India Automatic Voltage Regulator Market By Type (Servo Motor, Relay Based), By kVA Rating (1 kVA-6kVA, 6kVA-12kVA, above 12 KVA), By Phase Type (Single Phase, Three Phase), By Application (Residential Commercial, Industrial), By Sales Channel (Online, Offline), By Region, Competition Forecast & Opportunities, 2017-2027F

India Automatic Voltage Regulator Market valued at USD213.17 million in 2021 and is anticipated to project a robust growth in the forecast period with an impressive CAGR of 8.05% and reach USD349.17 million. Initiatives such as ‘Smart Cities Mission’ and ‘Housing for All’ are also driving the growth of the India Automatic Voltage Regulator Market.

An automatic voltage regulator (AVR) is an electronic device that maintains a constant voltage level of electrical equipment on the same load. The AVR regulates voltage variations to deliver constant, reliable power supply. Without an automatic voltage regulator, voltage can sag, spike or surge and can damage electrical devices.

 Rise in Competition with Entry of New Players

It has been observed that there has been a rise in the new automatic voltage regulator companies which are inclining towards providing complete power solutions across the country. Major players are increasingly focusing on extending their product portfolios, which is leading towards the rise in a large number of new players in the market. The new emerging manufacturers and suppliers are also offering post sale maintenance activities as part of their integrated power solution package for a longer duration of period. This has led to a greater competition in the market. Hence, the rising rivalry in the market, is expected to contribute to the demand for automatic voltage regulators in the country in the upcoming years.

Focus on Product Branding for Brand Visibility

There have been many unbranded products in India’s automatic voltage regulators market under the brand name of many unorganized companies. Good branding elevates a business and builds recognition and loyalty among customers. Customers are attracted to brands that share similar values with them and sometimes develop an emotional connection with the organization. Hence the companies are focusing on product branding, an emerging trend in the market in the future.

Use of Internet of Things for Organic Growth

The main objective of Internet of Things (IoT) technologies is to simplify processes in different fields such as power, electricity etc., to ensure better efficiency of technologies. Digitalization has allowed ‘‘smart technologies’’ to become the epicenter of already ongoing technological developments. IoT technologies have allowed for a variety of efficient services and smart networking, applications, or devices that can ensure useful synergic effects and produce benefits. With the increase in the use of IoT technologies, the usage of the automatic voltage regulators is anticipated to grow in the upcoming years in India.

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Market Segmentation

The India Automatic Voltage Regulator Market is segmented on the basis of type, kVA Rating, Phase Type, Application, Sales Channel, Region. Based on type, the market is further bifurcated into Servo Motor, Relay Based. On the basis of kVA Rating, the market is fragmented into 1 kVA-6kVA, 6kVA-12kVA, above 12 KVA. Based on Phase Type, the market is divided into Single Phase and Three Phase. Based on Application, the market is segmented into Residential, Commercial, Industrial. Based on Sales Channel the market is segmented into Online and Offline. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among East, West, North and South.

Company Profiles

V-Guard Industries Ltd., Microtek International Private Limited, Capri Group, Livguard Energy Technologies Private Limited, Servokon System Ltd, Bluebird Power Controls Pvt. Ltd., Jindal Electric, Servomax Limited, Luminous Power Technologies Private Limited, are the leading market players in India Automatic Voltage Regulator Market.

Report Scope:

In this report, India Automatic Voltage Regulator Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         India Automatic Voltage Regulator Market, By Type:

• Relay Based
• Servo Motor
• India Automatic Voltage Regulator Market, By kVA Rating:
• 1 kVA-6kVA
• 6kVA-12kVA
• Above 12 KVA
• India Automatic Voltage Regulator Market, By Phase Type:
• Single Phase
• Three Phase
• India Automatic Voltage Regulator Market, By Application:
• Residential
• Commercial
• Industrial

·         India Automatic Voltage Regulator Market, By Sales Channel:

o   Online

o   Offline

• India Automatic Voltage Regulator Market, By Region:
• South
• West
• North
• East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Automatic Voltage Regulator Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).
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NOTE: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. Eg: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022.