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Global Voltage Stabilizer Systems Market: Trends, Opportunities and Forecasts 2024
Global Voltage Stabilizer Systems Market
In this system, the input current of the system is connected to primary windings and the output is received through secondary windings. Electromagnetic relays are activated when there is a drop in incoming voltage and that adds to the more number of turns in the secondary winding. This provides higher voltage compensate for the drop or loss in the voltage output. The reverse process happens when there is a rise in incoming voltage. Thus, the output voltage stays almost unchanged.
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One of the major driving force for Voltage Stabilizer System market is the growing percentage of people opting for building automation and HVAC system. Voltage stabilizer systems are expected to be majorly used in building automation, HVAC systems, and communication system. Furthermore, power transmission and distribution system also employ voltage stabilizer systems on a very large scale. Also, the increased use of voltage stabilizer in industrial applications apart from power is also forecasted to mainly drive the global voltage stabilizer system market over the next few years to come. This stabilizer is constantly and increasingly incorporated in these segments and also its application in new segments are increasingly driving global demand for these stabilizers.
Increasing usage of voltage stabilizer systems in building automation and heating, ventilation and air conditioning (HVAC) system is forecasted to increase the global market of voltage stabilizer over the forecast period of 2016-2024. These stabilizers are used to spontaneously keep the voltage level constant for the electrical equipment. Increasing industrialization and manufacturing industries require high amount of power and uninterrupted flow of power. These stabilizers help in a maintaining smooth transition of power. Thus saving electrical equipment from sudden shocks. These shocks otherwise can lead to damage in the machines and other equipment. Upgradation and replacement of old power systems in various countries are also driving the market.
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Voltage stabilizer system market is segmented on the basis of application and region. The segments are building automation, HVAC system, Industrial – Other than Power, Power Transmission and Distribution system, Communication Systems, Consumer Electronics and Others. On the basis of regional segmentation, Voltage Stabilizer System market is segmented into five regions such as North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America. Regionally, North America accounted for the largest market share in 2015 thereby leading the market. The region of Asia Pacific is forecasted to grow with the highest growth rate.
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