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”
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.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3045
Customers can also request for 10% free customization on this report.
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.
Browse Related Reports
India UPS Market By Type (Online Vs. Offline), By Application (Commercial, Industrial & Residential), By Rating (Less than 5kVA, 5.1kVA-50kVA, 50.1kVA-200kVA & Above 200kVA), Competition Forecast & Opportunities, 2012 – 2022
India Diesel Gensets Market By Rating (Low Voltage (5kVA-75kVA), Medium Voltage (75.1kVA-350kVA), High Voltage (350.1kVA-750kVA) & Very High Voltage (Above 750kVA)), By End User, Competition Forecast & Opportunities, 2013 – 2024 https://www.techsciresearch.com/report/india-diesel-gensets-market/2711.html#menu2
Global Solid Oxide Fuel Cells Market By Type (Planar & Tubular), By Application (Stationary, Transportation & Portable), By Region (APAC, North America, Europe, Rest of World), Competition Forecast and Opportunities, 2013-2023 https://www.techsciresearch.com/report/global-solid-oxide-fuel-cells-market/2598.html
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Mr. Ken Mathews
708 Third Avenue,
New York – 10017