Global TCR Static Var Compensator (SVC) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

Global TCR Static Var Compensator (SVC) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global TCR Static Var Compensator (SVC) market size was valued at US$ 759 million in 2024 and is forecast to a readjusted size of USD 1084 million by 2031 with a CAGR of 5.3% during review period.

A static VAR compensator (SVC) is a set of electrical devices for providing fast-acting reactive power on high-voltage electricity transmission networks. SVCs are part of the Flexible AC transmission system device family, regulating voltage, power factor, harmonics and stabilizing the system. A static VAR compensator has no significant moving parts (other than internal switchgear). Prior to the invention of the SVC, power factor compensation was the preserve of large rotating machines such as synchronous condensers or switched capacitor banks. TCR Static Var Compensator (SVC) is a kind of SVC.

In Chinese market, TCR Type Static VAR Compensator key players include NR Electric, Rongxin Power Electronic, Taikai Power Electronic, Liaoning Lide Investment Holding Group, CRERT, etc. The top five manufacturers hold a share over 40%. North China and South China is the largest market, both with a share over 25%. In terms of product, Voltage Between 30kV and 40kV is the largest segment, with a share about 50%. And in terms of application, the largest application is Electrified Wire Netting, followed by Metallurgy & Steel.

This report is a detailed and comprehensive analysis for global TCR Static Var Compensator (SVC) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Voltage and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global TCR Static Var Compensator (SVC) market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031

Global TCR Static Var Compensator (SVC) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031

Global TCR Static Var Compensator (SVC) market size and forecasts, by Voltage and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031

Global TCR Static Var Compensator (SVC) market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for TCR Static Var Compensator (SVC)

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global TCR Static Var Compensator (SVC) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Taikai Power Electronic, NR Electric, CRERT, Guirong Xieping, Rongxin Power Electronic, Liaoning Lide Investment Holding Group, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

TCR Static Var Compensator (SVC) market is split by Voltage and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Voltage, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Voltage
Voltage: 0kV - 6kV
Voltage: 6kV - 10kV
Voltage: 10kV - 20kV
Voltage: 20kV - 30kV
Voltage: 30kV - 40kV
Other

Market segment by Application
Electrical Grid
Metallurgy & Steel
Mining
New Energy
Chemical
Transport
Other

Major players covered
Taikai Power Electronic
NR Electric
CRERT
Guirong Xieping
Rongxin Power Electronic
Liaoning Lide Investment Holding Group

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe TCR Static Var Compensator (SVC) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of TCR Static Var Compensator (SVC), with price, sales quantity, revenue, and global market share of TCR Static Var Compensator (SVC) from 2020 to 2025.

Chapter 3, the TCR Static Var Compensator (SVC) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the TCR Static Var Compensator (SVC) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Voltage and by Application, with sales market share and growth rate by Voltage, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and TCR Static Var Compensator (SVC) market forecast, by regions, by Voltage, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of TCR Static Var Compensator (SVC).

Chapter 14 and 15, to describe TCR Static Var Compensator (SVC) sales channel, distributors, customers, research findings and conclusion.