Market Research Logo

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

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

“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.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • INTRODUCTION
      • Table VOLT/VAR MANAGEMENT MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE VOLT/VAR MANAGEMENT MARKET DURING THE FORECAST PERIOD
    • VOLT/VAR MANAGEMENT MARKET, BY COUNTRY
    • VOLT/VAR MANAGEMENT MARKET, BY END-USER
    • VOLT/VAR MANAGEMENT MARKET, BY COMPONENT
    • VOLT/VAR MANAGEMENT MARKET, BY APPLICATION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • VOLT/VAR MANAGEMENT MARKET, BY APPLICATION
    • INTRODUCTION
      • Table VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION)
    • DISTRIBUTION
      • Table DISTRIBUTION: VOLT/VAR MANAGEMENT MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • TRANSMISSION
      • Table TRANSMISSION: VOLT/VAR MANAGEMENT MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • GENERATION
      • Table GENERATION: VOLT/VAR MANAGEMENT MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
  • VOLT/VAR MANAGEMENT MARKET, BY COMPONENT
    • INTRODUCTION
      • Table VOLT/VAR MANAGEMENT MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
    • HARDWARE
      • Table HARDWARE: VOLT/VAR MANAGEMENT MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • LOAD TAP CHANGER (LTC) TRANSFORMERS
      • VOLTAGE REGULATORS
      • CAPACITOR BANKS
    • SOFTWARE AND SERVICES
      • Table SOFTWARE AND SERVICES: VOLT/VAR MANAGEMENT MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
  • VOLT/VAR MANAGEMENT MARKET, BY END-USER
    • INTRODUCTION
      • Table VOLT/VAR MANAGEMENT MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
    • ELECTRIC UTILITY
      • Table ELECTRIC UTILITY: VOLT/VAR MANAGEMENT MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • INDUSTRIAL
      • Table INDUSTRIAL: VOLT/VAR MANAGEMENT MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
  • VOLT/VAR MANAGEMENT MARKET, BY REGION
    • INTRODUCTION
      • Table VOLT/VAR MANAGEMENT MARKET, BY REGION, 2015–2022 (USD MILLION)
      • Table TOP FIVE COUNTRIES: VOLT/VAR MANAGEMENT MARKET SIZE, BY DISTRIBUTION, 2015–2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION)
      • Table NORTH AMERICA: VOLT/VAR MANAGEMENT MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
      • Table NORTH AMERICA: VOLT/VAR MANAGEMENT MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • Table NORTH AMERICA: VOLT/VAR MANAGEMENT MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • US
        • Table US: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION)
      • CANADA
        • Table CANADA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION)
      • MEXICO
        • Table MEXICO: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
    • EUROPE
      • Table EUROPE: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION)
      • Table EUROPE: VOLT/VAR MANAGEMENT MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
      • Table EUROPE: VOLT/VAR MANAGEMENT MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • Table EUROPE: VOLT/VAR MANAGEMENT MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • UK
        • Table UK: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • GERMANY
        • Table GERMANY: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION)
      • FRANCE
        • Table FRANCE: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • RUSSIA
        • Table RUSSIA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • ITALY
        • Table ITALY: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • SPAIN
        • Table SPAIN: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION)
      • Table ASIA PACIFIC: VOLT/VAR MANAGEMENT MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
      • Table ASIA PACIFIC: VOLT/VAR MANAGEMENT MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • Table ASIA PACIFIC: VOLT/VAR MANAGEMENT MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • CHINA
        • Table CHINA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • JAPAN
        • Table JAPAN: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • INDIA
        • Table INDIA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • AUSTRALIA
        • Table AUSTRALIA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • SOUTH KOREA
        • Table SOUTH KOREA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • INDONESIA
        • Table INDONESIA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION)
      • Table SOUTH AMERICA: VOLT/VAR MANAGEMENT MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
      • Table SOUTH AMERICA: VOLT/VAR MANAGEMENT MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • Table SOUTH AMERICA: VOLT/VAR MANAGEMENT MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • ARGENTINA
        • Table ARGENTINA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST & AFRICA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015– 2022 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: VOLT/VAR MANAGEMENT MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: VOLT/VAR MANAGEMENT MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: VOLT/VAR MANAGEMENT MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • NIGERIA
        • Table NIGERIA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • QATAR
        • Table QATAR: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • UAE
        • Table UAE: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • KUWAIT
        • Table KUWAIT: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • ALGERIA
        • Table ALGERIA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
      • REST OF MIDDLE EAST AND AFRICA
        • Table REST OF MIDDLE EAST AND AFRICA: VOLT/VAR MANAGEMENT MARKET SIZE, BY APPLICATION, 2015–2022 (USD THOUSAND)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS, 2016
    • COMPETITIVE SCENARIO
      • NEW PRODUCT DEVELOPMENTS
      • CONTRACTS & AGREEMENTS
      • OTHERS (PARTNERSHIPS/COLLABORATIONS/ JOINT VENTURES/AWARDS & RECOGNITIONS)
  • COMPANY PROFILE
    • BENCHMARKING
    • ABB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • EATON
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • GE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • SCHNEIDER ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SIEMENS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ADVANCED CONTROL SYSTEMS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • DVI
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • LANDIS+GYR
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • OPEN SYSTEMS INTERNATIONAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • UTILIDATA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • VARENTEC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BECKWITH ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • DC SYSTEMS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • S&C ELECTRIC COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report