Posts

Showing posts with the label Static VAR Compensator (SVC) Market Growth

Static VAR Compensator (SVC) Market Rising Adoption from Small and Medium-sized Enterprises to Fuel Growth 2017 - 2025

Static VAR compensator, usually referred to as SVC, is a power quality device employed in power electronics to control the reactive power flow of the systems to which it is connected. It provides fast-acting reactive power compensation on high-voltage electrical systems. In other words, a static VAR compensator market regulates and controls the voltage of devices to the required set point, thereby providing fast-acting reactive power on electricity transmission networks. Static VAR compensators are primarily used in large industries, such as steel-making plants, to lower voltage fluctuations and flicker compensation. Additionally, SVCs are installed at appropriate positions in the electric power system to increase power transfer capabilities by improving the voltage stability. SVCs can also improve active power oscillations by modulating the amplitude of the voltage. Furthermore, they have the advantage of taking the system power factor close to unity. SVCs are generally installed nea...