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The static VAR compensator (SVC) market was valued at USD 643.6 million in 2014 and is expected to reach USD 807.7 million by 2020, at a CAGR of 3.8% between 2015 and 2020. The increasing demand for renewable source of energy and replacement of aging power infrastructure in developed geographical regions are the factors driving the SVC market positively.

“MCR-based solution is in the growth phase, whereas thyristor-based solution is entering the maturity phase”
In the static VAR compensator (SVC) market, MCR based SVC solution is estimated to grow at a significant pace during the forecast period. Till recently, thyristor-based SVC solutions were used by transmission and distribution companies for AC transmission and distribution solutions. Presently, the use of MCR-based SVC solutions is increasing owing to the presence of features such as high reliability, small dimension, and its ability to sustain instantaneous voltage to avoid generator breaking among others, as compared to thyristor-based SVC.

“APAC is expected to grow at the highest rate in the SVC market”
The market in APAC is expected to grow at the highest CAGR between 2015 and 2020. The growth is attributed to the continuous demand for electricity, which plays a major role in the adoption of SVC in this region. In rapidly growing economies such as China and India, capacity addition across the existing power infrastructure value chain is the major driving factor for the increased demand for SVC in this region.

Breakdown of profile of primary participants:
- By Company Type-Tier 1- 14%, Tier 2- 29%, Tier 3- 57%
- By Designation –C Level- 14%, Manager Level- 57%; Others- 29%
- By Region- North America-43%, Europe-29%, Asia-Pacific-14%, RoW-14%

The key players operating in this market include Rongxin Power Electronic Co., Ltd. (China), ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric (U.S.), Eaton Corp plc (Ireland), American Electric Power (U.S.), Hyosung (South Korea), NR Electric Co. Ltd. (China), Mitsubishi Electric Corp. (Japan), and American Superconductor Corp. (U.S.) among others.

“Reasons to buy the report”:
- This report includes the market statistics pertaining to SVC type, vertical, and geography along with their respective revenues.
- The Porter’s Five Forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the static VAR compensator (SVC) market.
- Major drivers, restraints, and opportunities for the SVC market have been detailed in this report.
- Illustrative segmentation, analysis, and forecast for the markets based on SVC type, component, vertical, and geography has been conducted to give an overall view of the SVC market.
- A detailed competitive landscape includes key players, in-depth analysis, and revenue of key players.

Table Of Contents

Static VAR Compensator Market by Type, by Component, by Vertical, and Geography - Global Forecast to 2020
TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 STUDY OBJECTIVES 14
1.2 MARKET DEFINITION 14
1.3 STUDY SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY and PRICING 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25
2.4.1 ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHT 31
4.1 INCREASING OPPORTUNITIES IN THE RENEWABLE VERTICAL EXPECTED TO DRIVE THE SVC MARKET DURING THE FORECAST PERIOD 31
4.2 THYRISTOR SVC MARKET: BY REGION 31
4.3 CANADA EXPECTED TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 32
4.4 AMERICAS HELD THE LARGEST MARKET SHARE IN THE GLOBAL SVC MARKET IN 2014 33
4.5 SVC MARKET IN RENEWABLE VERTICAL 33
4.6 LIFE CYCLE ANALYSIS, BY GEOGRAPHY 34

