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Static VAR Compensator (SVC)-Global Market Insights and Sales Trends 2025
Synopsis
A static VAR compensator is a set of electrical devices for providing fast-acting reactive power on high-voltage electricity transmission networks.
The global Static VAR Compensator (SVC) market size is expected to reach US$ 766.4 million by 2029, growing at a CAGR of 2.2% from 2023 to 2029. The market is mainly driven by the significant applications of Static VAR Compensator (SVC) in various end use industries. The expanding demands from the Transmission SVC and Industrial SVC, are propelling Static VAR Compensator (SVC) market. Thyristor-based, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the MCR-based segment is estimated at % CAGR for the next seven-year period.
The SVC is An Automated Impedance Matching Device, Designed To Bring The System Closer To Unity Power Factor. SVCs Are Used In Two Main Situations: Connected To The Power System, to Regulate The Transmission Voltage ("Transmission SVC"), connected Near Large Industrial Loads, to Improve Power Quality ("Industrial SVC").
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Static VAR Compensator (SVC), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Static VAR Compensator (SVC) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Static VAR Compensator (SVC) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Static VAR Compensator (SVC) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Static VAR Compensator (SVC) covered in this report include ABB, General Electric, Siemens, Mitsubishi Electric, Eaton, American Electric Power, Hyosung, Rongxin Power Electronic and American Superconductor, etc.
The global Static VAR Compensator (SVC) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
General Electric
Siemens
Mitsubishi Electric
Eaton
American Electric Power
Hyosung
Rongxin Power Electronic
American Superconductor
Nr Electric
Global Static VAR Compensator (SVC) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Static VAR Compensator (SVC) market, Segment by Type:
Thyristor-based
MCR-based
Global Static VAR Compensator (SVC) market, by Application
Transmission SVC
Industrial SVC
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Static VAR Compensator (SVC) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Static VAR Compensator (SVC) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A static VAR compensator is a set of electrical devices for providing fast-acting reactive power on high-voltage electricity transmission networks.
The global Static VAR Compensator (SVC) market size is expected to reach US$ 766.4 million by 2029, growing at a CAGR of 2.2% from 2023 to 2029. The market is mainly driven by the significant applications of Static VAR Compensator (SVC) in various end use industries. The expanding demands from the Transmission SVC and Industrial SVC, are propelling Static VAR Compensator (SVC) market. Thyristor-based, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the MCR-based segment is estimated at % CAGR for the next seven-year period.
The SVC is An Automated Impedance Matching Device, Designed To Bring The System Closer To Unity Power Factor. SVCs Are Used In Two Main Situations: Connected To The Power System, to Regulate The Transmission Voltage ("Transmission SVC"), connected Near Large Industrial Loads, to Improve Power Quality ("Industrial SVC").
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Static VAR Compensator (SVC), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Static VAR Compensator (SVC) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Static VAR Compensator (SVC) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Static VAR Compensator (SVC) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Static VAR Compensator (SVC) covered in this report include ABB, General Electric, Siemens, Mitsubishi Electric, Eaton, American Electric Power, Hyosung, Rongxin Power Electronic and American Superconductor, etc.
The global Static VAR Compensator (SVC) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
General Electric
Siemens
Mitsubishi Electric
Eaton
American Electric Power
Hyosung
Rongxin Power Electronic
American Superconductor
Nr Electric
Global Static VAR Compensator (SVC) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Static VAR Compensator (SVC) market, Segment by Type:
Thyristor-based
MCR-based
Global Static VAR Compensator (SVC) market, by Application
Transmission SVC
Industrial SVC
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Static VAR Compensator (SVC) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Static VAR Compensator (SVC) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Static VAR Compensator (SVC) Market Overview
1.1 Static VAR Compensator (SVC) Product Overview
1.2 Static VAR Compensator (SVC) Market Segment by Type
1.2.1 Thyristor-based
1.2.2 MCR-based
1.3 Global Static VAR Compensator (SVC) Market Size by Type
1.3.1 Global Static VAR Compensator (SVC) Market Size Overview by Type (2018-2029)
