Global Voltage Sag Compensators Market Report, History and Forecast 2018-2029

Global Voltage Sag Compensators Market Report, History and Forecast 2018-2029

Market Analysis and Insights: Global Voltage Sag Compensators Market

This report focuses on global Voltage Sag Compensators market, also covers the segmentation data of other regions in regional level and county level.

Modern industries are becoming more automated and the sensitivity of processes to power quality events is increasing. Although utilities endeavor to supply reliable, high-quality power, voltage sags and surges will continue to be a fact of life, even with modern power networks. Even a short event of less than one cycle can cause processes to unexpectedly stop, potentially resulting in product damage, wastage, and production shortages.

A voltage sag is not a complete interruption of power; it is a temporary drop below 90 percent of the nominal voltage level. Most voltage sags do not go below 50 percent of the nominal voltage, and they normally last from 2 to 10 cycles - or from 32 to 200 milliseconds.

There are two sources of voltage sags: external, on the utility’s transmission and distribution lines, and internal within the customer’s facility.

Utilities continuously strive to provide the most reliable and consistent electric power possible. In the course of normal utility operations, however, many things can cause voltage sags.

Weather is the most common cause of external sags and momentary interruptions all around the world. Thunderstorms and lightning strikes on power lines create line to ground faults causing voltage sags in a wide area.

High winds can blow tree branches into power lines, connecting the line with the ground and shorting between phases. A series of sags will occur as the branches repeatedly touch the power lines.

Snow and ice buildup on power lines can cause flash overs on the insulators.

Other external causes are traffic accidents, construction works and animals impacting the power lines.

Internal causes of voltage sags can include starting major loads and grounding or wiring problems. Whether or not a voltage sag causes a problem will depend on the magnitude and duration of the sag and on the sensitivity of your equipment. Many types of electronic equipment are sensitive to voltage sags, including variable speed drive controls, motor starter contactors, robotics, programmable logic controllers, controller power supplies, and control relays. Much of this equipment is used in applications that are critical to an overall process, which can lead to very expensive downtime when voltage sags occur.

If the quality of electricity supplied to the plants drops below a certain level, equipment no longer works properly and customers are likely to experience problems. Sensitive industry sectors may incur a Power Quality cost up to 4% of their turnover, with about 60% of those costs caused by voltage SAGs and short interruptions. The cost of a voltage SAG is usually lower than the cost of an interruption, either short or long, but SAGs are much more frequent. An interruption will affect all (unprotected) services, SAGs may affect only those that are most sensitive.

Many businesses require voltage or power conditioning rather than battery back-up power, provided by UPS system. In those cases where back-up power is unnecessary, a voltage conditioner provides superior protection and additional power quality functions, such as protecting against over/under voltage, voltage fluctuations, SAGs. Moreover protecting a whole plant by UPS, which can guarantee SAGs immunity, may be very costly, due to battery and maintenance costs. The right solution is the sag compensator.

Global key Voltage Sag Compensators players include ABB, Rockwell Automation, Schneider Electric, Eaton, Nissin Electric, Sanyo Denki, Delta Electronics, Sinexcel, OKY, Shizuki and Ortea etc. The top 3 companies hold a share (by sales volume) about 54.04%. Asia is the largest market with a share about 39.52%, followed by Europe and North America. In terms of product, Three Phase Voltage Sag Compensators product is the largest segment with a share about 73.91%. And in terms of applications, the largest application is Continous Production Lines with a share about 24.45%.

The global Voltage Sag Compensators market was valued at US$ 577.26 million in 2022 and will reach US$ 778.54 million by the end of 2029, growing at a CAGR of 3.4% during 2023-2029. The escalating demand for Voltage Sag Compensators stems from increased industrialization, the widespread use of sensitive electronic equipment, amplified awareness of power quality issues, technological advancements offering more efficient solutions, stringent regulatory standards, and the global expansion of infrastructure. These factors collectively drive the market growth by emphasizing the need for reliable compensators to ensure uninterrupted power supply and protect sensitive equipment across various industries and applications.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Voltage Sag Compensators, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Voltage Sag Compensators.

The Voltage Sag Compensators market size, estimations, and forecasts are provided in terms of sales volume (Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Voltage Sag Compensators market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Voltage Sag Compensators market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

Market Segmentation

This report covers the Voltage Sag Compensators segments by manufacturers, by Type, by Application, by region and country, and provides market size (value, volume and average price) and CAGR for the history and forecast period (2018-2022, 2023-2029), considering 2022 as the base year. It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.

By Company

ABB

Rockwell Automation

Eaton

Sanyo Denki

Schneider Electric

Nissin Electric

Delta Electronics

Sinexcel

Shizuki

Ortea

OKY

Segment by Type

Three Phase Voltage Sag Compensators

Single Phase Voltage Sag Compensators

Segment by Application

Electronic Industry

Food and Beverage

Continous Production Lines

Medical

Pharmaceutical Industry

Data Centres

Other

Segment by Region

North America

United States

Canada

Mexico

Asia

China

Japan

Republic of Korea

India

Chinese Taipei

Indonesia

Malaysia

Other Asia

Europe

Germany

Spain

Russia

France

UK

Italy

Other Europe

Middle East

Eurasia

South America

Africa

Oceania

Core Chapters

Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for Asia, Europe, North America, Middle East, Eurasia, Central and South America, Africa and Oceania.

Chapter Two: Detailed analysis of Voltage Sag Compensators manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter Three: Sales, revenue of Voltage Sag Compensators in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter Four: Introduces market segments by Application, market size segment for Asia, Europe, North America, Middle East, Eurasia, Central and South America, Africa and Oceania.

Chapter Five, Six, and Seven: Asia, Europe, North America, Middle East, Eurasia, Central and South America, Africa and Oceania, sales and revenue by country.

Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter Nine: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter Ten: Analysis of sales channel, distributors and customers.

Chapter Eleven: Research Findings and Conclusion. Show more