A static VAR compensator (SVC) is a set of electrical devices for providing fast-acting reactive power on high-voltage electricity transmission networks.

Our market research experts provide qualitative and quantitative analysis of the market based on involving economic and non-economic factors in the same report with market value (million USD) data for each segment and sub-segment. This way, clients can achieve all their goals while taking advantage of emerging opportunities. Technological advancements, new product launches, and market capital flows are compared across scenarios to demonstrate their impact over the forecast period.

Data collected includes market dynamics, technology outlook, application development, and pricing trends. All of this is fed into a research model, which then produces relevant data for market research. Global market trend analysis is given including historical data, estimates to 2023 and compound annual growth rate (CAGR) forecast to 2028.

Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation.

2023 will be a tough year for much of the global economy, as the ongoing war in Ukraine continues to strain trade, especially in Europe, and the global economy remains reeling from the fallout from the COVID-19 pandemic.

But as China moves ever closer to fully reemerging from three years of government-imposed Covid isolation and reintegrating with the world, economic expectations are high.And with the global economy now facing significant challenges, including energy shortages, slowing growth and high inflation, China’s reopening could provide a much-needed and timely boost.

The report researches and analyzes the influence of the Static var compensator（SVC） industry in the new era of global post-COIVD-19 economy in 2023, and provides in-depth analysis and professional suggestions on the current development.

Market Segment by Product Type

Thyristor Based

MCR-Based

Market Segment by Product Application

Electric Utility

Renewable- Wind Power & Solar Farm

Railway

Industrial- Steel & Mining and Oil & Gas

Finally, the report provides detailed profile and data information analysis of leading company.

Rongxin Power Electronic Co., Ltd. (China)

ABB Ltd. (Switzerland)

General Electric (U.S.)

Eaton Corp plc (Ireland)

American Electric Power (U.S.)

Hyosung (South Korea)

NR Electric Co. Ltd. (China)

Mitsubishi Electric Corp. (Japan)

American Superconductor Corp. (U.S.)

Insights and Tools:

We follow a comprehensive process to estimate market size. Key industry dynamics, regulatory scenarios, and segmental dynamics are analyzed to understand their impact on demand over the forecast period. Macroeconomic indicators such as prices, income and demographic changes, demand changes, etc. are considered in estimating market size. We also provide an in-depth profile of the key players and discuss their market shares in the global market to derive the market value. In addition, we have an internal database that is regularly updated with key insights and press releases from key stakeholders in the relevant market.

The data is generally gathered in various arrangements such as charts, graphs, infographics, trends, documents and records from various manufacturers and retailers. Our analyst gather, collect, and interpret such data to form significant databases. Our team then works with large data volumes to analyze core developments, evaluate market estimations, and identify trends.

The market research includes historical and forecast data from like demand, application details, price trends, and company shares by geography, especially focuses on the key regions like United States, European Union, China, and other regions.

Research Objectives

1.To study and analyze the global Static var compensator（SVC） consumption (value) by key regions/countries, product type and application, history data from 2018 to 2022, and forecast to 2028.

2.To understand the structure of Static var compensator（SVC） market by identifying its various subsegments.

3.Focuses on the key global Static var compensator（SVC） manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.

4.To analyze the Static var compensator（SVC） with respect to individual growth trends, future prospects, and their contribution to the total market.

5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

6.To project the consumption of Static var compensator（SVC） submarkets, with respect to key regions (along with their respective key countries).

7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

8.To strategically profile the key players and comprehensively analyze their growth strategies.

