India Automatic Voltage Regulator Market By Type (Servo Motor, Relay Based), By kVA Rating (1 kVA-6kVA, 6kVA-12kVA, above 12 KVA), By Phase Type (Single Phase, Three Phase), By Application (Residential Commercial, Industrial), By Sales Channel (Online, Offline), By Region, Competition Forecast & Opportunities, 2017-2027

  • Industry : Power
  • Pages : 110
  • Published Date : January, 2022
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Summary

Report Description

India Automatic Voltage Regulator Market valued at USD213.17 million in 2021 and is anticipated to project a robust growth in the forecast period with an impressive CAGR of 8.05% and reach USD349.17 million. Initiatives such as ‘Smart Cities Mission’ and ‘Housing for All’ are also driving the growth of the India Automatic Voltage Regulator Market.

An automatic voltage regulator (AVR) is an electronic device that maintains a constant voltage level of electrical equipment on the same load. The AVR regulates voltage variations to deliver constant, reliable power supply. Without an automatic voltage regulator, voltage can sag, spike or surge and can damage electrical devices.

 Rise in Competition with Entry of New Players

It has been observed that there has been a rise in the new automatic voltage regulator companies which are inclining towards providing complete power solutions across the country. Major players are increasingly focusing on extending their product portfolios, which is leading towards the rise in a large number of new players in the market. The new emerging manufacturers and suppliers are also offering post sale maintenance activities as part of their integrated power solution package for a longer duration of period. This has led to a greater competition in the market. Hence, the rising rivalry in the market, is expected to contribute to the demand for automatic voltage regulators in the country in the upcoming years.

Focus on Product Branding for Brand Visibility

There have been many unbranded products in India’s automatic voltage regulators market under the brand name of many unorganized companies. Good branding elevates a business and builds recognition and loyalty among customers. Customers are attracted to brands that share similar values with them and sometimes develop an emotional connection with the organization. Hence the companies are focusing on product branding, an emerging trend in the market in the future.

Use of Internet of Things for Organic Growth

The main objective of Internet of Things (IoT) technologies is to simplify processes in different fields such as power, electricity etc., to ensure better efficiency of technologies. Digitalization has allowed ‘‘smart technologies’’ to become the epicenter of already ongoing technological developments. IoT technologies have allowed for a variety of efficient services and smart networking, applications, or devices that can ensure useful synergic effects and produce benefits. With the increase in the use of IoT technologies, the usage of the automatic voltage regulators is anticipated to grow in the upcoming years in India.

                                                

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Market Segmentation

The India Automatic Voltage Regulator Market is segmented on the basis of type, kVA Rating, Phase Type, Application, Sales Channel, Region. Based on type, the market is further bifurcated into Servo Motor, Relay Based. On the basis of kVA Rating, the market is fragmented into 1 kVA-6kVA, 6kVA-12kVA, above 12 KVA. Based on Phase Type, the market is divided into Single Phase and Three Phase. Based on Application, the market is segmented into Residential, Commercial, Industrial. Based on Sales Channel the market is segmented into Online and Offline. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among East, West, North and South.

Company Profiles

V-Guard Industries Ltd., Microtek International Private Limited, Capri Group, Livguard Energy Technologies Private Limited, Servokon System Ltd, Bluebird Power Controls Pvt. Ltd., Jindal Electric, Servomax Limited, Luminous Power Technologies Private Limited, are the leading market players in India Automatic Voltage Regulator Market.

Attribute

Details

Market Size Value in 2021

USD213.17 million

Revenue Forecast in 2027

USD349.17 million

Growth Rate

8.05%

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022E

Forecast Period

2023F– 2027F

Quantitative Units

Revenue in USD Million, Volume in ('000 Units), and CAGR for 2017-2021 and 2022E-2027F

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         kVA Rating

·         By Phase Type

·         By Application

·         By Sales Channel

Regional Scope

East; West; North; South

Key Companies Profiled

V-Guard Industries Ltd., Microtek International Private Limited, Capri Group, Livguard Energy Technologies Private Limited, Servokon System Ltd, Bluebird Power Controls Pvt. Ltd., Jindal Electric, Servomax Limited, Luminous Power Technologies Private Limited and Fuji Electric Consul Neowatt Pvt. Ltd.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, India Automatic Voltage Regulator Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         India Automatic Voltage Regulator Market, By Type:

