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US Smart Grid Volt-Var Control Technologies Forecast to 2032

Publisher Market Research Future
Published Apr 18, 2024
Length 133 Pages
SKU # RESFT18748626

Description

US Smart Grid Volt-Var Control Technologies Forecast to 2032


The US Smart Grid Volt-Var Control Technologies market accounted for a valuation of USD 129.5 million in 2022, and it is projected to reach USD 233.6 million in 2032 at a CAGR of 6.3% during 2023 to 2032.

The study of the US Smart Grid Volt-Var Control Technologies market provides detailed information about the industry trends and dynamics, market size, competitive landscape, and growth opportunities. Volt-Var optimization helps in maintaining optimal voltage level throughout the grid, reducing energy losses and improving overall system efficiency. Smart grid often experiences fluctuations in demand and supply. Volt-Var technology helps in maintain stable voltage level, preventing voltage sags or surges that could adversely impact the operation of sensitive electronic equipment. As smart grid increasingly incorporates renewable energy sources like solar and wind, Volt-Var optimization becomes crucial. Fluctuation in renewable energy generation can be migrated by dynamically adjusting voltage and reactive power levels, ensuring smooth integration of these variable energy sources. Smart grid leverage advanced communication technologies for real-time monitoring and control. Volt-Var technology when integrated into smart grid infrastructure, enables remote monitoring and control of voltage and reactive power parameter, providing operators with the ability to make timely adjustments.

Market Segmentation
This research report categorizes the market based on VOLT-VAR control technologies and region. Based on VOLT-VAR control technologies, the Smart Grid Volt-Var Control Technologies market is bifurcated into, Capacitor Bank, On-Line Tap Changer (OLTC) Control, Smart PV Inverters, Voltage Optimization (VO) Technology and others. The Voltage Optimization (VO) Technology is further bifurcated into by type, which is fixed voltage reduction and variable voltage reduction, and by voltage into low and high. Based on region, the US Smart Grid Volt-Var Control Technologies market has been segmented into Northeast, Southwest, West, Southeast and Midwest.

Major Players
GE, ABB Group, Eaton, Siemens, Schneider Electric, Mitsubishi Electric and Others are some of the key players operating in the global market.

