TCR Static Var Compensator Market

A static VAR compensator (SVC) 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). Prior to the invention of the SVC, power factor compensation was the preserve of large rotating machines such as synchronous condensers or switched capacitor banks. TCR Static Var Compensator (SVC) is a kind of SVC.

TCR Static Var Compensator Market contains market size and forecasts of TCR Static Var Compensator (SVC) in global, including the following market information:

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

Global TCR Static Var Compensator (SVC) Market Sales, 2017-2022, 2023-2028, (Units)

Global top five TCR Static Var Compensator (SVC) companies in 2021 (%)

The global TCR Static Var Compensator (SVC) market was valued at 717.2 million in 2021 and is projected to reach US$ 1020.5 million by 2028, at a CAGR of 5.2% during the forecast period.

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

Voltage: 0kV - 6kV Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of TCR Static Var Compensator (SVC) include Taikai Power Electronic, NR Electric, CRERT, Guirong Xieping, Rongxin Power Electronic and Liaoning Lide Investment Holding Group, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the TCR 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 TCR Static Var Compensator (SVC) Market, by Voltage, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global TCR Static Var Compensator (SVC) Market Segment Percentages, by Voltage, 2021 (%)

Voltage: 0kV - 6kV

Voltage: 6kV - 10kV

Voltage: 10kV - 20kV

Voltage: 20kV - 30kV

Voltage: 30kV - 40kV

Other

Global TCR Static Var Compensator (SVC) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global TCR Static Var Compensator (SVC) Market Segment Percentages, by Application, 2021 (%)

Electrical Grid

Metallurgy & Steel

Mining

New Energy

Chemical

Transport

Other

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

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

Key companies TCR Static Var Compensator (SVC) revenues share in global market, 2021 (%)

Key companies TCR Static Var Compensator (SVC) sales in global market, 2017-2022 (Estimated), (Units)

Key companies TCR Static Var Compensator (SVC) sales share in global market, 2021 (%)

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

Taikai Power Electronic

NR Electric

CRERT

Guirong Xieping

Rongxin Power Electronic

Liaoning Lide Investment Holding Group