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

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