Table of Contents

133 Pages
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
3 Research Methodology
3.1 Overview
3.2 Data Flow
3.2.1 Data Mining Process
3.3 Purchased Database:
3.4 Secondary Sources:
3.4.1 Secondary Research Data Flow:
3.5 Primary Research:
3.5.1 Primary Research Data Flow:
3.5.2 Primary Research: Number Of Interviews Conducted
3.6 Approaches For Market Size Estimation:
3.6.1 Consumption & Net Trade Approach
3.6.2 Revenue Analysis Approach
3.7 Data Forecasting
3.7.1 Data Forecasting Technique
3.8 Data Modeling
3.8.1 Microeconomic Factor Analysis:
3.8.2 Data Modeling:
3.9 Teams And Analyst Contribution
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Growing Advantages Of Smart Grid Technology
4.2.2 Growing Need To Update From A Traditional Electricity Grid To A Smart Grid
4.2.3 Strong Government Focus On Grid Modernization
4.3 Restraints/ Challenges
4.3.1 Smart Grid Adoption Challenges
4.4 Opportunity
4.4.1 Demand Response With Volt/ Var Optimization For Unbalanced Active Distribution Systems
4.4.2 Growing Demand For Microgrids
4.4.3 Need For Conservation Voltage Reduction/ Volt Var Optimization Practices
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.2 Covid-19 Impact Analysis
6 Us Smart Grid Technology Market Insights
6.1 Technology Trend Analysis
6.1.1 Distribution Energy Resources (Ders)
6.1.2 Merging Electric Vehicles (Evs) Into Modern Life
6.1.3 Energy Storage
6.1.4 Microgrids
6.1.5 Artificial Intelligence (Ai)
6.2 Market/ Regulatory Trend Analysis
6.2.1 Leveraging Demand Response (Dr) Aggregators In Traditionally Regulated States
6.2.2 Importance Of Capacity/Availability
6.2.3 Increasing Non-wires Alternatives For Grid Relief
6.2.4 Accessing Federal Funding Programs For Utilities
6.3 Us Smart Grid Technology - Pestel Analysis
6.4 Us Smart Grid Technology - Swot Analysis
6.5 Us Regulatory Landscape Analysis
6.5.1 Grid Modernization Initiative (Gmi)
6.6 Us Smart Grid Deployment Efforts
6.7 Major Projects Across Us
6.8 Maturity Levels And Deployment Trends Of Smart Grid Technologies
6.9 Cvr Investments Expand The Capability, Benefits Of Smart Grid Deployments
6.9.1 Standardizing Conservation Voltage Reduction Measurement & Verification
6.10 Policies, Regulatory Frameworks, Initiatives: Actions And Milestones
6.10.1 Technology Development: Actions And Milestones
6.10.2 Policy And Regulatory Framework: Actions And Milestones
6.11 Conclusion
7 Us Smart Grid Volt-var Control Technologies Market, By Volt-var Control Technologies
7.1 Overview
7.2 Capacitor Bank
7.3 On-line Tap Changer (Oltc) Control
7.4 Smart Pv Inverters
7.5 Voltage Optimization (Vo) Technology
7.5.1 Us Voltage Optimization (Vo) Technology Market, By Type
7.5.1.1 Fixed Voltage Reduction
7.5.1.2 Variable Voltage Reduction
7.5.2 Us Voltage Optimization (Vo) Technology Market, By Voltage
7.5.2.1 Low
7.5.2.2 High
7.6 Others
8 Us Smart Grid Volt-var Control Technologies Market, By Region
8.1 Overview
8.2 Northeast
8.3 Southwest
8.4 West
8.5 Southeast
8.6 Midwest
9 Competitive Landscape
9.1 Introduction
9.2 Market Share Analysis, 2022
9.3 Competitor Dashboard
9.4 Key Developments & Growth Strategies
9.4.1 Product Launch/Product Approval/Product Developmet
10 Company Profile
10.1 Abb Ltd.
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Products Offered
10.1.4 Key Developments
10.1.5 Swot Analysis
10.1.6 Key Strategies
10.2 Siemens.
10.2.1 Company Overview
10.2.2 Financial Overview
10.2.3 Products Offered
10.2.4 Key Developments
10.2.5 Swot Analysis
10.2.6 Key Strategies
10.3 Schneider Electric.
10.3.1 Company Overview
10.3.2 Financial Overview
10.3.3 Products Offered
10.3.4 Key Developments
10.3.5 Swot Analysis
10.3.6 Key Strategies
10.4 General Electric Co.
