Volt/VAR Management Market -Global Industry Analysis and Forecast (2022-2029)


Volt/VAR Management Market was valued US$ 536.86 Mn in 2021 and is expected to reach 861.51 Mn by 2029, at a CAGR of 6.09 % during a forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.Global Volt/VAR management MarketTo know about the Research Methodology:-Request Free Sample Report

Volt/VAR management Market: Overview

Voltage/VAR management technologies are applied by the power industry to decrease electrical line victims and rise grid productivity. Voltage/VAR management or control is significant for the presentation of electrical utility, like capacity to deliver power within appropriate voltage limits for proper operation of consumer equipment and to minimize losses. Volt/VAR Management market increased renewable power integration, improvement in energy efficiency and system voltages within the distribution system which drive the expansion of global Volt/VAR system market during forecast period.

Volt/VAR management Market: Drivers and Restraints

Improved renewable power integration, enhancements in energy efficiency and system voltages within the distribution system, and decrease within the environmental impact of energy delivery which drive the expansion of the global Volt/VAR systems market. Though, demand of high initial prices hampers the market growth but increased energy efficiency offers a major opportunity for market growth during forecast period.

• Decrease in Transmission & Distribution Losses
• Enhancing Power Factor
• Lower Operational Costs

On the other hand, the major restraint of Volt/VAR Management market is high initial cost which delay the demand for market share during forecast period.

Volt/VAR management Market: Segment Analysis

On the basis of the end-user, the electric utility segment is anticipated to grip the largest market share by 2026. Growing investments in circulated power generation for renewable sources such as solar and wind and the implementation of volt/VAR management projects for voltage & power optimization are predicted to initiative the electric utility segment during the forecast period.

Volt/VAR management Market: Regional Analysis

In the geographical area, North America is the largest market for volt/VAR management, followed by Europe which lead to increase the demand for volt/VAR management market during forecast period. Reducing power losses would lead to a rise in investments in volt/VAR management which would boost the demand for volt/VAR management in North America.

The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global Volt/VAR management market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence. To understand the market dynamics and by region, the report has covered the PEST analysis by region and key economies across the globe, which are supposed to have an impact on market in forecast period.

PORTER’s analysis, and SVOR analysis of the market as well as detailed SWOT analysis of key players has been done to analyze their strategies. The report will to address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the Global Volt/VAR management market.

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Global Volt/VAR Management Market




Report Coverage
Details




Base Year:
2021
Forecast Period:
2022-2029




Historical Data:
2017 to 2021
Market Size in 2021:
US $ 536.86 Mn.




Forecast Period 2022 to 2029 CAGR:
6.09%
Market Size in 2029:
US $ 861.51 Mn.




 Segments Covered:
by Component
• Hardware
• Software
• Services




by End User
• Electric Utility
• Industrial




by Application
• Distribution
• Transmission
• Generation






Volt/VAR management Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

Volt/VAR management Market Key Players are:

• ABB
• Eaton
• GE
• Schneider
• Siemens
• Landis+Gyr
• DVI
• Open Systems International
• Utilidata
• Varentec
• Silver spring networks
• Beckwith electric co., Inc.
• Gridco systems
• S&c electric company

Frequently Asked questions

1. What is the market size of the Global Volt/VAR Management Market in 2021?
Ans. The market size Global Volt/VAR Management Market in 2021 was US$ 536.86 Million.

2. What are the different segments of the Global Volt/VAR Management Market?
Ans. The Global Volt/VAR Management Market  is divided into Component, Application and End User.

3. What is the study period of this market?
Ans. The Global Volt/VAR Management Market will be studied from 2021 to 2029.

4. Which region is expected to hold the highest Global Volt/VAR Management Market share?
Ans. The Asia Pacific dominates the market share in the  market.

5. What  is the Forecast Period of Global Volt/VAR Management Market?
Ans. The Forecast Period of the market is 2022-2029 in the market. 





