Market Overview:
Static Var Generator (SVG) is a device that compensates for the voltage fluctuations in an electrical system. It does this by producing a static voltage that is either higher or lower than the line voltage, depending on whether it is used to correct over-voltages or under-voltages. Static var generators are used in a variety of applications, including electric utilities, renewable energy, industrial & manufacturing and others. The global SVG market was valued at $XX million in 2017 and is projected to reach $XX million by 2030, growing at a CAGR of XX% from 2018 to 2030.
 Industry Outlook.svg)
Product Definition:
Static Var Generator (SVG) is a device that produces Static Var (SV), which is used to stabilize the voltage in an electrical grid.
Low Voltage SVG:
Low voltage static var generator (SVG) is a device used to generate the low voltage electricity required by the electronic equipment. The low-voltage electricity is generated through an electric motor which drives a generator, which produces high voltage electricity. Low-voltage static var generators are widely used in power plants for starting up and maintaining the flow of current in electrical distribution systems as well as for providing power to various industries such as oil & gas, chemical processing, etc.
High Voltage SVG:
High voltage SVG is a special type of vector graphic that can be used in Static Var Generator (SVG) to represent the fluctuating parameters of electric devices. It has been designed for representing real-time process data with high accuracy and precision.
Application Insights:
The electric utilities segment accounted for the largest share in 2015 and is projected to continue its dominance over the forecast period. The application of SVG within electrical power generation industry allows stable and continuous operation of equipment, reduces maintenance costs, increases plant efficiency, and extends asset life. These factors are anticipated to drive demand from this sector over the next eight years.
The renewable energy segment is expected to witness significant growth during the forecast period owing to rising investments in various countries across Asia Pacific and Latin America regions. SVG provides benefits such as improved grid stability by reducing Variations In Wind And Solar (ViwS) which results into increased production capacity with reduced operational cost & complexity.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing investments in renewable energy and electric vehicles. Moreover, growing demand for power-efficient devices is also likely to drive regional growth.
The Asia Pacific market was valued at USD X million in 2017 and is projected to grow at a significant rate over the forecast period due to rising disposable income coupled with government initiatives favoring sustainable development of industries across various economies including China, Japan, India and Australia. Increasing use of SVG solutions for controlling industrial processes such as heating & cooling equipment has emerged as a promising application segment for industry participants across this region.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies supporting the use of renewable energy sources over traditional ones
- Favorable regulatory environment for the deployment of SVG systems, which would spur investments in this technology
- Technological advancements that have made SVG systems more efficient and economical
- Growing awareness about the benefits of using SVG systems, which would lead to an increase in their adoption
Scope Of The Report
Report Attributes
Report Details
Report Title
Static Var Generator (SVG) Market Research Report
By Type
Low Voltage SVG, High Voltage SVG
By Application
Electric Utilities, Renewable Energy, Industrial & Manufacturing, Others
By Companies
Siemens, Hitachi ABB, Mitsubishi Electric, GE, AMSC, NR Electric Co., Ltd., Xin Fengguang, Sieyuan Electric, Rongxin Power Electronic Co., Ltd, Taikai Power Electronic, TBEA, XJ Group, Hopewind
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Static Var Generator (SVG) Market Report Segments:
The global Static Var Generator (SVG) market is segmented on the basis of:
Types
Low Voltage SVG, High Voltage SVG
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electric Utilities, Renewable Energy, Industrial & Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens
- Hitachi ABB
- Mitsubishi Electric
- GE
- AMSC
- NR Electric Co., Ltd.
- Xin Fengguang
- Sieyuan Electric
- Rongxin Power Electronic Co., Ltd
- Taikai Power Electronic
- TBEA
- XJ Group
- Hopewind
 Market Overview.svg)
Highlights of The Static Var Generator (SVG) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Voltage SVG
- High Voltage SVG
- By Application:
- Electric Utilities
- Renewable Energy
- Industrial & Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Static Var Generator (SVG) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Static Var Generator is a tool that helps you generate static variables in your code.
Some of the major players in the static var generator (svg) market are Siemens, Hitachi ABB, Mitsubishi Electric, GE, AMSC, NR Electric Co., Ltd., Xin Fengguang, Sieyuan Electric, Rongxin Power Electronic Co., Ltd, Taikai Power Electronic, TBEA, XJ Group, Hopewind.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Static Var Generator (SVG) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Static Var Generator (SVG) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Static Var Generator (SVG) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Static Var Generator (SVG) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Static Var Generator (SVG) Market Size & Forecast, 2020-2028
4.5.1 Static Var Generator (SVG) Market Size and Y-o-Y Growth
4.5.2 Static Var Generator (SVG) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low Voltage SVG
5.2.2 High Voltage SVG
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electric Utilities
6.2.2 Renewable Energy
6.2.3 Industrial & Manufacturing
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Static Var Generator (SVG) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Static Var Generator (SVG) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low Voltage SVG
9.6.2 High Voltage SVG
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electric Utilities
9.10.2 Renewable Energy
9.10.3 Industrial & Manufacturing
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low Voltage SVG
10.6.2 High Voltage SVG
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electric Utilities
10.10.2 Renewable Energy
10.10.3 Industrial & Manufacturing
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low Voltage SVG
11.6.2 High Voltage SVG
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electric Utilities
11.10.2 Renewable Energy
11.10.3 Industrial & Manufacturing
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low Voltage SVG
12.6.2 High Voltage SVG
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electric Utilities
12.10.2 Renewable Energy
12.10.3 Industrial & Manufacturing
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low Voltage SVG
13.6.2 High Voltage SVG
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electric Utilities
13.10.2 Renewable Energy
13.10.3 Industrial & Manufacturing
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Static Var Generator (SVG) Market: Competitive Dashboard
14.2 Global Static Var Generator (SVG) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 Hitachi ABB
14.3.3 Mitsubishi Electric
14.3.4 GE
14.3.5 AMSC
14.3.6 NR Electric Co., Ltd.
14.3.7 Xin Fengguang
14.3.8 Sieyuan Electric
14.3.9 Rongxin Power Electronic Co., Ltd
14.3.10 Taikai Power Electronic
14.3.11 TBEA
14.3.12 XJ Group
14.3.13 Hopewind
