The global market for Static Var Generator (SVG) was valued at US$ 873 million in the year 2024 and is projected to reach a revised size of US$ 1239 million by 2031, growing at a CAGR of 5.2% during the forecast period.
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.
According to Component, SVG can be divided into GTO type, IGBT type, IGCT type, SCR type, GTR type, MOSFET type. Due to the huge advantages of IGCT type, the Static Var Generator (SVG) in the market is basically based on IGCT technology.
Currently, there are many producing companies in the world. The main market players are Hitachi ABB, Siemens, Rongxin, Sieyuan Electric, Xin Fengguang etc.
China now is the largest production of Static Var Generator (SVG), with a production market share nearly 55.94% in 2019. The Static Var Generator (SVG) price of Chinese producers is generally low.
Static Var Generator (SVG) used in industry including Renewable Energy, Electric Utilities, Industrial & Manufacturing and Others. Report data showed that 47.03% of the Static Var Generator (SVG) market demand in Electric Utilities, 28.94% in Renewable Energy in 2019.
There are two kinds鈥� productions constituting the Static Var Generator (SVG), which are Low Voltage SVG, High Voltage SVG. High Voltage SVG is important in the Static Var Generator (SVG), with a production value market share nearly 83.72% in 2019.
Static Var Generator (SVG) is widely used in metallurgy, power, coal, non-ferrous metals, electrified railway and other key energy consumption industries. In the next few years, Static Var Generator (SVG) is growing fast.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Static Var Generator (SVG), 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 Static Var Generator (SVG).
The Static Var Generator (SVG) market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Static Var Generator (SVG) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Static Var Generator (SVG) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Siemens
Hitachi ABB
Mitsubishi Electric
GE
AMSC
NR Electric Co., Ltd.
Xin Fengguang
Sieyuan Electric
Rongxin Power Electronic Co., Ltd
Taikai Power Electronic
TBEA
XJ Group
Hopewind
by Type
Low Voltage SVG
High Voltage SVG
by Application
Electric Utilities
Renewable Energy
Industrial & Manufacturing
Others
Production by Region
Europe
North America
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Static Var Generator (SVG) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Static Var Generator (SVG) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Static Var Generator (SVG) 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, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
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1 Static Var Generator (SVG) Market Overview
1.1 Product Definition
1.2 Static Var Generator (SVG) by Type
1.2.1 Global Static Var Generator (SVG) Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Low Voltage SVG
1.2.3 High Voltage SVG
1.3 Static Var Generator (SVG) by Application
1.3.1 Global Static Var Generator (SVG) Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Electric Utilities
1.3.3 Renewable Energy
1.3.4 Industrial & Manufacturing
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Static Var Generator (SVG) Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Static Var Generator (SVG) Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Static Var Generator (SVG) Production Estimates and Forecasts (2020-2031)
1.4.4 Global Static Var Generator (SVG) Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Static Var Generator (SVG) Production Market Share by Manufacturers (2020-2025)
2.2 Global Static Var Generator (SVG) Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Static Var Generator (SVG), Industry Ranking, 2023 VS 2024
2.4 Global Static Var Generator (SVG) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Static Var Generator (SVG) Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Static Var Generator (SVG), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Static Var Generator (SVG), Product Offered and Application
2.8 Global Key Manufacturers of Static Var Generator (SVG), Date of Enter into This Industry
2.9 Static Var Generator (SVG) Market Competitive Situation and Trends
2.9.1 Static Var Generator (SVG) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Static Var Generator (SVG) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Static Var Generator (SVG) Production by Region