5 MARKET OVERVIEW 35
5.1 MARKET SEGMENTATION 36
5.2 MARKET DYNAMICS 38
5.2.1 DRIVERS 39
5.2.1.1 Increase in the demand for renewable sources of energy 39
5.2.1.2 Power quality and network reliability requirements 40
5.2.1.3 Upgradation and replacement of aging power infrastructure in developed regions 40
5.2.2 RESTRAINTS 41
5.2.2.1 Lack of awareness about MCR-based SVCs 41
5.2.2.2 Political intervention in the power and utility market 41
5.2.3 OPPORTUNITIES 42
5.2.3.1 Increasing use of static VAR compensators as high voltage boosters in railways 42
5.2.4 CHALLENGES 43
5.2.4.1 Cost and other related issues in the SVC market 43
6 INDUSTRY TRENDS 44
6.1 INTRODUCTION 45
6.2 VALUE CHAIN ANALYSIS 46
6.3 PORTER'S FIVE FORCES ANALYSIS 47
6.3.1 INTENSITY OF COMPETITIVE RIVALRY 48
6.3.2 THREAT OF SUBSTITUTES 49
6.3.3 BARGAINING POWER OF BUYERS 50
6.3.4 BARGAINING POWER OF SUPPLIERS 51
6.3.5 THREAT OF NEW ENTRANTS 52
6.4 REGULATORY LANDSCAPE 53
7 STATIC VAR COMPENSATOR MARKET, BY TYPE 54
7.1 INTRODUCTION 55
7.2 THYRISTOR-BASED SVC 57
7.2.1 THYRISTOR-CONTROLLED REACTOR - FIXED CAPACITOR (TCR-FC) 57
7.2.2 THYRISTOR-CONTROLLED REACTOR - THYRISTOR SWITCHED CAPACITOR (TCR-TSC) 57
7.3 MAGNETICALLY CONTROLLED REACTOR (MCR)-BASED SVC 60
8 STATIC VAR COMPENSATOR MARKET, BY COMPONENT 64
8.1 INTRODUCTION 65
8.2 POWER ELECTRONICS DEVICES 65
8.3 HARMONIC FILTER 66
8.4 THYRISTOR 66
8.5 REACTOR 66
8.6 CAPACITOR BANK 66
8.7 GIS SWITCHGEAR 67
8.8 PHASE-SHIFTING TRANSFORMER (PST) 67
8.9 SURGE ARRESTER 67
8.10 CONTROL PROTECTION SYSTEM 67
9 STATIC VAR COMPENSATOR MARKET, BY VERTICAL 68
9.1 INTRODUCTION 69
9.2 ELECTRIC UTILITY 72
9.3 RENEWABLE 73
9.3.1 WIND POWER GRID 75
9.3.1.1 Onshore 75
9.3.1.2 Offshore 76
9.3.2 SOLAR FARM 77
9.4 RAILWAY 78
9.5 INDUSTRIAL 79
9.5.1 STEEL 81
9.5.2 MINING 82
9.6 OIL and GAS 83
10 GEOGRAPHIC ANALYSIS 85
10.1 INTRODUCTION 86
10.2 AMERICAS 89
10.2.1 NORTH AMERICA 92
10.2.1.1 U.S. 92
10.2.1.2 Canada 93
10.2.1.3 Mexico 93
10.2.2 SOUTH AMERICA 94
10.2.2.1 Brazil 94
10.2.2.2 Rest of South America 94
10.3 EUROPE 95
10.3.1 WESTERN EUROPE 98
10.3.1.1 Germany 98
10.3.1.2 France 99
10.3.1.3 U.K. 99
10.3.1.4 Spain 99
10.3.1.5 Rest of Western Europe 99
10.3.2 EASTERN EUROPE 100
10.3.2.1 Russia 100
10.3.2.2 Turkey 100
10.3.3 REST OF EUROPE 101

