United States Static VAR Compensator Market is expected to reach US$ 200 Million by 2032 | Major Companies - General Electric, Siemens AG, ABB Ltd.

Market Size and Growth:

The Static VAR Compensator Market Size US$ 1,015 Million in 2024 and is expected to reach US$ 1,488.22 Million by 2032, growing with a CAGR of 4.9% during the forecast period 2024-2032. The Market is growing due to increasing demand for power quality improvement and grid stability in renewable energy integration and industrial applications.

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The Static VAR Compensator (SVC) Market encompasses the production, deployment, and maintenance of SVC systems used to regulate voltage, improve power quality, and enhance grid stability in electrical networks. These systems are essential in industries and utilities to manage reactive power, reduce transmission losses, and support renewable integration, ensuring reliable and efficient electricity distribution across modern power infrastructure.

Industry Recent Developments: United States

✅ November 2025: The U.S. market is driven by federal initiatives for clean energy transition and grid modernization, along with the expansion of electric vehicle infrastructure, which sustain investments in voltage stabilization technologies.

✅ October 2025: General Electric (U.S.) entered a strategic partnership with a leading renewable energy firm to co-develop advanced static VAR compensator solutions for better grid reliability.

✅ September 2025: The market is expanding due to ongoing modernization of the U.S. power grid and the integration of renewable energy sources, resulting in increased demand for advanced SVC technologies.

Industry Recent Developments: Japan

✅ November 2025: Japan's SVC market growth is supported by government policies promoting renewable energy and disaster resilience, along with efforts in grid stabilization post-natural disasters.

✅ October 2025: Innovations such as AI-based grid management systems, IoT-enabled sensors for real-time diagnostics, and high-performance power electronics are being introduced to improve grid reliability and predictive maintenance.

✅ September 2025: The market is driven by the aging electrical infrastructure requiring modernization and increased integration of renewable energy sources, prompting utilities to deploy advanced reactive power compensation devices.

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Major Key Players:

General Electric
Rongxin Power Electronic Co., Ltd
ABB Ltd
Siemens AG
American Electric Power
Eaton Corp plc
Hyosung
NR Electric Co. Ltd.
Mitsubishi Electric Corp.
American Superconductor Corp.

Market Growth Drivers:

✅ Increasing demand for grid stability due to the integration of renewable energy sources like wind and solar, which cause voltage and frequency fluctuations requiring reactive power compensation.

✅ Growing need for improved power quality by mitigating voltage sags, swells, and harmonics detrimental to sensitive electronic equipment.

✅ Expansion and modernization of power transmission and distribution networks to meet rising electricity demand, enhancing overall grid reliability and efficiency.

Segments Covered in the Static VAR Compensator Market:

By Type: Thyristor-based, MCR-based.

By Component: Thyristor, Harmonic Filter, Reactor, Capacitor Bank, GIS Switchgear, Control Protection System, Cooling System, Others.

By End-User: Electric Utility, Railways, Renewable, Steel, Oil & Gas, Mining, Others.

Regional Analysis for Static VAR Compensator Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Static VAR Compensator market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Static VAR Compensator Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Static VAR Compensator market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Static VAR Compensator Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Static VAR Compensator market?

➠ Who are the global key manufacturers of the Static VAR Compensator Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Static VAR Compensator market opportunities and threats faced by the vendors in the global Static VAR Compensator Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Static VAR Compensator market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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