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Three Phase Residential Voltage Regulator Market Trends

Report ID: GMI10010
Published Date: Jun 2024
Report Format: PDF

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Three Phase Residential Voltage Regulator Market Trends

The industry is witnessing remarkable growth driven by rapid urbanization and expansion of development of new residential properties. The continuous modernization of power grid infrastructure to accommodate higher loads along with ongoing incorporation of renewable energy sources will boost the adoption of residential voltage regulators. Moreover, escalating frequency of power surges & outages in conjunction with occurrence of natural disasters and grid instability will energize the industry scenario.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

Industry size for three phase residential voltage regulator was worth USD 181.7 million in 2023 and is projected to expand at 8.1% CAGR from 2024 to 2032, due to the surging need for efficient and robust power solutions.

The switching product segment in the three phase residential voltage regulator industry is projected to exceed USD 200 million by 2032, led by the rising demand for advanced regulators to protect home electronics and ensure uninterrupted power.

The > 5 kVA to 20 kVA three phase residential voltage regulator industry is projected to grow at over 8% CAGR between 2024 and 2032, owing to the integration of advanced IoT-enabled devices and digital control systems.

Asia Pacific industry is projected to surpass USD 100 million by 2032, on account of the rising number of power outages caused by several weather conditions and aging infrastructure.