Global Distribution Voltage Regulators Market to Reach $3 Billion by 2027
Amid the COVID-19 crisis, the global market for Distribution Voltage Regulators estimated at US$2.4 Billion in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at a CAGR of 3.6% over the period 2020-2027. Ferroresonant, one of the segments analyzed in the report, is projected to record 3.4% CAGR and reach US$1.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Tap Switching segment is readjusted to a revised 3.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $635.6 Million, While China is Forecast to Grow at 6.6% CAGR
The Distribution Voltage Regulators market in the U.S. is estimated at US$635.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$634 Million by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.
Select Competitors (Total 42 Featured):
Amid the COVID-19 crisis, the global market for Distribution Voltage Regulators estimated at US$2.4 Billion in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at a CAGR of 3.6% over the period 2020-2027. Ferroresonant, one of the segments analyzed in the report, is projected to record 3.4% CAGR and reach US$1.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Tap Switching segment is readjusted to a revised 3.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $635.6 Million, While China is Forecast to Grow at 6.6% CAGR
The Distribution Voltage Regulators market in the U.S. is estimated at US$635.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$634 Million by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.
Select Competitors (Total 42 Featured):
- ABB Group
- Basler Electric Company
- Belotti Srl
- Daihen Corporation
- Eaton Corporation PLC
- General Electric Company
- Howard Industries, Inc.
- J. Schneider Elektrotechnik GmbH
- Maschinenfabrik Reinhausen GmbH
- Siemens AG
- Tebian Electric Apparatus Stock Co., Ltd. (TBEA)
- Toshiba Corporation
- Utility Systems Technologies
Frequently Asked Questions about the Global Market for Distribution Voltage Regulators
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
III. MARKET ANALYSIS
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- Distribution Voltage Regulator Market: A Synopsis
- Impact of Covid-19 and a Looming Global Recession
- Surging Demand for Electricity, and Focus on Upgrading Power Networks and Developing Smart Grid Infrastructure to Spur Market Growth
- Exhibit 1: Electricity Consumption in TWh for the Period 2010 through 2018
- Exhibit 2: China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand in TWh for the Period 2017-30, 2030-40 and 2040-50
- Exhibit 3: Global Projected Energy Infrastructure Investments in US$ Billion for the Years 2020, 2025, 2030 and 2035
- Exhibit 4: Global Smart Grids Market: Breakdown of Investments in US$ Billion by Technology Area for the Years 2014, 2016 and 2018
- Rising Demand for Renewable Energy Augurs Well for Distribution Voltage Regulator Market
- Exhibit 5: Global Electricity Generation in TWh by Source for 2017-18
- Exhibit 6: Renewable Energy Market Worldwide: Net Capacity Additions for the Period 2011-17 and 2018-23
- Growing Need for Voltage Regulation Augurs Well for the Market
- Need to Improve Efficiency of Power Grids Enhances Demand for Distribution Voltage Regulator
- PRODUCT OVERVIEW
- Voltage Regulator
- Distribution Voltage Regulator
- Types of Distribution Voltage Regulator
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 42
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