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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