Market Overview:
The global reactive power compensation SVC market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for reactive power compensation systems from various end-use industries, such as metallurgical industry, power grid network, wind power, electrified railway and chemical and coal mine industry. In addition, the growing awareness about the benefits of using reactive power compensation systems is also contributing to the growth of this market. The global reactive power compensation SVC market can be segmented on the basis of type into time-domain scalability SVCs, spatial scalability SVCs and quality scalability SVCs.Onthebasisofregion,. However,.
Product Definition:
Reactive power compensation is the process of providing a controllable voltage source in order to improve the power factor (PF) of an electrical load. A reactive power compensation SVC is a special type of voltage controller that can provide this reactive power.
Time-domain Scalability SVC:
Time-domain scalability SVC (TSSVC) is a new feature in LTE that allows to scale up the capacity of system by adding more users in the cell. It's different from Frequency- domain or Time- Domain Synchronization (FDS) used for frequency reuse and handoff management. TSSVC works on the principle of time division multiplexing, where each user is allocated a dedicated time slot during which their data can be transmitted over the network.
Spatial Scalability SVC:
The spatial scalability virtual circuit (SVC) is a technology that allows the dynamic addition and removal of hardware from a power grid without affecting the other components. It helps in reactive power compensation, which is an essential component for implementing efficient smart grids. The SVC market has been growing at a steady pace owing to increasing government initiatives towards energy efficiency and conservation as well as rising consumer demand for reliable electricity supply with minimal outages.
Application Insights:
The global reactive power compensation SVC market is segmented by application into metallurgical industry, power grid network, wind power, electrified railway and others. In 2017, the metallurgical industry accounted for the largest share in terms of applications and revenue. The growth can be attributed to increasing demand for steel from construction sector as well as automotive manufacturers across the globe.
Reactive Power Compensation (RPC) solutions are used in various industries such as oil & gas; chemical; coal mine; food & beverage; pulp & paper etc., to improve energy efficiency by reducing electricity consumption during periods of low load or when there is no requirement of extra energy production capacity. These solutions help industrial users to balance their electrical loads with available generation sources thereby reducing overall electricity costs associated with it.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for reactive power compensation solutions in countries, such as China and India. In addition, rising investments in transmission and distribution infrastructure are also anticipated to drive industry expansion over the coming years.
The Asia Pacific region accounted for a revenue share of 23% in 2017 owing to growing industrialization across emerging economies, such as China and India. Moreover, increasing electricity consumption due to rapid urbanization has also spurred product demand across this region; hence driving overall industry expansion over the past few years.
Europe was estimated at USD X million in 2017 owing with high penetration of SVCs used within wind farms along with other renewable energy sources for power generation thereby reducing carbon emissions into environment which is further expected boost growth prospects during the forecast period from 2018 till 2030 timeframe).
Growth Factors:
- Increasing demand for reactive power compensation from the industrial and commercial sectors
- Rapid growth in renewable energy sources, which require reactive power compensation for grid stabilization
- Rising electricity prices, which is making reactive power compensation more cost-effective
- The increasing popularity of microgrids and distributed generation systems, which need to be properly balanced with the larger grid system
- Advances in technology that are making SVCs smaller, lighter, and more efficient
Scope Of The Report
Report Attributes
Report Details
Report Title
Reactive Power Compensation SVC Market Research Report
By Type
Time-domain Scalability SVC, Spatial Scalability SVC, Quality Scalability SVC
By Application
Metallurgical Industry, Power Grid Network, Wind Power, Electrified Railway, Chemical and Coal Mine Industry
By Companies
ABB, Siemens, Baoding UNT Electric, Captech, Irizar Group, Coil Innovation, Haerbin Weihan Electronic Equipment, GE, Sieyuan Electric, Hyosung
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Reactive Power Compensation SVC Market Report Segments:
The global Reactive Power Compensation SVC market is segmented on the basis of:
Types
Time-domain Scalability SVC, Spatial Scalability SVC, Quality Scalability 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
Metallurgical Industry, Power Grid Network, Wind Power, Electrified Railway, Chemical and Coal Mine Industry
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
- Baoding UNT Electric
- Captech
- Irizar Group
- Coil Innovation
- Haerbin Weihan Electronic Equipment
- GE
- Sieyuan Electric
- Hyosung
Highlights of The Reactive Power Compensation 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:
- Time-domain Scalability SVC
- Spatial Scalability SVC
- Quality Scalability SVC
- By Application:
- Metallurgical Industry
- Power Grid Network
- Wind Power
- Electrified Railway
- Chemical and Coal Mine Industry
- 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 Reactive Power Compensation 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
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?
Reactive power compensation SVC is a technology that helps utilities manage and compensate for changes in electricity demand. It uses sensors to detect when appliances are turned on or off, and then adjusts the amount of power being sent to those appliances. This helps keep the grid stable and avoids costly outages.
