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Static Var Compensators (SVCs) Industry Research Report 2026
Market perspective
The global Static Var Compensators (SVCs) market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Static Var Compensators (SVCs) is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Static Var Compensators (SVCs) is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for Static Var Compensators (SVCs) is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Static Var Compensators (SVCs) include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Static Var Compensators (SVCs) market in revenue (US$ million) and, where applicable, sales volume (k units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Static Var Compensators (SVCs).
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Static Var Compensators (SVCs) Market by Company
Sun.King Technology Group Limited
Merus Power
Siemens Energy
GE Grid Solutions
Endoks
JEMA Energy
YIYEN Electric Technology Co., Ltd.
NR Electric Co., Ltd.
RXHK
Nissin Electric Co., Ltd.
American Superconductor Corp.
American Electric Power
Rong Xin Dian Zi Dian Li
Novtium(Beijing) Electric Technology Co., Ltd(Novtium)
Shandong Albertson Electric Co., Ltd.
Hitachi Energy
Static Var Compensators (SVCs) Segment by Type
Thyristor-Based
Magnetically Controlled Reactor (MCR)-Based
Static Var Compensators (SVCs) Segment by Application
Electrical Utilities
Steel and Metal Industry
Mining Industry
Others
Static Var Compensators (SVCs) Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Static Var Compensators (SVCs) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Static Var Compensators (SVCs) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Static Var Compensators (SVCs).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Static Var Compensators (SVCs) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Static Var Compensators (SVCs) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Static Var Compensators (SVCs) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Thyristor-Based
- Magnetically Controlled Reactor (MCR)-Based
Applications
- Electrical Utilities
- Steel and Metal Industry
- Mining Industry
- Others
Companies covered
- Sun.King Technology Group Limited
- Merus Power
- Siemens Energy
- GE Grid Solutions
- Endoks
- JEMA Energy
- YIYEN Electric Technology Co., Ltd.
- NR Electric Co., Ltd.
- RXHK
- Nissin Electric Co., Ltd.
- American Superconductor Corp.
- American Electric Power
- Rong Xin Dian Zi Dian Li
- Novtium(Beijing) Electric Technology Co., Ltd(Novtium)
- Shandong Albertson Electric Co., Ltd.
- Hitachi Energy
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Static Var Compensators (SVCs) by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Thyristor-Based
- 2.2.3 Magnetically Controlled Reactor (MCR)-Based
- 2.3 Static Var Compensators (SVCs) by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Electrical Utilities
- 2.3.3 Steel and Metal Industry
- 2.3.4 Mining Industry
- 2.3.5 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Static Var Compensators (SVCs) Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Static Var Compensators (SVCs) Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Static Var Compensators (SVCs) Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Static Var Compensators (SVCs) Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Static Var Compensators (SVCs) Production by Manufacturers (2021-2026)
- 3.2 Global Static Var Compensators (SVCs) Production Value by Manufacturers (2021-2026)
- 3.3 Global Static Var Compensators (SVCs) Average Price by Manufacturers (2021-2026)
- 3.4 Global Static Var Compensators (SVCs) Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Static Var Compensators (SVCs) Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Static Var Compensators (SVCs) Manufacturers, Product Type & Application
- 3.7 Global Static Var Compensators (SVCs) Manufacturers Established Date
- 3.8 Global Static Var Compensators (SVCs) Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Sun.King Technology Group Limited
- 4.1.1 Sun.King Technology Group Limited Static Var Compensators (SVCs) Company Information
- 4.1.2 Sun.King Technology Group Limited Static Var Compensators (SVCs) Business Overview
- 4.1.3 Sun.King Technology Group Limited Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.1.4 Sun.King Technology Group Limited Product Portfolio
- 4.1.5 Sun.King Technology Group Limited Recent Developments
- 4.2 Merus Power
- 4.2.1 Merus Power Static Var Compensators (SVCs) Company Information
- 4.2.2 Merus Power Static Var Compensators (SVCs) Business Overview
- 4.2.3 Merus Power Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.2.4 Merus Power Product Portfolio
- 4.2.5 Merus Power Recent Developments
- 4.3 Siemens Energy
- 4.3.1 Siemens Energy Static Var Compensators (SVCs) Company Information
- 4.3.2 Siemens Energy Static Var Compensators (SVCs) Business Overview
- 4.3.3 Siemens Energy Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.3.4 Siemens Energy Product Portfolio
- 4.3.5 Siemens Energy Recent Developments
- 4.4 GE Grid Solutions
- 4.4.1 GE Grid Solutions Static Var Compensators (SVCs) Company Information
- 4.4.2 GE Grid Solutions Static Var Compensators (SVCs) Business Overview
- 4.4.3 GE Grid Solutions Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.4.4 GE Grid Solutions Product Portfolio
- 4.4.5 GE Grid Solutions Recent Developments
- 4.5 Endoks
- 4.5.1 Endoks Static Var Compensators (SVCs) Company Information
- 4.5.2 Endoks Static Var Compensators (SVCs) Business Overview
- 4.5.3 Endoks Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.5.4 Endoks Product Portfolio
- 4.5.5 Endoks Recent Developments
- 4.6 JEMA Energy
- 4.6.1 JEMA Energy Static Var Compensators (SVCs) Company Information
- 4.6.2 JEMA Energy Static Var Compensators (SVCs) Business Overview
- 4.6.3 JEMA Energy Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.6.4 JEMA Energy Product Portfolio
- 4.6.5 JEMA Energy Recent Developments
- 4.7 YIYEN Electric Technology Co., Ltd.
