Global Volt/VAr Management Market is expected to reach $792.06 million by 2027 growing at a CAGR of 7.6% during 2018 to 2027.

Some of the key players in global Volt/VAr Management market are Eaton, Siemens, DC Systems, ABB, Open Systems International, GE, Advanced Control Systems, Varentec, Schneider Electric, Beckwith Electric, Landis+Gyr, S&C Electric Company, DVI and Utilidata.

Gaithersburg, Maryland, United States – September 9, 2019 /MarketersMedia/ —

Factors such as growing investment in distributed generation, rising need to reduce T&D losses, increasing in renewable power generation and reducing the operational cost are driving the market growth. However, the high initial cost of installation is hampering the market growth.

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Volt/VAR is an advanced management system that determines the most appropriate set of control actions for all voltage regulating devices and VAR control devices to achieve more specified operating objectives without violating any of the fundamental operating constraints.

Based on the application, the electric utility segment is going to have a lucrative growth during the forecast period. Increasing investments in distributed power generation for renewable sources such as solar and wind and the implementation of volt/VAr management projects for voltage & power optimization are expected to drive the electric utility segment.

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By Geography, North America is likely to have a huge demand due to the during the forecast period. Increasing investments in renewable energy and volt/VAr optimization projects in the utility sector are the key factors driving the volt/VAr management market in North America.

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Components Covered:
• Software & Services
• Hardware

Applications Covered:
• Distribution
• Transmission
• Generation

End Users Covered:
• Industrial
• Electric Utility

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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Source URL: https://marketersmedia.com/global-voltvar-management-market-is-expected-to-reach-79206-million-by-2027-growing-at-a-cagr-of-76-during-2018-to-2027/88916824

Source: MarketersMedia

Release ID: 88916824

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