PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401904
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401904
Electric Power Regulator Market Forecasts to 2030 - Global Analysis By Product (Switching and Linear), Voltage (<40 kVA, > 40 kVA to 250 kVA and > 250 kVA), Phase, Application and By Geography
According to Stratistics MRC, the Global Electric Power Regulator Market is accounted for $3.08 billion in 2023 and is expected to reach $6.08 billion by 2030 growing at a CAGR of 10.2% during the forecast period. An electric power regulator is a device or system designed to control and stabilizes the voltage, current, or power quality in an electrical system. Its primary function is to ensure that the electrical parameters supplied to connected devices or equipment remain within specified limits, preventing damage and ensuring the reliable operation of electrical and electronic components. Electric power regulators maintain a stable output voltage despite fluctuations in the incoming power supply. This ensures that connected devices and equipment receive a consistent and reliable voltage level.
Market Dynamics:
Driver:
Growing industrial sector
The growing industrial sector is a significant driver in the electric power regulator market. Industrial applications require a stable, reliable, and high-quality power supply to support their operations, and electric power regulators play a crucial role in ensuring efficient power management and control. Moreover, these industries have diverse power requirements, ranging from heavy machinery and equipment to sensitive electronic devices. Electric power regulators enable precise control of voltage and current levels, reactive power compensation, and load balancing, ensuring efficient power utilization and minimizing energy waste.
Restraint:
Lack of awareness
Many potential users, particularly in smaller or less developed markets, may have limited knowledge and understanding of electric power regulators and their benefits. This lack of awareness can hinder the widespread adoption and growth of the market. However, electric power regulators involve complex concepts and technologies related to voltage control, power factor correction, and load management. Without proper knowledge and understanding, end-users may not recognize the value and importance of power regulators in optimizing power supply, protecting equipment, and improving energy efficiency.
Opportunity:
Technological advancements
Technological advancements are a significant driver in the electric power regulator market. Power regulators' capacities and functions have been completely transformed by these developments, which has led to a rise in market share and adoption of these devices. Power electronic devices, such as insulated gate bipolar transistors (IGBTs) and silicon carbide (SiC) devices, offer higher switching speeds lower power losses, and improved thermal performance. These developments have made it possible to create power regulators with higher power densities that are more dependable and efficient. Moreover, the creation of intelligent power regulators has been made easier by the integration of networking and communication capabilities.
Threat:
Interoperability issues
Interoperability issues pose a significant threat to the electric power regulator market as they hinder the seamless integration of diverse components within power systems. Inadequacies in the overall functioning of the power infrastructure can result from odd communication protocols and incompatibilities between devices made by different manufacturers. However, the risk of system failures and outages can be increased by incompatibility, which can lead to miscommunications, hampered coordination amongst different components of the power grid, and data transmission errors.
COVID-19 Impact
The pandemic caused significant disruptions in global supply chains due to lockdown measures, travel restrictions, and factory closures. Manufacturing, shipping, and delivery delays resulted from these disruptions to the supply and production of electric power regulators. Moreover, the pandemic's economic hardships and uncertainty caused investments in new power infrastructure projects to be postponed. Many companies and governments have decided to delay or reduce their plans to modernize and expand their power distribution and generation networks. There was an indirect effect of this delay on the market for electric power regulators.
The industrial segment is expected to be the largest during the forecast period
The industrial segment is estimated to hold the largest share. Complex machinery and delicate equipment are frequently used in industrial processes, necessitating a steady and controlled power supply. Industrial-grade electric power regulators are essential for maintaining voltage levels within predetermined tolerances in the face of grid fluctuations. Moreover, in order to avoid damaging equipment, increase process efficiency, and uphold product quality standards, voltage regulation is especially important. Higher power loads can be handled by industrial-grade electric power regulators, which also provide robustness and durability in demanding operating conditions.
The single phase segment is expected to have the highest CAGR during the forecast period
The single phase segment is anticipated to have lucrative growth during the forecast period Single-phase voltage regulators in electric power regulators are essential for controlling and regulating electrical power in systems that use a single-alternating current (AC) waveform. Single-phase regulators are necessary for applications at home, in small businesses, and in some industrial settings. They operate on two conductors, typically a phase conductor and a neutral conductor. Protecting delicate electronic appliances and devices that are frequently found in homes, offices, and small businesses requires single-phase regulators. Compact designs, easy-to-use controls, and adaptability to a variety of load conditions define the electric power regulator for single-phase solutions, which is indicative of the crucial role they play in offering a reliable power supply for a variety of common applications.
