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 aims to provide a comprehensive presentation of the global market for Static Var Generator (SVG), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Static Var Generator (SVG). 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, 2018-2023, 2024-2029, ($ millions)

Global Static Var Generator (SVG) Market Sales, 2018-2023, 2024-2029, (Units)

Global top five Static Var Generator (SVG) companies in 2022 (%)

The global Static Var Generator (SVG) market was valued at US$ 812.6 million in 2022 and is projected to reach US$ 1141.6 million by 2029, at a CAGR of 5.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Currently, there are many producing companies in the world. The main market players are Hitachi ABB, Siemens, Rongxin, Sieyuan Electric, Xin Fengguang etc.

China now is the largest production of Static Var Generator (SVG), with a production market share nearly 55.94% in 2019. The Static Var Generator (SVG) price of Chinese producers is generally low.

Static Var Generator (SVG) used in industry including Renewable Energy, Electric Utilities, Industrial & Manufacturing and Others. Report data showed that 47.03% of the Static Var Generator (SVG) market demand in Electric Utilities, 28.94% in Renewable Energy in 2019.

There are two kinds? productions constituting the Static Var Generator (SVG), which are Low Voltage SVG, High Voltage SVG. High Voltage SVG is important in the Static Var Generator (SVG), with a production value market share nearly 83.72% in 2019.

Static Var Generator (SVG) is widely used in metallurgy, power, coal, non-ferrous metals, electrified railway and other key energy consumption industries. In the next few years, Static Var Generator (SVG) is growing fast.

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, 2018-2023, 2024-2029 ($ Millions) & (Units)

Global Static Var Generator (SVG) Market Segment Percentages, by Type, 2022 (%)

Low Voltage SVG

High Voltage SVG

Global Static Var Generator (SVG) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)

Global Static Var Generator (SVG) Market Segment Percentages, by Application, 2022 (%)

Electric Utilities

Renewable Energy

Industrial & Manufacturing

Others

Global Static Var Generator (SVG) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)

Global Static Var Generator (SVG) Market Segment Percentages, By Region and Country, 2022 (%)

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, 2018-2023 (Estimated), ($ millions)

Key companies Static Var Generator (SVG) revenues share in global market, 2022 (%)

Key companies Static Var Generator (SVG) sales in global market, 2018-2023 (Estimated), (Units)

Key companies Static Var Generator (SVG) sales share in global market, 2022 (%)

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

Outline of Major Chapters:

Chapter 1: Introduces the definition of Static Var Generator (SVG), market overview.

Chapter 2: Global Static Var Generator (SVG) market size in revenue and volume.

Chapter 3: Detailed analysis of Static Var Generator (SVG) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Static Var Generator (SVG) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: 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 8: Global Static Var Generator (SVG) capacity by region & country.

Chapter 9: 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 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.