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Static Var Compensator-Global Market Insights and Sales Trends 2024
Synopsis
The global Static Var Compensator market size is expected to reach US$ 978.8 million by 2029, growing at a CAGR of 3.2% from 2023 to 2029. The market is mainly driven by the significant applications of Static Var Compensator in various end use industries. The expanding demands from the Electric Utility, Renewable, Railway and Industrial, are propelling Static Var Compensator market. TCR-based SVC, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the MCR-based SVC segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Static Var Compensator market, driven by demand from China, the second largest economy with some signs of stabilising, the Static Var Compensator market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Static Var Compensator, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Static Var Compensator market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Static Var Compensator market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Static Var Compensator sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Static Var Compensator covered in this report include ABB, Siemens, Mitsubishi Electric, Alstom, GE, Hitachi, Toshiba, Rongxin Power Electronic and Epri, etc.
The global Static Var Compensator market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
Mitsubishi Electric
Alstom
GE
Hitachi
Toshiba
Rongxin Power Electronic
Epri
Weihan Power
XJ Group
Zhiguang Electric
Hengshun Electric
Xidian Power
Yinhu Electric
Sanyi Electric
Surpass Sun Electric
Sound Power
Fujidaneng Electric
Jiuzhou Electric
Global Static Var Compensator market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Static Var Compensator market, Segment by Type:
TCR-based SVC
MCR-based SVC
TSC-based SVC
Global Static Var Compensator market, by Application
Electric Utility
Renewable
Railway
Industrial
Oil & Gas
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Static Var Compensator manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Static Var Compensator in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global Static Var Compensator market size is expected to reach US$ 978.8 million by 2029, growing at a CAGR of 3.2% from 2023 to 2029. The market is mainly driven by the significant applications of Static Var Compensator in various end use industries. The expanding demands from the Electric Utility, Renewable, Railway and Industrial, are propelling Static Var Compensator market. TCR-based SVC, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the MCR-based SVC segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Static Var Compensator market, driven by demand from China, the second largest economy with some signs of stabilising, the Static Var Compensator market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Static Var Compensator, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Static Var Compensator market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Static Var Compensator market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Static Var Compensator sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Static Var Compensator covered in this report include ABB, Siemens, Mitsubishi Electric, Alstom, GE, Hitachi, Toshiba, Rongxin Power Electronic and Epri, etc.
The global Static Var Compensator market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
Mitsubishi Electric
Alstom
GE
Hitachi
Toshiba
Rongxin Power Electronic
Epri
Weihan Power
XJ Group
Zhiguang Electric
Hengshun Electric
Xidian Power
Yinhu Electric
Sanyi Electric
Surpass Sun Electric
Sound Power
Fujidaneng Electric
Jiuzhou Electric
Global Static Var Compensator market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Static Var Compensator market, Segment by Type:
TCR-based SVC
MCR-based SVC
TSC-based SVC
Global Static Var Compensator market, by Application
Electric Utility
Renewable
Railway
Industrial
Oil & Gas
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Static Var Compensator manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Static Var Compensator in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Static Var Compensator Market Overview
1.1 Static Var Compensator Product Overview
1.2 Static Var Compensator Market Segment by Type
1.2.1 TCR-based SVC
1.2.2 MCR-based SVC
1.2.3 TSC-based SVC
1.3 Global Static Var Compensator Market Size by Type
1.3.1 Global Static Var Compensator Market Size Overview by Type (2018-2029)
1.3.2 Global Static Var Compensator Historic Market Size Review by Type (2018-2023)
1.3.3 Global Static Var Compensator Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Static Var Compensator Sales Breakdown by Type (2018-2023)
1.4.2 Europe Static Var Compensator Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Static Var Compensator Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Static Var Compensator Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Static Var Compensator Sales Breakdown by Type (2018-2023)
2 Global Static Var Compensator Market Competition by Company
2.1 Global Top Players by Static Var Compensator Sales (2018-2023)
2.2 Global Top Players by Static Var Compensator Revenue (2018-2023)
2.3 Global Top Players by Static Var Compensator Price (2018-2023)
2.4 Global Top Manufacturers Static Var Compensator Manufacturing Base Distribution, Sales Area, Product Type
2.5 Static Var Compensator Market Competitive Situation and Trends
