The latest report by IMARC Group, titled “Voltage Regulators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” offers a comprehensive analysis of the industry, which comprises insights on the global voltage regulators market share. The global market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
A voltage regulator is a component of a power supply system that ensures a steady and constant output voltage supply regardless of a change in the load or input voltage. It comprises a pass element, reference voltage, feedback circuit, and control circuit and is available as linear voltage and switching voltage regulators. It receives the voltage from a different power supply and maintains it in a range that is appropriate for various electrical components in the system. It helps display various protective functions, such as overvoltage protection, thermal shutdown, and current limiting. As a voltage regulator is reliable and efficient, it is utilized in the electronics, automotive, and power distribution sectors across the globe.
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Voltage Regulators Market Trends and Drivers:
At present, the increasing demand for automatic voltage regulators (AVR) in manufacturing smart electronic devices, such as washing machines, air-conditioners (ACs), televisions (TVs), microwaves, and coffee makers, represents one of the primary factors influencing the market positively. Besides this, the rising installation of heating, ventilation, and air conditioning (HVAC) systems in residential and commercial buildings is strengthening the growth of the market. In addition, the growing utilization of electricity in running heavy machinery in various industries is offering a favorable market outlook. Moreover, the increasing utilization of electric vehicles (EVs) to reduce fuel consumption and emission of automobile exhausts is bolstering the growth of the market.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Topology:
- Electro-mechanical Voltage Regulation
- Electronic Tap-Switching Voltage Regulation
- Ferro-resonant Voltage Regulation
Breakup by Type:
- Linear Voltage Regulator
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- Breakup by Connection Type
- Series
- Shunt
- Breakup by Product Type
- Breakup by Connection Type
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- Low Drop Out (LDO)
- Standard
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- Switching Voltage Regulator
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- Breakup by Product Type
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- Step-Down (Buck)
- Step-Up (Boost)
- Step-Down/Step-Up (Buck-Boost)
- Inverting
Breakup by End-Use Industry:
- Electronics
- Power Transmission and Distribution
- Automotive
- Industrial Automation
- Others
Breakup by Region:
- North America (U.S. Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East Africa
Competitive Landscape with Key Player:
- ABB Ltd
- Analog Devices, Inc.
- Eaton Corporation plc
- The General Electric Company
- Howard Industries
- Infineon Technologies AG
- J. Schneider Elektrotechnik GmbH
- NXP Semiconductors N.V.
- Schweitzer Engineering Laboratories, Inc.
- Siemens Aktiengesellschaft
- STMicroelectronics SA
- Texas Instruments Inc.
- Toshiba Corporation.
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