Market Overview:
The global Static Var Generator (SVG) & Static Var Compensator (SVC) market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the SVG & SVC market can be attributed to the increasing demand for renewable energy and rising concerns about grid stability. The GTO type SVG is expected to hold the largest share of the global SVG market in 2018, followed by IGBT type, IGCT type, SCR type and GTR type. The MOSFET type static var compensator is projected to grow at the highest CAGR during the forecast period. In terms of application, renewable energy accounted for the largest share ofthe global SVG market in 2017.
 & Static Var Compensator (SVC) Industry Outlook.svg)
Product Definition:
Static Var Generator (SVG) is a device used to generate static var. Static Var Compensator (SVC) is a device used to compensate for the loss of static var in the system. The importance of Static Var Generator (SVG) & Static Var Compensator (SVC) is that they help to maintain voltage stability in the system.
GTO Type:
Global GTO (Generalized Traffic Offering) is a type of online advertising service. It involves the measurement of website traffic via cookies and similar technologies. The data obtained from these services can be used to deliver targeted advertisements to users based on their preferences, which in turn improves the performance of the websites.
The global market for GTO was valued at USD 2,15 billion in 2015.
IGBT Type:
IGBT is an electronic device used in power supplies and energy harvesting applications. It is a two-dimensional semiconductor material, which has several electrical properties such as high on-state current ( typically more than 1,000 amperes) and low off-state voltage ( typically less than 0.6 of the on state voltage).
Application Insights:
The other application segment includes the transportation and power generation sectors. In 2016, the electric utilities sector accounted for more than 40% of the overall revenue share. The growth can be attributed to increasing demand for electricity across emerging economies including China, India and Brazil. Furthermore, a growing number of power projects in these regions is expected to augment demand over the forecast period.
The renewable energy segment is projected to witness significant growth over the forecast period owing to rising investments in various countries including China, India and Brazil that are focusing on developing solar parks with high capacities for generating electricity from solar rays.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to increasing investments in renewable energy and electric utilities sectors, which will lead to an increase in demand for dynamic var compensators as well as static var generators.
Asia Pacific is anticipated to emerge as the fastest-growing regional market from 2018 to 2030 owing its high potential for development of various applications including industrial & manufacturing, renewable energy, and electric utilities sector.
Europe accounted for more than 25% share of global revenue in 2017 owing its large installed base of power electronics manufacturers such Siemens AG & Co.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid deployment of renewable energy sources such as solar and wind power
- Favourable government policies and regulations for the use of SVG & SVC technologies
- Growing awareness about the benefits of SVG & SVC among consumers and businesses
- Technological advancements that make these devices more efficient, reliable, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Static Var Generator (SVG) & Static Var Compensator (SVC) Market Research Report
By Type
GTO Type, IGBT Type, IGCT Type, SCR Type, GTR Type, MOSFET Type, Static Var Compensator
By Application
Renewable Energy, Electric Utilities, Industrial & Manufacturing, Other
By Companies
ABB, Siemens, Rongxin Power Electronic, Sieyuan Electric, Mitsubishi Electric, Hitachi, Toshiba, S&C Electric, GE, Hangzhou Yinhu Electric, AMSC, Xian XD Power, Weihan, Ingeteam, Hengshun Zhongsheng, Sinexcel, Merus Power, Baoding Sifang Sanyi Electric, Xuji Group Corporation, Zhiguang Electric, Comsys AB, Beijing In-power Electric Co., Ltd, Surpass Sun Electric
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
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Static Var Generator (SVG) & Static Var Compensator (SVC) Market Report Segments:
The global Static Var Generator (SVG) & Static Var Compensator (SVC) market is segmented on the basis of:
Types
GTO Type, IGBT Type, IGCT Type, SCR Type, GTR Type, MOSFET Type, Static Var Compensator
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
Renewable Energy, Electric Utilities, Industrial & Manufacturing, Other
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:
- ABB
- Siemens
- Rongxin Power Electronic
- Sieyuan Electric
- Mitsubishi Electric
- Hitachi
- Toshiba
- S&C Electric
- GE
- Hangzhou Yinhu Electric
- AMSC
- Xian XD Power
- Weihan
- Ingeteam
- Hengshun Zhongsheng
- Sinexcel
- Merus Power
- Baoding Sifang Sanyi Electric
- Xuji Group Corporation
- Zhiguang Electric
- Comsys AB
- Beijing In-power Electric Co., Ltd
- Surpass Sun Electric
 & Static Var Compensator (SVC) Market Overview.svg)
Highlights of The Static Var Generator (SVG) & Static Var Compensator (SVC) 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:
- GTO Type
- IGBT Type
- IGCT Type
- SCR Type
- GTR Type
- MOSFET Type
- Static Var Compensator
- By Application:
- Renewable Energy
- Electric Utilities
- Industrial & Manufacturing
- Other
- 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) & Static Var Compensator (SVC) 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
 & Static Var Compensator (SVC) 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 (SVG) is a tool that helps you generate static variables in your code. Static Var Compensator (SVC) is a tool that helps you compensate for static variables in your code.
Some of the key players operating in the static var generator (svg) & static var compensator (svc) market are ABB, Siemens, Rongxin Power Electronic, Sieyuan Electric, Mitsubishi Electric, Hitachi, Toshiba, S&C Electric, GE, Hangzhou Yinhu Electric, AMSC, Xian XD Power, Weihan, Ingeteam, Hengshun Zhongsheng, Sinexcel, Merus Power, Baoding Sifang Sanyi Electric, Xuji Group Corporation, Zhiguang Electric, Comsys AB, Beijing In-power Electric Co., Ltd, Surpass Sun Electric.
