Static VAR Compensator Market By Type 2023 | 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 (2018 - 2023)
Report Code : ESR 0183
Updated Date: 03 May, 2018  
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  • Report Description
  • Table of Contents
  • Tables And Figures
  • Customization Options
1. Static VAR Compensator Market Overview
2. Executive Summary
3. Static VAR Compensator Market Landscape
   3.1. Market Share Analysis
   3.2. Comparative Analysis
      3.2.1. Product Benchmarking
      3.2.2. End User profiling
      3.2.3. Patent Analysis
      3.2.3. Top 5 Financials Analysis
4. Static VAR Compensator Market Forces
   4.1. Market Drivers
   4.2. Market Constraints
   4.3. Market Challenges
   4.4. Attractiveness of the Static VAR Compensator Industry
      4.4.1. Power of Suppliers
      4.4.2. Power of Customers
      4.4.3. Threat of New entrants
      4.4.4. Threat of Substitution
      4.4.5. Degree of Competition
5. Static VAR Compensator Market – Strategic Analysis
   5.1. Static VAR Compensator Market - Value Chain Analysis
   5.2. Pricing Analysis
   5.3. Product/Market Life Cycle Analysis
   5.4. Suppliers and Distributors
   5.5. Opportunities Analysis.
6. Static VAR Compensator Market – By Types
   6.1. Thyristor-Based VAR
      6.1.1. Thyristor Controlled Reactor (TCR)
      6.1.2. Thyristor Switched Reactor (TSR)
      6.1.3. Thyristor Switched Capacitor (TSC)
   6.2. Magnetically Controlled Reactor (MCR) – Based SVC
7. Static VAR Compensator Market – By Component
   7.1. Power Electronic Devices
   7.2. Harmonic Filter
   7.3. Thyristor
   7.4. Reactor
   7.5. Capacitor Bank
   7.6. GIS Switchgear
   7.7. Phase-Shifting Transformer
   7.8. Surge Arrester
   7.9. Control Protection System
8. Static VAR Compensator Market - By End User
   8.1. Electric Utility
   8.2. Renewable
      8.2.1. Wind Power Grid
         8.2.1.1. Onshore
         8.2.1.2. Offshore
      8.2.2. Solar Form
   8.3. Railway
   8.4. Industrial
      8.4.1. Steel 
         8.4.1.1. Smelting
         8.4.1.2. Power factor Control
         8.4.1.3. Flicker Reduction
         8.4.1.4. Voltage Control
         8.4.1.5. Unbalance Control
         8.4.1.6. Reduction of Harmonics
      8.4.2. Mining
         8.4.2.1. Power Factor Control
         8.4.2.2. Voltage Control
         8.4.2.3. Imbalance Control
         8.4.2.4. Reduction of Harmonics
         8.4.2.5. Dip/Sag Mitigation
   8.5. Oil & Gas
9. Static VAR Compensator Market - By Geography
   9.1. Introduction
   9.2. Americas
      9.2.1. U.S.
      9.2.2. Canada
      9.2.3. Mexico
   9.3. Europe
      9.3.1. Italy
      9.3.2. Germany
      9.3.3. France
      9.3.4. Russia
      9.3.5. Spain
      9.3.6. U.K.
   9.4. APAC
      9.4.1. China
      9.4.2. India
      9.4.3. Australia
      9.4.4. Japan
      9.4.5. Others
   9.5. RoW
      9.5.1. Middle East
      9.5.2. Africa
      9.5.3. Others
10. Market Entropy
   10.1. New Product Launches
   10.2. M&As, Collaborations, JVs, Partnership
11. Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio)
   11.1. General Electronics
   11.2. ABB Ltd
   11.3. Siemens AG Schneider
   11.4. Fuji Electronics
   11.5. Mitsubishi Electric Corporation
   11.6. American Electric Power 
   11.7. Company 7
   11.8. Company 8
   11.9. Company 9
   11.10. Company 10
   11.11. Company 11
*More than 20 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. Bibliography
   12.5. Compilation of Expert Insights
   12.6. Disclaimer
The report predicts the Global Static VAR Compensator market to grow with a CAGR of 4.23% over the period of 2017 - 2024. The global market for Static VAR Compensator at $710.6 million in 2017 is anticipated to reach $946 million in 2024. SVC market is estimated to witness an upsurge due to growing focus on electric utility spending and development of advanced technologies for renewable resources.

