US Smart Grid Volt-Var Control Technologies Market is predicted to reach USD 233.6 million at a CAGR of 6.3% during the forecast period 2024-2032

Market Research Future (MRFR) has published on the “Global US Smart Grid Volt-Var Control Technologies Market”.

The US Smart Grid Volt-Var Control Technologies market is estimated to register a CAGR of 6.3% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the US Smart Grid Volt-Var Control Technologies market ETAP, Hitachi, GE, ABB Group, Eaton, Siemens, Schneider Electric, Mitsubishi Electric, American Superconductor Corporation, and Varentec Corporation.

US Smart Grid Volt-Var Control Technologies Market Highlights

The US Smart Grid Volt-Var Control Technologies market is accounted for to register a CAGR of 6.3% during the forecast period and is estimated to reach USD 233.6 million by 2032.

With the recent mandate to install smart energy meters in the United States and throughout the world, Smart Grids are emerging as the definitive option for controlling the grids of the future. The Smart Grid provides an extraordinary potential to usher in a new age of dependability, availability, and efficiency in the energy business, benefiting both the economy and the environment. During the transition time, it will be necessary to conduct testing, enhance technology, educate consumers, set standards and laws, and share information amongst projects to guarantee that the advantages of the Smart Grid become a reality. A smart grid is an improved version of the energy grid that incorporates a variety of sophisticated technologies to increase the system's dependability, efficiency, and security.

Unlike traditional energy grids, which operate in a one-way distribution paradigm from producer to consumer, smart grids use IoT technology to create a new, intelligence-based approach that includes monitoring capabilities. This updated strategy is based on two main elements: energy and data. Smart meters enable the real-time interchange of data, providing accurate insights into when and how power is consumed. IoT devices and technologies then allow power grids to interact with one another in order to properly balance supply and demand, avoiding network overloads and resulting in a more secure electricity supply.

Smart grid technologies have numerous important advantages, the most noteworthy of which is their capacity to manage energy supply and demand balances. This function is crucial given the inherent difficulties of storing power and the repercussions of failing to fulfil demand. Simply defined, when there is a demand for power, energy providers must quickly deliver the necessary amount of energy to the grid. If the energy supply is insufficient, the frequency decreases, and when it reaches a certain level, an automatic load-shedding mechanism is activated to prevent disruptions. If frequency continues to fall, power plants may shut down consecutively, resulting in a full grid failure, sometimes known as a power blackout. On the other side, when there is too much electricity in the power system and insufficient demand, the electrical frequency rises. And, because some power plants can only function within a specific frequency range, they may get disconnected from the power grid as a result.

Segment Analysis

The US Smart Grid Volt-Var Control Technologies market has been segmented based on Volt-Var Control Technologies and Region

Based on volt-var control technologies, the market is segmented into Below Capacitor Bank, On-Line Tap Changer (OLTC) Control, Smart PV Inverters, Voltage Optimization (VO) Technology, Others. The On-Line Tap Changer (OLTC) Control segment was attributed to holding the largest market share in 2022 with a market share of ~33.6% revenue as estimated by MRFR analysts.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of US Smart Grid Volt-Var Control Technologies Market Research Report

Regional Analysis

The US Smart Grid Volt-Var Control Technologies market, based on region, has been divided into Northeast, Southwest, West, Southeast, and Midwest.

Southeast has been a large market for US smart grid volt-var control technologies.

Based on Region, the US Smart Grid Volt-Var Control Technologies is segmented into Northeast, Southwest, West, Southeast, and Midwest. Increased investments in volt/VAr management would result from lower power losses. In addition, this would increase the need for volt/VAr management in North America. During the projected period, U.S. market is expected to rise rapidly. The overall number of colocation data centers in the region is rapidly increasing, presenting attractive opportunities for enterprises in the power distribution sector in U.S. government announced plans to spend US$10 billion to create new electric networks in 2020 to lower the rate of curtailment on the Western Transmission and Distribution (T&D) Network.

The growing emphasis on replacing traditional electrical equipment with new, high-quality systems will drive the market demand. According to Greentech media, Utilities in the U.S. are recognizing the benefits of using IOT technology to manage voltage and reactive power (VARs) at a granular level. Over the last decade, utilities have installed advanced VVC solutions across 15 percent of the United States. New research shows that the volt/VAR market will continue to grow steadily until the late 2025s, presenting an opportunity for equipment manufacturers. The development path for the smart grid has reached an inflection point in the United States. More than 50 million smart meters are slated to be installed by 2019 and deployment of new grid and customer applications is accelerating, driven in part by an infusion of federal government stimulus funds.

Key Findings of the Study

• The US Smart Grid Volt-Var Control Technologies market is expected to reach USD 233.6 million by 2032, at a CAGR of 6.3% during the forecast period.


• The Southeast region accounted for the fastest-growing global market, as it has the region’s large manufacturing and logistics industries.


• Based on sport type, the football segment was attributed to holding the largest market in 2022, with an approximate market share of 7.0%.


• The key players in the market ETAP, Hitachi, GE, ABB Group, Eaton, Siemens, Schneider Electric, Mitsubishi Electric, American Superconductor Corporation, and Varentec Corporation.