Global Static Var Compensator (SVC) Market was Valued at USD 643.6 Million in 2014

Date: 2016-01-28

The static VAR compensator (SVC) market was valued at USD 643.6 Million in 2014 and is expected to grow at a CAGR of 3.8% between 2015 and 2020. The base year used for study is 2014 and the forecast period considered is between 2015 and 2020. This report provides a detailed analysis of the SVC market based on type, component, vertical, and region. It has been estimated that the thyristor-based SVC solution would hold a large share in the SVC market. However, the market for renewable vertical, which includes wind power and solar farm, is expected to grow at a high CAGR between 2015 and 2020

Key players operating in this market are 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.).

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