印度電壓調節器市場：依類型、階段、應用、最終用戶產業、地區、機會和預測，2018年至2032年

印度電壓調節器市場規模預計將從2024年的2.0875億美元成長到2032年的3.2037億美元，在2025-2032年預測期內的年複合成長率為 5.50%。近年來，由於工業化和城市化進程的加速，市場大幅成長。由於住宅領域對家用電器和技術設備的依賴日益增加，預計未來幾年仍將保持強勁的成長率。家庭、商業場所和工業領域中需要穩定電壓等級的敏感電子設備的使用日益增多，這推動了電壓調節器市場的需求。此外，消費者可支配收入的增加刺激了對空調、冰箱和洗衣機的需求，進一步增加了住宅領域對電壓調節器的需求。此外，IT基礎設施和資料中心的擴張也推動了對電壓調節器的需求，以確保不間斷運作並保護設備免受電壓突波和電壓下降的影響。

印度為現代化電網和擴大再生能源基礎設施所做的努力推動預測期內電壓調節器市場的成長。公用事業領域未來的發展需要強大的保護機制來保護新資產免受電氣干擾並確保可靠運行，這推動了對電壓調節器的需求。對公用事業計畫的大量投資也推動了對先進電壓調節器的需求。這些設備在將再生能源整合到現有電網、維持穩定的能源流和防止大型資產受損方面發揮關鍵作用。印度政府透過努力升級電力基礎設施、提高能源效率和增強電網可靠性來進一步支持這項需求。這些計畫的投資為先進的電壓調節器解決方案創造了機會。

例如，到2024年 12月，印度將成功安裝 97.86 GW太陽能光電發電和 48.16 GW風電，其中建造的計畫分別為 232.88 GW和 74.96 GW。這一發展凸顯了印度在再生能源領域的投資，由於需要穩定波動的能源輸出，這推動了對電壓調節器的需求。

本報告研究了印度電壓調節器市場，並概述了市場及其主要細分市場，包括類型、階段、應用、最終用戶產業、區域趨勢以及參與市場的公司概況。

目錄

第1章 專案範圍與定義

第2章 研究方法

第3章 執行摘要

第4章 顧客回饋

第5章 2018年至2032年印度電壓調節器市場展望

• 市場規模分析及預測
• 市場佔有率分析及預測
• 2024年市場地圖分析
  • 依類型
  • 依階段
  • 依用途
  • 依最終用戶行業
  • 依地區

第6章 波特五力分析

第7章 PESTLE 分析

第8章 市場動態

第9章 市場趨勢與發展

第10章 競爭格局

• 五大市場領導者的競爭矩陣
• 五大公司的SWOT分析
• 市場前十大主要公司的狀況
  • ABB India Limited
  • GE Vernova T&D India Limited
  • Siemens India Limited
  • Servomax Limited
  • Prima Automation (India) Private Limited
  • EVR Electricals Private Limited
  • Fuji Electric India Private Limited
  • Jindal Rectifiers Private Limited
  • P2 Power Solutions Private Limited

第11章 策略建議

第12章 關於調查公司/免責聲明

India voltage regulator market is projected to witness a CAGR of 5.50% during the forecast period FY2025- FY2032F, growing from USD 208.75 million in FY2024 to USD 320.37 million in FY2032. The market has grown significantly in recent years due to industrialization and increasing urbanization. In the coming years, the residential sector's growing reliance on appliances and technological gadgets is expected to sustain a robust growth rate. The rising use of sensitive electronic equipment in homes, commercial establishments, and industries, all of which require stable voltage levels is driving the demand for voltage regulators in the market. Additionally, the increase in consumer disposable income has spurred demand for air conditioners, refrigerators, and washing machines, further boosting the need for voltage regulators in the residential sector. Moreover, the expansion of IT infrastructure and data centres has heightened the demand for voltage regulators to ensure uninterrupted operations and protect equipment from voltage surges or sags.

