Report Detail
Global TCR Static Var Compensator (SVC) Market 2025 by Company, Regions, Type and Application, Forecast to 2031
- RnM4628454 |
- 26 September, 2025 |
- Global |
- 119 Pages |
- GIR |
- Machinery & Equipment
According to our (Global Info Research) latest study, the global TCR Static Var Compensator (SVC) market size was valued at US$ 1055 million in 2024 and is forecast to a readjusted size of USD 1702 million by 2031 with a CAGR of 6.0% during review period.
A static VAR compensator (SVC) is a set of electrical devices for providing fast-acting reactive power on high-voltage electricity transmission networks. SVCs are part of the Flexible AC transmission system device family, regulating voltage, power factor, harmonics and stabilizing the system. A static VAR compensator has no significant moving parts (other than internal switchgear). Prior to the invention of the SVC, power factor compensation was the preserve of large rotating machines such as synchronous condensers or switched capacitor banks.
A TCR Static Var Compensator (SVC) is a type of power electronic device used in electrical power systems to provide dynamic voltage regulation and reactive power compensation. It consists of a Thyristor-Controlled Reactor (TCR) and other components, which work together to control the reactive power injected or absorbed from the system. The TCR is controlled by thyristors, allowing for rapid adjustments in response to changes in the system’s demand for reactive power, thus improving stability, voltage control, and overall power quality in the network. SVCs are commonly used in applications like voltage support for industrial plants, grid stabilization, and power factor correction.
The TCR Static Var Compensator (SVC) market is witnessing significant growth due to the increasing demand for voltage regulation and reactive power compensation in electrical grids. SVCs, which are primarily used in power systems to stabilize voltage levels and improve power quality, are crucial for maintaining the reliability and efficiency of modern electrical grids. With the growing need for grid modernization, especially in regions with fluctuating renewable energy sources, the demand for SVCs is rising. The Thyristor-Controlled Reactor (TCR) in these systems allows for quick and efficient adjustment of reactive power, which is critical for managing grid stability, especially during load variations or faults.
In the current market, the major players in the TCR SVC segment include large power system manufacturers and solution providers who are focused on offering efficient and flexible solutions to tackle voltage fluctuations. The demand for SVCs is largely driven by industries such as utilities, manufacturing, and large-scale infrastructure projects. The increasing integration of renewable energy sources like wind and solar power into national grids has made voltage stability a greater challenge, creating a need for more advanced and dynamic reactive power compensation systems like the TCR SVC. Furthermore, the global push for energy efficiency and grid reliability is expected to continue driving the adoption of these devices.
Looking ahead, the future of the TCR SVC market is expected to be shaped by the ongoing developments in smart grids and advanced grid management systems. As the energy sector transitions toward more sustainable and decentralized energy sources, the integration of SVCs with grid management technologies will become even more essential. In particular, the ability of TCR SVCs to dynamically adjust to rapid changes in grid conditions, such as those caused by the intermittency of renewable energy, will make them a crucial component of future power systems. The demand for TCR SVCs is also expected to increase in emerging markets as they undergo industrialization and infrastructure development, requiring more sophisticated and reliable voltage control solutions.
