Dynamic Voltage Restorer Market - Global Industry Analysis 2020

The prime function of dynamic voltage restorer (DVR) is to reduce the voltage sags on power lines that supply power to sensitive equipments. The DVR is principally accountable for restoring the quality of voltage supplied to the end-user in case the voltage from the supply is not suitable to be used for sensitive devices. DVR allow consumers to isolate and protect devices from disturbances developed by sags and swells on the distribution network or power lines. Additionally, DVRs can also be used to address the trouble of harmonics generated by non-linear load in manufacturing machinery setup.

Power quality issues add to the increase in the use of DVR products in every field. Additionally, increased utilization of industrial electronics and power electronic devices, demand for improved reliability over distribution networks and increasing number of research and development activities are some of the factors supporting the growth of DVR market. Moreover, low cost maintenance enabled by DVR further enhances its likability for power management. The demand DVR comes from utilities and process industries that are continuously implementing computer-controlled and automated manufacturing processes for improving productivity and to stay competitive.

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Furthermore, growth in industrialization within emerging countries is motivating manufacturers to take a more serious action for alleviating power quality problems, thus stimulating the demand for DVRs. However, lack of awareness among end-users about power quality issue is limiting the DVR market growth. Hence, vendors need to fruitfully educate end-users about DVRs as the best solution for managing voltage sags in devices and present the reasons for happening of these sags and the essential corrective actions.

North America accounted for the largest share of dynamic voltage restorer market in 2012. This is owing to presence of numerous world class manufacturing facilities and higher awareness about DVRs in the region. DVR market is growing at a high rate in Asia-Pacific and expected to witness double digit growth rate over the forecast period. In the last few years, countries within Asia-Pacific such as South Korea, China, Japan and Taiwan have attracted significant capital investments owing to the cost and efficiency advantages that companies accrue by setting up production base in the region. Higher capital investment by voltage sensitive manufacturing companies has led to a greater demand for DVRs.

Additionally, fast growing semiconductor industry, which relies chiefly on regions such as Taiwan and China for semiconductor fabrication, is spurring the demand for dynamic voltage restorers in the region. Presently, these semiconductor companies are assigning considerable amount of funds to research and development activities, for offering technically advanced products at reasonable prices to the end users.

The dynamic voltage restorer market is segmented by voltage level and end-user industries. DVR operates on two voltage levels as low and medium voltage levels. Multiple end-user industries served by DVR comprises of utilities (distribution and transmission companies), automotive manufacturing, chemical plants, steel plants, process industries (semiconductor plants, plastic manufacturers, paper mills), mining industry, electronics (computer manufacturers and consumer electronics). Some of the major companies in the market include ABB Ltd., S&C Electric Company, American Superconductor Corporation and Hykon Power Electronics Private Ltd. among others.

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