Currently, power quality reduction resulting from harmonic wave and reactive power in China’s electrical power system has become the most prominent problem of China’s power grid, so more and more attention has been paid to harmonic suppression and reactive power compensation as effective measures to improve power quality. Especially with the implementation of energy conservation and emission reduction policy going deep and the gradual acceleration of smart power grid construction, the scale of the whole reactive power compensation device market is enlarging rapidly, and product quantity and quality have also been improved drastically; meanwhile there are more demands for reactive power compensation devices in many fields.
Among domestic enterprises, Rongxin Power Electronic Co., Ltd., C-EPRI Science & Technology Group Company and Sieyuan Electric Co., Ltd. enjoy higher popularity in the field of dynamic reactive power compensation. The above-mentioned companies have advantages in TCR-SVC and SVG fields, but no mature technologies in MCSR-SVC. Qingdao Evercontaining Electric Co. Ltd., Shandong Tai Kai Power Electronic Co., Ltd., Beijing Soundpower Science & Technology Co., Ltd. and Shandong Disheng Electron Co., Ltd. also have certain popularity.
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In 2013, CNY 371.7 billion was invested in nationwide power supply, a year-on-year drop of 1.46%; CNY 389.4 billion was pooled into nationwide power grid construction, an increase of 5.44% year-on-year; the two parts totaled CNY 761.1 billion, a rise of 1.96% year-on-year. Driven by electric power investment, reactive power compensation device industry ushered a rapid growth. Total industrial output value registered CNY 38.58 billion, sales revenue generated CNY 37.84 billion, profit of the industry totaled CNY 2.25 billion with an increase of 8.6% year-on-year in 2013.
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The scale of China reactive power compensation device market has reached CNY 48.763 billion in 2013. It is predicted that potential market demand for SVC in China is worth more than CNY 10 billion yearly along with increasing demand for reactive power compensation devices in downstream market.
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