Global Volt Var Management Market Size & Outlook
The global volt var management market size was estimated at USD 481.0 million in 2023 and is projected to reach USD 715.1 million by 2030, growing at a CAGR of 5.8% from 2024 to 2030.
Revenue, 2023 (US$M)
$481.0
Forecast, 2030 (US$M)
$715.1
CAGR, 2024 - 2030
5.8%
Report Coverage
Worldwide
Global volt var management market, 2018-2030 (US$M)
Global volt var management market highlights
- The global volt var management market generated a revenue of USD 481.0 million in 2023 and is expected to reach USD 715.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.8% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 481.0 million in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 481.0 million |
| Market revenue in 2030 | USD 715.1 million |
| Growth rate | 5.8% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
Other key industry trends
- In terms of revenue, the North America accounted for 39.9% of the global volt var management market in 2023.
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Volt VAR Management Market Scope
Volt var management market segmentation & scope
Application
Distribution
Transmission
Generation
Countries
U.S.
Canada
Mexico
UK
Italy
Germany
France
Spain
China
India
Japan
South Korea
Brazil
Argentina
Volt VAR Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| S&C Electric Company | View profile | 1001-5000 | Chicago, Illinois, United States, North America | https://www.sandc.com/en |
| General Electric | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.ge.com |
| Landis+Gyr Group AG | View profile | 7750 | Alte Steinhauserstrasse 18, Cham, Switzerland, CH-6330 | https://www.landisgyr.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
Global volt var management market size, by regions, 2018-2030 (US$M)
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