“…The use of static VAr compensators (SVCs) with different topologies has been widely adopted in power networks for either economical [1][2][3] or technical [4][5][6][7] reasons due to their reliable and cost effective characteristics among other types of flexible alternating current transmission systems (FACTS) devices. 8 Application purposes of SVCs cover reactive power compensation, voltage regulation, load balancing, inter-area oscillation damping, and voltage stability enhancement, [9][10][11][12][13][14][15][16][17] and different control principles exist for these purposes. 16,18,19 In a special report, 20 the shunt compensation devices, particularly the SVCs, are shown to have the largest market share among other FACTS devices with 77%, in implementation around the world being $1.067 billion by 2018, with a compound annual growth rate of 7.11% since 2011.…”