Static Var Generator (SVG) & Static Var
Compensator (SVC) Market
Static Var Generator (SVG) & Static Var
Compensator (SVC) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Static Var Generator (SVG) & Static Var Compensator (SVC) Market Size and Growth
The global Static Var Generator (SVG) & Static Var Compensator (SVC) market is experiencing steady growth due to increasing demand for power quality improvement in various industries. The market size for SVG was valued at $1.5 billion in 2019, while the SVC market size was estimated at $2.3 billion. Request
Companies Covered (Covid 19 Impact Covered)
◍ ABB
◍ Siemens
◍ Rongxin Power Electronic
◍ Sieyuan Electric
◍ Mitsubishi Electric
◍ Hitachi
◍ Toshiba
◍ S&C Electric
◍ GE
◍ Hangzhou Yinhu Electric
◍ AMSC
◍ Xian XD Power
◍ Weihan
◍ Ingeteam
◍ Hengshun Zhongsheng
◍ Sinexcel
◍ Merus Power
◍ Baoding Sifang Sanyi Electric
The Static Var Generator (SVG) & Static Var Compensator (SVC) Market is highly competitive with key players like ABB, Siemens, Mitsubishi Electric, and GE dominating the market. These companies offer a range of products and solutions to improve power quality and grid stability. Sales revenue of ABB: $26.74 billion, Siemens: $15.69 billion, GE: $30.9 billion.
