V-Guard to Continue Dominating India Voltage Stabilizer Market until 2023
Growing consumer durables market, government initiatives
such as Smart Cities Mission and Housing for All and increasing electrification
rate in the country to fuel demand for stabilizers in India through 2023
According to a recently
published TechSci Research report “India Voltage Stabilizer Market
By Type, By Application, By Controller, Competition Forecast & Opportunities,
2013 – 2023”, India voltage
stabilizer market is projected to reach $ 550 million by 2023. Growth in the
market is anticipated predominantly on account of flourishing consumer durables market and
low-quality electricity supply across the country. Moreover, IT, infrastructure, construction,
healthcare, commercial and manufacturing sectors are further expected to
contribute significantly to India voltage stabilizer market in the coming years.
Additionally, implementation of GST is expected to enable organized players to
increase their share in Indian voltage stabilizer market over the next five
years.
Browse 9
market data Tables and 46 Figures spread through 104 Pages and an in-depth TOC on "India
Voltage Stabilizer Market"
https://www.techsciresearch.com/report/india-voltage-stabilizer-market/3045.html
On
the basis of type, India voltage stabilizer market is segmented into single
phase and three phase. Single phase type voltage stabilizer segment dominated the
market in 2017 and is likely to maintain its dominance throughout the forecast period
as well due to majority of the households having single phase power supply under
the range of 220V to 230V. Among applications, air conditioners accounted for
the largest share in India voltage stabilizer market in the year 2017, and the
segment is anticipated to remain the leading application segment through 2023
as well. A large demand for voltage stabilizers emanates from western and
southern regions in India, which collectively accounted for the majority share in
India voltage stabilizer market in 2017. The dominance of these regions is
backed by infrastructure-based
development in states like Maharashtra,
Telangana, Andhra Pradesh, Madhya Pradesh, Kerala and Karnataka.
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Among the key
industry players, V-Guard Industries accounted
for the largest share in India voltage stabilizer market in 2017 and the
company is likely to maintain its dominance throughout the forecast period. “Technological advancements in voltage stabilizers
in India such as use of high performance IC (Integrated Circuit) based control
circuit in servo stabilizers, which deliver negligible fluctuations and noise,
would continue contributing towards boosting demand for voltage stabilizers
across the country. Furthermore, rising adoption of asset-light model by
outsourcing voltage stabilizer production is resulting in higher operational
efficiency, thereby positively influencing India voltage stabilizer market.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“India Voltage
Stabilizer Market By Type, By Application, By Controller, Competition Forecast
& Opportunities, 2013 – 2023” has
evaluated the future growth potential of India voltage stabilizer market and
provides statistics and information on market size, structure and trends. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decision. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities
in India voltage stabilizer market.
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