India's efforts to modernize its electrical grids and expand renewable power infrastructure are fostering growth in the voltage regulator market during the forecast period. Upcoming developments in the utility sector require robust protection mechanisms to safeguard new assets from electrical faults and ensure reliable operations, which is boosting demand for voltage regulators. Significant investments in utility projects also drive the need for advanced voltage regulators. These devices play a critical role in integrating renewable energy sources into existing power grids, maintaining stable energy flow, and preventing damage to large-scale assets. The Indian government is further supporting this demand through initiatives to upgrade power infrastructure, improve energy efficiency, and enhance grid reliability. Investments in such projects are creating opportunities for advanced voltage regulator solutions.

For instance, in December 2024, India successfully installed 97.86GW of solar and 48.16GW of wind power, and country have impressive 232.88GW and 74.96GW projects in the pipeline respectively. This development highlights India's investment in the renewable energy sector, which drives demand for voltage regulators due to the need to stabilize variable energy outputs.

Rapid Urbanization, Renewable Energy Integration, and Smart Grid Advancements Augmenting Market Growth

The Indian market is witnessing increased adoption of energy-efficient electrical equipment due to rapid urbanization. The growing use of high-power appliances and devices in the residential sector is driving demand for steady and uninterrupted power supply, which in turn is boosting the need for voltage regulators and other power management devices. Voltage regulators have become critical components of electrical and electronic systems because they automatically adjust to large variations in voltage. These devices ensure a stable output voltage despite input fluctuations or load changes, a feature that is accelerating their demand.

Furthermore, rising energy needs are driving the expansion of renewable power generation facilities in the utility sector. The voltage regulator market is experiencing significant growth due to the increasing adoption of renewable energy sources like solar and wind. Since renewable energy generation can be inconsistent, maintaining grid stability and reliability in power plants requires self-adjusting and self-protecting devices. Voltage regulators address technical challenges such as voltage fluctuations and grid imbalances by automatically regulating voltage levels and optimizing power flow. Additionally, the growing deployment of smart meters across India further increases the demand for protective devices like voltage regulators, as they enhance grid monitoring and efficiency.

For instance, in March 2024, India's Smart Meter National Program (SMNP) is aiming to replace 250 million conventional electricity meters units with prepaid smart meters, along with upgrading infrastructure such as feeders and transformers, with an estimated capital expenditure of around USD 18.18 billion slated for implementation over the next five fiscal years. As smart meters enable real-time energy monitoring and efficient load management, voltage regulators ensure stable voltage levels to protect sensitive grid infrastructure and electronic devices. Coupled with rapid urbanization, increasing appliance usage, and renewable energy adoption, this investment underscores the critical role of voltage regulators in maintaining grid reliability, fuelling market growth in the coming years.

Rising Focus on Industrial Automation and Development of Power Infrastructure Propelling Market Growth

Voltage regulators are essential for maintaining stable power supplies to industrial equipment such as CNC machines and robotics, protecting them from voltage fluctuations. The growing push toward automation in industrial sectors has become a major driver for the voltage regulator market. These devices efficiently control and adjust voltage flow during operations, ensuring machinery functions optimally. As industries increasingly adopt automated equipment's, which relies on consistent power to operate thus pushing the demand for voltage regulators significantly. Voltage regulators enhance productivity by stabilizing power flow in machinery, which is critical for operational efficiency. Additionally, their ability to safeguard equipment from damaging power fluctuations further boosts their adoption in the industrial sector.

For instance, the "Industry 4.0" phase includes integrating digital and physical systems to enhance efficiency and transparency across various operations. Digital technology is expected to account for 40 percent of overall manufacturing spending, with more than two-thirds of local manufacturers adopting Industry 4.0 practices, which drive the demand for automation technologies in the manufacturing sector and, hence, drive the demand for voltage regulators in the market.

