The global Static Var Compensator and Static Var Generator market size is predicted to grow from US$ 1596 million in 2025 to US$ 2124 million in 2031; it is expected to grow at a CAGR of 4.9% from 2025 to 2031.
A static VAR compensator 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).
SVG is also called STATCOM is a shunt device, which uses force-commutated power electronics (i.e. GTO, IGBT) to control power flow and improve transient stability on electrical power networks. It is also a member of the so-called Flexible AC Transmission System (FACTS) devices. The STATCOM basically performs the same function as the static var compensators but with some advantages.
Global Static Var Compensator and Static Var Generator key players include ABB, Siemens, Rongxin Power Electronic, Sieyuan Electric, etc. Global top four manufacturers hold a share about 50%.
China is the largest market, with a share over 35%, followed by United States and Europe, both have a share over 30 percent.
In terms of product, SVG is the largest segment, with a share over 60%. And in terms of application, the largest application is Electric Utilities, followed by Renewable Energy, Industrial & Manufacturing, etc.
The 鈥淪tatic Var Compensator and Static Var Generator Industry Forecast鈥� looks at past sales and reviews total world Static Var Compensator and Static Var Generator sales in 2024, providing a comprehensive analysis by region and market sector of projected Static Var Compensator and Static Var Generator sales for 2025 through 2031. With Static Var Compensator and Static Var Generator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Static Var Compensator and Static Var Generator industry.
This Insight Report provides a comprehensive analysis of the global Static Var Compensator and Static Var Generator landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Static Var Compensator and Static Var Generator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Static Var Compensator and Static Var Generator market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Static Var Compensator and Static Var Generator and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Static Var Compensator and Static Var Generator.
This report presents a comprehensive overview, market shares, and growth opportunities of Static Var Compensator and Static Var Generator market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Static Var Compensator
Static Var Generator
Segmentation by Application:
Renewable Energy
Electric Utilities
Industrial & Manufacturing
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ABB
Siemens
Rongxin Power Electronic
Sieyuan Electric
Mitsubishi Electric
Hitachi
Toshiba
S&C Electric
GE
Hangzhou Yinhu Electric
AMSC
Xian XD Power
Weihan
Ingeteam
Hengshun Zhongsheng
Sinexcel
Merus Power
Baoding Sifang Sanyi Electric
Xuji Group Corporation
Zhiguang Electric
Comsys AB
Beijing In-power Electric Co., Ltd
Surpass Sun Electric
Key Questions Addressed in this Report
What is the 10-year outlook for the global Static Var Compensator and Static Var Generator market?
What factors are driving Static Var Compensator and Static Var Generator market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Static Var Compensator and Static Var Generator market opportunities vary by end market size?
How does Static Var Compensator and Static Var Generator break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Static Var Compensator and Static Var Generator Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Static Var Compensator and Static Var Generator by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Static Var Compensator and Static Var Generator by Country/Region, 2020, 2024 & 2031
2.2 Static Var Compensator and Static Var Generator Segment by Type
2.2.1 Static Var Compensator
2.2.2 Static Var Generator
2.3 Static Var Compensator and Static Var Generator Sales by Type
2.3.1 Global Static Var Compensator and Static Var Generator Sales Market Share by Type (2020-2025)
2.3.2 Global Static Var Compensator and Static Var Generator Revenue and Market Share by Type (2020-2025)
2.3.3 Global Static Var Compensator and Static Var Generator Sale Price by Type (2020-2025)
2.4 Static Var Compensator and Static Var Generator Segment by Application
2.4.1 Renewable Energy
2.4.2 Electric Utilities
2.4.3 Industrial & Manufacturing
2.4.4 Other
2.5 Static Var Compensator and Static Var Generator Sales by Application
2.5.1 Global Static Var Compensator and Static Var Generator Sale Market Share by Application (2020-2025)
2.5.2 Global Static Var Compensator and Static Var Generator Revenue and Market Share by Application (2020-2025)
2.5.3 Global Static Var Compensator and Static Var Generator Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Static Var Compensator and Static Var Generator Breakdown Data by Company
3.1.1 Global Static Var Compensator and Static Var Generator Annual Sales by Company (2020-2025)
3.1.2 Global Static Var Compensator and Static Var Generator Sales Market Share by Company (2020-2025)
3.2 Global Static Var Compensator and Static Var Generator Annual Revenue by Company (2020-2025)
3.2.1 Global Static Var Compensator and Static Var Generator Revenue by Company (2020-2025)
3.2.2 Global Static Var Compensator and Static Var Generator Revenue Market Share by Company (2020-2025)
3.3 Global Static Var Compensator and Static Var Generator Sale Price by Company
