Sag Corrector Market to Grow with a CAGR of 5.59% through 2028
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According to TechSci Research report, “Sag Corrector Market – Global Industry Size, Share, Trends,?Competition Forecast & Opportunities, 2028”, the Global Sag Corrector Market stood at USD 819.10 million in 2022 and is anticipated to grow with a CAGR of 5.59% in the for and forecast period.
One significant driver of the global Sag Corrector market is the ever-increasing reliance on sensitive electronics across various industries and applications. In our modern digital age, electronic devices and equipment are integral to businesses, homes, and critical infrastructure. From manufacturing plants and data centers to healthcare facilities and telecommunications networks, sensitive electronic components are pervasive and essential for daily operations. Voltage sags, which are brief drops in voltage levels, can have detrimental effects on sensitive electronics. These sags can lead to data loss, equipment malfunctions, and costly downtime.
As organizations become more dependent on digital technology for their operations, the need to protect sensitive electronics from voltage sags becomes paramount. Sag correctors address this challenge by monitoring the incoming power supply and dynamically compensating for voltage sags in real-time. They ensure that sensitive electronics receive a stable and uninterrupted power supply, safeguarding against disruptions and equipment damage. This increasing reliance on sensitive electronics across industries is a driving force behind the growing demand for sag correctors worldwide.
The ongoing global push for grid modernization and the integration of renewable energy sources is another significant driver of the Sag Corrector market. As governments and utilities strive to create more resilient, sustainable, and efficient power grids, the need for power quality solutions like sag correctors has intensified. The integration of renewable energy sources, such as solar and wind power, into the grid has introduced variability and intermittency into the power supply. These sources are highly dependent on weather conditions, leading to fluctuations in energy production. Voltage sags can occur when renewable energy sources ramp up or down, impacting grid stability and power quality. Sag correctors play a pivotal role in addressing this challenge by maintaining voltage stability during sudden fluctuations in power generation. They help ensure a consistent and reliable power supply, making it feasible to integrate renewable energy sources on a larger scale.
Furthermore, grid modernization initiatives often involve the deployment of advanced technologies, such as smart grids and microgrids, which require enhanced power quality control. Sag correctors are integral components of these modernization efforts, supporting the efficient and reliable operation of next-generation power distribution systems. As governments worldwide continue to invest in renewable energy integration and grid modernization, the demand for sag correctors is expected to rise in tandem, making them a crucial driver in the evolving landscape of the global power quality solutions market.?????????????????????????????????????????????????????????????????????
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The Global Sag Corrector Market is segmented into amp rating, line voltage, wiring type, application and region.
Based on amp rating, The Less than 25A segment had the largest market share in 2022 & expected to maintain it in the forecast period. A significant portion of global electricity consumption occurs in residential and small commercial settings. In these environments, there is a demand for sag correctors to protect sensitive electronic equipment, such as home computers, televisions, refrigerators, and HVAC systems, from voltage sags and power disturbances. The relatively lower Amp Rating of "Less than 25A" is sufficient for these applications, making them the most common use case for sag correctors. Sag correctors with lower Amp Ratings tend to be more affordable and accessible to a broader range of consumers, including homeowners and small business owners. This affordability encourages adoption among a larger customer base. In contrast, higher Amp Rating sag correctors can be significantly more expensive and are typically deployed in larger industrial or commercial settings, limiting their prevalence in terms of the number of installations. With the proliferation of electronic devices in homes and small businesses, there is a growing need to protect these devices from voltage sags.
Based on wiring type, The Single Phase (L-N), segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. Single-phase (L-N) wiring is the standard configuration for residential and small commercial electrical systems in many regions worldwide. This wiring type is well-suited for supplying power to common household and small business appliances and equipment, making it the most prevalent electrical connection in these settings. As a result, sag correctors designed for single-phase (L-N) applications are in high demand to protect the sensitive electronics found in homes and small businesses. Residential consumers and small businesses represent a vast and diverse market for sag correctors.
Nearly every household and small business relies on electronic devices such as computers, televisions, refrigerators, and home entertainment systems. Voltage sags can disrupt the operation of these devices, leading to data loss, equipment damage, and inconvenience. To safeguard their investments and maintain uninterrupted power supply, homeowners and small business owners often opt for single-phase (L-N) sag correctors. Single-phase (L-N) sag correctors are typically more affordable and readily accessible to a broader range of consumers. This affordability encourages adoption among a larger customer base. Given that voltage sags are a common power quality issue in residential areas, the cost-effective nature of these sag correctors makes them an attractive solution.
Major companies operating in the Global?Sag Corrector?Market are:
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“The Global Sag Corrector market is expected to rise in the upcoming years and register a significant CAGR during the forecast period.The growth of the global sag corrector market is driven by the increasing demand for reliable and uninterrupted power supply in various industries, such as manufacturing, healthcare, and IT. Sag correctors are used to improve the power quality by compensating for voltage sags, which are temporary dips in voltage that can damage sensitive equipment. In addition, the growing digitization of electricity grids is also driving the growth of the sag corrector market. Digitization of grids leads to increased use of power electronic devices, which are more susceptible to voltage sags. Sag correctors can help to protect these devices from damage. Therefore, the market of Sag Corrector is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Sag Corrector Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Amp Rating (Less than 25A, 26A-110A, 111A-400A, More than 400A), By Line Voltage (Less than 220VAC, 221VAC-415VAC, More than 416VAC). By Wiring Type (Single Phase(L-L), Single Phase (L-N), Three Phase (3-Wire), Three Phase (4-Wire)), By Application (Data Center, Robotics & Machinery, Pharmaceuticals & Medicals), By Region, By Competition”, has evaluated the future growth potential of Global Sag Corrector Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Sag Corrector Market.
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