Reactive power compensation device is an important equipment used to improve power factor, reduce line loss and improve voltage quality in power system. Reactive power compensation device according to the working principle and technical characteristics, mainly divided into traditional reactive power compensation (reactor, capacitor, synchronous camera),SVC(static var compensator) andSVG(static var generator) three types. Different types of reactive power compensation devices have different performance and application range, so there are different needs and competition in the market.

According to data from the Champ Consulting Group,2022China's reactive power compensation device market size reached420Billion yuan, of which high-voltage parallel reactive compensation accounted for about38%，SVCProportion28%，SVGProportion25%The rest are traditional reactive power compensation and other types.

So,2023How will the market share of China's reactive power compensation device industry change? What factors affect this change? This article will analyze the following aspects:

1. the development needs of the power industry

The power industry is the main downstream application field of the reactive power compensation device industry, and its development level and demand scale directly affect the market space of the reactive power compensation device industry. According to data from the Champ Consulting Group,2022China's power generation reached 8.64Trillion kWh, up 3.6 percent year-on-year, of which thermal power generation accounts for about 51.8 per centHydropower accounts for about 19.1 per cent of the electricity generation.Nuclear energy accounts for about 6.4 per cent of electricity generation.Wind power accounts for about 10.7 percent.，太阳能发电量占比约11.9%。expected2023年底，我国发电量将达到9.2Trillion kWh, year-on-year growth8.2%。

With the rapid development of China's economy and society, the demand for power resources will continue to grow, especially after the carbon peak and carbon neutral targets are put forward in the 14th Five-Year Plan, China will speed up the development and utilization of clean energy and promote the optimization and adjustment of energy structure. This will bring greater market demand for the reactive power compensation device industry. On the one hand, with the expansion of the scale of the power system and the improvement of the voltage level, the reactive power compensation device will play a more important role in the power grid, improve the stability and reliability of the power grid, and reduce the line loss and operating costs. On the other hand, with the rapid growth of new energy, reactive power compensation devices will play a more important role in the field of new energy power generation, solve the technical problems of new energy access to the grid, and improve the efficiency and quality of new energy power generation.

according to the prediction of the champ consulting group,2023The market size of China's reactive power compensation device industry will reach about500Billion yuan, year-on-year growth25%. Among them, the power industry will be the main market for the reactive power compensation device industry, accounting for about80%。

Rapid growth of new energy in 2.

New energy refers to renewable energy such as wind energy, solar energy, biomass energy, geothermal energy, ocean energy, and clean energy such as nuclear energy. New energy has the characteristics of clean, low-carbon and renewable, which is an important support for China to achieve the goal of carbon peak and carbon neutrality. According to data from the Champ Consulting Group,2022China's renewable energy power generation capacity exceeded 12Billion kilowatts, up 24.8 percent year-on-year, accounting for 47.3 percent of the country's installed power generation capacity. Among them, the installed capacity of wind power generation reached 3.65Billion kilowatts, up 17.7 percent year-on-year, accounting for 14.2 percent of the country's installed power generation capacityThe installed capacity of solar power generation reaches 3.93Billion kilowatts, up 51.2 percent year-on-year, accounting for 15.3 percent of the country's installed power generation capacity。expected2023By the end of the year, China's new energy power generation capacity will reach12Billion kilowatts, year-on-year growth25%, accounting for the country's installed power generation capacity28%。

New energy power generation has the characteristics of intermittent, instability and randomness, which brings great challenges to the operation of power grid. In order to ensure the smooth access and effective use of new energy power generation, it is necessary to use reactive power compensation devices to regulate the reactive power of new energy power stations, improve their power factor, improve their output waveform and harmonic content, and reduce their impact on the power grid. Reactive power compensation device has a wide application prospect in the field of new energy power generation.

according to the prediction of the champ consulting group,2023The market size of China's reactive power compensation devices in the field of new energy power generation will reach about80Billion yuan, year-on-year growth33%. Among them, the wind power generation sector will be the main market for reactive power compensation devices in the field of new energy power generation, accounting for approximately60%。

Construction and Promotion of 3. Smart Grid

Smart grid refers to the use of advanced information and communication technology, control technology, computing technology, etc. to transform and upgrade the traditional power grid to realize the automation, intelligence, interaction and comprehensive optimization of the power system. Smart grid is an important way to realize the modern power grid system with high efficiency and energy saving, low carbon environmental protection, safety and reliability, and economic rationality. According to data from the Champ Consulting Group,2021China's smart grid construction has achieved remarkable results, the total length of the country's transmission lines reached.140Ten thousand kilometers, year-on-year growth7.7%, in which500The total length of UHV transmission and transformation lines of kV and above shall reach14Ten thousand kilometers, year-on-year growth8.9%; The number of smart meters installed nationwide reached6.5Billion, year-on-year growth10.4%, accounting for the total amount of electricity meters in the country95%. expected2023By the end of the year, China's smart grid construction will be further accelerated, the total length of the national transmission lines will reach150Ten thousand kilometers, of which the total length of UHV transmission lines will reach16万公里；全国智能电表安装数量将达到7亿只，占全国电表总量的98%。

