With the advent of designs using insulated gate bipolar transistor (IGBT) switches, microprocessors and other electronic designs, the voltage regulator market expects steady growth. Electronic designs with Buck Boost technology will likely penetrate the traditional voltage regulator market towards the later part of the forecast period. Due to the economic boom in Asia Pacific, there has been an increase in the expansion of the industrial, public and commercial infrastructure.
New analysis from Frost & Sullivan (power.frost.com), World AC Voltage Regulator Market, reveals that the market revenue is estimated at $241.9 million in 2006 with a growth rate of 6.3 percent.
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"With an increase in demand for voltage regulators in Asia Pacific, most vendors have started investing in this region," says Frost & Sullivan Research Analyst Ajay Kumar.S. "Stagnation in developed countries has forced the North American and European manufacturers to export their products to South America, Asia and African regions."
Vendors in North America and Europe expect to venture into direct investments by establishing their manufacturing units in high-demand regions such as Asia Pacific. This development faces the price competition from the low-cost Asian manufacturers. There is a huge demand for the servo motor-controlled Tap Switching designs in Asia and Africa. This design, being a major contributor to the total voltage regulator market, has serious price competition worldwide.
Outstanding power infrastructure in developed regions, stiff competition from uninterruptible power supply (UPS), and lack of replacement opportunity are the major restraints for the total voltage regulator market. The outstanding power infrastructure leads to market saturation in developed regions, with the demand existing for a few niche applications alone. However, the emergence of Buck Boost (PWM) topology is likely to replace the UPS as it is sometimes used as a voltage regulator.
"The market stagnation has made vendors in North America and Europe focus on Asia Pacific, South America and African regions, where there is huge potential for the voltage regulating products due to their bad power infrastructure," says Kumar. S. "Buck Boost (PWM) has not yet achieved the confidence of end users, which is likely to take some time. Once the end users are educated about the product’s competitiveness, Buck boost (PWM) is likely to make successful inroads into various applications."
World AC Voltage Regulator Market is part of the Power Supplies & Batteries Growth Partnership Services, and it provides an overview of the revenues, drivers, restraints, challenges and trends that are impacting the world AC voltage regulator market. In this research, Frost & Sullivan expert analysts thoroughly examine the world AC voltage regulator market. Interviews with the press are available.
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