PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1121732
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1121732
India Stabilizers Market Size and Share Analysis by Controller Type, Cabinet Type, Phase Type, End User, Application - Industry Growth and Demand Forecast to 2030
In 2021, the India stabilizers market value stood at $676.2 million, from where it is set to witness an 8.1% CAGR over this decade, to reach $1,359.8 million by 2030. The revenue generated from the sale of servo-controlled variants will likely rise by more than 8% in the coming years, as they offer high durability and better correction speeds. They are widely used to protect the critical equipment in commercial and residential spaces.
As an end user, the residential sector dominates the market with around 40% of the revenue generation. Since the voltage of the domestic supply frequently fluctuates, electrical appliances require stabilizers to function smoothly and elongate their lives. In this regard, the rampant construction of housing and electrification in rural areas are propelling stabilizer sales across the country.
This India stabilizers market trend is most visible in the non-metro cities, which have been witnessing high-paced urbanization of late. In fact, major e-commerce portals, such as Flipkart and Amazon, receive 60% of their orders from tier II, III, and IV cities. People in these urban and semi-urban areas are increasingly demanding washing machines, large-screen TVs, ACs, and refrigerators.
Currently, Tamil Nadu is the largest buyer of voltage stabilizing devices, because its power supply is characterized by frequent voltage fluctuations and power cuts. Moreover, it is home to numerous metro and non-metro cities that have a high count of commercial, industrial, and residential facilities, all of which require stabilizers.
Over this decade, an over 9% CAGR, the highest in the country, is expected in Uttar Pradesh. The most-populous state in the country, it naturally witnesses a massive sale of home appliances, most of which need stabilizers. Moreover, as per the Ministry of Power, the electrification rate in the state, considering the overall grid connectivity in all the cities and urban and semi-urban areas, is almost 100%.
One of the biggest reasons behind the growth of the India stabilizers market is the government initiatives aimed at boosting domestic manufacturing. Such programs essentially seek to make it easier for homebred and international industrialists to set up their production plants, warehouses, and R&D centers in the country. The critical nature of most of the factory machines makes it imperative to supply electricity at a constant voltage, which is why the market is growing.
Mainline voltage stabilization is the biggest application in the market because installing just one mainline stabilizer takes care of the voltage being supplied to the entire facility, be it a house, shopping mall, hotel, or factory. Thus, this approach eliminates the need to have one voltage stabilizing device for every appliance, which also helps users save on installation and maintenance expenses.
The AC category, within the application segment, will witness the fastest India stabilizers market advance, because ACs are vulnerable to power variations. Moreover, much of India has a hot and humid climate, which has been driving AC sales at a high rate. In this regard, the rising disposable income in smaller cities is allowing market players to prosper.
Table of Contents
Chapter 1. Research Background
- 1.1 Research Objectives
