Market Overview:
The global gate bipolar transistor (GBT) STATCOM market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy and the growing need for voltage stability in electric utilities and industrial & manufacturing applications. The low voltage STATCOM segment is expected to account for the majority of the market share during the forecast period, owing to its widespread adoption in renewable energy applications. However, high voltage STATCOMs are also witnessing increasing demand due their ability to stabilize voltages at higher levels. Asia Pacific is expected to be the fastest-growing region during the forecast period, followed by Europe and North America.
Product Definition:
A Gate Bipolar Transistor STATCOM (G-BTSC) is a Static Compensator that uses a pair of Gate Bipolar Transistors (GBTs) to provide current control and voltage regulation in an AC system. The G-BTSC has the ability to rapidly respond to changes in load and improve power quality.
Low Voltage STATCOM:
The global low voltage STATCOM market size was valued at USD 1.6 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for energy-efficient systems across various sectors such as industrial, residential, and commercial is anticipated to drive the industry growth over the next seven years.
High Voltage STATCOM:
High voltage STATCOM is a special type of superconducting magnet which has been developed for nuclear magnetic resonance (NMR) applications. It consists of an electrical transformer, a high voltage power supply and the NMR machine. The primary difference between High Voltage STTSC and Low Voltage STTSC is that in the former there are no external magnetic fields present to cause Zeeman splitting whereas in low voltage sttsc there are external magnetic fields present to cause Zeeman splitting.
Application Insights:
The renewable energy segment dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing government support for various solar and wind power projects across countries such as China, India, Germany, etc. Increasing investments by companies such as Apple Inc., Samsung Electronics Co., Ltd., etc. in R&D activities related to Statcom is also contributing significantly towards growth of this segment. For instance, In January 2018; Apple Inc invested USD 200 million in a Taiwan Semiconductor Manufacturing Co Ltd plant for developing advanced semiconductors and associated technology for future products including wearable devices and autonomous cars with high efficiency motors driving system chipsets that use less power than conventional systems while providing enhanced performance capabilities.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to rising investments in renewable energy, electric utilities, and industrial & manufacturing sectors. Furthermore, favorable government policies such as “Make in India†initiative by the Indian government are expected to create ample opportunities for industry players over the next eight years.
The European market is anticipated to witness significant growth during the forecast period owing to increasing demand for STATCOMs from several industries including oil & gas; petrochemicals; refining; metal processing; power generation; others. In addition, growing emphasis on reducing carbon footprint by replacing old fossil-fuel based generators with clean energy sources such as wind and solar will drive product demand further. North America accounted for a significant share of revenue generated by STATCOM globally due to high penetration of wind farms along with other renewable energy projects across U.S.
Growth Factors:
- Gate Bipolar Transistors STATCOM market is driven by the increasing demand for energy efficiency and renewable energy sources.
- The Gate Bipolar Transistors STATCOM market is driven by the growing need to stabilize voltage and frequency fluctuations in power grids.
- The Gate Bipolar Transistors STATCOM market is driven by the increasing demand for electric vehicles and hybrid vehicles.
- The Gate Bipolar Transistors STATCOM market is driven by the growing demand for data centers and telecommunications infrastructure worldwide .
Scope Of The Report
Report Attributes
Report Details
Report Title
Gate Bipolar Transistors STATCOM Market Research Report
By Type
Low Voltage STATCOM, High Voltage STATCOM
By Application
Renewable Energy, Electric Utilities, Industrial & Manufacturing, Others
By Companies
ABB, Siemens, Rongxin, Sieyuan Electric, Hitachi, Mitsubishi Electric, S&C Electric, GE, AMSC, Ingeteam, Beijing In-power Electric Co., Ltd, Comsys AB, Merus Power
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Gate Bipolar Transistors STATCOM Market Report Segments:
The global Gate Bipolar Transistors STATCOM market is segmented on the basis of:
Types
Low Voltage STATCOM, High Voltage STATCOM
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Renewable Energy, Electric Utilities, Industrial & Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- Rongxin
- Sieyuan Electric
- Hitachi
- Mitsubishi Electric
- S&C Electric
- GE
- AMSC
- Ingeteam
- Beijing In-power Electric Co., Ltd
- Comsys AB
- Merus Power
Highlights of The Gate Bipolar Transistors STATCOM Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Voltage STATCOM
- High Voltage STATCOM
- By Application:
- Renewable Energy
- Electric Utilities
- Industrial & Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gate Bipolar Transistors STATCOM Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A STATCOM is a type of bipolar transistor that can be used to control the power output of a transmitter or receiver.