This report is a detailed and comprehensive analysis for global TCR Static Var Compensator (SVC) market. Both quantitative and qualitative analyses are presented by company, by region & country, by Voltage and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global TCR Static Var Compensator (SVC) market size and forecasts, in consumption value ($ Million), 2020-2031
Global TCR Static Var Compensator (SVC) market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global TCR Static Var Compensator (SVC) market size and forecasts, by Voltage and by Application, in consumption value ($ Million), 2020-2031
Global TCR Static Var Compensator (SVC) market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for TCR Static Var Compensator (SVC)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global TCR Static Var Compensator (SVC) market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, Siemens, Taikai Power Electronic, NR Electric, CRERT, Guirong Xieping, Rongxin Power Electronic, Liaoning Lide Investment Holding Group, Hitachi, Mitsubishi Electric, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
TCR Static Var Compensator (SVC) market is split by Voltage and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Voltage and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Voltage
Voltage: 0kV - 6kV
Voltage: 6kV - 10kV
Voltage: 10kV - 20kV
Voltage: 20kV - 30kV
Voltage: 30kV - 40kV
Other
Market segment by Application
Electrical Grid
Metallurgy & Steel
Mining
New Energy
Chemical
Transport
Other
Market segment by players, this report covers
ABB
Siemens
Taikai Power Electronic
NR Electric
CRERT
Guirong Xieping
Rongxin Power Electronic
Liaoning Lide Investment Holding Group
Hitachi
Mitsubishi Electric
S&C Electric
GE
AMSC
Ingeteam
Comsys AB
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe TCR Static Var Compensator (SVC) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of TCR Static Var Compensator (SVC), with revenue, gross margin, and global market share of TCR Static Var Compensator (SVC) from 2020 to 2025.
Chapter 3, the TCR Static Var Compensator (SVC) competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Voltage and by Application, with consumption value and growth rate by Voltage, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and TCR Static Var Compensator (SVC) market forecast, by regions, by Voltage and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of TCR Static Var Compensator (SVC).
Chapter 13, to describe TCR Static Var Compensator (SVC) research findings and conclusion.
1 Market Overview
- 1.1 Product Overview and Scope
- 1.2 Market Estimation Caveats and Base Year
- 1.3 Classification of TCR Static Var Compensator (SVC) by Voltage
- 1.3.1 Overview: Global TCR Static Var Compensator (SVC) Market Size by Voltage: 2020 Versus 2024 Versus 2031
- 1.3.2 Global TCR Static Var Compensator (SVC) Consumption Value Market Share by Voltage in 2024
- 1.3.3 Voltage: 0kV - 6kV
- 1.3.4 Voltage: 6kV - 10kV
- 1.3.5 Voltage: 10kV - 20kV
- 1.3.6 Voltage: 20kV - 30kV
- 1.3.7 Voltage: 30kV - 40kV
- 1.3.8 Other
- 1.4 Global TCR Static Var Compensator (SVC) Market by Application
- 1.4.1 Overview: Global TCR Static Var Compensator (SVC) Market Size by Application: 2020 Versus 2024 Versus 2031
- 1.4.2 Electrical Grid
- 1.4.3 Metallurgy & Steel
- 1.4.4 Mining
- 1.4.5 New Energy
- 1.4.6 Chemical
- 1.4.7 Transport
- 1.4.8 Other
- 1.5 Global TCR Static Var Compensator (SVC) Market Size & Forecast
- 1.6 Global TCR Static Var Compensator (SVC) Market Size and Forecast by Region
- 1.6.1 Global TCR Static Var Compensator (SVC) Market Size by Region: 2020 VS 2024 VS 2031
- 1.6.2 Global TCR Static Var Compensator (SVC) Market Size by Region, (2020-2031)
