Static Var Compensator and Static Var Generator Market: Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports

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.

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Static Var Compensator and Static Var Generator Market
A static VAR compensator is a set of electrical devices for providing fast-acting reactive power on high-voltage electricity transmission networks. SVCs are part of the Flexible AC transmission system device family, regulating voltage, power factor, harmonics and stabilizing the system. A static VAR compensator has no significant moving parts (other than internal switchgear).
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.
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.
In terms of production side, this report researches the Static Var Compensator and Static Var Generator production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.
In terms of consumption side, this report focuses on the sales of Static Var Compensator and Static Var Generator by region (region level and country level), by company, by Type and by Application. from 2019 to 2024 and forecast to 2030.
Report Covers:
This report presents an overview of global market for Static Var Compensator and Static Var Generator, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2019 - 2024, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Static Var Compensator and Static Var Generator, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Static Var Compensator and Static Var Generator, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Static Var Compensator and Static Var Generator sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Static Var Compensator and Static Var Generator market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Static Var Compensator and Static Var Generator sales, projected growth trends, production technology, application and end-user industry.

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Segment by Type

• Static Var Compensator
• Static Var Generator

Segment by Application

• Renewable Energy
• Electric Utilities
• Industrial & Manufacturing
• Other

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

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