SDKI recently published a report on the Static Var Generator (SVG) market which is studied for the forecast period, i.e., 2022-2031. The report provides comprehensive insights on the current landscape, opportunities, growth drivers and challenges associated with the market.
The growth of the Static Var Generator (SVG) market can be attributed to the increasing requirement for improved productivity among enterprises, and emergence of connected devices in factories across the globe. Along with these, manufacturing units are prone to fatal accidents resulting from human errors or mechanical failures.
Request A Free Sample to Learn More About This Report@ https://www.sdki.us/sample-request-56019
According to the International Labor Organization (ILO), 2.3 million men and women globally succumb to work-related accidents or diseases every year. Annually, there are about 340 million occupational accidents in the world. This in turn is expected to boost the demand for safety compliance industrial automation solutions, which in turn is also assessed to offer lucrative opportunities to the market in the near future.
Furthermore, rising adoption of collaborative and industrial robots, and advent of 5G wireless technology and industry 4.0 worldwide are also projected to drive the growth of the Static Var Generator (SVG) market in the forthcoming years. In 2018, around 400,000 units of industrial robots were sold in the world. As of 2022, about 385,000 units of industrial robots were shipped worldwide. Also, the prevalence of industrial robots is higher in the Asia Pacific region.
In South Korea, there are over 800 robots per 9,500 manufacturing employees. In addition, growing collaborations and partnerships among automation companies to expand their product portfolios is also predicted to expand the Static Var Generator (SVG) market significantly over the forecast period.
To Know How our Report Can Help Streamline Your Business, Ask an Analyst@ https://www.sdki.us/sample-request-56019
Based on geographical analysis, the Static Var Generator (SVG) market is segmented into five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. These regions are further sub-segmented into the following:
- North America (U.S. & Canada),
- Latin America (Argentina, Mexico, Brazil, Rest of Latin America),
- Europe (U.K., Germany, France, Italy, Spain, Hungary,
- Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe),
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), and the
- Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman],
- North Africa, South Africa, Rest of Middle East and Africa). The Static Var Generator (SVG) market is also segmented by SEGMENTS.
The research report on Static Var Generator (SVG) market further contains in-depth details on the competitors that are operating in the market. Some of the key players mentioned in our report are KEY PLAYERS. The report also contains critical analyses of the competitors and includes SWOT analysis, business strategies, information regarding business partners, and recent developments, among others.
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
- Rongxin Power Electronic
- Mitsubishi Electric
- Sieyuan Electric
- Hangzhou Yinhu Electric
- S&C Electric
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
For more information, please contact:Lauren Brown
Shibuya Data Count
Tel: + 81 50 50509159
For More Related Reports :