Stratview Research announces the launch of a new research report on the Volt/VAr Management Market is Segmented by Application Type (Distribution, Transmission, and Generation), by Component Type (Hardware and Software & Services), by End-User Type (Electric Utility and Industrial), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Volt/VAr Management Market consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
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The report delivers a detailed view of the industry based on Volt/VAr Management Market size, market growth, and opportunities. The report also analyses market key aspects such as-
Highlights from the Report
Volt/VAr Management Market is likely to witness an impressive CAGR of 6.0% during the forecast period. The growing demand for high voltage application and reduction in power is driving the market during forecast period.
In terms of regions, North America is expected to dominate the volt/var management market during the forecast period. The region’s growth is attributed to the increasing investment in volt/VAr and renewable energy projects in the utility sector and reduction in power loss. Countries such as the US and Canada are expected to grow at the fastest rate during the forecast period.
According to the report, the key players of the market are –
Customization of the Report:
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North America is expected to dominate the Volt/VAr management market during the forecast period.
The electric utility segment is expected to be the larger end user type in the Volt/VAr management market during the next five years.