- 1.2 Market Definition
- 1.3 Analysis Period
- 1.4 Market Data Reporting Unit
- 1.4.1 Value
- 1.5 Market Size Breakdown by Segment
- 1.5.1 Market Segmentation by Controller Type
- 1.5.2 Market Segmentation by Cabinet Type
- 1.5.3 Market Segmentation by Phase Type
- 1.5.4 Market Segmentation by End User
- 1.5.5 Market Segmentation by Application
- 1.5.6 Market Segmentation by State
- 1.6 Key Stakeholders
Chapter 2. Research Methodology
- 2.1 Secondary Research
- 2.1.1 Paid
- 2.1.2 Unpaid
- 2.1.3 P&S Intelligence Database
- 2.2 Primary Research
- 2.2.1 Breakdown of Primary Research, by Industry Participant
- 2.2.2 Breakdown of Primary Research, by Designation
- 2.2.3 Breakdown of Primary Research, by Company Type
- 2.3 Market Size Estimation
- 2.4 Data Triangulation
- 2.5 Currency Conversion Rates
- 2.6 Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
- 4.1 India Air Conditioner Market
- 4.2 India Refrigerator Market
- 4.3 India Television Market
Chapter 5. Definitions of Market Segments
- 5.1 By Controller Type
- 5.1.1 Relay-Type
- 5.1.2 Servo-Controlled
- 5.1.3 Static
- 5.2 By Cabinet Type
- 5.2.1 Plastic-&-Metal Cabinet
- 5.2.2 Fully Metal Cabinet
- 5.3 By Phase Type
- 5.3.1 Single-Phase
- 5.3.2 Three-Phase
- 5.4 By End User
- 5.4.1 Packaging
- 5.4.2 Automotive
- 5.4.3 Construction
- 5.4.4 Electronics
- 5.4.5 Commercial
- 5.4.6 Residential
- 5.4.7 Others
- 5.5 By Application
Chapter 6. Industry Outlook
- 6.1 Market Dynamics
- 6.1.1 Trends
- 6.1.1.1 Technological advancements
- 6.1.2 Drivers
- 6.1.2.1 Development of smart cities
- 6.1.2.2 Investments under the 'Make in India' and 'Invest India' initiatives
- 6.1.2.3 Surge in demand for consumer appliances from tier II, III, and IV cities
- 6.1.3 Impact Analysis of Drivers on Market Forecast
- 6.1.4 Restraints
- 6.1.4.1 Price hike of appliances
- 6.1.4.2 Emergence of stabilizer-free appliances
- 6.1.5 Impact Analysis of Restraints on Market Forecast
- 6.1.1 Trends
- 6.2 Impact of COVID-19
- 6.3 Value Chain Analysis
- 6.4 Porter's Five Forces
- 6.4.1 Bargaining Power of Buyers
- 6.4.2 Bargaining Power of Suppliers
- 6.4.3 Intensity of Rivalry
- 6.4.4 Threat of New Entrants
- 6.4.5 Threat of Substitutes
Chapter 7. India Market Size and Forecast
- 7.1 Overview
- 7.2 Market revenue, by Controller Type (2017-2030)
- 7.3 Market Revenue, by Cabinet Type (2017-2030)
- 7.4 Market Revenue, by Phase Type (2017-2030)
- 7.5 Market Revenue, by End User (2017-2030)
- 7.6 Market Revenue, by Application (2017-2030)
- 7.7 Market Revenue, by State (2017-2030)
Chapter 8. List of Top SKUs
- 8.1 Top 15 SKUs of Mainline Stabilizers
- 8.2 Top 15 SKUs of AC Stabilizers
- 8.3 Top 15 SKUs of TV Stabilizers
- 8.4 Top 15 SKUs of Refrigerator Stabilizers
Chapter 9. Competitive Landscape
- 9.1 List of Market Players and Their Offerings
- 9.2 Major Product Comparison of Key Players
- 9.2.1 Comparison of Major Mainline Stabilizers
- 9.2.2 Comparison of Major Stabilizers for ACs
- 9.2.3 Comparison of Major Stabilizers for TVs
- 9.2.4 Comparison of Major Stabilizers for Refrigerators
- 9.3 Market Share Analysis of Key Players
- 9.3.1 Mainline
- 9.3.2 ACs
- 9.3.3 TVs
- 9.3.4 Refrigerators
Chapter 10. Company Profiles
- 10.1 V-Guard Industries Ltd.
- 10.1.1 Business Overview
- 10.1.2 Product and Service Offerings
- 10.1.3 Key Financial Summary
- 10.2 MICROTEK
- 10.2.1 Business Overview
- 10.2.2 Product and Service Offerings
- 10.3 Everest Stabilizers Private Limited
- 10.3.1 Business Overview
- 10.3.2 Product and Service Offerings
- 10.4 Bluebird Power Controls Pvt. Ltd.