Some of the key players operating in the reactive power compensation svc market are ABB, Siemens, Baoding UNT Electric, Captech, Irizar Group, Coil Innovation, Haerbin Weihan Electronic Equipment, GE, Sieyuan Electric, Hyosung.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Reactive Power Compensation SVC Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Reactive Power Compensation SVC Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Reactive Power Compensation SVC Market - Supply Chain
4.5. Global Reactive Power Compensation SVC Market Forecast
4.5.1. Reactive Power Compensation SVC Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Reactive Power Compensation SVC Market Size (000 Units) and Y-o-Y Growth
4.5.3. Reactive Power Compensation SVC Market Absolute $ Opportunity
5. Global Reactive Power Compensation SVC Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Reactive Power Compensation SVC Market Size and Volume Forecast by Type
5.3.1. Time-domain Scalability SVC
5.3.2. Spatial Scalability SVC
5.3.3. Quality Scalability SVC
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Reactive Power Compensation SVC Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Reactive Power Compensation SVC Market Size and Volume Forecast by Application
6.3.1. Metallurgical Industry
6.3.2. Power Grid Network
6.3.3. Wind Power
6.3.4. Electrified Railway
6.3.5. Chemical and Coal Mine Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Reactive Power Compensation SVC Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Reactive Power Compensation SVC Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Reactive Power Compensation SVC Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Reactive Power Compensation SVC Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Reactive Power Compensation SVC Demand Share Forecast, 2019-2026
9. North America Reactive Power Compensation SVC Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Reactive Power Compensation SVC Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Reactive Power Compensation SVC Market Size and Volume Forecast by Application
9.4.1. Metallurgical Industry
9.4.2. Power Grid Network
9.4.3. Wind Power
9.4.4. Electrified Railway
9.4.5. Chemical and Coal Mine Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Reactive Power Compensation SVC Market Size and Volume Forecast by Type
9.7.1. Time-domain Scalability SVC
9.7.2. Spatial Scalability SVC
9.7.3. Quality Scalability SVC
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Reactive Power Compensation SVC Demand Share Forecast, 2019-2026
10. Latin America Reactive Power Compensation SVC Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Reactive Power Compensation SVC Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Reactive Power Compensation SVC Market Size and Volume Forecast by Application
10.4.1. Metallurgical Industry
10.4.2. Power Grid Network
10.4.3. Wind Power
10.4.4. Electrified Railway
10.4.5. Chemical and Coal Mine Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Reactive Power Compensation SVC Market Size and Volume Forecast by Type
10.7.1. Time-domain Scalability SVC
10.7.2. Spatial Scalability SVC
10.7.3. Quality Scalability SVC
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Reactive Power Compensation SVC Demand Share Forecast, 2019-2026
11. Europe Reactive Power Compensation SVC Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Reactive Power Compensation SVC Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Reactive Power Compensation SVC Market Size and Volume Forecast by Application
11.4.1. Metallurgical Industry
11.4.2. Power Grid Network
11.4.3. Wind Power
11.4.4. Electrified Railway
11.4.5. Chemical and Coal Mine Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Reactive Power Compensation SVC Market Size and Volume Forecast by Type
11.7.1. Time-domain Scalability SVC
11.7.2. Spatial Scalability SVC
11.7.3. Quality Scalability SVC
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Reactive Power Compensation SVC Demand Share, 2019-2026
12. Asia Pacific Reactive Power Compensation SVC Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Reactive Power Compensation SVC Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Reactive Power Compensation SVC Market Size and Volume Forecast by Application
12.4.1. Metallurgical Industry
12.4.2. Power Grid Network
12.4.3. Wind Power
12.4.4. Electrified Railway
12.4.5. Chemical and Coal Mine Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Reactive Power Compensation SVC Market Size and Volume Forecast by Type
12.7.1. Time-domain Scalability SVC
12.7.2. Spatial Scalability SVC
12.7.3. Quality Scalability SVC
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Reactive Power Compensation SVC Demand Share, 2019-2026
13. Middle East & Africa Reactive Power Compensation SVC Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Reactive Power Compensation SVC Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Reactive Power Compensation SVC Market Size and Volume Forecast by Application
13.4.1. Metallurgical Industry
13.4.2. Power Grid Network
13.4.3. Wind Power
13.4.4. Electrified Railway
13.4.5. Chemical and Coal Mine Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Reactive Power Compensation SVC Market Size and Volume Forecast by Type
13.7.1. Time-domain Scalability SVC
13.7.2. Spatial Scalability SVC
13.7.3. Quality Scalability SVC
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Reactive Power Compensation SVC Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Reactive Power Compensation SVC Market: Market Share Analysis
14.2. Reactive Power Compensation SVC Distributors and Customers
14.3. Reactive Power Compensation SVC Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Baoding UNT Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Captech
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Irizar Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Coil Innovation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Haerbin Weihan Electronic Equipment
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GE
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sieyuan Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hyosung
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
