Global Voltage Controller Market Size to grow by US$ 3.72 Billion in 2030.

Press Release

The Global Voltage Controller Market is projected to grow from USD 2.62 billion in 2021 to USD 3.72 billion by 2030 at a CAGR of 4.7% during the forecast period.

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Voltage regulators are commonly used in power distribution to keep power supply voltages consistent across distribution lines, even when line and load circumstances change. During the forecast period, factors such as increased power demand and an increase in transmission and distribution lines are expected to boost the distribution voltage regulator market. Furthermore, several countries have planned major investments in their individual power sectors to establish and update new and current transmission and distribution (T&D) networks. Because voltage variations must be regulated in order to provide an uninterrupted energy supply, such investments are projected to boost the global distribution voltage regulator market.       

During the COVID-19, several manufacturing facilities have been temporarily shuttered as a result of government agencies' precautionary actions to prevent the spread of COVID-19, causing delays in order deliveries. COVID-19 has had a major economic influence on a number of financial and industrial sectors, including travel and tourism, manufacturing, aviation and other sectors. Economic activity is diminishing as an increasing number of countries impose and extend lockdowns, affecting the global economy. Infrastructure activities had come to a halt due to the country-wide lockdowns.   

Currently, electric energy is becoming a crucial commodity all over the world. During the shift, millions of dollars have been invested in the electricity generation landscape, but a similar amount has been lost in electricity transmission and distribution. Globally, rising renewable energy penetration is pushing investments in transmission infrastructure.

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Voltage controllers are enhancing the utility manage load, stabilize the system, and boost resiliency. As a result, various industries are encouraged to install a cost-effective voltage regulator for continued constant voltage electricity supply. As a result of the increased demand for stable voltage supply and technological advancements in transmission and distribution, the industrial sector is likely to dominate the distribution voltage controllers market.

Electricity demand has increased in both the household and commercial sectors as a result of rapid industrialization and technological improvements around the world. Voltage regulators are critical in maintaining a constant voltage. Voltage regulators are also used in a variety of electronic gadgets, as well as automobiles. Voltage regulators also protect electronic devices from damage caused by swings in voltage levels. Today, prominent manufacturers such as Texas Instruments and Analog Devices are investing in research and development to make extremely efficient voltage regulators that are small and quiet.

North America is the largest market for voltage controller due to the United States is likely to lead the industry in terms of technical advancements and total digital transformation in a variety of industries. The rise of integrated circuits in nearly every electrical product in Europe is boosting the line regulator market. The demand for line voltage regulators will also increase as the electronics sector and the automotive electronics industry grow. The increase of the electrical and electronics sectors in countries like China, India, and Malaysia would help the market grow in the Asia Pacific region. The rise in T&D lines due to an increase in the demand for energy would also have a favorable impact on market growth. Increased knowledge of renewable energy and increased industrialization will boost the market in the Middle East and Africa. The line voltage regulator market will also increase as technology in the electrical industry advances and new electrical items or gadgets are introduced to the market. 

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KEY INDUSTRY DEVELOPMENTS:     

In September 2019, Texas Instruments' TPS7A02 low-dropout linear regulator, released coupled ultra-low IQ with a quick transient response. TPS7A02 from Texas Instruments has a quiescent current of less than 25nA. Its stated best-in-class transient response allows for shorter wake-up times, boosting application reaction times and dynamic performance.

In December 2017, Diodes Incorporated, a leading global manufacturer and supplier of high-quality application-specific standard products across a broad range of discrete, logic, analogue, and mixed-signal semiconductor industries, released AP7381. The device has a low dropout voltage of 1000mV for a 3.3V output device running at a 100mA output current and provides excellent line and load control.