1.3.2 Global Static VAR Compensator (SVC) Historic Market Size Review by Type (2018-2023)
1.3.3 Global Static VAR Compensator (SVC) Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Static VAR Compensator (SVC) Sales Breakdown by Type (2018-2023)
1.4.2 Europe Static VAR Compensator (SVC) Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Static VAR Compensator (SVC) Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Static VAR Compensator (SVC) Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Static VAR Compensator (SVC) Sales Breakdown by Type (2018-2023)
2 Global Static VAR Compensator (SVC) Market Competition by Company
2.1 Global Top Players by Static VAR Compensator (SVC) Sales (2018-2023)
2.2 Global Top Players by Static VAR Compensator (SVC) Revenue (2018-2023)
2.3 Global Top Players by Static VAR Compensator (SVC) Price (2018-2023)
2.4 Global Top Manufacturers Static VAR Compensator (SVC) Manufacturing Base Distribution, Sales Area, Product Type
2.5 Static VAR Compensator (SVC) Market Competitive Situation and Trends
2.5.1 Static VAR Compensator (SVC) Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Static VAR Compensator (SVC) Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Static VAR Compensator (SVC) as of 2022)
2.7 Date of Key Manufacturers Enter into Static VAR Compensator (SVC) Market
2.8 Key Manufacturers Static VAR Compensator (SVC) Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Static VAR Compensator (SVC) Status and Outlook by Region
3.1 Global Static VAR Compensator (SVC) Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Static VAR Compensator (SVC) Historic Market Size by Region
3.2.1 Global Static VAR Compensator (SVC) Sales in Volume by Region (2018-2023)
3.2.2 Global Static VAR Compensator (SVC) Sales in Value by Region (2018-2023)
3.2.3 Global Static VAR Compensator (SVC) Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Static VAR Compensator (SVC) Forecasted Market Size by Region
3.3.1 Global Static VAR Compensator (SVC) Sales in Volume by Region (2024-2029)
3.3.2 Global Static VAR Compensator (SVC) Sales in Value by Region (2024-2029)
3.3.3 Global Static VAR Compensator (SVC) Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Static VAR Compensator (SVC) by Application
4.1 Static VAR Compensator (SVC) Market Segment by Application
4.1.1 Transmission SVC
4.1.2 Industrial SVC
4.2 Global Static VAR Compensator (SVC) Market Size by Application
4.2.1 Global Static VAR Compensator (SVC) Market Size Overview by Application (2018-2029)
4.2.2 Global Static VAR Compensator (SVC) Historic Market Size Review by Application (2018-2023)
4.2.3 Global Static VAR Compensator (SVC) Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Static VAR Compensator (SVC) Sales Breakdown by Application (2018-2023)
4.3.2 Europe Static VAR Compensator (SVC) Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Static VAR Compensator (SVC) Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Static VAR Compensator (SVC) Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Static VAR Compensator (SVC) Sales Breakdown by Application (2018-2023)
5 North America Static VAR Compensator (SVC) by Country
5.1 North America Static VAR Compensator (SVC) Historic Market Size by Country
5.1.1 North America Static VAR Compensator (SVC) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Static VAR Compensator (SVC) Sales in Volume by Country (2018-2023)
5.1.3 North America Static VAR Compensator (SVC) Sales in Value by Country (2018-2023)
5.2 North America Static VAR Compensator (SVC) Forecasted Market Size by Country
5.2.1 North America Static VAR Compensator (SVC) Sales in Volume by Country (2024-2029)
5.2.2 North America Static VAR Compensator (SVC) Sales in Value by Country (2024-2029)
6 Europe Static VAR Compensator (SVC) by Country
6.1 Europe Static VAR Compensator (SVC) Historic Market Size by Country
6.1.1 Europe Static VAR Compensator (SVC) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Static VAR Compensator (SVC) Sales in Volume by Country (2018-2023)
6.1.3 Europe Static VAR Compensator (SVC) Sales in Value by Country (2018-2023)
6.2 Europe Static VAR Compensator (SVC) Forecasted Market Size by Country
6.2.1 Europe Static VAR Compensator (SVC) Sales in Volume by Country (2024-2029)
6.2.2 Europe Static VAR Compensator (SVC) Sales in Value by Country (2024-2029)
7 Asia-Pacific Static VAR Compensator (SVC) by Region
7.1 Asia-Pacific Static VAR Compensator (SVC) Historic Market Size by Region
7.1.1 Asia-Pacific Static VAR Compensator (SVC) Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Static VAR Compensator (SVC) Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Static VAR Compensator (SVC) Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Static VAR Compensator (SVC) Forecasted Market Size by Region
7.2.1 Asia-Pacific Static VAR Compensator (SVC) Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Static VAR Compensator (SVC) Sales in Value by Region (2024-2029)
8 Latin America Static VAR Compensator (SVC) by Country
