Thyristor Switched Reactor and Capacitor (TSR and TSC) Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 2.5 Billion by 2033, growing at a CAGR of 9.5% from 2026 to 2033.
The South Korea Thyristor Switched Reactor (TSR) and Capacitor (TSC) market has witnessed remarkable growth in recent years, driven by the increasing need for efficient power quality management and grid stability. The TSR and TSC devices are critical components used in modern power systems, particularly for industrial applications, where managing reactive power and ensuring voltage stability are vital for the optimal performance of electrical equipment.
The Thyristor Switched Reactor (TSR) is a type of equipment used to control the reactive power in the electrical grid. TSRs help in maintaining the power factor at an optimal level, reducing the risk of electrical disturbances and improving energy efficiency. On the other hand, Capacitors (TSC) are used to supply reactive power to the grid, thereby improving voltage stability. In combination, these devices work synergistically to enhance the stability and efficiency of the power systems in South Korea.
Industries in South Korea, such as steel, automotive, chemicals, and manufacturing, have increasingly adopted TSR and TSC systems to enhance power quality and ensure uninterrupted production. For example, in steel manufacturing, where large induction motors are used, maintaining the correct power factor is critical for preventing equipment failures and energy wastage. As these industries continue to expand, the demand for high-quality power management systems, including TSR and TSC devices, will only grow.
The primary drivers of this market in South Korea include the country’s rapidly advancing industrial landscape and its strong push toward smart grid technologies. South Korea’s commitment to reducing carbon emissions and optimizing energy usage has led to an increased focus on efficient power solutions. Additionally, the integration of renewable energy sources into the grid, such as solar and wind, has created a more dynamic and unpredictable power supply, further highlighting the need for TSR and TSC devices to maintain grid stability.
Another key factor is the rise of energy-intensive sectors, which require sophisticated voltage control to prevent disruptions. The integration of advanced digital technologies has also increased the efficiency of TSR and TSC systems, making them more attractive to industrial players. These devices now come equipped with advanced monitoring and control systems that allow real-time adjustments, ensuring maximum efficiency in power management.
As industries in South Korea continue to modernize their electrical infrastructure, the Thyristor Switched Reactor and Capacitor (TSR and TSC) market is poised for significant growth. With the increasing complexity of the electrical grid and the demand for sustainable energy solutions, these devices are expected to play a central role in shaping the future of power management in South Korea.
Get an In-Depth Research Analysis of the South Korea Thyristor Switched Reactor and Capacitor (TSR and TSC) Market Size And Forecast [2025-2032]
Â
ABB
Siemens
GE
Mitsubishi Electric
Alstom
EPRLAB
Tianjin Jingwei Huikai Optoelectronic
Hada Electric
AB Power System
Electronicon Kondensatoren GmbH
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the South Korea Thyristor Switched Reactor and Capacitor (TSR and TSC) Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Thyristor Switched Reactor and Capacitor (TSR and TSC) Market
Renewable Energy Sources
Conventional Power Plants
Fixed TSR
Automatic TSR
Low Voltage (up to 1 kV)
Medium Voltage (1 kV - 36 kV)
High Voltage (above 36 kV)
Grid Operators
Renewable Energy Integrators
Digital Control Techniques
Real-Time Monitoring and Control Systems
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Thyristor Switched Reactor and Capacitor (TSR and TSC) Market Research Analysis
1. Introduction of the South Korea Thyristor Switched Reactor and Capacitor (TSR and TSC) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Thyristor Switched Reactor and Capacitor (TSR and TSC) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Thyristor Switched Reactor and Capacitor (TSR and TSC) Market, By Type
6. South Korea Thyristor Switched Reactor and Capacitor (TSR and TSC) Market, By Application
7. South Korea Thyristor Switched Reactor and Capacitor (TSR and TSC) Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Thyristor Switched Reactor and Capacitor (TSR and TSC) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/