10.4 APAC 101
10.4.1 CHINA 104
10.4.2 INDIA 104
10.4.3 JAPAN 104
10.4.4 SOUTH-KOREA 104
10.4.5 REST OF APAC 105
10.5 REST OF THE WORLD 105
10.5.1 SOUTH AFRICA 107
10.5.2 MIDDLE EAST 107
10.5.2.1 Saudi Arabia 107
10.5.2.2 UAE 107
11 COMPETITIVE LANDSCAPE 109
11.1 OVERVIEW 109
11.2 MARKET RANKING FOR STATIC VAR COMPENSATOR (SVC) MARKET 110
11.3 COMPETITIVE SCENARIO 111
11.4 RECENT DEVELOPMENTS 113
11.4.1 EXPANSIONS 113
11.4.2 NEW PRODUCT LAUNCHES 114
11.4.3 PARTNERSHIPS and JOINT VENTURES 114
11.4.4 MERGERS and ACQUISITIONS 115
12 COMPANY PROFILES 116
(Overview, Products and Services, Financials, Strategy and Development)*
12.1 INTRODUCTION 116
12.2 ABB LTD. 117
12.3 GENERAL ELECTRIC 120
12.4 SIEMENS AG 123
12.5 MITSUBISHI ELECTRIC CORPORATION 126
12.6 EATON CORPORATION PLC 129
12.7 AMERICAN ELECTRIC POWER 132
12.8 HYOSUNG 134
12.9 RONGXIN POWER ELECTRONIC CO., LTD. 135
12.10 AMERICAN SUPERCONDUCTOR CORP. 136
12.11 NR ELECTRIC CO., LTD. 138
*Details on Overview, Products and Services, Financials, Strategy and Development might not be Captured in case of Unlisted Companies.

13 APPENDIX 140
13.1 INSIGHTS OF INDUSTRY EXPERTS 140
13.2 DISCUSSION GUIDE 141
13.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 143
13.4 AVAILABLE CUSTOMIZATIONS 145
13.5 RELATED REPORTS 145
LIST OF TABLES

