Regulator Rectifier Market Share

North American Market Forecast

The North American region will dominate the regulator rectifier market during the forecast period and will have almost 43% revenue share. This growth will be noticed due to the advancement in technologies of regulator rectifiers in this region. For instance, lithium batteries are all the rage now, mainly since the increase of electric vehicles. The power concentration of these cells also makes them alluring in industrial applications like utilities, power production, and oil & gas where voltages between 110 – 125VDC are usually noticed in substations. Pairing these batteries with a fitting charger decides whether or not your asset (the lithium battery) is exactly implemented and seemed after so that it lasts as long as they were planned for.

European Market Statistics

The European regulator rectifier market will also encounter a magnificent surge during the forecast period and will hold the second position. This growth will be noticed primarily because of the increasing sales of electric vehicles in this region. For the 12 months to July 2023, the region encountered a boost of 62% in EV sales, while diesel sales declined by 9%, Bloomberg reports, depending on information from the European Automobile Manufacturers Association (ACEA). In Germany, registrations in July 2023 alone jumped up by approximately 70%, with France and Spain also noticing double-digit expansion.