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 Research
Static Var Generator (SVG) Industry Research Report 2026
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 quantifies the global Static Var Generator (SVG) market in revenue (US$ million) and, where applicable, sales volume (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$/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 Generator (SVG).
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 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: 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 Generator (SVG) 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 Generator (SVG) 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 Generator (SVG) 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
- 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 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 Generator (SVG) by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Low Voltage SVG
- 2.2.3 High Voltage SVG
- 2.3 Static Var Generator (SVG) by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Electric Utilities
- 2.3.3 Renewable Energy
- 2.3.4 Industrial & Manufacturing
- 2.3.5 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Static Var Generator (SVG) Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Static Var Generator (SVG) Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Static Var Generator (SVG) Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Static Var Generator (SVG) Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Static Var Generator (SVG) Production by Manufacturers (2021-2026)
- 3.2 Global Static Var Generator (SVG) Production Value by Manufacturers (2021-2026)
- 3.3 Global Static Var Generator (SVG) Average Price by Manufacturers (2021-2026)
- 3.4 Global Static Var Generator (SVG) Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Static Var Generator (SVG) Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Static Var Generator (SVG) Manufacturers, Product Type & Application
- 3.7 Global Static Var Generator (SVG) Manufacturers Established Date
- 3.8 Global Static Var Generator (SVG) Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Siemens
- 4.1.1 Siemens Static Var Generator (SVG) Company Information
- 4.1.2 Siemens Static Var Generator (SVG) Business Overview
- 4.1.3 Siemens Static Var Generator (SVG) Production, Value and Gross Margin (2021-2026)
- 4.1.4 Siemens Product Portfolio
- 4.1.5 Siemens Recent Developments
- 4.2 Hitachi ABB
- 4.2.1 Hitachi ABB Static Var Generator (SVG) Company Information
- 4.2.2 Hitachi ABB Static Var Generator (SVG) Business Overview
- 4.2.3 Hitachi ABB Static Var Generator (SVG) Production, Value and Gross Margin (2021-2026)
- 4.2.4 Hitachi ABB Product Portfolio
- 4.2.5 Hitachi ABB Recent Developments
- 4.3 Mitsubishi Electric
- 4.3.1 Mitsubishi Electric Static Var Generator (SVG) Company Information
- 4.3.2 Mitsubishi Electric Static Var Generator (SVG) Business Overview
- 4.3.3 Mitsubishi Electric Static Var Generator (SVG) Production, Value and Gross Margin (2021-2026)
- 4.3.4 Mitsubishi Electric Product Portfolio
- 4.3.5 Mitsubishi Electric Recent Developments
- 4.4 GE
- 4.4.1 GE Static Var Generator (SVG) Company Information
- 4.4.2 GE Static Var Generator (SVG) Business Overview
- 4.4.3 GE Static Var Generator (SVG) Production, Value and Gross Margin (2021-2026)
- 4.4.4 GE Product Portfolio
- 4.4.5 GE Recent Developments
- 4.5 AMSC
- 4.5.1 AMSC Static Var Generator (SVG) Company Information
- 4.5.2 AMSC Static Var Generator (SVG) Business Overview
- 4.5.3 AMSC Static Var Generator (SVG) Production, Value and Gross Margin (2021-2026)
- 4.5.4 AMSC Product Portfolio
- 4.5.5 AMSC Recent Developments
- 4.6 NR Electric Co., Ltd.
- 4.6.1 NR Electric Co., Ltd. Static Var Generator (SVG) Company Information
- 4.6.2 NR Electric Co., Ltd. Static Var Generator (SVG) Business Overview
- 4.6.3 NR Electric Co., Ltd. Static Var Generator (SVG) Production, Value and Gross Margin (2021-2026)
- 4.6.4 NR Electric Co., Ltd. Product Portfolio
- 4.6.5 NR Electric Co., Ltd. Recent Developments
- 4.7 Xin Fengguang
- 4.7.1 Xin Fengguang Static Var Generator (SVG) Company Information
- 4.7.2 Xin Fengguang Static Var Generator (SVG) Business Overview
- 4.7.3 Xin Fengguang Static Var Generator (SVG) Production, Value and Gross Margin (2021-2026)
- 4.7.4 Xin Fengguang Product Portfolio
- 4.7.5 Xin Fengguang Recent Developments
- 4.8 Sieyuan Electric
- 4.8.1 Sieyuan Electric Static Var Generator (SVG) Company Information
- 4.8.2 Sieyuan Electric Static Var Generator (SVG) Business Overview
- 4.8.3 Sieyuan Electric Static Var Generator (SVG) Production, Value and Gross Margin (2021-2026)
- 4.8.4 Sieyuan Electric Product Portfolio
- 4.8.5 Sieyuan Electric Recent Developments
- 4.9 Rongxin Power Electronic Co., Ltd
- 4.9.1 Rongxin Power Electronic Co., Ltd Static Var Generator (SVG) Company Information
- 4.9.2 Rongxin Power Electronic Co., Ltd Static Var Generator (SVG) Business Overview
- 4.9.3 Rongxin Power Electronic Co., Ltd Static Var Generator (SVG) Production, Value and Gross Margin (2021-2026)
- 4.9.4 Rongxin Power Electronic Co., Ltd Product Portfolio
- 4.9.5 Rongxin Power Electronic Co., Ltd Recent Developments
- 4.10 Taikai Power Electronic
