HS Code:
Voltage and voltage-current regulators with cut-out relays (HS Code: 9032.89) are critical components in electrical and electronic systems, used to maintain a constant voltage level and protect circuits from overcurrent or overvoltage conditions. These devices are widely utilized in automotive, industrial automation, power generation, and consumer electronics sectors. They ensure the stability and safety of electrical systems by automatically disconnecting circuits when anomalies are detected. Global trade in this category reflects the increasing demand for energy-efficient solutions and the rapid growth of automation and renewable energy technologies.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
UN Comtrade Database
USD 600 million
24% of total trade of total trade
Increasing
USD 500 million
20% of total trade of total trade
Increasing
USD 400 million
16% of total trade of total trade
Stable
USD 300 million
12% of total trade of total trade
Stable
USD 200 million
8% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Growing demand in renewable energy sector
Increased need for voltage regulators in solar and wind energy systems to ensure stable power output, driving trade volume growth by 15% annually in key markets.
2021-2023
Rise of electric vehicles (EVs)
Surge in demand for automotive voltage regulators with cut-out relays due to EV battery management systems, contributing to a 20% trade increase in the automotive segment.
2020-2022
Automation and Industry 4.0
Industrial automation has boosted the need for reliable voltage regulation in smart factories, leading to a steady 10% annual growth in trade for industrial applications.
2019-2023
The European Union introduced new safety and efficiency standards for voltage regulators under the Ecodesign Directive, requiring manufacturers to meet higher energy efficiency benchmarks.
January 2023
Increased production costs for non-compliant exporters but improved market access for companies meeting standards, potentially shifting trade flows toward EU-certified suppliers.
A new phase of trade negotiations between the US and China reduced tariffs on electronic components, including voltage regulators, from 7.5% to 5% as part of a broader de-escalation effort.
March 2022
Boosted Chinese exports to the US by approximately 8%, strengthening China's position in the market.
Leading manufacturers in Japan and Germany unveiled next-generation smart voltage regulators with IoT integration for real-time monitoring and control, targeting industrial and renewable energy applications.
September 2022
Expected to drive demand in high-tech markets, potentially increasing trade value by 10-12% over the next two years.