Static Var Generator Market

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.

According to Component, SVG can be divided into GTO type, IGBT type, IGCT type, SCR type, GTR type, MOSFET type. Due to the huge advantages of IGCT type, the Static Var Generator (SVG) in the market is basically based on IGCT technology.

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

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

Global Static Var Generator (SVG) Market Sales, 2017-2022, 2023-2028, (Units)

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

The global Static Var Generator (SVG) market was valued at 812.6 million in 2021 and is projected to reach US$ 1141.6 million by 2028, at a CAGR of 5.0% during the forecast period.

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

Low Voltage SVG Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Static Var Generator (SVG) include Siemens, Hitachi ABB, Mitsubishi Electric, GE, AMSC, NR Electric Co., Ltd., Xin Fengguang, Sieyuan Electric and Rongxin Power Electronic Co., Ltd, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

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

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

Low Voltage SVG

High Voltage SVG

Global Static Var Generator (SVG) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)

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

Electric Utilities

Renewable Energy

Industrial & Manufacturing

Others

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

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

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

Key companies Static Var Generator (SVG) sales in global market, 2017-2022 (Estimated), (Units)

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

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

Siemens

Hitachi ABB

Mitsubishi Electric

GE

AMSC

NR Electric Co., Ltd.

Xin Fengguang

Sieyuan Electric

Rongxin Power Electronic Co., Ltd

Taikai Power Electronic

TBEA

XJ Group

Hopewind