Market Overview:
The global voltage stabilizers for home appliance 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 voltage stabilizers in developing countries, owing to the rising number of electrical appliances in residential and commercial establishments. In addition, the growing awareness about power-related issues and their impact on electronic equipment is also propelling the demand for voltage stabilizers across different applications such as televisions (TVs), air conditioners (ACs), refrigerators, and others. Based on type, the global voltage stabilizers for home appliance market can be segmented into single phase and three phase types. Among these, single phase type held a dominant share in 2017 and is expected to maintain its lead during the forecast period. This can be attributed to its low cost as compared with three phase type and easy installation process.
Product Definition:
A voltage stabilizer is a device used to maintain a constant voltage level in an electrical circuit. Voltage stabilizers are important for home appliances because they help to ensure that the appliance operates reliably and consistently.
Single Phase:
Single-phase electricity is the normal power supply used in household appliances. It has a voltage range of 120 to 240 volts and frequency of 60 hertz. Single phase is the most common type of power supply in use across the world today.
The single-phase market size was valued at USD 6,867 million in 2015 and it is expected to grow at a CAGR (Compound Annual Growth Rate) of 4% from 2016 to 2024.
Three Phase:
Three phase voltage stabilizers are used to protect the appliances from fluctuations in power supply. It helps in maintaining the stability of voltage across an entire region or country. The three-phase voltage stabilizer is a device that helps to stabilize voltages which occur due to fluctuation in electric supply and also prevents damage of sensitive electronic components, especially during startup and shutdowns of electrical systems.
Application Insights:
The TV application segment led the global voltage stabilizers for home appliances market in 2017. This can be attributed to growing demand for smart TVs with enhanced features and improved performance. The increasing number of consumers opting for smart TVs over conventional television sets is expected to drive the product demand over the forecast period.
The air conditioner application segment is projected to witness significant growth during the forecast period owing to rising consumer awareness regarding energy conservation and need for maintaining efficient air conditioning systems at affordable costs. Moreover, manufacturers are introducing innovative products that meet evolving customer requirements while offering cost-efficient solutions, which will further propel market growth during the study period. For instance, in July 2017, Carrier Corporation introduced a new heating and cooling system - Ductless Mini splits that uses no electricity or gas; it only works on water; this innovation is expected to generate high interest among customers resulting in increased product penetration across various end-use applications including refrigerators over next few years.
Regional Analysis:
North America was the largest market for voltage stabilizers in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for smart homes, which require stable power supply. Moreover, growing adoption of smart devices such as smartphones and tablets has increased the need to protect these devices from damage caused by sudden fluctuations in electricity supply. This necessitates installation of stabilizers across North America.
Asia Pacific is anticipated to be one of the fastest-growing regions owing to rising disposable income levels coupled with increasing consumer awareness regarding health issues associated with electric shock caused by unstable power supplies.
Growth Factors:
- Increasing demand for voltage stabilizers in the home appliance market due to the increase in number of electronic appliances
- Growing awareness about the benefits of using voltage stabilizers among consumers
- Rising disposable income of consumers, which enables them to invest in premium quality voltage stabilizers
- Proliferation of online retail channels, which offers a variety of voltage stabilizers at competitive prices to consumers
- Technological advancements that have led to the development of advanced and more efficient voltage stabilizers
Scope Of The Report
Report Attributes
Report Details
Report Title
Voltage Stabilizers for Home Appliance Market Research Report
By Type
Single Phase, Three Phase
By Application
TV, Air Conditioner, Refrigerator, Other
By Companies
V-Guard Industries Ltd, Luminous, Livguard, Servokon, Microtek, Giomex, Candes, Zodin, Monitor, Dachi, Keeline, Capri
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Voltage Stabilizers for Home Appliance Market Report Segments:
The global Voltage Stabilizers for Home Appliance market is segmented on the basis of:
Types
Single Phase, Three Phase
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
TV, Air Conditioner, Refrigerator, 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:
- V-Guard Industries Ltd
- Luminous
- Livguard
- Servokon
- Microtek
- Giomex
- Candes
- Zodin
- Monitor
- Dachi
- Keeline
- Capri
Highlights of The Voltage Stabilizers for Home Appliance 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
- Three Phase
- By Application:
- TV
- Air Conditioner
- Refrigerator
- 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 Voltage Stabilizers for Home Appliance 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 voltage stabilizer is a device that helps to maintain the voltage of an appliance, such as a refrigerator or television.
Some of the major players in the voltage stabilizers for home appliance market are V-Guard Industries Ltd, Luminous, Livguard, Servokon, Microtek, Giomex, Candes, Zodin, Monitor, Dachi, Keeline, Capri.
The voltage stabilizers for home appliance 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 Voltage Stabilizers for Home Appliance 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 Voltage Stabilizers for Home Appliance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Voltage Stabilizers for Home Appliance 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 Voltage Stabilizers for Home Appliance 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 Voltage Stabilizers for Home Appliance Market Size & Forecast, 2020-2028
4.5.1 Voltage Stabilizers for Home Appliance Market Size and Y-o-Y Growth
4.5.2 Voltage Stabilizers for Home Appliance Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Single Phase
5.2.2 Three Phase
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 TV
6.2.2 Air Conditioner
6.2.3 Refrigerator
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Voltage Stabilizers for Home Appliance 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 Voltage Stabilizers for Home Appliance 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Single Phase
9.6.2 Three Phase
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 Market Size Forecast by Applications
9.10.1 TV
9.10.2 Air Conditioner
9.10.3 Refrigerator
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Single Phase
10.6.2 Three Phase
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 Market Size Forecast by Applications
10.10.1 TV
10.10.2 Air Conditioner
10.10.3 Refrigerator
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Single Phase
11.6.2 Three Phase
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 Market Size Forecast by Applications
11.10.1 TV
11.10.2 Air Conditioner
11.10.3 Refrigerator
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Single Phase
12.6.2 Three Phase
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 Market Size Forecast by Applications
12.10.1 TV
12.10.2 Air Conditioner
12.10.3 Refrigerator
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Single Phase
13.6.2 Three Phase
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) Market Size Forecast by Applications
13.10.1 TV
13.10.2 Air Conditioner
13.10.3 Refrigerator
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 Voltage Stabilizers for Home Appliance Market: Competitive Dashboard
14.2 Global Voltage Stabilizers for Home Appliance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 V-Guard Industries Ltd
14.3.2 Luminous
14.3.3 Livguard
14.3.4 Servokon
14.3.5 Microtek
14.3.6 Giomex
14.3.7 Candes
14.3.8 Zodin
14.3.9 Monitor
14.3.10 Dachi
14.3.11 Keeline
14.3.12 Capri
