Jan 21, 2021   SOURCE: BusinessWire

Global $962.6 Million Static VAR Compensators (SVC) Market Trajectory & Analytics to 2027 - ResearchAndMarkets.com

The "Static VAR Compensators (SVC) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Static VAR Compensators (SVC) Market to Reach $962.6 Million by 2027

Amid the COVID-19 crisis, the global market for Static VAR Compensators (SVC) estimated at US$752.3 Million in the year 2020, is projected to reach a revised size of US$962.6 Million by 2027, growing at a CAGR of 3.6% over the period 2020-2027.

Thyristor-based, one of the segments analyzed in the report, is projected to record 3.1% CAGR and reach US$609.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the MCR-based segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

The U. S. Market is Estimated at $221.2 Million, While China is Forecast to Grow at 3.4% CAGR

The Static VAR Compensators (SVC) market in the U. S. is estimated at US$221.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$171.9 Million by the year 2027 trailing a CAGR of 3.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • ABB Ltd.
  • American Electric Power Co., Inc.
  • American Superconductor Corporation
  • Eaton Corporation PLC
  • General Electric Company
  • Hyosung Corporation
  • Mitsubishi Electric Corporation
  • NR Electric Co., Ltd.
  • Rongxin Power Electronic Co., Ltd.
  • Siemens AG

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Static VAR Compensator (SVC) Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • World 15-Year Perspective for Static VAR Compensators (SVC) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027
  • World 15-Year Perspective for Thyristor-based by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • World 15-Year Perspective for MCR-based by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • TWorld 15-Year Perspective for Electric Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • World 15-Year Perspective for Renewable by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • World 15-Year Perspective for Railway by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • World 15-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • World 15-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

  • Static VAR Compensator (SVC) Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
  • Current & Future Analysis for Static VAR Compensators (SVC) by Type - Thyristor-based and MCR-based - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
  • Historic Review for Static VAR Compensators (SVC) by Type - Thyristor-based and MCR-based Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
  • 15-Year Perspective for Static VAR Compensators (SVC) by Type - Percentage Breakdown of Value Sales for Thyristor-based and MCR-based for the Years 2012, 2020 & 2027
  • Current & Future Analysis for Static VAR Compensators (SVC) by Industry Vertical - Electric Utility, Renewable, Railway, Industrial and Oil & Gas - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027
  • Historic Review for Static VAR Compensators (SVC) by Industry Vertical - Electric Utility, Renewable, Railway, Industrial and Oil & Gas Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019
  • 15-Year Perspective for Static VAR Compensators (SVC) by Industry Vertical - Percentage Breakdown of Value Sales for Electric Utility, Renewable, Railway, Industrial and Oil & Gas for the Years 2012, 2020 & 2027

IV. COMPETITION

  • Total Companies Profiled: 47

For more information about this report visit https://www.researchandmarkets.com/r/qyb0vb