Global Static var compensator（SVC） Market Research Report 2023, Forecast to 2028

1 Market Study Overview

1.1 Study Objectives

1.2 Static var compensator（SVC） Introduce

1.3 Combined with the Analysis of Macroeconomic Indicators

1.4 Brief Description of Research methods

1.5 Market Breakdown and Data Triangulation

2 Global Trend Summary

2.1 Static var compensator（SVC） Segment by Type

2.1.1 Thyristor Based

2.1.2 MCR-Based

2.2 Market Analysis by Application

2.2.1 Electric Utility

2.2.2 Renewable- Wind Power & Solar Farm

2.2.3 Railway

2.2.4 Industrial- Steel & Mining and Oil & Gas

2.3 Global Static var compensator（SVC） Market Comparison by Regions (2018-2028)

2.3.1 Global Static var compensator（SVC） Market Size (2018-2028)

2.3.2 North America Static var compensator（SVC） Status and Prospect (2018-2028)

2.3.3 Europe Static var compensator（SVC） Status and Prospect (2018-2028)

2.3.4 China Static var compensator（SVC） Status and Prospect (2018-2028)

2.3.5 Japan Static var compensator（SVC） Status and Prospect (2018-2028)

2.3.6 Southeast Asia Static var compensator（SVC） Status and Prospect (2018-2028)

2.4 Basic Product Information

2.4.1 Basic Product Information & Technology Development History

2.4.2 Product Manufacturing Process

2.4.3 Interview with Major Market Participants

2.4.4 High-end Market Analysis and Forecast

2.5 Coronavirus Disease 2020 (Covid-19): Static var compensator（SVC） Industry Impact

2.5.1 Static var compensator（SVC） Business Impact Assessment - Covid-19

2.5.2 Market Trends and Static var compensator（SVC） Potential Opportunities in the COVID-19 Landscape

2.5.3 Measures / Proposal against Covid-19

3 Competition by Manufacturer

3.1 Global Static var compensator（SVC） Sales and Market Share by Manufacturer (2018-2023)

3.2 Global Static var compensator（SVC） Revenue and Market Share by Manufacturer (2018-2023)

3.3 Global Static var compensator（SVC） Industry Concentration Ratio (CR5 and HHI)

3.4 Top 5 Static var compensator（SVC） Manufacturer Market Share

3.5 Top 10 Static var compensator（SVC） Manufacturer Market Share

3.6 Date of Key Manufacturers Enter into Static var compensator（SVC） Market

3.7 Key Manufacturers Static var compensator（SVC） Key Manufacturers

3.8 Mergers & Acquisitions Planning

4 Analysis of Static var compensator（SVC） Industry Key Manufacturers

4.1 Rongxin Power Electronic Co., Ltd. (China)

4.1.1 Compan Detail

4.1.2 Rongxin Power Electronic Co., Ltd. (China) Static var compensator（SVC） Product Introduction, Application and Specification

4.1.3 Rongxin Power Electronic Co., Ltd. (China) 137 Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.1.4 Main Business Overview

4.1.5 Rongxin Power Electronic Co., Ltd. (China) News

4.2 ABB Ltd. (Switzerland)

4.2.1 Compan Detail

4.2.2 ABB Ltd. (Switzerland) Static var compensator（SVC） Product Introduction, Application and Specification

4.2.3 ABB Ltd. (Switzerland) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.2.4 Main Business Overview

4.2.5 Rongxin Power Electronic Co., Ltd. (China) News

4.3 General Electric (U.S.)

4.3.1 Compan Detail

4.3.2 General Electric (U.S.) Static var compensator（SVC） Product Introduction, Application and Specification

4.3.3 General Electric (U.S.) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.3.4 Main Business Overview

4.3.5 General Electric (U.S.) News

4.4 Eaton Corp plc (Ireland)

4.4.1 Compan Detail

4.4.2 Eaton Corp plc (Ireland) Static var compensator（SVC） Product Introduction, Application and Specification

4.4.3 Eaton Corp plc (Ireland) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.4.4 Main Business Overview

4.4.5 Eaton Corp plc (Ireland) News

4.5 American Electric Power (U.S.)

4.5.1 Compan Detail

4.5.2 Eaton Corp plc (Ireland) Static var compensator（SVC） Product Introduction, Application and Specification

4.5.3 American Electric Power (U.S.) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.5.4 Main Business Overview

4.5.5 American Electric Power (U.S.) News

4.6 Hyosung (South Korea)

4.6.1 Compan Detail

4.6.2 Hyosung (South Korea) Static var compensator（SVC） Product Introduction, Application and Specification

4.6.3 Hyosung (South Korea) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.6.4 Main Business Overview

4.6.5 Hyosung (South Korea) News

4.7 NR Electric Co. Ltd. (China)

4.7.1 Compan Detail

4.7.2 NR Electric Co. Ltd. (China) Static var compensator（SVC） Product Introduction, Application and Specification

4.7.3 NR Electric Co. Ltd. (China) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.7.4 Main Business Overview

4.7.4 Main Business Overview

4.8 Mitsubishi Electric Corp. (Japan)

4.8.1 Compan Detail

4.8.2 Mitsubishi Electric Corp. (Japan) Static var compensator（SVC） Product Introduction, Application and Specification

4.8.3 Mitsubishi Electric Corp. (Japan) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.8.4 Main Business Overview

4.8.5 Mitsubishi Electric Corp. (Japan) News

4.9 American Superconductor Corp. (U.S.)

4.9.1 Compan Detail

4.9.2 American Superconductor Corp. (U.S.) Static var compensator（SVC） Product Introduction, Application and Specification

