Volt/VAr Management Market by Application (Distribution, Transmission, and Generation), Component (Hardware component and Software and Services), End-User (Electric Utility and Industrial), and Region - Global Forecast to 2022

  • ID: 4463944
  • Report
  • Region: Global
  • 140 Pages
  • Markets and Markets
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The Volt/VAr Management Market is Projected to Grow at a CAGR of 5.73%, from 2017 to 2022

FEATURED COMPANIES

  • ABB
  • Beckwith Electric
  • Dc Systems
  • Eaton
  • Landis+Gyr
  • Schneider Electric
  • MORE

“The volt/VAr management market is projected to grow at a CAGR of 5.73%, from 2017 to 2022.”

The volt/VAr management market is projected to grow from an estimated USD 398.9 million in 2017 to USD 527.1 million by 2022, at a CAGR of 5.73%, from 2017 to 2022. The need to reduce distribution losses and operational costs and optimize power factor, the increasing complexity of distributed energy generation, and rising demand for electricity are driving the market across the world. High initial costs for the deployment of volt/VAr management is a restraint for the market.

“The distribution segment is expected to be the fastest growing volt/VAr management market, by application, during the forecast period.”

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 and faults in distribution feeders are the major drivers of the distribution segment of the volt/VAr management market. North America is expected to be the largest and the fastest-growing distribution volt/VAr management market.

“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 would 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.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 35%, Tier 2- 28%, Tier 3- 37%
  • By Designation: C-Level- 20%, D-Level- 25%, Others- 55%
  • By Region: North America- 42%, Europe- 22%, Asia Pacific- 18%, Middle East & Africa- 15%, South America- 3%

Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 = >USD 1 billion, Tier 2 = USD 1 billion to USD 500 million, and Tier 3 = <USD 500 million
Note: Others includes product engineers, sales managers, regional managers, consultants, and technical experts

The leading players in the volt/VAr management market are ABB (Switzerland), Schneider Electric (France), Siemens AG (Germany), GE (US), and Eaton (Ireland).

Research Coverage:

For the purpose of this report, the market has been segmented on the basis of application, component, end-user, and region with a focus on industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the volt/VAr management market, high-growth regions, and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the volt/VAr management market
  • Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the markets for volt/VAr management across regions
  • Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global volt/VAr management market

Why buy this report?

1. The report identifies and addresses key markets for the implementation of volt/VAr management in the power industry, which would help volt/VAr management providers review the growth in demand.

2. The report helps solutions providers understand the pulse of the market and offers insights into drivers, restraints, and challenges.

3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Beckwith Electric
  • Dc Systems
  • Eaton
  • Landis+Gyr
  • Schneider Electric
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary
3.1 Introduction

4 Premium Insights
4.1 Attractive Opportunities in the Volt/VAr Management Market During the Forecast Period
4.2 Volt/VAr Management Market, By Country
4.3 Volt/VAr Management Market, By End-User
4.4 Volt/VAr Management Market, By Component
4.5 Volt/VAr Management Market, By Application

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Reduction in Transmission & Distribution Losses
5.2.1.2 Optimizing Power Factor
5.2.1.3 Lower Operational Costs
5.2.1.4 Complexity of Distributed Energy Generation
5.2.1.5 Rising Demand for Electricity
5.2.2 Restraints
5.2.2.1 High Initial Costs
5.2.3 Opportunities
5.2.3.1 Modernization of Aging Grid Infrastructure
5.2.4 Challenges
5.2.4.1 Deployment of Volt/VAr Management

6 Volt/VAr Management Market, By Application
6.1 Introduction
6.2 Distribution
6.3 Transmission
6.4 Generation

7 Volt/VAr Management Market, By Component
7.1 Introduction
7.2 Hardware
7.2.1 Load Tap Changer (LTC) Transformers
7.2.2 Voltage Regulators
7.2.3 Capacitor Banks
7.3 Software and Services

8 Volt/VAr Management Market, By End-User
8.1 Introduction
8.2 Electric Utility
8.3 Industrial

9 Volt/VAr Management Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Russia
9.3.5 Italy
9.3.6 Spain
9.3.7 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Australia
9.4.5 South Korea
9.4.6 Indonesia
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest of South America
9.6 Middle East and Africa
9.6.1 South Africa
9.6.2 Nigeria
9.6.3 Saudi Arabia
9.6.4 Qatar
9.6.5 UAE
9.6.6 Kuwait
9.6.7 Algeria
9.6.8 Rest of Middle East and Africa

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis, 2016
10.3 Competitive Scenario
10.3.1 New Product Developments
10.3.2 Contracts & Agreements
10.3.3 Others (Partnerships/Collaborations/ Joint Ventures/Awards & Recognitions)

