Market Overview:
The global IGBT States Static Synchronous Compensator (STATCOM) market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy and the growing need for voltage stability and power quality in industrial and 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 ability to provide voltage regulation and harmonic filtering in low-voltage applications. However, with an increase in demand for high-voltage STATCOMs from utility companies, this segment is also projected to grow at a healthy rate during the forecast period.
Product Definition:
A Static Synchronous Compensator (STATCOM) is a device used to improve the power quality of an electrical grid. It does this by regulating the voltage and current in the system. STATCOMs are important because they help to prevent power outages and ensure that equipment runs smoothly.
Low Voltage STATCOM:
The low voltage statcom is a device that helps in increasing the output voltage of an electric power plant. It does this by converting the fluctuations in input voltage to changes in output voltage. The lowvoltage statcom market has been witnessing significant growth over the past few years and this trend is expected to continue over the forecast period owing to its growing demand across various applications such as wind energy, hydroelectricity, solar energy and nuclear power plants among others.
High Voltage STATCOM:
High voltage statcom is a device that regulates the power flow in an electric power system. It helps to smooth out the fluctuations in high voltage systems and thus reduces the risk of damage to electrical components. High-voltage statcoms are used for increasing transmission capacity, reducing congestion on main lines, and stabilizing voltages across multiple substations.
Application Insights:
The electric utilities segment dominated the global IGBT states STATCOM market in terms of revenue share in 2017. Factors such as government support for renewable energy and technological advancements have driven the growth of this segment. For instance, Germany¢â‚¬â„¢s decision to close all its nuclear power plants by 2022 and increase its reliance on renewable sources has compelled manufacturers to establish a manufacturing base in that country. As a result, companies are focusing on developing countries with abundant sunlight like China and India where solar panels can produce maximum electricity.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing region over the forecast period. The regional market is expected to grow from USD X million in 2017 to USD X million by 2030 owing to increasing investments in power generation and distribution infrastructure projects across emerging economies such as China and India.
The European IGBT states static synchronous compensator market was dominated by Germany with a revenue share of 23.6% in 2017 owing high consumption levels of electric vehicles and renewable energy sources across the region in addition to other factors such as aging power infrastructure and growing demand for clean energy sources for which STATCOMs are used extensively for frequency regulation purposes among others).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid deployment of renewable energy sources such as solar and wind power
- Government policies and regulations supporting the use of IGBT States Static Synchronous Compensator technology
- Growing investments in smart grid infrastructure worldwide
- Advances in digital control technologies that improve the performance and reliability of IGBT States Static Synchronous Compensators
Scope Of The Report
Report Attributes
Report Details
Report Title
IGBT States Static Synchronous Compensator 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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global IGBT States Static Synchronous Compensator Market Report Segments:
The global IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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?
An IGBT Static Synchronous Compensator (SSC) is a device that compensates for voltage fluctuations in an electronic system. It helps to maintain the correct voltage levels across the system, preventing damage and ensuring proper operation.
Some of the key players operating in the igbt states static synchronous compensator market are ABB, Siemens, Rongxin, Sieyuan Electric, Hitachi, Mitsubishi‚Â 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. IGBT States Static Synchronous Compensator 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. IGBT States Static Synchronous Compensator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. IGBT States Static Synchronous Compensator Market - Supply Chain
4.5. Global IGBT States Static Synchronous Compensator Market Forecast
4.5.1. IGBT States Static Synchronous Compensator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. IGBT States Static Synchronous Compensator Market Size (000 Units) and Y-o-Y Growth
4.5.3. IGBT States Static Synchronous Compensator Market Absolute $ Opportunity
5. Global IGBT States Static Synchronous Compensator 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. IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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. IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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. IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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. IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator Demand Share Forecast, 2019-2026
9. North America IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator Demand Share Forecast, 2019-2026
10. Latin America IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator Demand Share Forecast, 2019-2026
11. Europe IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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 IGBT States Stati Synchronous Compensator Market Size and Volume Forecast by Type
11.7.1. Low 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 IGBT States Static Synchronous Compensator Demand Share, 2019-2026
12. Asia Pacific IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator Demand Share, 2019-2026
13. Middle East & Africa IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator 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 IGBT States Static Synchronous Compensator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global IGBT States Static Synchronous Compensator Market: Market Share Analysis
14.2. IGBT States Static Synchronous Compensator Distributors and Customers
14.3. IGBT States Static Synchronous Compensator 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