    • Relay Based
    • Servo Motor
  • India Automatic Voltage Regulator Market, By kVA Rating:
    • 1 kVA-6kVA
    • 6kVA-12kVA
    • Above 12 KVA
  • India Automatic Voltage Regulator Market, By Phase Type:
    • Single Phase
    • Three Phase
  • India Automatic Voltage Regulator Market, By Application:
    • Residential
    • Commercial
    • Industrial

·         India Automatic Voltage Regulator Market, By Sales Channel:

o   Online

o   Offline

  • India Automatic Voltage Regulator Market, By Region:
    • South
    • West
    • North
    • East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Automatic Voltage Regulator Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

NOTE: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. Eg: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022.

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.       Voice of Customer

4.1.    Brand Awareness

4.2.    Customer Satisfaction Level

4.3.    Factors Considered While Selecting Supplier

4.4.    Challenges/Issues Faced Post Purchase

5.    India Automatic Voltage Regulator Market Outlook

5.1.  Market Size & Forecast

5.1.1.       By Value & Volume

5.2.  Market Share & Forecast

5.2.1.       By Type (Servo Motor, Relay Based)

5.2.2.       By kVA Rating (1 kVA-6kVA, 6kVA-12kVA, above 12 KVA)

5.2.3.       By Phase Type (Single Phase, Three Phase)

5.2.4.       By Application (Residential Commercial, Industrial)

5.2.5.       By Sales Channel (Online, Offline)

5.2.6.       By Region (East, West, North, South)

5.2.7.       By Company (FY2021)

5.3.  India Automatic Voltage Regulator Market Map

6.    India Relay Based Automatic Voltage Regulator Market Outlook

6.1.  Market Size & Forecast

6.1.1.       By Value & Volume

6.2.  Market Share & Forecast

6.2.1.       By kVA Rating  

6.2.2.       By Application

6.2.3.       By Phase Type

7.    India Servo Motor Automatic Voltage Regulator Market Outlook

7.1.  Market Size & Forecast

7.1.1.       By Value & Volume

7.2.  Market Share & Forecast

7.2.1.        By kVA Rating  

7.2.2.        By Application

7.2.3.        By Phase Type

8.    Supply Chain Analysis

9.    Import Export Analysis

10.  Market Dynamics

10.1.        Drivers

10.2.        Challenges

11.  Market Trends and Developments

12.  Policy and Regulatory Landscape

13.  India Economic Profile

14.  Impact of COVID-19 on India Automatic Voltage Regulator Market

15.  Pricing Analysis

16.  Competitive Benchmarking

17.  Company Profiles

17.1.        V-Guard Industries Ltd.

17.2.        Microtek International Private Limited

17.3.        Capri Group

17.4.        Livguard Energy Technologies Private Limited

17.5.        Servokon System Ltd

17.6.        Bluebird Power Controls Pvt. Ltd.

17.7.        Jindal Electric

17.8.        Servomax Limited

17.9.        Luminous Power Technologies Private Limited

17.10.      Fuji Electric Consul Neowatt Pvt. Ltd.

18.  Strategic Recommendations

19.  About Us & Disclaimer

Figures and Tables

Figure 1: India Automatic Voltage Regulator Market Size, By Value (USD Million), 2017-2027F

Figure 2: India Automatic Voltage Regulator Market Size, By Volume (Thousand Units), 2017-2027F

Figure 3: India Automatic Voltage Regulator Market Share, By Type, By Value, 2017-2027F

Figure 4: India Automatic Voltage Regulator Market Share, By kVA Rating, By Value, 2017-2027F

Figure 5: India Automatic Voltage Regulator Market Share, By Phase Type, By Value, 2017-2027F

Figure 6: India Automatic Voltage Regulator Market Share, By Application, By Value, 2017-2027F

Figure 7: India Automatic Voltage Regulator Market Share, By Sales Channel, By Value, 2017-2027F

Figure 8: India Automatic Voltage Regulator Market Share, By Region, By Value, 2017-2027F

Figure 9: India Automatic Voltage Regulator Market Share, By Company, By Value, 2021

Figure 10: India Automatic Voltage Regulator Market Map, By Type, Market Size (USD Million) & Growth Rate (%)