Region with largest share:
North America commanded the largest market share during the extrapolated period. North America is a vibrant, technologically sophisticated region with a strong energy system. Energy efficiency is becoming more and more important and smart grid technologies and digital voltage regulation solutions are driving the market in North America. Furthermore, the region's emphasis on improving grid resilience, streamlining energy distribution, and adhering to changing environmental standards is driving demand for creative and intelligent voltage regulators in this region.
Region with highest CAGR:
Europe is expected to witness profitable growth over the projection period. Europe emerges as a diverse and innovative region characterized by a dynamic energy landscape. Europe is home to both developed and developing economies, and as such, it is heavily focused on industrial automation, integration of renewable energy sources, and regulatory frameworks. Additionally, European countries are actively investing in smart grid technologies, fostering the deployment of digital voltage regulators, and advancing their power infrastructure. New Electric Power Regulator technologies are also being adopted as a result of the drive for industrial automation and the digitalization of energy systems. The region is a major force in determining the global landscape of electric power regulators because of its creative thinking and dedication to sustainable practices.
Key players in the market:
Some of the key players in the Electric Power Regulator Market include ABB, Microchip Technology Inc., Eaton, Infineon Technologies AG, Siemens, Schweitzer Engineering Laboratories, Inc., Exar Corporation, Renesas Electronics Corporation, General Electric, Toshiba Energy Systems & Solutions Corporation , Hindustan Power Control System, Maschinenfabrik Reinhausen GmbH. A, Selvon Instruments Pvt. Ltd., Basler Electric and J. Schneider Elektrotechnik GmbH.
Key Developments:
In March 2023, Eaton and Sun verge, the provider of an industry-leading distributed energy resource (DER) control, orchestration and aggregation platform, announced expanded collaboration to enable dynamic utility management of home electric vehicle (EV) charging infrastructure.
In October 2021, Microchip and Acacia Collaborate to Enable Market Transition to 400G Pluggable Coherent Optics for Data Center Routing, Switching and Metro OTN Platforms.
Products Covered:
- Switching
- Linear
Voltages Covered:
- ≤ 40 kVA
- > 40 kVA to 250 kVA
- > 250 kVA
Phases Covered:
- Single Phase
- Three Phase
Applications Covered:
- Industrial
- Residential
- Commercial
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Electric Power Regulator Market, By Product
- 5.1 Introduction
- 5.2 Switching
- 5.3 Linear
6 Global Electric Power Regulator Market, By Voltage
- 6.1 Introduction
- 6.2 ≤ 40 kVA
- 6.3 > 40 kVA to 250 kVA
- 6.4 > 250 kVA
7 Global Electric Power Regulator Market, By Phase
- 7.1 Introduction
- 7.2 Single Phase
- 7.3 Three Phase
8 Global Electric Power Regulator Market, By Application
- 8.1 Introduction
- 8.2 Industrial
- 8.3 Residential
- 8.4 Commercial
9 Global Electric Power Regulator Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 ABB
- 11.2 Microchip Technology Inc.
- 11.3 Eaton
- 11.4 Infineon Technologies AG
- 11.5 Siemens
- 11.6 Schweitzer Engineering Laboratories, Inc.
- 11.7 Exar Corporation
- 11.8 Renesas Electronics Corporation
- 11.9 General Electric
- 11.10 Toshiba Energy Systems & Solutions Corporation
- 11.11 Hindustan Power Control System
- 11.12 Maschinenfabrik Reinhausen GmbH. A
- 11.13 Selvon Instruments Pvt. Ltd.
