US Smart Grid Volt-Var Control Technologies Forecast to 2032
The US Smart Grid Volt-Var Control Technologies market accounted for a valuation of USD 129.5 million in 2022, and it is projected to reach USD 233.6 million in 2032 at a CAGR of 6.3% during 2023 to 2032.
The study of the US Smart Grid Volt-Var Control Technologies market provides detailed information about the industry trends and dynamics, market size, competitive landscape, and growth opportunities. Volt-Var optimization helps in maintaining optimal voltage level throughout the grid, reducing energy losses and improving overall system efficiency. Smart grid often experiences fluctuations in demand and supply. Volt-Var technology helps in maintain stable voltage level, preventing voltage sags or surges that could adversely impact the operation of sensitive electronic equipment. As smart grid increasingly incorporates renewable energy sources like solar and wind, Volt-Var optimization becomes crucial. Fluctuation in renewable energy generation can be migrated by dynamically adjusting voltage and reactive power levels, ensuring smooth integration of these variable energy sources. Smart grid leverage advanced communication technologies for real-time monitoring and control. Volt-Var technology when integrated into smart grid infrastructure, enables remote monitoring and control of voltage and reactive power parameter, providing operators with the ability to make timely adjustments.
Market Segmentation This research report categorizes the market based on VOLT-VAR control technologies and region. Based on VOLT-VAR control technologies, the Smart Grid Volt-Var Control Technologies market is bifurcated into, Capacitor Bank, On-Line Tap Changer (OLTC) Control, Smart PV Inverters, Voltage Optimization (VO) Technology and others. The Voltage Optimization (VO) Technology is further bifurcated into by type, which is fixed voltage reduction and variable voltage reduction, and by voltage into low and high. Based on region, the US Smart Grid Volt-Var Control Technologies market has been segmented into Northeast, Southwest, West, Southeast and Midwest.
Major Players GE, ABB Group, Eaton, Siemens, Schneider Electric, Mitsubishi Electric and Others are some of the key players operating in the global market.
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
3 Research Methodology
3.1 Overview
3.2 Data Flow
3.2.1 Data Mining Process
3.3 Purchased Database:
3.4 Secondary Sources:
3.4.1 Secondary Research Data Flow:
3.5 Primary Research:
3.5.1 Primary Research Data Flow:
3.5.2 Primary Research: Number Of Interviews Conducted
3.6 Approaches For Market Size Estimation:
3.6.1 Consumption & Net Trade Approach
3.6.2 Revenue Analysis Approach
3.7 Data Forecasting
3.7.1 Data Forecasting Technique
3.8 Data Modeling
3.8.1 Microeconomic Factor Analysis:
3.8.2 Data Modeling:
3.9 Teams And Analyst Contribution
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Growing Advantages Of Smart Grid Technology
4.2.2 Growing Need To Update From A Traditional Electricity Grid To A Smart Grid
4.2.3 Strong Government Focus On Grid Modernization
4.3 Restraints/ Challenges
4.3.1 Smart Grid Adoption Challenges
4.4 Opportunity
4.4.1 Demand Response With Volt/ Var Optimization For Unbalanced Active Distribution Systems
4.4.2 Growing Demand For Microgrids
4.4.3 Need For Conservation Voltage Reduction/ Volt Var Optimization Practices
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.2 Covid-19 Impact Analysis
6 Us Smart Grid Technology Market Insights
6.1 Technology Trend Analysis
6.1.1 Distribution Energy Resources (Ders)
6.1.2 Merging Electric Vehicles (Evs) Into Modern Life
6.1.3 Energy Storage
6.1.4 Microgrids
6.1.5 Artificial Intelligence (Ai)
6.2 Market/ Regulatory Trend Analysis
6.2.1 Leveraging Demand Response (Dr) Aggregators In Traditionally Regulated States
6.2.2 Importance Of Capacity/Availability
6.2.3 Increasing Non-wires Alternatives For Grid Relief
6.2.4 Accessing Federal Funding Programs For Utilities
6.3 Us Smart Grid Technology - Pestel Analysis
6.4 Us Smart Grid Technology - Swot Analysis
6.5 Us Regulatory Landscape Analysis
6.5.1 Grid Modernization Initiative (Gmi)
6.6 Us Smart Grid Deployment Efforts
6.7 Major Projects Across Us
6.8 Maturity Levels And Deployment Trends Of Smart Grid Technologies
6.9 Cvr Investments Expand The Capability, Benefits Of Smart Grid Deployments
6.9.1 Standardizing Conservation Voltage Reduction Measurement & Verification
6.10 Policies, Regulatory Frameworks, Initiatives: Actions And Milestones
6.10.1 Technology Development: Actions And Milestones
6.10.2 Policy And Regulatory Framework: Actions And Milestones
6.11 Conclusion
7 Us Smart Grid Volt-var Control Technologies Market, By Volt-var Control Technologies
7.1 Overview
7.2 Capacitor Bank
7.3 On-line Tap Changer (Oltc) Control
7.4 Smart Pv Inverters
7.5 Voltage Optimization (Vo) Technology
7.5.1 Us Voltage Optimization (Vo) Technology Market, By Type
7.5.1.1 Fixed Voltage Reduction
7.5.1.2 Variable Voltage Reduction
7.5.2 Us Voltage Optimization (Vo) Technology Market, By Voltage
7.5.2.1 Low
7.5.2.2 High
7.6 Others
8 Us Smart Grid Volt-var Control Technologies Market, By Region