Global Volt/VAR management Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.2. Secondary data
2.3.3. Secondary Sources
2.3.4. Primary Research
2.3.5. Data from Primary Sources
2.3.6. Breakdown of Primary Sources

3. Executive Summary: Global Volt/VAR management Market, by Market Value (US$ Mn)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends in Global Volt/VAR management Market and Emerging Technologies
4.8. Global Volt/VAR management Market Competitive Landscape

5. Supply Side and Demand Side Indicators

6. Global Volt/VAR management Market Analysis and Forecast
6.1. Global Volt/VAR management Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Volt/VAR management Market Analysis and Forecast, By Component
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Volt/VAR management Market Value Share Analysis, By Component
7.4. Global Volt/VAR management Market Size (US$ Mn) Forecast, By Component
7.5. Global Volt/VAR management Market Analysis, By Component
7.6. Global Volt/VAR management Market Attractiveness Analysis, By Component

8. Global Volt/VAR management Market Analysis and Forecast, By Application
8.1. Introduction and Definition
8.2. Key Findings
8.3. Global Volt/VAR management Market Value Share Analysis, By Application
8.4. Global Volt/VAR management Market Size (US$ Mn) Forecast, By Application
8.5. Global Volt/VAR management Market Analysis, By Application
8.6. Global Volt/VAR management Market Attractiveness Analysis, By Application

9. Global Volt/VAR management Market Analysis and Forecast, By End-User
9.1. Introduction and Definition
9.2. Key Findings
9.3. Global Volt/VAR management Market Value Share Analysis, By End-User
9.4. Global Volt/VAR management Market Size (US$ Mn) Forecast, By End-User
9.5. Global Volt/VAR management Market Analysis, By End-User
9.6. Global Volt/VAR management Market Attractiveness Analysis, By End-User

10. Global Volt/VAR management Market Analysis, by Region
10.1. Global Volt/VAR management Market Value Share Analysis, by Region
10.2. Global Volt/VAR management Market Size (US$ Mn) Forecast, by Region
10.3. Global Volt/VAR management Market Attractiveness Analysis, by Region

11. North America Volt/VAR management Market Analysis
11.1. Key Findings
11.2. North America Volt/VAR management Market Overview
11.3. North America Volt/VAR management Market Value Share Analysis, By Component
11.4. North America Volt/VAR management Market Forecast, By Component
11.4.1. Hardware
11.4.2. Software
11.4.3. Services
11.5. North America Volt/VAR management Market Value Share Analysis, By Application
11.6. North America Volt/VAR management Market Forecast, By Application
11.6.1. Distribution
11.6.2. Transmission
11.6.3. Generation
11.7. North America Volt/VAR management Market Value Share Analysis, By End-User
11.8. North America Volt/VAR management Market Forecast, By End-User
11.8.1. Electric Utility
11.8.2. Industrial
11.9. North America Volt/VAR management Market Value Share Analysis, by Country
11.10. North America Volt/VAR management Market Forecast, by Country
11.10.1. U.S.
11.10.2. Canada
11.11. North America Volt/VAR management Market Analysis, by Country
11.12. U.S. Volt/VAR management Market Forecast, By Component
11.12.1. Hardware
11.12.2. Software
11.12.3. Services
11.13. U.S. Volt/VAR management Market Forecast, By Application
11.13.1. Distribution
11.13.2. Transmission
11.13.3. Generation
11.14. U.S. Volt/VAR management Market Forecast, By End-User
11.14.1. Electric Utility
11.14.2. Industrial
11.15. Canada Volt/VAR management Market Forecast, By Component
11.15.1. Hardware
11.15.2. Software
11.15.3. Services
11.16. Canada Volt/VAR management Market Forecast, By Application
11.16.1. Distribution
11.16.2. Transmission
11.16.3. Generation
11.17. Canada Volt/VAR management Market Forecast, By End-User
11.17.1. Electric Utility
11.17.2. Industrial
11.18. North America Volt/VAR management Market Attractiveness Analysis
11.18.1. By Component
11.18.2. By Application
11.18.3. By End-User
11.19. PEST Analysis
11.20. Key Trends
11.21. Key Development

