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Static VAR Compensator (SVC) Market by Type (Thyristor Based, MCR-Based), by Component, by Vertical (Electric Utility, Renewable- Wind Power & Solar Farm, Railway, Industrial- Steel & Mining and Oil & Gas), and Geography - Global Forecast to 2020

Static VAR Compensator (SVC) Market by Type (Thyristor Based, MCR-Based), by Component, by Vertical (Electric Utility, Renewable- Wind Power & Solar Farm, Railway, Industrial- Steel & Mining and Oil & Gas), and Geography - Global Forecast to 2020

The static VAR compensator (SVC) market was valued at USD 643.6 million in 2014 and is expected to reach USD 807.7 million by 2020, at a CAGR of 3.8% between 2015 and 2020. The increasing demand for renewable source of energy and replacement of aging power infrastructure in developed geographical regions are the factors driving the SVC market positively.

“MCR-based solution is in the growth phase, whereas thyristor-based solution is entering the maturity phase”
In the static VAR compensator (SVC) market, MCR based SVC solution is estimated to grow at a significant pace during the forecast period. Till recently, thyristor-based SVC solutions were used by transmission and distribution companies for AC transmission and distribution solutions. Presently, the use of MCR-based SVC solutions is increasing owing to the presence of features such as high reliability, small dimension, and its ability to sustain instantaneous voltage to avoid generator breaking among others, as compared to thyristor-based SVC.

“APAC is expected to grow at the highest rate in the SVC market”
The market in APAC is expected to grow at the highest CAGR between 2015 and 2020. The growth is attributed to the continuous demand for electricity, which plays a major role in the adoption of SVC in this region. In rapidly growing economies such as China and India, capacity addition across the existing power infrastructure value chain is the major driving factor for the increased demand for SVC in this region.

Breakdown of profile of primary participants:
By Company Type-Tier 1- 14%, Tier 2- 29%, Tier 3- 57%
By Designation –C Level- 14%, Manager Level- 57%; Others- 29%
By Region- North America-43%, Europe-29%, Asia-Pacific-14%, RoW-14%
The key players operating in this market include 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.) among others.

