The Key Players in Global Dynamic Volt/VAR Control Architecture Market 2015-2019

Wednesday 29 July 2015, Amsterdam

The report recognizes the following companies as the 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.

Commenting on the report, an analyst said: “The rising need for better energy efficiency is one of the primary trends observed in this market. Many power utilities have started adopting smart grid technologies and networking solutions to achieve the overall goal of creating an efficient smart grid system. A smart grid consists of a monitoring system where the use of electricity is tracked in detail and imbalances are taken care of.”

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.

Further, the report states that the high initial cost of implementing Volt/VAR control architecture is one of the major challenges that negatively influences market growth. Upgrading a country’s electricity grid into a smart grid involves high installation costs. Large public utilities can recover the money invested because of the large consumer base. However, small utilities find it difficult to invest and recover their capital.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Global Market for Dynamic Volt/VAR Control Architecture 2015-2019

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

Publish date : July 2015
Report code : ASDR-210897
Pages : 79

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