Static VAR Compensator Market by Type, Component, and End Opportunity Analysis and Industry Forecast, 2016-2023 Use: Global Opportunity Analysis and Static VAR Compensator Industry Forecast, 2021-2030
Pages: 230 Charts: 78 Tables: 130
Static VAR Compensator Market : Outlook (2021 to 2030)
Top Impacting Factors: • The global static VAR compensator market size was valued at $758.2 million in 2020, and is projected to reach $1,135.4 million by 2030, growing at a CAGR of 4.1% from 2021 to 2030. • Static VAR compensator (SVC) is a static generator or absorber that is used to adjust the current output to exchange capacitive current.
• Increasing fuel prices and rising awareness of zero-emission transport systems have made the governments of India, Bangladesh, and others increase the emphasis on electrified track work.
Pages: 230 Charts: 78 Tables: 130
Static VAR Compensator Market : Outlook (2021 to 2030)
• It also consists of a built-in event logger with automated time stamping of one millisecond
resolution and can be remotely accessed via the internet using a secured protocol. • Thus, the use of advance digital control SVC systems with automated control features is anticipated to open up new sales opportunities in the market. • However, high installation cost of static VAR compensator is predicted to hamper the market growth.
Static VAR Compensator Market : Outlook (2021 to 2030)
The Static VAR Compensator Market is segmented on the basis:
• On the basis of ype, the market is segregated into thyristor based and MCR based. The thyristor-based segment dominated the global market in terms of revenue in 2020, with over three-fourth of the total share. • On the basis of component, the global static VAR compensator market is classified into power electronic device, harmonic filter, thyristor, reactor, capacitor bank, GIS switchgear, control
protection system, and others. • On the basis of end use, the market is divided into electric utility, railways, industrial, and oil &
gas.
Static VAR Compensator Market : Outlook (2021 to 2030)
The key players profiled in the report include:
• • • • • • • • • •
American Superconductor Eaton General Electric Hitachi ABB Power Grids Mitsubishi Electric Corporation Nidec Industrial Solutions NISSIN ELECTRIC Co., Ltd. NR Electric Co., Ltd. Rongxin Power Ltd. Siemens AG
Pages: 230 Charts: 78 Tables: 130
Static VAR Compensator Market : Outlook (2021 to 2030)
Key Findings of Static VAR Compensator Market: • The MCR based segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 4.7% from 2021 to 2030. • The GIS switchgear component is anticipated to register the highest CAGR of 5.0% during the
forecast period. • The Railway end-use segment is estimated to display the highest growth rate, in terms of
revenue, registering a CAGR of 4.6% from 2021 to 2030. • Asia-Pacific garnered the highest share of 29.4% in 2020, in terms of revenue, growing at a CAGR of 5.6% Pages: 230 Charts: 78 Tables: 130
Static VAR Compensator Market : Outlook (2021 to 2030)
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