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PUBLISHER: Market Research Future | PRODUCT CODE: 1473729
PUBLISHER: Market Research Future | PRODUCT CODE: 1473729
US Smart Grid Volt-Var Control Technologies Forecast to 2032
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PAGES: 133 Pages
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Market Overview
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.
TABLE OF CONTENTS
1EXECUTIVE SUMMARY
2MARKET INTRODUCTION
- 2.1DEFINITION
- 2.2SCOPE OF THE STUDY
- 2.3RESEARCH OBJECTIVE
- 2.4MARKET STRUCTURE
3RESEARCH METHODOLOGY
- 3.1OVERVIEW
- 3.2DATA FLOW
- 3.2.1DATA MINING PROCESS
- 3.3PURCHASED DATABASE:
- 3.4SECONDARY SOURCES:
- 3.4.1SECONDARY RESEARCH DATA FLOW:
- 3.5PRIMARY RESEARCH:
- 3.5.1PRIMARY RESEARCH DATA FLOW:
- 3.5.2PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.6APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1CONSUMPTION & NET TRADE APPROACH
- 3.6.2REVENUE ANALYSIS APPROACH
- 3.7DATA FORECASTING
- 3.7.1DATA FORECASTING TECHNIQUE
- 3.8DATA MODELING
- 3.8.1MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2DATA MODELING:
- 3.9TEAMS AND ANALYST CONTRIBUTION
4MARKET DYNAMICS
- 4.1INTRODUCTION
- 4.2DRIVERS
- 4.2.1GROWING ADVANTAGES OF SMART GRID TECHNOLOGY
- 4.2.2GROWING NEED TO UPDATE FROM A TRADITIONAL ELECTRICITY GRID TO A SMART GRID
- 4.2.3STRONG GOVERNMENT FOCUS ON GRID MODERNIZATION
- 4.3RESTRAINTS/ CHALLENGES
- 4.3.1SMART GRID ADOPTION CHALLENGES
- 4.4OPPORTUNITY
- 4.4.1DEMAND RESPONSE WITH VOLT/ VAR OPTIMIZATION FOR UNBALANCED ACTIVE DISTRIBUTION SYSTEMS
- 4.4.2GROWING DEMAND FOR MICROGRIDS
- 4.4.3NEED FOR CONSERVATION VOLTAGE REDUCTION/ VOLT VAR OPTIMIZATION PRACTICES
5MARKET FACTOR ANALYSIS
- 5.1SUPPLY CHAIN ANALYSIS
- 5.2COVID-19 IMPACT ANALYSIS
6US SMART GRID TECHNOLOGY MARKET INSIGHTS
- 6.1TECHNOLOGY TREND ANALYSIS
- 6.1.1DISTRIBUTION ENERGY RESOURCES (DERS)
- 6.1.2MERGING ELECTRIC VEHICLES (EVS) INTO MODERN LIFE
- 6.1.3ENERGY STORAGE
- 6.1.4MICROGRIDS
- 6.1.5ARTIFICIAL INTELLIGENCE (AI)
- 6.2MARKET/ REGULATORY TREND ANALYSIS
- 6.2.1LEVERAGING DEMAND RESPONSE (DR) AGGREGATORS IN TRADITIONALLY REGULATED STATES
- 6.2.2IMPORTANCE OF CAPACITY/AVAILABILITY
- 6.2.3INCREASING NON-WIRES ALTERNATIVES FOR GRID RELIEF
- 6.2.4ACCESSING FEDERAL FUNDING PROGRAMS FOR UTILITIES
- 6.3US SMART GRID TECHNOLOGY - PESTEL ANALYSIS
- 6.4US SMART GRID TECHNOLOGY - SWOT ANALYSIS
- 6.5US REGULATORY LANDSCAPE ANALYSIS
- 6.5.1GRID MODERNIZATION INITIATIVE (GMI)
- 6.6US SMART GRID DEPLOYMENT EFFORTS
- 6.7MAJOR PROJECTS ACROSS US
- 6.8MATURITY LEVELS AND DEPLOYMENT TRENDS OF SMART GRID TECHNOLOGIES
- 6.9CVR INVESTMENTS EXPAND THE CAPABILITY, BENEFITS OF SMART GRID DEPLOYMENTS
- 6.9.1STANDARDIZING CONSERVATION VOLTAGE REDUCTION MEASUREMENT & VERIFICATION
- 6.10POLICIES, REGULATORY FRAMEWORKS, INITIATIVES: ACTIONS AND MILESTONES
- 6.10.1TECHNOLOGY DEVELOPMENT: ACTIONS AND MILESTONES
- 6.10.2POLICY AND REGULATORY FRAMEWORK: ACTIONS AND MILESTONES
- 6.11CONCLUSION
7US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY VOLT-VAR CONTROL TECHNOLOGIES
- 7.1OVERVIEW
- 7.2CAPACITOR BANK
- 7.3ON-LINE TAP CHANGER (OLTC) CONTROL
- 7.4SMART PV INVERTERS
- 7.5VOLTAGE OPTIMIZATION (VO) TECHNOLOGY
- 7.5.1US VOLTAGE OPTIMIZATION (VO) TECHNOLOGY MARKET, BY TYPE
- 7.5.1.1FIXED VOLTAGE REDUCTION
- 7.5.1.2VARIABLE VOLTAGE REDUCTION
- 7.5.2US VOLTAGE OPTIMIZATION (VO) TECHNOLOGY MARKET, BY VOLTAGE
- 7.5.2.1LOW
- 7.5.2.2HIGH
- 7.5.1US VOLTAGE OPTIMIZATION (VO) TECHNOLOGY MARKET, BY TYPE
- 7.6OTHERS
8US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY REGION
- 8.1OVERVIEW
- 8.2NORTHEAST
- 8.3SOUTHWEST
- 8.4WEST
- 8.5SOUTHEAST
- 8.6MIDWEST
9COMPETITIVE LANDSCAPE
- 9.1INTRODUCTION
- 9.2MARKET SHARE ANALYSIS,98
- 9.3COMPETITOR DASHBOARD
- 9.4KEY DEVELOPMENTS & GROWTH STRATEGIES
- 9.4.1PRODUCT LAUNCH/PRODUCT APPROVAL/PRODUCT DEVELOPMET
10COMPANY PROFILE
- 10.1ABB LTD.
- 10.1.1COMPANY OVERVIEW
- 10.1.2FINANCIAL OVERVIEW
- 10.1.3PRODUCTS OFFERED
- 10.1.4KEY DEVELOPMENTS
- 10.1.5SWOT ANALYSIS
- 10.1.6KEY STRATEGIES
- 10.2SIEMENS.
- 10.2.1COMPANY OVERVIEW
- 10.2.2FINANCIAL OVERVIEW
- 10.2.3PRODUCTS OFFERED
- 10.2.4KEY DEVELOPMENTS
- 10.2.5SWOT ANALYSIS
- 10.2.6KEY STRATEGIES
- 10.3SCHNEIDER ELECTRIC.
- 10.3.1COMPANY OVERVIEW
- 10.3.2FINANCIAL OVERVIEW
- 10.3.3PRODUCTS OFFERED
- 10.3.4KEY DEVELOPMENTS
- 10.3.5SWOT ANALYSIS
- 10.3.6KEY STRATEGIES
- 10.4GENERAL ELECTRIC CO.
- 10.4.1COMPANY OVERVIEW
- 10.4.2FINANCIAL OVERVIEW
- 10.4.3PRODUCTS OFFERED
- 10.4.4KEY DEVELOPMENTS
- 10.4.5SWOT ANALYSIS
- 10.4.6KEY STRATEGIES
- 10.5EATON.
- 10.5.1COMPANY OVERVIEW
- 10.5.2FINANCIAL OVERVIEW
- 10.5.3PRODUCTS OFFERED
- 10.5.4KEY DEVELOPMENTS
- 10.5.5SWOT ANALYSIS
- 10.5.6KEY STRATEGIES
- 10.6ETAP
- 10.6.1COMPANY OVERVIEW
- 10.6.2FINANCIAL OVERVIEW
- 10.6.3PRODUCTS OFFERED
- 10.6.4KEY DEVELOPMENTS
- 10.6.5SWOT ANALYSIS
- 10.6.6KEY STRATEGIES
- 10.7HITACHI.
- 10.7.1COMPANY OVERVIEW
- 10.7.2FINANCIAL OVERVIEW
- 10.7.3PRODUCTS OFFERED
- 10.7.4KEY DEVELOPMENTS
- 10.7.5SWOT ANALYSIS
- 10.7.6KEY STRATEGIES
- 10.8MITSUBISHI ELECTRIC.
- 10.8.1COMPANY OVERVIEW
- 10.8.2FINANCIAL OVERVIEW
- 10.8.3PRODUCTS OFFERED
- 10.8.4KEY DEVELOPMENTS
- 10.8.5SWOT ANALYSIS
- 10.8.6KEY STRATEGIES
- 10.9AMERICAN SUPERCONDUCTOR CORPORATION.
- 10.9.1COMPANY OVERVIEW
- 10.9.2FINANCIAL OVERVIEW
- 10.9.3PRODUCTS OFFERED
- 10.9.4KEY DEVELOPMENTS
- 10.9.5SWOT ANALYSIS
- 10.9.6KEY STRATEGIES
- 10.10VARENTEC.
