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The three phase voltage regulator market size will witness growth rate of 8.3% up to 2032. The increasing adoption of industrial automation and robotics in manufacturing and other sectors requires a stable power supply, which in turn will foster the business outlook. Voltage regulators are essential to ensure the uninterrupted operation of automated systems, contributing to the growth of the market.
The linear voltage regulator market holds a market share of over 40% in 2022. These systems are gaining popularity owing to their efficiency and performance advantages, especially in battery-powered devices and IoT applications. Furthermore, these offer key advantage of maintaining stable output voltage even when the input voltage is only slightly higher than the desired output voltage, accelerating the industry growth.
The ≤ 40 kVA voltage regulator market is set to surpass USD 1.5 billion by 2032. The need for voltage stability in various applications, including residential, small businesses, and specific industrial settings, was driving the demand for voltage regulators in this range. Robust development of smart homes along with shifting focus toward home automation systems will positively sway the business scenario.
The proliferation of electronic devices in homes, including smart TVs, computers, gaming consoles, and home automation systems, the need for stable and clean power became more critical. Voltage regulators help protect these devices from voltage fluctuations and surges. The rise of remote work and the establishment of home offices led to increased demand for voltage regulators to ensure that computers and networking equipment receive consistent and reliable power, minimizing the risk of data loss and hardware damage.
The Asia Pacific voltage regulator market size exceeded USD 1 billion in 2022. Robust growth of the digital economy coupled with ongoing expansion of data centers and IT infrastructure will escalate the industry outlook. Stringent government policies and regulations aimed at improving the reliability and quality of power supply will further institute a favorable business scenario.