2.5.1 Static Var Compensator Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Static Var Compensator Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Static Var Compensator as of 2022)
2.7 Date of Key Manufacturers Enter into Static Var Compensator Market
2.8 Key Manufacturers Static Var Compensator Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Static Var Compensator Status and Outlook by Region
3.1 Global Static Var Compensator Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Static Var Compensator Historic Market Size by Region
3.2.1 Global Static Var Compensator Sales in Volume by Region (2018-2023)
3.2.2 Global Static Var Compensator Sales in Value by Region (2018-2023)
3.2.3 Global Static Var Compensator Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Static Var Compensator Forecasted Market Size by Region
3.3.1 Global Static Var Compensator Sales in Volume by Region (2024-2029)
3.3.2 Global Static Var Compensator Sales in Value by Region (2024-2029)
3.3.3 Global Static Var Compensator Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Static Var Compensator by Application
4.1 Static Var Compensator Market Segment by Application
4.1.1 Electric Utility
4.1.2 Renewable
4.1.3 Railway
4.1.4 Industrial
4.1.5 Oil & Gas
4.2 Global Static Var Compensator Market Size by Application
4.2.1 Global Static Var Compensator Market Size Overview by Application (2018-2029)
4.2.2 Global Static Var Compensator Historic Market Size Review by Application (2018-2023)
4.2.3 Global Static Var Compensator Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Static Var Compensator Sales Breakdown by Application (2018-2023)
4.3.2 Europe Static Var Compensator Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Static Var Compensator Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Static Var Compensator Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Static Var Compensator Sales Breakdown by Application (2018-2023)
5 North America Static Var Compensator by Country
5.1 North America Static Var Compensator Historic Market Size by Country
5.1.1 North America Static Var Compensator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Static Var Compensator Sales in Volume by Country (2018-2023)
5.1.3 North America Static Var Compensator Sales in Value by Country (2018-2023)
5.2 North America Static Var Compensator Forecasted Market Size by Country
5.2.1 North America Static Var Compensator Sales in Volume by Country (2024-2029)
5.2.2 North America Static Var Compensator Sales in Value by Country (2024-2029)
6 Europe Static Var Compensator by Country
6.1 Europe Static Var Compensator Historic Market Size by Country
6.1.1 Europe Static Var Compensator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Static Var Compensator Sales in Volume by Country (2018-2023)
6.1.3 Europe Static Var Compensator Sales in Value by Country (2018-2023)
6.2 Europe Static Var Compensator Forecasted Market Size by Country
6.2.1 Europe Static Var Compensator Sales in Volume by Country (2024-2029)
6.2.2 Europe Static Var Compensator Sales in Value by Country (2024-2029)
7 Asia-Pacific Static Var Compensator by Region
7.1 Asia-Pacific Static Var Compensator Historic Market Size by Region
7.1.1 Asia-Pacific Static Var Compensator Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Static Var Compensator Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Static Var Compensator Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Static Var Compensator Forecasted Market Size by Region
7.2.1 Asia-Pacific Static Var Compensator Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Static Var Compensator Sales in Value by Region (2024-2029)
8 Latin America Static Var Compensator by Country
8.1 Latin America Static Var Compensator Historic Market Size by Country
8.1.1 Latin America Static Var Compensator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Static Var Compensator Sales in Volume by Country (2018-2023)
8.1.3 Latin America Static Var Compensator Sales in Value by Country (2018-2023)
8.2 Latin America Static Var Compensator Forecasted Market Size by Country
8.2.1 Latin America Static Var Compensator Sales in Volume by Country (2024-2029)
8.2.2 Latin America Static Var Compensator Sales in Value by Country (2024-2029)
9 Middle East and Africa Static Var Compensator by Country
9.1 Middle East and Africa Static Var Compensator Historic Market Size by Country
9.1.1 Middle East and Africa Static Var Compensator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Static Var Compensator Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Static Var Compensator Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Static Var Compensator Forecasted Market Size by Country
9.2.1 Middle East and Africa Static Var Compensator Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Static Var Compensator Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Static Var Compensator Products Offered
10.1.5 ABB Recent Development
10.2 Siemens
10.2.1 Siemens Company Information
10.2.2 Siemens Introduction and Business Overview
10.2.3 Siemens Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Siemens Static Var Compensator Products Offered
10.2.5 Siemens Recent Development
10.3 Mitsubishi Electric
10.3.1 Mitsubishi Electric Company Information
10.3.2 Mitsubishi Electric Introduction and Business Overview
10.3.3 Mitsubishi Electric Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Mitsubishi Electric Static Var Compensator Products Offered
