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Global Static Var Compensator Market Size study, by Type (Thyristor-Based SVC, Magnetically Controlled Reactor -Based SVC) by Component and Regional Forecasts 2020-2027

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Global Static Var Compensator Market Size study, by Type (Thyristor-Based SVC, Magnetically Controlled Reactor -Based SVC) by Component and Regional Forecasts 2020-2027
Published: June 5, 2020 Content info:
Description

Title:
Global Static Var Compensator (SVC) Market Size study, by Type (Thyristor-Based SVC, Magnetically Controlled Reactor (MCR)-Based SVC) by Component (Power Electronics Devices, Harmonic Filter, Thyristor, Reactor, Capacitor Bank, GIS Switchgear, Surge Arrester, Control Protection system) and Regional Forecasts 2020-2027.

Global Static Var Compensator (SVC) Market is valued approximately USD 753.9 million in 2019 and is anticipated to grow with a healthy growth rate of more than 4.2 % over the forecast period 2020-2027. Static VAR compensator is usually called as SVC. It is a power quality tool involved in power electronics to run the imprudent power flow to which it is associated. s On very high-voltage electrical systems the compensators provide fast-acting reactive power compensation. In other words, a static VAR compensator controls and adjusts the voltage of devices to the desired set point, thus offering fast-acting reactive power on transmission networks. Static VAR compensators are chiefly utilized in large industries, such as to lower voltage fluctuations, steel-making plants, and flicker compensation. The Static Var Compensator (SVC) market is primarily driven owing to Surge in demand for renewable sources of Energy and increasing investments in the field. For Instance: as per IRENA, in 2017 the total amount of electricity generated from renewables was 6191 TWh which was 293TWh higher than in 2016 an increase of 5%. Also, Solar generation increased by over 35% while wind power generation by 20%. The increase in renewable sources of energy drives the market growth. Further, requirements associated with Power Quality & Network Reliability along with upgradation & replacement of aging power infrastructure precise in developing countries on the global scenario. However, lack of awareness impedes the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Static Var Compensator (SVC) market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing penetration and awareness regarding use of renewable sources of energy and the investments for upgradation of aging power infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising urbanization and increasing investments in the renewable energy sector coupled with escalating energy demand would create lucrative growth prospects for the Static Var Compensator (SVC) market across Asia-Pacific region.

Major market player included in this report are:

ABB Ltd

General Electric

Siemens AG

Mitsubishi Electric Corporation

Eaton Corporation PLC

American Electric Power

Hyosung

American Superconductor Corporation

Rongxin Power Electronic Co Ltd

Nr Electric Co, Ltd

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Thyristor-Based SVC

Magnetically Controlled Reactor (MCR)-Based SVC

By Component:

Power Electronics Devices

Harmonic Filter

Thyristor, Reactor

Capacitor Bank

GIS Switchgear

Surge Arrester

Control Protection system

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018

Base year - 2019

Forecast period - 2020 to 2027

Target Audience of the Global Static Var Compensator (SVC) Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
    • 1.2.1. Static Var Compensator (SVC) Market, by Region, 2018-2027 (USD Billion)
    • 1.2.2. Static Var Compensator (SVC) Market, by Type, 2018-2027 (USD Billion)
    • 1.2.3. Static Var Compensator (SVC) Market, by Component, 2018-2027 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Static Var Compensator (SVC) Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Static Var Compensator (SVC) Market Dynamics

  • 3.1. Static Var Compensator (SVC) Market Impact Analysis (2018-2027)
    • 3.1.1. Market Drivers
    • 3.1.2. Market Challenges
    • 3.1.3. Market Opportunities

Chapter 4. Global Static Var Compensator (SVC) Market: Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Static Var Compensator (SVC) Market, by Type

  • 5.1. Market Snapshot
  • 5.2. Global Static Var Compensator (SVC) Market by Type, Performance - Potential Analysis
  • 5.3. Global Static Var Compensator (SVC) Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
  • 5.4. Static Var Compensator (SVC) Market, Sub Segment Analysis
    • 5.4.1. Thyristor-Based SVC
    • 5.4.2. Magnetically Controlled Reactor (MCR)-Based SVC

