Voltage Stabilizer Market

Voltage Stabilizer Market to Benefit from Rising Demand for Electricity in Emerging
Economies, to Exhibit 6.6% CAGR
The global voltage stabilizer systems market features a number of small and large players
operating within regional markets as well as on an international level, making up for a market
with an intense level of competition for market shares and growth opportunities, observes
Transparency Market Research in a recent report. Companies determined to hold sway are
focusing more on strategic collaborations, innovations, and expansion of their geographical
outreach and product portfolios. Some of the leading companies in the market are Reinhausen
Group, V-Guard Industries Ltd, Voltas Limited, Konar Group, and Siemens AG.
According to the report, the global market for voltage stabilizer systems will exhibit a promising
6.66% CAGR over the period between 2016 and 2024, rising to a revenue opportunity of
US$25.39 bn by 2024 from US$14.11 bn in 2015.
Rising Interest in Building Automation in North America Provide Promising Growth
Opportunities to Market
Of the key applications of voltage stabilizer systems covered in the report, the segment of
building automation presently accounts for a significant share in the overall market and is
expected to exhibit the fastest growth pace over the report’s forecast period. Applications of
voltage stabilizer systems across the building automation area are expected to allow the global
market a revenue opportunity of US$4.29 bn by 2024.
Geographically, the market for voltage stabilizer systems in North America is expected to
account for the dominant share of nearly 36% of the global market by the end of the report’s
forecast period. Rising adoption of automation in residential as well as industrial spaces in the
region will be the key to the increased demand for voltage stabilizer systems in the region in the
near future.
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Untapped Growth Opportunities in Power Distribution and Transmission Fields in
Developing Economies to Drive Market
One of the key growth factors for the global voltage stabilizer systems market is the vast set of
untapped growth opportunities in the field of power distribution and transmission in emerging
economies of India, Russia, China, Brazil, and South Africa. The rising demand for regular
electricity in these economies and the rising numbers of power distribution units to ensure
reliable and efficient power supply are expected to play a key role in the potential positive
expansion of the market over the next few years. Furthermore, the market in developed
economies is expected to benefit from increased demand for replacement and upgradation of
outdated elements in power distribution networks and infrastructures. Moreover, the rising global
consumption of consumer electronics products such as air conditioners, televisions, computers,
and refrigerators is also expected to drive the market.
However, the rising focus on energy conservation and increased adoption of renewable energy
sources as a way of reducing the carbon footprint of the power sector globally could hamper the
growth of the market to a certain extent, especially across developed countries in regions such as
North America and Europe that feature stringent environment protection regulations.
Furthermore, the well-established and highly efficient power distribution and transmission
infrastructure in developed economies could act as a hindrance for the market by alleviating the
need for voltage stabilizer systems.
This analysis of the global voltage stabilizer system market is based on a recent market research
report by Transparency Market Research, titled “Voltage Stabilizer System Market (Application
– Building Automation, HVAC System, Industrial (Other Power), Power Transmission and
Distribution System, Communication Systems, and Consumer Electronics) – Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2016–2024.”