Voltage Regulator Market to Reach $4.7 billion, Globally, by 2033 at 5.3% CAGR

Allied Market Research

PORTLAND, Ore., April 30, 2024 /PRNewswire/ -- Voltage regulators are crucial in maintaining the performance of electrical systems by precisely controlling voltage levels. The voltage regulators market is expected to expand, promoting sustainable and decentralized energy infrastructure. Increase in investment towards the development of renewable energy resources and construction of smart cities across the developed and developing countries have a positive impact on the voltage regulator market.

Allied Market Research published a report, titled, "Voltage Regulator Market by Type (Linear and Switching), Technology (Electro-Mechanical Voltage Regulator, Electronic Tap-Switching Voltage Regulator, and Ferro-Resonant Voltage Regulator), Phase (Single Phase and Three Phase), Voltage (Less than 250 kVA, 250 KVA to 500 kVA, and More than 500 kVA), and Application (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the "voltage regulator market" was valued at $2.8 billion in 2023, and is estimated to reach $4.7 billion by 2033, growing at a CAGR of 5.3% from 2024 to 2033.

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Prime determinants of voltage regulator market growth

The voltage regulator market is experiencing growth due to several factors such as increase in demand for power quality, rise in demand for electronics and electrical appliances, and increase in number of infrastructure development projects. However, the volatility of raw material prices and challenges in voltage regulation for high-voltage systems hinder the market growth. Moreover, the expansion of smart grid infrastructure and the growing industrialization of emerging economies provide opportunities for expanding the voltage regulator market.

Report coverage & details:

Report Coverage	Details
Forecast Period	2023–2033
Base Year	2023
Market Size in 2023