Home > Blossary: Static VAR Compensator (SVC) Market by Type Thyristor Based, MCR-Based
The static VAR compensator (SVC) market was valued at USD 643.6 Million in 2014 and is estimated to reach USD 807.7 Million by 2020, at a CAGR of 3.8% between 2015 and 2020. The base year used for study is 2014 and the forecast period considered is between 2015 and 2020. This report provides a detailed analysis of the SVC market based on type, component, vertical, and region. It has been estimated that the thyristor-based SVC solution would hold a large share in the static VAR compensator market. However, the market for renewable vertical, which includes wind power and solar farm, is expected to grow at a high CAGR between 2015 and 2020
Category: Technology
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