Global and United States Static VAR Compensator (SVC) Market Report & Forecast 2022-2028

SKU ID : QYR-20638448

No. of pages : 108

Publishing Date : 31-Mar-2022

A static VAR compensator is a set of electrical devices for providing fast-acting reactive power on high-voltage electricity transmission networks.
Market Analysis and Insights: Global and United States Static VAR Compensator (SVC) Market
This report focuses on global and United States Static VAR Compensator (SVC) market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Static VAR Compensator (SVC) market size is estimated to be worth US$ 674.4 million in 2022 and is forecast to a readjusted size of US$ 766.4 million by 2028 with a CAGR of 2.2% during the review period. Fully considering the economic change by this health crisis, by Type, Thyristor-based accounting for % of the Static VAR Compensator (SVC) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Transmission SVC was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
The SVC is An Automated Impedance Matching Device, Designed To Bring The System Closer To Unity Power Factor. SVCs Are Used In Two Main Situations: Connected To The Power System, to Regulate The Transmission Voltage ("Transmission SVC"), connected Near Large Industrial Loads, to Improve Power Quality ("Industrial SVC").
Global Static VAR Compensator (SVC) Scope and Market Size
Static VAR Compensator (SVC) market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Static VAR Compensator (SVC) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Static VAR Compensator (SVC) market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Thyristor-based
MCR-based
Segment by Application
Transmission SVC
Industrial SVC
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
ABB
General Electric
Siemens
Mitsubishi Electric
Eaton
American Electric Power
Hyosung
Rongxin Power Electronic
American Superconductor
Nr Electric

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