- 1.6.3 North America TCR Static Var Compensator (SVC) Market Size and Prospect (2020-2031)
- 1.6.4 Europe TCR Static Var Compensator (SVC) Market Size and Prospect (2020-2031)
- 1.6.5 Asia-Pacific TCR Static Var Compensator (SVC) Market Size and Prospect (2020-2031)
- 1.6.6 South America TCR Static Var Compensator (SVC) Market Size and Prospect (2020-2031)
- 1.6.7 Middle East & Africa TCR Static Var Compensator (SVC) Market Size and Prospect (2020-2031)
2 Company Profiles
- 2.1 ABB
- 2.1.1 ABB Details
- 2.1.2 ABB Major Business
- 2.1.3 ABB TCR Static Var Compensator (SVC) Product and Solutions
- 2.1.4 ABB TCR Static Var Compensator (SVC) Revenue, Gross Margin and Market Share (2020-2025)
- 2.1.5 ABB Recent Developments and Future Plans
- 2.2 Siemens
- 2.2.1 Siemens Details
- 2.2.2 Siemens Major Business
- 2.2.3 Siemens TCR Static Var Compensator (SVC) Product and Solutions
- 2.2.4 Siemens TCR Static Var Compensator (SVC) Revenue, Gross Margin and Market Share (2020-2025)
- 2.2.5 Siemens Recent Developments and Future Plans
- 2.3 Taikai Power Electronic
- 2.3.1 Taikai Power Electronic Details
- 2.3.2 Taikai Power Electronic Major Business
- 2.3.3 Taikai Power Electronic TCR Static Var Compensator (SVC) Product and Solutions
- 2.3.4 Taikai Power Electronic TCR Static Var Compensator (SVC) Revenue, Gross Margin and Market Share (2020-2025)
- 2.3.5 Taikai Power Electronic Recent Developments and Future Plans
- 2.4 NR Electric
- 2.4.1 NR Electric Details
- 2.4.2 NR Electric Major Business
- 2.4.3 NR Electric TCR Static Var Compensator (SVC) Product and Solutions
- 2.4.4 NR Electric TCR Static Var Compensator (SVC) Revenue, Gross Margin and Market Share (2020-2025)
- 2.4.5 NR Electric Recent Developments and Future Plans
- 2.5 CRERT
- 2.5.1 CRERT Details
- 2.5.2 CRERT Major Business
- 2.5.3 CRERT TCR Static Var Compensator (SVC) Product and Solutions
- 2.5.4 CRERT TCR Static Var Compensator (SVC) Revenue, Gross Margin and Market Share (2020-2025)
- 2.5.5 CRERT Recent Developments and Future Plans
- 2.6 Guirong Xieping
- 2.6.1 Guirong Xieping Details
- 2.6.2 Guirong Xieping Major Business
- 2.6.3 Guirong Xieping TCR Static Var Compensator (SVC) Product and Solutions
- 2.6.4 Guirong Xieping TCR Static Var Compensator (SVC) Revenue, Gross Margin and Market Share (2020-2025)
- 2.6.5 Guirong Xieping Recent Developments and Future Plans
- 2.7 Rongxin Power Electronic
- 2.7.1 Rongxin Power Electronic Details
- 2.7.2 Rongxin Power Electronic Major Business
- 2.7.3 Rongxin Power Electronic TCR Static Var Compensator (SVC) Product and Solutions
- 2.7.4 Rongxin Power Electronic TCR Static Var Compensator (SVC) Revenue, Gross Margin and Market Share (2020-2025)
- 2.7.5 Rongxin Power Electronic Recent Developments and Future Plans
- 2.8 Liaoning Lide Investment Holding Group
- 2.8.1 Liaoning Lide Investment Holding Group Details
- 2.8.2 Liaoning Lide Investment Holding Group Major Business
- 2.8.3 Liaoning Lide Investment Holding Group TCR Static Var Compensator (SVC) Product and Solutions
- 2.8.4 Liaoning Lide Investment Holding Group TCR Static Var Compensator (SVC) Revenue, Gross Margin and Market Share (2020-2025)
- 2.8.5 Liaoning Lide Investment Holding Group Recent Developments and Future Plans
- 2.9 Hitachi
- 2.9.1 Hitachi Details
- 2.9.2 Hitachi Major Business
- 2.9.3 Hitachi TCR Static Var Compensator (SVC) Product and Solutions
- 2.9.4 Hitachi TCR Static Var Compensator (SVC) Revenue, Gross Margin and Market Share (2020-2025)
- 2.9.5 Hitachi Recent Developments and Future Plans
- 2.10 Mitsubishi Electric
- 2.10.1 Mitsubishi Electric Details
- 2.10.2 Mitsubishi Electric Major Business
- 2.10.3 Mitsubishi Electric TCR Static Var Compensator (SVC) Product and Solutions