Rapid urbanization is driving extensive power infrastructure development, including investments in utilities and transmission and distribution sectors, which are fuelling demand for efficient voltage regulators. The ongoing expansion of power grids, especially with the integration of renewable energy sources like solar and wind, increases the complexity of electrical systems, creating significant market opportunities for voltage regulators in the coming years. Furthermore, as power infrastructure projects expand in the country, advanced voltage regulators are increasingly essential to maintain stable voltage levels within evolving networks. Additionally, the growing emphasis on smart grid technologies and rising investments in power transmission and distribution networks are expected to further accelerate the adoption of voltage regulators during the forecast period.

Linear Voltage Regulators to Dominate the Market with the Highest Market Share

Linear voltage regulators are experiencing a high adoption rate in the forecast period, making the segment dominate the market. In India, the demand for linear voltage regulators is increasing as devices provide stable voltage output for low-power electronic devices. In addition, linear voltage regulators are simple, reliable, and cost-effective, which contribute to their rising demand in the forecasted period.

The rapid growth of the consumer electronics sector is driving demand for efficient power management solutions, thereby boosting the market's need for linear voltage regulators. These regulators are widely used in residential applications due to their low noise output and precise voltage regulation, making them ideal for sensitive electronic circuits. Additionally, the expansion of industrial sectors in India has further increased demand, as linear voltage regulators are essential for powering control systems, sensors, and other low-power components requiring stable voltage.

West and Central Regions Dominate the India Market

West and central regions have dominated the voltage regulator market and is expected to continue during the forecast period. The demand for voltage regulators is on the rise due to numerous factors such as industrialization, infrastructure development, initiatives for electric safety devices, and government initiatives for the adoption of smart technologies. The region thrives on growth in industrial sectors, IT hubs, and expanding residential and commercial infrastructure, which contribute to rising demand for voltage regulators in the market.

The region has numerous manufacturing units, IT parks, and industrial corridors, driving the demand for voltage regulators to efficiently manage automation and power distribution. In addition, the proliferation of consumer electronics and home appliances in urban households has heightened the reliance on voltage regulators to prevent damage from voltage surge. Moreover, the growing emphasis on safety devices in industrial sectors for managing the automation process drives the need for voltage regulators to optimize operations. The governments of different states are focusing on renewable energy integration, which further propels the demand for voltage regulators in the region.

For instance, in April 2024, Mitsubishi Electric opened a manufacturing facility for advanced factory automation (FA) systems in the Talegaon Industrial area, Maharashtra, India. The company decided to invest around USD 25.50 billion in the facility, which will manufacture inverters and other FA products, expanding the company's capabilities to meet growing demand across Indian industries. This development highlights the rising demand for automation equipment in industries, with companies focusing on developing infrastructure in the western region due to operational advantages, thereby driving the demand for voltage regulators in the market.

Future Market Scenario (FY2025 - FY2032F)

The push towards smart grid technologies is another significant trend that drives the demand for the voltage regulator market.

Government policies aimed at promoting infrastructure development and electrification are set to boost the demand for voltage regulators in the country.

Integration of renewable energy sources in large-scale industrial applications creates the opportunity for voltage regulator market growth in coming years.

Voltage regulators align with government goals regarding energy efficiency and sustainability energy policies, which drive the market in the forecast period.

Key Players Landscape and Outlook

In the market, companies in the voltage regulator market are integrating innovative features such as improved input voltage ranges, reduced output delay, and compact, lightweight designs to cater to diverse applications. The market outlook remains positive, driven by rising demand for consumer electronics and industrial automation. Additionally, increased competition is anticipated due to frequent product launches, strategic agreements, business expansions, collaborations, and advancements in technology.