The static var generator (svg) & static var compensator (svc) market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Static Var Generator (SVG) & Static Var Compensator (SVC) 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) & Static Var Compensator (SVC) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Static Var Generator (SVG) & Static Var Compensator (SVC) 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) & Static Var Compensator (SVC) 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) & Static Var Compensator (SVC) Market Size & Forecast, 2018-2028
4.5.1 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size and Y-o-Y Growth
4.5.2 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Absolute $ Opportunity
Chapter 5 Global Static Var Generator (SVG) & Static Var Compensator (SVC) 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 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size Forecast by Type
5.2.1 GTO Type
5.2.2 IGBT Type
5.2.3 IGCT Type
5.2.4 SCR Type
5.2.5 GTR Type
5.2.6 MOSFET Type
5.2.7 Static Var Compensator
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Static Var Generator (SVG) & Static Var Compensator (SVC) 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 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size Forecast by Applications
6.2.1 Renewable Energy
6.2.2 Electric Utilities
6.2.3 Industrial & Manufacturing
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Static Var Generator (SVG) & Static Var Compensator (SVC) 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) & Static Var Compensator (SVC) 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 Static Var Generator (SVG) & Static Var Compensator (SVC) Analysis and Forecast
9.1 Introduction
9.2 North America Static Var Generator (SVG) & Static Var Compensator (SVC) 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 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size Forecast by Type
9.6.1 GTO Type
9.6.2 IGBT Type
9.6.3 IGCT Type
9.6.4 SCR Type
9.6.5 GTR Type
9.6.6 MOSFET Type
9.6.7 Static Var Compensator
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 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size Forecast by Applications
9.10.1 Renewable Energy
9.10.2 Electric Utilities
9.10.3 Industrial & Manufacturing
9.10.4 Other
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 Static Var Generator (SVG) & Static Var Compensator (SVC) Analysis and Forecast
10.1 Introduction
10.2 Europe Static Var Generator (SVG) & Static Var Compensator (SVC) 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 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size Forecast by Type
10.6.1 GTO Type
10.6.2 IGBT Type
10.6.3 IGCT Type
10.6.4 SCR Type
10.6.5 GTR Type
10.6.6 MOSFET Type
10.6.7 Static Var Compensator
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 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size Forecast by Applications
10.10.1 Renewable Energy
10.10.2 Electric Utilities
10.10.3 Industrial & Manufacturing
10.10.4 Other
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 Static Var Generator (SVG) & Static Var Compensator (SVC) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Static Var Generator (SVG) & Static Var Compensator (SVC) 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 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size Forecast by Type
11.6.1 GTO Type
11.6.2 IGBT Type
11.6.3 IGCT Type
11.6.4 SCR Type
11.6.5 GTR Type
11.6.6 MOSFET Type
11.6.7 Static Var Compensator
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 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size Forecast by Applications
11.10.1 Renewable Energy
11.10.2 Electric Utilities
11.10.3 Industrial & Manufacturing
11.10.4 Other
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 Static Var Generator (SVG) & Static Var Compensator (SVC) Analysis and Forecast
12.1 Introduction
12.2 Latin America Static Var Generator (SVG) & Static Var Compensator (SVC) 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 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size Forecast by Type
12.6.1 GTO Type
12.6.2 IGBT Type
12.6.3 IGCT Type
12.6.4 SCR Type
12.6.5 GTR Type
12.6.6 MOSFET Type
12.6.7 Static Var Compensator
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 Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size Forecast by Applications
12.10.1 Renewable Energy
12.10.2 Electric Utilities
12.10.3 Industrial & Manufacturing
12.10.4 Other
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) Static Var Generator (SVG) & Static Var Compensator (SVC) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Static Var Generator (SVG) & Static Var Compensator (SVC) 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) Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size Forecast by Type
13.6.1 GTO Type
13.6.2 IGBT Type
13.6.3 IGCT Type
13.6.4 SCR Type
13.6.5 GTR Type
13.6.6 MOSFET Type
13.6.7 Static Var Compensator
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) Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size Forecast by Applications
13.10.1 Renewable Energy
13.10.2 Electric Utilities
13.10.3 Industrial & Manufacturing
13.10.4 Other
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) & Static Var Compensator (SVC) Market: Competitive Dashboard
14.2 Global Static Var Generator (SVG) & Static Var Compensator (SVC) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Rongxin Power Electronic
14.3.4 Sieyuan Electric
14.3.5 Mitsubishi Electric
14.3.6 Hitachi
14.3.7 Toshiba
14.3.8 S&C Electric
14.3.9 GE
14.3.10 Hangzhou Yinhu Electric
14.3.11 AMSC
14.3.12 Xian XD Power
14.3.13 Weihan
14.3.14 Ingeteam
14.3.15 Hengshun Zhongsheng
14.3.16 Sinexcel
14.3.17 Merus Power
14.3.18 Baoding Sifang Sanyi Electric
14.3.19 Xuji Group Corporation
14.3.20 Zhiguang Electric
14.3.21 Comsys AB
14.3.22 Beijing In-power Electric Co., Ltd
14.3.23 Surpass Sun Electric