- 4.10.1 Taikai Power Electronic Static Var Generator (SVG) Company Information
- 4.10.2 Taikai Power Electronic Static Var Generator (SVG) Business Overview
- 4.10.3 Taikai Power Electronic Static Var Generator (SVG) Production, Value and Gross Margin (2021-2026)
- 4.10.4 Taikai Power Electronic Product Portfolio
- 4.10.5 Taikai Power Electronic Recent Developments
- 4.11 TBEA
- 4.11.1 TBEA Static Var Generator (SVG) Company Information
- 4.11.2 TBEA Static Var Generator (SVG) Business Overview
- 4.11.3 TBEA Static Var Generator (SVG) Production, Value and Gross Margin (2021-2026)
- 4.11.4 TBEA Product Portfolio
- 4.11.5 TBEA Recent Developments
- 4.12 XJ Group
- 4.12.1 XJ Group Static Var Generator (SVG) Company Information
- 4.12.2 XJ Group Static Var Generator (SVG) Business Overview
- 4.12.3 XJ Group Static Var Generator (SVG) Production, Value and Gross Margin (2021-2026)
- 4.12.4 XJ Group Product Portfolio
- 4.12.5 XJ Group Recent Developments
- 4.13 Hopewind
- 4.13.1 Hopewind Static Var Generator (SVG) Company Information
- 4.13.2 Hopewind Static Var Generator (SVG) Business Overview
- 4.13.3 Hopewind Static Var Generator (SVG) Production, Value and Gross Margin (2021-2026)
- 4.13.4 Hopewind Product Portfolio
- 4.13.5 Hopewind Recent Developments
5 Global Static Var Generator (SVG) Production by Region
- 5.1 Global Static Var Generator (SVG) Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Static Var Generator (SVG) Production by Region: 2021-2032
- 5.2.1 Global Static Var Generator (SVG) Production by Region: 2021-2026
- 5.2.2 Global Static Var Generator (SVG) Production Forecast by Region (2027-2032)
- 5.3 Global Static Var Generator (SVG) Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Static Var Generator (SVG) Production Value by Region: 2021-2032
- 5.4.1 Global Static Var Generator (SVG) Production Value by Region: 2021-2026
- 5.4.2 Global Static Var Generator (SVG) Production Value Forecast by Region (2027-2032)
- 5.5 Global Static Var Generator (SVG) Market Price Analysis by Region (2021-2026)
- 5.6 Global Static Var Generator (SVG) Production and Value, YOY Growth
- 5.6.1 North America Static Var Generator (SVG) Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Static Var Generator (SVG) Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Static Var Generator (SVG) Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Static Var Generator (SVG) Production Value Estimates and Forecasts (2021-2032)
6 Global Static Var Generator (SVG) Consumption by Region
- 6.1 Global Static Var Generator (SVG) Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Static Var Generator (SVG) Consumption by Region (2021-2032)
- 6.2.1 Global Static Var Generator (SVG) Consumption by Region: 2021-2026
- 6.2.2 Global Static Var Generator (SVG) Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Static Var Generator (SVG) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Static Var Generator (SVG) 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 Generator (SVG) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Static Var Generator (SVG) 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 Generator (SVG) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Static Var Generator (SVG) 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 Generator (SVG) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Static Var Generator (SVG) 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 Generator (SVG) Production by Type (2021-2032)
- 7.1.1 Global Static Var Generator (SVG) Production by Type (2021-2032) & (Units)
- 7.1.2 Global Static Var Generator (SVG) Production Market Share by Type (2021-2032)
- 7.2 Global Static Var Generator (SVG) Production Value by Type (2021-2032)
- 7.2.1 Global Static Var Generator (SVG) Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Static Var Generator (SVG) Production Value Market Share by Type (2021-2032)
- 7.3 Global Static Var Generator (SVG) Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Static Var Generator (SVG) Production by Application (2021-2032)
- 8.1.1 Global Static Var Generator (SVG) Production by Application (2021-2032) & (Units)
- 8.1.2 Global Static Var Generator (SVG) Production Market Share by Application (2021-2032)
- 8.2 Global Static Var Generator (SVG) Production Value by Application (2021-2032)
- 8.2.1 Global Static Var Generator (SVG) Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Static Var Generator (SVG) Production Value Market Share by Application (2021-2032)
- 8.3 Global Static Var Generator (SVG) Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Static Var Generator (SVG) Value Chain Analysis
- 9.1.1 Static Var Generator (SVG) Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Static Var Generator (SVG) Production Mode & Process
- 9.2 Static Var Generator (SVG) Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Static Var Generator (SVG) Distributors
- 9.2.3 Static Var Generator (SVG) Customers
10 Global Static Var Generator (SVG) Analyzing Market Dynamics
- 10.1 Static Var Generator (SVG) Industry Trends
- 10.2 Static Var Generator (SVG) Industry Drivers
- 10.3 Static Var Generator (SVG) Industry Opportunities and Challenges
- 10.4 Static Var Generator (SVG) Industry Restraints
11 Report Conclusion
12 Disclaimer
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