Chapter 6. Global Static Var Compensator (SVC) Market, by Component

  • 6.1. Market Snapshot
  • 6.2. Global Static Var Compensator (SVC) Market by Component, Performance - Potential Analysis
  • 6.3. Global Static Var Compensator (SVC) Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
  • 6.4. Static Var Compensator (SVC) Market, Sub Segment Analysis
    • 6.4.1. Power Electronics Devices
    • 6.4.2. Harmonic Filter
    • 6.4.3. Thyristor, Reactor
    • 6.4.4. Capacitor Bank
    • 6.4.5. GIS Switchgear
    • 6.4.6. Surge Arrester
    • 6.4.7. Control Protection system

Chapter 7. Global Static Var Compensator (SVC) Market, Regional Analysis

  • 7.1. Static Var Compensator (SVC) Market, Regional Market Snapshot
  • 7.2. North America Static Var Compensator (SVC) Market
    • 7.2.1. U.S. Static Var Compensator (SVC) Market
      • 7.2.1.1. Type breakdown estimates & forecasts, 2017-2027
      • 7.2.1.2. Component breakdown estimates & forecasts, 2017-2027
    • 7.2.2. Canada Static Var Compensator (SVC) Market
  • 7.3. Europe Static Var Compensator (SVC) Market Snapshot
    • 7.3.1. U.K. Static Var Compensator (SVC) Market
    • 7.3.2. Germany Static Var Compensator (SVC) Market
    • 7.3.3. France Static Var Compensator (SVC) Market
    • 7.3.4. Spain Static Var Compensator (SVC) Market
    • 7.3.5. Italy Static Var Compensator (SVC) Market
    • 7.3.6. Rest of Europe Static Var Compensator (SVC) Market
  • 7.4. Asia-Pacific Static Var Compensator (SVC) Market Snapshot
    • 7.4.1. China Static Var Compensator (SVC) Market
    • 7.4.2. India Static Var Compensator (SVC) Market
    • 7.4.3. Japan Static Var Compensator (SVC) Market
    • 7.4.4. Australia Static Var Compensator (SVC) Market
    • 7.4.5. South Korea Static Var Compensator (SVC) Market
    • 7.4.6. Rest of Asia Pacific Static Var Compensator (SVC) Market
  • 7.5. Latin America Static Var Compensator (SVC) Market Snapshot
    • 7.5.1. Brazil Static Var Compensator (SVC) Market
    • 7.5.2. Mexico Static Var Compensator (SVC) Market
  • 7.6. Rest of The World Static Var Compensator (SVC) Market

Chapter 8. Competitive Intelligence

  • 8.1. Top Market Strategies
  • 8.2. Company Profiles
    • 8.2.1. ABB Ltd
      • 8.2.1.1. Key Information
      • 8.2.1.2. Overview
      • 8.2.1.3. Financial (Subject to Data Availability)
      • 8.2.1.4. Product Summary
      • 8.2.1.5. Recent Developments
    • 8.2.2. General Electric
    • 8.2.3. Siemens AG
    • 8.2.4. Mitsubishi Electric Corporation
    • 8.2.5. Eaton Corporation PLC
    • 8.2.6. American Electric Power
    • 8.2.7. Hyosung
    • 8.2.8. American Superconductor Corporation
    • 8.2.9. Rongxin Power Electronic Co Ltd
    • 8.2.10. Nr Electric Co, Ltd

Chapter 9. Research Process

  • 9.1. Research Process
    • 9.1.1. Data Mining
    • 9.1.2. Analysis
    • 9.1.3. Market Estimation
    • 9.1.4. Validation
    • 9.1.5. Publishing
  • 9.2. Research Attributes
  • 9.3. Research Assumption

