DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/fc3nrh/global_market_for) has announced the addition of the "Global Market for Dynamic Volt/VAR Control Architecture 2015-2019" report to their offering.
The analysts forecast the global market for dynamic volt VAR control architecture to grow at a CAGR of 15.7% during 2014-2019.
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.
The 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.
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.
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
Key Topics Covered:
- 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 more information visit http://www.researchandmarkets.com/research/fc3nrh/global_market_for