Some of the major companies in the gate bipolar transistors statcom market are ABB, Siemens, Rongxin, Sieyuan Electric, Hitachi, Mitsubishi Electric, S&C Electric, GE, AMSC, Ingeteam, Beijing In-power Electric Co., Ltd, Comsys AB, Merus Power.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gate Bipolar Transistors STATCOM Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Gate Bipolar Transistors STATCOM Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Gate Bipolar Transistors STATCOM Market - Supply Chain
4.5. Global Gate Bipolar Transistors STATCOM Market Forecast
4.5.1. Gate Bipolar Transistors STATCOM Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Gate Bipolar Transistors STATCOM Market Size (000 Units) and Y-o-Y Growth
4.5.3. Gate Bipolar Transistors STATCOM Market Absolute $ Opportunity
5. Global Gate Bipolar Transistors STATCOM Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Type
5.3.1. Low Voltage STATCOM
5.3.2. High Voltage STATCOM
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Gate Bipolar Transistors STATCOM Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Application
6.3.1. Renewable Energy
6.3.2. Electric Utilities
6.3.3. Industrial & Manufacturing
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Gate Bipolar Transistors STATCOM Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Gate Bipolar Transistors STATCOM Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Gate Bipolar Transistors STATCOM Demand Share Forecast, 2019-2026
9. North America Gate Bipolar Transistors STATCOM Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Application
9.4.1. Renewable Energy
9.4.2. Electric Utilities
9.4.3. Industrial & Manufacturing
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Type
9.7.1. Low Voltage STATCOM
9.7.2. High Voltage STATCOM
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Gate Bipolar Transistors STATCOM Demand Share Forecast, 2019-2026
10. Latin America Gate Bipolar Transistors STATCOM Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Application
10.4.1. Renewable Energy
10.4.2. Electric Utilities
10.4.3. Industrial & Manufacturing
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Type
10.7.1. Low Voltage STATCOM
10.7.2. High Voltage STATCOM
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Gate Bipolar Transistors STATCOM Demand Share Forecast, 2019-2026
11. Europe Gate Bipolar Transistors STATCOM Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Application
11.4.1. Renewable Energy
11.4.2. Electric Utilities
11.4.3. Industrial & Manufacturing
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Type
11.7.1. ow Voltage STATCOM
11.7.2. High Voltage STATCOM
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Gate Bipolar Transistors STATCOM Demand Share, 2019-2026
12. Asia Pacific Gate Bipolar Transistors STATCOM Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Application
12.4.1. Renewable Energy
12.4.2. Electric Utilities
12.4.3. Industrial & Manufacturing
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Type
12.7.1. Low Voltage STATCOM
12.7.2. High Voltage STATCOM
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Gate Bipolar Transistors STATCOM Demand Share, 2019-2026
13. Middle East & Africa Gate Bipolar Transistors STATCOM Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Application
13.4.1. Renewable Energy
13.4.2. Electric Utilities
13.4.3. Industrial & Manufacturing
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Gate Bipolar Transistors STATCOM Market Size and Volume Forecast by Type
13.7.1. Low Voltage STATCOM
13.7.2. High Voltage STATCOM
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Gate Bipolar Transistors STATCOM Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Gate Bipolar Transistors STATCOM Market: Market Share Analysis
14.2. Gate Bipolar Transistors STATCOM Distributors and Customers
14.3. Gate Bipolar Transistors STATCOM Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rongxin
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sieyuan Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hitachi
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. S&C Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GE
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AMSC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ingeteam
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Beijing In-power Electric Co., Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Comsys AB
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Merus Power
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook