As the global economy mends, the 2021 growth of Volt & VAR Systems will have significant change from previous year. According to our (LP Information) latest study, the global Volt & VAR Systems market size is USD million in 2022 from USD million in 2021, with a change of % between 2021 and 2022. The global Volt & VAR Systems market size will reach USD million in 2028, growing at a CAGR of % over the analysis period.
The United States Volt & VAR Systems market is expected at value of US$ million in 2021 and grow at approximately % CAGR during review period. China constitutes a % market for the global Volt & VAR Systems market, reaching US$ million by the year 2028. As for the Europe Volt & VAR Systems landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period. In APAC, the growth rates of other notable markets (Japan and South Korea) are projected to be at % and % respectively for the next 6-year period.
Global main Volt & VAR Systems players cover ABB, Advanced Control Systems, Beckwith Electric, and Dominion Voltage, Inc., etc. In terms of revenue, the global largest two companies occupy a share nearly % in 2021.
This report presents a comprehensive overview, market shares, and growth opportunities of Volt & VAR Systems market by product type, application, key manufacturers and key regions and countries.
Segmentation by type: breakdown data from 2017 to 2022, in Section 2.3; and forecast to 2028 in section 12.6
Volt/VAR Control
Distribution Voltage Optimization
Conservation Voltage Reduction
Distribution Volt/VAR Control
Others
Segmentation by application: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 12.7.
Distribution
Transmission
Generation
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the prominent manufacturers in this market, include
ABB
Advanced Control Systems
Beckwith Electric
Dominion Voltage, Inc.
Eaton (Cooper Power Systems)
GE
Gridco Systems
OATI
Open Systems International
Schneider Electric
Siemens
Survalent Technology
Utilidata
Varentec