Distribution Voltage Regulator Market Size and Share
Market Overview
| Study Period | 2020 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| Growth Rate | 4.00% CAGR |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Distribution Voltage Regulator Market Analysis by Mordor Intelligence
The Distribution Voltage Regulator Market is expected to register a CAGR of 4% during the forecast period.
- The industrial or utility companies have positively impacted the market due to high investment, which is likely to dominate the market during the forecast period.
- Replacement and upgrading of aging power distribution networks across countries in Asia are likely to provide attractive opportunities for the voltage regulators market. Moreover, the shifting of the transmission system from high voltage alternating current (HVAC) to high voltage direct current (HVDC) provides ample opportunity for the distribution voltage regulator market in the coming future.
- Asia-Pacific has dominated the distribution voltage regulator market, with the majority of the demand coming from China, Japan, and India.
Global Distribution Voltage Regulator Market Trends and Insights
Industrial or Utility Sector Expected to Dominate the Market
- Electric energy is transforming into an essential commodity, presently, throughout the world. The transformation has witnessed investments of millions of dollars in the electricity generation landscape and a loss of a similar amount in electricity transmission and distribution. Rising renewable penetration across the world is driving investments in transmission infrastructure.
- On the production side of the business, the pressure is on the utility companies include greener approaches production, and to improve efficiency at every stage of the process with constant voltage supply. Moreover, on the consumption side, increasing load on distribution grids are leading to the severe fluctuation in voltage, which damages various applications. To minimize the damage cost, the dominant company is installing a distribution voltage regulator for constant voltage.
- Furthermore, with the advent of robust information and communication technologies, and new transmission and distribution (T&D) technologies, smart grids are enabling the mitigation of the imbalance between the demand and supply of energy.
- They are enhancing the utility's ability to balance the load, stabilize the grid, and improve resilience. In turn, this encourages various industries to install a cost-effective voltage regulator for the further constant voltage supply of electricity.
- Therefore, the industrial sector, with the increase in the demand for constant voltage supply and technological improvement in the transmission and distribution, is expected to dominate the distribution voltage regulator market.
Asia-Pacific to Dominate the Market
- The market for the distribution voltage regulator market in the Asia-Pacific region is expected to witness significant growth during the forecast period.
- China is a potentially large market for the distribution voltage regulator market as a vast industrial nation with a forecasted peak load of more than one terawatt by 2020. The country has experienced shortages in power availability because of rapid economic growth, a situation that has ebbed in recent years. To manage this large mismatch number of customers was instructed to install the device for a voltage regulator to protect the application from damage due to fluctuation in electricity supply.
- Adding to this, the Japanese distribution voltage regulator market is likely to witness robust growth shortly, on account of structural reforms in the country's power sector, which is aimed at market liberalization.
- The Japanese government is planning to modernize the country's power sector by creating a competitive consumer market. For Japan, an open market is vital in creating the change essential for developing a sustainable energy sector. Since 2016, the Japanese electricity market has undergone a massive transformation through deregulation. The regulated tariff is scheduled for phase-out by 2020.
- Therefore, increasing efforts to modernize the power sector across the regions by the governments of respective countries are expected to drive the market studied during the forecast period.
Competitive Landscape
The distribution voltage regulator market is moderately fragmented. Some of the key players in this market include ABB Ltd., Belotti Variatori SRL., Daihen Corporation (Japan), Eaton Corporation Plc., General Electric Company, and others.
Distribution Voltage Regulator Industry Leaders
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• ABB Ltd.
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• Belotti Variatori SRL
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• Daihen Corporation
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• Eaton Corporation Plc
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• General Electric Company
- *Disclaimer: Major Players sorted in no particular order
Global Distribution Voltage Regulator Market Report Scope
The distribution voltage regulator market report include:
| Industrial |
| Comercial |
| Residential |
| North America |
| Europe |
| Asia-Pacific |
| South America |
| Middle-East and Africa |
| End User | Industrial |
| Comercial | |
| Residential | |
| Geography | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle-East and Africa |
Key Questions Answered in the Report
What is the current Distribution Voltage Regulator Market size?
The Distribution Voltage Regulator Market is projected to register a CAGR of 4% during the forecast period (2025-2030)
Who are the key players in Distribution Voltage Regulator Market?
• ABB Ltd., • Belotti Variatori SRL, • Daihen Corporation, • Eaton Corporation Plc and • General Electric Company are the major companies operating in the Distribution Voltage Regulator Market.
Which is the fastest growing region in Distribution Voltage Regulator Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Distribution Voltage Regulator Market?
In 2025, the Asia Pacific accounts for the largest market share in Distribution Voltage Regulator Market.
What years does this Distribution Voltage Regulator Market cover?
The report covers the Distribution Voltage Regulator Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Distribution Voltage Regulator Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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