Global Static var compensator（SVC） Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2028
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A static VAR compensator (SVC) is a set of electrical devices for providing fast-acting reactive power on high-voltage electricity transmission networks.
Our market research experts provide qualitative and quantitative analysis of the market based on involving economic and non-economic factors in the same report with market value (million USD) data for each segment and sub-segment. This way, clients can achieve all their goals while taking advantage of emerging opportunities. Technological advancements, new product launches, and market capital flows are compared across scenarios to demonstrate their impact over the forecast period.
Data collected includes market dynamics, technology outlook, application development, and pricing trends. All of this is fed into a research model, which then produces relevant data for market research. Global market trend analysis is given including historical data, estimates to 2023 and compound annual growth rate (CAGR) forecast to 2028.
Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation.
2023 will be a tough year for much of the global economy, as the ongoing war in Ukraine continues to strain trade, especially in Europe, and the global economy remains reeling from the fallout from the COVID-19 pandemic.
But as China moves ever closer to fully reemerging from three years of government-imposed Covid isolation and reintegrating with the world, economic expectations are high.And with the global economy now facing significant challenges, including energy shortages, slowing growth and high inflation, China’s reopening could provide a much-needed and timely boost.
The report researches and analyzes the influence of the Static var compensator（SVC） industry in the new era of global post-COIVD-19 economy in 2023, and provides in-depth analysis and professional suggestions on the current development.
Market Segment by Product Type
Thyristor Based
MCR-Based
Market Segment by Product Application
Electric Utility
Renewable- Wind Power & Solar Farm
Railway
Industrial- Steel & Mining and Oil & Gas
Finally, the report provides detailed profile and data information analysis of leading company.
Rongxin Power Electronic Co., Ltd. (China)
ABB Ltd. (Switzerland)
General Electric (U.S.)
Eaton Corp plc (Ireland)
American Electric Power (U.S.)
Hyosung (South Korea)
NR Electric Co. Ltd. (China)
Mitsubishi Electric Corp. (Japan)
American Superconductor Corp. (U.S.)
Insights and Tools:
We follow a comprehensive process to estimate market size. Key industry dynamics, regulatory scenarios, and segmental dynamics are analyzed to understand their impact on demand over the forecast period. Macroeconomic indicators such as prices, income and demographic changes, demand changes, etc. are considered in estimating market size. We also provide an in-depth profile of the key players and discuss their market shares in the global market to derive the market value. In addition, we have an internal database that is regularly updated with key insights and press releases from key stakeholders in the relevant market.
The data is generally gathered in various arrangements such as charts, graphs, infographics, trends, documents and records from various manufacturers and retailers. Our analyst gather, collect, and interpret such data to form significant databases. Our team then works with large data volumes to analyze core developments, evaluate market estimations, and identify trends.
The market research includes historical and forecast data from like demand, application details, price trends, and company shares by geography, especially focuses on the key regions like United States, European Union, China, and other regions.
Research Objectives
1.To study and analyze the global Static var compensator（SVC） consumption (value) by key regions/countries, product type and application, history data from 2018 to 2022, and forecast to 2028.
2.To understand the structure of Static var compensator（SVC） market by identifying its various subsegments.
3.Focuses on the key global Static var compensator（SVC） manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.
4.To analyze the Static var compensator（SVC） with respect to individual growth trends, future prospects, and their contribution to the total market.
5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
6.To project the consumption of Static var compensator（SVC） submarkets, with respect to key regions (along with their respective key countries).
7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
8.To strategically profile the key players and comprehensively analyze their growth strategies.
