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Almira Coyne

Volt/VAr Management Market Is Projected to Reach $568 Million by 2024 | Apr 1, 2021 - ReleaseWire - 0 views

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    According to the new market research report "Volt/VAr Management Market by Application (Distribution, Transmission, and Generation), Component (Hardware and Software and Services), End-User (Electric Utility and Industrial), and Region - Global Forecast to 2024" The global volt/VAr management market is estimated to be worth USD 427 million in 2019 and is projected to reach USD 568 million by 2024, growing at a CAGR of 5.9%, during the forecast period. The market is set to grow due to a focus on the reduction of electricity losses in power distribution, a need to optimize power factor, and rising electricity demand.
Almira Coyne

https://www.abnewswire.com/pressreleases/voltvar-management-market-is-projected-to-reach-568-million-by-2024-leading-key-players-are-abb-schneider-electric-siemens-ge-eaton-utilidata-varentec_531415.html - 0 views

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    The global volt/VAr management market is estimated to be worth USD 427 million in 2019 and is projected to reach USD 568 million by 2024, growing at a CAGR of 5.9%, during the forecast period. The market is set to grow due to a focus on the reduction of electricity losses in power distribution, a need to optimize power factor, and rising electricity demand.
Almira Coyne

Volt/VAr Management Market Worth $568 Million by 2024 - Exclusive Report by MarketsandMarkets™ - 0 views

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    the global Volt/VAr Management Market is estimated to be worth USD 427 million in 2019 and is projected to reach USD 568 million by 2024, growing at a CAGR of 5.9%, during the forecast period. The market is set to grow due to a focus on the reduction of electricity losses in power distribution, a need to optimize power factor, and rising electricity demand. The distribution segment is expected to hold the largest share of the Volt/VAr Management Market, by application, during the forecast period. The distribution segment is driven by investments in smart grids and a need to reduce power outages and faults in distribution feeders. Upcoming plans for upgrading the existing infra and new T&D projects in economies such as the US, China, India, the UK, France, Spain, Norway, Denmark, Belgium, and Ireland are expected to boost the Volt/VAr Management Market growth during the forecast period.
Almira Coyne

Volt/VAr Management Market is Expected to Create New Prospects in Near Future - 0 views

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    The global volt/VAr management market is estimated to be worth USD 427 million in 2019 and is projected to reach USD 568 million by 2024, growing at a CAGR of 5.9%, during the forecast period. The market is set to grow due to a focus on the reduction of electricity losses in power distribution, a need to optimize power factor, and rising electricity demand.
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