Market Overview:
The global Var compensators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient solutions across various industries and the growing need for voltage regulation in transmission and distribution networks. The global Var compensators market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into TCR-typed SVCs, MCR-typed SVCs, and TSC-typed SVCs. The TCR-type SVC segment is expected to hold a major share of the global Var compensators market during the forecast period owing to its high efficiency and low maintenance requirements. On the basis of application,the utilities sector accounts for a majority share ofthe globalVar compensatorsmarket dueto theeincreasing demandfor voltage regulation in this sector across various regions worldwide.
Product Definition:
Var compensators are devices used to reduce the voltage fluctuations in an electrical system. They are important because they help maintain a consistent voltage level, which is necessary for proper operation of electrical equipment.
TCR-typed SVC:
TCR-typed SVC (Tandem Compensator Research Type) is a new research type of protein engineering approach that aims at increasing the functional versatility of existing proteins by leveraging the knowledge and toolsets developed for TCRs. The general strategy involves modifying or replacing amino acids in the existing protein with suitable replacements selected from a pool of candidate variants.
MCR- typed SVC:
MCR-typed SVC (Multiple Compound Rerun) is a technique used in the field of computational molecular dynamics to combine multiple compounds into a single run. It reduces the time required for performing MD runs and also helps in saving cost, space and resources. MCR-typed SVC has been implemented with different compilers & software platforms such as OpenMP, PGI MPI2, Intel MKL etc.
Application Insights:
The utilities application segment accounted for the largest revenue share of over 40% in 2017. The segment is expected to witness significant growth on account of increasing demand from residential and commercial sectors. Increasing number of power projects across the globe has resulted in growing need for Var compensators, which will further propel product demand over the forecast period.
Industrial applications include chemical, petrochemical and pharmaceutical industries where process VARs are used to control chemical reactions or achieve specific flow rates with minimal variances in reactant concentrations or temperatures. Process control using VARs helps achieve higher accuracy while measuring temperature & concentration as compared to conventional methods such as PID controllers & feedback controllers which have inherent inaccuracies due to their reliance on human observation for determining setpoint values during controller operation. These factors are projected to drive product demand during industrial applications over the forecast period.
Transport applications include railways, road transport.
Regional Analysis:
Europe accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region is anticipated to witness a growth rate of 5.4% from 2018 to 2030 owing to increasing demand for high performance electric motors and generators across various applications in Germany, U.K., France, Italy, and other countries.
The Asia Pacific regional market was valued at USD X million in 2017 owing to growing industrialization along with rapid urbanization that has resulted into increased power requirements across emerging economies such as China, India, Indonesia among others are expected drive industry growth over the next eight years. ‘’ 8 years ago by Semiconductor Industry Association (SIA) which represents more than 300 semiconductor companies including Intel Corporation; Texas Instruments Inc.; Samsung Electronics Co., Ltd.; Renesas Electronics Corp.; Broadcom Inc.
Growth Factors:
- Increasing demand for Var compensators in the industrial sector to stabilize voltage and current fluctuations
- Growing popularity of renewable energy sources such as solar and wind power, which require Var compensators for grid stabilization
- Proliferation of smart grids that need advanced Var compensators for improved efficiency
- Rising concerns over grid security and the need for better voltage regulation to prevent blackouts
- Advances in digital control technologies that are making Var compensators more intelligent and efficient
Scope Of The Report
Report Attributes
Report Details
Report Title
Var Compensators Market Research Report
By Type
TCR-typed SVC, MCR- typed SVC, TSC- typed SVC
By Application
Utilities, Industrial, Transport
By Companies
ABB, Siemens, Hitachi, Toshiba, AMSC, Alstom, GE, Mitsubishi Electric, S&C Electric, Sieyuan, Rongxin, Weihan Power, Epri, XJ Group, Xidian Power, Yinhu Electric, Sanyi Electric, Surpass Sun Electric, Sound Power, Hengshun 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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Var Compensators Market Report Segments:
The global Var Compensators market is segmented on the basis of:
Types
TCR-typed SVC, MCR- typed SVC, TSC- typed SVC
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
Utilities, Industrial, Transport
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
- Hitachi
- Toshiba
- AMSC
- Alstom
- GE
- Mitsubishi Electric
- S&C Electric
- Sieyuan
- Rongxin
- Weihan Power
- Epri
- XJ Group
- Xidian Power
- Yinhu Electric
- Sanyi Electric
- Surpass Sun Electric
- Sound Power
- Hengshun Electric
Highlights of The Var Compensators 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:
- TCR-typed SVC
- MCR- typed SVC
- TSC- typed SVC
- By Application:
- Utilities
- Industrial
- Transport
- 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 Var Compensators 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.