10.4.1 Company Overview
10.4.2 Financial Overview
10.4.3 Products Offered
10.4.4 Key Developments
10.4.5 Swot Analysis
10.4.6 Key Strategies
10.5 Eaton.
10.5.1 Company Overview
10.5.2 Financial Overview
10.5.3 Products Offered
10.5.4 Key Developments
10.5.5 Swot Analysis
10.5.6 Key Strategies
10.6 Etap
10.6.1 Company Overview
10.6.2 Financial Overview
10.6.3 Products Offered
10.6.4 Key Developments
10.6.5 Swot Analysis
10.6.6 Key Strategies
10.7 Hitachi.
10.7.1 Company Overview
10.7.2 Financial Overview
10.7.3 Products Offered
10.7.4 Key Developments
10.7.5 Swot Analysis
10.7.6 Key Strategies
10.8 Mitsubishi Electric.
10.8.1 Company Overview
10.8.2 Financial Overview
10.8.3 Products Offered
10.8.4 Key Developments
10.8.5 Swot Analysis
10.8.6 Key Strategies
10.9 American Superconductor Corporation.
10.9.1 Company Overview
10.9.2 Financial Overview
10.9.3 Products Offered
10.9.4 Key Developments
10.9.5 Swot Analysis
10.9.6 Key Strategies
10.10 Varentec.
10.10.1 Company Overview
10.10.2 Financial Overview
10.10.3 Products Offered
10.10.4 Key Developments
10.10.5 Swot Analysis
10.10.6 Key Strategies
10.11 Data Citations
List Of Tables
Table 1 Market Synopsis
Table 2 Qfd Modeling For Market Share Assessment
Table 3 Key Differences Between Traditional Electricity Grid And Smart Grid
Table 4 Devices And Systems That Support Distribution Automation (Da) Applications
Table 5 Summary Of State Level Regulatory And Policy Actions
Table 6 Us Smart Grid Volt-var Control Technologies Market, By Volt-var Control Technologies, 2019-2032
(Usd Million)
Table 7 Us Voltage Optimization (Vo) Technology Market, By Type, 2019–2032 (Usd Million)
Table 8 Us Voltage Optimization (Vo) Technology Market, By Voltage, 2019–2032 (Usd Million)
Table 9 Us Smart Grid Volt-var Control Technologies Market, By Region, 2019–2032 (Usd Million)
Table 10 Northeast Us Smart Grid Volt-var Control Technologies Market, By Volt-var Control Technologies,
2019–2032 (Usd Million)
Table 11 Northeast Us Voltage Optimization (Vo) Technology Market, By Type, 2019–2032 (Usd Million)
Table 12 Northeast Us Voltage Optimization (Vo) Technology Market, By Voltage, 2019–2032 (Usd Million)
Table 13 Southwest Us Smart Grid Volt-var Control Technologies Market, By Volt-var Control Technologies,
2019–2032 (Usd Million)
Table 14 Southwest Voltage Optimization (Vo) Technology Market, By Type, 2019–2032 (Usd Million)
Table 15 Southwest Us Voltage Optimization (Vo) Technology Market, By Voltage, 2019–2032 (Usd Million)
Table 16 West Us Smart Grid Volt-var Control Technologies Market, By Volt-var Control Technologies, 2019–2032
(Usd Million)
Table 17 West Us Voltage Optimization (Vo) Technology Market, By Type, 2019–2032 (Usd Million)
Table 18 West Us Voltage Optimization (Vo) Technology Market, By Voltage, 2019–2032 (Usd Million)
Table 19 Southeast Us Smart Grid Volt-var Control Technologies Market, By Volt-var Control Technologies,
2019–2032 (Usd Million)
Table 20 Southeast Us Voltage Optimization (Vo) Technology Market, By Type, 2019–2032 (Usd Million)
Table 21 Southeast Us Voltage Optimization (Vo) Technology Market, By Voltage, 2019–2032 (Usd Million)
Table 22 Midwest Us Smart Grid Volt-var Control Technologies Market, By Volt-var Control Technologies,
2019–2032 (Usd Million)
Table 23 Midwest Us Voltage Optimization (Vo) Technology Market, By Type, 2019–2032 (Usd Million)
Table 24 Midwest Us Voltage Optimization (Vo) Technology Market, By Voltage, 2019–2032 (Usd Million)
Table 25 Product Launch/Product Approval
Table 26 Abb Ltd: Products/ Solutions/ Services Offered
Table 27 Siemens: Products/ Solutions/ Services Offered
Table 28 Schneider Electric: Products/ Solutions/ Services Offered
