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Global Volt/VAR Management Market Size, Share, Trends: By Component: Hardware, Software and Services, By Application: Generation, Transmission, Distribution; By End User: Electric Utility, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Volt/VAR Management Market Outlook
The global volt/VAR management market is expected to grow at a CAGR of 5.5% between 2024 and 2032.
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By lowering reactive power flows, reducing maximum power through voltage reduction, and keeping the voltage within boundaries, volt/VAR management solutions assist in reducing energy loss. Some of its key features include voltage reduction, integration of renewables and distributed energy sources, inclusion of grid storage, network re-configuration, and improved voltage control.
Market Segmentation
Optimisation of volt/VAR (VVO) is a method of optimally controlling voltage concentrations and reactive power to obtain more effective girding operation by decreasing system losses, maximum demand, or energy usage. The volt/VAR management market can be segmented based on component, application, and end-use.
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Based on its components, the volt/VAR management market can be divided into hardware and software and services. Based on its application, the industry can be segmented into:
- Generation
- Transmission
- Distribution
Based on its end-use, the volt/VAR management market can be divided into industrial and electric utility.
The EMR report looks into the regional volt/VAR management market like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The global volt/VAR management industry is driven by the factors like increased need for electricity, distributed energy generation complexity, reduced operating expenditure, optimisation of the power factor, increased emphasis on reducing distribution losses, increased use of intelligent grids, enhanced technological progress, and reduced power outages.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global volt/VAR management market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- ABB Ltd.
- Eaton Corporation PLC
- General Electric Company (GE Energy)
Schneider Electric SE - Siemens AG
- Landis+Gyr AG
- Dominion Voltage Inc
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Volt/VAR Management Market Analysis
8.1 Key Industry Highlights
8.2 Global Volt/VAR Management Historical Market (2018-2023)
8.3 Global Volt/VAR Management Market Forecast (2024-2032)
8.4 Global Volt/VAR Management Market by Component
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Software and Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Volt/VAR Management Market by Application
8.5.1 Generation
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Transmission
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Distribution
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Volt/VAR Management Market by End User
8.6.1 Electric Utility
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Industrial
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Volt/VAR Management Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Volt/VAR Management Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Volt/VAR Management Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Volt/VAR Management Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Volt/VAR Management Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Volt/VAR Management Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ABB Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Eaton Corporation PLC
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 General Electric Company (GE Energy)
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Schneider Electric SE
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Siemens AG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Landis+Gyr AG
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Dominion Voltage Inc
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Volt/VAR Management Market: Key Industry Highlights, 2018 and 2032
2. Global Volt/VAR Management Historical Market: Breakup by Component (USD Million), 2018-2023
3. Global Volt/VAR Management Market Forecast: Breakup by Component (USD Million), 2024-2032
4. Global Volt/VAR Management Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Volt/VAR Management Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Volt/VAR Management Historical Market: Breakup by End User (USD Million), 2018-2023
7. Global Volt/VAR Management Market Forecast: Breakup by End User (USD Million), 2024-2032
8. Global Volt/VAR Management Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Volt/VAR Management Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Volt/VAR Management Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Volt/VAR Management Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Volt/VAR Management Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Volt/VAR Management Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Volt/VAR Management Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Volt/VAR Management Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Volt/VAR Management Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Volt/VAR Management Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Volt/VAR Management Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Volt/VAR Management Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Volt/VAR Management Market Structure
Key Questions Answered in the Report
The global volt/VAR management market is projected to grow at a CAGR of 5.5% between 2024 and 2032.
The market is being driven by the rising use of volt/VAR management solutions to reduce energy losses by reducing voltage and the surging deployment of volt/VAR management for integrating renewable and distributed energy sources.
The market growth can be associated with the increasing demand for electricity, surging technological advancements, and the establishment of intelligent grids.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major components of volt/VAR management are hardware and software and services.
The significant applications of volt/VAR management include generation, transmission, and distribution.
The various end users of volt/VAR management are electric utility and industrial.
The major players in the industry are ABB Ltd., Eaton Corporation PLC, General Electric Company (GE Energy), Schneider Electric SE, Siemens AG, Landis+Gyr AG, Dominion Voltage Inc, Others.
Analyst Review
The global volt/VAR management market is being driven by the rising demand for electricity. Aided by the surging technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component, the volt/VAR management industry can be categorised into hardware and software and services. On the basis of application, the market can be classified into generation, transmission, and distribution. By end user, the market can be categorised into electric utility and industrial. The major regional markets for volt/VAR management are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ABB Ltd., Eaton Corporation PLC, General Electric Company (GE Energy), Schneider Electric SE, Siemens AG, Landis+Gyr AG, Dominion Voltage Inc, Others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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