Static Var Compensator (Svc) Market was valued at USD 643.6 Million in 2014 and is estimated to reach USD 807.7 Million by 2020, at a CAGR of 3%.
Static VAR compensators, commonly referred to as SVC, are power quality devices used in power electronics to control the flow of reactive power in connected systems. It provides fast-acting reactive power compensation in high voltage electrical systems. In other words, the static VAR compensator regulates and controls the voltage on the device to the required set point, providing fast-acting reactive power in the electrical transmission network.
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Key players operating in this market are Rongxin Power Electronic Co., Ltd. (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), and American Superconductor Corp. (U.S.).
Global SVC Market, By Type
- Thyristor-based
- TCR-FC
- TCR-TSC
- MCR-based
SVC Market, By Component
- Power electronic device
- Harmonic filter
- Thyristor
- Reactor
- Capacitor bank
- GIS switchgear
- Phase shifting transformer (PST)
- Surge arrester
- Control protection system
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Scope of the Report
The research study analyzes the global Static Var Compensator industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Static Var Compensator Market Report
1. What was the Static Var Compensator Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Static Var Compensator Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Static Var Compensator Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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