1. Voltage regulators are used to provide a stable DC voltage for powering other electronic circuits by regulating the output voltage regardless of changes in the input voltage or load current. 2. There are two main types of voltage regulators - linear regulators which use a series pass transistor operating in the linear region, and switching regulators which provide advantages over linear regulators such as short circuit protection and adjustable output voltage. 3. Characteristics of voltage regulators include a fixed regulated output voltage, a minimum input voltage requirement of at least 2V more than the output voltage, and load current variation from 0 to the maximum rated output current.