Market Overview:
The global dynamic volt VAR control architecture market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for voltage optimization and conservation voltage reduction solutions across industrial, commercial, and residential applications. In addition, the growing need for real-time monitoring and control of voltages and VARs is also propelling the growth of this market. Based on type, the global dynamic volt VAR control architecture market can be segmented intovolt VAR control, distribution voltage optimization, conservation voltage reduction, distribution Volt VAR Control (DVVC),and other types.
Product Definition:
A Dynamic Volt VAR Control Architecture is a system that uses voltage and reactive power regulators to control the voltage and reactive power delivered to an electrical load. This type of system is important because it can help maintain the stability of the electrical grid by regulating the voltage and reactive power supplied to loads.
Volt VAR Control:
Volt VAR control is a power electronic device used to regulate the output voltage of an electric motor. It helps in improving the efficiency and reliability of electric motors by reducing energy losses due to variations in load demand and supply. The system comprises of two major components, namely, Var compensator (VC) and Power Electronics Control (PEC).
Distribution Voltage Optimization:
The global distribution voltage optimization and it's usage in dynamic volt var control architecture market size was valued at USD 8.5 million in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024. The increasing demand for renewable energy coupled with the need for grid interconnection across the globe is anticipated to drive industry growth over the forecast period.
Application Insights:
The distribution voltage optimization segment dominated the global dynamic volt var control architecture market in terms of revenue share in 2017. This is attributed to the increasing number of power distribution projects across various industries such as oil & gas, steel and mining. The need for optimizing power flow through proper utilization of transformers has become critical owing to rising demand for high-voltage direct current (HVDC) transmission systems from renewable energy generation sources, such as wind turbines and solar panels.
The commercial application segment is expected to witness a significant CAGR over the forecast period due to growing adoption across several sectors including healthcare, data centers, telecom networks and IT offices among others.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing investments by key players in the region and technological advancements. For instance, In 2015, Siemens Energy and Resources invested USD X million for research on distributed generation at U.S Department of Energy’s (DOE) national laboratories with an aim to reduce carbon footprint associated with electricity generation from fossil fuels.
In Europe, distribution voltage optimization has been legalized in several countries such as Denmark, France and Italy for reducing pollution caused by conventional power plants or large scale generators that are used during peak hours for avoiding expensive infrastructure costs associated with conventional power plants or large scale generators during off-peak hours when demand is low thus saving energy cost as well as reducing pollution levels which are beneficial in terms of health & safety standards thereby boosting industry growth across this region significantly over the forecast period.
Growth Factors:
- Increasing demand for voltage stability and reliability from data centers, telecom, and other critical infrastructure
- Rapid growth in renewable energy sources such as wind and solar, which can cause fluctuations in the power grid that need to be managed
- The increasing penetration of electric vehicles, which will add more load to the grid and require more voltage regulation
- Aging infrastructure that needs to be upgraded or replaced with smart grids that can better manage voltages and variances
- Growing awareness of the benefits of Dynamic Volt VAR Control Architecture among utilities and consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Dynamic Volt VAR Control Architecture Market Research Report
By Type
Volt VAR Control, Distribution Voltage Optimization, Conservation Voltage Reduction, Distribution Volt VAR Control, Other
By Application
Industrial, Residential, Commercial
By Companies
ABB, GE, Schneider Electric, Siemens, Itron, Eaton, Beckwith Electric, Advanced Control Systems, S&C Electric, Varentec, ABB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Dynamic Volt VAR Control Architecture Market Report Segments:
The global Dynamic Volt VAR Control Architecture market is segmented on the basis of:
Types
Volt VAR Control, Distribution Voltage Optimization, Conservation Voltage Reduction, Distribution Volt VAR Control, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- GE
- Schneider Electric
- Siemens
- Itron
- Eaton
- Beckwith Electric
- Advanced Control Systems
- S&C Electric
- Varentec
- ABB
Highlights of The Dynamic Volt VAR Control Architecture Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Volt VAR Control
- Distribution Voltage Optimization
- Conservation Voltage Reduction
- Distribution Volt VAR Control
- Other
- By Application:
- Industrial
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Dynamic Volt VAR Control Architecture Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Dynamic Volt VAR Control Architecture is a control architecture that uses real-time data to optimize the operation of an electric power system. The system monitors voltages and currents in order to make adjustments that improve the overall efficiency of the power grid.
Some of the key players operating in the dynamic volt var control architecture market are ABB, GE, Schneider Electric, Siemens, Itron, Eaton, Beckwith Electric, Advanced Control Systems, S&C Electric, Varentec, ABB.
The dynamic volt var control architecture market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Dynamic Volt VAR Control Architecture Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Dynamic Volt VAR Control Architecture Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Dynamic Volt VAR Control Architecture Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Dynamic Volt VAR Control Architecture Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Dynamic Volt VAR Control Architecture Market Size & Forecast, 2020-2028
4.5.1 Dynamic Volt VAR Control Architecture Market Size and Y-o-Y Growth
4.5.2 Dynamic Volt VAR Control Architecture Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Volt VAR Control
5.2.2 Distribution Voltage Optimization
5.2.3 Conservation Voltage Reduction
5.2.4 Distribution Volt VAR Control
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Residential
6.2.3 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Dynamic Volt VAR Control Architecture Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Dynamic Volt VAR Control Architecture Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Volt VAR Control
9.6.2 Distribution Voltage Optimization
9.6.3 Conservation Voltage Reduction
9.6.4 Distribution Volt VAR Control
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Residential
9.10.3 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Volt VAR Control
10.6.2 Distribution Voltage Optimization
10.6.3 Conservation Voltage Reduction
10.6.4 Distribution Volt VAR Control
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Residential
10.10.3 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Volt VAR Control
11.6.2 Distribution Voltage Optimization
11.6.3 Conservation Voltage Reduction
11.6.4 Distribution Volt VAR Control
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Residential
11.10.3 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Volt VAR Control
12.6.2 Distribution Voltage Optimization
12.6.3 Conservation Voltage Reduction
12.6.4 Distribution Volt VAR Control
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Residential
12.10.3 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Volt VAR Control
13.6.2 Distribution Voltage Optimization
13.6.3 Conservation Voltage Reduction
13.6.4 Distribution Volt VAR Control
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Residential
13.10.3 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Dynamic Volt VAR Control Architecture Market: Competitive Dashboard
14.2 Global Dynamic Volt VAR Control Architecture Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 GE
14.3.3 Schneider Electric
14.3.4 Siemens
14.3.5 Itron
14.3.6 Eaton
14.3.7 Beckwith Electric
14.3.8 Advanced Control Systems
14.3.9 S&C Electric
14.3.10 Varentec
14.3.11 ABB
