"Actionable Insights to Fuel Your Growth"

Static VAR Generator Market Size, Share & Industry Analysis, By Type (Thyristor Based, MCR Based), By End-User (Electric Utility, Renewable, Railway, Oil & Gas, Steel and Mining Industry, Others) and Regional Forecast, 2019-2026

Region : Global | Report ID: FBI101451 | Status : Ongoing

 

KEY MARKET INSIGHTS

Today the power requirement has been changing very rapidly in different parts of the world. Efficient transmission and distribution of electric power is a challenge faced by many utility companies which include excessive demand for electricity, shifting trends towards renewable generation, aging transmission infrastructure, interconnected grid, and so many others.


These factors fluctuate the power flow stability and make it more complex to network operators to manage the smooth transmission and distribution of power. An effective and sophisticated solution is required to smooth out fluctuation in the power supply. Static VAR generator is an excellent solution to all the challenges faced by utility operators.


It not only compensates the power line losses caused by reactive power, increases in voltage under normal condition but also offers reactive power adjustment in time damp harmonics & flickers and improve system stability under fault condition. Static VAR generator has numerous technical advantages such as faster response speed, the wide operational range of rated power, low harmonic content, and multiple compensation functions.


To gain extensive insights into the market, Request for Customization


It is mainly used in long-distance power transmission, arc furnaces, rolling mills, electric locomotive power supply, and in heavy industrial loads. Aging power distribution system, increasing power generation by renewables, and demand for stable power supply are expected to fuel the proliferation of static VAR generator market.


Static VAR generator market is segmented into type and end-user. Based on type is divided into thyristor and MCR. The MCR based static VAR generator is projected to grow at a rapid pace owing to its excellent features such as high reliability and compact design, faster response time as compared to thyristor-based. Stati VAR generator finds a wide range of application in railway, utility, oil & gas, steel & mining industry where load fluctuation is frequent.  


Investment by utility companies in order to enhance the transmission and distribution of power and upgradation of existing power distribution system infrastructure is fuelling the growth of the static VAR generator market. An increasing trend towards renewable generation and consistent demand from the consumer for stable power supply is augmenting the growth of the static VAR generator.


The operating cost of the static VAR generator is quite expensive than the traditional generator, and lack of awareness among key competitors in the market is inhibiting the growth of the static VAR generator market.


Key Players Covered


The major companies manufacturing static VAR generator are ABB, Siemens, GE Grid Solutions, Delta Power Solutions, Rongxin Huiko Electric Technology Co. Ltd, NR Electric Co., Ltd, Mitsubishi Electric, AMSC, Galt Electric., Captech Pty Ltd, S&C Electric Company, China XD Group, Taikai Power Electronic Co., Ltd., Singotron, Sinexcel, and CG Power and Industrial Solutions Limited.


Segmentation






















 ATTRIBUTE


 DETAILS

By Type




  • Thyristor Based

  • MCR Based



By End-User




  • Electric Utility

  • Renewable

  • Railway

  • Oil & Gas

  • Steel and Mining Industry

  • Others



By Geography




  • North America (the USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



Regional Analysis


The static VAR generator market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Static VAR generator market is driven by replacement of aging power distribution system, adoption of energy-efficient devices, and investment in renewable energy in North America. European countries are very strict about implementing pollution norms and promoting energy-efficient devices in a bid to protect the environment. Investment by major utility companies for the installation of a highly sophisticated power distribution system is expected to increase the growth of the static VAR compensator in Europe.


The high potential of growth in Asian countries specifically India and China due to the presence of enormous market opportunities. Government is taking the initiative to expand its electrification project and investing in power distribution equipment to ease the transmission of power is fuelling the demand for static VAR generator in Asia Pacific. The gulf countries are mainly focussed on energy-efficient technologies and extensively using district cooling system for air conditioning on large scale. Utility companies are continuously striving to provide steady power supply and working tirelessly in order to improve the performance of the power distribution system. These factors contributing the proliferation of static VAR generator in MEA.


Key Industry Developments



  • In July 2018, ABB bags $150 million order from Orsted for Hornsea project. Under the contract deal, the company will supply a wide range of technologies for integrating and transmitting renewable wind energy from offshore wind farm to the UK grid.

  • In June 2018, CG Power secures contract of worth Rs. 319 crores from Indian Railway to supply diesel-electric tower car which required for track electrification.


Static VAR Generator Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization

Energy & Power Clients

reliance
omron

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X