TABLE 1 SVC MARKET SEGMENTATION, BY TYPE 36
TABLE 2 SVC MARKET SEGMENTATION, BY COMPONENT 36
TABLE 3 SVC MARKET SEGMENTATION, BY VERTICAL 37
TABLE 4 LIST OF SVC PROJECTS WITH GOVERNMENT SUPPORT 40
TABLE 5 INCREASE IN DEMAND FOR RENEWABLE SOURCE OF ENERGY IS PROPELLING
THE GROWTH OF SVC MARKET DURING THE FORECAST PERIOD 41
TABLE 6 LACK OF AWARENESS ABOUT MCR-BASED SVCS EXPECTED TO ACTS AS A RESTRAINT FOR THE SVC MARKET 42
TABLE 7 INCREASED USAGE IN RAILWAYS AS HIGH VOLTAGE BOOSTERS IS A HUGE OPPORTUNITY FOR THE SVC MARKET 42
TABLE 8 PORTER'S FIVE FORCES ANALYSIS: THREAT OF SUBSTITUTES IS LIKELY TO HAVE MINIMUM IMPACT ON THE OVERALL MARKET 47
TABLE 9 SVC MARKET: REGULATORY LANDSCAPE 53
TABLE 10 SVC MARKET, BY TYPE, 2013-2020 (USD MILLION) 56
TABLE 11 CHARACTERISTICS OF MCR-BASED SVC AND TCR-BASED SVC 56
TABLE 12 THYRISTOR-BASED SVC MARKET, BY VERTICAL, 2013-2020 (USD MILLION) 58
TABLE 13 THYRISTOR-BASED SVC MARKET, BY RENEWABLE VERTICAL,
2013-2020 (USD MILLION) 59
TABLE 14 THYRISTOR-BASED SVC MARKET, BY INDUSTRIAL VERTICAL,
2013-2020 (USD MILLION) 59
TABLE 15 THYRISTOR-BASED SVC MARKET, BY REGION, 2013-2020 (USD MILLION) 59
TABLE 16 AMERICAS: THYRISTOR-BASED SVC MARKET, BY REGION,
2013-2020 (USD MILLION) 60
TABLE 17 MCR-BASED SVC MARKET, BY VERTICAL, 2013-2020 (USD MILLION) 61
TABLE 18 MCR-BASED SVC MARKET, BY RENEWABLE VERTICAL, 2013-2020 (USD MILLION) 61
TABLE 19 MCR-BASED SVC MARKET, BY INDUSTRIAL VERTICAL, 2013-2020 (USD MILLION) 62
TABLE 20 MCR-BASED SVC MARKET, BY REGION, 2013-2020 (USD MILLION) 62
TABLE 21 AMERICAS: MCR BASED SVC MARKET, BY REGION, 2013-2020 (USD MILLION) 63
TABLE 22 SVC MARKET, BY VERTICAL, 2013-2020 (USD MILLION) 70
TABLE 23 SVC MARKET, BY RENEWABLE VERTICAL, 2013-2020 (USD MILLION) 71
TABLE 24 SVC MARKET, BY INDUSTRIAL VERTICAL, 2013-2020 (USD MILLION) 71
TABLE 25 SVC MARKET IN ELECTRIC UTILITY , BY TYPE, 2013-2020 (USD MILLION) 72
TABLE 26 THYRISTOR SVC MARKET IN ELECTRIC UTILITY, BY TYPE,
2013-2020 (USD MILLION) 72
TABLE 27 SVC MARKET IN ELECTRIC UTILITY, BY REGION, 2013-2020 (USD MILLION) 73
TABLE 28 SVC MARKET IN RENEWABLE VERTICAL, BY TYPE, 2013-2020 (USD MILLION) 74
TABLE 29 THYRISTOR SVC MARKET IN RENEWABLE VERTICAL, BY TYPE,
2013-2020 (USD MILLION) 74
TABLE 30 SVC MARKET IN RENEWABLE VERTICAL, BY REGION, 2013-2020 (USD MILLION) 75
TABLE 31 SVC MARKET IN WIND POWER , BY TYPE, 2013-2020 (USD MILLION) 76
TABLE 32 SVC MARKET IN WIND POWER, BY REGION, 2013-2020 (USD MILLION) 76
TABLE 33 SVC MARKET IN SOLAR FARM, BY TYPE, 2013-2020 (USD MILLION) 77
TABLE 34 SVC MARKET IN SOLAR FARM, BY REGION, 2013-2020 (USD MILLION) 77
TABLE 35 SVC MARKET IN RAILWAY VERTICAL, BY TYPE, 2013-2020 (USD MILLION) 78
TABLE 36 THYRISTOR SVC MARKET IN RAILWAY VERTICAL, BY TYPE,
2013-2020 (USD MILLION) 78
