MAJOR:
Damage: With the help of his ultimate, God Strength, Sven is one of the heroes with the highest physical damage output potential in the game. Thanks to Great Cleave you could make this damage AoE, which helps you dominate cluttered engagements.
Control: Storm Hammer is one of the most powerful non-ultimate stuns in the game. It is both targetable (cannot miss the spell) and AoE. The stun is 2 sec even on lvl1 and provides good nuke DMG, which is a big advantage for the laning stage.
Survivability: Thanks to being a STR hero and mainly to the ability Warcry, Sven is a fairly survivable hero. Warcry, however, does not only help Sven - the effect is applied to all allies in an area. This is one of the few spells in the game that could make your whole team harder to kill in team fights.
Scales well with farm, not dependent on it: God Strength, Great Cleave and to a degree Warcry scale very well with items. This means that if you get enough farm with Sven, you could increase your impact greatly and carry the game. At the same time, Warcry and Storm Hammer allow you to be useful even without loads of farm, which is a rare trait in hard carry heroes.
MINOR:
Fast Farmer: The AoE Great Cleave allows Sven to farm at a good rate. The more damage the hero has, the faster he farms. This means that initially, he doesn’t flash farm incredibly; however, the later the game goes, the faster Sven farms.
Flexible: Being able to play both as a support and as a carry and being able to go to most lanes, Sven is a fairly flexible hero. This means that having Sven on your team doesn’t predetermine your strategy and laning, and you could adapt based on the other heroes in the game.