Volt and VAR System are the change in line voltage due to reactance elements.It is an important part of the safe, high-quality and economical operation of power grid. It includes hardware, software and services, including smart sensors, voltage regulators, capacitor Banks and so on.
This report contains market size and forecasts of Volt and VAR Systems in Global, including the following market information:
Global Volt and VAR Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Volt and VAR Systems market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Volt/VAR Control Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Volt and VAR Systems include ABB, Eaton, GE, Varentec, Schneider Electric, Siemens, Advanced Control Systems, Landis+Gyr and Open Systems International, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Volt and VAR Systems companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Volt and VAR Systems Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Volt and VAR Systems Market Segment Percentages, by Type, 2021 (%)
Volt/VAR Control
Distribution Voltage Optimization
Conservation Voltage Reduction
Distribution Volt/VAR Control
Others
Global Volt and VAR Systems Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Volt and VAR Systems Market Segment Percentages, by Application, 2021 (%)
Electric Utility
Industrial
Global Volt and VAR Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Volt and VAR Systems Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Volt and VAR Systems revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Volt and VAR Systems revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Eaton
GE
Varentec
Schneider Electric
Siemens
Advanced Control Systems
Landis+Gyr
Open Systems International
Utilidata
Beckwith Electric
DC Systems
S&C Electric Company
DVI
Dominion Voltage, Inc.
Gridco Systems
OATI