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, 2017-2027

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.

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.

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,

Company Profiles

V-Guard Industries Ltd.,