智能电网的建设推进将为无功补偿装置行业带来更多的机遇和挑战。一方面，智能电网的建设需要大量的无功补偿装置来提高电网的灵活性和可控性，实现电网的优化调度和管理。另一方面，智能电网的建设也提高了无功补偿装置的技术要求和性能标准，需要无功补偿装置具有更高的响应速度、控制精度、通信能力和智能化水平。

according to the prediction of the champ consulting group,2023年全年中国无功补偿装置在智能电网领域的市场规模将达到约60Billion yuan, year-on-year growth20%。其中，特高压输变电领域将是无功补偿装置在智能电网领域的主要市场，占比约70%。

四、技术创新和产品升级

技术创新和产品升级是无功补偿装置行业的核心驱动力，也是无功补偿装置行业保持竞争优势和市场地位的关键因素。随着无功补偿装置行业的发展和用户需求的变化，无功补偿装置的技术和产品也在不断进步和完善。从技术上看，无功补偿装置从传统的无源型向主动型转变，从模拟控制向数字控制转变，从单一功能向多功能转变，从单点控制向网络控制转变。从产品上看，无功补偿装置从单一类型向多元化类型发展，从低压向高压发展，从大型向小型发展，从固定式向移动式发展。

技术创新和产品升级将影响无功补偿装置行业的市场份额分布和竞争格局。一方面，技术创新和产品升级将提高无功补偿装置的性能和效益，扩大其应用范围和市场需求。另一方面，技术创新和产品升级也将加剧无功补偿装置行业的竞争和淘汰，促进无功补偿装置行业的优胜劣汰和结构调整。

据尚普咨询集团分析，2023年中国无功补偿装置行业将呈现出以下几个技术创新和产品升级的趋势：

SVG将成为市场增长的主力。SVG是一种基于逆变器技术的主动型无功补偿装置，具有响应速度快、控制精度高、谐波抑制能力强、体积小、可靠性高等优点。SVG在工业、商业、交通、通信等领域有着广泛的应用前景。据尚普咨询集团预测，2023年全年中国SVG市场规模将达到约150Billion yuan, year-on-year growth50%，占无功补偿装置市场份额的30%。

高压并联无功补偿将保持稳定增长。高压并联无功补偿是一种基于电容器和电抗器的无源型无功补偿装置，具有成本低、维护简单、可靠性高等优点。高压并联无功补偿在电力系统中有着重要的作用，主要用于提高电网的输送能力和稳压能力。据尚普咨询集团预测，2023年全年中国高压并联无功补偿市场规模将达到约200Billion yuan, year-on-year growth20%，占无功补偿装置市场份额的40%。

SVC将面临挑战和机遇。SVC是一种基于晶闸管技术的主动型无功补偿装置，具有响应速度快、控制精度高、谐波抑制能力强等优点。SVC在电力系统中有着重要的作用，主要用于提高电网的动态稳定性和暂态稳定性。然而，SVC也存在着成本高、体积大、可靠性低等缺点，面临着SVG等新型无功补偿装置的竞争和替代。据尚普咨询集团预测，2023年全年中国SVC市场规模将达到约100Billion yuan, year-on-year growth10%，占无功补偿装置市场份额的20%。

五、政策支持和市场竞争

政策支持和市场竞争是无功补偿装置行业的外部环境因素，也是无功补偿装置行业的发展机遇和挑战。政策支持是指国家和地方政府对无功补偿装置行业的扶持和鼓励，主要包括法律法规、标准规范、财政资金、税收优惠、项目招标等方面。市场竞争是指无功补偿装置行业内部和外部的竞争压力，主要包括产品质量、技术水平、价格策略、服务能力、品牌影响等方面。

政策支持和市场竞争将影响无功补偿装置行业的发展速度和方向。一方面，政策支持将为无功补偿装置行业提供有利的发展条件和保障，促进无功补偿装置行业的规范化和标准化，激励无功补偿装置行业的创新和进步。另一方面，市场竞争将为无功补偿装置行业带来更大的发展动力和挑战，促进无功补偿装置行业的优化和升级，提高无功补偿装置行业的效率和效益。

据尚普咨询集团分析，2023年中国无功补偿装置行业将受到以下几个政策支持和市场竞争的影响：

国家将加大对清洁能源发展的政策支持力度，推动风能、太阳能等新能源发电项目的建设和运营，为无功补偿装置在新能源发电领域提供更多的市场机会。

国家将加快制定和完善相关的法律法规和标准规范，规范无功补偿装置行业的市场准入和监管，提高无功补偿装置的质量和安全，保障无功补偿装置的正常运行和维护。

国家将加大对智能电网建设的财政资金和税收优惠的支持力度，推动智能电网项目的实施和运行，为无功补偿装置在智能电网领域提供更多的市场机会。

无功补偿装置行业将面临来自国内外的激烈竞争，无功补偿装置企业将加大对产品质量、技术水平、价格策略、服务能力、品牌影响等方面的投入和改进，提高无功补偿装置的市场竞争力和占有率。

To sum up,2023年中国无功补偿装置行业将受到电力行业的发展需求、新能源的快速增长、智能电网的建设推进、技术创新和产品升级、政策支持和市场竞争等多方面的影响，市场份额将呈现出高压并联无功补偿、SVCandSVG三足鼎立的格局，其中SVG将有望成为市场增长的主力。尚普咨询认为，无功补偿装置行业将迎来一个快速发展和变革的时期，无功补偿装置企业应该抓住机遇，应对挑战，不断创新和进步，提高无功补偿装置的性能和效益，为我国电力系统的稳定运行和清洁发展做出贡献。