Press release
Global Static VAR Compensator Market Size, Share, Price, Trends, Growth, Report And Forecast 2023-2028
A Static VAR Compensator is an electrical device that provides fast-acting reactive power in high-voltage electricity transmission networks. SVCs are commonly used in power grids to regulate voltage, improve power quality, and increase grid capacity. It plays an essential role in stabilising the grid, preventing blackouts, and enhancing overall grid performance. Apart from their electrical properties, SVCs also offer significant operational flexibility, making them an invaluable asset in various industrial applications, including manufacturing, energy, and utilities.
Static VAR Compensator Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast
The rising need for power quality improvement is driving the global static VAR compensator market growth. With the growing integration of renewable energy sources and the increasing load of electrical equipment, there has been a significant shift towards efficient power control technologies, leading to a surge in demand for SVCs. Additionally, the growing concerns about grid stability and reliability have further contributed to the increasing popularity of SVCs, as these devices are vital in mitigating voltage fluctuations and enhancing grid resilience.
The expanding applications of SVCs in various industries also play a significant role in increasing the static VAR compensator market development. In the manufacturing industry, SVCs are used to improve the power quality and reduce the risk of equipment damage. The energy sector utilises SVCs to enhance the integration of renewable energy into the grid and increase grid capacity. Moreover, the operational flexibility of SVCs makes them a crucial component in the utilities sector, enhancing power distribution and preventing blackouts.
Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/static-var-compensator-market/requestsample
Further, the growing demand for energy-efficient solutions in the power sector has led to an increased focus on SVCs as a viable tool for grid optimisation. With the rise of smart grids and the increasing focus on energy conservation, SVCs have emerged as a critical component in managing reactive power, reducing transmission losses, and improving energy efficiency, thereby boosting the static VAR compensator market expansion.
Static VAR Compensator Market Segmentation
The market can be divided based on type, component, end use, and region.
Read Full Report with Table of Contents - https://www.expertmarketresearch.com/reports/static-var-compensator-market
Market Breakup by Type
Thyristor-based
Magnetically Controlled Reactor (MCR)-based
Market Breakup by Component
Power Electronics Devices
Harmonic Filter
Thyristor
Reactor
Capacitor Bank
GIS Switchgear
Others
Market Breakup by End Use
Electric Utility
Renewable Energy
Railway
Industrial
Oil and Gas
Others
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global static VAR compensator companies. Some of the major key players explored in the report by Expert Market Research are as follows:
Siemens Energy
Hitachi Energy Ltd.
General Electric Company
Mitsubishi Electric Corporation
Nidec ASI S.p.A.
Others
Related Reports:
HVAC Relay Market: https://www.expertmarketresearch.com/reports/hvac-relay-market
Geomarketing Market: https://www.expertmarketresearch.com/reports/geomarketing-market
Bulk Food Ingredients Market: https://www.expertmarketresearch.com/reports/bulk-food-ingredients-market
Window Film Market: https://www.expertmarketresearch.com/reports/window-film-market
Dehydrated Vegetables Market: https://www.expertmarketresearch.com/reports/dehydrated-vegetables-market
Custom Shoes Market: https://www.expertmarketresearch.com/reports/custom-shoes-market
Industrial Racking System Market: https://www.expertmarketresearch.com/reports/industrial-racking-system-market
Population Health Management Market: https://www.expertmarketresearch.com/reports/population-health-management-market
Lead Acid Battery Market: https://www.expertmarketresearch.com/reports/lead-acid-battery-market
Spinal Muscular Atrophy Treatment Market: https://www.expertmarketresearch.com/reports/spinal-muscular-atrophy-treatment-market
Media Contact:
Company Name: Claight Corporation
Contact Person: Anisha Luccas, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
About Us
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Static VAR Compensator Market Size, Share, Price, Trends, Growth, Report And Forecast 2023-2028 here
News-ID: 3099018 • Views: …
More Releases from Expert Market Research
Emergency Medical Services Vehicle Market to Reach USD 78.41Bn by 2034
What Factors Are Driving the Rapid Growth of the Emergency Medical Services (EMS) Vehicle Market?
