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Residential Voltage Regulator Market Trends

Report ID: GMI9490
Published Date: May 2024
Report Format: PDF

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Residential Voltage Regulator Market Trends

The surge in frequency of voltage fluctuations will lead homeowners to seek voltage regulators to protect their appliances and electronic devices from potential damage caused by these electrical irregularities which in turn will augment the industry landscape. The growing adoption of electric vehicles along with increased demand for charging infrastructure will drive the voltage regulator market. Ongoing technological advancements including development of smart voltage regulators capable of real-time monitoring and control are also driving the business expansion.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size for residential voltage regulator was valued at USD 314.9 million in 2023 and is estimated to grow at 8% CAGR during 2024- 2032, driven by stringent government regulations towards energy efficiency and improving power quality.

The linear segment in the residential voltage regulator industry will reach over USD 250 million by 2032, as aging electrical infrastructure in residential areas will lead to voltage instability and causing issues including voltage sags and surges.

Asia Pacific market held a decent share in 2023 and is set to surpass USD 150 million by 2032, driven by the increasing awareness about energy efficiency and the need to reduce electricity consumption.

Analog Devices, Basler Electric, BTRAC Ltd., Eaton, Exar Corporation, General Electric, and Infineon Technologies AG among others.