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Voltage Stabilizer System Market: An Insight On the Important Factors and Trends Influencing the Market

01-29-2018 09:53 AM CET | Energy & Environment

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Voltage Stabilizer System Market: An Insight On the Important

A voltage stabilizer is used for ensuring a steady level of voltage automatically for various electrical gadgets to prevent them from any kind of damage due to voltage fluctuations. These systems are predominantly used for regulating DC and AC voltages. The unprecedented rise in the consumption of power has led a significant demand for voltage stabilizer systems.

The research report states that the global voltage stabilizer systems market is likely to be worth US$25.39 bn by the end of 2024 as compared to US$14.11 bn in 2015. Between the forecast period of 2016 and 2024, the global market is projected to expand at a CAGR of 6.66%.

Rising Expenditure on Consumer Electronics to Propel Market Growth

The growing demand for voltage stabilizer systems is attributable to the increasing adoption of building automation, especially in the developing regions, which face a major power crunch. Furthermore, the growing disposable incomes being spent on consumer electronics has also augmented the demand for voltage stabilizer systems.

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The report predicts that ongoing upgradation of transmission and power distribution networks in developed regions will also make significant difference to the escalating revenue of the global market.

However, the market does face a few challenges such as the emerging trend of the green revolution. As consumers and governments are vying to bring down the carbon emissions, both the parties are expected to reduce the expenditure on electronics, thereby cutting down the need for voltage stabilizer systems.

Building Automation Shows Steady Growth as Consumers Seek Safety

In terms of application, the global voltage stabilizer systems market is segmented into HVAC, building automation, industries (other than power), communication systems, power transmission and distribution, and consumer electronics. Of these, building automation leads the pack due to the growing demand for automation and centralized access in developed regions.

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On the basis of geography, the global voltage stabilizer system market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Of these regions, the North America voltage stabilizer systems market is expected to grow at a phenomenal pace due to extensive usage in building automation in the region. Europe and Asia-Pacific are expected to follow suit in the coming years.

Asia Pacific is expected to offer lucrative opportunities to the overall market as the region is adopting voltage stabilizer systems with the expansion of power distribution and transmission networks. As the developing countries are looking at connecting cities and villages with power transmission and distribution systems, the demand is slated to show a continuous rise.

The key players operating in the global voltage stabilizer systems market are Siemens AG, Voltas Limited, V-Guard Industries Ltd, Kon?ar Group, and Reinhausen Group among many others. The competitive landscape of the global market is quite fragmented due to the presence of several players. These companies are expected to focus on research and development to launch improved products that deliver efficiency.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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