Newest Research on “Static VAR Compensator (SVC) Market” – Forecast by Top Regions 2023-2028

A static VAR compensator is a set of electrical devices for providing fast-acting reactive power on high-voltage electricity transmission networks.
Report Overview
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Static VAR Compensator (SVC) estimated at USD 674.4 million in the year 2022, is projected to reach a revised size of USD 766.4 million by 2028, growing at a CAGR of 2.2% during the forecast period 2022-2028.
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”).

Major Product Types of Static VAR Compensator (SVC) covered are:

  • Thyristor-based
  • MCR-based

    Major Applications of Static VAR Compensator (SVC) covered are:

  • Transmission SVC
  • Industrial SVC

    key players operating in the Static VAR Compensator (SVC) market

  • ABB
  • General Electric
  • Siemens
  • Mitsubishi Electric
  • Eaton
  • American Electric Power
  • Hyosung
  • Rongxin Power Electronic
  • American Superconductor
  • Nr Electric

    About Us:

    Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Market Growth Reports is the credible source for gaining the market reports that will provide you with the lead your business needs.

    Contact Us:

    Market growth reports

    Phone : US +1 424 253 0946

                   UK +44 203 239 8187

    Email : [email protected]

    Web :

    For More Related Reports Click Here :

    From 2023 to 2028 Report on the Sorbitol market

    From 2023 to 2028, Engine Brake Market Insight

    From 2023 to 2029 Report on the Airtight Containers market

    OTT TV and Video Services Market : Global Strategic Business Report 2029

    From 2023 to 2028 Report on the Fixed Wireless RFID Reader market