Volt/VAr Management Market, 2022 by Application (Distribution, Transmission, and Generation), Component (Hardware component and Software and Services), End-User (Electric Utility and Industrial) – ResearchAndMarkets.com

February 27, 2018

DUBLIN–(BUSINESS WIRE)–The "Volt/VAr
Management Market by Application (Distribution, Transmission, and
Generation), Component (Hardware component and Software and Services),
End-User (Electric Utility and Industrial), and Region – Global Forecast
to 2022" report has been added to ResearchAndMarkets.com's
offering

The volt/VAr management market is projected to grow from an estimated
USD 398.9 million in 2017 to USD 527.1 million by 2022, at a CAGR of
5.73%, from 2017 to 2022.

The need to reduce distribution losses and operational costs and
optimize power factor, the increasing complexity of distributed energy
generation, and rising demand for electricity are driving the market
across the world. High initial costs for the deployment of volt/VAr
management is a restraint for the market.

The distribution segment is expected to dominate the volt/VAr management
market during the forecast period. The rise in the deployment of smart
grids and a need to reduce power outages and faults in distribution
feeders are the major drivers of the distribution segment of the
volt/VAr management market. North America is expected to be the largest
and the fastest-growing distribution volt/VAr management market.

North America is the largest market for volt/VAr management, followed by
Europe. Reducing power losses would lead to an increase in investments
in volt/VAr management. This would also boost the demand for volt/VAr
management in North America. The US and Canada are expected to grow at a
fast pace during the forecast period.

The leading players in the volt/VAr management market are ABB
(Switzerland), Schneider Electric (France), Siemens AG (Germany), GE
(US), and Eaton (Ireland).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Volt/VAr Management Market, By Application

7 Volt/VAr Management Market, By Component

8 Volt/VAr Management Market, By End-User

9 Volt/VAr Management Market, By Region

10 Competitive Landscape

11 Company Profiles

  • ABB
  • Advanced Control Systems
  • Beckwith Electric
  • Dc Systems
  • DVI
  • Eaton
  • GE
  • Landis+Gyr
  • Open Systems International
  • S&C Electric Company
  • Schneider Electric
  • Siemens
  • Utilidata
  • VArentec

For more information about this report visit https://www.researchandmarkets.com/research/zlt9z8/voltvar?w=4

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Related
Topics: Utilities,
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