Table 29 General Electric Co.: Products/ Solutions/ Services Offered
Table 30 Eaton: Products/ Solutions/ Services Offered
Table 31 Etap: Products/ Solutions/ Services Offered
Table 32 Hitachi: Products/ Solutions/ Services Offered
Table 33 Mitsubishi Electric: Products/ Solutions/ Services Offered
Table 34 Mitsubishi Electric: Key Developments
Table 35 American Superconductor Corporation: Products/ Solutions/ Services Offered
Table 36 Varentec: Products/ Solutions/ Services Offered
List Of Figures
Figure 1 Us Smart Grid Volt-var Control Technologiesmarket: Structure
Figure 2 Us Smart Grid Volt-var Control Technologies Market: Market Growth Factor Analysis (2022-2032)
Figure 3 Smart Grid Technology Transforming Grids Through Multiple Benefits
Figure 4 Smart Grid Technology Benefits
Figure 5 Driver Impact Analysis (2023-2032)
Figure 6 Opportunity Impact Forecast
Figure 7 Supply Chain Analysis: Traditional Grids
Figure 8 Supply Chain Analysis: Smart Grids
Figure 9 Us Smart Grid Technology – Pestel Analysis
Figure 10 Us Smart Grid Technology – Swot Analysis
Figure 11 Gmi Policies And Six Key Pillars
Figure 1 Q3 2023 Legislative And Regulatory Action On Grid Modernization
Figure 2 Smart Grid Maturity Model – Levels, Description, & Results
Figure 3 Smart Grid Technology Maturity Curve - Smart-grid Technologies Display Highly Variable Levels
Of Maturity
Figure 4 Us Smart Grid Volt-var Control Technologies Market; Volt-var Control Technologies Segment
Attractiveness, (Usd Million)
Figure 5 Us Smart Grid Volt-var Control Technologies Market, By Volt-var Control Technologies, 2022 & 2032
(Usd Million)
Figure 6 Us Smart Grid Volt-var Control Technologies Market, By Volt-var Control Technologies, 2022 (% Share)
Figure 7 Us Market Analysis: Smart Grid Volt-var Control Technologies Market, 2019-2032(Usd Million)
Figure 8 Us Smart Grid Volt-var Control Technologies Market, By Region, 2022 (% Share)
Figure 9 Us Smart Grid Volt-var Control Technologies Market, By Region, 2022 Vs 2032 (Usd Million)
Figure 10 Northeast Us Smart Grid Volt-var Control Technologies Market, By Volt-var Control Technologies,
2022 Vs 2032 (Usd Million)
Figure 11 Southwest Us Smart Grid Volt-var Control Technologies Market, By Volt-var Control Technologies,
2022 Vs 2032 (Usd Million)
Figure 12 West Us Smart Grid Volt-var Control Technologies Market, By Volt-var Control Technologies,
2022 Vs 2032 (Usd Million)
Figure 13 Southeast Us Grid Volt-var Control Technologies Market, By Volt-var Control Technologies,
2022 Vs 2032 (Usd Million)
Figure 14 Midwest Grid Us Volt-var Control Technologies Market, By Volt-var Control Technologies,
2022 Vs 2032 (Usd Million)
Figure 15 Us Smart Grid Volt-var Control Technologies Market Players: Competitive Analsis, 2022
Figure 16 Competitor Dashboard: Us Smart Grid Volt-var Control Technologies Market
Figure 17 Abb Ltd: Financial Overview Snapshot
Figure 18 Abb Ltd: Swot Analysis
Figure 19 Siemens: Financial Overview Snapshot
Figure 20 Siemens: Swot Analysis
Figure 21 Schneider Electric: Financial Overview Snapshot
Figure 22 Schneider Electric: Swot Analysis
Figure 23 General Electric Co.: Financial Overview Snapshot
Figure 24 General Electric Co.: Swot Analysis
Figure 25 Eaton: Financial Overview Snapshot
Figure 26 Eaton: Swot Analysis
Figure 27 Etap: Swot Analysis
Figure 28 Hitachi: Financial Overview Snapshot
Figure 29 Hitachi: Swot Analysis
Figure 30 Mitsubishi Electric: Financial Overview Snapshot
Figure 31 Mitsubishi Electric: Swot Analysis
Figure 32 American Superconductor Corporation: Financial Overview Snapshot
Figure 33 American Superconductor Corporation: Swot Analysis
Figure 34 Varentec: Swot Analysis

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