In August 2022, ABB India expanded its Smart Power factory in Nelamangala, Bengaluru, upgrading it to meet Industry 5.0 standards, which include human-cobot collaboration. This factory, one of the first of its kind in India, enhances productivity by 40% and energy productivity by over 15% through advanced collaborative robotics, AI, and digitalization. It manufactures and tests ABB's complete range of low voltage power equipment and energy management technologies, catering to increasing demand across sectors like commercial and residential buildings, infrastructure, and renewable energy. The facility also integrates IoT to optimize processes and predictive maintenance, and aligns with ABB's 2030 sustainability strategy, holding certifications for green building and water positivity.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Respondent Demographics
• 4.2. Factors Considered in Purchase Decisions
  • 4.2.1. Type of Voltage Regulator
  • 4.2.2. Energy Efficiency and Advanced Features
  • 4.2.3. Performance and Reliability
  • 4.2.4. Compliance with Standards
  • 4.2.5. Cost and Durability
  • 4.2.6. After-Sales Support

5. India Voltage Regulator Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Type
    • 5.2.1.1. Linear Voltage Regulators
    • 5.2.1.2. Switching Voltage Regulators
  • 5.2.2. By Phase
    • 5.2.2.1. Single Phase
    • 5.2.2.2. Three Phase
  • 5.2.3. By Application
    • 5.2.3.1. Industrial Control Systems
    • 5.2.3.2. Power Transmission and Distribution
    • 5.2.3.3. Consumer Electronics
    • 5.2.3.4. Battery Management Systems
    • 5.2.3.5. Others
  • 5.2.4. By End-user Industry
    • 5.2.4.1. Energy and Power
    • 5.2.4.2. Electrical and Electronics
    • 5.2.4.3. Medical
    • 5.2.4.4. Telecommunications
    • 5.2.4.5. Automotive
    • 5.2.4.6. Others
  • 5.2.5. By Region
    • 5.2.5.1. North
    • 5.2.5.2. South
    • 5.2.5.3. East
    • 5.2.5.4. West and Central
  • 5.2.6. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Type
  • 5.3.2. By Phase
  • 5.3.3. By Application
  • 5.3.4. By End-user Industry
  • 5.3.5. By Region

All segments will be provided for all regions covered

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Market Dynamics

• 8.1. Market Drivers
• 8.2. Market Challenges

9. Market Trends and Developments

10. Competitive Landscape

• 10.1. Competition Matrix of Top 5 Market Leaders
• 10.2. SWOT Analysis for Top 5 Players
• 10.3. Key Players Landscape for Top 10 Market Players
  • 10.3.1. ABB India Limited
    • 10.3.1.1. Company Details
    • 10.3.1.2. Key Management Personnel
    • 10.3.1.3. Products and Services
    • 10.3.1.4. Financials (As Reported)
    • 10.3.1.5. Key Market Focus and Geographical Presence
    • 10.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 10.3.2. GE Vernova T&D India Limited
  • 10.3.3. Siemens India Limited
  • 10.3.4. Servomax Limited
  • 10.3.5. Prima Automation (India) Private Limited
  • 10.3.6. EVR Electricals Private Limited
  • 10.3.7. Fuji Electric India Private Limited
  • 10.3.8. Jindal Rectifiers Private Limited
  • 10.3.9. P2 Power Solutions Private Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

11. Strategic Recommendations

12. About Us and Disclaimer

List of Tables

• Table 1. Competition Matrix of Top 5 Market Leaders
• Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Voltage Regulator Market, By Value, In USD Million, FY2018-FY2032F
• Figure 2. India Voltage Regulator Market Share (%), By Type, FY2018-FY2032F
• Figure 3. India Voltage Regulator Market Share (%), By Phase, FY2018-FY2032F
• Figure 4. India Voltage Regulator Market Share (%), By Application, FY2018-FY2032F
• Figure 5. India Voltage Regulator Market Share (%), By End-user Industry, FY2018-FY2032F
• Figure 6. India Voltage Regulator Market Share (%), By Region, FY2018-FY2032F
• Figure 7. By Type Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 8. By Phase Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 9. By Application Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 10. By End-user Industry Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 11. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2024