The rapid expansion of the Emergency Medical Services (EMS) vehicle market is driven by increasing demand for timely emergency response, rising global road accidents, and the growing need for advanced ambulance systems across both urban and rural healthcare networks. As critical-care response times become central to patient survival, emergency fleets-ranging from ground ambulances to air rescue…
Cough Syrup Market to Reach USD 9.03Bn by 2034
What Is Driving the Rapid Growth of the Global Cough Syrup Market Today?
The global cough syrup market is expanding steadily as respiratory disorders continue to rise due to increasing pollution, seasonal infections, and lifestyle-related weakening of immunity. In 2024, the global cough syrup market reached USD 6,222 million, supported by higher demand for both prescription and over-the-counter formulations. With innovations in product flavours, safer formulations, and greater accessibility through online…
US Topical Pain Relief Market to Reach USD 7.53Bn by 2034
What Is Driving the Rapid Growth of the United States Topical Pain Relief Market?
The United States topical pain relief market has seen significant expansion in recent years as consumers shift toward safer, convenient, and non-systemic pain management options. With chronic pain affecting nearly 20% of the U.S. population, demand for topical analgesics continues to grow. The market reached USD 3.30 billion in 2024 and is projected to surge to USD…
Nootropics Market to Reach USD 11.76Bn by 2034
What Is Driving the Rapid Expansion of the Global Nootropics Market?
The global demand for cognitive enhancement, improved mental performance, and better emotional wellbeing is reshaping the landscape of the nootropics market. As individuals seek solutions for productivity, memory, focus, sleep, and mood regulation, the market is experiencing a major surge driven by changing lifestyle patterns, rising stress levels, and greater awareness of brain health.
In 2024, the global nootropics market reached…
More Releases for VAR
Static Var Compensator and Static Var Generator Market: Size, Share, Growth, Ana …
Static Var Compensator and Static Var Generator Market Size
The global Static Var Compensator and Static Var Generator market is projected to grow from US$ 1501.9 million in 2024 to US$ 1978.4 million by 2030, at a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period.
View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-2X9250/Global_Static_Var_Compensator_and_Static_Var_Generator_Market_Outlook_2022
Static Var Compensator and Static Var Generator Market
A static VAR compensator is a set of electrical devices for providing fast-acting reactive power…
Static Var Generator (SVG) & Static Var Compensator (SVC) Market 2022 | Detailed …
The top-notch information research report published by ReportsnReports is a vital asset that offers qualitative and quantitative factors of the Static Var Generator (SVG) & Static Var Compensator (SVC) market. The research study and methodologies mentioned in the report examine the critical vendors by considering their contribution to the global market. Furthermore, the report offers an in-depth insight into leading players' performance based on revenue generation and client requirements. Also,…
Static Var Generator (SVG) & Static Var Compensator (SVC) Market 2022 | Detailed …
The market report delivers an all-inclusive analysis of the market structure along with a forecast of the various segments and sub-segments of the Static Var Generator (SVG) & Static Var Compensator (SVC) industry. This wide-ranging market research report acts as a backbone for the success of business in any niche. The Static Var Generator (SVG) & Static Var Compensator (SVC) market survey report has been prepared by conducting market research…
Static Var Compensator
The static VAR compensator (SVC) market is estimated to grow at a CAGR of 3.8% between 2015 and 2020. Static VAR compensators are commonly referred to as SVC. This is a power quality tool associated with power electronics, leading to reckless power flow. It provides fast-acting reactive power compensation in high voltage electrical systems. In other words, the static VAR compensator controls and regulates the voltage of the device up…
Static Var Compensator and Static Var Generator Market: Competitive Dynamics & G …
Market Research Report Store offers a latest published report on Static Var Compensator and Static Var Generator Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
According to this study, over the next five years the Static Var Compensator and Static Var Generator market will register a 4.9% CAGR in terms of revenue, the global market size will reach US$ 1461.8…
Global Var Compensator and Static Var Generator Industry Market Analysis & Forec …
Global Var Compensator and Static Var Generator Industry Market Industry Analysis and Forecast 2018-2023 conveying key bits of knowledge and giving an upper hand to customers through a nitty gritty report. The report displays on current market investigation situation, up and coming and additionally future chances, income development, evaluating and gainfulness.
Get sample copy of report :
https://www.marketdensity.com/contact?ref=Sample&reportid=5382
Table of Contents
Chapter 1 Var Compensator and Static Var Generator Market Overview
1.1…