- 10.4.1 Business Overview
- 10.4.2 Product and Service Offerings
- 10.5 Monitor Voltage Stabilizer
- 10.5.1 Overview and Offerings
- 10.6 Aulten International
- 10.6.1 Business Overview and Offerings
- 10.7 Purevolt
- 10.7.1 Business Overview
- 10.7.2 Product and Service Offerings
- 10.8 Servomax Limited
- 10.8.1 Business Overview
- 10.8.2 Product and Service Offerings
- 10.9 Jindal Electri
- 10.9.1 Business Overview
- 10.9.2 Product and Service Offerings
- 10.10 Pulstronics India
- 10.10.1 Business Overview
- 10.10.2 Product and Service Offerings
- 10.11 Syspro Technics
- 10.11.1 Business Overview
- 10.11.2 Product and Service Offerings
- 10.12 LIVGUARD Technologies Private Limited
- 10.12.1 Business Overview
- 10.12.2 Product and Service Offerings
- 10.13 Luminous Power Technologies Pvt. Ltd.
- 10.13.1 Business Overview
- 10.13.2 Product and Service Offerings
- 10.14 IFB Home Appliances
- 10.14.1 Business Overview
- 10.14.2 Product and Service Offerings
Chapter 11. Appendix
- 11.1 Abbreviations
- 11.2 Sources and References
- 11.3 Related Reports
List of Tables
- TABLE 1 ANALYSIS PERIOD OF THE STUDY
- TABLE 2 INDIA SMART CITIES MISSION DEVELOPMENT, $M
- TABLE 3 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
- TABLE 4 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
- TABLE 5 INDIA STABILIZER MARKET REVENUE, BY CONTROLLER TYPE, $M (2017-2021)
- TABLE 6 INDIA STABILIZER MARKET REVENUE, BY CONTROLLER TYPE, $M (2022-2026)
- TABLE 7 INDIA STABILIZER MARKET REVENUE, BY CONTROLLER TYPE, $M (2027-2030)
- TABLE 8 INDIA STABILIZER MARKET REVENUE, BY CABINET TYPE, $M (2017-2021)
- TABLE 9 INDIA STABILIZER MARKET REVENUE, BY CABINET TYPE, $M (2022-2026)
- TABLE 10 INDIA STABILIZER MARKET REVENUE, BY CABINET TYPE, $M (2027-2030)
- TABLE 11 INDIA STABILIZER MARKET REVENUE, BY PHASE TYPE, $M (2017-2021)
- TABLE 12 INDIA STABILIZER MARKET REVENUE, BY PHASE TYPE, $M (2022-2026)
- TABLE 13 INDIA STABILIZER MARKET REVENUE, BY PHASE TYPE, $M (2027-2030)
- TABLE 14 INDIA STABILIZER MARKET REVENUE, BY END USER, $M (2017-2021)
- TABLE 15 INDIA STABILIZER MARKET REVENUE, BY END USER, $M (2022-2026)
- TABLE 16 INDIA STABILIZER MARKET REVENUE, BY END USER, $M (2027-2030)
- TABLE 17 INDIA STABILIZER MARKET REVENUE, BY APPPLICATION, $M (2017-2021)
- TABLE 18 INDIA STABILIZER MARKET REVENUE, BY APPLICATION, $M (2022-2026)
- TABLE 19 INDIA STABILIZER MARKET REVENUE, BY APPLICATION, $M (2027-2030)
- TABLE 20 INDIA STABILIZER MARKET REVENUE, BY STATE, $M (2017-2021)
- TABLE 21 INDIA STABILIZER MARKET REVENUE, BY STATE, $M (2022-2026)
- TABLE 22 INDIA STABILIZER MARKET REVENUE, BY STATE, $M (2027-2030)
- TABLE 23 TOP 15 SKUS OF MAINLINE STABILIZERS IN INDIA
- TABLE 24 TOP 15 SKUS OF AC STABILIZERS IN INDIA