TABLE 37 SVC MARKET IN RAILWAY VERTICAL , BY GEOGRAPHY, 2013-2020 (USD MILLION) 79
TABLE 38 SVC MARKET IN INDUSTRIAL VERTICAL, BY TYPE, 2013-2020 (USD MILLION) 80
TABLE 39 THYRISTOR: SVC MARKET IN INDUSTRIAL VERTICAL, BY TYPE,
2013-2020 (USD MILLION) 80
TABLE 40 SVC MARKET IN INDUSTRIAL VERTICAL, BY GEOGRAPHY,
2013-2020 (USD MILLION) 80
TABLE 41 SVC MARKET IN STEEL, BY TYPE, 2013-2020 (USD MILLION) 81
TABLE 42 SVC MARKET IN STEEL, BY GEOGRAPHY, 2013-2020 (USD MILLION) 81
TABLE 43 SVC MARKET IN MINING, BY TYPE, 2013-2020 (USD MILLION) 82
TABLE 44 SVC MARKET IN MINING, BY GEOGRAPHY, 2013-2020 (USD MILLION) 82
TABLE 45 SVC MARKET IN OIL and GAS, BY TYPE, 2013-2020 (USD MILLION) 83
TABLE 46 THYRISTOR SVC MARKET IN OIL and GAS, BY TYPE, 2013-2020 (USD MILLION) 83
TABLE 47 SVC MARKET IN OIL and GAS, BY REGION, 2013-2020 (USD MILLION) 84
TABLE 48 SVC MARKET, BY REGION, 2013-2020 (USD MILLION) 88
TABLE 49 GLOBAL SVC POWER TRANSMISSION, BY REGION, 2013-2020 (IN MVAR) 88
TABLE 50 AMERICAS: SVC MARKET, BY VERTICAL, 2013-2020 (USD MILLION) 91
TABLE 51 AMERICAS: SVC MARKET, BY RENEWABLE VERTICAL, 2013-2020 (USD MILLION) 91
TABLE 52 AMERICAS: SVC MARKET, BY INDUSTRIAL VERTICAL, 2013-2020 (USD MILLION) 92
TABLE 53 AMERICAS: SVC MARKET, BY REGION, 2013-2020 (USD MILLION) 92
TABLE 54 NORTH AMERICA: SVC MARKET, BY COUNTRY, 2013-2020 (USD MILLION) 93
TABLE 55 SOUTH AMERICA: SVC MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION) 94
TABLE 56 EUROPE: SVC MARKET, BY VERTICAL, 2013-2020 (USD MILLION) 97
TABLE 57 EUROPE: SVC MARKET, BY RENEWABLE VERTICAL, 2013-2020 (USD MILLION) 97
TABLE 58 EUROPE: SVC MARKET, BY INDUSTRIAL VERTICAL, 2013-2020 (USD MILLION) 98
TABLE 59 EUROPE: SVC MARKET, BY REGION, 2013-2020 (USD MILLION) 98
TABLE 60 WESTERN EUROPE: SVC MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION) 100
TABLE 61 EASTERN EUROPE: SVC MARKET, BY COUNTRY, 2013-2020 (USD MILLION) 100
TABLE 62 APAC: SVC MARKET, BY VERTICAL, 2013-2020 (USD MILLION) 103
TABLE 63 APAC: SVC MARKET, BY RENEWABLE VERTICAL, 2013-2020 (USD MILLION) 103
TABLE 64 APAC: SVC MARKET, BY INDUSTRIAL VERTICAL, 2013-2020 (USD MILLION) 104
TABLE 65 APAC: SVC MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION) 105
TABLE 66 ROW: SVC MARKET, BY VERTICAL, 2013-2020 (USD MILLION) 106
TABLE 67 ROW: SVC MARKET, BY RENEWABLE VERTICAL, 2013-2020 (USD MILLION) 106
TABLE 68 ROW: SVC MARKET, BY INDUSTRIAL VERTICAL, 2013-2020 (USD MILLION) 106
TABLE 69 ROW: SVC MARKET, BY REGION, 2013-2020 (USD MILLION) 107
TABLE 70 MIDDLE EAST: SVC MARKET, BY COUNTRY, 2013-2020 (USD MILLION) 108
TABLE 71 EXPANSIONS, 2013-2015 113
TABLE 72 NEW PRODUCT LAUNCH, 2013-2015 114
TABLE 73 PARTNERSHIPS and JOINT VENTURES, 2013-2014 114
TABLE 74 MERGERS and ACQUISITIONS, 2012-2015 115
LIST OF FIGURES

