Static VAR Compensator Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Static VAR Compensator Market covers analysis by Type (Thyristor-Based, MCR-Based); Component (Power Electronic Device, Harmonic Filter, Thyristor, Reactor, Capacitor Bank, GIS Switchgear, Others); Vertical (Electric Utility, Renewable, Railway, Industrial, Oil and Gas) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00012265
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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Static VAR Compensator Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET INTRODUCTION

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.

Static VAR Compensator Market Report Analysis

Static VAR Compensator Market

  • CAGR (2023 - 2031)
    XX%
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • 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.

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

By Type
  • Thyristor-Based
  • MCR-Based
By Component
  • Power Electronic Device
  • Harmonic Filter
  • Thyristor
  • Reactor
  • Capacitor Bank
  • GIS Switchgear
  • Others
By Vertical
  • Electric Utility
  • Renewable
  • Railway
  • Industrial
  • Oil and Gas
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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


The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Static VAR Compensator Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Type
  • Thyristor-Based
  • MCR-Based
By Component
  • Power Electronic Device
  • Harmonic Filter
  • Thyristor
  • Reactor
  • Capacitor Bank
  • GIS Switchgear
  • Others
By Vertical
  • Electric Utility
  • Renewable
  • Railway
  • Industrial
  • Oil and Gas
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • 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.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    The List of Companies

    1. ABB
    2. American Superconductor
    3. Eaton Corporation Inc
    4. General Electric Company
    5. HYOSUNG HEAVY INDUSTRIES
    6. JEMA Energy
    7. Mitsubishi Electric Corporation
    8. NR Electric Co., Ltd
    9. Rongxin Power Electronic Co., Ltd.
    10. Siemens AG

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