Static VAR Compensator Market By Type (Thyristor based, MCR based), By Component (GIS switchgear, Phase shifting transformer, Control protection system, Harmonic filter, Thyristor, Reactor), By End User (Electric Utility, Wind power grid, Solar farm, Railway, Steel Industry, Mining Industry, Oil & Gas Industry), Industry Trends, Estimation & Forecast, 2017 - 2025

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Static VAR compensator market is expected to grow with a CAGR of XX% during the forecast period of 2018 to 2025.
  • Market Overview:

    Static VAR compensator, also referred to as SVC, is a power electronic tool used to control the voltage in transmission lines and improve the power quality in large industrial sectors. A SVC increases the power transmission capacity of electricity transmission networks, improves load factor, and keeps the electricity system stable against the fluctuating voltages. Static VAR compensator is required in wind power grid and solar farms to regulate the reactive power generated and eventually decrease the voltage fluctuations.The increasing awareness about renewable sources of energy such as solar & wind, and the need of such energy are driving the growth of the global static VAR compensator market.

    According to the data released by the International Renewable Energy Agency (IRENA), in 2017, the global production of electricity produced from renewable energy sources reached around 2,179 GW, recording a growth of 8.3% over the previous year. Such growth in the renewable energy production along with the need for constant & reliable power supply, which is delivered with the help of SVC, is fuelling the growth of the market.However, high cost of SVCs, high political intervention, and lack of awareness about MCR based SVCs are hampering the growth of the global static VAR compensator market. According to the information revealed by MNRE, Indian government is planning world’s largest renewable energy expansion program by 2022 that will generate 175 GW of energy. Such expansion of renewable energy production plants in the developing countries such as China and India is anticipated to render lucrative opportunities to the leading market players in the Asia pacific market.

    The report provides detailed qualitative and quantitative analysis of the static VAR compensator market. Market size and forecast in terms of value and volume has been provided for the period – (2017 – 2025) for the segments namely type, component, and end user in each of the major regions.

    Static VAR Compensator Market Segmentation

    By Type
    •    Thyristor based
    •    MCR based

    By Component
    •    GIS switchgear
    •    Phase shifting transformer
    •    Control protection system
    •    Harmonic filter
    •    Thyristor
    •    Reactor
    •    Other

    By End User
    •    Electric Utility
    •    Wind power grid
    •    Solar farm
    •    Railway
    •    Steel Industry
    •    Mining Industry
    •    Oil & Gas Industry
    •    Other

    By Geography

    •    North America
    o    U.S.
    o    Canada
    o    Mexico

    •    Europe
    o    U.K.
    o    France
    o    Germany
    o    Italy
    o    Spain
    o    Rest of Europe

    •    Asia-Pacific
    o    China
    o    Japan
    o    India
    o    Korea
    o    Rest of APAC