What is Static VAR Compensator?
Static VAR Compensator, is a set of devices which stabilize voltage output in order to maintain or control few specific parameters required for the Industrial application. The device is variable impedance in which the current flows through the device is controlled by bidirectional thyristor valves. SVC consists of two main combinational components such as: Thyristor-controlled Reactor and Thyristor switched reactor and Thyristor switched Capacitor. 

What are the major applications of Static VAR Compensator?
The primary application of SVC is to reduce voltage variations in the power system. Nowadays, many large industries, specifically steel industries consistently uses SVC for the purpose of flicker compensation in the installation of electric arc furnace. In addition to that, SVC are also installed at appropriate spots in the electric circuit system to reduce its potentiality to transfer by improving its voltage stability.
 
Static VAR Compensator Market

Market Research and Market Trends of Static VAR Compensator 
  • Patented Main Reactor SVC Design. This Patented Main Reactor SVC design is personalized based on the industries key requirements for the performance of the system. In typical SVC medium, the bus is directly connected to the SVC coupling transformer, but with this new design, there is reactor which acts as a connector between the bus and the coupling transformer. This design demands fewer harmonic filters allowing a closely-packed, optimized SVC Layout.
  • Advanced Thyristor Valve for SVC System. This Advanced SVC system is GE’s recent development liquid cooled thyristor valve for SVC applications. This new designed valves have been developed from GE’s substantial exposure of using thyristor based SVC’s for both industrial application and transmission. The ATV gives a closely-packed, flexible and consistent platform for both TSC and TCR variants.
  • Siemens providing first-of-its-kind grid stability technology – Mobile SVC Plus. Siemens, will introduce Mobile SVC Plus, which is first-of-its-kind grid stability technology. This SVC keeps the grid stable during any kind of interference and imperfection by providing rapid and restrained reactive power. This technology provides industries an unparalleled level of feasibility to move the device anywhere required, especially in situations of unexpected failures events.
  • Advanced Digital Control for SVC System. This GE’s approach to SVC system presents an innovative design by using its powerful Model based design approach. In this approach, essential library of complex control algorithm has been used to build SVC Control system software. In Model base design, Graphical Programming Interface (GPI) has been used to simplify the programming and personalize the control functions. This GPI is also used in translation of control models with automatic code generations for all verification and testing stages.

Who are the Major Players in market?
The key players operating in the market are General Electronics, ABB Ltd, Siemens AG Schneider, Fuji Electronics, Mitsubishi Electric Corporation, and American Electric Power and more than 20 companies are included in this report.

What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2017-2023.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

Key Takeaways from this Report
  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market. 

List of Tables:

Table 1: Comparative Analysis of SVC and STATCOM
Table 2: Static VAR Compensator Market Value, By Type, 2015-2022, $Million
Table 3: Static VAR Compensator Market Value, By Thyristor-Based SVC Types, 2015-2022, $Million
Table 4: Global Static VAR Compensator Market Value, By Component, 2015-2022 ($Million)
Table 5: Static VAR Compensator Market Value, By Application, 2015-2022, $Million
Table 6: Top 10 Newly Installed Capacity In 2015 for Wind Power Plant
Table 7: Europe: Static VAR Compensator Market Value, By Type, 2015-2022 ($Million)
Table 8: Europe: Static VAR Market Value, By Component, 2015-2022, $Million
Table 9: Europe: Static VAR Compensator Market Value, By Application, 2015-2022 ($Million)
Table 10: APAC Static VAR Market, By Component, 2015-2022 ($Million)
Table 11: APAC Static VAR Market, By Type, 2015-2022 ($Million)
Table 12: APAC Static VAR Market, By Application, 2015-2022 ($Million)
Table 13: Americas Static VAR Market, By Type, 2015-2022 ($Million)
Table 14: Americas Static VAR Market, By Components, 2015-2022 ($Million)
Table 15: Americas Static VAR Market, By Application, 2015-2022 ($Million)
Table 16: RoW: Static VAR Compensator Market Value, By Component, 2015-2022 ($Million)
Table 17: RoW: Static VAR Compensator Market Value, By Application, 2015-2022 ($Million)


