Technavio’s recent report titled Global Automatic Voltage Stabilizer Market 2022-2026, addresses aspects like: Market Drivers and Market Challenges.
One of the main factors promoting the growth of the automatic voltage stabilizer market is the expanding use of Industry 4.0 globally. Industries like food and beverage, oil and gas, paper, pharmaceuticals, and others are starting to adopt Industry 4.0. Several sectors are also embracing process automation since technology requires less manual labour and promotes greater productivity, effectiveness, dependability, and safety.
Voltage stabilizers are a fundamental part of every intelligent industrial machinery because their distinct solutions give the machinery the functionality it needs. Therefore, the market is anticipated to have favourable growth over the course of the projected period as Business 4.0 continues to delve further into various industry verticals. However, factors such as the threat from refurbished and counterfeit products will challenge market growth.
Automatic Voltage Stabilizer Market Vendors
The automatic voltage stabilizer market report is segmented by Type (Single phase automatic voltage stabilizers and Three phase automatic voltage stabilizers), Application (Commercial, Industrial, and Household), and Geography (APAC, North America, Europe, South America, and the Middle East and Africa). APAC will be the leading region with 38% of the market’s growth during the forecast period.
Some Leading Companies
ABB Ltd.: The company provides flexibility and productivity for operations through the combination of robotics and machine automation.
Ashley Edison International Ltd.: The company offers variable transformers, AC power line transformers, voltage stabilizers, and frequency converters.
Eaton Corp. Plc: The company offers electrical components, industrial components, power distribution and assemblies, residential products, single and three-phase power quality, wiring devices, circuit protection, utility power distribution, power reliability equipment, and services that are primarily produced and sold in North and America.
General Electric Co: The company offers a range of technologies and solutions related to energy production, including gas and steam turbines, engines, generators, high voltage equipment, power generation services, and digital solutions.
Microtek International Pvt. Ltd.: The company offers power backup solutions, voltage solutions, solar energy, wires and cables, circuit protection devices, and healthcare.