DUBLIN--(BUSINESS WIRE)--The "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, By Sales Channel, By Region, Competition Forecast & Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.

The Indian Automatic Voltage Regulator Market stood at USD213.17 million in 2021 and is anticipated to grow with a CAGR of 8.05% to reach the value of USD349.17 million by 2027.

Growing energy requirements due to rapid urbanization and industrialization to improve the country's economic conditions are influencing the market demand. The initiatives taken by the government officials to accelerate electrification in rural and remote areas are the major driving factors influencing the demand of the Indian Automatic Voltage Regulator Market.

Constant development and ongoing projects such as Smart Cities Mission are driving the demand for the automatic voltage regulator to save the expensive equipment and appliances from getting affected by power fluctuations which may damage the normal functioning of devices.

The government has excluded the power sector from the GST regime, which is expected to push the Indian Automatic Voltage Regulator Market.

Ongoing technological advancements and the use of the latest technologies such as the internet of things, artificial intelligence, and growing awareness about the benefits of using connected devices are revolutionizing the prominent industry verticals to achieve their maximum capacity. Intelligent technologies, networking applications, and components to produce optimized output in the internet of things technology are expected to boost the demand for automatic voltage regulators.

However, the efforts made by the government to electrify rural areas are lowering the number of power fluctuations, and the changing price of raw materials may restrain the growth of the Indian Automatic Voltage Regulator Market in the forecast period.

The single phase is expected to hold the largest market share in the forecast period. The manufacturing cost of a single phase is lower than the three phase motor, leading to lower selling costs than other motors. They require minimal maintenance and do not have complex configurations.

Objective of the Study:

• To analyze the historical growth in the market size of the Indian Automatic Voltage Regulator Market from FY2017 to FY2021.
• To estimate and forecast the market size of the Indian Automatic Voltage Regulator Market from FY2022 to FY2027 and growth rate until FY2027.
• To classify and forecast the Indian Automatic Voltage Regulator Market based on basis of type, kVA rating, phase type, application, sales channel, regional distribution, and competition landscape.
• To identify the dominant region or segment in the Indian Automatic Voltage Regulator Market.
• To identify drivers and challenges for the Indian Automatic Voltage Regulator Market.
• To identify and analyze the profile of leading players operating in the Indian Automatic Voltage Regulator Market.
• To identify key sustainable strategies adopted by the market players in the Indian Automatic Voltage Regulator Market.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Indian Automatic Voltage Regulator Market.

• 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
• Fuji Electric Consul Neowatt Pvt. Ltd.

Report Scope:

Years considered for this report:

• Historical Years: FY2017-FY2020
• Base Year: FY2021
• Estimated Year: FY2022
• Forecast Period: FY2023-FY2027

India Automatic Voltage Regulator Market, By Type:

• Relay Based
• Servo Motor

India Automatic Voltage Regulator Market, By kVA Rating:

• 1 kVA-6 kVA
• 6 kVA-12 kVA
• Above 12 KVA

India Automatic Voltage Regulator Market, By Phase Type:

• Single Phase
• Three Phase

India Automatic Voltage Regulator Market, By Application:

• Residential
• Commercial
• Industrial

India Automatic Voltage Regulator Market, By Sales Channel:

• Online
• Offline

India Automatic Voltage Regulator Market, By Region:

• South
• West
• North
• East

For more information about this report visit https://www.researchandmarkets.com/r/wn10g2

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