Global Static var compensator（SVC） Market Research Report 2023, Forecast to 2028
1 Market Study Overview
1.1 Study Objectives
1.2 Static var compensator（SVC） Introduce
1.3 Combined with the Analysis of Macroeconomic Indicators
1.4 Brief Description of Research methods
1.5 Market Breakdown and Data Triangulation
2 Global Trend Summary
2.1 Static var compensator（SVC） Segment by Type
2.1.1 Thyristor Based
2.1.2 MCR-Based
2.2 Market Analysis by Application
2.2.1 Electric Utility
2.2.2 Renewable- Wind Power & Solar Farm
2.2.3 Railway
2.2.4 Industrial- Steel & Mining and Oil & Gas
2.3 Global Static var compensator（SVC） Market Comparison by Regions (2018-2028)
2.3.1 Global Static var compensator（SVC） Market Size (2018-2028)
2.3.2 North America Static var compensator（SVC） Status and Prospect (2018-2028)
2.3.3 Europe Static var compensator（SVC） Status and Prospect (2018-2028)
2.3.4 China Static var compensator（SVC） Status and Prospect (2018-2028)
2.3.5 Japan Static var compensator（SVC） Status and Prospect (2018-2028)
2.3.6 Southeast Asia Static var compensator（SVC） Status and Prospect (2018-2028)
2.4 Basic Product Information
2.4.1 Basic Product Information & Technology Development History
2.4.2 Product Manufacturing Process
2.4.3 Interview with Major Market Participants
2.4.4 High-end Market Analysis and Forecast
2.5 Coronavirus Disease 2020 (Covid-19): Static var compensator（SVC） Industry Impact
2.5.1 Static var compensator（SVC） Business Impact Assessment - Covid-19
2.5.2 Market Trends and Static var compensator（SVC） Potential Opportunities in the COVID-19 Landscape
2.5.3 Measures / Proposal against Covid-19
3 Competition by Manufacturer
3.1 Global Static var compensator（SVC） Sales and Market Share by Manufacturer (2018-2023)
3.2 Global Static var compensator（SVC） Revenue and Market Share by Manufacturer (2018-2023)
3.3 Global Static var compensator（SVC） Industry Concentration Ratio (CR5 and HHI)
3.4 Top 5 Static var compensator（SVC） Manufacturer Market Share
3.5 Top 10 Static var compensator（SVC） Manufacturer Market Share
3.6 Date of Key Manufacturers Enter into Static var compensator（SVC） Market
3.7 Key Manufacturers Static var compensator（SVC） Key Manufacturers
3.8 Mergers & Acquisitions Planning
4 Analysis of Static var compensator（SVC） Industry Key Manufacturers
4.1 Rongxin Power Electronic Co., Ltd. (China)
4.1.1 Compan Detail
4.1.2 Rongxin Power Electronic Co., Ltd. (China) Static var compensator（SVC） Product Introduction, Application and Specification
4.1.3 Rongxin Power Electronic Co., Ltd. (China) 137 Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.1.4 Main Business Overview
