Global TCR Static Var Compensator (SVC) Supply, Demand and Key Producers, 2026-2032
Description
The global TCR Static Var Compensator (SVC) market size is expected to reach $ 1796 million by 2032, rising at a market growth of 6.0% CAGR during the forecast period (2026-2032).
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.
A TCR Static Var Compensator (SVC) is a type of power electronic device used in electrical power systems to provide dynamic voltage regulation and reactive power compensation. It consists of a Thyristor-Controlled Reactor (TCR) and other components, which work together to control the reactive power injected or absorbed from the system. The TCR is controlled by thyristors, allowing for rapid adjustments in response to changes in the system’s demand for reactive power, thus improving stability, voltage control, and overall power quality in the network. SVCs are commonly used in applications like voltage support for industrial plants, grid stabilization, and power factor correction.
The TCR Static Var Compensator (SVC) market is witnessing significant growth due to the increasing demand for voltage regulation and reactive power compensation in electrical grids. SVCs, which are primarily used in power systems to stabilize voltage levels and improve power quality, are crucial for maintaining the reliability and efficiency of modern electrical grids. With the growing need for grid modernization, especially in regions with fluctuating renewable energy sources, the demand for SVCs is rising. The Thyristor-Controlled Reactor (TCR) in these systems allows for quick and efficient adjustment of reactive power, which is critical for managing grid stability, especially during load variations or faults.
In the current market, the major players in the TCR SVC segment include large power system manufacturers and solution providers who are focused on offering efficient and flexible solutions to tackle voltage fluctuations. The demand for SVCs is largely driven by industries such as utilities, manufacturing, and large-scale infrastructure projects. The increasing integration of renewable energy sources like wind and solar power into national grids has made voltage stability a greater challenge, creating a need for more advanced and dynamic reactive power compensation systems like the TCR SVC. Furthermore, the global push for energy efficiency and grid reliability is expected to continue driving the adoption of these devices.
Looking ahead, the future of the TCR SVC market is expected to be shaped by the ongoing developments in smart grids and advanced grid management systems. As the energy sector transitions toward more sustainable and decentralized energy sources, the integration of SVCs with grid management technologies will become even more essential. In particular, the ability of TCR SVCs to dynamically adjust to rapid changes in grid conditions, such as those caused by the intermittency of renewable energy, will make them a crucial component of future power systems. The demand for TCR SVCs is also expected to increase in emerging markets as they undergo industrialization and infrastructure development, requiring more sophisticated and reliable voltage control solutions.
This report studies the global TCR Static Var Compensator (SVC) demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for TCR Static Var Compensator (SVC), and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of TCR Static Var Compensator (SVC) that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global TCR Static Var Compensator (SVC) total market, 2021-2032, (USD Million)
Global TCR Static Var Compensator (SVC) total market by region & country, CAGR, 2021-2032, (USD Million)
U.S. VS China: TCR Static Var Compensator (SVC) total market, key domestic companies, and share, (USD Million)
Global TCR Static Var Compensator (SVC) revenue by player, revenue and market share 2021-2026, (USD Million)
Global TCR Static Var Compensator (SVC) total market by Voltage, CAGR, 2021-2032, (USD Million)
Global TCR Static Var Compensator (SVC) total market by Application, CAGR, 2021-2032, (USD Million)
This report profiles major players in the global TCR Static Var Compensator (SVC) market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, Siemens, Taikai Power Electronic, NR Electric, CRERT, Guirong Xieping, Rongxin Power Electronic, Liaoning Lide Investment Holding Group, Hitachi, Mitsubishi Electric, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the world TCR Static Var Compensator (SVC) market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Voltage, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global TCR Static Var Compensator (SVC) Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global TCR Static Var Compensator (SVC) Market, Segmentation by Voltage:
Voltage: 0kV - 6kV
Voltage: 6kV - 10kV
Voltage: 10kV - 20kV
Voltage: 20kV - 30kV
Voltage: 30kV - 40kV
Other
Global TCR Static Var Compensator (SVC) Market, Segmentation by Application:
Electrical Grid
Metallurgy & Steel
Mining
New Energy
Chemical
Transport
Other
Companies Profiled:
ABB
Siemens
Taikai Power Electronic
NR Electric
CRERT
Guirong Xieping
Rongxin Power Electronic
Liaoning Lide Investment Holding Group
Hitachi
Mitsubishi Electric
S&C Electric
GE
AMSC
Ingeteam
Comsys AB
Key Questions Answered
1. How big is the global TCR Static Var Compensator (SVC) market?
2. What is the demand of the global TCR Static Var Compensator (SVC) market?
3. What is the year over year growth of the global TCR Static Var Compensator (SVC) market?
4. What is the total value of the global TCR Static Var Compensator (SVC) market?
5. Who are the Major Players in the global TCR Static Var Compensator (SVC) market?
6. What are the growth factors driving the market demand?
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.
