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. According to our (Global Info Research) latest study, the global Static Var Compensator and Static Var Generator market size was valued at USD 1470.4 million in 2022 and is forecast to a readjusted size of USD 2000.7 million by 2029 with a CAGR of 4.5% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. Global Static Var Compensator and Static Var Generator key players include ABB, Siemens, Rongxin Power Electronic, Sieyuan Electric, etc. Global top four manufacturers hold a share about 50%. China is the largest market, with a share over 35%, followed by United States and Europe, both have a share over 30 percent. In terms of product, SVG is the largest segment, with a share over 60%. And in terms of application, the largest application is Electric Utilities, followed by Renewable Energy, Industrial & Manufacturing, etc. This report is a detailed and comprehensive analysis for global Static Var Compensator and Static Var Generator market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided. Key Features: Global Static Var Compensator and Static Var Generator market size and forecasts, in consumption value ($ Million), sales quantity (M Var), and average selling prices (USD/K Var), 2018-2029 Global Static Var Compensator and Static Var Generator market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Var), and average selling prices (USD/K Var), 2018-2029 Global Static Var Compensator and Static Var Generator market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Var), and average selling prices (USD/K Var), 2018-2029 Global Static Var Compensator and Static Var Generator market shares of main players, shipments in revenue ($ Million), sales quantity (M Var), and ASP (USD/K Var), 2018-2023 The Primary Objectives in This Report Are: To determine the size of the total market opportunity of global and key countries To assess the growth potential for Static Var Compensator and Static Var Generator To forecast future growth in each product and end-use market To assess competitive factors affecting the marketplace This report profiles key players in the global Static Var Compensator and Static Var Generator market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, Siemens, Rongxin Power Electronic, Sieyuan Electric and Mitsubishi Electric, etc. This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence. Market Segmentation Static Var Compensator and Static Var Generator market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets. Market segment by Type Static Var Compensator Static Var Generator Market segment by Application Renewable Energy Electric Utilities Industrial & Manufacturing Other Major players covered 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 Market segment by region, regional analysis covers North America (United States, Canada and Mexico) Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe) Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia) South America (Brazil, Argentina, Colombia, and Rest of South America) Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa) The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe Static Var Compensator and Static Var Generator product scope, market overview, market estimation caveats and base year. Chapter 2, to profile the top manufacturers of Static Var Compensator and Static Var Generator, with price, sales, revenue and global market share of Static Var Compensator and Static Var Generator from 2018 to 2023. Chapter 3, the Static Var Compensator and Static Var Generator competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4, the Static Var Compensator and Static Var Generator breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029. Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029. Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Static Var Compensator and Static Var Generator market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029. Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War. Chapter 13, the key raw materials and key suppliers, and industry chain of Static Var Compensator and Static Var Generator. Chapter 14 and 15, to describe Static Var Compensator and Static Var Generator sales channel, distributors, customers, research findings and conclusion.
1 Market Overview 1.1 Product Overview and Scope of Static Var Compensator and Static Var Generator 1.2 Market Estimation Caveats and Base Year 1.3 Market Analysis by Type 1.3.1 Overview: Global Static Var Compensator and Static Var Generator Consumption Value by Type: 2018 Versus 2022 Versus 2029 1.3.2 Static Var Compensator 1.3.3 Static Var Generator 1.4 M