- 2.10.4 Mitsubishi Electric TCR Static Var Compensator (SVC) Revenue, Gross Margin and Market Share (2020-2025)
- 2.10.5 Mitsubishi Electric Recent Developments and Future Plans
- 2.11 S&C Electric
- 2.11.1 S&C Electric Details
- 2.11.2 S&C Electric Major Business
- 2.11.3 S&C Electric TCR Static Var Compensator (SVC) Product and Solutions
- 2.11.4 S&C Electric TCR Static Var Compensator (SVC) Revenue, Gross Margin and Market Share (2020-2025)
- 2.11.5 S&C Electric Recent Developments and Future Plans
- 2.12 GE
- 2.12.1 GE Details
- 2.12.2 GE Major Business
- 2.12.3 GE TCR Static Var Compensator (SVC) Product and Solutions
- 2.12.4 GE TCR Static Var Compensator (SVC) Revenue, Gross Margin and Market Share (2020-2025)
- 2.12.5 GE Recent Developments and Future Plans
- 2.13 AMSC
- 2.13.1 AMSC Details
- 2.13.2 AMSC Major Business
- 2.13.3 AMSC TCR Static Var Compensator (SVC) Product and Solutions
- 2.13.4 AMSC TCR Static Var Compensator (SVC) Revenue, Gross Margin and Market Share (2020-2025)
- 2.13.5 AMSC Recent Developments and Future Plans
- 2.14 Ingeteam
- 2.14.1 Ingeteam Details
- 2.14.2 Ingeteam Major Business
- 2.14.3 Ingeteam TCR Static Var Compensator (SVC) Product and Solutions
- 2.14.4 Ingeteam TCR Static Var Compensator (SVC) Revenue, Gross Margin and Market Share (2020-2025)
- 2.14.5 Ingeteam Recent Developments and Future Plans
- 2.15 Comsys AB
- 2.15.1 Comsys AB Details
- 2.15.2 Comsys AB Major Business
- 2.15.3 Comsys AB TCR Static Var Compensator (SVC) Product and Solutions
- 2.15.4 Comsys AB TCR Static Var Compensator (SVC) Revenue, Gross Margin and Market Share (2020-2025)
- 2.15.5 Comsys AB Recent Developments and Future Plans
3 Market Competition, by Players
- 3.1 Global TCR Static Var Compensator (SVC) Revenue and Share by Players (2020-2025)
- 3.2 Market Share Analysis (2024)
- 3.2.1 Market Share of TCR Static Var Compensator (SVC) by Company Revenue
- 3.2.2 Top 3 TCR Static Var Compensator (SVC) Players Market Share in 2024
- 3.2.3 Top 6 TCR Static Var Compensator (SVC) Players Market Share in 2024
- 3.3 TCR Static Var Compensator (SVC) Market: Overall Company Footprint Analysis
- 3.3.1 TCR Static Var Compensator (SVC) Market: Region Footprint
- 3.3.2 TCR Static Var Compensator (SVC) Market: Company Product Type Footprint
- 3.3.3 TCR Static Var Compensator (SVC) Market: Company Product Application Footprint
- 3.4 New Market Entrants and Barriers to Market Entry
- 3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Voltage
- 4.1 Global TCR Static Var Compensator (SVC) Consumption Value and Market Share by Voltage (2020-2025)
- 4.2 Global TCR Static Var Compensator (SVC) Market Forecast by Voltage (2026-2031)
5 Market Size Segment by Application
- 5.1 Global TCR Static Var Compensator (SVC) Consumption Value Market Share by Application (2020-2025)
- 5.2 Global TCR Static Var Compensator (SVC) Market Forecast by Application (2026-2031)
6 North America
- 6.1 North America TCR Static Var Compensator (SVC) Consumption Value by Voltage (2020-2031)
- 6.2 North America TCR Static Var Compensator (SVC) Market Size by Application (2020-2031)
- 6.3 North America TCR Static Var Compensator (SVC) Market Size by Country
- 6.3.1 North America TCR Static Var Compensator (SVC) Consumption Value by Country (2020-2031)
- 6.3.2 United States TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
- 6.3.3 Canada TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
- 6.3.4 Mexico TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
7 Europe
- 7.1 Europe TCR Static Var Compensator (SVC) Consumption Value by Voltage (2020-2031)
- 7.2 Europe TCR Static Var Compensator (SVC) Consumption Value by Application (2020-2031)
- 7.3 Europe TCR Static Var Compensator (SVC) Market Size by Country
