Static Var Generator (SVG) & Static Var Compensator (SVC) Market Analysis in 2024: Identifying Opportunities and Challenges

    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.

    The global market for Static Var Generator (SVG) & Static Var Compensator (SVC) was estimated to be worth US$ 1429 million in 2023 and is forecast to a readjusted size of US$ 1970.6 million by 2030 with a CAGR of 4.6% during the forecast period 2024-2030

    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.

2024 Market Report by QYResearch “Static Var Generator (SVG) & Static Var Compensator (SVC) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030” provides an extensive examination of Static Var Generator (SVG) & Static Var Compensator (SVC) market attributes, size assessments, and growth projections through segmentation, regional analyses, and country-specific insights, alongside a scrutiny of the competitive landscape, player market shares, and essential business strategies. This inquiry delivers a thorough perspective with valuable insights, accentuating noteworthy outcomes in the industry. These insights empower corporate leaders to formulate improved business strategies and make more astute decisions, ultimately enhancing profitability. Furthermore, the study assists private or venture participants in gaining a deep understanding of businesses, enabling them to make well-informed choices.

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The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Static Var Generator (SVG) & Static Var Compensator (SVC) market is segmented as below:

By Company

    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

Segment by Type

    GTO Type

    IGBT Type

    IGCT Type

    SCR Type

    GTR Type

    MOSFET Type

Segment by Application

    Renewable Energy

    Electric Utilities

    Industrial & Manufacturing

    Other

The Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size and Industry Challenges :

The research provides specific information on market share for the industry and Static Var Generator (SVG) & Static Var Compensator (SVC) issues.

By examining the market size, businesses may be better equipped to understand the overall development and decrease of the Static Var Generator (SVG) & Static Var Compensator (SVC).

Using a range of findings, the Static Var Generator (SVG) & Static Var Compensator (SVC) Market Research analyses industry challenges.

The final draught describes the broad issues the sector is facing as well as the impacted businesses.

The global Static Var Generator (SVG) & Static Var Compensator (SVC) market is divided into categories based on type, region, and application.

Reasons to Purchase the Static Var Generator (SVG) & Static Var Compensator (SVC) Market Report :

It aids start-up businesses in locating new customers while preventing failure.

With the aid of this study, you will be able to contrast each company in the sector and have a thorough understanding of the Static Var Generator (SVG) & Static Var Compensator (SVC) Market.

Makes it simpler to make informed business decisions by taking into account all of the data shown in the report.

Table of Contents

1 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Overview

1.1 Static Var Generator (SVG) & Static Var Compensator (SVC) Product Overview

1.2 Static Var Generator (SVG) & Static Var Compensator (SVC) Market by Type

1.3 Global Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size by Type

1.3.1 Global Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size Overview by Type (2019-2030)

1.3.2 Global Static Var Generator (SVG) & Static Var Compensator (SVC) Historic Market Size Review by Type (2019-2024)

1.3.3 Global Static Var Generator (SVG) & Static Var Compensator (SVC) Forecasted Market Size by Type (2025-2030)

1.4 Key Regions Market Size by Type

1.4.1 North America Static Var Generator (SVG) & Static Var Compensator (SVC) Sales Breakdown by Type (2019-2024)

1.4.2 Europe Static Var Generator (SVG) & Static Var Compensator (SVC) Sales Breakdown by Type (2019-2024)

1.4.3 Asia-Pacific Static Var Generator (SVG) & Static Var Compensator (SVC) Sales Breakdown by Type (2019-2024)

1.4.4 Latin America Static Var Generator (SVG) & Static Var Compensator (SVC) Sales Breakdown by Type (2019-2024)

1.4.5 Middle East and Africa Static Var Generator (SVG) & Static Var Compensator (SVC) Sales Breakdown by Type (2019-2024)

2 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Competition by Company

2.1 Global Top Players by Static Var Generator (SVG) & Static Var Compensator (SVC) Sales (2019-2024)

2.2 Global Top Players by Static Var Generator (SVG) & Static Var Compensator (SVC) Revenue (2019-2024)

2.3 Global Top Players by Static Var Generator (SVG) & Static Var Compensator (SVC) Price (2019-2024)

2.4 Global Top Manufacturers Static Var Generator (SVG) & Static Var Compensator (SVC) Manufacturing Base Distribution and Headquarters

2.5 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Competitive Situation and Trends

2.5.1 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Concentration Rate (2019-2024)

2.5.2 Global 5 and 10 Largest Manufacturers by Static Var Generator (SVG) & Static Var Compensator (SVC) Sales and Revenue in 2023

2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Static Var Generator (SVG) & Static Var Compensator (SVC) as of 2023)

2.7 Date of Key Manufacturers Enter into Static Var Generator (SVG) & Static Var Compensator (SVC) Market

2.8 Key Manufacturers Static Var Generator (SVG) & Static Var Compensator (SVC) Product Offered

2.9 Mergers & Acquisitions, Expansion

3 Static Var Generator (SVG) & Static Var Compensator (SVC) Status and Outlook by Region

3.1 Global Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size and CAGR by Region: 2019 VS 2023 VS 2030

3.2 Global Static Var Generator (SVG) & Static Var Compensator (SVC) Historic Market Size by Region

3.2.1 Global Static Var Generator (SVG) & Static Var Compensator (SVC) Sales in Volume by Region (2019-2024)

3.2.2 Global Static Var Generator (SVG) & Static Var Compensator (SVC) Sales in Value by Region (2019-2024)

3.2.3 Global Static Var Generator (SVG) & Static Var Compensator (SVC) Sales (Volume & Value), Price and Gross Margin (2019-2024)

3.3 Global Static Var Generator (SVG) & Static Var Compensator (SVC) Forecasted Market Size by Region

3.3.1 Global Static Var Generator (SVG) & Static Var Compensator (SVC) Sales in Volume by Region (2025-2030)

3.3.2 Global Static Var Generator (SVG) & Static Var Compensator (SVC) Sales in Value by Region (2025-2030)

3.3.3 Global Static Var Generator (SVG) & Static Var Compensator (SVC) Sales (Volume & Value), Price and Gross Margin (2025-2030)

...

Each chapter of the report provides detailed information for readers to further understand the Static Var Generator (SVG) & Static Var Compensator (SVC) market:

Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

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

Chapter Three: Sales, revenue of Static Var Generator (SVG) & Static Var Compensator (SVC) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.

Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.

Chapter Thirteen: Research Findings and Conclusion.

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