A recent report from Navigant Research analyzes the global market for dynamic volt/volt-ampere reactive (VAR) solutions and components, including global market forecasts for revenue, segmented by region, solution type, and component segment, through 2023.
Making the power grid more flexible, resilient, and efficient is the single most important objective for electric utilities today. A number of voltage-adjustment and reactive power correction technologies, grouped under the heading of dynamic voltage and VAR control architectures (DVCAs), can help ensure power delivery that is both reliable at peak loads and continuously efficient. According to a recent report from Navigant Research, cumulative worldwide investment in DVCA technologies is expected to total nearly $17.7 billion from 2014 through 2023.
“Electricity loads are becoming more variable and intermittent sources are becoming a larger portion of the energy supply, increasing the need for advanced, controllable DVCA technologies,” says James McCray, senior research analyst with Navigant Research. “These solutions serve as oil in the machinery, keeping transformers, generators, transmission lines, and distribution systems from overheating, reducing the risk of being retired or upgraded before the end of their intended lifespan.”
Smart grids designed with DVCA can be flexible and active throughout the distribution system, with flexible volt/VAR control (VVC) at primary substations and distribution circuits, active power electronics at the edge of the grid, and VVC embedded in smart electric vehicle EV chargers and smart photovoltaic (PV) inverters. Most of this technology exists today, according to the report, and many major utilities have various types of DVCA solutions in pilot programs.
The report, “Dynamic Volt/VAR Control Architectures”, analyzes the global market for DVCA solutions and components, with a focus on communications, VVC devices, distribution management system (DMS) VVC applications, and VVC analytics. It provides an analysis of the market issues, including trends, drivers, and benefits, related to DVCA solutions. Global market forecasts for revenue, segmented by region, solution type, and component segment, extend through 2023. The report also examines the key technologies, as well as the competitive landscape, associated with DVCA systems and solutions for the medium-voltage and low-voltage distribution grid.