11 Company Profile
(Company at A Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MnM View)*
11.1 Benchmarking
11.2 ABB
11.3 Eaton
11.4 GE
11.5 Schneider Electric
11.6 Siemens
11.7 Advanced Control Systems
11.8 DVI
11.9 Landis+Gyr
11.10 Open Systems International
11.11 Utilidata
11.12 VArentec
11.13 Beckwith Electric
11.14 Dc Systems
11.15 S&C Electric Company
*Details on Company at A Glance, Recent Financials, Products Offered, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.4 Introducing RT: Real Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables (61 Tables)
Table 1 Volt/VAr Management Market Snapshot
Table 2 Market Size, By Application, 2015–2022 (USD Million)
Table 3 Distribution: Volt/VAr Management Market Size, By Region, 2015–2022 (USD Million)
Table 4 Transmission: Market Size, By Region, 2015–2022 (USD Million)
Table 5 Generation: Market Size, By Region, 2015–2022 (USD Million)
Table 6 Volt/VAr Management Market Size, By Component, 2015–2022 (USD Million)
Table 7 Hardware: Market Size, By Region, 2015–2022 (USD Million)
Table 8 Software and Services: Volt/VAr Management Market Size, By Region, 2015–2022 (USD Million)
Table 9 Market Size, By End-User, 2015–2022 (USD Million)
Table 10 Electric Utility: Market Size, By Region, 2015–2022 (USD Million)
Table 11 Industrial: Market Size, By Region, 2015–2022 (USD Million)
Table 12 Volt/VAr Management Market, By Region, 2015–2022 (USD Million)
Table 13 Top Five Countries: Volt/VAr Management Market Size, By Distribution, 2015–2022 (USD Million)
Table 14 North America: Volt/VAr Management Market Size, By Application, 2015–2022 (USD Million)
Table 15 North America: Market Size, By Component, 2015–2022 (USD Million)
Table 16 North America: Market Size, By End-User, 2015–2022 (USD Million)
Table 17 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 18 US: Volt/VAr Management Market Size, By Application, 2015–2022 (USD Million)
Table 19 Canada: Market Size, By Application, 2015–2022 (USD Million)
Table 20 Mexico: Market Size, By Application, 2015–2022 (USD Thousand)
Table 21 Europe: Volt/VAr Management Market Size, By Application, 2015–2022 (USD Million)
Table 22 Europe: Market Size, By Component, 2015–2022 (USD Million)
Table 23 Europe: Market Size, By End-User, 2015–2022 (USD Million)
Table 24 Europe: Market Size, By Country, 2015–2022 (USD Million)
Table 25 UK: Volt/VAr Management Market Size, By Application, 2015–2022 (USD Thousand)
Table 26 Germany: Market Size, By Application, 2015–2022 (USD Million)
Table 27 France: Market Size, By Application, 2015–2022 (USD Thousand)
Table 28 Russia: Market Size, By Application, 2015–2022 (USD Thousand)
Table 29 Italy: Market Size, By Application, 2015–2022 (USD Thousand)
Table 30 Spain: Market Size, By Application, 2015–2022 (USD Million)
Table 31 Rest of Europe: Volt/VAr Management Market Size, By Application, 2015–2022 (USD Million)
Table 32 Asia Pacific: Volt/VAr Management Market Size, By Application, 2015–2022 (USD Million)
Table 33 Asia Pacific: Market Size, By Component, 2015–2022 (USD Million)
Table 34 Asia Pacific: Market Size, By End-User, 2015–2022 (USD Million)
Table 35 Asia Pacific: Market Size, By Country, 2015–2022 (USD Million)
Table 36 China: Market Size, By Application, 2015–2022 (USD Thousand)
Table 37 Japan: Market Size, By Application, 2015–2022 (USD Thousand)
Table 38 India: Market Size, By Application, 2015–2022 (USD Thousand)
Table 39 Australia: Market Size, By Application, 2015–2022 (USD Thousand)
Table 40 South Korea: Market Size, By Application, 2015–2022 (USD Thousand)
Table 41 Indonesia: Market Size, By Application, 2015–2022 (USD Thousand)
Table 42 Rest of Asia Pacific: Market Size, By Application, 2015–2022 (USD Thousand)
Table 43 South America: Volt/VAr Management Market Size, By Application, 2015–2022 (USD Million)
Table 44 South America: Market Size, By Component, 2015–2022 (USD Million)
Table 45 South America: Market Size, By End-User, 2015–2022 (USD Million)
Table 46 South America: Market Size, By Country, 2015–2022 (USD Million)
Table 47 Brazil: Volt/VAr Management Market Size, By Application, 2015–2022 (USD Thousand)
Table 48 Argentina: Market Size, By Application, 2015–2022 (USD Thousand)
Table 49 Rest of South America: Market Size, By Application, 2015–2022 (USD Thousand)
Table 50 Middle East & Africa: Volt/VAr Management Market Size, By Application, 2015–2022 (USD Million)
Table 51 Middle East & Africa: Market Size, By Component, 2015–2022 (USD Million)
Table 52 Middle East & Africa: Market Size, By End-User, 2015–2022 (USD Million)
Table 53 Middle East & Africa: Market Size, By Country, 2015–2022 (USD Million)
Table 54 South Africa: Market Size, By Application, 2015–2022 (USD Thousand)
Table 55 Nigeria: Market Size, By Application, 2015–2022 (USD Thousand)
Table 56 Saudi Arabia: Market Size, By Application, 2015–2022 (USD Thousand)
Table 57 Qatar: Market Size, By Application, 2015–2022 (USD Thousand)
Table 58 UAE: Market Size, By Application, 2015–2022 (USD Thousand)
Table 59 Kuwait: Market Size, By Application, 2015–2022 (USD Thousand)
Table 60 Algeria: Market Size, By Application, 2015–2022 (USD Thousand)
Table 61 Rest of Middle East and Africa: Market Size, By Application, 2015–2022 (USD Thousand)

