The Static Var Compensator SVC Market size is expected to grow at an annual average of 2% during 2021-2027. Static VAR compensators, commonly referred to as SVC, are power quality devices used in power electronics to control the flow of reactive power in connected systems. It provides fast-acting reactive power compensation in high voltage electrical systems. In other words, the static VAR compensator regulates and controls the voltage of the device to the required set point, providing fast-acting reactive power in the electrical transmission network. Static VAR compensators are primarily used in large industries such as steel mills to lower voltage fluctuations and flicker compensation.
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The following segmentation are covered in this report:
By Component
- Power electronic device
- Harmonic filter
- Thyristor
- Reactor
- Capacitor bank
- GIS switchgear
- Phase shifting transformer (PST)
- Surge arrester
- Control protection system
By Type
Thyristor-based
- TCR-FC
- TCR-TSC
MCR-based
Company Profile
- Mitsubishi Electric
- Eaton
- American Electric Power
- Hyosung
- Rongxin Power Electronic
- American Superconductor
- Nr Electric
The report covers the following objectives:
- Proliferation and maturation of trade in the global Static Var Compensator SVC Market
- The market share of the global Static Var Compensator SVC Market supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Static Var Compensator SVC Market
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Static Var Compensator SVC Market
Scope of the report
The research study analyses the Static Var Compensator SVC Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent developments
- Market overview and growth analysis
- Import and export overview
- Volume analysis
- Current market trends and future outlook
- Market opportunistic and attractive investment segment
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Geographic coverage
- North america market size and/or volume
- Latin america market size and/or volume
- Europe market size and/or volume
- Asia-pacific market size and/or volume
- Rest of the world market size and/or volume
Key Questions Answered by Static Var Compensator SVC Market Report
- What was the Static Var Compensator SVC Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
- What will be the CAGR of Market during the forecast period (2021-2027)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
- Which manufacturer/vendor/players in the Static Var Compensator SVC Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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