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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?
Var compensators are a type of electronic noise suppressor used in audio equipment to reduce the amplitude of unwanted signals. Var compensators work by detecting and correcting for variations in amplitude that occur due to interference from other sources, such as electrical hums or radio frequency (RF) interference.
Some of the major players in the var compensators market are ABB, Siemens, Hitachi, Toshiba, AMSC, Alstom, GE, Mitsubishi Electric, S&C Electric, Sieyuan, Rongxin, Weihan Power, Epri, XJ Group, Xidian Power, Yinhu Electric, Sanyi Electric, Surpass Sun Electric, Sound Power, Hengshun Electric.
The var compensators market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Var Compensators 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 Var Compensators Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Var Compensators 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 Var Compensators 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 Var Compensators Market Size & Forecast, 2018-2028 4.5.1 Var Compensators Market Size and Y-o-Y Growth 4.5.2 Var Compensators Market Absolute $ Opportunity
Chapter 5 Global Var Compensators 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 Var Compensators Market Size Forecast by Type
5.2.1 TCR-typed SVC
5.2.2 MCR- typed SVC
5.2.3 TSC- typed SVC
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Var Compensators 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 Var Compensators Market Size Forecast by Applications
6.2.1 Utilities
6.2.2 Industrial
6.2.3 Transport
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Var Compensators 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 Var Compensators 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 Var Compensators Analysis and Forecast
9.1 Introduction
9.2 North America Var Compensators 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 Var Compensators Market Size Forecast by Type
9.6.1 TCR-typed SVC
9.6.2 MCR- typed SVC
9.6.3 TSC- typed SVC
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 Var Compensators Market Size Forecast by Applications
9.10.1 Utilities
9.10.2 Industrial
9.10.3 Transport
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 Var Compensators Analysis and Forecast
10.1 Introduction
10.2 Europe Var Compensators 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 Var Compensators Market Size Forecast by Type
10.6.1 TCR-typed SVC
10.6.2 MCR- typed SVC
10.6.3 TSC- typed SVC
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 Var Compensators Market Size Forecast by Applications
10.10.1 Utilities
10.10.2 Industrial
10.10.3 Transport
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 Var Compensators Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Var Compensators 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 Var Compensators Market Size Forecast by Type
11.6.1 TCR-typed SVC
11.6.2 MCR- typed SVC
11.6.3 TSC- typed SVC
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 Var Compensators Market Size Forecast by Applications
11.10.1 Utilities
11.10.2 Industrial
11.10.3 Transport
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 Var Compensators Analysis and Forecast
12.1 Introduction
12.2 Latin America Var Compensators 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 Var Compensators Market Size Forecast by Type
12.6.1 TCR-typed SVC
12.6.2 MCR- typed SVC
12.6.3 TSC- typed SVC
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 Var Compensators Market Size Forecast by Applications
12.10.1 Utilities
12.10.2 Industrial
12.10.3 Transport
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) Var Compensators Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Var Compensators 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) Var Compensators Market Size Forecast by Type
13.6.1 TCR-typed SVC
13.6.2 MCR- typed SVC
13.6.3 TSC- typed SVC
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) Var Compensators Market Size Forecast by Applications
13.10.1 Utilities
13.10.2 Industrial
13.10.3 Transport
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 Var Compensators Market: Competitive Dashboard
14.2 Global Var Compensators 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 Hitachi
14.3.4 Toshiba
14.3.5 AMSC
14.3.6 Alstom
14.3.7 GE
14.3.8 Mitsubishi Electric
14.3.9 S&C Electric
14.3.10 Sieyuan
14.3.11 Rongxin
14.3.12 Weihan Power
14.3.13 Epri
14.3.14 XJ Group
14.3.15 Xidian Power
14.3.16 Yinhu Electric
14.3.17 Sanyi Electric
14.3.18 Surpass Sun Electric
14.3.19 Sound Power
14.3.20 Hengshun Electric