AC Regulated Power Market By Type (Single-phase, Three-phase, Others) , By Application (Data Centers, Healthcare Facilities, Industrial Control Systems, Offices, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
AC Regulated Power Market
The AC regulated power market was valued at $108.9 billion in 2023 and is projected to reach $360.5 billion by 2033, growing at a CAGR of 13.2% from 2024 to 2033.
AC regulated power is the stabilization of alternating current (AC) power to ensure consistency in the voltage and frequency received by electrical devices. Regulation of power is attained using devices such as voltage regulators, frequency converters, and power conditioners. Sensitive equipment such as industrial machinery, medical devices, telecommunications systems, and scientific instruments essentially utilize AC regulated power owing to their requirement for stable voltage & frequency for proper operation.
With increasing reliance on machinery and electronic devices, the demand for AC regulated power is significantly surging for a stable power supply. In addition, rise in the deployment of renewable energy resources into the power grid is boosting the requirement of power regulation, thereby augmenting the growth of the market. With the development of smart grid systems, the deployment of ingenious technologies such as real-time monitoring, AI algorithm, and the Internet of Things (IoT) devices into AC regulated power is an emerging trend. These advanced technologies offer robust control over power and enable remote monitoring.
However, the integration of AC regulated power into existing and outdated systems is a complex and time-consuming process, which restrains the growth of the market. In addition, these systems require constant maintenance, which surges the upfront costs and restricts their adoption, particularly among small & medium-sized enterprises. On the contrary, the rapid transformation of industries through digitalization is anticipated to present lucrative opportunities for market development. To safeguard the sensitive equipment present in industries, the adoption rate of AC regulated power is projected to rise. According to McKinsey, more than 50 billion devices are expected to be connected to the Industrial Internet of Things (IIoT) by 2025.
Segment ReviewThe AC regulated power market is segmented into type, application, and region. On the basis of type, the market is divided into single-phase, three-phase, and others. Depending on application, it is classified into data centers, healthcare facilities, industrial control systems, offices, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of type, the three-phase segment is expected to dominate during the forecast period.
Depending on application, the industrial control systems segment is projected to be the highest shareholder during the forecast period.
Region wise, North America is predicted to be the highest revenue generator by 2033.
Competition AnalysisThe leading players operating in the global AC regulated power market include Delixi Electric, AC Power Corp., YINGJIAO Electrical, Trystar, Schneider Electric, Tesca, Acopian Technical Company, Powertron India Private Limited, Wavelength Electronics, and K-PAS Instronic. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Key Market SegmentsBy TypeSingle-phase
Three-phase
Others
By ApplicationData Centers
Healthcare Facilities
Industrial Control Systems
Offices
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Delixi Electric
AC Power Corp.
YINGJIAO Electrical
Trystar
Schneider Electric
Tesca
Acopian Technical Company
Powertron India Private Limited
Wavelength Electronics
K-PAS Instronic