Static VAR Compensator (SVC) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-2339 | Report Format : | Status : Upcoming |

Abstract

Static VAR Compensator (SVC) Market: Overview

Static VAR compensator is generally called as SVC. It is a power quality tool engaged in power electronics to run the imprudent power flow to which it is associated. It offers fast-acting reactive power compensation on very high-voltage electrical systems. In other words, a static VAR compensator controls and regulates the voltage of devices to the needed set point, thus offering fast-acting reactive power on transmission networks. Static VAR compensators are mainly utilized in large industries, such as to lower voltage fluctuations, steel-making plants, and flicker compensation. Furthermore, SVCs are set up at an appropriate place in the electric power system to amplify power transfer abilities by enhancing the voltage stability. SVCs can also develop active power oscillations by adapting the amplitude of the power. Additionally, they have the benefit of taking the system power aspect close to unity. SVCs are usually set up near high and quickly varying loads in big industries such as industries prone to flicker and welding plants, and voltage fluctuations.

Static VAR Compensator (SVC) Market: Growth Factors

Static VAR compensator (SVC) market growth factors include power quality & network consistency necessities, augment in popularity for renewable sources of energy, and upgradation and substitute of aging power communications in industrial geographical regions are few of the major drivers for the global static VAR compensator (SVC) market. Furthermore, augment in usage as high voltage boosters particularly railways provide enormous opportunities for further development of this market.

Static VAR compensator (SVC) market is anticipated to develop rapidly in the coming years. The most important reason behind this development due to the presence of aspects such as small dimension, high reliability, its capability to maintain instant voltage to circumvent generator breaking, low harmonics, more ability to transfer control, and faster response time, when compared to thyristor-based SVC.

Static VAR Compensator (SVC) Market: Segmentation

Static VAR compensator (SVC) market is segmented by product type, revenue, with production, market share, revenue, price and development rate of each type, can be classified into thyristor-based SVC. On the basis of application, the global market mainly focuses on consumption, growth rate and growth rate of static VAR compensator in every application, can be segmented into electric utility, industrial, renewable, railway, and oil & gas.

Static VAR Compensator (SVC) Market: Regional Analysis

Geographically, Asia Pacific region controls the global static VAR compensator market and is anticipated to have the maximum development rates in the coming years, due to growth of industrial segment and power infrastructure in this region. MCR on the basis of static VAR compensator is anticipated to develop at the maximum development rate in the global static VAR compensator market, amongst all kinds of static VAR compensator, due to its benefits such as high reliability, capability to maintain instant voltage to evade generator breaking, augmented ability to transmit power, small dimension, low harmonics, and quicker response time. Among the entire customer base, the market for static VAR compensator is anticipated to have maximum development, due to bigger investments by investors in the renewable sector in countries such as Asia Pacific.

Static VAR Compensator (SVC) Market: Competitive players

The key players of the global static VAR compensator (SVC) market are ABB Ltd., General Electric, Siemens AG, Mitsubishi Electric Corporation, and Eaton Corporation Plc.

Global Static VAR Compensator (SVC) Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Wireless Headphones Market - By Feature (Smart and Non-Smart), Type (In-Ear, On-Ear, and Over-Ear), By End Use (Fitness & Sports, Entertainment, and Gaming), Price Range (Low, Moderate, and Premium), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Jul-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5354 | Report Format:

The global Wireless Headphones market, which is likely to amass revenue worth nearly 42.10 (USD Billion) by 2026, will register a CAGR of nearly 21% during the period from 2020 to 2026. The report offers assessment and analysis of the Wireless Headphones market on a global and regional level. The ...Read More

Quantum Dots (QD) Market - By Type (II-VI-Semiconductors, III-V-Semiconductors, and Silicon), By Application (Medicine, Optoelectronics & Optical Components, Alternative Energy, Agriculture, and Others), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Jun-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5353 | Report Format:

The global Quantum Dots (QD) market accrued earnings worth 865 (USD Million) in 2019 and is set to record a CAGR of about 62.4% over the period from 2020 to 2026. The report offers assessment and analysis of the Quantum Dots (QD) market on a global and regional level. The study offers a comprehens...Read More

Coin Operated Laundry Machines Market - by Type (Coin Operated Washers, Coin Operated Dryers), by Application (Hotel, Laundry Home, Hospital, School Apartments, Others), and by Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Jun-2020 | Price : $ 4199.00 | Pages: 157 | Report Code: ZMR-5352 | Report Format:

This report analyzes and estimates the Coin Operated Laundry Machines market at global, regional, and country level. Assessment of the global coin operated machines analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level fro...Read More

Passive Optical Network Market, by Structure (GPON, EPON, WDM-PON), by Component (ONT, OLT), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2019– 2026

Mar-2020 | Price : $ 4199.00 | Pages: 144 | Report Code: ZMR-5343 | Report Format:

This report analyzes and estimates the passive optical network market at global, regional, and country level. Assessment of the global passive optical network analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level from 2019...Read More

Metal Fabrication Equipment Market, by Equipment Type (Machining, Cutting, Forming, Welding, and Others), by Application (Residential, Commercial, and Industrial), by End-User (Oil & Gas, Automotive & Aviation, Power Plants, Chemicals & Mining, Construction, and Others) by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Mar-2020 | Price : $ 4199.00 | Pages: 157 | Report Code: ZMR-5342 | Report Format:

This report analyzes and estimates the metal fabrication equipment market at global, regional, and country level. Assessment of the global doctor blade analysis provides detailed insights of the market growth and restraining factors along with their impact analysis at global level from 2020 to 202...Read More

Request Free Brochure

COVID-19

A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.