3.4 Key Manufacturers Static Var Compensator and Static Var Generator Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Static Var Compensator and Static Var Generator Product Location Distribution
3.4.2 Players Static Var Compensator and Static Var Generator Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Static Var Compensator and Static Var Generator by Geographic Region
4.1 World Historic Static Var Compensator and Static Var Generator Market Size by Geographic Region (2020-2025)
4.1.1 Global Static Var Compensator and Static Var Generator Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Static Var Compensator and Static Var Generator Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Static Var Compensator and Static Var Generator Market Size by Country/Region (2020-2025)
4.2.1 Global Static Var Compensator and Static Var Generator Annual Sales by Country/Region (2020-2025)
4.2.2 Global Static Var Compensator and Static Var Generator Annual Revenue by Country/Region (2020-2025)
4.3 Americas Static Var Compensator and Static Var Generator Sales Growth
4.4 APAC Static Var Compensator and Static Var Generator Sales Growth
4.5 Europe Static Var Compensator and Static Var Generator Sales Growth
4.6 Middle East & Africa Static Var Compensator and Static Var Generator Sales Growth
5 Americas
5.1 Americas Static Var Compensator and Static Var Generator Sales by Country
5.1.1 Americas Static Var Compensator and Static Var Generator Sales by Country (2020-2025)
5.1.2 Americas Static Var Compensator and Static Var Generator Revenue by Country (2020-2025)
5.2 Americas Static Var Compensator and Static Var Generator Sales by Type (2020-2025)
5.3 Americas Static Var Compensator and Static Var Generator Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Static Var Compensator and Static Var Generator Sales by Region
6.1.1 APAC Static Var Compensator and Static Var Generator Sales by Region (2020-2025)
6.1.2 APAC Static Var Compensator and Static Var Generator Revenue by Region (2020-2025)
6.2 APAC Static Var Compensator and Static Var Generator Sales by Type (2020-2025)
6.3 APAC Static Var Compensator and Static Var Generator Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Static Var Compensator and Static Var Generator by Country
7.1.1 Europe Static Var Compensator and Static Var Generator Sales by Country (2020-2025)
7.1.2 Europe Static Var Compensator and Static Var Generator Revenue by Country (2020-2025)
7.2 Europe Static Var Compensator and Static Var Generator Sales by Type (2020-2025)
7.3 Europe Static Var Compensator and Static Var Generator Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Static Var Compensator and Static Var Generator by Country
8.1.1 Middle East & Africa Static Var Compensator and Static Var Generator Sales by Country (2020-2025)
8.1.2 Middle East & Africa Static Var Compensator and Static Var Generator Revenue by Country (2020-2025)
8.2 Middle East & Africa Static Var Compensator and Static Var Generator Sales by Type (2020-2025)
8.3 Middle East & Africa Static Var Compensator and Static Var Generator Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Static Var Compensator and Static Var Generator
10.3 Manufacturing Process Analysis of Static Var Compensator and Static Var Generator
10.4 Industry Chain Structure of Static Var Compensator and Static Var Generator
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Static Var Compensator and Static Var Generator Distributors
11.3 Static Var Compensator and Static Var Generator Customer
12 World Forecast Review for Static Var Compensator and Static Var Generator by Geographic Region
12.1 Global Static Var Compensator and Static Var Generator Market Size Forecast by Region
12.1.1 Global Static Var Compensator and Static Var Generator Forecast by Region (2026-2031)
12.1.2 Global Static Var Compensator and Static Var Generator Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Static Var Compensator and Static Var Generator Forecast by Type (2026-2031)
12.7 Global Static Var Compensator and Static Var Generator Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 ABB
13.1.1 ABB Company Information
13.1.2 ABB Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.1.3 ABB Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 ABB Main Business Overview
13.1.5 ABB Latest Developments
13.2 Siemens
13.2.1 Siemens Company Information
13.2.2 Siemens Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.2.3 Siemens Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Siemens Main Business Overview
13.2.5 Siemens Latest Developments
13.3 Rongxin Power Electronic
13.3.1 Rongxin Power Electronic Company Information
13.3.2 Rongxin Power Electronic Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.3.3 Rongxin Power Electronic Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Rongxin Power Electronic Main Business Overview
13.3.5 Rongxin Power Electronic Latest Developments
13.4 Sieyuan Electric
13.4.1 Sieyuan Electric Company Information
13.4.2 Sieyuan Electric Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.4.3 Sieyuan Electric Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Sieyuan Electric Main Business Overview
13.4.5 Sieyuan Electric Latest Developments
13.5 Mitsubishi Electric
13.5.1 Mitsubishi Electric Company Information
13.5.2 Mitsubishi Electric Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.5.3 Mitsubishi Electric Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Mitsubishi Electric Main Business Overview