10.3.5 Mitsubishi Electric Recent Development
10.4 Alstom
10.4.1 Alstom Company Information
10.4.2 Alstom Introduction and Business Overview
10.4.3 Alstom Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Alstom Static Var Compensator Products Offered
10.4.5 Alstom Recent Development
10.5 GE
10.5.1 GE Company Information
10.5.2 GE Introduction and Business Overview
10.5.3 GE Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.5.4 GE Static Var Compensator Products Offered
10.5.5 GE Recent Development
10.6 Hitachi
10.6.1 Hitachi Company Information
10.6.2 Hitachi Introduction and Business Overview
10.6.3 Hitachi Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hitachi Static Var Compensator Products Offered
10.6.5 Hitachi Recent Development
10.7 Toshiba
10.7.1 Toshiba Company Information
10.7.2 Toshiba Introduction and Business Overview
10.7.3 Toshiba Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Toshiba Static Var Compensator Products Offered
10.7.5 Toshiba Recent Development
10.8 Rongxin Power Electronic
10.8.1 Rongxin Power Electronic Company Information
10.8.2 Rongxin Power Electronic Introduction and Business Overview
10.8.3 Rongxin Power Electronic Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Rongxin Power Electronic Static Var Compensator Products Offered
10.8.5 Rongxin Power Electronic Recent Development
10.9 Epri
10.9.1 Epri Company Information
10.9.2 Epri Introduction and Business Overview
10.9.3 Epri Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Epri Static Var Compensator Products Offered
10.9.5 Epri Recent Development
10.10 Weihan Power
10.10.1 Weihan Power Company Information
10.10.2 Weihan Power Introduction and Business Overview
10.10.3 Weihan Power Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Weihan Power Static Var Compensator Products Offered
10.10.5 Weihan Power Recent Development
10.11 XJ Group
10.11.1 XJ Group Company Information
10.11.2 XJ Group Introduction and Business Overview
10.11.3 XJ Group Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.11.4 XJ Group Static Var Compensator Products Offered
10.11.5 XJ Group Recent Development
10.12 Zhiguang Electric
10.12.1 Zhiguang Electric Company Information
10.12.2 Zhiguang Electric Introduction and Business Overview
10.12.3 Zhiguang Electric Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Zhiguang Electric Static Var Compensator Products Offered
10.12.5 Zhiguang Electric Recent Development
10.13 Hengshun Electric
10.13.1 Hengshun Electric Company Information
10.13.2 Hengshun Electric Introduction and Business Overview
10.13.3 Hengshun Electric Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Hengshun Electric Static Var Compensator Products Offered
10.13.5 Hengshun Electric Recent Development
10.14 Xidian Power
10.14.1 Xidian Power Company Information
10.14.2 Xidian Power Introduction and Business Overview
10.14.3 Xidian Power Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Xidian Power Static Var Compensator Products Offered
10.14.5 Xidian Power Recent Development
10.15 Yinhu Electric
10.15.1 Yinhu Electric Company Information
10.15.2 Yinhu Electric Introduction and Business Overview
10.15.3 Yinhu Electric Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Yinhu Electric Static Var Compensator Products Offered
10.15.5 Yinhu Electric Recent Development
10.16 Sanyi Electric
10.16.1 Sanyi Electric Company Information
10.16.2 Sanyi Electric Introduction and Business Overview
10.16.3 Sanyi Electric Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Sanyi Electric Static Var Compensator Products Offered
10.16.5 Sanyi Electric Recent Development
10.17 Surpass Sun Electric
10.17.1 Surpass Sun Electric Company Information
10.17.2 Surpass Sun Electric Introduction and Business Overview
10.17.3 Surpass Sun Electric Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Surpass Sun Electric Static Var Compensator Products Offered
10.17.5 Surpass Sun Electric Recent Development
10.18 Sound Power
10.18.1 Sound Power Company Information
10.18.2 Sound Power Introduction and Business Overview
10.18.3 Sound Power Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Sound Power Static Var Compensator Products Offered
10.18.5 Sound Power Recent Development
10.19 Fujidaneng Electric
10.19.1 Fujidaneng Electric Company Information
10.19.2 Fujidaneng Electric Introduction and Business Overview
10.19.3 Fujidaneng Electric Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Fujidaneng Electric Static Var Compensator Products Offered
10.19.5 Fujidaneng Electric Recent Development
10.20 Jiuzhou Electric
10.20.1 Jiuzhou Electric Company Information
10.20.2 Jiuzhou Electric Introduction and Business Overview
10.20.3 Jiuzhou Electric Static Var Compensator Sales, Revenue and Gross Margin (2018-2023)
10.20.4 Jiuzhou Electric Static Var Compensator Products Offered
10.20.5 Jiuzhou Electric Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Static Var Compensator Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Static Var Compensator Industrial Chain Analysis
11.4 Static Var Compensator Market Dynamics
11.4.1 Static Var Compensator Industry Trends
11.4.2 Static Var Compensator Market Drivers
11.4.3 Static Var Compensator Market Challenges
11.4.4 Static Var Compensator Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Static Var Compensator Distributors
12.3 Static Var Compensator Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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