Global Distribution Voltage Regulator Market: Industry Size, Share, Growth, Forecasts 2016 – 2023

Latest industry research report on: Global Distribution Voltage Regulator Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts

A distribution voltage regulator is a step-voltage regulator which is generally used to control the voltage either on the main feeder coming out of the substation or on the laterals of the main feeder. The distribution voltage regulators receive an incoming voltage, which might vary depending on load conditions, and provides a constant output voltage. Distribution voltage regulators are generally of three types- ferroresonant, tap-switching and electronic. Ferroresonant regulators are the earliest form of regulators. They operates in the saturation region of the transformer design for regulating voltage. Ferroresonant regulators are generally used under single phase conditions, primarily for their cost effectiveness and overall high level of protection. Tap-switching regulators automatically switch taps on the isolation transformer for regulating line voltage. Tap-switching regulators have fast correction time and high efficiency rating. Additionally, they can accommodate higher KVA rated systems into small enclosures. Electronic regulators are often conjointly used with a power transformer as a shield for all types of power problems except power outages. It offers the most stringent regulation among the three types of regulators. In addition, delivers more efficient fault clearing current to breakers further downstream. Electronic regulators are best utilized in industrial setups having motor loads and high inrush devices.

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The increasing demand for power has been the main factor which attributed to the growth of the distribution voltage regulator’s market. Governments across the globe, especially in emerging markets such as India and China among others, are in constant pursuit of upgrading their domestic power networks and developing smart grid infrastructure to meet the increasing demand for electricity. In order to install and upgrade new and existing transmission and distribution (T&D) networks, governments of both developed and developing countries have planned to invest huge amount during the forecast period. Such investments are boosting the global distribution voltage regulator market since voltage fluctuations are required to be stabilized for providing uninterrupted electricity supply. The growth in utility and industrial infrastructure investment has also positively impacted the market. Utility companies are utilizing distribution voltage regulators to increase power demand during off-peak periods apart from meeting the demand for power requirement during peak periods.

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However, the requirement of high initial investment for installing distribution voltage regulator is a major restraining factor of this market. Increasing prices of raw materials are also leading to the increase in the price of these equipments. Additionally, lack of uniform standards of distribution voltage regulators is negatively impacting this market. Advancement in regulator technology and also production process can help to overcome the challenges mentioned above. Deploying greater technological advancements can be considered as opportunity for distribution voltage regulator market. By deploying technological advancements, efficiency of distribution voltage regulators in terms of T&D loss reduction can be increased.

The global distribution voltage regulator market can be segmented, by type, into ferroresonant, tap-switching and electronic. The distribution voltage regulator market can be further segmented, based on end user, into industrial, commercial and residential. Furthermore, the distribution voltage regulator market can be geographically segmented into four broad regions such as North America, Europe, Asia-Pacific (APAC) and the rest of the world.

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Some of the key companies leading the distribution voltage regulator market are ABB Ltd. (Switzerland), Belotti Variatori SRL (Italy), Daihen Corporation (Japan), Eaton Corporation Plc. (Ireland), General Electric Co. (US), Howard Industries Inc. (US), J.Schneider Elektrotechnik Gmbh (Germany), Siemens AG (Germany), Toshiba Corporation (Japan) and Utility Systems Technologies (South Africa) among others.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America

Asia Pacific

Europe

Middle East and Africa

Latin America

This report provides comprehensive analysis of

Market growth drivers

Factors limiting market growth

Current market trends

Market structure

Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a six-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

It provides distinctive graphics and exemplified SWOT analysis of major market segments

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