Global Static Var Generator (SVG) Market Growth 2023-2029

Global Static Var Generator (SVG) Market Growth 2023-2029

SVG is also called STATCOM is a shunt device, which uses force-commutated power electronics (i.e. GTO, IGBT) to control power flow and improve transient stability on electrical power networks. It is also a member of the so-called Flexible AC Transmission System (FACTS) devices. The STATCOM basically performs the same function as the static var compensators but with some advantages.
According to Component, SVG can be divided into GTO type, IGBT type, IGCT type, SCR type, GTR type, MOSFET type. Due to the huge advantages of IGCT type, the Static Var Generator (SVG) in the market is basically based on IGCT technology.
LPI (LP Information)' newest research report, the “Static Var Generator (SVG) Industry Forecast” looks at past sales and reviews total world Static Var Generator (SVG) sales in 2022, providing a comprehensive analysis by region and market sector of projected Static Var Generator (SVG) sales for 2023 through 2029. With Static Var Generator (SVG) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Static Var Generator (SVG) industry.
This Insight Report provides a comprehensive analysis of the global Static Var Generator (SVG) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Static Var Generator (SVG) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Static Var Generator (SVG) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Static Var Generator (SVG) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Static Var Generator (SVG).
The global Static Var Generator (SVG) market size is projected to grow from US$ 772.5 million in 2022 to US$ 1115.9 million in 2029; it is expected to grow at a CAGR of 1115.9 from 2023 to 2029.
Currently, there are many producing companies in the world. The main market players are Hitachi ABB, Siemens, Rongxin, Sieyuan Electric, Xin Fengguang etc.
China now is the largest production of Static Var Generator (SVG), with a production market share nearly 55.94% in 2019. The Static Var Generator (SVG) price of Chinese producers is generally low.
Static Var Generator (SVG) used in industry including Renewable Energy, Electric Utilities, Industrial & Manufacturing and Others. Report data showed that 47.03% of the Static Var Generator (SVG) market demand in Electric Utilities, 28.94% in Renewable Energy in 2019.
There are two kinds’ productions constituting the Static Var Generator (SVG), which are Low Voltage SVG, High Voltage SVG. High Voltage SVG is important in the Static Var Generator (SVG), with a production value market share nearly 83.72% in 2019.
Static Var Generator (SVG) is widely used in metallurgy, power, coal, non-ferrous metals, electrified railway and other key energy consumption industries. In the next few years, Static Var Generator (SVG) is growing fast.
This report presents a comprehensive overview, market shares, and growth opportunities of Static Var Generator (SVG) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Low Voltage SVG
High Voltage SVG
Segmentation by application
Electric Utilities
Renewable Energy
Industrial & Manufacturing
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Siemens
Hitachi ABB
Mitsubishi Electric
GE
AMSC
NR Electric Co., Ltd.
Xin Fengguang
Sieyuan Electric
Rongxin Power Electronic Co., Ltd
Taikai Power Electronic
TBEA
XJ Group
Hopewind

Key Questions Addressed in this Report
What is the 10-year outlook for the global Static Var Generator (SVG) market?
What factors are driving Static Var Generator (SVG) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Static Var Generator (SVG) market opportunities vary by end market size?
How does Static Var Generator (SVG) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.