12. Europe Volt/VAR management Market Analysis
12.1. Key Findings
12.2. Europe Volt/VAR management Market Overview
12.3. Europe Volt/VAR management Market Value Share Analysis, By Component
12.4. Europe Volt/VAR management Market Forecast, By Component
12.4.1. Hardware
12.4.2. Software
12.4.3. Services
12.5. Europe Volt/VAR management Market Value Share Analysis, By Application
12.6. Europe Volt/VAR management Market Forecast, By Application
12.6.1. Distribution
12.6.2. Transmission
12.6.3. Generation
12.7. Europe Volt/VAR management Market Value Share Analysis, By End-User
12.8. Europe Volt/VAR management Market Forecast, By End-User
12.8.1. Electric Utility
12.8.2. Industrial
12.9. Europe Volt/VAR management Market Value Share Analysis, by Country
12.10. Europe Volt/VAR management Market Forecast, by Country
12.10.1. Germany
12.10.2. U.K.
12.10.3. France
12.10.4. Italy
12.10.5. Spain
12.10.6. Rest of Europe
12.11. Europe Volt/VAR management Market Analysis, by Country
12.12. Germany Volt/VAR management Market Forecast, By Component
12.12.1. Hardware
12.12.2. Software
12.12.3. Services
12.13. Germany Volt/VAR management Market Forecast, By Application
12.13.1. Distribution
12.13.2. Transmission
12.13.3. Generation
12.14. Germany Volt/VAR management Market Forecast, By End-User
12.14.1. Electric Utility
12.14.2. Industrial
12.15. U.K. Volt/VAR management Market Forecast, By Component
12.15.1. Hardware
12.15.2. Software
12.15.3. Services
12.16. U.K. Volt/VAR management Market Forecast, By Application
12.16.1. Distribution
12.16.2. Transmission
12.16.3. Generation
12.17. U.K. Volt/VAR management Market Forecast, By End-User
12.17.1. Electric Utility
12.17.2. Industrial
12.18. France Volt/VAR management Market Forecast, By Component
12.18.1. Hardware
12.18.2. Software
12.18.3. Services
12.19. France Volt/VAR management Market Forecast, By Application
12.19.1. Distribution
12.19.2. Transmission
12.19.3. Generation
12.20. France Volt/VAR management Market Forecast, By End-User
12.20.1. Electric Utility
12.20.2. Industrial
12.21. Italy Volt/VAR management Market Forecast, By Component
12.21.1. Hardware
12.21.2. Software
12.21.3. Services
12.22. Italy Volt/VAR management Market Forecast, By Application
12.22.1. Distribution
12.22.2. Transmission
12.22.3. Generation
12.23. Italy Volt/VAR management Market Forecast, By End-User
12.23.1. Electric Utility
12.23.2. Industrial
12.24. Spain Volt/VAR management Market Forecast, By Component
12.24.1. Hardware
12.24.2. Software
12.24.3. Services
12.25. Spain Volt/VAR management Market Forecast, By Application
12.25.1. Distribution
12.25.2. Transmission
12.25.3. Generation
12.26. Spain Volt/VAR management Market Forecast, By End-User
12.26.1. Electric Utility
12.26.2. Industrial
12.27. Rest of Europe Volt/VAR management Market Forecast, By Component
12.27.1. Hardware
12.27.2. Software
12.27.3. Services
12.28. Rest of Europe Volt/VAR management Market Forecast, By Application
12.28.1. Distribution
12.28.2. Transmission
12.28.3. Generation
12.29. Rest of Europe Volt/VAR management Market Forecast, By End-User
12.29.1. Electric Utility
12.29.2. Industrial
12.30. Europe Volt/VAR management Market Attractiveness Analysis
12.30.1. By Component
12.30.2. By Application
12.30.3. By End-User
12.31. PEST Analysis
12.32. Key Trends
12.33. Key Development

