TCR Static Var Compensator Market

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.
TCR Static Var Compensator Market 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, 2017-2022, 2023-2028, ($ millions)
Global TCR Static Var Compensator (SVC) Market Sales, 2017-2022, 2023-2028, (Units)
Global top five TCR Static Var Compensator (SVC) companies in 2021 (%)
The global TCR Static Var Compensator (SVC) market was valued at 717.2 million in 2021 and is projected to reach US$ 1020.5 million by 2028, at a CAGR of 5.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Voltage: 0kV - 6kV Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of TCR Static Var Compensator (SVC) include Taikai Power Electronic, NR Electric, CRERT, Guirong Xieping, Rongxin Power Electronic and Liaoning Lide Investment Holding Group, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
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, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global TCR Static Var Compensator (SVC) Market Segment Percentages, by Voltage, 2021 (%)
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, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global TCR Static Var Compensator (SVC) Market Segment Percentages, by Application, 2021 (%)
Electrical Grid
Metallurgy & Steel
Mining
New Energy
Chemical
Transport
Other
Global TCR Static Var Compensator (SVC) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global TCR Static Var Compensator (SVC) Market Segment Percentages, By Region and Country, 2021 (%)
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, 2017-2022 (Estimated), ($ millions)
Key companies TCR Static Var Compensator (SVC) revenues share in global market, 2021 (%)
Key companies TCR Static Var Compensator (SVC) sales in global market, 2017-2022 (Estimated), (Units)
Key companies TCR Static Var Compensator (SVC) sales share in global market, 2021 (%)
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