Static VAR Compensator Market By Type 2021 | IndustryARC
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Static VAR Compensator Market
Static VAR Compensator Market: By Type (Thyristor-Based SVC, & Magnetically Controlled Reactor-Based SVC) By End-Use Industry (Electric Utility, Renewable, Railway, Industrial, Oil & Gas, & Others), By Component & Geography-Forecast (2016-2021)
Report Code : ESR 0183
Updated Date: 03 March, 2016  

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A static VAR compensator will typically regulate and control the voltage to the required set point under normal steady state and contingency conditions and thereby providing fast-acting reactive power on high-voltage electricity transmission networks. Globally demand for static VAR compensator is being driven by growing demand for renewable sources of energy and increasing adoption of static VAR compensator in railways as high voltage boosters. In addition, the need for upgradation and replacement of aging power infrastructure in developed regions will create greater opportunities for the static VAR compensator market. However, lack of awareness of MCR-Based static VAR compensators and higher political intervention in power industry are key challenges faced by static VAR compensator market.

This report identifies the global static VAR compensator market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to static VAR compensator market.
Static VAR Compensator Market

Geographically, Asia Pacific dominated the global static VAR compensator market, and is projected to have the highest growth rates during the forecast period, owing to development of industrial sector and power infrastructure in this region. MCR based static VAR compensator is expected to grow at the highest rate in the static VAR compensator market, among all types of static VAR compensator, owing to its advantages such as high reliability, ability to sustain instantaneous voltage to avoid generator breaking, increased capability to transfer power, low harmonics, small dimension, and faster response time. Among all the end-user the market for renewable energy is estimated to have highest growth, owing to larger investments being made by investors in the renewable sector in countries in the Asia-Pacific.

