Volt/VAr Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Volt/VAr Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

  • August 2018 •
  • 100 pages •
  • Report ID: 5566938 •
  • Format: PDF
The report on global volt/var management market provides qualitative and quantitative analysis for the period of 2016 to 2024.

The report predicts the global volt/var management market to grow with a CAGR of 5.7% over the forecast period of 2018-2024. The study on volt/var management market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
Volt technologies are mostly used by the power industry to reduce electric lines losses and increase grid efficiency. The distribution grid is inefficient. This inefficiency leads to wasted electricity, unnecessary generation, wasted money, and harmful CO2 in the atmosphere. The main function of the volt management is to enhance the voltage control, integration of grid storage and integration of distributed energy resources and renewables. The important benefit of Voltis that they are able to optimize power factor such that the utility has to generate less power to satisfy the demand of its customers. This further reduces environmental impact and CO2 footprint.
Reduction in transmission and distribution losses are the major factor driving the growth of the volt management market. The transmission and distribution losses in the electricity sector occurs when the amount of electricity generated is greater than the amount of electricity delivered to end-users. In addition, Lower Operational Costs, reduction in environmental impact of energy delivery and increased renewable power generation is projected to boost the growth of the volt management market .The integration of renewable generation is done to reduce carbon emissions and emissions of other air pollutants through increased use of renewable energy and other clean distributed generation. However, high initial costs are likely to restrain the growth of the volt management system during the forecast period. Furthermore, using intelligent electronic devices and advanced algorithms can now control the voltage levels in real time to optimize the power flows as well as reduce energy consumption. This in turn is anticipated to create several growth opportunities for the volt management market over the upcoming years.
Among the geographies, North America dominated the volt management market owing to the Increasing investments in smart grids, and advanced distribution management systems followed by Europe. Moreover, US and Canada are projected to grow over the rapid pace over the upcoming years.

The report on volt/var management market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global volt/var management market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global volt/var management market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.

Research Methodology

A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers

Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global volt/var management market is segmented on the basis of component, application and end-user.

Global Volt/var Management Market by Component
- Hardware
- Software And Services
Global Volt/var Management Market by Application
- Distribution
- Transmission
- Generation
Global Volt/var Management Market by End-User
- Electric Utility
- Industrial

Company Profiles
- Schneider Electric
- GE
- ABB
- Siemens AG
- Eaton Corporation
- DVI
- Beckwith Electric Co., Inc.
- Advanced Control Systems
- S&C Electric Company
- Volt/VAr Management

How this report delivers?
1. Comprehensive analysis of global as well as regional markets of volt/var management market.
2. Complete coverage of all the segments in volt/var management market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global volt/var management market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.