Market Definition

The demand for volt/VAr management is being driven by the need for efficient operations to minimise distribution losses and maximise power factor, distributed energy generation complexity, and increasing electricity demand around the world. Because of the growing number of smart grid projects and the electricity demand from the residential sector, the distribution segment is the largest contributor to the volt/VAr management industry. During the forecast period, the hardware segment is expected to hold the largest share of the market. During the forecast period, demand for hardware components is expected to be boosted by upcoming power generation projects in the non-renewable and renewable power segments, as well as transmission and distribution projects in economies such as the United States, the United Kingdom, France, Ireland, Norway, India, and China. The electric utility is expected to be the fastest growing market during the forecast period. During the forecast period, the electric utility segment is expected to be driven by increased investments in distributed power generation for renewable sources such as solar and wind, as well as the introduction of volt/VAr control projects for voltage and power optimization. During the forecast period, North America is predicted to account for the largest market share. Increased investments in volt/VAr management will benefit from lower power losses. In addition, this will increase demand for volt/VAr management in North America. During the forecast era, the United States and Canada are expected to expand rapidly. 

Report Scope

The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. 

Major Market Players

Key market players include ABB, Eaton, GE, Schneider, Siemens, Landis+Gyr, Advanced Control Systems, DVI, Open Systems International, Utilidata, Varentec, Beckwith Electric, DC Systems, S&C Electric Company.

The Volt or VAr Management Market report has been categorized as below

By Component 

  • Hardware
  • Load trap (LTC) transformers
  • Voltage regulators
  • Capacitors banks 
  • Software & Services

By Application

  • Generation
  • Transmission
  • Distribution

By End-User

  • Electric Utility
  • Industrial 

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia Pacific
  • Rest of the World
  • South America
  • Middle East and Africa

The years considered for the study are as follows:

  • Base year - 2020
  • Estimated year - 2021
  • Projected year - 2022
  • Forecast period - 2021 to 2027

Key Questions Addressed by the Report

  • New products/service competitor are exploring?
  • Key players in the Volt or VAr Management Market and how intense is the competition?
  • What are the upcoming industry trends that manufacturers are focusing on in the future updates?
  • For each segment, what are the significant opportunities in the market?
  • What are the key growth strategies adopted by major market players in the market?
  • What are the key success strategies adopted by major competitors in the market?

Why Buy this Report:

  • Gain comprehensive insights on the Volt or VAr Management industry & market trends
  • Note complete analysis of the market status
  • Recognize the market opportunities and growth segments
  • Evaluating business segments & product portfolios, and interpret competitive dynamics
  • Facilitate strategy planning and industry dynamics to strengthen decision making

Report Table Of Content

1.1. Volt or VAr Management Market Introduction

1.1. Key Insights

1.2. Report Overview

1.3. Markets Covered

1.4. Stakeholders

2. Research Methodology

2.1. Research Scope

2.2. Market Research Process

2.3. Research Data Analysis

2.4. Market Size Estimation

3. Executive Summary

4. Market Overview

4.1. Introduction 

4.2. Market Drivers and Restraints

5. By Component 

5.1. Hardware

5.1.1. Load trap (LTC) transformers

5.1.2. Voltage regulators

5.1.3. Capacitors banks 

5.2. Software & Services

6. By Application

6.1. Generation

6.2. Transmission

6.3. Distribution

7. By End-User

7.1. Electric Utility

7.2. Industrial 

8. By Region

8.1. Key Points

8.2. North America

8.2.1. US

8.2.2. Canada

8.2.3. Mexico

8.3. Europe

8.3.1. Germany

8.3.2. France

8.3.3. Italy

8.3.4. UK

8.3.5. Rest of World

8.4. Asia Pacific

8.4.1. Japan

8.4.2. China

8.4.3. India

8.4.4. Australia

8.4.5. Rest of Asia Pacific

8.5. Rest of the World

8.5.1. South America

8.5.2. Middle East and Africa

9. Company Profile

(Profile contain company overview, products/services, financials & recent developments)

9.1. ABB

9.1.1. Company Overview

9.1.2. Financial Highlights

9.1.3. Product/Services

9.1.4. Recent Developments

9.2. Eaton

9.2.1. Company Overview

9.2.2. Financial Highlights

9.2.3. Product/Services

9.2.4. Recent Developments

9.3. GE

9.3.1. Company Overview

9.3.2. Financial Highlights

9.3.3. Product/Services

9.3.4. Recent Developments

9.4. Schneider

9.4.1. Company Overview

9.4.2. Financial Highlights

9.4.3. Product/Services

9.4.4. Recent Developments

9.5. Siemens

9.5.1. Company Overview

9.5.2. Financial Highlights

9.5.3. Product/Services

9.5.4. Recent Developments

9.6. Landis+Gyr

9.6.1. Company Overview

9.6.2. Financial Highlights

9.6.3. Product/Services

9.6.4. Recent Developments

9.7. Advanced Control Systems

9.7.1. Company Overview

9.7.2. Financial Highlights

9.7.3. Product/Services

9.7.4. Recent Developments

9.8. DVI

9.8.1. Company Overview

9.8.2. Financial Highlights

9.8.3. Product/Services

9.8.4. Recent Developments

9.9. Open Systems International

9.9.1. Company Overview

9.9.2. Financial Highlights

9.9.3. Product/Services

9.9.4. Recent Developments

9.10. Utility

9.10.1. Company Overview

9.10.2. Financial Highlights

9.10.3. Product/Services

9.10.4. Recent Developments

9.11. Varentec

9.11.1. Company Overview

9.11.2. Financial Highlights

9.11.3. Product/Services

9.11.4. Recent Developments

9.12. Beckwith Electric

9.12.1. Company Overview

9.12.2. Financial Highlights

9.12.3. Product/Services

9.12.4. Recent Developments

9.13. DC Systems

9.13.1. Company Overview

9.13.2. Financial Highlights

9.13.3. Product/Services

9.13.4. Recent Developments

9.14. S&C Electric Company

9.14.1. Company Overview

9.14.2. Financial Highlights

9.14.3. Product/Services

9.14.4. Recent Developments

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