A TCR Static Var Compensator (SVC) is a type of power electronic device used in electrical power systems to provide dynamic voltage regulation and reactive power compensation. It consists of a Thyristor-Controlled Reactor (TCR) and other components, which work together to control the reactive power injected or absorbed from the system. The TCR is controlled by thyristors, allowing for rapid adjustments in response to changes in the system’s demand for reactive power, thus improving stability, voltage control, and overall power quality in the network. SVCs are commonly used in applications like voltage support for industrial plants, grid stabilization, and power factor correction.
The TCR Static Var Compensator (SVC) market is witnessing significant growth due to the increasing demand for voltage regulation and reactive power compensation in electrical grids. SVCs, which are primarily used in power systems to stabilize voltage levels and improve power quality, are crucial for maintaining the reliability and efficiency of modern electrical grids. With the growing need for grid modernization, especially in regions with fluctuating renewable energy sources, the demand for SVCs is rising. The Thyristor-Controlled Reactor (TCR) in these systems allows for quick and efficient adjustment of reactive power, which is critical for managing grid stability, especially during load variations or faults.
In the current market, the major players in the TCR SVC segment include large power system manufacturers and solution providers who are focused on offering efficient and flexible solutions to tackle voltage fluctuations. The demand for SVCs is largely driven by industries such as utilities, manufacturing, and large-scale infrastructure projects. The increasing integration of renewable energy sources like wind and solar power into national grids has made voltage stability a greater challenge, creating a need for more advanced and dynamic reactive power compensation systems like the TCR SVC. Furthermore, the global push for energy efficiency and grid reliability is expected to continue driving the adoption of these devices.
Looking ahead, the future of the TCR SVC market is expected to be shaped by the ongoing developments in smart grids and advanced grid management systems. As the energy sector transitions toward more sustainable and decentralized energy sources, the integration of SVCs with grid management technologies will become even more essential. In particular, the ability of TCR SVCs to dynamically adjust to rapid changes in grid conditions, such as those caused by the intermittency of renewable energy, will make them a crucial component of future power systems. The demand for TCR SVCs is also expected to increase in emerging markets as they undergo industrialization and infrastructure development, requiring more sophisticated and reliable voltage control solutions.
This report studies the global TCR Static Var Compensator (SVC) demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for TCR Static Var Compensator (SVC), and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of TCR Static Var Compensator (SVC) that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global TCR Static Var Compensator (SVC) total market, 2021-2032, (USD Million)
Global TCR Static Var Compensator (SVC) total market by region & country, CAGR, 2021-2032, (USD Million)
U.S. VS China: TCR Static Var Compensator (SVC) total market, key domestic companies, and share, (USD Million)
Global TCR Static Var Compensator (SVC) revenue by player, revenue and market share 2021-2026, (USD Million)
Global TCR Static Var Compensator (SVC) total market by Voltage, CAGR, 2021-2032, (USD Million)
Global TCR Static Var Compensator (SVC) total market by Application, CAGR, 2021-2032, (USD Million)
This report profiles major players in the global TCR Static Var Compensator (SVC) market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, Siemens, Taikai Power Electronic, NR Electric, CRERT, Guirong Xieping, Rongxin Power Electronic, Liaoning Lide Investment Holding Group, Hitachi, Mitsubishi Electric, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the world TCR Static Var Compensator (SVC) market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Voltage, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global TCR Static Var Compensator (SVC) Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global TCR Static Var Compensator (SVC) Market, Segmentation by Voltage:
Voltage: 0kV - 6kV
Voltage: 6kV - 10kV
Voltage: 10kV - 20kV
Voltage: 20kV - 30kV
Voltage: 30kV - 40kV
Other
Global TCR Static Var Compensator (SVC) Market, Segmentation by Application:
Electrical Grid
Metallurgy & Steel
Mining
New Energy
Chemical
Transport
Other
Companies Profiled:
ABB
Siemens
Taikai Power Electronic
NR Electric
CRERT
Guirong Xieping
Rongxin Power Electronic
Liaoning Lide Investment Holding Group
Hitachi
Mitsubishi Electric
S&C Electric
GE
AMSC
Ingeteam
Comsys AB
Key Questions Answered
1. How big is the global TCR Static Var Compensator (SVC) market?
2. What is the demand of the global TCR Static Var Compensator (SVC) market?
3. What is the year over year growth of the global TCR Static Var Compensator (SVC) market?
4. What is the total value of the global TCR Static Var Compensator (SVC) market?
5. Who are the Major Players in the global TCR Static Var Compensator (SVC) market?
6. What are the growth factors driving the market demand?
Table of Contents
123 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World TCR Static Var Compensator (SVC) Companies Competitive Analysis
- 4 United States VS China VS Rest of World (by Headquarter Location)
- 5 Market Analysis by Voltage
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
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