- 11.14 Basler Electric
- 11.15 J. Schneider Elektrotechnik GmbH
List of Tables
- Table 1 Global Electric Power Regulator Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Electric Power Regulator Market Outlook, By Product (2021-2030) ($MN)
- Table 3 Global Electric Power Regulator Market Outlook, By Switching (2021-2030) ($MN)
- Table 4 Global Electric Power Regulator Market Outlook, By Linear (2021-2030) ($MN)
- Table 5 Global Electric Power Regulator Market Outlook, By Voltage (2021-2030) ($MN)
- Table 6 Global Electric Power Regulator Market Outlook, By ≤ 40 kVA (2021-2030) ($MN)
- Table 7 Global Electric Power Regulator Market Outlook, By > 40 kVA to 250 kVA (2021-2030) ($MN)
- Table 8 Global Electric Power Regulator Market Outlook, By > 250 kVA (2021-2030) ($MN)
- Table 9 Global Electric Power Regulator Market Outlook, By Phase (2021-2030) ($MN)
- Table 10 Global Electric Power Regulator Market Outlook, By Single Phase (2021-2030) ($MN)
- Table 11 Global Electric Power Regulator Market Outlook, By Three Phase (2021-2030) ($MN)
- Table 12 Global Electric Power Regulator Market Outlook, By Application (2021-2030) ($MN)
- Table 13 Global Electric Power Regulator Market Outlook, By Industrial (2021-2030) ($MN)
- Table 14 Global Electric Power Regulator Market Outlook, By Residential (2021-2030) ($MN)
- Table 15 Global Electric Power Regulator Market Outlook, By Commercial (2021-2030) ($MN)
- Table 16 North America Electric Power Regulator Market Outlook, By Country (2021-2030) ($MN)
- Table 17 North America Electric Power Regulator Market Outlook, By Product (2021-2030) ($MN)
- Table 18 North America Electric Power Regulator Market Outlook, By Switching (2021-2030) ($MN)
- Table 19 North America Electric Power Regulator Market Outlook, By Linear (2021-2030) ($MN)
- Table 20 North America Electric Power Regulator Market Outlook, By Voltage (2021-2030) ($MN)
- Table 21 North America Electric Power Regulator Market Outlook, By ≤ 40 kVA (2021-2030) ($MN)
- Table 22 North America Electric Power Regulator Market Outlook, By > 40 kVA to 250 kVA (2021-2030) ($MN)
- Table 23 North America Electric Power Regulator Market Outlook, By > 250 kVA (2021-2030) ($MN)
- Table 24 North America Electric Power Regulator Market Outlook, By Phase (2021-2030) ($MN)
- Table 25 North America Electric Power Regulator Market Outlook, By Single Phase (2021-2030) ($MN)
- Table 26 North America Electric Power Regulator Market Outlook, By Three Phase (2021-2030) ($MN)
- Table 27 North America Electric Power Regulator Market Outlook, By Application (2021-2030) ($MN)
- Table 28 North America Electric Power Regulator Market Outlook, By Industrial (2021-2030) ($MN)
- Table 29 North America Electric Power Regulator Market Outlook, By Residential (2021-2030) ($MN)
- Table 30 North America Electric Power Regulator Market Outlook, By Commercial (2021-2030) ($MN)
- Table 31 Europe Electric Power Regulator Market Outlook, By Country (2021-2030) ($MN)
- Table 32 Europe Electric Power Regulator Market Outlook, By Product (2021-2030) ($MN)
- Table 33 Europe Electric Power Regulator Market Outlook, By Switching (2021-2030) ($MN)
- Table 34 Europe Electric Power Regulator Market Outlook, By Linear (2021-2030) ($MN)
- Table 35 Europe Electric Power Regulator Market Outlook, By Voltage (2021-2030) ($MN)
- Table 36 Europe Electric Power Regulator Market Outlook, By ≤ 40 kVA (2021-2030) ($MN)
- Table 37 Europe Electric Power Regulator Market Outlook, By > 40 kVA to 250 kVA (2021-2030) ($MN)
- Table 38 Europe Electric Power Regulator Market Outlook, By > 250 kVA (2021-2030) ($MN)
- Table 39 Europe Electric Power Regulator Market Outlook, By Phase (2021-2030) ($MN)
- Table 40 Europe Electric Power Regulator Market Outlook, By Single Phase (2021-2030) ($MN)
- Table 41 Europe Electric Power Regulator Market Outlook, By Three Phase (2021-2030) ($MN)
- Table 42 Europe Electric Power Regulator Market Outlook, By Application (2021-2030) ($MN)
- Table 43 Europe Electric Power Regulator Market Outlook, By Industrial (2021-2030) ($MN)
- Table 44 Europe Electric Power Regulator Market Outlook, By Residential (2021-2030) ($MN)
- Table 45 Europe Electric Power Regulator Market Outlook, By Commercial (2021-2030) ($MN)
- Table 46 Asia Pacific Electric Power Regulator Market Outlook, By Country (2021-2030) ($MN)
