Static Var Generator Static Var Compensator 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 Generator Static Var Compensator Market contains market size and forecasts of Static Var Generator (SVG) & Static Var Compensator (SVC) in global, including the following market information:
Global Static Var Generator (SVG) & Static Var Compensator (SVC) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Static Var Generator (SVG) & Static Var Compensator (SVC) Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Static Var Generator (SVG) & Static Var Compensator (SVC) companies in 2021 (%)
The global Static Var Generator (SVG) & Static Var Compensator (SVC) market was valued at 1470.4 million in 2021 and is projected to reach US$ 1989.2 million by 2028, at a CAGR of 4.4% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
GTO Type Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Static Var Generator (SVG) & Static Var Compensator (SVC) 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 Generator (SVG) & 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 Generator (SVG) & Static Var Compensator (SVC) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Static Var Generator (SVG) & Static Var Compensator (SVC) Market Segment Percentages, by Type, 2021 (%)
GTO Type
IGBT Type
IGCT Type
SCR Type
GTR Type
MOSFET Type
Static Var Compensator
Global Static Var Generator (SVG) & Static Var Compensator (SVC) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Static Var Generator (SVG) & Static Var Compensator (SVC) Market Segment Percentages, by Application, 2021 (%)
Renewable Energy
Electric Utilities
Industrial & Manufacturing
Other
Global Static Var Generator (SVG) & Static Var Compensator (SVC) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Static Var Generator (SVG) & 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 Generator (SVG) & Static Var Compensator (SVC) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Static Var Generator (SVG) & Static Var Compensator (SVC) revenues share in global market, 2021 (%)
Key companies Static Var Generator (SVG) & Static Var Compensator (SVC) sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Static Var Generator (SVG) & Static Var Compensator (SVC) 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