Static VAR Compensator (SVC) Market – Global Outlook and Forecast 2022-2028

SVC reactive compensation device is static reactive compensation device.A device consisting of a capacitor and various reactance elements connected in parallel with the system and supplying or absorbing reactive power from the system, referred to as static complement.The main part of the device has no mechanical moving parts and its output reactive power can be changed rapidly to maintain or control certain parameters of the power system.

This report contains market size and forecasts of Static VAR Compensator (SVC) in global, including the following market information:

Global Static VAR Compensator (SVC) Market Revenue, 2017-2022, 2023-2028, ($ millions)

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Global Static VAR Compensator (SVC) Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Static VAR Compensator (SVC) companies in 2021 (%)

The global Static VAR Compensator (SVC) market was valued at 673.1 million in 2021 and is projected to reach US$ 778.8 million by 2028, at a CAGR of 2.1% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Controllable Saturation Shunt Reactance Type (CSR) Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Static VAR Compensator (SVC) include Rongxin Power Electronic (China), ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric (U.S.), Eaton Corp plc (Ireland), American Electric Power (U.S.), Hyosung (South Korea), NR Electric Co. Ltd. (China) and Mitsubishi Electric Corp. (Japan) and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Static VAR Compensator (SVC) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Static VAR Compensator (SVC) Market, by Control, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Static VAR Compensator (SVC) Market Segment Percentages, by Control, 2021 (%)

Controllable Saturation Shunt Reactance Type (CSR)

Self-Saturated Parallel Reactance Type (SR)

Thyristor Controlled Parallel Reactance Type (TCR)

Thyristor Controlled Transformer Type (TCT)

Thyristor Switching Shunt Capacitor Type (TSC)

Thyristor Switching Reactor (TSR)

Global Static VAR Compensator (SVC) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Static VAR Compensator (SVC) Market Segment Percentages, by Application, 2021 (%)

Electric Utility

Renewable Industrial

Railway

Steel & Mining

Oil & Gas

Others

Global Static VAR Compensator (SVC) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Static VAR Compensator (SVC) Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Static VAR Compensator (SVC) revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Static VAR Compensator (SVC) revenues share in global market, 2021 (%)

Key companies Static VAR Compensator (SVC) sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Static VAR Compensator (SVC) sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Rongxin Power Electronic (China)

ABB Ltd. (Switzerland)

Siemens AG (Germany)

General Electric (U.S.)

Eaton Corp plc (Ireland)

American Electric Power (U.S.)

Hyosung (South Korea)

NR Electric Co. Ltd. (China)

Mitsubishi Electric Corp. (Japan)

American Superconductor Corp. (U.S.)

Table of content

1 Introduction to Research & Analysis Reports
1.1 Static VAR Compensator (SVC) Market Definition
1.2 Market Segments
1.2.1 Market by Control
1.2.2 Market by Application
1.3 Global Static VAR Compensator (SVC) Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Static VAR Compensator (SVC) Overall Market Size
2.1 Global Static VAR Compensator (SVC) Market Size: 2021 VS 2028
2.2 Global Static VAR Compensator (SVC) Revenue, Prospects & Forecasts: 2017-2028
2.3 Global Static VAR Compensator (SVC) Sales: 2017-2028
3 Company Landscape
3.1 Top Static VAR Compensator (SVC) Players in Global Market
3.2 Top Global Static VAR Compensator (SVC) Companies Ranked by Revenue
3.3 Global Static VAR Compensator (SVC) Revenue by Companies
3.4 Global Static VAR Compensator (SVC) Sales by Companies
3.5 Global Static VAR Compensator (SVC) Price by Manufacturer (2017-2022)
3.6 Top 3 and Top 5 Static VAR Compensator (SVC) Companies in Global Market, by Revenue in 2021
3.7 Global Manufacturers Static VAR Compensator (SVC) Product Type
3.8 Tier 1, Tier 2 and Tier 3 Static VAR Compensator (SVC) Players in Global Market
3.8.1 List of Global Tier 1 Static VAR Compensator (SVC) Companies
3.8.2 List of G

 

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