Voltage Controller Market Size, Share, and COVID-19 Impact Analysis, By Type (Linear Voltage Controller, and Switching Voltage Controller), By Technology (Electro-Mechanical Voltage Regulation, Electronic Tap-Switching Voltage Regulation, and Ferro-resonant Voltage Regulation), By End Use Industry (Electronics, Power Transmission and Distribution, Automotive, Industrial Automation, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2022-2030
KEY MARKET INSIGHTS
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. Voltage controllers are used in electronic devices to keep the voltage stable. They operate automatically, increasing or decreasing the voltage as needed by the user. The device is primarily used to regulate the circuit's output voltage and keep it constant regardless of the provided input voltage. When a constant and stable voltage is required, voltage controllers are used.
The voltage controllers have a basic feed forward architecture that feeds the input voltage to the output tunnel and supports a negative feedback control loop mechanism that corrects irregularities between the generated output and the intended output. Voltage controllers are small devices that are utilized in systems with low power and low voltage. 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. The global voltage controllers market is projected to benefit from such investments.
COVID-19 ANALYSIS
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.
LATEST TREND
Increase Demand for Constant Voltage in Industrial Sector Propel Market Growth
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.
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.
DRIVING FACTORS
Increasing Power Demand Boosting Market Growth
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.
RESTRAINTS
High Capital Investment
When discussing mechanical voltage regulators, the poor speed of producing output voltage is one of the factors limiting their expansion. Voltage regulator components also necessitate routine maintenance and replacement, making them inconvenient to operate. Higher device costs and insufficient current overload capacity are important challenges limiting the growth of the electronic voltage regulator industry.
SEGMENTATION
The Global Voltage Controller Market is segmented by Type, Technology, End Use Industry, and Region. Based on the Type, the market is categorized into Linear Voltage Controller, and Switching Voltage Controller. Based on Technology, the market is categorized into Electro-Mechanical Voltage Regulation, Electronic Tap-Switching Voltage Regulation, and Ferro-resonant Voltage Regulation. Based on End Use Industry, the market is categorized into Electronics, Power Transmission and Distribution, Automotive, Industrial Automation, and Others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
REGIONAL INSIGHTS
The Global Voltage Controller Market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. 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.
KEY INDUSTRY PLAYERS
Some of the major companies in the voltage controller market are Texas Instruments Incorporated., ROHM CO., LTD., Semiconductor Components Industries, LLC, MaxLinear., Infineon Technologies AG, Analog Devices, Inc., Diodes Incorporated, STMicroelectronics, NXP Semiconductors., Maxim Integrated®, and Microchip Technology Inc.
The research study provides intelligent insights, facts, historical data, and statistically backed and industry-validated market statistics, as well as a detailed assessment of the market. It also includes estimates based on a set of reasonable assumptions and procedures. The research study analyses and provides data for market segments such as applications, geographies, and industries.
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.
SEGMENTATION
By Type
- Linear Voltage Controller
- Switching Voltage Controller
By Technology
- Electro-Mechanical Voltage Regulation
- Electronic Tap-Switching Voltage Regulation
- Ferro-resonant Voltage Regulation
By End Use Industry
- Electronics
- Power Transmission and Distribution
- Automotive
- Industrial Automation
- Others
By Region
- North America- U.S., Mexico, Canada
- Europe- UK, France, Germany, Italy, Spain, Rest of Europe
- Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
- South America- Brazil, Argentina, Colombia, Rest of South America
- The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa
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Voltage Controller Market Size
- May-2022
- 140
- Global
- semiconductor-electronics
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