Static Var Compensator and Static Var Generator Market

A static VAR compensator is a set of electrical devices for providing fast-acting reactive power on high-voltage electricity transmission networks. SVCs are part of the Flexible AC transmission system device family, regulating voltage, power factor, harmonics and stabilizing the system. A static VAR compensator has no significant moving parts (other than internal switchgear).

SVG is also called STATCOM is a shunt device, which uses force-commutated power electronics (i.e. GTO, IGBT) to control power flow and improve transient stability on electrical power networks. It is also a member of the so-called Flexible AC Transmission System (FACTS) devices. The STATCOM basically performs the same function as the static var compensators but with some advantages.

Static Var Compensator and Static Var Generator Market contains market size and forecasts of Static Var Compensator and Static Var Generator in global, including the following market information:

Global Static Var Compensator and Static Var Generator Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Static Var Compensator and Static Var Generator Market Sales, 2017-2022, 2023-2028, (M Var)

Global top five Static Var Compensator and Static Var Generator companies in 2021 (%)

The global Static Var Compensator and Static Var Generator market was valued at 1470.4 million in 2021 and is projected to reach US$ 2000.7 million by 2028, at a CAGR of 4.5% during the forecast period.

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

Static Var Compensator Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Static Var Compensator and Static Var Generator include ABB, Siemens, Rongxin Power Electronic, Sieyuan Electric, Mitsubishi Electric, Hitachi, Toshiba, S&C Electric and GE, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Static Var Compensator and Static Var Generator 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 and Static Var Generator Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (M Var)

Global Static Var Compensator and Static Var Generator Market Segment Percentages, by Type, 2021 (%)

Static Var Compensator

Static Var Generator

Global Static Var Compensator and Static Var Generator Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (M Var)

Global Static Var Compensator and Static Var Generator Market Segment Percentages, by Application, 2021 (%)

Renewable Energy

Electric Utilities

Industrial & Manufacturing

Other

Global Static Var Compensator and Static Var Generator Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (M Var)

Global Static Var Compensator and Static Var Generator 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 and Static Var Generator revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Static Var Compensator and Static Var Generator revenues share in global market, 2021 (%)

Key companies Static Var Compensator and Static Var Generator sales in global market, 2017-2022 (Estimated), (M Var)

Key companies Static Var Compensator and Static Var Generator sales share in global market, 2021 (%)

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

ABB

Siemens

Rongxin Power Electronic

Sieyuan Electric

Mitsubishi Electric

Hitachi

Toshiba

S&C Electric

GE

Hangzhou Yinhu Electric

AMSC

Xian XD Power

Weihan

Ingeteam

Hengshun Zhongsheng

Sinexcel

Merus Power

Baoding Sifang Sanyi Electric

Xuji Group Corporation

Zhiguang Electric

Comsys AB

Beijing In-power Electric Co., Ltd

Surpass Sun Electric