Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Volt/VAr Management Market."

TechSci Research's report, titled "Volt/VAr Management Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028," forecasts robust growth in the Global Volt/VAr Management Market. The surge in demand for efficient power and the utilization of renewable energy resources are driving rapid growth in the market. The modern grid is undergoing significant changes with the deployment of distributed energy resources, leading to voltage variations. Factors such as the growing need for electricity, complexity in distributed energy generation, and emphasis on reducing distribution losses are driving market expansion.

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Report Scope:

In this report, the Global Volt/VAr Management Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Volt/VAr Management Market, By Application:

o   Transmission

o   Generation

o   Distribution 

  • Global Volt/VAr Management Market, By Component:

o   Hardware

o   Software & Services      

  • Global Volt/VAr Management Market, By End User:

o   Electric Utility

o   Industrial    

  • Global Volt/VAr Management Market, By Region:

o   North America

o   Europe

o   South America

o   Middle East & Africa

o   Asia Pacific

The shift towards smart grids offers significant opportunities for Volt/VAr management solutions. These technologies optimize grid operations, improve power quality, and facilitate bidirectional communication between utilities and consumers. The growing EV charging infrastructure presents opportunities to ensure efficient power delivery to charging stations while managing the impact on the grid. Grid analytics integration empowers utilities to gain insights into grid performance, facilitating data-driven decision-making.

Key market players in the Global Volt/VAr Management Market are: -

  • ABB Limited

  • Beckwith Electric Co., Inc.

  • Eaton Corporation

  • General Electric Company

  • Landis+Gyr AG

  • Open Systems International, Inc.

  • Schneider Electric SE

  • Siemens AG

  • Utilidata, Inc.

  • Varentec, Inc.

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The Global Volt/VAr Management Market is segmented by application, component, end user, and region. Hardware is projected to dominate the market due to advancements in sensor technology, communication capabilities, and automation technologies. North America is expected to dominate the market, driven by increasing adoption of demand response programs and growth in EV charging infrastructure.

In conclusion, the report aims to provide comprehensive market intelligence to assist decision-makers in making informed investment decisions. It identifies emerging trends, drivers, challenges, and opportunities in the Global Volt/VAr Management Market.

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