WILMINGTON, Del., Aug. 9, 2024 /PRNewswire/ — The global AC regulated power market is experiencing growth due to rising adoption of renewable energy sources. The shift towards renewable energy sources is significantly impacting the AC regulated power market. Renewable energy systems, such as solar and wind power, often generate variable and intermittent power, which can lead to fluctuations in the electricity supply. AC regulated power solutions play a crucial role in stabilizing the output from these renewable sources, ensuring a consistent and reliable power supply.
Allied Market Research published a report, titled, “AC Regulated Power Market by Type (Single-phase, Three-phase and Others) , Application (Data Centers, Healthcare Facilities, Industrial Control Systems, Offices and Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the ac regulated power market was valued at $108.9 billion in 2023, and is estimated to reach $360.5 billion by 2033, growing at a CAGR of 13.2% from 2024 to 2033.
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Prime determinants of growth
The global AC regulated power market is driven by the expansion of electronics and telecommunications industry. The rapid expansion of the electronics and telecommunications industry is another significant driver of the AC regulated power market. The need for stable and reliable power has become paramount with the proliferation of electronic devices, communication networks, and data centers. Electronic devices and communication systems are highly sensitive to power quality issues, and even minor disturbances can lead to significant disruptions. AC regulated power solutions ensure that these systems operate smoothly, protecting sensitive equipment from power fluctuations and enhancing overall system reliability. The increasing reliance on cloud computing, the Internet of Things (IoT) , and 5G networks further amplifies the need for high-quality power regulation, driving the market growth.
Report coverage & details:
Report Coverage
Details
Forecast Period
2024–2033
Base Year
2023
Market Size in 2023
$108.9 billion
Market Size in 2033
$360.5 billion
CAGR
13.2 %
No. of Pages in Report
350
Segments covered
Type, Application, and Region.
Drivers
Expanding Electronics and Telecommunications Industry Rising Adoption of Renewable Energy Sources Increasing Demand for Industrial Automation
Opportunities
Technological Advancements
Restraints
High Initial Costs
The three-phase segment to maintain its lead position during the forecast period
The demand for three-phase AC regulator power is increasing due to its ability to handle higher power loads efficiently, making it essential for industrial and commercial applications. Three-phase systems provide more stable and reliable power distribution, which is crucial for operating heavy machinery, large HVAC systems, and other high-power equipment. This stability reduces downtime and maintenance costs, enhancing productivity. Additionally, there is a greater need for robust power regulation to ensure equipment longevity and optimal performance, with the rise in industrial automation and expansion of manufacturing sectors. The increased adoption of renewable energy sources also necessitates three-phase regulation for efficient integration and distribution, driving further demand.
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The industrial control systems segment to maintain its lead position during the forecast period
The demand for AC regulator power in industrial control systems is increasing due to the need for precise and stable power to ensure the smooth operation of sensitive and high-precision equipment. Industrial control systems rely on consistent voltage and frequency to maintain optimal performance and avoid disruptions caused by power fluctuations. AC regulators enhance the reliability and efficiency of automated processes, reducing downtime and maintenance costs. The importance of stable power supplies grows, as industries adopt advanced automation and IoT technologies. This drives the demand for AC regulators. Additionally, energy efficiency mandates and the need for improved operational efficiency further boost the adoption of AC regulator power in industrial settings.
North America to maintain its dominance by 2033
The demand for AC regulator power in North America is increasing due to growth of industrial automation, expansion of renewable energy integration, and need for improved energy efficiency. Industrial sectors require stable and reliable power to maintain the performance of sensitive equipment, while renewable energy sources like solar and wind necessitate regulation to ensure consistent power output. Additionally, infrastructure modernization and the proliferation of advanced electronics and telecommunications systems further drive the need for regulated power. These trends, coupled with stringent energy efficiency regulations and the push towards sustainable practices, are significantly boosting the demand for AC regulator power across the region.
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Leading Market Players: –
Delixi Electric AC Power Corp. YINGJIAO Electrical Trystar Schneider Electric Tesca Acopian Technical Company Powertron India Private Limited Wavelength Electronics K-PAS Instronic
The report provides a detailed analysis of these key players in the global AC regulated power market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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