The rising awareness about green energy sources across the world is transforming the energy and power industry. The trend of green energy is emerging on account of increasing environmental pollution from traditional energy resources. Governments are playing a significant role on conducting awareness programs about clean energy. Fortune Business Insights in a report, titled “Static VAR Compensator Market Size, Share & Industry Analysis, By Type (Thyristor Based SVC, MCR Based SVC), By Component (Phase Shifting Transformer, GIS Switchgear, Control Protection System, others), By Application (Electric Utility, Renewable Energy, Railways, Oil & Gas, Others) and Regional Forecast, 2019-2026” published the above information.
Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
Top Players Overview:
- American Electric Power
- Schneider Electric
- Rongxin Huiko Electric Technology Co. Ltd
- Hyosung ESS
- NR Electric Co. Ltd
- Captech Pty Ltd
- Jema Energy SA
- Mitsubishi Electric Automation Inc.
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the Static VAR Compensator Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Static VAR Compensator Market.
Key Segmental Overview:
- By Type
- By Application
- By Component
- By Geography
The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive competition and maintain their stronghold.
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Major Table of Content For Static VAR Compensator Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Static VAR Compensator Market Analysis, Insights and Forecast, 2014-2025
- North America Static VAR Compensator Market Analysis, Insights and Forecast, 2014-2025
- Europe Static VAR Compensator Market Analysis, Insights and Forecast, 2014-2025
- Asia Pacific Static VAR Compensator Market Analysis, Insights and Forecast, 2014-2025
- Middle East and Africa Static VAR Compensator Market Analysis, Insights and Forecast, 2014-2025
- Latin America Static VAR Compensator Market Analysis, Insights and Forecast, 2014-2025
- Competitive Landscape
- Company Profile
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