|
Forecast Period
|
2023-2028
|
|
Market Size (2022)
|
USD 1.38 Billion
|
|
CAGR (2023-2028)
|
5.85%
|
|
Market Size (2028)
|
USD 1.91 Billion
|
|
Fastest Growing Segment
|
Three Phase
|
|
Largest Market
|
South India
|
The India Voltage Stabilizer
Market is anticipated to grow robustly during the
forecast period, 2024-2028. This is due to the government's increased
emphasis on the development of smart cities and investments made under the Make
in India and Invest India initiatives. Additionally, the industry is growing
due to the increase in sales of electrical goods including TVs, refrigerators,
and air conditioners.
A system created to automatically
maintain a constant voltage is known as a voltage regulator. Negative feedback
or a straightforward feed-forward architecture can be used in a voltage
regulator. It might make use of electronic parts or an electromechanical
mechanism. It may be used to control one or more AC or DC voltages depending on
the design. Electronic voltage regulators are used to regulate the DC voltages
required by the processor and other components in devices like power supply.
Voltage regulators manage the plant's output in central power plant generators
and automotive alternators.
Building Automation Shows
Steady Growth as Consumers Seek Safety
The HVAC, building automation,
industries (other than electricity), communication systems, power transmission
and distribution, and consumer electronics are the application segments of the India
voltage stabilizer systems market. Owing to the rising desire for automation
and centralized access in developed nations, building automation is the most
popular of these. Furthermore, the demand for voltage stabilizer systems has
increased along with the demand for HVAC systems, which include centralized
heating, ventilation, and air conditioning. The overall market has also been
driven by the desire for centralized security access due to increased safety
concerns. Finally, the market for voltage stabilizer system is anticipated to
be driven by the growing adoption of these systems in developing industrial
locations where power fluctuations are common.
Rising Expenditure on Consumer
Electronics to Propel Market Growth
The increased use of building
automation, particularly in developing nations that experience severe power
shortages, is to blame for the rising demand for voltage stabilizer systems.
Furthermore, the need for voltage stabilizer systems has increased as a result
of rising disposable incomes spent on consumer gadgets. According to the paper,
the ongoing modernization of transmission and power distribution networks in industrialized
nations will have a substantial impact on the rising profits of the worldwide market.
The market does, however, confront some difficulties, such as the new
development of the green revolution. Both customers and governments should cut
back on their spending on gadgets as they compete to reduce carbon emissions.
This will lessen the demand for voltage stabilizer equipment.
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Increasing Demand for
Electronic Products across Tier-II, III, and IV Cities
Consumer appliances such as air
conditioners, televisions, and freezers have been more popular recently,
particularly in the wake of the COVID-19 pandemic as individuals continue to
work from home. As a result, the average ticket size of sales for comfort home
goods has significantly increased. For instance, tier-II cities and towns have
a 12% higher demand for split air conditioners than tier-I cities.
Additionally, there is a high demand for premium goods in the smaller tier-II
cities, including larger-screen TVs, better refrigerators, washing machines,
and gadgets with IoT and AI capabilities. People in tier-II, -III, and
-IV cities rely heavily on e-commerce platforms to buy these things; big
e-commerce businesses such as Amazon, Flipkart, and Snapdeal receive 60% of
their online orders from tier-II towns. Owing to the direct relationship
between the sales of stabilizers and those of consumer appliances, the growth
in the sales of consumer appliances would eventually lead to a high demand for
stabilizers throughout these cities.
Investments Under Make in
India and Invest India Initiatives Driving Market
The Make in India and Invest in
India programs were developed to turn India into a center for design and
manufacture across over 27 industries. For the purpose of carrying out its Make
in India action plans, the Indian government is always looking for suitable
investors. Additionally, the goal is to promote FDIs and make it easier for
foreign investors to do business in the nation. In order to achieve this, the
government has created a number of programs to encourage both domestic and
foreign businesses to establish manufacturing and R&D facilities in India.
Examples of these programs include the Production Linked Incentive Scheme (PLI)
for Large Scale Electronics Manufacturing and the Modified Electronics
Manufacturing Clusters Scheme (EMC 2.0).
Market Segmentation
The India
Voltage Stabilizer Market is segmented into type, application, and controller.
Based on type, the market is further bifurcated into single phase and three phase.
Based on application, the market is further segmented into mainline,
air conditioner, refrigerator, TV, washing machine and others. Based on controller,
the market is further segmented into servo and static.
Market player
Major
players operating in the India Voltage Stabilizer Market are V-Guard Industries,
Capri Group, Servomax India Pvt Limited, Consul Neowatt Power Solutions Private
Limited, Livguard Energy Technologies Private Limited, Luminous Power
Technologies Pvt. Ltd., Jindal Electric & Machinery Corporation, Bluebird
Power Controls Pvt. Ltd, Servokon System Ltd, and Microtek International
Private Limited.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historic Data
|
2018– 2021
|
|
Estimated
Year
|
2023
|
|
Forecast Period
|
2024 – 2028
|
|
Quantitative
Units
|
Revenue
in USD Million, value, and CAGR for 2018 -2022 and 2023 – 2028
|
|
Report coverage
|
Revenue forecast, Company Share, growth factors, and trends
|
|
Segments
covered
|
- Type
- Application
- Controller
|
|
Region
|
North India, West India, South India, East India
|
|
Key
companies profiled
|
V-Guard
Industries, Capri Group, Servomax India Pvt Limited, Consul Neowatt Power
Solutions Private Limited, Livguard Energy Technologies Private Limited,
Luminous Power Technologies Pvt. Ltd., Jindal Electric & Machinery Corporation,
Bluebird Power Controls Pvt. Ltd, Servokon System Ltd, Microtek International
Private Limited
|
|
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/Word format on special request)
|
Report Scope:
In this report, India Voltage
Stabilizer Market has been segmented into the following categories, in addition
to the industry trends which have also been detailed below:
·
India Voltage Stabilizer Market, By Type:
o Single
Phase
o Three
Phase
·
India Voltage Stabilizer Market, By Application:
o
Mainline
o
Air Conditioner
o
Refrigerator
o
TV
o
Washing Machine
o
Others
·
India Voltage Stabilizer Market, By Controller:
o
Servo
o
Static
·
India Voltage Stabilizer Market, By Region:
o
West
o
North
o
South
o
East
Competitive Landscape
Company Profiles: Detailed
analysis of the major companies present in India Voltage Stabilizer Market.
Available Customizations:
With the given market data, Tech
Sci 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).
The India Voltage Stabilizer
Market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at
[email protected]