13. Asia Pacific Volt/VAR management Market Analysis
13.1. Key Findings
13.2. Asia Pacific Volt/VAR management Market Overview
13.3. Asia Pacific Volt/VAR management Market Value Share Analysis, By Component
13.4. Asia Pacific Volt/VAR management Market Forecast, By Component
13.4.1. Hardware
13.4.2. Software
13.4.3. Services
13.5. Asia Pacific Volt/VAR management Market Value Share Analysis, By Application
13.6. Asia Pacific Volt/VAR management Market Forecast, By Application
13.6.1. Distribution
13.6.2. Transmission
13.6.3. Generation
13.7. Asia Pacific Volt/VAR management Market Value Share Analysis, By End-User
13.8. Asia Pacific Volt/VAR management Market Forecast, By End-User
13.8.1. Electric Utility
13.8.2. Industrial
13.9. Asia Pacific Volt/VAR management Market Value Share Analysis, by Country
13.10. Asia Pacific Volt/VAR management Market Forecast, by Country
13.10.1. China
13.10.2. India
13.10.3. Japan
13.10.4. ASEAN
13.10.5. Rest of Asia Pacific
13.11. Asia Pacific Volt/VAR management Market Analysis, by Country
13.12. China Volt/VAR management Market Forecast, By Component
13.12.1. Hardware
13.12.2. Software
13.12.3. Services
13.13. China Volt/VAR management Market Forecast, By Application
13.13.1. Distribution
13.13.2. Transmission
13.13.3. Generation
13.14. China Volt/VAR management Market Forecast, By End-User
13.14.1. Electric Utility
13.14.2. Industrial
13.15. India Volt/VAR management Market Forecast, By Component
13.15.1. Hardware
13.15.2. Software
13.15.3. Services
13.16. India Volt/VAR management Market Forecast, By Application
13.16.1. Distribution
13.16.2. Transmission
13.16.3. Generation
13.17. India Volt/VAR management Market Forecast, By End-User
13.17.1. Electric Utility
13.17.2. Industrial
13.18. Japan Volt/VAR management Market Forecast, By Component
13.18.1. Hardware
13.18.2. Software
13.18.3. Services
13.19. Japan Volt/VAR management Market Forecast, By Application
13.19.1. Distribution
13.19.2. Transmission
13.19.3. Generation
13.20. Japan Volt/VAR management Market Forecast, By End-User
13.20.1. Electric Utility
13.20.2. Industrial
13.21. ASEAN Volt/VAR management Market Forecast, By Component
13.21.1. Hardware
13.21.2. Software
13.21.3. Services
13.22. ASEAN Volt/VAR management Market Forecast, By Application
13.22.1. Distribution
13.22.2. Transmission
13.22.3. Generation
13.23. ASEAN Volt/VAR management Market Forecast, By End-User
13.23.1. Electric Utility
13.23.2. Industrial
13.24. Rest of Asia Pacific Volt/VAR management Market Forecast, By Component
13.24.1. Hardware
13.24.2. Software
13.24.3. Services
13.25. Rest of Asia Pacific Volt/VAR management Market Forecast, By Application
13.25.1. Distribution
13.25.2. Transmission
13.25.3. Generation
13.26. Rest of Asia Pacific Volt/VAR management Market Forecast, By End-User
13.26.1. Electric Utility
13.26.2. Industrial
13.27. Asia Pacific Volt/VAR management Market Attractiveness Analysis
13.27.1. By Component
13.27.2. By Application
13.27.3. By End-User
13.28. PEST Analysis
13.29. Key Trends
13.30. Key Development

14. Middle East & Africa Volt/VAR management Market Analysis
14.1. Key Findings
14.2. Middle East & Africa Volt/VAR management Market Overview
14.3. Middle East & Africa Volt/VAR management Market Value Share Analysis, By Component
14.4. Middle East & Africa Volt/VAR management Market Forecast, By Component
14.4.1. Hardware
14.4.2. Software
14.4.3. Services
14.5. Middle East & Africa Volt/VAR management Market Value Share Analysis, By Application
14.6. Middle East & Africa Volt/VAR management Market Forecast, By Application
14.6.1. Distribution
14.6.2. Transmission
14.6.3. Generation
14.7. Middle East & Africa Volt/VAR management Market Value Share Analysis, By End-User
14.8. Middle East & Africa Volt/VAR management Market Forecast, By End-User
14.8.1. Electric Utility
14.8.2. Industrial
14.9. Middle East & Africa Volt/VAR management Market Value Share Analysis, by Country
14.10. Middle East & Africa Volt/VAR management Market Forecast, by Country
14.10.1. GCC
14.10.2. South Africa
14.10.3. Rest of Middle East & Africa
14.11. Middle East & Africa Volt/VAR management Market Analysis, by Country
14.12. GCC Volt/VAR management Market Forecast, By Component
14.12.1. Hardware
14.12.2. Software
14.12.3. Services
14.13. GCC Volt/VAR management Market Forecast, By Application
14.13.1. Distribution
14.13.2. Transmission
14.13.3. Generation
14.14. GCC Volt/VAR management Market Forecast, By End-User
14.14.1. Electric Utility
14.14.2. Industrial
14.15. South Africa Volt/VAR management Market Forecast, By Component
14.15.1. Hardware
14.15.2. Software
14.15.3. Services
14.16. South Africa Volt/VAR management Market Forecast, By Application
14.16.1. Distribution
14.16.2. Transmission
14.16.3. Generation
14.17. South Africa Volt/VAR management Market Forecast, By End-User
14.17.1. Electric Utility
14.17.2. Industrial
14.18. Rest of Middle East & Africa Volt/VAR management Market Forecast, By Component
14.18.1. Hardware
14.18.2. Software
14.18.3. Services
14.19. Rest of Middle East & Africa Volt/VAR management Market Forecast, By Application
14.19.1. Distribution
14.19.2. Transmission
14.19.3. Generation
14.20. Rest of Middle East & Africa Volt/VAR management Market Forecast, By End-User
14.20.1. Electric Utility
14.20.2. Industrial
14.21. Middle East & Africa Volt/VAR management Market Attractiveness Analysis
14.21.1. By Component
14.21.2. By Application
14.21.3. By End-User
14.22. PEST Analysis
14.23. Key Trends
14.24. Key Development

