Poor power conditions in India and initiatives such as ‘Smart Cities Mission’ and ‘Housing for All are driving the growth in India Automatic Voltage Regulator Market in the forecast period, 2017-2027F
According to TechSci Research report “India Automatic Voltage Regulator Market By Type (Servo Motor, Relay Based), By kVA Rating (1 kVA-6kVA, 6kVA-12kVA, above 12 KVA), By Phase Type (Single Phase, Three Phase), By Application (Residential Commercial, Industrial), By Sales Channel (Online, Offline), By Region, Competition Forecast & Opportunities, 2017-2027F”, India automatic voltage regulator market was valued at USD213.17 million in 2021 and is projected to advance with a CAGR of 8.05% in the forecast period to reach USD349.17 million in 2027F. Surging demand for constant power supply in rural and urban areas and initiatives by the government such as housing for all and smart cities mission are anticipated to drive growth of the automatic voltage regulator in India through 2027F.
The electricity supplied is of low and unpredictable quality, which can damage electrical equipment and the situation has only worsened over the years. The voltage regulators are used to avoid power disruptions that can cause damage or harm to costly power equipment or home appliances.
For the power sector in India, the advent of GST is bringing about transit in the trajectory of the sector and its growth. The triumph of the transition to a new tax regime will inadvertently depend upon how well the industry, as well as individuals, prepare in adapting to this change. The power sector is excluded from the GST regime that will be further pushed by the fact that GST rates will not be implied on power generators as output tax. This will act as the growth factor for the automatic voltage regulators market in India.
Browse more than 33 market data Figures spread through 110 Pages and an in-depth TOC on “India Automatic Voltage Regulator Market.”
https://www.techsciresearch.com/report/india-automatic-voltage-regulator-market/8052.html
India automatic voltage regulator market can be segmented based on type, kVA rating, phase type, application, sales channel, company and region. Based on application, the market can be segregated into residential, commercial and industrial. Commercial sector is the leading segment by application for automatic voltage regulators. Commercial sector accounted for a share of 38.96% in 2021 in India Automatic Voltage Regulator Market. Favorable government policies and initiatives such as Smart Cities Mission, Greenfield and Brownfield projects for developing new airports along with expansions of existing airports coupled with Real Estate Regulations and Development Act 2016 are the major factors propelling demand for automatic voltage regulators in the country.
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Some of the major players operating in India automatic voltage regulator market are V-Guard Industries Ltd., Microtek International Private Limited, Capri Group, Livguard Energy Technologies Private Limited, Servokon System Ltd, Bluebird Power Controls Pvt. Ltd., Jindal Electric, Servomax Limited, Luminous Power Technologies Private Limited, etc. Companies operating in the market are focusing on product development by launching innovative designs, which are compact and with high quality stabilizers.
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“In 2021, South and West regions of the country cumulatively accounted for the largest share in India Automatic Voltage Regulator Market as these regions are the industrial and commercial hubs of India. Moreover, increasing sale of consumer durables and booming sectors such as IT, infrastructure, construction, healthcare, commercial and manufacturing are further expected to contribute significantly to the voltage regulators demand in these two regions. Additionally, Maharashtra, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala and Karnataka are focusing on infrastructure-based development, with an aim to further boost their respective GDP growth. This is going to further boost the market in South and West regions.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Automatic Voltage Regulator Market By Type (Servo Motor, Relay Based), By kVA Rating (1 kVA-6kVA, 6kVA-12kVA, above 12 KVA), By Phase Type (Single Phase, Three Phase), By Application (Residential Commercial, Industrial), By Sales Channel (Online, Offline), By Region, Competition Forecast & Opportunities, 2017-2027F”, has evaluated the future growth potential of India automatic voltage regulator market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India automatic voltage regulator market.
We cover following topic in this Report
· India Automatic Voltage Regulator Market Outlook
· India Automatic Voltage Regulator Market Size
· India Automatic Voltage Regulator Market Share
· India Automatic Voltage Regulator Market Growth
· India Automatic Voltage Regulator Market Forecast
· India Automatic Voltage Regulator Market Future
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