LIST OF TABLES

  • TABLE 1. Global Static Var Compensator (SVC) market, report scope
  • TABLE 2. Global Static Var Compensator (SVC) market estimates & forecasts by Region 2017-2027 (USD Billion)
  • TABLE 3. Global Static Var Compensator (SVC) market estimates & forecasts by Type 2017-2027 (USD Billion)
  • TABLE 4. Global Static Var Compensator (SVC) market estimates & forecasts by Component 2017-2027 (USD Billion)
  • TABLE 5. Global Static Var Compensator (SVC) market by segment, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 6. Global Static Var Compensator (SVC) market by region, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 7. Global Static Var Compensator (SVC) market by segment, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 8. Global Static Var Compensator (SVC) market by region, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 9. Global Static Var Compensator (SVC) market by segment, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 10. Global Static Var Compensator (SVC) market by region, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 11. Global Static Var Compensator (SVC) market by segment, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 12. Global Static Var Compensator (SVC) market by region, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 13. Global Static Var Compensator (SVC) market by segment, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 14. Global Static Var Compensator (SVC) market by region, estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 15. U.S. Static Var Compensator (SVC) market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 16. U.S. Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 17. U.S. Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 18. Canada Static Var Compensator (SVC) market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 19. Canada Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 20. Canada Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 21. UK Static Var Compensator (SVC) market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 22. UK Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 23. UK Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 24. Germany Static Var Compensator (SVC) market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 25. Germany Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 26. Germany Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 27. RoE Static Var Compensator (SVC) market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 28. RoE Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 29. RoE Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 30. China Static Var Compensator (SVC) market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 31. China Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 32. China Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 33. India Static Var Compensator (SVC) market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 34. India Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 35. India Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 36. Japan Static Var Compensator (SVC) market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 37. Japan Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 38. Japan Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 39. RoAPAC Static Var Compensator (SVC) market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 40. RoAPAC Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 41. RoAPAC Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 42. Brazil Static Var Compensator (SVC) market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 43. Brazil Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 44. Brazil Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 45. Mexico Static Var Compensator (SVC) market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 46. Mexico Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 47. Mexico Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 48. RoLA Static Var Compensator (SVC) market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 49. RoLA Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 50. RoLA Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 51. Row Static Var Compensator (SVC) market estimates & forecasts, 2017-2027 (USD Billion)
  • TABLE 52. Row Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 53. Row Static Var Compensator (SVC) market estimates & forecasts by segment 2017-2027 (USD Billion)
  • TABLE 54. List of secondary sources, used in the study of global Static Var Compensator (SVC) market
  • TABLE 55. List of primary sources, used in the study of global Static Var Compensator (SVC) market
  • TABLE 56. Years considered for the study
  • TABLE 57. Exchange rates considered

LIST OF FIGURES

  • FIG 1. Global Static Var Compensator (SVC) market, research methodology
  • FIG 2. Global Static Var Compensator (SVC) market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Static Var Compensator (SVC) market, key trends 2019
  • FIG 5. Global Static Var Compensator (SVC) market, growth prospects 2020-2027
  • FIG 6. Global Static Var Compensator (SVC) market, porters 5 force model
  • FIG 7. Global Static Var Compensator (SVC) market, pest analysis
  • FIG 8. Global Static Var Compensator (SVC) market, value chain analysis
  • FIG 9. Global Static Var Compensator (SVC) market by segment, 2017 & 2027 (USD Billion)
  • FIG 10. Global Static Var Compensator (SVC) market by segment, 2017 & 2027 (USD Billion)
  • FIG 11. Global Static Var Compensator (SVC) market by segment, 2017 & 2027 (USD Billion)
  • FIG 12. Global Static Var Compensator (SVC) market by segment, 2017 & 2027 (USD Billion)
  • FIG 13. Global Static Var Compensator (SVC) market by segment, 2017 & 2027 (USD Billion)
  • FIG 14. Global Static Var Compensator (SVC) market, regional snapshot 2017 & 2027
  • FIG 15. North America Static Var Compensator (SVC) market 2017 & 2027 (USD Billion)
  • FIG 16. Europe Static Var Compensator (SVC) market 2017 & 2027 (USD Billion)
  • FIG 17. Asia pacific Static Var Compensator (SVC) market 2017 & 2027 (USD Billion)
  • FIG 18. Latin America Static Var Compensator (SVC) market 2017 & 2027 (USD Billion)
  • FIG 19. Global Static Var Compensator (SVC) market, company market share analysis (2019)
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