V-Guard to Continue Dominating India Voltage Stabilizer Market until 2023: TechSci Research Report

Growing consumer durables market, government initiatives such as Smart Cities Mission and Housing for All and increasing electrification rate in the country to fuel demand for stabilizers in India through 2023

According to a recently published TechSci Research report “India Voltage Stabilizer Market By Type, By Application, By Controller, Competition Forecast & Opportunities, 2013 – 2023”, India voltage stabilizer market is projected to reach $ 550 million by 2023. Growth in the market is anticipated predominantly on account of flourishing consumer durables market and low-quality electricity supply across the country. Moreover, IT, infrastructure, construction, healthcare, commercial and manufacturing sectors are further expected to contribute significantly to India voltage stabilizer market in the coming years. Additionally, implementation of GST is expected to enable organized players to increase their share in Indian voltage stabilizer market over the next five years.

Browse 9 market data Tables and 46 Figures spread through 104 Pages and an in-depth TOC on “India Voltage Stabilizer Market” 

https://www.techsciresearch.com/report/india-voltage-stabilizer-market/3045.html

On the basis of type, India voltage stabilizer market is segmented into single phase and three phase. Single phase type voltage stabilizer segment dominated the market in 2017 and is likely to maintain its dominance throughout the forecast period as well due to majority of the households having single phase power supply under the range of 220V to 230V. Among applications, air conditioners accounted for the largest share in India voltage stabilizer market in the year 2017, and the segment is anticipated to remain the leading application segment through 2023 as well. A large demand for voltage stabilizers emanates from western and southern regions in India, which collectively accounted for the majority share in India voltage stabilizer market in 2017. The dominance of these regions is backed by infrastructure-based development in states like Maharashtra, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala and Karnataka.

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Among the key industry players, V-Guard Industries accounted for the largest share in India voltage stabilizer market in 2017 and the company is likely to maintain its dominance throughout the forecast period. “Technological advancements in voltage stabilizers in India such as use of high performance IC (Integrated Circuit) based control circuit in servo stabilizers, which deliver negligible fluctuations and noise, would continue contributing towards boosting demand for voltage stabilizers across the country. Furthermore, rising adoption of asset-light model by outsourcing voltage stabilizer production is resulting in higher operational efficiency, thereby positively influencing India voltage stabilizer market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Voltage Stabilizer Market By Type, By Application, By Controller, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of India voltage stabilizer market and provides statistics and information on market size, structure and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India voltage stabilizer market.

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