Report overview
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)
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.)
