Sag Corrector Market Share

North American Market Forecast

North America industry is predicted to dominate majority revenue share of 30% by 2037, owing to the growing need for enhanced power quality among the end-users. The most common types of power quality disturbances in the country are voltage fluctuations. In the United States, due to these interruptions, millions of dollars are lost annually in productivity. In the United States, a third of the demand for voltage stabilizers is generated by data centers and other electrical sectors themselves, making them major end-use industries in the US market in this sector. The United States has more than 2 700 data centers, accounting for around 38% of all global data centers. The country is the largest producer of silicon, accounting for more than 20 % of worldwide sales. Furthermore, new opportunities for market players in the country are expected to emerge as more and more applications of voltage sag protectors in different forms such as step-down voltage regulator become widely used in different sectors such as business, retail, or health care.

APAC Market Statistics

The Asia Pacific sag corrector market is expected to have a 25% of the revenue share during the forecast period. This region is projected to grow with a significant CAGR during the forecast period, owing to the growing industrialization in the region and the poor electricity quality in several nations. For India's power companies, which have traditionally concentrated on filling demand shortfall and ensuring 24-hour supply to all customer segments, the issue of quality of electricity is not one that has ever been a priority.