What is Voltage Stabilizer?
Voltage Stabilizers are electrical devices that provide a stable voltage output to a load at its output terminals irrespective of any variations in the input or incoming supply. The voltage stabilizers avoid the fluctuation or variations in electricity running in a circuit. AC Voltage, DC Voltage, Servo-controlled, and Static Voltage are the types of voltage used in various applications. The use of voltage stabilizers in commercial, residential, transportation, and power generation for constant electric flow drives the market growth. The increasing use of electrical appliances boosts the Voltage Stabilizers Market. Siemens, General Technologies, Voltas, Control Technologies FZE, Reinhausen, Get Electronique, EREMU S.A., and ACUPWAR are the key market players in the Voltage Stabilizers Market.
Here are some of the driving factors that are increasing opportunities for the Voltage Stabilizers market growth:
Increasing demand for electric appliances:
The growing population and urbanization are increasing rural as well as urban households. The rising disposable income and changing lifestyle are driving the use of more electric appliances. Various electrical home appliances such as televisions, refrigerators, air conditioners, and computers use voltage stabilizers. The stabilizers remove unexpected voltage supply causing fire issues and provide the voltage with a safe limit. Also, delicate medical equipment requires voltage stabilizers to avoid disturbance and damage to machine parts. Hence, increasing demand for electric appliances drives the Voltage Stabilizers Market.
Rapid urbanization and industrialization:
According to the World Bank, 50% of the global population lives in urban areas. By 2024, the world’s urban population will increase by 1.5 times to 6 billion. The growing population is boosting industrialization. The worldwide growth of various industrial and infrastructural projects will demand more voltage stabilizers for the safe working of electric equipment. The huge manufacturing, processing, and other units will require voltage stabilizers for the uniform flow of electric current to avoid damage to machinery and equipment. Hence, rapid urbanization and industrialization will drive the Voltage Stabilizers Market.
Here are some of the restraining factors that are increasing opportunities for Voltage Stabilizers market growth:
High initial cost of Voltage Stabilizers:
The voltage stabilizers are expensive and can hamper the market growth. The cost of voltage stabilizers for industrial or commercial machinery is high. The cost of purchasing and installing the stabilizers will hinder the market growth by some cost-sensitive buyers. Also, the stringent government rules on voltage stabilizers increase the manufacturing cost. Hence, the high initial cost will be the restraining factor in the growth of the Voltage Stabilizers Market.
Conclusion:
The voltage stabilizers avoid the fluctuation or variations in electricity running in a circuit. Increasing demand for electric appliances and rapid urbanization and industrialization drive the growth of the market. The high initial cost of the stabilizers hinders he Voltage Stabilizers Market.
Author's Detail:
Raziya Kotadiya /
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