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Voltage Regulator Market Size - By Product (Linear, Switching), By Phase (Single Phase, Three Phase), By Voltage (≤ 40 kVA, > 40 kVA to 250 kVA, > 250 kVA), By Application (Residential, Commercial, Industrial) & Global Forecast, 2023 – 2032

  • Report ID: GMI6863
  • Published Date: Oct 2023
  • Report Format: PDF

Voltage Regulator Market Size

Voltage Regulator Market size was valued at USD 2.8 billion in 2022 and is estimated to grow at 8.2% CAGR between 2023 and 2032. A voltage regulator is an electronic device or circuit that is designed to maintain a constant voltage level at its output terminals regardless of variations in input voltage or load conditions. These systems are commonly used in electronic circuits and power supplies to ensure stable and reliable operation of connected devices.

Voltage Regulator Market

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The energy efficiency was a significant concern in the voltage regulator market. As energy consumption became a more critical consideration, there was a growing demand for voltage regulators especially in battery-powered and portable devices. These units are essential components in a wide range of electronic devices, from smartphones to IoT devices, driving the demand for these regulators.

COVID– 19 Impact

The COVID- 19 pandemic has had a significant impact on various industries, including the voltage regulator market. The extent and nature of this impact have been influenced by a variety of factors, including the pandemic's duration, the geographic location of companies, and the specific market segments within the voltage regulator industry. However, the increasing trend of work from home in line with ongoing deployment of advanced electrical equipment has complemented the business growth.

Voltage Regulator Market Trends

The renewable energy sector including solar and wind power generation, was experiencing significant growth. These systems are utilized across renewable energy systems to stabilize and control the output voltage, contributing to their efficiency and reliability. Moreover, the expansion of data centers to support cloud computing and digital services, voltage regulators played a critical role in ensuring the reliability of these facilities. Uninterruptible power supplies (UPS) and voltage regulation systems were essential components of data center infrastructure


Voltage Regulator Phase Market Analysis

 Voltage Regulator Market Size, By Phase, 2021 - 2032 (USD Billion)

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The three phase voltage regulator market size will witness growth rate of 8.3% up to 2032. The increasing adoption of industrial automation and robotics in manufacturing and other sectors requires a stable power supply, which in turn will foster the business outlook. Voltage regulators are essential to ensure the uninterrupted operation of automated systems, contributing to the growth of the market.

Voltage Regulator Market Revenue Share, By Product, 2022

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The linear voltage regulator market holds a market share of over 40% in 2022. These systems are gaining popularity owing to their efficiency and performance advantages, especially in battery-powered devices and IoT applications. Furthermore, these offer key advantage of maintaining stable output voltage even when the input voltage is only slightly higher than the desired output voltage, accelerating the industry growth.

The ≤ 40 kVA voltage regulator market is set to surpass USD 1.5 billion by 2032. The need for voltage stability in various applications, including residential, small businesses, and specific industrial settings, was driving the demand for voltage regulators in this range. Robust development of smart homes along with shifting focus toward home automation systems will positively sway the business scenario.

The proliferation of electronic devices in homes, including smart TVs, computers, gaming consoles, and home automation systems, the need for stable and clean power became more critical. Voltage regulators help protect these devices from voltage fluctuations and surges. The rise of remote work and the establishment of home offices led to increased demand for voltage regulators to ensure that computers and networking equipment receive consistent and reliable power, minimizing the risk of data loss and hardware damage.

Asia Pacific Voltage Regulator Market Size, 2021 - 2032 (USD Billion)

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The Asia Pacific voltage regulator market size exceeded USD 1 billion in 2022. Robust growth of the digital economy coupled with ongoing expansion of data centers and IT infrastructure will escalate the industry outlook. Stringent government policies and regulations aimed at improving the reliability and quality of power supply will further institute a favorable business scenario.

Voltage Regulator Market Share

The major operating across the market include:

  • Siemens
  • General Electric
  • Eaton
  • Toshiba Energy Systems & Solutions Corporation
  • STMicroelectronics
  • Infineon Technologies AG
  • ABB
  • Renesas Electronics Corporation
  • Ricoh USA, Inc.
  • Legrand
  • Maschinenfabrik Reinhausen GmbH
  • NXP Semiconductors
  • ROHM Co. Ltd.
  • Vicor, Microchip Technology Inc.
  • Selec
  • Schweitzer Engineering Laboratories, Inc.
  • Vishay Intertechnology, Inc.
  • Basler Electric
  • Analog Devices
  • Exar Corporation
  • BTRAC Ltd.
  • J. Schneider Elektrotechnik GmbH
  • Hindustan Power Control System
  • Purevolt 
  • Selvon Instruments Pvt. Ltd. 

Company Market Share: Siemens offers a variety of voltage regulation and control solutions for different applications, especially in the field of power distribution and electrical infrastructure. The company provides voltage regulators and voltage control equipment designed to maintain stable voltage levels in electrical distribution systems. Its solutions are used to ensure the quality and reliability of electrical power in industries, utilities, and infrastructure projects.

Voltage Regulator Market News

  • In July 2021, Legrand has expanded its presence in Northern Europe by acquiring Ensto Building Systems, a prominent Finnish provider of low-voltage solutions. This strategic move brings a comprehensive portfolio of electrical and digital infrastructure products, including cabinets, enclosures, wiring devices, heating control systems, lighting solutions, cable management products, electric vehicle terminals, and more, under Legrand's umbrella. This acquisition complements Legrand's already robust market positions in Southern and Eastern Europe, enhancing its overall footprint in the region.
  • Voltage regulators adhere to safety standards established by relevant authorities. For instance, in the United States, voltage regulators must often comply with regulations set by the Occupational Safety and Health Administration (OSHA) and the National Electrical Code (NEC). These standards are in place to ensure that voltage regulators are designed, manufactured, and installed in a way that minimizes electrical hazards.

This voltage regulator market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD” from 2019 to 2032, for the following segments:

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By Product

  • Linear
  • Switching

By Phase

  • Single Phase
  • Three Phase

By Voltage

  • ≤ 40 kVA
  • > 40 kVA to 250 kVA
  • > 250 kVA

By Application

  • Residential
  • Commercial
  • Industrial

The above information has been provided for the following regions and country:

  • North America
    • U.S.
    • Canada
    • Mexico 
  • Europe
    • Germany
    • France
    • Russia
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • New Zealand
    • Malaysia
    • Indonesia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • Egypt
    • South Africa
    • Nigeria
    • Kuwait
    • Oman
  • Latin America
    • Brazil
    • Peru
    • Argentina


Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market valuation of voltage regulator was worth USD 2.8 billion and is poised to surpass USD 6.2 billion by 2032, attributed to their extensive usage in electronic circuits and power supplies to ensure stable and reliable operation of connected devices.

Linear voltage regulator market accounted for more than 40% of revenue share in 2022 and is likely to gain momentum through 2032, owing to their efficiency and performance advantages, especially in battery-powered devices and IoT applications.

Asia Pacific voltage regulator industry size exceeded USD 1 billion in 2022 and is projected to expand at notable CAGR through 2032, owing to the robust growth of the digital economy along with the ongoing expansion of data centers and IT infrastructure in the region.

Some major voltage regulator companies are Siemens, General Electric, Eaton, Toshiba Energy Systems & Solutions Corporation, STMicroelectronics, Infineon Technologies AG, ABB, Renesas Electronics Corporation, and many others.

Voltage Regulator Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 27
  • Tables & Figures: 1107
  • Countries covered: 30
  • Pages: 400
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