Market Overview:
The global fully automatic voltage regulators (FAVR) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for FAVRs from various end-use industries, such as automotive, electronic, and industrial. In addition, the growing awareness about energy conservation is also propelling the demand for FAVRs in developing countries across Asia Pacific and Latin America. Based on type, the global FAVR market can be segmented into single phase automatic voltage regulator (SAPVR) and three phase automatic voltage regulator (TPAR). The SAPVR segment is expected to account for a larger share of the global FAVR market in terms of revenue during the forecast period. This can be attributed to its growing popularity among consumers due to its low cost and easy installation process.
Product Definition:
A Fully Automatic Voltage Regulator (FAVR) is a device that is used to stabilize the voltage in an electrical system. The FAVR will maintain the voltage at a preset level, regardless of the fluctuations in the supply. This is important because it ensures that the equipment in the system operates reliably and consistently.
Single Phase Automatic Voltage Regulator:
Single-phase automatic voltage regulator (AVR) is a circuit that regulates the output voltage of an electric power supply. It can produce an accurate and stable output with less variation, which makes it suitable for applications such as solar systems, battery chargers, and other electronic devices. AVRs are used to improve the efficiency of electrical equipment by decreasing the energy losses during high load current conditions.
3 Phase Automatic Voltage Regulator:
3 phase automatic voltage regulator is a circuit that regulates the voltage of an electrical network. It does so by adjusting the current flow through the load according to its own speed and frequency. The load can be a group of electric devices or a single device like motor, compressor, etc. 3-phase AVR can regulate voltages in three different ways; it can stabilize/condition the output, it can filter noise from input signals and it also provides active power factor correction (ACPFC).
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growing demand for electric and hybrid vehicles is anticipated to have a positive impact on industry growth. Increasing investments by governments across various countries in order to promote adoption of electric vehicles is also likely to contribute positively towards market growth over the coming years.
The other application segment includes power generation, industrial automation, medical equipment, telecom equipment and others such as HVAC (heating, ventilation & cooling), UPS (uninterruptible power supply) systems etc. In recent times owing to technological advancements there has been an increased focus on energy efficiency across various industries which has resulted in a rise in demand for automatic voltage regulators with improved energy efficiency levels compared to conventional products available globally.
Regional Analysis:
Asia Pacific fully automatic voltage regulators market is expected to grow at the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing demand for electricity in emerging countries such as China and India. In 2017, China had a population of around 1.4 billion and it is the most populous country in the world, thus generating a large amount of power every day which needs to be distributed among various states through grids. Voltage regulators are used during peak hours or distribution periods when there’s more load on the grid so that there’s less strain on infrastructure; otherwise they're used during off-peak hours or generation periods when demand is low enough that existing infrastructure can handle it by itself without any help from voltage regulators (i.e., batteries).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid expansion of renewable energy sources such as solar and wind power
- Aging infrastructure requiring replacement or refurbishment
- Growing popularity of microgrids and distributed generation systems
- Proliferation of smart grid technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Fully Automatic Voltage Regulators Market Research Report
By Type
Single Phase Automatic Voltage Regulator, 3 Phase Automatic Voltage Regulator
By Application
Automotive, Electronic, Industrial, Other
By Companies
ABB, Schneider Electric, Siemens, Eaton, Emerson, GE, Watford Control, Elsis, Statron, Ashley Edison, Analog Devices, Renesas Electronics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Fully Automatic Voltage Regulators Market Report Segments:
The global Fully Automatic Voltage Regulators market is segmented on the basis of:
Types
Single Phase Automatic Voltage Regulator, 3 Phase Automatic Voltage Regulator
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Electronic, Industrial, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Schneider Electric
- Siemens
- Eaton
- Emerson
- GE
- Watford Control
- Elsis
- Statron
- Ashley Edison
- Analog Devices
- Renesas Electronics
Highlights of The Fully Automatic Voltage Regulators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Phase Automatic Voltage Regulator
- 3 Phase Automatic Voltage Regulator
- By Application:
- Automotive
- Electronic
- Industrial
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fully Automatic Voltage Regulators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fully automatic voltage regulator is a device that regulates the voltage of an electrical system. It does this by sensing the current and voltage levels in the system, and adjusting its output to maintain a set level.