15. South America Volt/VAR management Market Analysis
15.1. Key Findings
15.2. South America Volt/VAR management Market Overview
15.3. South America Volt/VAR management Market Value Share Analysis, By Component
15.4. South America Volt/VAR management Market Forecast, By Component
15.4.1. Hardware
15.4.2. Software
15.4.3. Services
15.5. South America Volt/VAR management Market Value Share Analysis, By Application
15.5.1. Distribution
15.5.2. Transmission
15.5.3. Generation
15.6. South America Volt/VAR management Market Value Share Analysis, By End-User
15.7. South America Volt/VAR management Market Forecast, By End-User
15.7.1. Electric Utility
15.7.2. Industrial
15.8. South America Volt/VAR management Market Value Share Analysis, by Country
15.9. South America Volt/VAR management Market Forecast, by Country
15.9.1. Brazil
15.9.2. Mexico
15.9.3. Rest of South America
15.10. South America Volt/VAR management Market Analysis, by Country
15.11. Brazil Volt/VAR management Market Forecast, By Component
15.11.1. Hardware
15.11.2. Software
15.11.3. Services
15.12. Brazil Volt/VAR management Market Forecast, By Application
15.12.1. Distribution
15.12.2. Transmission
15.12.3. Generation
15.13. Brazil Volt/VAR management Market Forecast, By End-User
15.13.1. Electric Utility
15.13.2. Industrial
15.14. Mexico Volt/VAR management Market Forecast, By Component
15.14.1. Hardware
15.14.2. Software
15.14.3. Services
15.15. Mexico Volt/VAR management Market Forecast, By Application
15.15.1. Distribution
15.15.2. Transmission
15.15.3. Generation
15.16. Mexico Volt/VAR management Market Forecast, By End-User
15.16.1. Electric Utility
15.16.2. Industrial
15.17. Rest of South America Volt/VAR management Market Forecast, By Component
15.17.1. Hardware
15.17.2. Software
15.17.3. Services
15.18. Rest of South America Volt/VAR management Market Forecast, By Application
15.18.1. Distribution
15.18.2. Transmission
15.18.3. Generation
15.19. Rest of South America Volt/VAR management Market Forecast, By End-User
15.19.1. Electric Utility
15.19.2. Industrial
15.20. South America Volt/VAR management Market Attractiveness Analysis
15.20.1. By Component
15.20.2. By Application
15.20.3. By End-User
15.21. PEST Analysis
15.22. Key Trends
15.23. Key Development

16. Company Profiles
16.1. Market Share Analysis, by Company
16.2. Competition Matrix
16.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
16.2.2. New Product Launches and Product Enhancements
16.2.3. Market Consolidation
16.2.3.1. M&A by Regions, Investment and Applications
16.2.3.2. M&A Key Players, Forward Integration and Backward
Integration
16.3. Company Profiles: Key Players
16.3.1. ABB
16.3.1.1. Company Overview
16.3.1.2. Financial Overview
16.3.1.3. Product Portfolio
16.3.1.4. Business Strategy
16.3.1.5. Recent Developments
16.3.1.6. Company Footprint
16.3.2. Eaton
16.3.3. GE
16.3.4. Schneider
16.3.5. Siemens
16.3.6. Landis+Gyr
16.3.7. DVI
16.3.8. Open Systems International
16.3.9. Utilidata
16.3.10. Varentec
16.3.11. Silver spring networks
16.3.12. Beckwith electric co., Inc.
16.3.13. Gridco systems
16.3.14. S&c electric company

17. Primary Key Insights
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