- 10.10.1COMPANY OVERVIEW
- 10.10.2FINANCIAL OVERVIEW
- 10.10.3PRODUCTS OFFERED
- 10.10.4KEY DEVELOPMENTS
- 10.10.5SWOT ANALYSIS
- 10.10.6KEY STRATEGIES
- 10.11DATA CITATIONS
LIST OF TABLES
- TABLE 1 MARKET SYNOPSIS
- TABLE 2 QFD MODELING FOR MARKET SHARE ASSESSMENT
- TABLE 3 KEY DIFFERENCES BETWEEN TRADITIONAL ELECTRICITY GRID AND SMART GRID
- TABLE 4 DEVICES AND SYSTEMS THAT SUPPORT DISTRIBUTION AUTOMATION (DA) APPLICATIONS
- TABLE 5 SUMMARY OF STATE LEVEL REGULATORY AND POLICY ACTIONS
- TABLE 6 US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY VOLT-VAR CONTROL TECHNOLOGIES, 2019-2032 (USD MILLION)
- TABLE 7 US VOLTAGE OPTIMIZATION (VO) TECHNOLOGY MARKET, BY TYPE, 2019-2032 (USD MILLION)
- TABLE 8 US VOLTAGE OPTIMIZATION (VO) TECHNOLOGY MARKET, BY VOLTAGE, 2019-2032 (USD MILLION)
- TABLE 9 US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY REGION, 2019-2032 (USD MILLION)
- TABLE 10 NORTHEAST US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY VOLT-VAR CONTROL TECHNOLOGIES, 2019-2032 (USD MILLION)
- TABLE 11 NORTHEAST US VOLTAGE OPTIMIZATION (VO) TECHNOLOGY MARKET, BY TYPE, 2019-2032 (USD MILLION)
- TABLE 12 NORTHEAST US VOLTAGE OPTIMIZATION (VO) TECHNOLOGY MARKET, BY VOLTAGE, 2019-2032 (USD MILLION)
- TABLE 13 SOUTHWEST US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY VOLT-VAR CONTROL TECHNOLOGIES, 2019-2032 (USD MILLION)
- TABLE 14 SOUTHWEST VOLTAGE OPTIMIZATION (VO) TECHNOLOGY MARKET, BY TYPE, 2019-2032 (USD MILLION)
- TABLE 15 SOUTHWEST US VOLTAGE OPTIMIZATION (VO) TECHNOLOGY MARKET, BY VOLTAGE, 2019-2032 (USD MILLION)
- TABLE 16 WEST US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY VOLT-VAR CONTROL TECHNOLOGIES, 2019-2032 (USD MILLION)
- TABLE 17 WEST US VOLTAGE OPTIMIZATION (VO) TECHNOLOGY MARKET, BY TYPE, 2019-2032 (USD MILLION)
- TABLE 18 WEST US VOLTAGE OPTIMIZATION (VO) TECHNOLOGY MARKET, BY VOLTAGE, 2019-2032 (USD MILLION)
- TABLE 19 SOUTHEAST US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY VOLT-VAR CONTROL TECHNOLOGIES, 2019-2032 (USD MILLION)
- TABLE 20 SOUTHEAST US VOLTAGE OPTIMIZATION (VO) TECHNOLOGY MARKET, BY TYPE, 2019-2032 (USD MILLION)
- TABLE 21 SOUTHEAST US VOLTAGE OPTIMIZATION (VO) TECHNOLOGY MARKET, BY VOLTAGE, 2019-2032 (USD MILLION)
- TABLE 22 MIDWEST US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY VOLT-VAR CONTROL TECHNOLOGIES, 2019-2032 (USD MILLION)
- TABLE 23 MIDWEST US VOLTAGE OPTIMIZATION (VO) TECHNOLOGY MARKET, BY TYPE, 2019-2032 (USD MILLION)
- TABLE 24 MIDWEST US VOLTAGE OPTIMIZATION (VO) TECHNOLOGY MARKET, BY VOLTAGE, 2019-2032 (USD MILLION)
- TABLE 25 PRODUCT LAUNCH/PRODUCT APPROVAL
- TABLE 26 ABB LTD: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED
- TABLE 27 SIEMENS: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED
- TABLE 28 SCHNEIDER ELECTRIC: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED
- TABLE 29 GENERAL ELECTRIC CO.: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED
- TABLE 30 EATON: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED
- TABLE 31 ETAP: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED
- TABLE 32 HITACHI: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED
- TABLE 33 MITSUBISHI ELECTRIC: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED
- TABLE 34 MITSUBISHI ELECTRIC: KEY DEVELOPMENTS
- TABLE 35 AMERICAN SUPERCONDUCTOR CORPORATION: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED
- TABLE 36 VARENTEC: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED
LIST OF FIGURES
- FIGURE 1US SMART GRID VOLT-VAR CONTROL TECHNOLOGIESMARKET: STRUCTURE
- FIGURE 2US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET: MARKET GROWTH FACTOR ANALYSIS (2022-2032)
- FIGURE 3SMART GRID TECHNOLOGY TRANSFORMING GRIDS THROUGH MULTIPLE BENEFITS
- FIGURE 4SMART GRID TECHNOLOGY BENEFITS
- FIGURE 5DRIVER IMPACT ANALYSIS (2023-2032)
- FIGURE 6OPPORTUNITY IMPACT FORECAST
- FIGURE 7SUPPLY CHAIN ANALYSIS: TRADITIONAL GRIDS
- FIGURE 8SUPPLY CHAIN ANALYSIS: SMART GRIDS
- FIGURE 9US SMART GRID TECHNOLOGY - PESTEL ANALYSIS
- FIGURE 10US SMART GRID TECHNOLOGY - SWOT ANALYSIS
- FIGURE 11GMI POLICIES AND SIX KEY PILLARS
- FIGURE 1Q3 2023 LEGISLATIVE AND REGULATORY ACTION ON GRID MODERNIZATION
- FIGURE 2SMART GRID MATURITY MODEL - LEVELS, DESCRIPTION, & RESULTS
- FIGURE 3SMART GRID TECHNOLOGY MATURITY CURVE - SMART-GRID TECHNOLOGIES DISPLAY HIGHLY VARIABLE LEVELS
OF MATURITY70
- FIGURE 4US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET; VOLT-VAR CONTROL TECHNOLOGIES SEGMENT
ATTRACTIVENESS, (USD MILLION)81
- FIGURE 5US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY VOLT-VAR CONTROL TECHNOLOGIES, 2022 &
(USD MILLION)82
- FIGURE 6US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY VOLT-VAR CONTROL TECHNOLOGIES, 2022 (% SHARE)
- FIGURE 7US MARKET ANALYSIS: SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, 2019-2032(USD MILLION)
- FIGURE 8US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY REGION, 2022 (% SHARE)
- FIGURE 9US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY REGION, 2022 VS 2032 (USD MILLION)
- FIGURE 10NORTHEAST US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY VOLT-VAR CONTROL TECHNOLOGIES,
2022 VS 2032 (USD MILLION)
- FIGURE 11SOUTHWEST US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY VOLT-VAR CONTROL TECHNOLOGIES,
2022 VS 2032 (USD MILLION)
- FIGURE 12WEST US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY VOLT-VAR CONTROL TECHNOLOGIES,
2022 VS 2032 (USD MILLION)
- FIGURE 13SOUTHEAST US GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY VOLT-VAR CONTROL TECHNOLOGIES,
2022 VS 2032 (USD MILLION)
- FIGURE 14MIDWEST GRID US VOLT-VAR CONTROL TECHNOLOGIES MARKET, BY VOLT-VAR CONTROL TECHNOLOGIES,
2022 VS 2032 (USD MILLION)
- FIGURE 15US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET PLAYERS: COMPETITIVE ANALSIS, 2022
- FIGURE 16COMPETITOR DASHBOARD: US SMART GRID VOLT-VAR CONTROL TECHNOLOGIES MARKET
- FIGURE 17ABB LTD: FINANCIAL OVERVIEW SNAPSHOT
- FIGURE 18ABB LTD: SWOT ANALYSIS
- FIGURE 19SIEMENS: FINANCIAL OVERVIEW SNAPSHOT
- FIGURE 20SIEMENS: SWOT ANALYSIS
- FIGURE 21SCHNEIDER ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT
- FIGURE 22SCHNEIDER ELECTRIC: SWOT ANALYSIS
- FIGURE 23GENERAL ELECTRIC CO.: FINANCIAL OVERVIEW SNAPSHOT
- FIGURE 24GENERAL ELECTRIC CO.: SWOT ANALYSIS
- FIGURE 25EATON: FINANCIAL OVERVIEW SNAPSHOT
- FIGURE 26EATON: SWOT ANALYSIS
- FIGURE 27ETAP: SWOT ANALYSIS
- FIGURE 28HITACHI: FINANCIAL OVERVIEW SNAPSHOT
- FIGURE 29HITACHI: SWOT ANALYSIS
- FIGURE 30MITSUBISHI ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT
- FIGURE 31MITSUBISHI ELECTRIC: SWOT ANALYSIS
- FIGURE 32AMERICAN SUPERCONDUCTOR CORPORATION: FINANCIAL OVERVIEW SNAPSHOT
- FIGURE 33AMERICAN SUPERCONDUCTOR CORPORATION: SWOT ANALYSIS
- FIGURE 34VARENTEC: SWOT ANALYSIS
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