Figure 11: India Automatic Voltage Regulator Market Map, By kVA Rating, Market Size (USD Million) & Growth Rate (%)

Figure 12: India Automatic Voltage Regulator Market Map, By Phase Type, Market Size (USD Million) & Growth Rate (%)

Figure 13: India Automatic Voltage Regulator Market Map, By Application, Market Size (USD Million) & Growth Rate (%)

Figure 14: India Automatic Voltage Regulator Market Map, By Sales Channel, Market Size (USD Million) & Growth Rate (%)

Figure 15: India Automatic Voltage Regulator Market Map, By Region, Market Size (USD Million) & Growth Rate (%)

Figure 16: India Relay Based Automatic Voltage Regulator Market Size, By Value (USD Million), 2017-2027F

Figure 17: India Relay Based Automatic Voltage Regulator Market Size, By Volume (Thousand Units), 2017-2027F

Figure 18: India Relay Based Automatic Voltage Regulator Market Share, By kVA Rating, By Value, 2017-2027F

Figure 19: India Relay Based Automatic Voltage Regulator Market Share, By Application, By Value, 2017-2027F

Figure 20: India Relay Based Automatic Voltage Regulator Market Share, By Phase Type, By Value, 2017-2027F

Figure 21: India Servo Motor Automatic Voltage Regulator Market Size, By Value (USD Million), 2017-2027F

Figure 22: India Servo Motor Automatic Voltage Regulator Market Size, By Volume (Thousand Units), 2017-2027F

Figure 23: India Servo Motor Automatic Voltage Regulator Market Share, By kVA Rating, By Value, 2017-2027F

Figure 24: India Servo Motor Automatic Voltage Regulator Market Share, By Application, By Value, 2017-2027F

Figure 25: India Servo Motor Automatic Voltage Regulator Market Share, By Phase Type, By Value, 2017-2027F

Figure 26: India Electronic Automatic Regulators (Controllers) Import Scenario, By Value (USD Million) & By Volume (Million Units), 2017-2021 (HS Code: 90328910)

Figure 27: India Electronic Automatic Regulators (Controllers) Export Scenario, By Value (USD Million) & By Volume (Million Units), 2017-2021 (HS Code: 90328910)

Figure 28: India Other Automatic Regulating/Controlling Instruments Import Scenario, By Value (USD Million) & By Volume (Million Units), 2017-2021 (HS Code: 90328990)

Figure 29: India Other Automatic Regulating/Controlling Instruments Export Scenario, By Value (USD Million) & By Volume (Million Units), 2017-2021 (HS Code: 90328990)

Figure 30: India Non-Automatic Voltage Regulator and Stabilizer Import Scenario, By Value (USD Million) & By Volume (Million Units), 2017-2021 (HS Code: 85044040)

Figure 31: India Non-Automatic Voltage Regulator and Stabilizer Export Scenario, By Value (USD Million) & By Volume (Million Units), 2017-2021 (HS Code: 85044040)

Figure 32: India Other Static Converters Export Scenario, By Value (USD Million) & By Volume (Million Units), 2017-2021 (HS Code: 85044090)

Figure 33: India Other Static Converters Import Scenario, By Value (USD Million) & By Volume (Million Units), 2017-2021 (HS Code: 85044090)

Frequently asked questions

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The market size of the India Automatic Voltage Regulator Market was estimated to be USD213.17 million in 2021

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Commercial sector is the leading segment by application for automatic voltage regulators. Commercial sector accounted for a share of 38.96% in 2021.

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The South and West regions of the country cumulatively accounted for the largest share in India Automatic Voltage Regulator Market in 2021, as these regions are the industrial and commercial hubs of India

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Poor power conditions in India, and initiatives such as ‘Smart Cities Mission’ and ‘Housing for All’ and implementation of GST are the major drivers for India Automatic Voltage Regulator Market.

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Parvati Sharma

Account Manager BD
Press Release

India Automatic Voltage Regulator Market to Surpass USD349.17 Million by 2027F

Nov, 2021

Poor power conditions in India and initiatives such as ‘Smart Cities Mission’ and ‘Housing for All are driving the growth in India Automatic Voltage Regulator Market in the forecast period, 2017-2027

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