The demand for dependable power supplies in developing countries is another major factor driving revenue growth of the Automatic Voltage Stabilizer market
The global Automatic Voltage Stabilizer Market size was USD 20.1 Billion in 2022 and is expected to reach USD 31.03 Billion in 2032, and register a revenue CAGR of 5% during the forecast period. The demand for Automatic Voltage Stabilizers is rising in a variety of sectors, including healthcare, manufacturing, and the automotive industry. Other factors driving the market revenue growth include the need for dependable power supply in emerging economies and rising popularity of energy-efficient solutions.
Rising demand from various end-use industries is one of the key reasons driving revenue growth of the Automatic Voltage Stabilizer market. For instance, Automatic Voltage Stabilizers are being used more frequently in the healthcare sector to maintain a steady power supply for medical equipment and gadgets. Similar to other industries, manufacturing uses Automatic Voltage Stabilizers to safeguard expensive machinery and guarantee a steady power supply for effective production procedures. Automatic Voltage Stabilizers are also in greater demand in the automobile sector due to the smooth operation of electronic components in cars.
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Major Companies:
- ABB Ltd.
- Siemens AG
- Toshiba Corporation
- Eaton Corporation
- Schneider Electric SE
- Legrand SA
- Havells India Limited
- V-Guard Industries Ltd.
- Panasonic Corporation
- Furukawa Electric Co. Ltd.
- Hitachi Ltd.
- BHEL
Key questions addressed in the report:
- What is the expected market size of the global Automatic Voltage Stabilizer market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Automatic Voltage Stabilizer market?
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Automatic Voltage Stabilizer Market Segmentation:
By Type Outlook:
- Automatic Voltage Regulator
- Static Voltage Stabilizer
- Others
By End-Use Outlook:
- Industrial
- Commercial
- Residential
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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