8.1 Latin America Static VAR Compensator (SVC) Historic Market Size by Country
8.1.1 Latin America Static VAR Compensator (SVC) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Static VAR Compensator (SVC) Sales in Volume by Country (2018-2023)
8.1.3 Latin America Static VAR Compensator (SVC) Sales in Value by Country (2018-2023)
8.2 Latin America Static VAR Compensator (SVC) Forecasted Market Size by Country
8.2.1 Latin America Static VAR Compensator (SVC) Sales in Volume by Country (2024-2029)
8.2.2 Latin America Static VAR Compensator (SVC) Sales in Value by Country (2024-2029)
9 Middle East and Africa Static VAR Compensator (SVC) by Country
9.1 Middle East and Africa Static VAR Compensator (SVC) Historic Market Size by Country
9.1.1 Middle East and Africa Static VAR Compensator (SVC) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Static VAR Compensator (SVC) Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Static VAR Compensator (SVC) Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Static VAR Compensator (SVC) Forecasted Market Size by Country
9.2.1 Middle East and Africa Static VAR Compensator (SVC) Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Static VAR Compensator (SVC) Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Static VAR Compensator (SVC) Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Static VAR Compensator (SVC) Products Offered
10.1.5 ABB Recent Development
10.2 General Electric
10.2.1 General Electric Company Information
10.2.2 General Electric Introduction and Business Overview
10.2.3 General Electric Static VAR Compensator (SVC) Sales, Revenue and Gross Margin (2018-2023)
10.2.4 General Electric Static VAR Compensator (SVC) Products Offered
10.2.5 General Electric Recent Development
10.3 Siemens
10.3.1 Siemens Company Information
10.3.2 Siemens Introduction and Business Overview
10.3.3 Siemens Static VAR Compensator (SVC) Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Siemens Static VAR Compensator (SVC) Products Offered
10.3.5 Siemens Recent Development
10.4 Mitsubishi Electric
10.4.1 Mitsubishi Electric Company Information
10.4.2 Mitsubishi Electric Introduction and Business Overview
10.4.3 Mitsubishi Electric Static VAR Compensator (SVC) Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Mitsubishi Electric Static VAR Compensator (SVC) Products Offered
10.4.5 Mitsubishi Electric Recent Development
10.5 Eaton
10.5.1 Eaton Company Information
10.5.2 Eaton Introduction and Business Overview
10.5.3 Eaton Static VAR Compensator (SVC) Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Eaton Static VAR Compensator (SVC) Products Offered
10.5.5 Eaton Recent Development
10.6 American Electric Power
10.6.1 American Electric Power Company Information
10.6.2 American Electric Power Introduction and Business Overview
10.6.3 American Electric Power Static VAR Compensator (SVC) Sales, Revenue and Gross Margin (2018-2023)
10.6.4 American Electric Power Static VAR Compensator (SVC) Products Offered
10.6.5 American Electric Power Recent Development
10.7 Hyosung
10.7.1 Hyosung Company Information
10.7.2 Hyosung Introduction and Business Overview
10.7.3 Hyosung Static VAR Compensator (SVC) Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Hyosung Static VAR Compensator (SVC) Products Offered
10.7.5 Hyosung Recent Development
10.8 Rongxin Power Electronic
10.8.1 Rongxin Power Electronic Company Information
10.8.2 Rongxin Power Electronic Introduction and Business Overview
10.8.3 Rongxin Power Electronic Static VAR Compensator (SVC) Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Rongxin Power Electronic Static VAR Compensator (SVC) Products Offered
10.8.5 Rongxin Power Electronic Recent Development
10.9 American Superconductor
10.9.1 American Superconductor Company Information
10.9.2 American Superconductor Introduction and Business Overview
10.9.3 American Superconductor Static VAR Compensator (SVC) Sales, Revenue and Gross Margin (2018-2023)
10.9.4 American Superconductor Static VAR Compensator (SVC) Products Offered
10.9.5 American Superconductor Recent Development
10.10 Nr Electric
10.10.1 Nr Electric Company Information
10.10.2 Nr Electric Introduction and Business Overview
10.10.3 Nr Electric Static VAR Compensator (SVC) Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Nr Electric Static VAR Compensator (SVC) Products Offered
10.10.5 Nr Electric Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Static VAR Compensator (SVC) Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Static VAR Compensator (SVC) Industrial Chain Analysis
11.4 Static VAR Compensator (SVC) Market Dynamics
11.4.1 Static VAR Compensator (SVC) Industry Trends
11.4.2 Static VAR Compensator (SVC) Market Drivers
11.4.3 Static VAR Compensator (SVC) Market Challenges
11.4.4 Static VAR Compensator (SVC) Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Static VAR Compensator (SVC) Distributors
12.3 Static VAR Compensator (SVC) Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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