Energy & Green Renewable Technology Market News

Volt/VAr Management Market “estimated to reach US$ 568 Million by 2024” in new research

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Volt/VAr Management Market Covered By Top Key Players: ABB, Eaton, GE, Schneider, Siemens, Landis+Gyr, DVI, Open Systems International and Others.

A Fresh report titled “Volt/VAr Management Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 124 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.

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Table of Contents

  • Introduction
  • Research Methodology
  • Executive Summary
  • Premium Insights
  • Market Overview
  • Volt/VAr Management Market, By Component
  • Volt/VAr Management Market, By Application
  • Volt/VAr Management Market, By End-User
  • Volt/VAr Management Market, By Region
  • Competitive Landscape
  • Company Profile
  • Appendix

The Volt/VAr Management Market is projected to reach US$ 568 Million by 2024 from an estimated US$ 427 Million in 2019, at a CAGR of 5.9%. This report spread across 124 Pages, profiling 14 companies and supported with 63 tables and 28 figures is now available in this research.

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 & faults in distribution feeders are the primary drivers of the distribution segment of the volt/VAr management market.

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Electric utility accounted to be the largest market for Volt/VAr management as the service helps utilities in providing the appropriate voltage to end-consumers at optimal power factor to minimize losses. The power demand is expected to increase significantly in economies such as China, India, and the US, which is expected to boost the demand for volt/VAr management during the forecast period.

“North America: The key market for volt/VAr management.”

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 will 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.

Report Highlights:

  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To define, describe, and forecast the volt/VAr man…ent market by application, component, end-user, and region
  • To provide detailed information on the major factors influencing the growth of the volt/VAr management market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the volt/VAr management market with respect to individual growth trends, prospects, and contribution of each segment to the market
  • To analyze the market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the growth of the volt/VAr management market with respect to the regions (Asia Pacific, Europe, North America, South America, and the Middle East & Africa )
  • To track and analyze the competitive developments such as contracts & agreements, expansions, new product developments, mergers & acquisitions, and partnerships in the volt/VAr management market.

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Top Companies profiled in the Volt/VAr Management Market report include are ABB (Switzerland), Schneider Electric(France), Siemens AG (Germany), GE (US), and Eaton (Ireland).

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