13.5.5 Mitsubishi Electric Latest Developments
13.6 Hitachi
13.6.1 Hitachi Company Information
13.6.2 Hitachi Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.6.3 Hitachi Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Hitachi Main Business Overview
13.6.5 Hitachi Latest Developments
13.7 Toshiba
13.7.1 Toshiba Company Information
13.7.2 Toshiba Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.7.3 Toshiba Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Toshiba Main Business Overview
13.7.5 Toshiba Latest Developments
13.8 S&C Electric
13.8.1 S&C Electric Company Information
13.8.2 S&C Electric Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.8.3 S&C Electric Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 S&C Electric Main Business Overview
13.8.5 S&C Electric Latest Developments
13.9 GE
13.9.1 GE Company Information
13.9.2 GE Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.9.3 GE Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 GE Main Business Overview
13.9.5 GE Latest Developments
13.10 Hangzhou Yinhu Electric
13.10.1 Hangzhou Yinhu Electric Company Information
13.10.2 Hangzhou Yinhu Electric Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.10.3 Hangzhou Yinhu Electric Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Hangzhou Yinhu Electric Main Business Overview
13.10.5 Hangzhou Yinhu Electric Latest Developments
13.11 AMSC
13.11.1 AMSC Company Information
13.11.2 AMSC Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.11.3 AMSC Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 AMSC Main Business Overview
13.11.5 AMSC Latest Developments
13.12 Xian XD Power
13.12.1 Xian XD Power Company Information
13.12.2 Xian XD Power Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.12.3 Xian XD Power Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Xian XD Power Main Business Overview
13.12.5 Xian XD Power Latest Developments
13.13 Weihan
13.13.1 Weihan Company Information
13.13.2 Weihan Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.13.3 Weihan Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Weihan Main Business Overview
13.13.5 Weihan Latest Developments
13.14 Ingeteam
13.14.1 Ingeteam Company Information
13.14.2 Ingeteam Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.14.3 Ingeteam Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Ingeteam Main Business Overview
13.14.5 Ingeteam Latest Developments
13.15 Hengshun Zhongsheng
13.15.1 Hengshun Zhongsheng Company Information
13.15.2 Hengshun Zhongsheng Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.15.3 Hengshun Zhongsheng Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Hengshun Zhongsheng Main Business Overview
13.15.5 Hengshun Zhongsheng Latest Developments
13.16 Sinexcel
13.16.1 Sinexcel Company Information
13.16.2 Sinexcel Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.16.3 Sinexcel Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Sinexcel Main Business Overview
13.16.5 Sinexcel Latest Developments
13.17 Merus Power
13.17.1 Merus Power Company Information
13.17.2 Merus Power Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.17.3 Merus Power Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 Merus Power Main Business Overview
13.17.5 Merus Power Latest Developments
13.18 Baoding Sifang Sanyi Electric
13.18.1 Baoding Sifang Sanyi Electric Company Information
13.18.2 Baoding Sifang Sanyi Electric Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.18.3 Baoding Sifang Sanyi Electric Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.18.4 Baoding Sifang Sanyi Electric Main Business Overview
13.18.5 Baoding Sifang Sanyi Electric Latest Developments
13.19 Xuji Group Corporation
13.19.1 Xuji Group Corporation Company Information
13.19.2 Xuji Group Corporation Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.19.3 Xuji Group Corporation Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.19.4 Xuji Group Corporation Main Business Overview
13.19.5 Xuji Group Corporation Latest Developments
13.20 Zhiguang Electric
13.20.1 Zhiguang Electric Company Information
13.20.2 Zhiguang Electric Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.20.3 Zhiguang Electric Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.20.4 Zhiguang Electric Main Business Overview
13.20.5 Zhiguang Electric Latest Developments
13.21 Comsys AB
13.21.1 Comsys AB Company Information
13.21.2 Comsys AB Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.21.3 Comsys AB Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.21.4 Comsys AB Main Business Overview
13.21.5 Comsys AB Latest Developments
13.22 Beijing In-power Electric Co., Ltd
13.22.1 Beijing In-power Electric Co., Ltd Company Information
13.22.2 Beijing In-power Electric Co., Ltd Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.22.3 Beijing In-power Electric Co., Ltd Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.22.4 Beijing In-power Electric Co., Ltd Main Business Overview
13.22.5 Beijing In-power Electric Co., Ltd Latest Developments
13.23 Surpass Sun Electric
13.23.1 Surpass Sun Electric Company Information
13.23.2 Surpass Sun Electric Static Var Compensator and Static Var Generator Product Portfolios and Specifications
13.23.3 Surpass Sun Electric Static Var Compensator and Static Var Generator Sales, Revenue, Price and Gross Margin (2020-2025)
13.23.4 Surpass Sun Electric Main Business Overview
13.23.5 Surpass Sun Electric Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
