Home > Energy & Power > Electrical Equipment > Flexible AC Transmission Systems > Static VAR Compensator Market

Static VAR Compensator Market Share

  • Report ID: GMI7012
  • Published Date: Oct 2023
  • Report Format: PDF

Static VAR Compensator Market Share

The leading companies in the industry have been consistently enhancing surge protection technology to offer superior safeguarding for delicate electronic equipment. These improvements encompass innovations in surge protection components, voltage clamping mechanisms, and response time. Prominent players in the market comprises of:

  • American Superconductor
  • General Electric
  • Hitachi Energy Ltd.
  • Mitsubishi Electric Power Products, Inc.
  • Nidec Industrial Solutions
  • NISSIN ELECTRIC Co. Ltd. 
  • NR Electric Co., Ltd.
  • Siemens
  • ABB
  • Toshiba Energy Systems & Solutions Corporation
  • JEMA Energy
  • RXPE
  • Merus Power
  • Elco Power
  • Clariant Power System Limited
  • Wärtsilä
  • Delta Electronics, Inc. 
  • Komachine Inc.
  • Sieyuan Electric Co., Ltd. 
  • Eaton

ABB is a multinational company specializing in power and automation technologies, and they offer a wide range of solutions for power quality and grid stability, including SVCs. Static VAR Compensators are used to control voltage and power factor in electrical systems, helping to stabilize the grid and improve the quality of power distribution. ABB's SVC solutions were widely recognized for their quality and effectiveness.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of static VAR compensator was worth USD 1.3 billion in 2023 and is estimated to surpass USD 1.9 billion by 2032.

The thyristor-based static VAR compensator market will witness 5.1% CAGR from 2023 to 2032, owing to the increasing need for reactive power control and voltage stability in electrical grids.

Asia Pacific static VAR compensator industry was valued at USD 496.3 million in 2022 and will grow through 2032, owing to the rapid industrialization and urbanization along with increase in energy consumption across the region.

American Superconductor, General Electric, Hitachi Energy Ltd., Mitsubishi Electric Power Products, Inc., Nidec Industrial Solutions, NISSIN ELECTRIC Co. Ltd., NR Electric Co., Ltd., Siemens, ABB, Toshiba Energy Systems & Solutions Corporation, JEMA Energy, RXPE, Merus Power, and Elco Power.

Static VAR Compensator Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 400
  • Countries covered: 25
  • Pages: 160
 Download Free Sample