Voltage/VAR management technologies are utilized by the power industry to reduce electrical line losses and increase grid efficiency. Voltage/VAR management or control is important for the performance of electrical utility, like ability to deliver power within appropriate voltage limits for proper operation of consumer equipment and to minimize losses.
Increased renewable power integration, improvements in energy efficiency and system voltages within the distribution system, and reduction within the environmental impact of energy delivery drive the expansion of the global Volt/VAR systems market. However, demand of high initial prices impedes the market growth. increased energy efficiency offers a major opportunity for market growth.
How Big is The Global Voltage/VAR management Market?
The Voltage/VAR management Market is expected to be around US$ 800 Million by 2027 at a CAGR of 5.7% in the given forecast period.
The major driving factors of Voltage/VAR management Market are as follows:
The major restraining factors of Voltage/VAR management Market are as follows:
The major opportunities factor of Voltage/VAR management Market are as follows:
The major challenges factor of Voltage/VAR management Market are as follows:
The Voltage/VAR management Market has been segmented as below:
By Solution:
By Regional Analysis:
North America
Europe
Asia-Pacific
Rest of the World
The Voltage/VAR management Market is segmented on the lines of its solution and regional. Based on solution is segmented into Volt/VAR Control, Distribution Voltage Optimization, Conservation Voltage Reduction, Distribution Volt/VAR Control and Others. The Voltage/VAR management Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific and Latin America. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for Voltage/VAR management Market and related technologies.
2) Analyses of global market trends, with data from 2019, estimates for 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2027.
3) Identifications of new market opportunities and targeted promotional plans for Voltage/VAR management Market
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
Report scope:
The scope of the report includes a detailed study of Voltage/VAR management Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report ABB, General electric company, Schneider electric, Siemens AG, Silver spring networks, Beckwith electric co., Inc., Eaton, Gridco systems, S&c electric company and Varentec. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
Reasons to Buy this Report:
1) Obtain the most up to date information available on all Voltage/VAR management Market.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of Voltage/VAR management Market.
4) Assess your competitor’s refining portfolio and its evolution.
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1. Introduction
1.1 Report Description
1.2 Markets Covered
1.3 Stakeholders
2. Research Methodology
2.1 Research Data
2.2 Market Size Estimation and Data Triangulation
2.3 Research Assumptions
3. Summary with Insights
4. Market Overview
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Industry Trends
4.5 Porter’s Five Forces Analysis
5. Voltage/VAR management Market Analysis, By Solution
5.1 Volt/VAR Control
5.2 Distribution Voltage Optimization
5.3 Conservation Voltage Reduction
5.4 Distribution Volt/VAR Control
5.5 Others
6. Competitive Overview
6.1 Introduction
6.2 New Product Launches
6.3 Acquisitions
6.4 Agreements, Partnerships, And Collaborations
6.5 Expansions
7. Company Profiles
7.1 Abb
7.2 General electric company
7.3 Schneider electric
7.4 Siemens ag
7.5 Silver spring networks
7.6 Beckwith electric co., inc.
7.7 Eaton
7.8 Gridco systems
7.9 S&c electric company
7.10 Varentec
The Voltage/VAR management Market has been segmented as below:
By Solution:
By Regional Analysis:
North America
Europe
Asia-Pacific
Rest of the World
