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The renewable energy sector including solar and wind power generation, has been experiencing rapid growth, driving the product penetration. Voltage regulators are integral to these systems, helping stabilize and control output voltage, thereby enhancing efficiency and reliability. Additionally, robust expansion of data centers to support cloud computing and digital services will positively sway the business growth. The product deployment is driven by the need for voltage stability across various applications including residential, small business, and certain industrial settings. The rapid development of smart homes coupled with a growing emphasis on home automation systems will favor the business scenario.