Increase in network reliability requirements expected to drive World SVC SVG Market over the forecast period: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit SVC or static VAR compensator is a power quality device, used in power electronics to control & regulates the voltage of devices to the needed set point. SVC provides fast-acting reactive power compensation on precise high-voltage electrical systems. It is mainly utilized in large industries, for instance steel-making plants, lower voltage fluctuations, and flicker compensation. It is set up at an appropriate place in electric power system to augment power transfer abilities by enhancing the voltage stability. It develops active power oscillations by adapting the amplitude of power. It is usually set up near high & quickly varying loads in big industries for instance industries prone to flicker & welding plants, and voltage fluctuations. It has an advantage of taking the system power aspect close to unity. Some other benefits are high reliability, augmented ability to transmit power, capability to maintain instant voltage to evade generator breaking, low harmonics, small dimension, and quicker response time. SVG or static VAR generator is a power electronic device with force commutated devices like GTO, IGBT. It is also known as STATCOM. It is based on the instantaneous reactive power and concept of compensation principle consisting of GTO commutated converter. According to study, “World SVC SVG Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world SVC SVG market are ABB Ltd., Alstom, Siemens AG, GE Energy, Rongxin Power Electronic Co. Ltd., Toshiba Corp., Hitachi, Epri, Mitsubishi Electric Corp., Crompton Greaves Ltd., Weihan Power, Sieyuan Electric, Zhiguang Electric, XJ Group, Hengshun Electric, Yinhu Electric, Xidian Power, Eaton Corporation Plc., Hyosung, Schneider Electric India Pvt. Ltd., Bharat Heavy Electricals Limited (BHEL), Veeral Controls Pvt. Ltd., Ingeteam, Inc., S&C Electric Company, JEMA Energy USA LLC, American Electric Power, Sieyuan Electric, Surpa Sun Electric, Sanyi Electric, Fujidaneng Electric, Sound Power, Statcom Solutions, Power One Micro Systems Pvt. Ltd., Signotron India Pvt. Ltd., Jiuzhou Electric. Based on SVC type, SVC SVG market is segmented into Magnetically Controlled Reactor (MCR) based SVC and thyristor based SVC. Thyristor based SVC is further sub-segmented into thyristor controlled reactor – thyristor switched capacitor (TCR-TSC) and thyristor controlled reactor –fixed capacitor (TCR-FC). Based on product type of SVG, market is segmented into high voltage STATCOM (greater than 100 Mvar), medium voltage STATCOM (20 – 100 Mvar) and low voltage STATCOM (less than 20Mvar). Based on component type, market is segmented into power electronics devices, thyristor, harmonic filter, capacitor bank, reactor, Gis switchgear, surge arrester, Phase-Shifting Transformer (PST) and control protection system. In addition, based on end-use, market is segmented into power distribution, offshore oil & gas, mining, automobile manufacturing, steel manufacturing and power transmission. The SVC SVG market is driven by surge in power quality & network reliability requirements, followed by increase in demand for renewable sources of energy, growth in demands for continuous advancements in electronics, automation & robotics and up-gradation or replacement of aging power infrastructure in developed regions. However, political intervention in the power & utility market and lack of awareness about MCR-based SVCS may impact the market. Moreover, increase in use of SVC & SVG as high voltage boosters in railways is a key opportunity for market. Based on geography, China and India countries hold major share in SVC SVG market owing to growth of industrial segment & power infrastructure in the countries. It is anticipated that future of the market will be bright due to rise in technology advancements and increase in demand from renewable energy sources over the forecast period. For more information, click on the link below: Global SVC SVG Market Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91 9015378249 Tags: ABB Svc SVG Market Revenue, Alstom Svc SVG Market Revenue, China Svc SVG Market, Europe Svc SVG Market, Germany Svc SVG Market, Global SVC SVG Industry, Global SVC SVG Industry Research Report, Global SVC SVG Market, Global SVC SVG Market Drivers, Global SVC SVG Market Future Demand, Global SVC SVG Market Insights, Global SVC SVG Market Key Players, Global SVC SVG Market Key Vendors, Global Svc SVG Market Opportunities, Global SVC SVG Market Overview, Global SVC SVG Market Research Report, Global SVC SVG Market Revenue, Global SVC SVG Market Share, Global SVC SVG Market Supply Chain, Global SVC SVG Market Trends, Hitachi Svc SVG Market Share, India Svc SVG Market, Japan Svc SVG Market, Siemens Svc SVG Market Share, SVC SVG Market Regions, Toshiba Svc SVG Market Revenue, USA Svc SVG Market, World SVC SVG Market, World SVC SVG Market Applications, World SVC SVG Market Competition Landscape, World SVC SVG Market Research Overview, World SVC SVG Market Research Report