Report overview
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.
This report aims to provide a comprehensive presentation of the global market for TCR Static Var Compensator (SVC), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding TCR Static Var Compensator (SVC). This report contains market size and forecasts of TCR Static Var Compensator (SVC) in global, including the following market information:
Global TCR Static Var Compensator (SVC) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global TCR Static Var Compensator (SVC) Market Sales, 2018-2023, 2024-2029, (Units)
Global top five TCR Static Var Compensator (SVC) companies in 2022 (%)
The global TCR Static Var Compensator (SVC) market was valued at US$ 717.2 million in 2022 and is projected to reach US$ 1020.5 million by 2029, at a CAGR of 5.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the TCR Static Var Compensator (SVC) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global TCR Static Var Compensator (SVC) Market, by Voltage, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global TCR Static Var Compensator (SVC) Market Segment Percentages, by Voltage, 2022 (%)
Voltage: 0kV - 6kV
Voltage: 6kV - 10kV
Voltage: 10kV - 20kV
Voltage: 20kV - 30kV
Voltage: 30kV - 40kV
Other
Global TCR Static Var Compensator (SVC) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global TCR Static Var Compensator (SVC) Market Segment Percentages, by Application, 2022 (%)
Electrical Grid
Metallurgy & Steel
Mining
New Energy
Chemical
Transport
Other
Global TCR Static Var Compensator (SVC) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global TCR Static Var Compensator (SVC) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies TCR Static Var Compensator (SVC) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies TCR Static Var Compensator (SVC) revenues share in global market, 2022 (%)
Key companies TCR Static Var Compensator (SVC) sales in global market, 2018-2023 (Estimated), (Units)
Key companies TCR Static Var Compensator (SVC) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Taikai Power Electronic
NR Electric
CRERT
Guirong Xieping
Rongxin Power Electronic
Liaoning Lide Investment Holding Group
Outline of Major Chapters:
Chapter 1: Introduces the definition of TCR Static Var Compensator (SVC), market overview.
Chapter 2: Global TCR Static Var Compensator (SVC) market size in revenue and volume.
Chapter 3: Detailed analysis of TCR Static Var Compensator (SVC) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by voltage, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of TCR Static Var Compensator (SVC) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global TCR Static Var Compensator (SVC) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