- TABLE 25 TOP 15 SKUS OF TV STABILIZERS IN INDIA
- TABLE 26 TOP 15 SKUS OF REFRIGERATOR STABILIZERS IN INDIA
- TABLE 27 LIST OF MARKET PLAYERS AND THEIR OFFERINGS
- TABLE 28 COMPARISON OF MAJOR MAINLINE STABILIZERS
- TABLE 29 COMPARISON OF MAJOR STABILIZERS FOR ACS
- TABLE 30 COMPARISON OF MAJOR STABILIZERS FOR TVS
- TABLE 31 COMPARISON OF MAJOR STABILIZERS FOR REFRIGERATORS
- TABLE 32 V-GUARD INDUSTRIES LTD. - AT A GLANCE
- TABLE 33 V-GUARD INDUSTRIES LTD. - KEY FINANCIAL SUMMARY
- TABLE 34 MICROTEK - AT A GLANCE
- TABLE 35 EVEREST STABILIZERS PRIVATE LIMITED - AT A GLANCE
- TABLE 36 BLUEBIRD POWER CONTROLS PVT. LTD. - AT A GLANCE
- TABLE 37 MONITOR VOLTAGE STABILIZER - AT A GLANCE
- TABLE 38 AULTEN INTERNATIONAL - AT A GLANCE
- TABLE 39 PUREVOLT - AT A GLANCE
- TABLE 40 SERVOMAX LIMITED - AT A GLANCE
- TABLE 41 JINDAL ELECTRIC - AT A GLANCE
- TABLE 42 PULSTRONICS INDIA - AT A GLANCE
- TABLE 43 SYSPRO TECHNICS - AT A GLANCE
- TABLE 44 LIVGUARD TECHNOLOGIES PRIVATE LIMITED - AT A GLANCE
- TABLE 45 LUMINOUS POWER TECHNOLOGIES PVT. LTD. - AT A GLANCE
- TABLE 46 IFB HOME APPLIANCES - AT A GLANCE
List of Figures
- FIG 1 MARKET SIZE BREAKDOWN BY SEGMENT
- FIG 2 RESEARCH METHODOLOGY
- FIG 3 BREAKDOWN OF PRIMARY RESEARCH, BY INDUSTRY PARTICIPANT
- FIG 4 BREAKDOWN OF PRIMARY RESEARCH, BY DESIGNATION
- FIG 5 BREAKDOWN OF PRIMARY RESEARCH, BY COMPANY TYPE
- FIG 6 DATA TRIANGULATION APPROACH
- FIG 7 INDIA STABILIZER MARKET SUMMARY
- FIG 8 INDIA AIR CONDITIONER SALES, MILLION UNITS (2019-2022)
- FIG 9 INDIA REFRIGERATOR PRODUCTION, MILLION UNITS (2019-2025)
- FIG 10 INDIA TELEVISION MARKET, $M (2017-2022)
- FIG 11 INDIA FDI EQUITY INFLOW, $M (2015-2022)
- FIG 12 VALUE CHAIN ANALYSIS OF STABILIZERS IN INDIA
- FIG 13 BARGAINING POWER OF BUYERS
- FIG 14 BARGAINING POWER OF SUPPLIERS
- FIG 15 INTENSITY OF RIVALRY
- FIG 16 THREAT OF NEW ENTRANTS
- FIG 17 THREAT OF SUBSTITUTES
- FIG 18 INDIA MARKET SNAPSHOT
- FIG 19 INDIA STABILIZER MARKET REVENUE, BY C TYPE, $M (2017-2030)
- FIG 20 INDIA STABILIZER MARKET REVENUE, BY CABINET TYPE, $M (2017-2030)
- FIG 21 INDIA STABILIZER MARKET REVENUE, BY PHASE TYPE, $M (2017-2030)
- FIG 22 INDIA STABILIZER MARKET REVENUE, BY END USER, $M (2017-2030)
- FIG 23 INDIA STABILIZER MARKET REVENUE, BY APPLICATION, $M (2017-2030)
- FIG 24 INDIA STABILIZER MARKET REVENUE, BY STATE, $M (2017-2030)
- FIG 25 INDIA MAINLINE STABILIZER MARKET SHARE OF KEY PLAYERS (2021)
- FIG 26 INDIA AC STABILIZER MARKET SHARE OF KEY PLAYERS (2021)
- FIG 27 INDIA TV STABILIZER MARKET SHARE OF KEY PLAYERS (2021)
- FIG 28 INDIA REFRIGERATOR STABILIZER MARKET SHARE OF KEY PLAYERS (2021)
- FIG 29 V-GUARD INDUSTRIES LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2021)