“Reasons to buy the report”:
This report includes the market statistics pertaining to SVC type, vertical, and geography along with their respective revenues.
The Porter’s Five Forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the static VAR compensator (SVC) market.
Major drivers, restraints, and opportunities for the SVC market have been detailed in this report.
Illustrative segmentation, analysis, and forecast for the markets based on SVC type, component, vertical, and geography has been conducted to give an overall view of the SVC market.
A detailed competitive landscape includes key players, in-depth analysis, and revenue of key players.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY & PRICING
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
      • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHT
    • INCREASING OPPORTUNITIES IN THE RENEWABLE VERTICAL EXPECTED TO DRIVE THE SVC MARKET DURING THE FORECAST PERIOD
    • THYRISTOR SVC MARKET: BY REGION
    • CANADA EXPECTED TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD
    • AMERICAS HELD THE LARGEST MARKET SHARE IN THE GLOBAL SVC MARKET IN 2014
    • SVC MARKET IN RENEWABLE VERTICAL
    • LIFE CYCLE ANALYSIS, BY GEOGRAPHY
  • MARKET OVERVIEW
    • MARKET SEGMENTATION
      • Table SVC MARKET SEGMENTATION, BY TYPE
      • Table SVC MARKET SEGMENTATION, BY COMPONENT
      • Table SVC MARKET SEGMENTATION, BY VERTICAL
    • MARKET DYNAMICS
      • DRIVERS
        • Table LIST OF SVC PROJECTS WITH GOVERNMENT SUPPORT
        • Table INCREASE IN DEMAND FOR RENEWABLE SOURCE OF ENERGY IS PROPELLING THE GROWTH OF SVC MARKET DURING THE FORECAST PERIOD
      • RESTRAINTS
        • Table LACK OF AWARENESS ABOUT MCR-BASED SVCS EXPECTED TO ACTS AS A RESTRAINT FOR THE SVC MARKET
      • OPPORTUNITIES
        • Table INCREASED USAGE IN RAILWAYS AS HIGH VOLTAGE BOOSTERS IS A HUGE OPPORTUNITY FOR THE SVC MARKET
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • Table PORTER'S FIVE FORCES ANALYSIS: THREAT OF SUBSTITUTES IS LIKELY TO HAVE MINIMUM IMPACT ON THE OVERALL MARKET
      • INTENSITY OF COMPETITIVE RIVALRY
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF NEW ENTRANTS
    • REGULATORY LANDSCAPE
      • Table SVC MARKET: REGULATORY LANDSCAPE
  • STATIC VAR COMPENSATOR MARKET, BY TYPE
    • INTRODUCTION
      • Table SVC MARKET, BY TYPE, 2013-2020 (USD MILLION)
      • Table CHARACTERISTICS OF MCR-BASED SVC AND TCR-BASED SVC
    • THYRISTOR-BASED SVC
      • THYRISTOR-CONTROLLED REACTOR - FIXED CAPACITOR (TCR-FC)
      • THYRISTOR-CONTROLLED REACTOR - THYRISTOR SWITCHED CAPACITOR (TCR-TSC)
        • Table THYRISTOR-BASED SVC MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
        • Table THYRISTOR-BASED SVC MARKET, BY RENEWABLE VERTICAL, 2013-2020 (USD MILLION)
        • Table THYRISTOR-BASED SVC MARKET, BY INDUSTRIAL VERTICAL, 2013-2020 (USD MILLION)
        • Table THYRISTOR-BASED SVC MARKET, BY REGION, 2013-2020 (USD MILLION)
        • Table AMERICAS: THYRISTOR-BASED SVC MARKET, BY REGION, 2013-2020 (USD MILLION)
    • MAGNETICALLY CONTROLLED REACTOR (MCR)-BASED SVC
      • Table MCR-BASED SVC MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
      • Table MCR-BASED SVC MARKET, BY RENEWABLE VERTICAL, 2013-2020 (USD MILLION)
      • Table MCR-BASED SVC MARKET, BY INDUSTRIAL VERTICAL, 2013-2020 (USD MILLION)
      • Table MCR-BASED SVC MARKET, BY REGION, 2013-2020 (USD MILLION)
      • Table AMERICAS: MCR BASED SVC MARKET, BY REGION, 2013-2020 (USD MILLION)
  • STATIC VAR COMPENSATOR MARKET, BY COMPONENT
    • INTRODUCTION
    • POWER ELECTRONICS DEVICES
    • HARMONIC FILTER
    • THYRISTOR
    • REACTOR
    • CAPACITOR BANK
    • GIS SWITCHGEAR
    • PHASE-SHIFTING TRANSFORMER (PST)
    • SURGE ARRESTER
    • CONTROL PROTECTION SYSTEM
  • STATIC VAR COMPENSATOR MARKET, BY VERTICAL
    • INTRODUCTION
      • Table SVC MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
      • Table SVC MARKET, BY RENEWABLE VERTICAL, 2013-2020 (USD MILLION)
      • Table SVC MARKET, BY INDUSTRIAL VERTICAL, 2013-2020 (USD MILLION)
    • ELECTRIC UTILITY
      • Table SVC MARKET IN ELECTRIC UTILITY , BY TYPE, 2013-2020 (USD MILLION)
      • Table THYRISTOR SVC MARKET IN ELECTRIC UTILITY, BY TYPE, 2013-2020 (USD MILLION)
      • Table SVC MARKET IN ELECTRIC UTILITY, BY REGION, 2013-2020 (USD MILLION)
    • RENEWABLE
      • Table SVC MARKET IN RENEWABLE VERTICAL, BY TYPE, 2013-2020 (USD MILLION)
      • Table THYRISTOR SVC MARKET IN RENEWABLE VERTICAL, BY TYPE, 2013-2020 (USD MILLION)
      • Table SVC MARKET IN RENEWABLE VERTICAL, BY REGION, 2013-2020 (USD MILLION)
      • WIND POWER GRID
        • Table SVC MARKET IN WIND POWER , BY TYPE, 2013-2020 (USD MILLION)