- 4.7.1 YIYEN Electric Technology Co., Ltd. Static Var Compensators (SVCs) Company Information
- 4.7.2 YIYEN Electric Technology Co., Ltd. Static Var Compensators (SVCs) Business Overview
- 4.7.3 YIYEN Electric Technology Co., Ltd. Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.7.4 YIYEN Electric Technology Co., Ltd. Product Portfolio
- 4.7.5 YIYEN Electric Technology Co., Ltd. Recent Developments
- 4.8 NR Electric Co., Ltd.
- 4.8.1 NR Electric Co., Ltd. Static Var Compensators (SVCs) Company Information
- 4.8.2 NR Electric Co., Ltd. Static Var Compensators (SVCs) Business Overview
- 4.8.3 NR Electric Co., Ltd. Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.8.4 NR Electric Co., Ltd. Product Portfolio
- 4.8.5 NR Electric Co., Ltd. Recent Developments
- 4.9 RXHK
- 4.9.1 RXHK Static Var Compensators (SVCs) Company Information
- 4.9.2 RXHK Static Var Compensators (SVCs) Business Overview
- 4.9.3 RXHK Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.9.4 RXHK Product Portfolio
- 4.9.5 RXHK Recent Developments
- 4.10 Nissin Electric Co., Ltd.
- 4.10.1 Nissin Electric Co., Ltd. Static Var Compensators (SVCs) Company Information
- 4.10.2 Nissin Electric Co., Ltd. Static Var Compensators (SVCs) Business Overview
- 4.10.3 Nissin Electric Co., Ltd. Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.10.4 Nissin Electric Co., Ltd. Product Portfolio
- 4.10.5 Nissin Electric Co., Ltd. Recent Developments
- 4.11 American Superconductor Corp.
- 4.11.1 American Superconductor Corp. Static Var Compensators (SVCs) Company Information
- 4.11.2 American Superconductor Corp. Static Var Compensators (SVCs) Business Overview
- 4.11.3 American Superconductor Corp. Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.11.4 American Superconductor Corp. Product Portfolio
- 4.11.5 American Superconductor Corp. Recent Developments
- 4.12 American Electric Power
- 4.12.1 American Electric Power Static Var Compensators (SVCs) Company Information
- 4.12.2 American Electric Power Static Var Compensators (SVCs) Business Overview
- 4.12.3 American Electric Power Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.12.4 American Electric Power Product Portfolio
- 4.12.5 American Electric Power Recent Developments
- 4.13 Rong Xin Dian Zi Dian Li
- 4.13.1 Rong Xin Dian Zi Dian Li Static Var Compensators (SVCs) Company Information
- 4.13.2 Rong Xin Dian Zi Dian Li Static Var Compensators (SVCs) Business Overview
- 4.13.3 Rong Xin Dian Zi Dian Li Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.13.4 Rong Xin Dian Zi Dian Li Product Portfolio
- 4.13.5 Rong Xin Dian Zi Dian Li Recent Developments
- 4.14 Novtium(Beijing) Electric Technology Co., Ltd(Novtium)
- 4.14.1 Novtium(Beijing) Electric Technology Co., Ltd(Novtium) Static Var Compensators (SVCs) Company Information
- 4.14.2 Novtium(Beijing) Electric Technology Co., Ltd(Novtium) Static Var Compensators (SVCs) Business Overview
- 4.14.3 Novtium(Beijing) Electric Technology Co., Ltd(Novtium) Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.14.4 Novtium(Beijing) Electric Technology Co., Ltd(Novtium) Product Portfolio
- 4.14.5 Novtium(Beijing) Electric Technology Co., Ltd(Novtium) Recent Developments
- 4.15 Shandong Albertson Electric Co., Ltd.
- 4.15.1 Shandong Albertson Electric Co., Ltd. Static Var Compensators (SVCs) Company Information
- 4.15.2 Shandong Albertson Electric Co., Ltd. Static Var Compensators (SVCs) Business Overview
- 4.15.3 Shandong Albertson Electric Co., Ltd. Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.15.4 Shandong Albertson Electric Co., Ltd. Product Portfolio
- 4.15.5 Shandong Albertson Electric Co., Ltd. Recent Developments
- 4.16 Hitachi Energy
- 4.16.1 Hitachi Energy Static Var Compensators (SVCs) Company Information
- 4.16.2 Hitachi Energy Static Var Compensators (SVCs) Business Overview
- 4.16.3 Hitachi Energy Static Var Compensators (SVCs) Production, Value and Gross Margin (2021-2026)
- 4.16.4 Hitachi Energy Product Portfolio
- 4.16.5 Hitachi Energy Recent Developments
5 Global Static Var Compensators (SVCs) Production by Region
- 5.1 Global Static Var Compensators (SVCs) Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Static Var Compensators (SVCs) Production by Region: 2021-2032
- 5.2.1 Global Static Var Compensators (SVCs) Production by Region: 2021-2026
- 5.2.2 Global Static Var Compensators (SVCs) Production Forecast by Region (2027-2032)
- 5.3 Global Static Var Compensators (SVCs) Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Static Var Compensators (SVCs) Production Value by Region: 2021-2032
- 5.4.1 Global Static Var Compensators (SVCs) Production Value by Region: 2021-2026
- 5.4.2 Global Static Var Compensators (SVCs) Production Value Forecast by Region (2027-2032)
- 5.5 Global Static Var Compensators (SVCs) Market Price Analysis by Region (2021-2026)
- 5.6 Global Static Var Compensators (SVCs) Production and Value, YOY Growth
- 5.6.1 North America Static Var Compensators (SVCs) Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Static Var Compensators (SVCs) Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Static Var Compensators (SVCs) Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Static Var Compensators (SVCs) Production Value Estimates and Forecasts (2021-2032)
- 5.6.5 South Korea Static Var Compensators (SVCs) Production Value Estimates and Forecasts (2021-2032)
6 Global Static Var Compensators (SVCs) Consumption by Region
- 6.1 Global Static Var Compensators (SVCs) Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Static Var Compensators (SVCs) Consumption by Region (2021-2032)
- 6.2.1 Global Static Var Compensators (SVCs) Consumption by Region: 2021-2026
- 6.2.2 Global Static Var Compensators (SVCs) Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Static Var Compensators (SVCs) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Static Var Compensators (SVCs) Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Static Var Compensators (SVCs) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Static Var Compensators (SVCs) Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Static Var Compensators (SVCs) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Static Var Compensators (SVCs) Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Static Var Compensators (SVCs) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Static Var Compensators (SVCs) Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Static Var Compensators (SVCs) Production by Type (2021-2032)
- 7.1.1 Global Static Var Compensators (SVCs) Production by Type (2021-2032) & (k units)
- 7.1.2 Global Static Var Compensators (SVCs) Production Market Share by Type (2021-2032)
- 7.2 Global Static Var Compensators (SVCs) Production Value by Type (2021-2032)
- 7.2.1 Global Static Var Compensators (SVCs) Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Static Var Compensators (SVCs) Production Value Market Share by Type (2021-2032)
- 7.3 Global Static Var Compensators (SVCs) Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Static Var Compensators (SVCs) Production by Application (2021-2032)
- 8.1.1 Global Static Var Compensators (SVCs) Production by Application (2021-2032) & (k units)
- 8.1.2 Global Static Var Compensators (SVCs) Production Market Share by Application (2021-2032)
- 8.2 Global Static Var Compensators (SVCs) Production Value by Application (2021-2032)
- 8.2.1 Global Static Var Compensators (SVCs) Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Static Var Compensators (SVCs) Production Value Market Share by Application (2021-2032)
- 8.3 Global Static Var Compensators (SVCs) Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Static Var Compensators (SVCs) Value Chain Analysis
- 9.1.1 Static Var Compensators (SVCs) Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Static Var Compensators (SVCs) Production Mode & Process
- 9.2 Static Var Compensators (SVCs) Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Static Var Compensators (SVCs) Distributors
- 9.2.3 Static Var Compensators (SVCs) Customers
10 Global Static Var Compensators (SVCs) Analyzing Market Dynamics
- 10.1 Static Var Compensators (SVCs) Industry Trends
- 10.2 Static Var Compensators (SVCs) Industry Drivers
- 10.3 Static Var Compensators (SVCs) Industry Opportunities and Challenges
- 10.4 Static Var Compensators (SVCs) Industry Restraints
11 Report Conclusion
12 Disclaimer
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