Sag Corrector Market Size

Sag Corrector Market size is predicted to surpass USD 1.70 Billion by the end of 2035, growing at a CAGR of 6.5% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of sag corrector was around USD 779 Million. The market is flourishing owing to the growing digitization of electricity grids which raises a number of problems when it comes to providing an enhanced electrical quality. Digital technology investments connected to the grid have increased by over 50% since 2015 and are predicted to account for 19% of all grid investments in 2023.

In addition, market growth is also expected to be stimulated by a growing focus of government entities on the development of standards for electrical and electronic equipment. For instance, semiconductor equipment and materials international (SEMI) proposed the SEMI F47 voltage sag immunity standard. The tools must meet this standard's requirement for immunity to voltage sags. Because of this, producers of voltage sag correctors are progressively adhering to the standards in order to produce improved sag correctors, which is helping to fuel the growth in demand for sag correctors.