FIGURE 1 RESEARCH DESIGN 18
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 22
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 23
FIGURE 4 DATA TRIANGULATION 24
FIGURE 5 MCR-BASED SVC EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN
2015 AND 2020 27
FIGURE 6 RENEWABLE VERTICAL OF THE SVC MARKET EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN 2015 AND 2020 27
FIGURE 7 APAC SVC MARKET OF THE RENEWABLE VERTICAL TO HOLD THE HIGHEST MARKET SHARE DURING THE FORECAST PERIOD 28
FIGURE 8 ELECTRIC UTILITY EXPECTED TO HOLD THE HIGHEST MARKET SHARE IN
MCR-BASED SVC MARKET DURING THE FORECAST PERIOD 29
FIGURE 9 THE SVC MARKET IN APAC EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN 2015 AND 2020 30
FIGURE 10 SIGNIFICANT INCREASE IN DEMAND FOR SVC SOLUTION 31
FIGURE 11 APAC TO REGISTER THE HIGHEST CAGR IN THYRISTOR SVC MARKET DURING
THE FORECAST PERIOD 31
FIGURE 12 ELECTRIC UTILITY TO HOLD THE LARGEST MARKET SHARE IN AMERICAS TILL 2020 32
FIGURE 13 INDIA and SOUTH KOREA EXPECTED TO WITNESS THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 33
FIGURE 14 SOLAR FARM ESTIMATED TO GROW AT A HIGHER CAGR BETWEEN 2015 AND 2020 33
FIGURE 15 SVC MARKET IS CURRENTLY IN GROWTH STAGE IN APAC REGION 34
FIGURE 16 SVC MARKET SEGMENTATION, BY GEOGRAPHY 37
FIGURE 17 INCREASE IN DEMAND FOR RENEWABLE SOURCE OF ENERGY EXPECTED TO SPUR THE DEMAND FOR SVC MARKET 38
FIGURE 18 ANNUAL INVESTMENTS and INSTALLATIONS IN EUROPE OFFSHORE WIND FARMS, 2002-2014 39
FIGURE 19 STATIC VAR COMPENSATOR (SVC) SOLUTION LIFE-CYCLE, 2014 45
FIGURE 20 VALUE CHAIN ANALYSIS (2014): MAJOR VALUE IS ADDED DURING EPC and
SVC INSTALLATION PHASE 46
FIGURE 21 SVC MARKET: PORTER'S FIVE FORCES ANALYSIS (2014) 47
FIGURE 22 SVC MARKET: PORTER'S FIVE FORCES ANALYSIS 48
FIGURE 23 INTENSITY OF COMPETITIVE RIVALRY: MODERATE COMPETITION IN THE MARKET OWING TO THE PRESENCE OF MODERATE NUMBER OF PLAYERS 48
FIGURE 24 THREAT OF SUBSTITUTES: THREAT OF SUBSTITUTES IS LIKELY TO BE LOW DUE TO LESS AVAILABILITY OF MAJOR SUBSTITUTES 49
FIGURE 25 BARGAINING POWER OF BUYERS: BARGAINING POWER OF BUYERS LIKELY TO BE MODERATE AS AVAILABILITY OF CUSTOMIZED SOLUTIONS IS MODERATE 50
FIGURE 26 BARGAINING POWER OF SUPPLIERS: ABILITY TO PROVIDE SVC SOLUTIONS THAT ARE OF HIGH QUALITY AND RELIABLE WOULD DRIVE THE SUPPLIERS' MARKET IN FUTURE 51
FIGURE 27 THREAT OF NEW ENTRANTS: LOW GROWTH RATE IS A KEY FACTOR BEHIND MODERATE THREAT OF NEW ENTRANTS 52
FIGURE 28 STATIC VAR COMPENSATOR MARKET, BY TYPE 55
FIGURE 29 MCR-BASED SVC TYPE EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN
2015 AND 2020 55
FIGURE 30 RENEWABLE VERTICAL EXPECTED TO GROW AT THE HIGHEST RATE IN THE THYRISTOR-BASED SVC MARKET BETWEEN 2015 AND 2020 58