4.1.5 Rongxin Power Electronic Co., Ltd. (China) News
4.2 ABB Ltd. (Switzerland)
4.2.1 Compan Detail
4.2.2 ABB Ltd. (Switzerland) Static var compensator（SVC） Product Introduction, Application and Specification
4.2.3 ABB Ltd. (Switzerland) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.2.4 Main Business Overview
4.2.5 Rongxin Power Electronic Co., Ltd. (China) News
4.3 General Electric (U.S.)
4.3.1 Compan Detail
4.3.2 General Electric (U.S.) Static var compensator（SVC） Product Introduction, Application and Specification
4.3.3 General Electric (U.S.) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.3.4 Main Business Overview
4.3.5 General Electric (U.S.) News
4.4 Eaton Corp plc (Ireland)
4.4.1 Compan Detail
4.4.2 Eaton Corp plc (Ireland) Static var compensator（SVC） Product Introduction, Application and Specification
4.4.3 Eaton Corp plc (Ireland) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.4.4 Main Business Overview
4.4.5 Eaton Corp plc (Ireland) News
4.5 American Electric Power (U.S.)
4.5.1 Compan Detail
4.5.2 Eaton Corp plc (Ireland) Static var compensator（SVC） Product Introduction, Application and Specification
4.5.3 American Electric Power (U.S.) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.5.4 Main Business Overview
4.5.5 American Electric Power (U.S.) News
4.6 Hyosung (South Korea)
4.6.1 Compan Detail
4.6.2 Hyosung (South Korea) Static var compensator（SVC） Product Introduction, Application and Specification
4.6.3 Hyosung (South Korea) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.6.4 Main Business Overview
4.6.5 Hyosung (South Korea) News
4.7 NR Electric Co. Ltd. (China)
4.7.1 Compan Detail
4.7.2 NR Electric Co. Ltd. (China) Static var compensator（SVC） Product Introduction, Application and Specification
4.7.3 NR Electric Co. Ltd. (China) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.7.4 Main Business Overview
4.7.4 Main Business Overview
4.8 Mitsubishi Electric Corp. (Japan)
4.8.1 Compan Detail
4.8.2 Mitsubishi Electric Corp. (Japan) Static var compensator（SVC） Product Introduction, Application and Specification
4.8.3 Mitsubishi Electric Corp. (Japan) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.8.4 Main Business Overview
4.8.5 Mitsubishi Electric Corp. (Japan) News
4.9 American Superconductor Corp. (U.S.)
4.9.1 Compan Detail
4.9.2 American Superconductor Corp. (U.S.) Static var compensator（SVC） Product Introduction, Application and Specification
4.9.3 American Superconductor Corp. (U.S.) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)
4.9.4 Main Business Overview
4.9.5 American Superconductor Corp. (U.S.) News
5 Global Static var compensator（SVC） Market Segment by Big Type
5.1 Global Static var compensator（SVC） Revenue, Sales and Market Share by Big Type (2018-2023)
5.1.1 Global Static var compensator（SVC） Sales and Market Share by Big Type (2018-2023)
5.1.2 Global Static var compensator（SVC） Revenue and Market Share by Big Type (2018-2023)
5.2 Thyristor Based Sales Growth Rate and Price
5.2.1 Global Thyristor Based Sales Growth Rate (2018-2023)
5.2.2 Global Thyristor Based Price (2018-2023)
5.3 MCR-Based Sales Growth Rate and Price
5.3.1 Global MCR-Based Sales Growth Rate (2018-2023)
5.3.2 Global MCR-Based Price (2018-2023)
6 Global Static var compensator（SVC） Market Segment by Big Application
6.1 Global Static var compensator（SVC） Sales Market Share by Big Application (2018-2023)
6.2 Electric Utility Sales Growth Rate (2018-2023)
6.3 Renewable- Wind Power & Solar Farm Sales Growth Rate (2018-2023)
6.4 Railway Sales Growth Rate (2018-2023)
6.5 Industrial- Steel & Mining and Oil & Gas Sales Growth Rate (2018-2023)
7 Global Static var compensator（SVC） Forecast
7.1 Global Static var compensator（SVC） Revenue, Sales and Growth Rate (2023-2028)
7.2 Static var compensator（SVC） Market Forecast by Regions (2023-2028)
7.2.1 North America Static var compensator（SVC） Market Forecast (2023-2028)
7.2.2 Europe Static var compensator（SVC） Market Forecast (2023-2028)
7.2.3 China Static var compensator（SVC） Market Forecast (2023-2028)
7.2.4 Japan Static var compensator（SVC） Market Forecast (2023-2028)
7.2.5 Southeast Asia Static var compensator（SVC） Market Forecast (2023-2028)
7.2.6 Other Regions Static var compensator（SVC） Market Forecast (2023-2028)
7.3 Static var compensator（SVC） Market Forecast by Type (2023-2028)
7.3.1 Global Static var compensator（SVC） Sales Forecast by Type (2023-2028)
7.3.2 Global Static var compensator（SVC） Market Share Forecast by Type (2023-2028)
7.4 Static var compensator（SVC） Market Forecast by Application (2023-2028)
7.4.1 Global Static var compensator（SVC） Sales Forecast by Application (2023-2028)
7.4.2 Global Static var compensator（SVC） Market Share Forecast by Application (2023-2028)
8 Market Analysis
8.1.1 Market Overview
8.1.2 Market Opportunities
8.1.3 Market Risk
8.1.4 Market Driving Force
8.1.5 Porter's Five Forces Analysis
8.1.6 SWOT Analysis
9 Static var compensator（SVC） Related Market Analysis
9.1 Upstream Analysis
9.1.1 Macro Analysis of Upstream Markets
9.1.2 Key Players in Upstream Markets
9.1.3 Upstream Market Trend Analysis
9.1.4 Static var compensator（SVC） Manufacturing Cost Analysis
9.2 Downstream Market Analysis
9.2.1 Macro Analysis of Down Markets
9.2.2 Key Players in Down Markets
9.2.3 Downstream Market Trend Analysis
9.2.4 Sales Channel, Distributors, Traders and Dealers
10 Research Findings and Conclusion
Tables & Figures:
Rongxin Power Electronic Co., Ltd. (China)
ABB Ltd. (Switzerland)
General Electric (U.S.)
Eaton Corp plc (Ireland)
American Electric Power (U.S.)
Hyosung (South Korea)
NR Electric Co. Ltd. (China)
Research Methodology:
Global Static var compensator SVC Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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