Report forecast the global market for dynamic volt
VAR control architecture to grow at a CAGR of 15.7% during 2014-2019.
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.
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.
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.
According to the report, one driver that positively
influences growth in this market is the recent increase in the electricity
load. Growing energy demand is leading to load growth and variability in load,
which is fueling the demand for Volt/VAR controls.
Key players in the Global Dynamic Volt/VAR Control
Architecture Market: ABB Ltd., GE Digital Energy, Schneider Electric Corp.,
Siemens Energy AG, and Silver Spring Network, Inc.
Other Prominent Vendors in the market are: ABB Ltd.,
GE Digital Energy, Schneider Electric Corp., Siemens Energy AG, and Silver
Spring Network, Inc.
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?
Spanning over 79 pages “Global Market for Dynamic Volt/VAR Control Architecture
2015-2019” report covers Executive Summary, List of
Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market
Landscape, Market Segmentation by Solution, Geographical Segmentation, Key
Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their
Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends,
Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For
further information on this report, please visit-
http://mrr.cm/4FZ
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