The Voltage stabilizer provides an output voltage with a specified limit for supplying to load irrespective of wide fluctuation in the input voltage, independent of load power factor and without introducing harmonic distortion. The voltage stabilizer adjusts automatically the voltage variation whether high or low to the proper voltage level necessary for the safe operation of equipments. In India, Consumer electronic products are the backbone of the electronic industry in the country. Consumer electronics contributes about one third of total electronics production in the country. Since the item is of great utility of the consumer electronics its demand is growing at a rapid pace in keeping with the increasing production of consumer electronics item.
A voltage regulator is a system designed to automatically maintain a constant voltage. A voltage regulator may use a simple feed-forward design or may include negative feedback. It may use an electromechanical mechanism, or electronic components. Depending on the design, it may be used to regulate one or more AC or DC voltages. Electronic voltage regulators are found in devices such as computer power supplies where they stabilize the DC voltages used by the processor and other elements. In automobile alternators and central power station generator plants, voltage regulators control the output of the plant. In an electric power distribution system, voltage regulators may be installed at a substation or along distribution lines so that all customers receive steady voltage independent of how much power is drawn from the line.
India voltage stabilizer market is forecast to surpass INR 409, 180 Crores by 2023. Anticipated growth in the market can be attributed to rising government focus on development of smart cities and increasing investments under ‘Make in India’ and ‘Invest India’ initiatives, along with surging sales of consumer durables such as air conditioners, refrigerators, televisions, etc., which require a stabilizer to protect the equipment against power fluctuations. Moreover, growing demand from Tier II, Tier III and Tier IV cities coupled with increasing number of technological advancements is further expected to positively influence India voltage stabilizer market during the forecast period. Progress in global urbanization, increased use of Machinery and Equipment in the industry, and an increase in multinational companies, retailers and domestic supply chains could drive the expansion of the Automatic Voltage Stabilizer Market during the forecast period 2021-2026.
The India voltage stabilizer market, both top-down and bottom-up approaches have been used. Multiple employees from the leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in India voltage stabilizer market was also undertaken. Moreover, detailed and in-depth scrutiny of information was done to understand each policy or external or internal factor which could increase or decrease the demand for voltage stabilizers in India.
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