- The key vendors in the global distribution voltage regulator market 2015-2019 are ABB Ltd., Eaton Corporation Plc, General Electric Co. (GE) and Siemens AG.
London, 01 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global distribution voltage regulator market 2015-2019. Emergence of smart grids is one of the major trends being observed in this market. Smart grids have introduced a new era of reliability, availability, and efficiency in the energy industry that contribute to its economic and environmental health. They are equipped with intelligent functions, which include voltage regulators that help improve energy efficiency. The global distribution voltage regulator market is projected to grow at a CAGR of 4.48% during 2014-2019.
APAC is witnessing widespread development in certain countries’ economies, industrialization, and commercialization, which is fueling the demand for more electric power in China, India, and Japan. These countries are expected to consume more than 50% of the world’s energy production by 2035. The growing population is also propelling the demand for more electric power. As the demand for power increases, the need for transmitting power to end-users efficiently also increases, favoring market growth.
“Developments in information technology have helped the automation and digitization of most of the processes in various industries such as power,” says Faisal Ghaus, Vice President of Technavio Research.
“Utilities are slowly shifting their focus on the automated and digitized control of these voltage regulators from remote. These devices protect the overall system from major voltage fluctuations and help reduce the downtime of systems.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
