Volt/VAr Management Market Opportunities in Key Application Sectors by 2022
The global volt/VAr management market is projected to reach USD 527.1 million by 2022, growing at a CAGR of 5.73%, from 2017 to 2022. This market growth is primarily driven by the increasing emphasis on reduction of distribution losses, optimization of power factor, reduction in operational costs, distributed energy generation complexity, and rising demand for electricity.
North America would continue...