Infinium Global Research has added
a new report on Volt/Var
Management Market. The report presents analysis of global as well as
regional markets of Volt/VAr management market over the period of 2016 to 2024.
Volt/VAr
technologies are mostly used by the power industry to reduce electric lines
losses and increase grid efficiency. The distribution grid is inefficient. This
inefficiency leads to wasted electricity, unnecessary generation, wasted money,
and harmful CO2 in the atmosphere. The main function of the Volt/VAr management
is to enhance the voltage control, integration of grid storage and integration
of distributed energy resources and renewables. The important benefit of Volt
is that they are able to optimize power factor such that the utility has to
generate less power to satisfy the demand of its customers. This further
reduces environmental impact and CO2 footprint.
Reduction in transmission and distribution losses are the major
factor driving the growth of the Volt/VAr 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 environmental
impact of energy delivery and increased renewable power generation is projected
to boost the growth of the Volt/VAr 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/VAr 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/VAr management market over the upcoming
years.
Among the geographies, North America dominated the Volt/VAr management
market owing to the Increasing investments in smart grids, and advanced
distribution management systems followed by Europe. Moreover, US and Canada are
projected to grow over the rapid pace over the upcoming years. Moreover,
the growth matrix presented by Infinium Global Research identifies the key
investment markets in the near future, this will not only help the companies to
understand the competitive position in the global Volt/VAr management market
but also make strategic decisions to capture the most lucrative markets in the
near future. The market size is presented in terms of value for the historic
year 2016 and estimated for forecast period of 2018-2024.
Get
15% discount for early purchase of global Volt/VAr management market report by
clicking the following link, Use code IGRD15 to request the discount in the
given form
https://www.infiniumglobalresearch.com/reports/request-discount/1544
The recent report identified that
North America dominated the global Volt/VAr management market over the last
couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated
to contribute significantly to the growth in the Volt/VAr management market
worldwide.
The report segments the global Volt/VAr
management market on the basis of Component, Application and End-User.
Global Volt/VAr Management Market
by Component
·
Hardware
·
Software And Services
Global Volt/VAr Management Market
by Application
·
Distribution
·
Transmission
·
Generation
Global Volt/VAr Management Market
by End-User
·
Electric Utility
·
Industrial
Companies Profiled in the Report
·
Schneider Electric
·
GE
·
ABB
·
Siemens AG
·
Eaton Corporation
·
DVI
·
Beckwith Electric Co., Inc.
·
Advanced Control Systems
·
S&C Electric Company
·
Volt/VArManagement
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