List of Figures:

Figure 1: Global Static VAR Compensator Market Revenue, By Years, 2015-2022 ($Million)
Figure 2: Global Static VAR Compensator Market Revenue, By Region, 2015 and 2022 (%)
Figure 3: Global Static VAR Compensator Market Revenue, By Application, 2015 (%)
Figure 4: Global Static VAR Compensator Market Revenue, By Component, 2015 (%)
Figure 5: STATIC VAR COMPENSATOR MARKET SHARE ANALYSIS, BY COMPANY 2015 (%)
Figure 6: ABB Ltd
Figure 7: General Electric Co
Figure 8: Mitsubishi Electric Corp
Figure 9: Siemens AG
Figure 10: Eaton Corporation PLC
Figure 11: Earnings Per Share (EPS –Static VAR Providers), By Company
Figure 12: Static VAR Compensator Market Revenue, By End-User, 2015 (%)
Figure 13: Static VAR Compensator Market Value Chain
Figure 14: U.S Renewable Energy Supply, 2011-2017
Figure 15: Comparison between thyristor-based SVC and magnetically controlled reactor (MCR)-based SVC
Figure 16: Thyristor-Based SVC: Static VAR Compensator Market Value, 2015-2022, $Million
Figure 17: Thyristor-Based SVC: Static VAR Compensator Market Value, By Type, 2015-2022, $Million
Figure 18: Magnetically Controlled Reactor (MCR)-Based SVC: Static VAR Compensator Market Value, 2015-2022, $Million
Figure 19: Global Static VAR Compensator Market Value, By Transformers, 2015-2022 ($Million)
Figure 20: Global Static VAR Compensator Market Value, By Switchgear, 2015-2022 ($Million)
Figure 21: Global Static VAR Compensator Market Value, By Reactor, 2015-2022 ($Million)
Figure 22: Global Static VAR Compensator Market Value, By Thyristor Valve, 2015-2022 ($Million)
Figure 23: Global Static VAR Compensator Market Value, By Capacitor & Filter Bank, 2015-2022 ($Million)
Figure 24: Global Static VAR Compensator Market Value, By Cooling System, 2015-2022 ($Million)
Figure 25: Global Static VAR Compensator Market Value, By Control and Protection System, 2015-2022 ($Million)
Figure 26: Global Static VAR Compensator Market Value, By Other Components, 2015-2022 ($Million)
Figure 27: Electric Utility: Static VAR Compensator Market Value, 2015-2022, $Million
Figure 28: Renewable: Static VAR Compensator Market Value, 2015-2022, $Million
Figure 29: Railways: Static VAR Compensator Market Value, 2015-2022, $Million
Figure 30: Industrial: Static VAR Compensator Market Value, 2015-2022, $Million
Figure 31: World Petroleum and Other Liquids Consumption (Million Barrels per Day)
Figure 32: Oil and Gas: Static VAR Compensator Market Value, 2015-2022, $Million
Figure 33: APAC Static VAR Market, By Component, 2015-2022 ($Million)
Figure 34: Europe: Static VAR Market Value, 2015-2022, $Million
Figure 35: Germany: Electricity Generation, Gigawatt-hours, 2011-2015
Figure 36: Germany: Static VAR Compensator Market Value, 2015-2022 ($Million)
Figure 37: France: Share of energy from renewable sources in gross final consumption of energy, 2011-2014(%)
Figure 38: France: Static VAR Compensator Market Value, 2015-2022 ($Million)
Figure 39: Italy: Share of electricity from renewable sources in gross electricity consumption, 2011-2014 (%)
Figure 40: Italy: Static VAR Compensator Market Value, 2015-2022 ($Million)
Figure 41: Spain: Electricity Consumption by Industry, Transport Activities and households/services, 2011-2014, (GWH)
