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Global Volt/VAR Management Market: By Component: Hardware, Software & Services, By Application: Generation, Transmission, Distribution; By End User: Electric Utility, Industrial; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Volt/VAR Management Market Outlook

The global volt/VAR management market is projected to grow by USD 578 million at a CAGR of 5.10% during the forecast period of 2021-2026.

 

Global Volt/VAR Management Market By Region

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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.

 

Properties and Applications

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.

 

Global Volt/VAR Management Market By Application

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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.

 

Global Volt/VAR Management Market By Region

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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.

 

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
  • Eaton
  • GE Energy
  • Schneider Electric
  • Siemens
  • Landis+Gyr
  • DVI 
  • 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 Questions Answered in the Report

  • How has the global volt/VAR management market performed in the previous years (2016-2020)?
  • What is the forecast assessment of the industry for 2021-2026?
  • What are the major drivers for the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major constraints for the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major demand indicators of the global volt/VAR management market?
  • What are the major price indicators of the global volt/VAR management system market?
  • What is the degree of competition in the global industry?
  • What are the major events and developments taking place within the industry globally?

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Volt/VAR Management Market Analysis
    6.1    Global Volt/VAR Management Market (2016-2020) & Forecast (2021-2026)
    6.2    Global Volt/VAR Management Market Breakup by Component
        6.2.1    Hardware
        6.2.2    Software & Services
    6.3    Global Volt/VAR Management Market Breakup by Component: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Hardware
        6.3.2    Software & Services
    6.4    Global Volt/VAR Management Market Breakup by Application
        6.4.1    Generation
        6.4.2    Transmission
        6.4.3    Distribution
    6.5    Global Volt/VAR Management Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    Generation
        6.5.2    Transmission
        6.5.3    Distribution
    6.6    Global Volt/VAR Management Market Breakup by End User
        6.6.1    Electric Utility
        6.6.2    Industrial
    6.7    Global Volt/VAR Management Market Breakup by End User: Historical Market (2016-2020) & Forecast (2021-2026)
        6.7.1    Electric Utility
        6.7.2    Industrial
    6.8    Managed Services Global Volt/VAR Management Market Breakup by Region
        6.8.1    North America
            6.8.1.1    United States of America
            6.8.1.2    Canada
        6.8.2    Europe
            6.8.2.1    Germany
            6.8.2.2    United Kingdom
            6.8.2.3    France
            6.8.2.4    Italy
            6.8.2.5    Others
        6.8.3    Asia Pacific
            6.8.3.1    China
            6.8.3.2    Japan
            6.8.3.3    India
            6.8.3.4    ASEAN
            6.8.3.5    Others
        6.8.4    Latin America
            6.8.4.1    Brazil
            6.8.4.2    Argentina
            6.8.4.3    Mexico
            6.8.4.4    Others
        6.8.5    Middle East & Africa
            6.8.5.1    Saudi Arabia
            6.8.5.2    United Arab Emirates
            6.8.5.3    Nigeria
            6.8.5.4    South Africa
            6.8.5.5    Others
    6.9    Global Volt/VAR Management Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.9.1    North America
            6.9.1.1    United States of America
            6.9.1.2    Canada
        6.9.2    Europe
            6.9.2.1    Germany
            6.9.2.2    United Kingdom
            6.9.2.3    France
            6.9.2.4    Italy
            6.9.2.5    Others
        6.9.3    Asia Pacific
            6.9.3.1    China
            6.9.3.2    Japan
            6.9.3.3    India
            6.9.3.4    ASEAN
            6.9.3.5    Others
        6.9.4    Latin America
            6.9.4.1    Brazil
            6.9.4.2    Argentina
            6.9.4.3    Mexico
            6.9.4.4    Others
        6.9.5    Middle East & Africa
            6.9.5.1    Saudi Arabia
            6.9.5.2    United Arab Emirates
            6.9.5.3    Nigeria
            6.9.5.4    South Africa
            6.9.5.5    Others
7    SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Buyer’s Power
    8.3    Supplier’s Power
    8.4    New Entrants
    8.5    Degree of Rivalry
    8.6    Substitutes
9    Competitive Landscape & Supplier Analysis
    9.1    ABB
        9.1.1    Company Overview
        9.1.2    Financial Analysis
    9.2    Eaton
        9.2.1    Company Overview
        9.2.2    Financial Analysis
    9.3    GE Energy
        9.3.1    Company Overview
        9.3.2    Financial Analysis
    9.4    Schneider Electric
        9.4.1    Company Overview
        9.4.2    Financial Analysis
    9.5    Siemens
        9.5.1    Company Overview
        9.5.2    Financial Analysis
    9.6    Landis+Gyr
        9.6.1    Company Overview
        9.6.2    Financial Analysis
    9.7    DVI
        9.7.1    Company Overview
        9.7.2    Financial Analysis
    9.8    Others
10    Industry Events and Developments

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