Some of the major players in the fully automatic voltage regulators market are ABB, Schneider Electric, Siemens, Eaton, Emerson, GE, Watford Control, Elsis, Statron, Ashley Edison, Analog Devices, Renesas Electronics.
The fully automatic voltage regulators market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fully Automatic Voltage Regulators Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fully Automatic Voltage Regulators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fully Automatic Voltage Regulators Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fully Automatic Voltage Regulators Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fully Automatic Voltage Regulators Market Size & Forecast, 2018-2028
4.5.1 Fully Automatic Voltage Regulators Market Size and Y-o-Y Growth
4.5.2 Fully Automatic Voltage Regulators Market Absolute $ Opportunity
Chapter 5 Global Fully Automatic Voltage Regulators Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fully Automatic Voltage Regulators Market Size Forecast by Type
5.2.1 Single Phase Automatic Voltage Regulator
5.2.2 3 Phase Automatic Voltage Regulator
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fully Automatic Voltage Regulators Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fully Automatic Voltage Regulators Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Electronic
6.2.3 Industrial
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fully Automatic Voltage Regulators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fully Automatic Voltage Regulators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fully Automatic Voltage Regulators Analysis and Forecast
9.1 Introduction
9.2 North America Fully Automatic Voltage Regulators Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fully Automatic Voltage Regulators Market Size Forecast by Type
9.6.1 Single Phase Automatic Voltage Regulator
9.6.2 3 Phase Automatic Voltage Regulator
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fully Automatic Voltage Regulators Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Electronic
9.10.3 Industrial
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fully Automatic Voltage Regulators Analysis and Forecast
10.1 Introduction
10.2 Europe Fully Automatic Voltage Regulators Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fully Automatic Voltage Regulators Market Size Forecast by Type
10.6.1 Single Phase Automatic Voltage Regulator
10.6.2 3 Phase Automatic Voltage Regulator
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fully Automatic Voltage Regulators Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Electronic
10.10.3 Industrial
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fully Automatic Voltage Regulators Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fully Automatic Voltage Regulators Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fully Automatic Voltage Regulators Market Size Forecast by Type
11.6.1 Single Phase Automatic Voltage Regulator
11.6.2 3 Phase Automatic Voltage Regulator
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fully Automatic Voltage Regulators Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Electronic
11.10.3 Industrial
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fully Automatic Voltage Regulators Analysis and Forecast
12.1 Introduction
12.2 Latin America Fully Automatic Voltage Regulators Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fully Automatic Voltage Regulators Market Size Forecast by Type
12.6.1 Single Phase Automatic Voltage Regulator
12.6.2 3 Phase Automatic Voltage Regulator
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fully Automatic Voltage Regulators Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Electronic
12.10.3 Industrial
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fully Automatic Voltage Regulators Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fully Automatic Voltage Regulators Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fully Automatic Voltage Regulators Market Size Forecast by Type
13.6.1 Single Phase Automatic Voltage Regulator
13.6.2 3 Phase Automatic Voltage Regulator
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fully Automatic Voltage Regulators Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Electronic
13.10.3 Industrial
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fully Automatic Voltage Regulators Market: Competitive Dashboard
14.2 Global Fully Automatic Voltage Regulators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Schneider Electric
14.3.3 Siemens
14.3.4 Eaton
14.3.5 Emerson
14.3.6 GE
14.3.7 Watford Control
14.3.8 Elsis
14.3.9 Statron
14.3.10 Ashley Edison
14.3.11 Analog Devices
14.3.12 Renesas Electronics
