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Latin America Static VAR Compensator Market to Bolster with Growing Government’s Initiative to Promote Renewable Energy Significantly During 2023-2028

El nuevo estudio de Informes de Expertos titulado ‘Mercado de Compensador Estático de VAR en América Latina, Informe y Pronóstico 2023-2028′, ofrece una amplia revisión de los factores que reflejan positivamente el panorama del mercado y explora los factores en términos de tipos, componentes, uso final, y las regiones clave. El informe también estudia las restricciones y los retos del mercado, basándose en los modelos de las cinco fuerzas de Porter, junto con un análisis FODA. Asimismo, se evalúa el mercado en sobre la base de las tendencias pasadas y futuras y su influencia posterior en el algoritmo. El estudio incluye una investigación exhaustiva, que abarca indicadores de precios y agentes del mercado, ilustrando las repercusiones en la dinámica y las perspectivas del mercado.

The new report by Informes de Expertos titled, ‘Latin America Static VAR Compensator Market 2023-2028’ , provides a broad review of the factors that reflect positively on the market landscape and explores the factors in terms of types, components, end use, and key regions. The report also examines market constraints and challenges, based on Porter’s five forces models, along with a SWOT analysis. Furthermore, the market is assessed on the basis of past and future trends and their subsequent influence on the algorithm. The study includes extensive research, covering price indicators and market players, illustrating the impact on market dynamics and prospects.

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Los aspectos más destacados del informe son:

Visión General del Mercado (2018-2028)

• CAGR del Periodo de Pronóstico (2023-2028): 5,40%

El mercado de compensadores estáticos de VAR (SVC) en América Latina está impulsado por la creciente demanda de electricidad, ya que la población de América Latina está creciendo y, con ella, la demanda de electricidad. Esto ha provocado un aumento de la necesidad de SVC para mejorar la estabilidad y fiabilidad de la red eléctrica. América Latina cuenta con un creciente sector de energías renovables, sobre todo en áreas como la eólica y la solar. Los SVC se utilizan para apoyar la integración de fuentes de energía renovables y equilibrar la fluctuación de la oferta y la demanda de la red eléctrica. Además, en 202, el mercado alcanzó un valor de 70,05 millones de dólares.

Además, los gobiernos de América Latina están aplicando políticas para mejorar la eficiencia y la fiabilidad de la red eléctrica, lo que ha provocado un aumento de la demanda de VPC. Existe una tendencia creciente a modernizar las centrales eléctricas existentes en América Latina para mejorar su eficiencia y reducir las emisiones. Los SVC se utilizan a menudo como parte de estas actualizaciones para mejorar la estabilidad de la red eléctrica. Muchas de las infraestructuras de la red eléctrica de América Latina están envejeciendo y necesitan mejoras. Los VPC pueden contribuir a mejorar la estabilidad y fiabilidad de estas infraestructuras.

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Industry Definition and Major Segments

A Static VAR Compensator (SVC) is a device that is used to control the voltage on an electric power transmission or distribution system. It is a type of Flexible AC Transmission Systems (FACTS) device that uses thyristors to rapidly change the amount of reactive power flowing in the transmission system. This allows for the control of voltage and power flow on the transmission grid.

Based on type, the market can be bifurcated into:

• Thyristor-based
• Based on Magnetically Controlled Reactors (MCR)

On the basis of components, the market is segmented into:

• Power Electronics Devices
• Harmonic Filters
• Thyristors
• Reactors
• Capacitor Banks
• GIS Switches
• Others

Some of the major end uses in the industry include:

• Electrical Services
• Renewable Energy
• Railways
• Industry
• Oil & Gas
• Others

Key regions covered include:

• Brazil
• Argentina
• Mexico
• Others

Market Trends

The Static VAR Compensator (SVC) market in Latin America is evolving with the increasing trend of growing adoption of advanced technologies. Companies in the SVC market in Latin America are increasingly adopting advanced technologies such as FACTS (Flexible AC Transmission Systems) and HVDC (High-Voltage Direct Current) to improve the efficiency and performance of SVCs. Also, the increasing penetration of renewable energy sources in Latin America is driving the demand for reactive power compensation, which is provided by SVCs.

Medium voltage SVCs are becoming more popular in Latin America as they are more cost-effective and can be used for a wide range of applications. Moreover, the increasing investment in transmission and distribution infrastructure in Latin America is driving the demand for SVCs as they are used to improve the stability and reliability of the power grid. Therefore, the growing focus on energy storage in Latin America is driving the demand for SVCs as they are used to support the integration of energy storage systems into the power grid.

Key Market Players

The major players in the market are:

• Siemens Energy
• Hitachi Energy Limited
• General Electric Company
• Mitsubishi Electric Corporation
• Nidec ASI S.p.A.
• Others

This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.

About Us

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.