Among the Types of SVC Solutions Available, MCR Based SVC Is Expected to Grow at the Highest Rate in the Static VAR Compensator Market
The static VAR compensator (SVC) market was valued at USD 643.6 Million in 2014, and it is expected to grow at a CAGR of 3.8% between 2015 and 2020. The increasing demand for renewable sources of energy and replacement of aging power infrastructure in developed geographical regions are some of the factors driving the static VAR compensator market positively.
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