Automatic Voltage Stabilizer Market: Current Analysis and Forecast (2022-2028)

Global Automatic Voltage Stabilizer Market is expected to grow at a significant rate of around 4% during the forecast period. An automatic voltage stabilizer is also called a voltage regulator or automatic voltage stabilizer that stabilizes the main supply voltage of a load as well as it is the features of interactive uninterruptible power supply and protects against power problems such as sags, surges, and brownouts. In recent years, the automatic voltage stabilizer has witnessed significant demand due to the increasing demand for the constant voltage supply to a load at its output terminal regardless of any fluctuation or change in input or incoming supply. Also, the automatic voltage stabilizer is used to protect electronic devices such as TV, AC, refrigerators, and others against the uneven flow of voltage. The automatic voltage stabilizer has a wide input voltage window (-40/20%) so that in case of lower supply voltage the automatic voltage stabilizer uses a transformer to boost the output voltage and in case of higher voltage supply the automatic voltage stabilizer reduced the voltage up to required operating range.

ABB Ltd., General Electric Co, Ashley Edison International Ltd., Schneider Electric SE, Voltas Ltd., Eaton Corp. Plc, Siemens AG, ACUPWR, Watford Control Instruments Ltd., and V-Guard Industries Ltd. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

"Amongst type, single-phase category to witness higher CAGR during the forecast period"

Based on type, the market is segmented into single-phase and three-phase. The single-phase automatic voltage stabilizer is expected to witness significant CAGR during the forecast period owing to the higher contribution of residential and commercial equipment such as AC, refrigerators, and other appliances. Also, the single-phase is suitable for low power supply and for small loads and its ability to maintain the power supply through one conductor. However, the share for a three-phase automatic voltage stabilizer is also expected to register significant growth due to its ability to deal with the greater voltage load.

"Amongst application, the residential segment to hold a significant share in the market in 2020"

Based on application, the automatic voltage stabilizer market has been classified into the commercial, residential, and industrial segments. The residential segment is expected to witness significant market growth during the forecast period owing to the requirement for the continuous flow of electricity and to avoid power failure due to the associated fluctuation in the input and output power supply. Also, ensuring human safety and enhancing the longevity of the appliance along with cost-effectiveness is expected to support the market growth for the residential segment.

"Asia-Pacific to hold a significant share in the market"

In 2020, Asia-Pacific held a significant share of the global automatic voltage stabilizers market. This is mainly due to the increasing demand for electricity by individuals and industries backed by growing disposable income and surging per capita spending of individuals in the emerging economies of the region is driving the growth of the market. Additionally, the growing population and infrastructural development in the region will create a demand for automatic voltage stabilizers. Moreover, the development of a new grid power system and aging power infrastructure, and associated overloading and fluctuation in the current flow at grid infrastructure will increase the demand for the automatic voltage stabilizer. Also, the increasing investment and research & development activities to provide technologically advanced products such as the incorporation of microprocessors, and control circuit units among others will propel the market growth in the future.  

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