Press release
Voltage Regulators Market Update 2023: Predicted to Achieve US$ 3.8 Billion Revenue by 2028 - IMARC Group
Voltage Regulators Market Report 2023
Report Highlights
How big is the voltage regulators market?
The global voltage regulators market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
What is the voltage regulators?
A voltage regulator is a component of a power supply system that ensures a steady and constant output voltage supply regardless of a change in the load or input voltage. It comprises a pass element, reference voltage, feedback circuit, and control circuit and is available as linear voltage and switching voltage regulators. It receives the voltage from a different power supply and maintains it in a range that is appropriate for various electrical components in the system. It helps display various protective functions, such as overvoltage protection, thermal shutdown, and current limiting. As a voltage regulator is reliable and efficient, it is utilized in the electronics, automotive, and power distribution sectors across the globe.
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What are the growth prospects and trends in the voltage regulators industry?
At present, the increasing demand for automatic voltage regulators (AVR) in manufacturing smart electronic devices, such as washing machines, air-conditioners (ACs), televisions (TVs), microwaves, and coffee makers, represents one of the primary factors influencing the market positively. Besides this, the rising installation of heating, ventilation, and air conditioning (HVAC) systems in residential and commercial buildings is strengthening the growth of the market. In addition, the growing utilization of electricity in running heavy machinery in various industries is offering a favorable market outlook. Moreover, the increasing utilization of electric vehicles (EVs) to reduce fuel consumption and emission of automobile exhausts is bolstering the growth of the market.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Topology:
Electro-mechanical Voltage Regulation
Electronic Tap-Switching Voltage Regulation
Ferro-resonant Voltage Regulation
Breakup by Type:
Linear Voltage Regulator
Breakup by Connection Type
Series
Shunt
Breakup by Product Type
Low Drop Out (LDO)
Standard
Switching Voltage Regulator
Breakup by Product Type
Step-Down (Buck)
Step-Up (Boost)
Step-Down/Step-Up (Buck-Boost)
Inverting
Breakup by End Use Industry:
Electronics
Power Transmission and Distribution
Automotive
Industrial Automation
Others
Breakup by Region:
North America (U.S. Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East Africa
Who are the key players operating in the industry?
The report covers the major market players including:
ABB Ltd, Analog Devices, Inc.
Eaton Corporation plc
The General Electric Company
Howard Industries
Infineon Technologies AG
J. Schneider Elektrotechnik GmbH
NXP Semiconductors N.V.
Schweitzer Engineering Laboratories, Inc.
Siemens Aktiengesellschaft
STMicroelectronics SA
Texas Instruments Inc.
Toshiba Corporation
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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