    •    South America
    o    Brazil
    o    Rest of South America

    •    Rest of the World
    o    Middle East
    o    Africa

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  • CHAPTER 1.    INTRODUCTION
    1.1.    RESEARCH METHODOLOGY
    1.1.1.    ERC desk research
    1.1.2.    ERC data synthesis
    1.1.3.    Data validation and market feedback
    1.1.4.    ERC data sources
    CHAPTER 2.    STATIC VAR COMPENSATOR MARKET OVERVIEW
    2.1.    STATIC VAR COMPENSATOR MARKET INTRODUCTION
    2.2.    GLOBAL STATIC VAR COMPENSATOR MARKET PRODUCTION AND GROWTH RATE, 2017-2025
    2.2.1.    Global Static VAR Compensator Production (VOLUME) and Growth Rate (%), (2017-2025)
    2.3.    GLOBAL STATIC VAR COMPENSATOR MARKET CAPACITY AND GROWTH RATE, 2017-2025
    2.3.1.    Global Static VAR Compensator Capacity (VOLUME) and Growth Rate (%), (2017-2025)
    2.4.    GLOBAL STATIC VAR COMPENSATOR MARKET REVENUE AND GROWTH RATE, 2017-2025
    2.4.1.    Global Static VAR Compensator Market Revenue (Million USD) and Growth Rate (%), (2017-2025)
    2.5.    GLOBAL STATIC VAR COMPENSATOR MARKET CONSUMPTION AND GROWTH RATE, 2017-2025
    2.5.1.    Global Static VAR Compensator Consumption (VOLUME) and Growth Rate (%), (2017-2025)
    CHAPTER 3.    GLOBAL STATIC VAR COMPENSATOR MARKET BY TYPE, 2017-2025
    3.1.    THYRISTOR BASED
    3.2.    MCR BASED
    3.3.    GLOBAL STATIC VAR COMPENSATOR MARKET REVENUE BY TYPE, 2017-2025
    3.3.1.    Global Static VAR Compensator Market Revenue (Million USD) and Share (%) By Type, 2017-2025
    3.3.2.    Thyristor based Market Revenue and Growth Rate, 2017-2025
    3.3.3.    MCR based Market Revenue and Growth Rate, 2017-2025
    3.4.    GLOBAL STATIC VAR COMPENSATOR MARKET PRODUCTION BY TYPE, 2017-2025
    3.4.1.    Global Static VAR Compensator Market Production (Volume) and Share (%) By Type, 2017-2025
    3.4.2.    Thyristor based Market Production and Growth Rate, 2017-2025
    3.4.3.    MCR based Market Production and Growth Rate, 2017-2025
    CHAPTER 4.    GLOBAL STATIC VAR COMPENSATOR MARKET BY END USER, 2017-2025
    4.1.    ELECTRIC UTILITY
    4.2.    WIND POWER GRID
    4.3.    SOLAR FARM
    4.4.    RAILWAY
    4.5.    STEEL INDUSTRY
    4.6.    MINING INDUSTRY
    4.7.    OIL & GAS INDUSTRY
    4.8.    OTHER
    4.9.    GLOBAL STATIC VAR COMPENSATOR MARKET REVENUE BY END USER, 2017-2025
    4.9.1.    Global Static VAR Compensator Market Revenue (Million USD) and Share (%) By End User, 2017-2025
    4.9.2.    Electric Utility Market Revenue and Growth Rate, 2017-2025
    4.9.3.    Wind power grid Market Revenue and Growth Rate, 2017-2025
    4.9.4.    Solar farm Market Revenue and Growth Rate, 2017-2025
    4.10.    GLOBAL STATIC VAR COMPENSATOR MARKET CONSUMPTION BY END USER, 2017-2025
    4.10.1.    Global Static VAR Compensator Market Consumption (Volume) and share (%) By End User, 2017-2025
    4.10.2.    Electric Utility Market Consumption and Growth Rate, 2017-2025
    4.10.3.    Wind power grid Market Consumption and Growth Rate, 2017-2025
    4.10.4.    Solar farm Market Consumption and Growth Rate, 2017-2025
    CHAPTER 5.    GLOBAL STATIC VAR COMPENSATOR MARKET BY COMPONENT, 2017-2025
    5.1.    GIS SWITCHGEAR
    5.2.    PHASE SHIFTING TRANSFORMER
    5.3.    CONTROL PROTECTION SYSTEM
    5.4.    HARMONIC FILTER
    5.5.    THYRISTOR
    5.6.    REACTOR
    5.7.    OTHER
    CHAPTER 6.    GLOBAL STATIC VAR COMPENSATOR MARKET BY REGION, 2017-2025
    6.1.    NORTH AMERICA
    6.1.1.    U.S.
    6.1.2.    Canada
    6.1.3.    Mexico
    6.2.    EUROPE
    6.2.1.    U.K.
    6.2.2.    France
    6.2.3.    Germany
    6.2.4.    Italy
    6.2.5.    Spain
    6.2.6.    Rest of Europe
    6.3.    ASIA PACIFIC
    6.3.1.    China
    6.3.2.    Japan
    6.3.3.    India
    6.3.4.    Korea
    6.3.5.    Rest of APAC
    6.4.    SOUTH AMERICA
    6.4.1.    Brazil
    6.4.2.    Rest of South America
    6.5.    REST OF THE WORLD
    6.5.1.    Middle East
    6.5.2.    Africa
    6.6.    GLOBAL STATIC VAR COMPENSATOR MARKET REVENUE BY REGION, 2017-2025
    6.6.1.    Global Static VAR Compensator Market Revenue (Million USD) and Share (%) By Region, 2017-2025
    6.6.2.    North America Market Revenue and Growth Rate, 2017-2025
    6.6.3.    Europe Market Revenue and Growth Rate, 2017-2025
    6.6.4.    Asia Pacific Market Revenue and Growth Rate, 2017-2025
    6.6.5.    South America Market Revenue and Growth Rate, 2017-2025
    6.6.6.    Rest of the World Market Revenue and Growth Rate, 2017-2025
    CHAPTER 7.    GLOBAL STATIC VAR COMPENSATOR MARKET PRODUCTION AND CONSUMPTION ANALYSIS BY REGION, 2017-2025
    7.1.    GLOBAL STATIC VAR COMPENSATOR MARKET PRODUCTION ANALYSIS BY REGION, 2017-2025
    7.1.1.    Global Static VAR Compensator Market Production (Volume) and Share (%) By Region, 2017-2025
    7.1.2.    Global Static VAR Compensator Market Consumption (Volume) and Share (%) By Region, 2017-2025
    7.1.3.    North America Market Production and Consumption, 2017-2025
    7.1.4.    Europe Market Production and Consumption, 2017-2025