        • Table SVC MARKET IN WIND POWER, BY REGION, 2013-2020 (USD MILLION)
      • SOLAR FARM
        • Table SVC MARKET IN SOLAR FARM, BY TYPE, 2013-2020 (USD MILLION)
        • Table SVC MARKET IN SOLAR FARM, BY REGION, 2013-2020 (USD MILLION)
    • RAILWAY
      • Table SVC MARKET IN RAILWAY VERTICAL, BY TYPE, 2013-2020 (USD MILLION)
      • Table THYRISTOR SVC MARKET IN RAILWAY VERTICAL, BY TYPE, 2013-2020 (USD MILLION)
      • Table SVC MARKET IN RAILWAY VERTICAL , BY GEOGRAPHY, 2013-2020 (USD MILLION)
    • INDUSTRIAL
      • Table SVC MARKET IN INDUSTRIAL VERTICAL, BY TYPE, 2013-2020 (USD MILLION)
      • Table THYRISTOR: SVC MARKET IN INDUSTRIAL VERTICAL, BY TYPE, 2013-2020 (USD MILLION)
      • Table SVC MARKET IN INDUSTRIAL VERTICAL, BY GEOGRAPHY, 2013-2020 (USD MILLION)
      • STEEL
        • Table SVC MARKET IN STEEL, BY TYPE, 2013-2020 (USD MILLION)
        • Table SVC MARKET IN STEEL, BY GEOGRAPHY, 2013-2020 (USD MILLION)
      • MINING
        • Table SVC MARKET IN MINING, BY TYPE, 2013-2020 (USD MILLION)
        • Table SVC MARKET IN MINING, BY GEOGRAPHY, 2013-2020 (USD MILLION)
    • OIL & GAS
      • Table SVC MARKET IN OIL & GAS, BY TYPE, 2013-2020 (USD MILLION)
      • Table THYRISTOR SVC MARKET IN OIL & GAS, BY TYPE, 2013-2020 (USD MILLION)
      • Table SVC MARKET IN OIL & GAS, BY REGION, 2013-2020 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table SVC MARKET, BY REGION, 2013-2020 (USD MILLION)
      • Table GLOBAL SVC POWER TRANSMISSION, BY REGION, 2013-2020 (IN MVAR)
    • AMERICAS
      • Table AMERICAS: SVC MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
      • Table AMERICAS: SVC MARKET, BY RENEWABLE VERTICAL, 2013-2020 (USD MILLION)
      • Table AMERICAS: SVC MARKET, BY INDUSTRIAL VERTICAL, 2013-2020 (USD MILLION)
      • Table AMERICAS: SVC MARKET, BY REGION, 2013-2020 (USD MILLION)
      • NORTH AMERICA
        • Table NORTH AMERICA: SVC MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
      • SOUTH AMERICA
        • Table SOUTH AMERICA: SVC MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION)
    • EUROPE
      • Table EUROPE: SVC MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
      • Table EUROPE: SVC MARKET, BY RENEWABLE VERTICAL, 2013-2020 (USD MILLION)
      • Table EUROPE: SVC MARKET, BY INDUSTRIAL VERTICAL, 2013-2020 (USD MILLION)
      • Table EUROPE: SVC MARKET, BY REGION, 2013-2020 (USD MILLION)
      • WESTERN EUROPE
        • Table WESTERN EUROPE: SVC MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION)
      • EASTERN EUROPE
        • Table EASTERN EUROPE: SVC MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
      • REST OF EUROPE
    • APAC
      • Table APAC: SVC MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
      • Table APAC: SVC MARKET, BY RENEWABLE VERTICAL, 2013-2020 (USD MILLION)
      • Table APAC: SVC MARKET, BY INDUSTRIAL VERTICAL, 2013-2020 (USD MILLION)
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH-KOREA
      • REST OF APAC
        • Table APAC: SVC MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION)
    • REST OF THE WORLD
      • Table ROW: SVC MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
      • Table ROW: SVC MARKET, BY RENEWABLE VERTICAL, 2013-2020 (USD MILLION)
      • Table ROW: SVC MARKET, BY INDUSTRIAL VERTICAL, 2013-2020 (USD MILLION)
      • SOUTH AFRICA
      • MIDDLE EAST
        • Table ROW: SVC MARKET, BY REGION, 2013-2020 (USD MILLION)
        • Table MIDDLE EAST: SVC MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING FOR STATIC VAR COMPENSATOR (SVC) MARKET
    • COMPETITIVE SCENARIO
    • RECENT DEVELOPMENTS
      • EXPANSIONS
        • Table EXPANSIONS, 2013-2015
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCH, 2013-2015
      • PARTNERSHIPS & JOINT VENTURES
        • Table PARTNERSHIPS & JOINT VENTURES, 2013-2014
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2012-2015
  • COMPANY PROFILES
    • INTRODUCTION
    • ABB LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GENERAL ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MITSUBISHI ELECTRIC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • EATON CORPORATION PLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AMERICAN ELECTRIC POWER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • HYOSUNG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • RONGXIN POWER ELECTRONIC CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • AMERICAN SUPERCONDUCTOR CORP.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • NR ELECTRIC CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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