List of Figures (29 Figures)
Figure 1 Research Design
Figure 2 Breakdown of Primaries: By Company Type, Designation, & Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumption of the Research Study
Figure 7 The Electric Utility Market is Excepted to Grow at the Highest CAGR During the Forecast Period
Figure 8 The Distribution Segment Dominated the Volt/VAr Management Market in 2016
Figure 9 The Hardware Market is Excepted to Grow at the Highest CAGR During the Forecast Period
Figure 10 North America Held the Largest Share of the Volt/VAr Management Market in 2016
Figure 11 Opportunities in the Application Segment of the Volt/VAr Management Market, 2017–2022
Figure 12 The US Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Electric Utility Segment is Expected to Lead the Volt/VAr Management Market, 2017–2022
Figure 14 The Hardware Market is Excepted to Grow at the Highest CAGR During the Forecast Period
Figure 15 The Distribution Market is Excepted to Grow at the Highest CAGR During the Forecast Period
Figure 16 Volt/VAr Management Market: Drivers, Restraints, Opportunities & Challenges
Figure 17 Distribution Segment is Expected to Be Largest Market for Volt/VAr Management, 2017–2022
Figure 18 Hardware Segment is Expected to Be the Largest Market for Volt/VAr Management, 2017–2022
Figure 19 Geographic Snapshot: Volt/VAr Management Market, 2017–2022
Figure 20 North America: Market Snapshot
Figure 21 Europe: Market Snapshot
Figure 22 Key Developments in the Volt/VAr Management Market, 2014–2017
Figure 23 Market Ranking, 2016
Figure 24 ABB: Company Snapshot
Figure 25 Eaton: Company Snapshot
Figure 26 GE: Company Snapshot
Figure 27 Schneider Electric: Company Snapshot
Figure 28 Siemens: Company Snapshot
Figure 29 Landis+Gyr: Company Snapshot

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FEATURED COMPANIES

  • ABB
  • Beckwith Electric
  • Dc Systems
  • Eaton
  • Landis+Gyr
  • Schneider Electric
  • MORE

The global volt/VAr management market is estimated to be USD 398.9 Million in 2017 and is projected to reach USD 527.1 Million by 2022, growing at a CAGR of 5.73%, from 2017 to 2022. The need for efficient operations to reduce distribution losses and optimize power factor, distributed energy generation complexity, and rising demand for electricity are driving the market for volt/VAr management across the globe.

The volt/VAr management market has been segmented based on application into generation, transmission, and distribution. The distribution segment is expected to be the largest due to the increasing number of smart grid projects and rising electricity demand from the residential sector.

The volt/VAr management market has been segmented based on component into hardware and software and services. The hardware segment is estimated to hold the largest share of the market during the forecast period. Upcoming power generation projects in the non-renewable and renewable power segments and transmission and distribution projects in economies such the US, the UK, France, Ireland, Norway, India, and China are expected to boost the demand for hardware components during the forecast period.

The volt/VAr management market has been segmented, by end-user, into electric utility and industrial. The electric utility segment is estimated to hold the largest market share by 2022. Increased investments in distributed power generation renewable energy sources such as solar and wind and implementation of volt/VAr management projects for voltage and power optimization are expected to drive the electric utility segment during the forecast period.

The volt/VAr management market has been analyzed with respect to 5 regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America is expected to dominate the volt/VAr management market during the forecast period. Increasing investments in smart grids, advanced distribution management systems, and the transmission and distribution market is driving the volt/VAr management market in North America. The figure below shows the market sizes and CAGRs for the year 2022 in various regions.

The major factor restraining the growth of the market is the high initial cost for deploying volt/VAr management. Some of the leading players in the volt/VAr management market include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), GE (US), Eaton (Ireland), Open System International (US), Utilidata (US), Varentec (US), and Landis+Gyr (Switzerland).

Note: Product cover images may vary from those shown
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  • ABB
  • Advanced Control Systems
  • Beckwith Electric
  • Benchmarking
  • DVI
  • Dc Systems
  • Eaton
  • GE
  • Landis+Gyr
  • Open Systems International
  • S&C Electric Company
  • Schneider Electric
  • Siemens
  • Utilidata
  • VArentec
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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