributed to restrict the growth of the market.
The major players in the market are Schneider Electric, Eaton, ABB, Siemens, Emerson, GE, Watford Control, Elsis – Elektronik Sistemler Sanayi, Statron, and Ashley-Edison International.
Verified Market Research has segmented the Global Automatic Voltage Stabilizer Market On the basis of Type, Application, and Geography.
Automatic Voltage Stabilizer Market, By Type
Single Phase Automatic Voltage Stabilizers
Three Phase Automatic Voltage Stabilizers
Automatic Voltage Stabilizer Market, By Application
Automatic Voltage Stabilizer Market by Geography
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
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