According to GQYR study, the global revenue of Static Var Compensator and Static Var Generator was valued at 1179.6 million USD in 2017, and the global revenue of Static Var Compensator and Static Var Generator is forecast to reach 1703.8 million USD by the end of 2025., at a CAGR (Compounded Annual Growth Rate) of 4.70%between 2017 and 2025. The market is driven by various end-user industries, such as Renewable Energy, Electric Utilities and Industrial & Manufacturing.
The industry is relatively concentrated, the key brand include 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, Xuji Group Corporation, Zhiguang Electric, Comsys AB, Beijing In-power Electric Co., Ltd, Surpass Sun Electricand so on. Among them, ABB, Siemens, Rongxin Power Electronic and Sieyuan Electric are the leaders.
There are two kinds’ productions constituting the Static Var Compensator and Static Var Generator, which are SVG and SVC. SVG is important, with a higher market share in 2017.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
Global Static Var Compensator and Static Var Generator Sales Market Report 2018 report released by QYResearch provides a basic overview of the Static Var Compensator and Static Var Generator industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Static Var Compensator and Static Var Generator industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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