Global Sag Corrector Market to Grow with a Moderate CAGR
During 2021-2029; Increasing Need Amongst Organizations to
Optimize their Downtime Costs to Create Opportunities for
Research Nester published a report titled “Sag Corrector Market:
Global Demand Analysis & Opportunity Outlook 2029” which
delivers detailed overview of the global sag corrector market in terms of
market segmentation by amp rating, line voltage, wiring type, application,
end-user industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry
growth indicators, restraints, supply and demand risk, along with detailed
discussion on current and future market trends that are associated with the
growth of the market.
The global sag corrector market is segmented by end-user industry into
retail, healthcare, commercial, industrial, IT, manufacturing, and others.
Among these segments, the manufacturing segment is projected to hold the
largest market share by the end of 2021 owing to the growing concern
amongst the manufacturing organizations for the significant loss faced due
to faulty grid power supply, along with the significant dependence of
manufacturing industries on electrical energy to power the equipment
deployed in the factories.
The global sag corrector market is anticipated to grow with a moderate CAGR
during the forecast period, i.e., 2021-2029 on account of the numerous
challenges observed in grid electricity, such as voltage sags and others, which
is raising the need amongst the end-users to deploy sag correctors to avoid
equipment failure. Moreover, the high cost-effectiveness of sag correctors
over uninterrupted power systems (UPS), is also anticipated to contribute to
the market growth in the coming years.
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Regionally, the global sag corrector market is segmented into five major
regions including North America, Europe, Asia Pacific, Latin America, and
the Middle E