    7.1.5.    Asia Pacific Market Production and Consumption, 2017-2025
    7.1.6.    South America Market Production and Consumption, 2017-2025
    7.1.7.    Rest of the World Market Production and Consumption, 2017-2025
    CHAPTER 8.    MARKET DETERMINANTS
    8.1.    MARKET DRIVERS
    8.2.    MARKET RESTRAINTS
    8.3.    MARKET OPPORTUNITIES
    8.4.    MARKET DETERMINANTS RADAR CHART
    CHAPTER 9.    GLOBAL STATIC VAR COMPENSATOR MARKET COMPETITION BY MANUFACTURERS
    9.1.    GLOBAL STATIC VAR COMPENSATOR PRODUCTION AND SHARE BY MANUFACTURERS (2017-2025)
    9.1.1.    Global Static VAR Compensator Production (VOLUME) and Share (%) by Manufacturers (2017-2025)
    9.2.    GLOBAL STATIC VAR COMPENSATOR REVENUE AND SHARE BY MANUFACTURERS (2017-2025)
    9.2.1.    Global Static VAR Compensator Revenue (Million USD) and Share (%) by Manufacturers (2017-2025)
    9.3.    STATIC VAR COMPENSATOR MARKET COMPETITIVE SITUATION AND TRENDS
    9.3.1.    Static VAR Compensator Market Share (%) of Top 3 Manufacturers
    9.3.2.    Static VAR Compensator Market Share (%) of Top 5 Manufacturers
    CHAPTER 10.    GLOBAL STATIC VAR COMPENSATOR MANUFACTURERS ANALYSIS
    10.1.    MITSUBISHI ELECTRIC CORP.
    10.1.1.    Business Overview
    10.1.2.    Company Basic Information
    10.1.3.    Static VAR Compensator Product Details
    10.1.4.    Mitsubishi Electric Corp. Static VAR Compensator Production, Revenue and Gross Margin
    10.2.    RONGXIN POWER ELECTRONIC CO., LTD.
    10.2.1.    Business Overview
    10.2.2.    Company Basic Information
    10.2.3.    Static VAR Compensator Product Details
    10.2.4.    Rongxin Power Electronic Co., Ltd. Static VAR Compensator Production, Revenue and Gross Margin
    10.3.    ABB LTD.
    10.3.1.    Business Overview
    10.3.2.    Company Basic Information
    10.3.3.    Static VAR Compensator Product Details
    10.3.4.    ABB Ltd. Static VAR Compensator Production, Revenue and Gross Margin
    10.4.    NR ELECTRIC CO. LTD.
    10.4.1.    Business Overview
    10.4.2.    Company Basic Information
    10.4.3.    Static VAR Compensator Product Details
    10.4.4.    NR Electric Co. Ltd. Static VAR Compensator Production, Revenue and Gross Margin
    10.5.    GENERAL ELECTRIC
    10.5.1.    Business Overview
    10.5.2.    Company Basic Information
    10.5.3.    Static VAR Compensator Product Details
    10.5.4.    General Electric Static VAR Compensator Production, Revenue and Gross Margin
    10.6.    AMERICAN SUPERCONDUCTOR CORP.
    10.6.1.    Business Overview
    10.6.2.    Company Basic Information
    10.6.3.    Static VAR Compensator Product Details
    10.6.4.    American Superconductor Corp. Static VAR Compensator Production, Revenue and Gross Margin
    10.7.    EATON CORP PLC
    10.7.1.    Business Overview
    10.7.2.    Company Basic Information
    10.7.3.    Static VAR Compensator Product Details
    10.7.4.    Eaton Corp plc Static VAR Compensator Production, Revenue and Gross Margin
    10.8.    AMERICAN ELECTRIC POWER
    10.8.1.    Business Overview
    10.8.2.    Company Basic Information
    10.8.3.    Static VAR Compensator Product Details
    10.8.4.    American Electric Power Static VAR Compensator Production, Revenue and Gross Margin
    10.9.    SIEMENS AG
    10.9.1.    Business Overview
    10.9.2.    Company Basic Information
    10.9.3.    Static VAR Compensator Product Details
    10.9.4.    Siemens AG Static VAR Compensator Production, Revenue and Gross Margin
    10.10.    HYOSUNG
    10.10.1.    Business Overview
    10.10.2.    Company Basic Information
    10.10.3.    Static VAR Compensator Product Details
    10.10.4.    Hyosung  Static VAR Compensator Production, Revenue and Gross Margin
    CHAPTER 11.    STATIC VAR COMPENSATOR MARKET VALUE CHAIN ANALYSIS
    11.1.    STATIC VAR COMPENSATOR INDUSTRIAL CHAIN ANALYSIS
    11.2.    STATIC VAR COMPENSATOR KEY RAW MATERIALS ANALYSIS
    11.2.1.    Key Raw Materials
    11.2.2.    Price Trend of Key Raw Materials
    11.2.3.    Key Suppliers of Raw Materials

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  • •    Mitsubishi Electric Corp.
    •    Rongxin Power Electronic Co., Ltd.
    •    ABB Ltd.
    •    NR Electric Co. Ltd.
    •    General Electric
    •    American Superconductor Corp.
    •    Eaton Corp plc
    •    American Electric Power
    •    Siemens AG
    •    Hyosung

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What Information does this report contain?

• What was the market size of the Static VAR Compensator Market in 2017 and the expected market size by 2025, along with the growth rate?
• An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
• Which are the largest revenue generating products, services or regions and their comparative growth rate?
• Which technology is in trend and how would it evolve during the forecast period (2017 – 2025)?
• Which are the leading companies in the Static VAR Compensator Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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