- Table 47 Asia Pacific Electric Power Regulator Market Outlook, By Product (2021-2030) ($MN)
- Table 48 Asia Pacific Electric Power Regulator Market Outlook, By Switching (2021-2030) ($MN)
- Table 49 Asia Pacific Electric Power Regulator Market Outlook, By Linear (2021-2030) ($MN)
- Table 50 Asia Pacific Electric Power Regulator Market Outlook, By Voltage (2021-2030) ($MN)
- Table 51 Asia Pacific Electric Power Regulator Market Outlook, By ≤ 40 kVA (2021-2030) ($MN)
- Table 52 Asia Pacific Electric Power Regulator Market Outlook, By > 40 kVA to 250 kVA (2021-2030) ($MN)
- Table 53 Asia Pacific Electric Power Regulator Market Outlook, By > 250 kVA (2021-2030) ($MN)
- Table 54 Asia Pacific Electric Power Regulator Market Outlook, By Phase (2021-2030) ($MN)
- Table 55 Asia Pacific Electric Power Regulator Market Outlook, By Single Phase (2021-2030) ($MN)
- Table 56 Asia Pacific Electric Power Regulator Market Outlook, By Three Phase (2021-2030) ($MN)
- Table 57 Asia Pacific Electric Power Regulator Market Outlook, By Application (2021-2030) ($MN)
- Table 58 Asia Pacific Electric Power Regulator Market Outlook, By Industrial (2021-2030) ($MN)
- Table 59 Asia Pacific Electric Power Regulator Market Outlook, By Residential (2021-2030) ($MN)
- Table 60 Asia Pacific Electric Power Regulator Market Outlook, By Commercial (2021-2030) ($MN)
- Table 61 South America Electric Power Regulator Market Outlook, By Country (2021-2030) ($MN)
- Table 62 South America Electric Power Regulator Market Outlook, By Product (2021-2030) ($MN)
- Table 63 South America Electric Power Regulator Market Outlook, By Switching (2021-2030) ($MN)
- Table 64 South America Electric Power Regulator Market Outlook, By Linear (2021-2030) ($MN)
- Table 65 South America Electric Power Regulator Market Outlook, By Voltage (2021-2030) ($MN)
- Table 66 South America Electric Power Regulator Market Outlook, By ≤ 40 kVA (2021-2030) ($MN)
- Table 67 South America Electric Power Regulator Market Outlook, By > 40 kVA to 250 kVA (2021-2030) ($MN)
- Table 68 South America Electric Power Regulator Market Outlook, By > 250 kVA (2021-2030) ($MN)
- Table 69 South America Electric Power Regulator Market Outlook, By Phase (2021-2030) ($MN)
- Table 70 South America Electric Power Regulator Market Outlook, By Single Phase (2021-2030) ($MN)
- Table 71 South America Electric Power Regulator Market Outlook, By Three Phase (2021-2030) ($MN)
- Table 72 South America Electric Power Regulator Market Outlook, By Application (2021-2030) ($MN)
- Table 73 South America Electric Power Regulator Market Outlook, By Industrial (2021-2030) ($MN)
- Table 74 South America Electric Power Regulator Market Outlook, By Residential (2021-2030) ($MN)
- Table 75 South America Electric Power Regulator Market Outlook, By Commercial (2021-2030) ($MN)
- Table 76 Middle East & Africa Electric Power Regulator Market Outlook, By Country (2021-2030) ($MN)
- Table 77 Middle East & Africa Electric Power Regulator Market Outlook, By Product (2021-2030) ($MN)
- Table 78 Middle East & Africa Electric Power Regulator Market Outlook, By Switching (2021-2030) ($MN)
- Table 79 Middle East & Africa Electric Power Regulator Market Outlook, By Linear (2021-2030) ($MN)
- Table 80 Middle East & Africa Electric Power Regulator Market Outlook, By Voltage (2021-2030) ($MN)
- Table 81 Middle East & Africa Electric Power Regulator Market Outlook, By ≤ 40 kVA (2021-2030) ($MN)
- Table 82 Middle East & Africa Electric Power Regulator Market Outlook, By > 40 kVA to 250 kVA (2021-2030) ($MN)
- Table 83 Middle East & Africa Electric Power Regulator Market Outlook, By > 250 kVA (2021-2030) ($MN)
- Table 84 Middle East & Africa Electric Power Regulator Market Outlook, By Phase (2021-2030) ($MN)
- Table 85 Middle East & Africa Electric Power Regulator Market Outlook, By Single Phase (2021-2030) ($MN)
- Table 86 Middle East & Africa Electric Power Regulator Market Outlook, By Three Phase (2021-2030) ($MN)
- Table 87 Middle East & Africa Electric Power Regulator Market Outlook, By Application (2021-2030) ($MN)
- Table 88 Middle East & Africa Electric Power Regulator Market Outlook, By Industrial (2021-2030) ($MN)
- Table 89 Middle East & Africa Electric Power Regulator Market Outlook, By Residential (2021-2030) ($MN)
- Table 90 Middle East & Africa Electric Power Regulator Market Outlook, By Commercial (2021-2030) ($MN)
