Global voltage regulators market for power distribution is projected to grow from USD 1.9 Billion to USD 2.4 Billion at a CAGR of from 4.7% 2014 to 2019. Increasing expenditure on power transmission and distribution infrastructure by utilities, along with growing demand for electricity from industrial and domestic sectors are some of the key drivers of voltage regulators market across the world.
Browse 78 market data tables and 62 figures spread through 212 pages and in-depth TOC on “Voltage Regulators Market by Type (Ferroresonant and Tap Switching), by End-Users (Commercial, Industrial, and Residential) & by Region (Americas, Europe, Asia-Pacific, and the Middle East & Africa) - Global Trends & Forecast to 2019"
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In 2013, Asia-Pacific was the single largest regional market for distribution voltage regulators across the globe and accounted for a market share of 43.5%. Growing demand for electric power and the consequent spending on transmission and distribution infrastructure is one of the key drivers of demand for distribution voltage regulator market in Asia-Pacific, as well as the world.
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The global voltage regulators market is projected to grow at a CAGR of 4.7% between 2014 and 2019 with increasing demand from countries such as China, India, Saudi Arabia, UAE, Brazil, and South Africa. Expansion of power distribution networks to connect more populations to electricity supply, modernize aged infrastructure, and improve efficiency of power supply are playing an important role in generating demand for distribution voltage regulators.
The leading players in the global voltage regulators market are Siemens AG (Germany), ABB Ltd. (Switzerland), General Electric (U.S.), Maschinenfabrik Reinhausen (Germany), Eaton Corporation (U.S.), Howard Industries (U.S.), Toshiba Corporation (Japan), Basler Electric (U.S.), and others. The players in the global distribution voltage regulator market make investments in R&D to enhance the efficiency of products. The companies are reaching into new geographic territories to take advantage of new opportunities in the fast-growing emerging economies of Asia-Pacific, the Middle East and Africa, and South America through joint-ventures, mergers and acquisitions, and partnerships.
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