Figure 42: Spain: Static VAR Compensator Market Value, 2015-2022 ($Million)
Figure 43: Russia: Electricity Consumption, 2011-201, (Bn KWh)
Figure 44: Russia: Static VAR Compensator Market Value, 2015-2022 ($Million)
Figure 45: U.K.: Electricity Consumption, 2011-201, (Bn KWh)
Figure 46: U.K.: Static VAR Compensator Market Value, 2015-2022 ($Million)
Figure 47: Rest of Europe: Static VAR Compensator Market Value, 2015-2022 ($Million)
Figure 48: China Static VAR Market, By Type, 2015-2022 ($Million)
Figure 49: India Static VAR Market, By Type, 2015-2022 ($Million)
Figure 50: Japan Static VAR Market, By Type, 2015-2022 ($Million)
Figure 51: Australia and New Zealand Static VAR Market, By Type, 2015-2022 ($Million)
Figure 52: South Korea Static VAR Market, By Type, 2015-2022 ($Million)
Figure 53: Others Static VAR Market, By Type, 2015-2022 ($Million)
Figure 54: U.S Static VAR Market, By Type, 2015-2022 ($Million)
Figure 55: Canada Static VAR Market, By Type, 2015-2022 ($Million)
Figure 56: Mexico Static VAR Market, By Type, 2015-2022 ($Million)
Figure 57: Brazil Static VAR Market, By Type, 2015-2022 ($Million)
Figure 58: Argentina Static VAR Market, By Type, 2015-2022 ($Million)
Figure 59: Others Static VAR Market, By Type, 2015-2022 ($Million)
Figure 60: Static VAR Compensator Market Value, 2015-2022 ($Million)
Figure 61: Africa: Static VAR Compensator Market Value, By Type, 2015-2022 ($Million)
Figure 62: Middle East: Static VAR Compensator Market Value, 2015-2022 ($Million)
Figure 63: Global Static VAR Compensator Market Entropy Share, By Strategies, 2012-2016* (%)
Figure 64: ABB Group Net Sales, 2013-2015 ($Billion)
Figure 65: ABB Group Net Sales Share, By Business Segment, 2015 (%)
Figure 66: ABB Group Net Sales Share, By Geography, 2015 (%)
Figure 67: American Electric Power, Revenue, 2013-2015 ($Billion)
Figure 68: American Electric Power, Revenue Share, By Business Segment, 2015 (%)
Figure 69: Eaton Corporation Plc: Net Revenue, 2013-2015 ($Billion)
Figure 70: Eaton Corporation Plc: Net Revenue Share, By Business Segment, 2015 (%)
Figure 71: Eaton Corporation Plc: Net Revenue Share, By Geography, 2015 (%)
Figure 72: General Electric: Net Sales, 2011-2015 ($Billion)
Figure 73: General Electric: Revenue Share, By Business Segment, 2015 (%)
Figure 74: General Electric: Revenue Share, By Geography, 2015 (%)
Figure 75: Hyosung Corporation, Revenue, 2013-2015 ($Billion)
Figure 76: Mitsubishi Electric Corporation Net Sales, 2014-2016 ($Billion)
Figure 77: Mitsubishi Electric Corporation Net Sales Share, By Business Segment, 2016 (%)
Figure 78: Mitsubishi Electric Corporation Net Sales Share, By Geography, 2016 (%)
Figure 79: Siemens AG: Revenue, 2013-2015 ($Billion)
Figure 80: Siemens AG: Total Revenue, By Business Segment, 2015 (%)
Figure 81: Siemens AG: Total Revenue, By Geography, 2015 (%)
Figure 82: American Superconductor Corp, Revenue, 2012-2016 ($Million)
Figure 83: American Superconductor Corp, Net Sales Share, By Business Segment, 2015 (%)
Figure 84: American Superconductor Corp, Net Sales Share, By Region, 2015 (%)
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