November 16, 2021 11:15 EST | Source: Validated Market Research Validated Market Research
Boonton, New Jersey, U.S.
Jersey City, New Jersey, November 16, 2021 (GLOBE NEWSWIRE) - Verified Market Research recently released a report on the "automatic voltage regulator market" by type (single-phase automatic voltage regulator and three-phase Device), by application (commercial, household, and industry) and by geography. According to the data of Verified Market Research, the global automatic voltage stabilizer market is worth 18.45543 billion U.S. dollars in 2020 and is expected to reach 258.9944 billion U.S. dollars by 2028, with a compound annual growth rate of 4.60% from 2021 to 2028.
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Global automatic voltage stabilizer market overview
The role of automatic voltage regulator in the distribution network is very prominent, because it is used to maintain the reliable power and supply voltage of the entire distribution network without being affected by load conditions and fluctuations. In most developing countries, people are concerned about the stability and stability of electricity supply. The process of industrialization and urbanization of developing economies in the Asia-Pacific and Middle East regions has been accelerating, and huge amounts of money have been invested in the development of aging power infrastructure, which has created a demand for automatic voltage regulators. In response, there has been an increase in demand for automatic voltage regulators in residential and industrial applications worldwide. Overload is considered to be another factor that introduces voltage fluctuations. This can cause voltage fluctuations, thereby increasing the demand for automatic voltage regulators.
Due to the complexity of the circuit design, the cost of the regulator is more expensive compared with the traditional voltage regulator. Parameter adjustable power supplies belong to the category of AC (Ac) automatic voltage regulators, which are heavy, energy-consuming, noisy, and costly. These factors are attributed to limiting the growth of the market.
The main players in the market are Schneider Electric, Eaton, ABB, Siemens, Emerson, GE, Watford Controls, Elsis-Elektronik Sistemler Sanayi, Statron and Ashley-Edison International.
Proven market research has segmented the global automatic voltage stabilizer market based on type, application, and geography.
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