New York, Aug. 26, 2022 (GLOBE NEWSWIRE) — Research Nester has published a detailed market report on ‘Global Step-Down Voltage Regulator Market’ for the forecast period, i.e. 2022 – 2031 which includes the following factors:
- Market growth over the forecast period
- Detailed regional synopsis
- Market segmentation
- Growth drivers
- Challenges
- Key market players and their detailed profiling
Global Step-Down Voltage Regulator Market Size:
The global step-down voltage regulator market is estimated to grow at a notable CAGR over the forecast period. In essence, a step-down voltage regulator reduces output voltage relative to the input voltage. A step-down voltage regulator’s principal job is to keep the supplied voltage within reasonable limits. In order to continue the change-discharge function, step-up and step-down regulators are combined in rechargeable batteries. The wide temperature range, high input voltage, high output current, and low current consumption of step-down voltage regulators are just a few of the benefits that are predicted to boost the market’s expansion. Computers, smartphone adapters and chargers, drones, smartwatches, and other devices all use step-down voltage regulators, and increasing usage and sales of these smart devices are estimated to drive the market growth. It was found that around 1.40 billion smartphones were sold globally in 2021, and there were 106 active mobile subscriptions per 100 persons in 2020, as per the World Bank data.
Global Step-Down Voltage Regulator Market: Key Takeaways
- North America region gains the largest portion of the revenue
- Adapters and charger segment to dominate the revenue graph
- DC step-down regulator segment gains substantial market share in the type segment
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Growing Industrial Sector and Rising Usage of Regulators in Home Appliances to Boost Market Growth
Step-down voltage regulators are employed in industrial applications, in order to supply a product with a low voltage power source. It enables a constant output at various voltages that could differ from numerous voltage inputs. This makes it possible for many devices to operate efficiently without interfering with or harming their regular operation, mainly in manufacturing sectors, and the growing manufacturing sector across the world is estimated to boost the demand for step-down voltage regulators over the forecast period. After a pandemic-related decline of 4.2% in 2020, global manufacturing production rose by 9.4% in 2021 as per the data by United Nations Industrial Development Organization.
In addition to this, to transform high voltage AC electricity from the main supply into low voltage DC, which can be safely used by appliances, step-down voltage regulators are used in homes. Most of these regulators have a built-in timer that makes it safe to turn devices ON and OFF and keeps consumer goods batteries from being overcharged or undercharged and eliminates electrical hazards. Additionally, the rising incidences of electrical injuries on account of home appliances and consumer goods are predicted to boost the step-down voltage regulator market growth during the forecast period. It was noticed that in the US, there are more than 390 electrocutions annually on average and about 179 of these are connected to consumer goods and there are roughly 1000 electrical injury-related fatalities each year in the United States and of them, 400 or so are brought on by high-voltage electrical accidents.
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