Static VAR compensator is usually called as SVC. Static VAR compensator is a power quality tool involved in power electronics to run the imprudent power flow to which it is associated. Static VAR compensator provides fast-acting reactive power compensation on very high-voltage electrical systems.
MARKET DYNAMICS
Increasing demand for renewable sources of energy, power quality, and network reliability are some of the major factors driving the growth of the static VAR compensator market. Moreover, the rising Use of Static VAR Compensators as High Voltage Boosters in Railways is anticipated to boost the growth of the static VAR compensators market.
MARKET SCOPE
The Global Static VAR Compensator Market Analysis to 2028 is a specialized and in-depth study of the static VAR compensator market with a special focus on the global market trend analysis. The report aims to provide an overview of static VAR compensator market with detailed market segmentation by type, component, vertical. The global static VAR compensator market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading static VAR compensator market players and offers key trends and opportunities in the static VAR compensator market.
MARKET SEGMENTATION
The global static VAR compensator market is segmented on the basis of type, component, vertical. On the basis of type, the market is segmented as thyristor-based, MCR-based. On the basis of component, the market is segmented as power electronic device, harmonic filter, thyristor, reactor, capacitor bank, GIS switchgear, others. On the basis of vertical, the market is segmented as electric utility, renewable, railway, industrial, oil & gas.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global static VAR compensator market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The static VAR compensator market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting static VAR compensator market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the static VAR compensator market in these regions.
MARKET PLAYERS
The reports cover key developments in the static VAR compensator market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from static VAR compensator market are anticipated to lucrative growth opportunities in the future with the rising demand for static VAR compensator market. Below mentioned is the list of few companies engaged in the static VAR compensator market.
The report also includes the profiles of key static VAR compensator market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- American Superconductor
- Eaton Corporation Inc
- General Electric Company
- HYOSUNG HEAVY INDUSTRIES
- JEMA Energy
- Mitsubishi Electric Corporation
- NR Electric Co., Ltd
- Rongxin Power Electronic Co., Ltd.
- Siemens AG
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