3.1 Global Static Var Generator (SVG) Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Static Var Generator (SVG) Production Value by Region (2020-2031)
3.2.1 Global Static Var Generator (SVG) Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Static Var Generator (SVG) by Region (2026-2031)
3.3 Global Static Var Generator (SVG) Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Static Var Generator (SVG) Production Volume by Region (2020-2031)
3.4.1 Global Static Var Generator (SVG) Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Static Var Generator (SVG) by Region (2026-2031)
3.5 Global Static Var Generator (SVG) Market Price Analysis by Region (2020-2025)
3.6 Global Static Var Generator (SVG) Production and Value, Year-over-Year Growth
3.6.1 Europe Static Var Generator (SVG) Production Value Estimates and Forecasts (2020-2031)
3.6.2 North America Static Var Generator (SVG) Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Static Var Generator (SVG) Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Static Var Generator (SVG) Production Value Estimates and Forecasts (2020-2031)
4 Static Var Generator (SVG) Consumption by Region
4.1 Global Static Var Generator (SVG) Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Static Var Generator (SVG) Consumption by Region (2020-2031)
4.2.1 Global Static Var Generator (SVG) Consumption by Region (2020-2025)
4.2.2 Global Static Var Generator (SVG) Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Static Var Generator (SVG) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Static Var Generator (SVG) Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Static Var Generator (SVG) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Static Var Generator (SVG) Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Static Var Generator (SVG) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Static Var Generator (SVG) Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Static Var Generator (SVG) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Static Var Generator (SVG) Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Static Var Generator (SVG) Production by Type (2020-2031)
5.1.1 Global Static Var Generator (SVG) Production by Type (2020-2025)
5.1.2 Global Static Var Generator (SVG) Production by Type (2026-2031)
5.1.3 Global Static Var Generator (SVG) Production Market Share by Type (2020-2031)
5.2 Global Static Var Generator (SVG) Production Value by Type (2020-2031)
5.2.1 Global Static Var Generator (SVG) Production Value by Type (2020-2025)
5.2.2 Global Static Var Generator (SVG) Production Value by Type (2026-2031)
5.2.3 Global Static Var Generator (SVG) Production Value Market Share by Type (2020-2031)
5.3 Global Static Var Generator (SVG) Price by Type (2020-2031)
6 Segment by Application
6.1 Global Static Var Generator (SVG) Production by Application (2020-2031)
6.1.1 Global Static Var Generator (SVG) Production by Application (2020-2025)
6.1.2 Global Static Var Generator (SVG) Production by Application (2026-2031)
6.1.3 Global Static Var Generator (SVG) Production Market Share by Application (2020-2031)
6.2 Global Static Var Generator (SVG) Production Value by Application (2020-2031)
6.2.1 Global Static Var Generator (SVG) Production Value by Application (2020-2025)
6.2.2 Global Static Var Generator (SVG) Production Value by Application (2026-2031)
6.2.3 Global Static Var Generator (SVG) Production Value Market Share by Application (2020-2031)
6.3 Global Static Var Generator (SVG) Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Siemens
7.1.1 Siemens Static Var Generator (SVG) Company Information
7.1.2 Siemens Static Var Generator (SVG) Product Portfolio
7.1.3 Siemens Static Var Generator (SVG) Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Siemens Main Business and Markets Served
7.1.5 Siemens Recent Developments/Updates
7.2 Hitachi ABB
7.2.1 Hitachi ABB Static Var Generator (SVG) Company Information
7.2.2 Hitachi ABB Static Var Generator (SVG) Product Portfolio
7.2.3 Hitachi ABB Static Var Generator (SVG) Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Hitachi ABB Main Business and Markets Served
7.2.5 Hitachi ABB Recent Developments/Updates
7.3 Mitsubishi Electric
7.3.1 Mitsubishi Electric Static Var Generator (SVG) Company Information
7.3.2 Mitsubishi Electric Static Var Generator (SVG) Product Portfolio
7.3.3 Mitsubishi Electric Static Var Generator (SVG) Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Mitsubishi Electric Main Business and Markets Served
