A static VAR compensator is a set of electrical devices for providing fast-acting reactive power on high-voltage electricity transmission networks. SVCs are part of the Flexible AC transmission system device family, regulating voltage, power factor, harmonics and stabilizing the system. A static VAR compensator has no significant moving parts (other than internal switchgear).
According to this study, over the next five years the Static Var Compensator and Static Var Generator market will register a 2.8% CAGR in terms of revenue, the global market size will reach US$ 1390 million by 2024, from US$ 1180 million in 2019
Scope of the Report:
The global Static Var Compensator and Static Var Generator market also reviews how the market has been bolstering its foothold internationally by influencing and heavily contributing to global revenue generation. Further, the report engages to provide important statistical details in terms of sales and revenue grounds on product type, applications, regions, leading market player, technology.
Key players operating in the global Static Var Compensator and Static Var Generator market include :
ABB, Siemens, Rongxin Power Electronic, Sieyuan Electric, Mitsubishi Electric, Hitachi, Toshiba, S&C Electric, GE, Hangzhou Yinhu Electric, AMSC, Xian XD Power, Weihan, Ingeteam, Hengshun Zhongsheng, Sinexcel, Merus Power, Baoding Sifang Sanyi Electric, Xuji Group Corporation, Zhiguang Electric, Comsys AB, Beijing In-power Electric Co., Ltd, Surpass Sun Electric
Static Var Compensator
Static Var Generator
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Industrial & Manufacturing
Middle East & Africa
Furthermore, report casts light on leading manufacturers/players and describes their latest business moves including new product launches, technology adoption, profitable acquisitions, partnerships, and joint ventures. A precise evaluation of manufacturer’s production capacity, effective manufacturing methods, value chain analysis, market share, size, revenue, sales, growth rate, and CAGR is also included in this report that gives a comprehensive portrait of the Static Var Compensator and Static Var Generatormarket competitor.
Besides, the report emphasizes growth influential elements, upcoming investment and business opportunities, challenges, scope, Static Var Compensator and Static Var Generator demand analysis, latest technological advancements, inventions, and innovation. It also provides explicit analysis of market restraining factors, provincial regulatory framework, and upcoming threats of the market, obstacles, and financial hurdles that give a thorough perception of the market which is highly essential while performing in the industry.
The report implements various analytical tools including SWOT analysis, Porters Five Forces analysis, and Capacity Utilization analysis to render a validated evaluation of the Static Var Compensator and Static Var Generator market. It also comprehends futuristic business opportunities, scope as well as market threats, challenges, barriers, obstacles, and regulatory framework to give a profound idea about the Static Var Compensator and Static Var Generator market that aids reader to form own business stratagem accordingly to meet their resolved business goals.
By explaining competition landscape, crucial market projections, limitations, market restraints, growth hindering factors, regional rules and regulations, forthcoming investment and business opportunities, market threats, challenges, market driving factors and dynamics the report renders an absolute acumen to readers that allow to shape up profitable and lucrative business planning for its business.
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