Volt/VAR Management Market By New Business Developments, Innovations, And Top Companies, 2030
Volt/VAR Management Market Analysis: Volt/VAR Management Market is expected to grow at 6.50% CAGR during the forecast period. Volt VAR is a management system capable of regulating voltage levels without affecting any operational functions in industries. It can assist grids in achieving optimum efficiency, system losses, and high energy demand. The global Volt VAR management market report compiled by Market Research Future (MRFR) considers the drivers and challenges to affect the industry for the period of 2022 to 2030 (forecast period). The outbreak of the COVID-19 virus and the rules of lockdown on the industry are explored in the report. Market Scope: Rising demand for power, focus for reducing transmission/distribution losses, and rising cost of electricity can drive the market demand. Favorable regulations launched by government for ensuring a constant stream of electricity to citizens and lowering the possibility of fluctuations during peak demand can favor the market....