7.3.5 Mitsubishi Electric Recent Developments/Updates
7.4 GE
7.4.1 GE Static Var Generator (SVG) Company Information
7.4.2 GE Static Var Generator (SVG) Product Portfolio
7.4.3 GE Static Var Generator (SVG) Production, Value, Price and Gross Margin (2020-2025)
7.4.4 GE Main Business and Markets Served
7.4.5 GE Recent Developments/Updates
7.5 AMSC
7.5.1 AMSC Static Var Generator (SVG) Company Information
7.5.2 AMSC Static Var Generator (SVG) Product Portfolio
7.5.3 AMSC Static Var Generator (SVG) Production, Value, Price and Gross Margin (2020-2025)
7.5.4 AMSC Main Business and Markets Served
7.5.5 AMSC Recent Developments/Updates
7.6 NR Electric Co., Ltd.
7.6.1 NR Electric Co., Ltd. Static Var Generator (SVG) Company Information
7.6.2 NR Electric Co., Ltd. Static Var Generator (SVG) Product Portfolio
7.6.3 NR Electric Co., Ltd. Static Var Generator (SVG) Production, Value, Price and Gross Margin (2020-2025)
7.6.4 NR Electric Co., Ltd. Main Business and Markets Served
7.6.5 NR Electric Co., Ltd. Recent Developments/Updates
7.7 Xin Fengguang
7.7.1 Xin Fengguang Static Var Generator (SVG) Company Information
7.7.2 Xin Fengguang Static Var Generator (SVG) Product Portfolio
7.7.3 Xin Fengguang Static Var Generator (SVG) Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Xin Fengguang Main Business and Markets Served
7.7.5 Xin Fengguang Recent Developments/Updates
7.8 Sieyuan Electric
7.8.1 Sieyuan Electric Static Var Generator (SVG) Company Information
7.8.2 Sieyuan Electric Static Var Generator (SVG) Product Portfolio
7.8.3 Sieyuan Electric Static Var Generator (SVG) Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Sieyuan Electric Main Business and Markets Served
7.8.5 Sieyuan Electric Recent Developments/Updates
7.9 Rongxin Power Electronic Co., Ltd
7.9.1 Rongxin Power Electronic Co., Ltd Static Var Generator (SVG) Company Information
7.9.2 Rongxin Power Electronic Co., Ltd Static Var Generator (SVG) Product Portfolio
7.9.3 Rongxin Power Electronic Co., Ltd Static Var Generator (SVG) Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Rongxin Power Electronic Co., Ltd Main Business and Markets Served
7.9.5 Rongxin Power Electronic Co., Ltd Recent Developments/Updates
7.10 Taikai Power Electronic
7.10.1 Taikai Power Electronic Static Var Generator (SVG) Company Information
7.10.2 Taikai Power Electronic Static Var Generator (SVG) Product Portfolio
7.10.3 Taikai Power Electronic Static Var Generator (SVG) Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Taikai Power Electronic Main Business and Markets Served
7.10.5 Taikai Power Electronic Recent Developments/Updates
7.11 TBEA
7.11.1 TBEA Static Var Generator (SVG) Company Information
7.11.2 TBEA Static Var Generator (SVG) Product Portfolio
7.11.3 TBEA Static Var Generator (SVG) Production, Value, Price and Gross Margin (2020-2025)
7.11.4 TBEA Main Business and Markets Served
7.11.5 TBEA Recent Developments/Updates
7.12 XJ Group
7.12.1 XJ Group Static Var Generator (SVG) Company Information
7.12.2 XJ Group Static Var Generator (SVG) Product Portfolio
7.12.3 XJ Group Static Var Generator (SVG) Production, Value, Price and Gross Margin (2020-2025)
7.12.4 XJ Group Main Business and Markets Served
7.12.5 XJ Group Recent Developments/Updates
7.13 Hopewind
7.13.1 Hopewind Static Var Generator (SVG) Company Information
7.13.2 Hopewind Static Var Generator (SVG) Product Portfolio
7.13.3 Hopewind Static Var Generator (SVG) Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Hopewind Main Business and Markets Served
7.13.5 Hopewind Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Static Var Generator (SVG) Industry Chain Analysis
8.2 Static Var Generator (SVG) Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Static Var Generator (SVG) Production Mode & Process Analysis
8.4 Static Var Generator (SVG) Sales and Marketing
8.4.1 Static Var Generator (SVG) Sales Channels
8.4.2 Static Var Generator (SVG) Distributors
8.5 Static Var Generator (SVG) Customer Analysis
9 Static Var Generator (SVG) Market Dynamics
9.1 Static Var Generator (SVG) Industry Trends
9.2 Static Var Generator (SVG) Market Drivers
9.3 Static Var Generator (SVG) Market Challenges
9.4 Static Var Generator (SVG) Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Siemens
Hitachi ABB
Mitsubishi Electric
GE
AMSC
NR Electric Co., Ltd.
Xin Fengguang
Sieyuan Electric
Rongxin Power Electronic Co., Ltd
Taikai Power Electronic
TBEA
XJ Group
Hopewind
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*If Applicable.