"Fixed Crane Market Size, Share & Industry Analysis, By Type (Overhead Crane, Tower Crane, and Other
The increasing power demand in developed as well as developing nations is expected to support the growth of the global static var compensator market, says 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” the increasing adoption of renewable energy sources in railways and industrial sector is predicted to spur sales opportunities of the market in the upcoming years.
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According to the report, based on type, the market is classified into thyristor-based svc and magnetically controlled reactor (MCR based) svc. The magnetically controlled reactor svc is expected to hold maximum share in the global market during the forecast period owing to due to its advantages such as high reliability, small dimension, ability to sustain instantaneous voltages and avoid generator breaking. Furthermore, based on components, the market is classified into the phase-shifting transformer, control protection system, harmonic filter, thyristor, reactor, gis switchgear, and others. The phase-shifting transformer is predicted ....