This report segments global static VAR compensator market on the basis of type, components, end-user industry, and regional market as follows:
  • Global Static VAR Compensator Market, By Type (2014-2021): Thyristor-Based SVC, and Magnetically Controlled Reactor (MCR)-Based SVC
  • The static VAR compensator market is also segmented on the basis of components being used static VAR compensator as follow: Power Electronics Devices, Harmonic Filter, Thyristor, Reactor, Capacitor Bank, Gis Switchgear, Phase-Shifting Transformer (PST), Surge Arrester, and Control Protection System
  • The report is also segmented on the basis of end-use industry in which Static VAR Compensator are being used as follow: Electric Utility, Renewable, Railway, Industrial, Oil & Gas, and Others
  • This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
Sample Companies profiled in this Report are:
  • ABB Ltd.
  • General Electric
  • Siemens AG
  • Mitsubishi Electric Corporation
  • Eaton Corporation Plc
  • 10+.
1. Static VAR Compensator– Market Overview
2. Executive Summary
Static VAR Compensator Market Landscape
   3.1. Market Share Analysis
   3.2. Comparative Analysis
   3.3. Product Benchmarking
   3.4. End User Profiling
   3.5. Top 5 Financials Analysis
4. Static VAR Compensator– Market Forces
   4.1. Drivers
      4.1.1. Growing demand for renewable sources of energy
      4.1.2. Rising adoption of Static VAR Compensator in railways as high voltage boosters
   4.2. Restraints
      4.2.1. Lack of awareness of MCR-Based Static VAR Compensators
      4.2.2. Higher political intervention in power industry
   4.3. Opportunities
      4.3.1. Increasing need for upgradation and replacement of aging power infrastructure in developed regions
   4.4. Challenges
   4.5. Porter’s Five Forces Analysis
      4.5.1. Bargaining Power of Suppliers
      4.5.2. Bargaining Power of Buyers
      4.5.3. Threat of New Entrants
      4.5.4. Threat of Substitutes
      4.5.5. Degree of Competition
5. Static VAR Compensator Market – Strategic Analysis
   5.1. Value Chain Analysis
   5.2. Pricing Analysis
   5.3. Opportunities Analysis
   5.4. Product/Market Life Cycle Analysis
   5.5. Suppliers and Distributors
6. Global Static VAR Compensator Market, By Type
   6.1. Thyristor-Based SVC
   6.2. Magnetically Controlled Reactor (MCR)-Based SVC
7. Global Static VAR Compensator Market, By Component
   7.1. Power Electronics Devices
   7.2. Harmonic Filter
   7.3. Thyristor
   7.4. Reactor
   7.5. Capacitor Bank
   7.6. Gis Switchgear
   7.7. Phase-Shifting Transformer (PST)
   7.8. Surge Arrester
   7.9. Control Protection System
8. Global Static VAR Compensator Market, By End User
   8.1. Electric Utility
   8.2. Renewable
   8.3. Railway
   8.4. Industrial
   8.5. Oil & Gas
   8.6. Others
9. Global Static VAR Compensator Market, By Geography
   9.1. Europe
      9.1.1. Germany
      9.1.2. France
      9.1.3. Italy
      9.1.4. Spain
      9.1.5. Russia
      9.1.6. U.K.
      9.1.7. Rest of Europe
   9.2. Asia Pacific
      9.2.1. China
      9.2.2. India
      9.2.3. Japan
      9.2.4. South Korea
      9.2.5. Rest of Asia-Pacific
   9.3. North America
      9.3.1. U.S.
      9.3.2. Canada
      9.3.3. Mexico
   9.4. Rest of the World (RoW)
      9.4.1. Brazil
      9.4.2. Rest of RoW
10. Static VAR Compensator– Market Entropy
   10.1. Expansion
   10.2. Technological Developments
   10.3. Merger & Acquisitions, and Joint Ventures
   10.4. Supply- Contract
11. Company Profiles (Top 10 Companies)
   11.1. ABB Ltd.
      11.1.1. Introduction
      11.1.2. Financials
      11.1.3. Key Insights
      11.1.4. Key Strategy
      11.1.5. Product Portfolio
      11.1.6. SWOT Analysis
   11.2. General Electric
      11.2.1. Introduction
      11.2.2. Financials
      11.2.3. Key Insights
      11.2.4. Key Strategy
      11.2.5. Product Portfolio
      11.2.6. SWOT Analysis
   11.3. Siemens AG
      11.3.1. Introduction
      11.3.2. Financials
      11.3.3. Key Insights
      11.3.4. Key Strategy
      11.3.5. Product Portfolio
      11.3.6. SWOT Analysis
   11.4. Mitsubishi Electric Corporation
      11.4.1. Introduction
      11.4.2. Financials
      11.4.3. Key Insights
      11.4.4. Key Strategy
      11.4.5. Product Portfolio
      11.4.6. SWOT Analysis
   11.5. Eaton Corporation Plc
      11.5.1. Introduction
      11.5.2. Financials
      11.5.3. Key Insights
      11.5.4. Key Strategy
      11.5.5. Product Portfolio
      11.5.6. SWOT Analysis
   11.6. Hyosung
      11.6.1. Introduction
      11.6.2. Financials
      11.6.3. Key Insights
   11.6.4. Key Strategy
      11.6.5. Product Portfolio
      11.6.6. SWOT Analysis
   11.7. Rongxin Power Electronic Co., Ltd.
      11.7.1. Introduction
      11.7.2. Financials
      11.7.3. Key Insights
      11.7.4. Key Strategy
      11.7.5. Product Portfolio
      11.7.6. SWOT Analysis
   11.8. American Superconductor Corp.
      11.8.1. Introduction
      11.8.2. Financials
      11.8.3. Key Insights
      11.8.4. Key Strategy
      11.8.5. Product Portfolio
      11.8.6. SWOT Analysis
   11.9. Nr Electric Co., Ltd.
      11.9.1. Introduction
      11.9.2. Financials
      11.9.3. Key Insights
      11.9.4. Key Strategy
      11.9.5. Product Portfolio
      11.9.6. SWOT Analysis
   11.10. American Electric Power
      11.10.1. Introduction
      11.10.2. Financials
      11.10.3. Key Insights
      11.10.4. Key Strategy
      11.10.5. Product Portfolio
      11.10.6. SWOT Analysis
*More than 10 Companies are profiled in this Research Report*
"*Financials would be provided on a best efforts basis for private companies"
12. Appendix

   12.1. Abbreviations
   12.2. Sources
   12.3. Research Methodology
   12.4. Expert Insights
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