Global TCR Static Var Compensator (SVC) Market Growth 2023-2029

Global TCR Static Var Compensator (SVC) Market Growth 2023-2029

A static VAR compensator (SVC) 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). Prior to the invention of the SVC, power factor compensation was the preserve of large rotating machines such as synchronous condensers or switched capacitor banks. TCR Static Var Compensator (SVC) is a kind of SVC.
LPI (LP Information)' newest research report, the “TCR Static Var Compensator (SVC) Industry Forecast” looks at past sales and reviews total world TCR Static Var Compensator (SVC) sales in 2022, providing a comprehensive analysis by region and market sector of projected TCR Static Var Compensator (SVC) sales for 2023 through 2029. With TCR Static Var Compensator (SVC) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world TCR Static Var Compensator (SVC) industry.
This Insight Report provides a comprehensive analysis of the global TCR Static Var Compensator (SVC) 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 TCR Static Var Compensator (SVC) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global TCR Static Var Compensator (SVC) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for TCR Static Var Compensator (SVC) and breaks down the forecast by voltage, 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 TCR Static Var Compensator (SVC).
The global TCR Static Var Compensator (SVC) market size is projected to grow from US$ 681.8 million in 2022 to US$ 998.6 million in 2029; it is expected to grow at a CAGR of 998.6 from 2023 to 2029.
In Chinese market, TCR Type Static VAR Compensator key players include NR Electric, Rongxin Power Electronic, Taikai Power Electronic, Liaoning Lide Investment Holding Group, CRERT, etc. The top five manufacturers hold a share over 40%. North China and South China is the largest market, both with a share over 25%. In terms of product, Voltage Between 30kV and 40kV is the largest segment, with a share about 50%. And in terms of application, the largest application is Electrified Wire Netting, followed by Metallurgy & Steel.
This report presents a comprehensive overview, market shares, and growth opportunities of TCR Static Var Compensator (SVC) market by product voltage, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by voltage
Voltage: 0kV - 6kV
Voltage: 6kV - 10kV
Voltage: 10kV - 20kV
Voltage: 20kV - 30kV
Voltage: 30kV - 40kV
Other
Segmentation by application
Electrical Grid
Metallurgy & Steel
Mining
New Energy
Chemical
Transport
Other
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.
Taikai Power Electronic
NR Electric
CRERT
Guirong Xieping
Rongxin Power Electronic
Liaoning Lide Investment Holding Group

Key Questions Addressed in this Report
What is the 10-year outlook for the global TCR Static Var Compensator (SVC) market?
What factors are driving TCR Static Var Compensator (SVC) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do TCR Static Var Compensator (SVC) market opportunities vary by end market size?
How does TCR Static Var Compensator (SVC) break out voltage, 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.