Volt/VAr Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 24, 2018--The “Volt/VAr Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.
The report predicts the global volt/var management market to grow with a CAGR of 5.7% over the forecast period of 2018-2024.Reduction in transmission and distribution losses is the major factor driving the growth of the volt management market. The transmission and distribution losses in the electricity sector occurs when the amount of electricity generated is greater than the amount of electricity delivered to end-users.In addition, lower operational costs, reduction in the environmental impact of energy delivery and increased renewable power generation is projected to boost the growth of the volt management market. The integration of renewable generation is done to reduce carbon emissions and emissions of other air pollutants through increased use of renewable energy and other clean distributed generation.However, high initial costs are likely to restrain the growth of the volt management system during the forecast period. Furthermore, using intelligent electronic devices and advanced algorithms can now control the voltage levels in real time to optimize the power flows as well as reduce energy consumption. This in turn is anticipated to create several growth opportunities for the volt management market over the upcoming years.
North America dominated the volt management market owing to the increasing investments in smart grids and advanced distribution management systems, followed by Europe. Moreover, the U.S. and Canada are projected to grow at a rapid pace over the upcoming years.
Companies ProfiledSchneider ElectricGEABBSiemens AGEaton CorporationDVIBeckwith Electric Co. Inc.Advanced Control SystemsS&C Electric CompanyVolt/VAr Management
Key Topics Covered
2. Executive Summary
3. Global Volt/VAr Management Market Overview
4. Volt/VAr Management Market Macro Indicator Analysis
5. Global Volt/VAr Management Market by Component
6. Global Volt/VAr Management Market by Application
7. Global Volt/VAr Management Market by End-User
8. Global Volt/VAr Management Market by Region 2018-2024
9. Company Profiles and Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/plr9f5/voltvar?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180924005665/en/
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SOURCE: Research and Markets
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PUB: 09/24/2018 11:03 AM/DISC: 09/24/2018 11:03 AM