Global Static Var Compensator and Static Var Generator Market is expected to grow at a CAGR of roughly 5.2% over the next ten years and will reach USD 1358.79 Mn in 2032, from USD 778 Mn in 2022, according to a new Market.us (Prudour Research) study.

The report on Static Var Compensator and Static Var Generator Market offers an in-depth analysis on market trends, drivers, restraints, opportunities, etc. Along with qualitative information, this report includes the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. for the forecast years. The global static var compensator and static var generator market is segmented on the basis of type, application, and geography.

Static var compensator (SVC), a type of flexible AC transmission system device (FACTS), is used to increase the stability and quality of electric power systems. This device is a shunt-connected device and can quickly inject or absorb reactive energy into the transmission network or vice versa in response to system conditions. This allows the voltage to be maintained at a preset level and improves the power factor.

Static var generators (SVG) are similar devices, but they can be used in parallel to synchronous generators. It can quickly inject or absorb reactive energy to aid the synchronous generator in maintaining its voltage and power factor at a preset level.

As utilities and Automotive transmission system operators seek ways to increase the stability and quality of their systems, the market for SVCs will continue to grow. These devices are also being sought after due to their ability to reduce the uncertainty and variability associated with renewable energy sources like wind and solar power.

Static Var Compensator and Static Var Generator Market Scope:

By type, the market is segmented into Static Var Compensator, and Static Var Generator. By application, the market is divided into Renewable Energy, Electric Utilities, Industrial & Manufacturing, and Other.

Based on geography, market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Major players profiled in the report include 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, and Zhiguang Electric
.

Key Market Segments

Type

• Static Var Compensator
• Static Var Generator

Application

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

Key Market Players included in the report:

• 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

Reasons to Get this Report:

In an insight outlook, this research report has dedicated to several quantities of analysis industry research (global industry trends) and Static Var Compensator and Static Var Generator Market share analysis of high players, along with company profiles, and which collectively include about the fundamental opinions regarding the market landscape; emerging and high-growth sections of Static Var Compensator and Static Var Generator Market; high-growth regions; and market drivers, restraints, and also market chances.

The analysis covers Static Var Compensator and Static Var Generator Market and its advancements across different industry verticals as well as regions. It targets estimating the current market size and growth potential of the global Static Var Compensator and Static Var Generator Market across sections such as also application and representatives.

Additionally, the analysis also has a comprehensive review of the crucial players on the Static Var Compensator and Static Var Generator Market together side their company profiles, SWOT analysis, latest advancements, and business plans.

The analysis objectives of the report are:

• To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers, and industry-specific challenges and risks).
• To know the Static Var Compensator and Static Var Generator Market by pinpointing its many subsegments.
• To profile the important players and analyze their growth plans.
• To endeavor the amount and value of Static Var Compensator and Static Var Generator sub-markets, depending on key regions (various vital states).
• To analyze Static Var Compensator and Static Var Generator Market concerning growth trends, prospects, and also their participation in the entire sector.
• To examine and study the Static Var Compensator and Static Var Generator Market size (volume & value) from the company, essential regions/countries, products, and application, background information from 2012 to 2018, and also prediction to 2028.
• Primary worldwide Static Var Compensator and Static Var Generator Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans next coming years.
• To examine competitive progress such as expansions, arrangements, new product launches, and acquisitions on the market.

For the Static Var Compensator and Static Var Generator Market research study, the following years have been considered to estimate the market size: