APO RESEARCH · REPORT
Static Var Generator (SVG)
SVG is also called STATCOM is a shunt device, which uses force-commutated power electronics (i.e. GTO, IGBT) to control power flow and improve transient stability on electrical power networks. It is also a member of the so-called Flexible AC Transmission System (FACTS) devices. The STATCOM basically performs the same function as the static var compensators but with some advantages.
Product & engineering
Understand the product.
SVG is also called STATCOM is a shunt device, which uses force-commutated power electronics (i.e. GTO, IGBT) to control power flow and improve transient stability on electrical power networks. It is also a member of the so-called Flexible AC Transmission System (FACTS) devices. The STATCOM basically performs the same function as the static var compensators but with some advantages.
According to Component, SVG can be divided into GTO type, IGBT type, IGCT type, SCR type, GTR type, MOSFET type. Due to the huge advantages of IGCT type, the Static Var Generator (SVG) in the market is basically based on IGCT technology.
Selected research
Industry Growth & Trends
Global Static Var Generator (SVG) Industry Growth and Trends Forecast to 2032
Market perspective
SVG is also called STATCOM is a shunt device, which uses force-commutated power electronics (i.e. GTO, IGBT) to control power flow and improve transient stability on electrical power networks. It is also a member of the so-called Flexible AC Transmission System (FACTS) devices. The STATCOM basically performs the same function as the static var compensators but with some advantages.
According to Component, SVG can be divided into GTO type, IGBT type, IGCT type, SCR type, GTR type, MOSFET type. Due to the huge advantages of IGCT type, the Static Var Generator (SVG) in the market is basically based on IGCT technology.
Currently, there are many producing companies in the world. The main market players are Hitachi ABB, Siemens, Rongxin, Sieyuan Electric, Xin Fengguang etc.
Read the full market overview
China now is the largest production of Static Var Generator (SVG), with a production market share nearly 55.94% in 2019. The Static Var Generator (SVG) price of Chinese producers is generally low.
Static Var Generator (SVG) used in industry including Renewable Energy, Electric Utilities, Industrial & Manufacturing and Others. Report data showed that 47.03% of the Static Var Generator (SVG) market demand in Electric Utilities, 28.94% in Renewable Energy in 2019.
There are two kinds’ productions constituting the Static Var Generator (SVG), which are Low Voltage SVG, High Voltage SVG. High Voltage SVG is important in the Static Var Generator (SVG), with a production value market share nearly 83.72% in 2019.
Static Var Generator (SVG) is widely used in metallurgy, power, coal, non-ferrous metals, electrified railway and other key energy consumption industries. In the next few years, Static Var Generator (SVG) is growing fast.
Report Scope
This report provides a structured, data-driven view of the global Static Var Generator (SVG) market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Static Var Generator (SVG) market size, estimates, and forecasts are presented in terms of sales volume (Units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Static Var Generator (SVG) market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Static Var Generator (SVG).
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Static Var Generator (SVG) market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Static Var Generator (SVG) Market by Company
Siemens
Hitachi ABB
Mitsubishi Electric
GE
AMSC
NR Electric Co., Ltd.
Xin Fengguang
Sieyuan Electric
Rongxin Power Electronic Co., Ltd
Taikai Power Electronic
TBEA
XJ Group
Hopewind
Static Var Generator (SVG) Segment by Type
Low Voltage SVG
High Voltage SVG
Static Var Generator (SVG) Segment by Application
Electric Utilities
Renewable Energy
Industrial & Manufacturing
Others
Static Var Generator (SVG) 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 Generator (SVG) 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 Generator (SVG) 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 Generator (SVG).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: 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 3: Detailed analysis of Static Var Generator (SVG) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Static Var Generator (SVG) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Low Voltage SVG
- High Voltage SVG
Applications
- Electric Utilities
- Renewable Energy
- Industrial & Manufacturing
- Others
Companies covered
- Siemens
- Hitachi ABB
- Mitsubishi Electric
- GE
- AMSC
- NR Electric Co., Ltd.
- Xin Fengguang
- Sieyuan Electric
- Rongxin Power Electronic Co., Ltd
- Taikai Power Electronic
- TBEA
- XJ Group
- Hopewind
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Static Var Generator (SVG) Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Static Var Generator (SVG) Sales Estimates and Forecasts (2021-2032)
- 1.3 Static Var Generator (SVG) Market by Type
- 1.3.1 Low Voltage SVG
- 1.3.2 High Voltage SVG
- 1.4 Global Static Var Generator (SVG) Market Size by Type
- 1.4.1 Global Static Var Generator (SVG) Market Size Overview by Type (2021-2032)
- 1.4.2 Global Static Var Generator (SVG) Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Static Var Generator (SVG) Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Static Var Generator (SVG) Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Static Var Generator (SVG) Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Static Var Generator (SVG) Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Static Var Generator (SVG) Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Static Var Generator (SVG) Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Static Var Generator (SVG) Industry Trends
- 2.2 Static Var Generator (SVG) Industry Drivers
- 2.3 Static Var Generator (SVG) Industry Opportunities and Challenges
- 2.4 Static Var Generator (SVG) Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Static Var Generator (SVG) Revenue (2021-2026)
- 3.2 Global Top Players by Static Var Generator (SVG) Sales (2021-2026)
- 3.3 Global Top Players by Static Var Generator (SVG) Price (2021-2026)
- 3.4 Global Static Var Generator (SVG) Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Static Var Generator (SVG) Major Company Production Sites & Headquarters
- 3.6 Global Static Var Generator (SVG) Company, Product Type & Application
- 3.7 Global Static Var Generator (SVG) Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Static Var Generator (SVG) Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Static Var Generator (SVG) Players Market Share by Revenue in 2025
- 3.8.3 2025 Static Var Generator (SVG) Tier 1, Tier 2, and Tier 3
4 Static Var Generator (SVG) Regional Status and Outlook
- 4.1 Global Static Var Generator (SVG) Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Static Var Generator (SVG) Historic Market Size by Region
- 4.2.1 Global Static Var Generator (SVG) Sales in Volume by Region (2021-2026)
- 4.2.2 Global Static Var Generator (SVG) Sales in Value by Region (2021-2026)
- 4.2.3 Global Static Var Generator (SVG) Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Static Var Generator (SVG) Forecasted Market Size by Region
- 4.3.1 Global Static Var Generator (SVG) Sales in Volume by Region (2027-2032)
- 4.3.2 Global Static Var Generator (SVG) Sales in Value by Region (2027-2032)
- 4.3.3 Global Static Var Generator (SVG) Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Static Var Generator (SVG) by Application
- 5.1 Static Var Generator (SVG) Market by Application
- 5.1.1 Electric Utilities
- 5.1.2 Renewable Energy
- 5.1.3 Industrial & Manufacturing
- 5.1.4 Others
- 5.2 Global Static Var Generator (SVG) Market Size by Application
- 5.2.1 Global Static Var Generator (SVG) Market Size Overview by Application (2021-2032)
- 5.2.2 Global Static Var Generator (SVG) Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Static Var Generator (SVG) Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Static Var Generator (SVG) Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Static Var Generator (SVG) Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Static Var Generator (SVG) Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Static Var Generator (SVG) Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Static Var Generator (SVG) Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Siemens
- 6.1.1 Siemens Company Information
- 6.1.2 Siemens Business Overview
- 6.1.3 Siemens Static Var Generator (SVG) Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Siemens Static Var Generator (SVG) Product Portfolio
- 6.1.5 Siemens Recent Developments
- 6.2 Hitachi ABB
- 6.2.1 Hitachi ABB Company Information
- 6.2.2 Hitachi ABB Business Overview
- 6.2.3 Hitachi ABB Static Var Generator (SVG) Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Hitachi ABB Static Var Generator (SVG) Product Portfolio
- 6.2.5 Hitachi ABB Recent Developments
- 6.3 Mitsubishi Electric
- 6.3.1 Mitsubishi Electric Company Information
- 6.3.2 Mitsubishi Electric Business Overview
- 6.3.3 Mitsubishi Electric Static Var Generator (SVG) Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Mitsubishi Electric Static Var Generator (SVG) Product Portfolio
- 6.3.5 Mitsubishi Electric Recent Developments
- 6.4 GE
- 6.4.1 GE Company Information
- 6.4.2 GE Business Overview
- 6.4.3 GE Static Var Generator (SVG) Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 GE Static Var Generator (SVG) Product Portfolio
- 6.4.5 GE Recent Developments
- 6.5 AMSC
- 6.5.1 AMSC Company Information
- 6.5.2 AMSC Business Overview
- 6.5.3 AMSC Static Var Generator (SVG) Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 AMSC Static Var Generator (SVG) Product Portfolio
- 6.5.5 AMSC Recent Developments
- 6.6 NR Electric Co., Ltd.
- 6.6.1 NR Electric Co., Ltd. Company Information
- 6.6.2 NR Electric Co., Ltd. Business Overview
- 6.6.3 NR Electric Co., Ltd. Static Var Generator (SVG) Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 NR Electric Co., Ltd. Static Var Generator (SVG) Product Portfolio
- 6.6.5 NR Electric Co., Ltd. Recent Developments
- 6.7 Xin Fengguang
- 6.7.1 Xin Fengguang Company Information
- 6.7.2 Xin Fengguang Business Overview
- 6.7.3 Xin Fengguang Static Var Generator (SVG) Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Xin Fengguang Static Var Generator (SVG) Product Portfolio
- 6.7.5 Xin Fengguang Recent Developments
- 6.8 Sieyuan Electric
- 6.8.1 Sieyuan Electric Company Information
- 6.8.2 Sieyuan Electric Business Overview
- 6.8.3 Sieyuan Electric Static Var Generator (SVG) Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Sieyuan Electric Static Var Generator (SVG) Product Portfolio
- 6.8.5 Sieyuan Electric Recent Developments
- 6.9 Rongxin Power Electronic Co., Ltd
- 6.9.1 Rongxin Power Electronic Co., Ltd Company Information
- 6.9.2 Rongxin Power Electronic Co., Ltd Business Overview
- 6.9.3 Rongxin Power Electronic Co., Ltd Static Var Generator (SVG) Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Rongxin Power Electronic Co., Ltd Static Var Generator (SVG) Product Portfolio
- 6.9.5 Rongxin Power Electronic Co., Ltd Recent Developments
- 6.10 Taikai Power Electronic
- 6.10.1 Taikai Power Electronic Company Information
- 6.10.2 Taikai Power Electronic Business Overview
- 6.10.3 Taikai Power Electronic Static Var Generator (SVG) Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Taikai Power Electronic Static Var Generator (SVG) Product Portfolio
- 6.10.5 Taikai Power Electronic Recent Developments
- 6.11 TBEA
- 6.11.1 TBEA Company Information
- 6.11.2 TBEA Business Overview
- 6.11.3 TBEA Static Var Generator (SVG) Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 TBEA Static Var Generator (SVG) Product Portfolio
- 6.11.5 TBEA Recent Developments
- 6.12 XJ Group
- 6.12.1 XJ Group Company Information
- 6.12.2 XJ Group Business Overview
- 6.12.3 XJ Group Static Var Generator (SVG) Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 XJ Group Static Var Generator (SVG) Product Portfolio
- 6.12.5 XJ Group Recent Developments
- 6.13 Hopewind
- 6.13.1 Hopewind Company Information
- 6.13.2 Hopewind Business Overview
- 6.13.3 Hopewind Static Var Generator (SVG) Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Hopewind Static Var Generator (SVG) Product Portfolio
- 6.13.5 Hopewind Recent Developments
7 North America by Country
- 7.1 North America Static Var Generator (SVG) Sales by Country
- 7.1.1 North America Static Var Generator (SVG) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Static Var Generator (SVG) Sales by Country (2021-2026)
- 7.1.3 North America Static Var Generator (SVG) Sales Forecast by Country (2027-2032)
- 7.2 North America Static Var Generator (SVG) Market Size by Country
- 7.2.1 North America Static Var Generator (SVG) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Static Var Generator (SVG) Market Size by Country (2021-2026)
- 7.2.3 North America Static Var Generator (SVG) Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Static Var Generator (SVG) Sales by Country
- 8.1.1 Europe Static Var Generator (SVG) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Static Var Generator (SVG) Sales by Country (2021-2026)
- 8.1.3 Europe Static Var Generator (SVG) Sales Forecast by Country (2027-2032)
- 8.2 Europe Static Var Generator (SVG) Market Size by Country
- 8.2.1 Europe Static Var Generator (SVG) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Static Var Generator (SVG) Market Size by Country (2021-2026)
- 8.2.3 Europe Static Var Generator (SVG) Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Static Var Generator (SVG) Sales by Country
- 9.1.1 Asia-Pacific Static Var Generator (SVG) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Static Var Generator (SVG) Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Static Var Generator (SVG) Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Static Var Generator (SVG) Market Size by Country
- 9.2.1 Asia-Pacific Static Var Generator (SVG) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Static Var Generator (SVG) Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Static Var Generator (SVG) Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Static Var Generator (SVG) Sales by Country
- 10.1.1 South America Static Var Generator (SVG) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Static Var Generator (SVG) Sales by Country (2021-2026)
- 10.1.3 South America Static Var Generator (SVG) Sales Forecast by Country (2027-2032)
- 10.2 South America Static Var Generator (SVG) Market Size by Country
- 10.2.1 South America Static Var Generator (SVG) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Static Var Generator (SVG) Market Size by Country (2021-2026)
- 10.2.3 South America Static Var Generator (SVG) Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Static Var Generator (SVG) Sales by Country
- 11.1.1 Middle East and Africa Static Var Generator (SVG) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Static Var Generator (SVG) Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Static Var Generator (SVG) Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Static Var Generator (SVG) Market Size by Country
- 11.2.1 Middle East and Africa Static Var Generator (SVG) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Static Var Generator (SVG) Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Static Var Generator (SVG) Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Static Var Generator (SVG) Value Chain Analysis
- 12.1.1 Static Var Generator (SVG) Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Static Var Generator (SVG) Production Mode & Process
- 12.2 Static Var Generator (SVG) Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Static Var Generator (SVG) Distributors
- 12.2.3 Static Var Generator (SVG) Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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