Energy and Power

Global Market for Dynamic Volt/VAR Control Architecture 2015-2019

  • TEC320987
  • 79 Pages
  • July 2015
  • Energy and Power
About dynamic volt VAR control architecture
The variability in voltage parameters is rising with increase in load because of rising energy demand and renewable energy resources integration into the grid. This variability can be dangerous for voltage sensitive equipment such as PCs. Thus, the voltage is required to be regulated under specified limits. Therefore, dynamic Volt/VAR control architecture improves the grid efficiency and helps the power grid to become more flexible.

The reactive power flow is controlled in distribution systems to reduce power loss. The voltage control and reactive power control should be well integrated for the grid system to work efficiently. Utilities employ a number of technologies such as capacitor banks, voltage regulators, and power transformers with on-load tap changers to monitor and adjust the volt/VAR levels. These technologies help utilities to reduce the peak demand, enables power factor levels to reduce energy losses, and implement conservation voltage reduction. This whole process leads to significant reduction in power loss and energy demand.

Technavio's analysts forecast the global market for dynamic volt VAR control architecture to grow at a CAGR of 15.7% during 2014-2019.

Covered in this report
The global market for dynamic volt VAR control architecture is divided into the following based on the type of solutions: volt VAR control, distribution voltage optimization, conservation voltage reduction, distribution volt VAR control, and others.

Technavio's report, Global Market for Dynamic Volt VAR Control Architecture 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ABB
GE Digital Energy
Schneider Electric
Siemens Energy
Silver Spring Network

Other prominent vendors
Advanced Control Systems
Beckwith Electric
Eaton
Gridco Systems
S&C Electric
Varentec

Market driver
Increased renewable power integration
For a full, detailed list, view our report

Market challenge
High initial costs
For a full, detailed list, view our report

Market trend
Need for better energy efficiency
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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