FIGURE 31 MINING VERTICAL EXPECTED TO GROW AT THE HIGHEST RATE IN THE MCR-BASED INDUSTRIAL SVC MARKET BETWEEN 2015 AND 2020 62
FIGURE 32 SVC MARKET SEGMENTATION: BY COMPONENT 65
FIGURE 33 SVC MARKET SEGMENTATION: BY VERTICAL 69
FIGURE 34 RENEWABLE VERTICAL EXPECTED TO GROW AT THE HIGHEST RATE IN
THE SVC MARKET BETWEEN 2015 AND 2020 70
FIGURE 35 SVC MARKET SEGMENTATION: BY RENEWABLE 74
FIGURE 36 SVC MARKET SEGMENTATION: BY WIND POWER GRID 75
FIGURE 37 SVC MARKET SEGMENTATION: BY INDUSTRIAL VERTICAL 79
FIGURE 38 APAC REGION TO GROW AT THE HIGHEST RATE IN THE OIL and GAS SVC MARKET BETWEEN 2015 AND 2020 84
FIGURE 39 SVC MARKET SEGMENTATION: BY GEOGRAPHY 86
FIGURE 40 GEOGRAPHIC SNAPSHOT: APAC EXPECTED TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 86
FIGURE 41 INDIA ESTIMATED TO GROW AT THE HIGHEST RATE BETWEEN 2015 AND 2020
IN THE OVERALL SVC MARKET 87
FIGURE 42 SEGMENTATION: AMERICAS 89
FIGURE 43 AMERICAS MARKET SNAPSHOT: THE DEMAND WOULD BE DRIVEN BY THE REQUIREMENT FOR UPGRADATION OF POWER INFRASTRUCTURE BETWEEN
2015 AND 2020 90
FIGURE 44 U.S. HOLDS THE MAXIMUM SHARE IN NORTH AMERICAN SVC MARKET, IN 2015 93
FIGURE 45 SEGMENTATION: EUROPE 95
FIGURE 46 EUROPE MARKET SNAPSHOT: THE DEMAND WOULD BE DRIVEN BY THE GROWTH OF RENEWABLE VERTICAL 96
FIGURE 47 GERMANY EXPECTED TO HOLD THE MAXIMUM SHARE IN THE WESTERN EUROPEAN SVC MARKET IN 2015 99
FIGURE 48 SEGMENTATION: APAC 101
FIGURE 49 APAC MARKET SNAPSHOT: THE DEMAND WOULD BE DRIVEN BY THE GROWING CONSUMPTION OF ELECTRICITY 102
FIGURE 50 SEGMENTATION: REST OF THE WORLD 105
FIGURE 51 KEY GROWTH STRATEGIES ADOPTED BY THE TOP COMPANIES, 2012-2015 109
FIGURE 52 EATON CORPORATION PLC GREW RAPIDLY BETWEEN 2012 AND 2014 110
FIGURE 53 MARKET RANKING OF THE TOP 5 PLAYERS IN THE SVC MARKET, 2014 110
FIGURE 54 MARKET EVALUATION FRAMEWORK - NEW PRODUCT LAUNCHES FUELLED GROWTH AND INNOVATION IN 2013 AND 2015 111
FIGURE 55 BATTLE FOR MARKET SHARE: EXPANSION WAS THE KEY STRATEGY 112
FIGURE 56 GEOGRAPHIC REVENUE MIX OF TOP 5 MARKET PLAYERS 116
FIGURE 57 ABB LTD.: COMPANY SNAPSHOT 117
FIGURE 58 ABB LTD.: SWOT ANALYSIS 119
FIGURE 59 GENERAL ELECTRIC: COMPANY SNAPSHOT 120
FIGURE 60 GENERAL ELECTRIC: SWOT ANALYSIS 122
FIGURE 61 SIEMENS AG: COMPANY SNAPSHOT 123
FIGURE 62 SIEMENS AG: SWOT ANALYSIS 125
FIGURE 63 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 126
FIGURE 64 MITSUBISHI ELECTRIC CORPORATION: SWOT ANALYSIS 128
FIGURE 65 EATON CORPORATION: COMPANY SNAPSHOT 129
FIGURE 66 EATON CORPORATION: SWOT ANALYSIS 131
FIGURE 67 AMERICAN ELECTRIC POWER: COMPANY SNAPSHOT 132
FIGURE 68 AMERICAN SUPERCONDUCTOR CORP.: COMPANY SNAPSHOT 136

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