4.9.3 American Superconductor Corp. (U.S.) Static var compensator（SVC） Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.9.4 Main Business Overview

4.9.5 American Superconductor Corp. (U.S.) News

5 Global Static var compensator（SVC） Market Segment by Big Type

5.1 Global Static var compensator（SVC） Revenue, Sales and Market Share by Big Type (2018-2023)

5.1.1 Global Static var compensator（SVC） Sales and Market Share by Big Type (2018-2023)

5.1.2 Global Static var compensator（SVC） Revenue and Market Share by Big Type (2018-2023)

5.2 Thyristor Based Sales Growth Rate and Price

5.2.1 Global Thyristor Based Sales Growth Rate (2018-2023)

5.2.2 Global Thyristor Based Price (2018-2023)

5.3 MCR-Based Sales Growth Rate and Price

5.3.1 Global MCR-Based Sales Growth Rate (2018-2023)

5.3.2 Global MCR-Based Price (2018-2023)

6 Global Static var compensator（SVC） Market Segment by Big Application

6.1 Global Static var compensator（SVC） Sales Market Share by Big Application (2018-2023)

6.2 Electric Utility Sales Growth Rate (2018-2023)

6.3 Renewable- Wind Power & Solar Farm Sales Growth Rate (2018-2023)

6.4 Railway Sales Growth Rate (2018-2023)

6.5 Industrial- Steel & Mining and Oil & Gas Sales Growth Rate (2018-2023)

7 Global Static var compensator（SVC） Forecast

7.1 Global Static var compensator（SVC） Revenue, Sales and Growth Rate (2023-2028)

7.2 Static var compensator（SVC） Market Forecast by Regions (2023-2028)

7.2.1 North America Static var compensator（SVC） Market Forecast (2023-2028)

7.2.2 Europe Static var compensator（SVC） Market Forecast (2023-2028)

7.2.3 China Static var compensator（SVC） Market Forecast (2023-2028)

7.2.4 Japan Static var compensator（SVC） Market Forecast (2023-2028)

7.2.5 Southeast Asia Static var compensator（SVC） Market Forecast (2023-2028)

7.2.6 Other Regions Static var compensator（SVC） Market Forecast (2023-2028)

7.3 Static var compensator（SVC） Market Forecast by Type (2023-2028)

7.3.1 Global Static var compensator（SVC） Sales Forecast by Type (2023-2028)

7.3.2 Global Static var compensator（SVC） Market Share Forecast by Type (2023-2028)

7.4 Static var compensator（SVC） Market Forecast by Application (2023-2028)

7.4.1 Global Static var compensator（SVC） Sales Forecast by Application (2023-2028)

7.4.2 Global Static var compensator（SVC） Market Share Forecast by Application (2023-2028)

8 Market Analysis

8.1.1 Market Overview

8.1.2 Market Opportunities

8.1.3 Market Risk

8.1.4 Market Driving Force

8.1.5 Porter's Five Forces Analysis

8.1.6 SWOT Analysis

9 Static var compensator（SVC） Related Market Analysis

9.1 Upstream Analysis

9.1.1 Macro Analysis of Upstream Markets

9.1.2 Key Players in Upstream Markets

9.1.3 Upstream Market Trend Analysis

9.1.4 Static var compensator（SVC） Manufacturing Cost Analysis

9.2 Downstream Market Analysis

9.2.1 Macro Analysis of Down Markets

9.2.2 Key Players in Down Markets

9.2.3 Downstream Market Trend Analysis

9.2.4 Sales Channel, Distributors, Traders and Dealers

10 Research Findings and Conclusion

Rongxin Power Electronic Co., Ltd. (China)

ABB Ltd. (Switzerland)

General Electric (U.S.)

Eaton Corp plc (Ireland)

American Electric Power (U.S.)

Hyosung (South Korea)

NR Electric Co. Ltd. (China)

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)