A recent report was published by Reports and Insights which provides extremely crucial and in-depth knowledge about the title “Voltage Sag Protector Market: Opportunity Analysis and Future Assessment 2022-2030” this report enlightens the readers about the current market dynamics of the market, its opportunities and challenges along with its future in the coming years. A synopsis of the Voltage Sag Protector Market size and in-depth comprehension of the facts directed most meticulously and thoroughly for the development of the relevant market. Moreover, to make it more valuable for the readers, there is an extensive conceptual framework along with accurate information and some interesting graphical representation. The report further also aims to fulfil the essence of quantitative and qualitative synopsis which reflects upon the conceptual framework and pragmatic methodology of the market.
Global Voltage Sag Protector Market, By Number of Phases (Single-Phase Voltage Sag, Three-Phase Voltage Sag), By Wiring Type (Single Phase (L-L), Single Phase (L-N), Three Phase (3-Wire), Three Phase (4-Wire)), By Line Voltage (Less than 220 VAC, 221 to 400 VAC, 401 and Above VAC), By AMP Rating (2 A to 50 A, 50 A to 200 A, 200 A to 400 A, Above 400 A), By Ride Through time (Standard, Extended), By Applications (Retail, Healthcare, Commercial, Data Centre, Industrial) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
A voltage sag, also otherwise known as a voltage dip or voltage drop, can be pertained to as the phenomena where a dip in the rms voltage, generally within 10%-90% of nominal voltage, appears for a momentary period. There is a significant amount of manufacturing downtime and damaged equipment that can be allocated to momentary outages and voltage sags. They are perfect for manufacturing processes and sensitive electronics that need protection for up to five seconds.
A voltage sag can appear either because of natural incidents, such as storms, lightning, heavy winds, snow, and others, or through human-caused incidents, for instance, electrical overloading. Voltage sag protector protects load and equipment by supplying power safely with an ultra-fast switching method within 2ms, even in case of power failure of 15%, as well as a minimum of 100%.
The demand for voltage sag protector is rising with a rapid pace attributing to its beneficial attributes in comparison to its alternatives such as uninterrupted power supply (UPS) systems, is primarily driving the growth of the global voltage sag protector market.
In addition to that, the soaring needs amongst the end-users for regulating the quality of electrical power, together with the rising concern amongst commercial entities for the burden developed owing to the growing average cost of downtime for every voltage sag incident, is further projected to offer major opportunities to the growth of the global voltage sag protector market over the following years.
Having said that, factors like lack of awareness among the population regarding voltage sag proctors along with the inadequacy of knowledge and expertise to determine the problems in the grid power quality, such as voltage sags, brownouts, spikes, electrical noise, harmonics, and others, is likely to hold back the growth of the global voltage sag protector market in the coming years.
Reports and Insights Study identifies some of the key participating players in the voltage sag protector market globally are ABB, Rockwell Automation, Inc., Schneider Electric, Eaton Corporation plc, General Electric Company, SMC Electric, ORTEA SpA, Utility Systems Technologies, OKY LTD., Toshiba Mitsubishi-Electric Industrial Systems Corporation, Dranetz Technology, Inc., among others.