- 7.3.1 Europe TCR Static Var Compensator (SVC) Consumption Value by Country (2020-2031)
- 7.3.2 Germany TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
- 7.3.3 France TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
- 7.3.4 United Kingdom TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
- 7.3.5 Russia TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
- 7.3.6 Italy TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
8 Asia-Pacific
- 8.1 Asia-Pacific TCR Static Var Compensator (SVC) Consumption Value by Voltage (2020-2031)
- 8.2 Asia-Pacific TCR Static Var Compensator (SVC) Consumption Value by Application (2020-2031)
- 8.3 Asia-Pacific TCR Static Var Compensator (SVC) Market Size by Region
- 8.3.1 Asia-Pacific TCR Static Var Compensator (SVC) Consumption Value by Region (2020-2031)
- 8.3.2 China TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
- 8.3.3 Japan TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
- 8.3.4 South Korea TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
- 8.3.5 India TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
- 8.3.6 Southeast Asia TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
- 8.3.7 Australia TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
9 South America
- 9.1 South America TCR Static Var Compensator (SVC) Consumption Value by Voltage (2020-2031)
- 9.2 South America TCR Static Var Compensator (SVC) Consumption Value by Application (2020-2031)
- 9.3 South America TCR Static Var Compensator (SVC) Market Size by Country
- 9.3.1 South America TCR Static Var Compensator (SVC) Consumption Value by Country (2020-2031)
- 9.3.2 Brazil TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
- 9.3.3 Argentina TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
10 Middle East & Africa
- 10.1 Middle East & Africa TCR Static Var Compensator (SVC) Consumption Value by Voltage (2020-2031)
- 10.2 Middle East & Africa TCR Static Var Compensator (SVC) Consumption Value by Application (2020-2031)
- 10.3 Middle East & Africa TCR Static Var Compensator (SVC) Market Size by Country
- 10.3.1 Middle East & Africa TCR Static Var Compensator (SVC) Consumption Value by Country (2020-2031)
- 10.3.2 Turkey TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
- 10.3.3 Saudi Arabia TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
- 10.3.4 UAE TCR Static Var Compensator (SVC) Market Size and Forecast (2020-2031)
11 Market Dynamics
- 11.1 TCR Static Var Compensator (SVC) Market Drivers
- 11.2 TCR Static Var Compensator (SVC) Market Restraints
- 11.3 TCR Static Var Compensator (SVC) Trends Analysis
- 11.4 Porters Five Forces Analysis
- 11.4.1 Threat of New Entrants
- 11.4.2 Bargaining Power of Suppliers
- 11.4.3 Bargaining Power of Buyers
- 11.4.4 Threat of Substitutes
- 11.4.5 Competitive Rivalry
12 Industry Chain Analysis
- 12.1 TCR Static Var Compensator (SVC) Industry Chain
- 12.2 TCR Static Var Compensator (SVC) Upstream Analysis
- 12.3 TCR Static Var Compensator (SVC) Midstream Analysis
- 12.4 TCR Static Var Compensator (SVC) Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
- 14.1 Methodology
- 14.2 Research Process and Data Source
Summary:
Get latest Market Research Reports on TCR Static Var Compensator (SVC). Industry analysis & Market Report on TCR Static Var Compensator (SVC) is a syndicated market report, published as Global TCR Static Var Compensator (SVC) Market 2025 by Company, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of TCR Static Var Compensator (SVC) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
REPORT YOU MIGHT BE INTERESTED
Related Reports
Reason to Buy
Reports and Markets
Contact Us
+1-352-353-0818 (US)Newsletter
KEEP UP TO DATE ON ALL THE LATEST REPORTS
