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

Static VAR Compensator Market: Global Forecast until 2020

  • January 2016
  • 147 pages
  • ID: 3605442
In this report:
For instance, as per sources such as, BioEnergy consults, heavy investments are being carried out in Germany present in Western Europe, as it is expected to produce ~##% of electricity from renewable sources by 2020.
Increase in the rate of installation from ## GW per year in 2006 to more than ## GW per year by 2018 and is expected to continue roughly at that rate through 2030, to reduce annual CO emissions in electric sector is a key reason towards growth in this market.

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The static VAR compensator market was estimated at $643.60M in 2014 and is forecasted to reach $807.70M by 2020, at a compound annual growth rate (CAGR) of 3.80 percent from 2015 to 2020. The growing 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 increase phase, because thyristor-based solution is entering the maturity phase"

In the static VAR compensator market, MCR based SVC solution is forecasted to grow at a significant pace during the outlook period. Till recently, thyristor-based SVC solutions were used by transmission and distribution firms for AC transmission and distribution solutions. Presently, the use of MCR-based SVC solutions is rising due to the presence of features including high reliability, small dimension, and its ability to sustain instantaneous voltage to prevent generator breaking among others, as distinguished to thyristor-based SVC.

"Asia-Pacific is anticipated to rise at the maximal rate in the SVC market"

The sector in Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) from 2015 to 2020. The rise is assigned to the continuous demand for electricity, which plays a main role in the adoption of SVC in this zone. In quickly increasing economies including China and India (IN), capacity addition across the existing power infrastructure value chain is the main driving factor for the raised demand for SVC in this area.

Key players' distribution profiles:

- By Company Type-Tier 1 14.0 percent, Tier 2 29.0 percent, Tier 3 57.0 percent

- By Designation -C Level- 14.0 percent, Manager Level- 57.0 percent; Others- 29.0 percent

- By Region- North America - 43.0 percent, Europe - 29.0 percent, Asia-Pacific - 14.0 percent, RoW - 14.0 percent

The top players operating in this sector contain Rongxin Power Electronic Co., Limited, ABB Ltd. (NYSE:ABB), Siemens (SIA), General Electric (NYSE:GE), Eaton Corp plc, American Electric Power, Hyosung, NR Electric Co. Ltd., Mitsubishi Electric Corp., and American Superconductor Corp. among others.

Why acquiring this study can help you:

- This business report includes the industry statistics pertaining to SVC type, vertical, and territory together with their respective revenues.

- The porter's Five forces scheme has been exploited along with the value chain study to offer a detailed insight into the static VAR compensator market.

- Main drivers, market restraints, and alternatives for the SVC market have been precised in this industry report.

- Figures of segmentation, study, and estimate for the industries established on SVC type, component, vertical, and area has been conducted to give an global view of the SVC market.

- An exhaustive competitive analysis includes top players, complete study, and revenue of main actors.

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