Market Overview:
The global STATCOM UPS market is expected to grow at a CAGR of XX% and reach a market value of USD XX million by 2030. The key factors driving the growth of the market include the increasing demand for uninterrupted power supply, rising concerns over grid reliability, and growing investments in renewable energy sources. The global STATCOM UPS market is segmented on the basis of type, application, and region. On the basis of type, it is divided into GTO STATCOM and IGBT STATCOM. GTOSTATCOM held a major share in 2017 owing to its advantages such as low losses during switching operations and high power handling capacity. However, IGBTSTATCOM is expected to grow at a higher rate during the forecast period due to its advantages such as fast response time and high efficiency. On the basis of application, it is classified into power substations, automobile industry, oil & gas industry mining sector other sectors). Power substations accounted for majority share in 2017 owing to rising investments in smart grids across various countries worldwide. However; automotive industry is projected to witness highest growth rate during 2018-2030 due increased adoption electric vehicles across different regions.
Product Definition:
STATCOM UPS stands for Static Compensator Uninterruptible Power Supply. STATCOM UPS is a type of uninterruptible power supply that uses a static compensator to provide voltage regulation. STATCOM UPSes are important because they can help to maintain the voltage stability of an electrical grid, which can prevent blackouts and other power problems.
Gate Turn-Off Thyristors (GTO) STATCOM:
Thyristors are electronic components that control the switching of electrical power supplies. They are used in various applications such as motor controls, battery chargers, and other devices. Thyristor is a three-terminal device which has two electrodes ( normally connected to the grids and one to the battery) controlled by an internal switch which can open or close between these two terminals depending upon whether current is flowing or not.
Insulated Gate Bipolar Transistors (IGBT) STATCOM:
Insulated Gate Bipolar Transistors (IGBT) STATCOM.
The global demand for Electric Vehicles (EVs) has increased at a tremendous rate owing to the initiatives taken by governments across various countries to taxenate the use of EVs.
Application Insights:
The power substations segment dominated the global STATCOM UPS market in terms of revenue share in 2017. The growing demand for electric power, particularly in developed economies is expected to drive the product demand at power stations over the forecast period.
Automobile industry was another major application segment and accounted for a significant market share of 23.3% in 2017 owing to increasing vehicle production globally which is likely to increase product penetration over the forecast period. Furthermore, stringent government regulations regarding grid stability that favor battery-operated backup systems are anticipated to augment industry growth over the coming years.
Oil & gas emerged as one of the fastest growing segments with a CAGR of XX% from 2018 to 2030 on account of rising investments by oil & gas companies worldwide for discovering new reserves and enhancing existing operations through modern technologies including automation which will eventually lead towards increased product penetration across this sector during future periods.
Regional Analysis:
North America dominated the global market in terms of revenue in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing demand for power backup systems from various end-use industries, such as manufacturing, healthcare and IT. Moreover, rising penetration of renewable energy sources in countries such as Canada and Mexico is anticipated to drive the regional market further.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period due to rapid industrialization along with growing infrastructure activities across emerging economies including China and India. In addition, rising investments by governments for development of smart cities are expected drive regional growth over next eight years or so.
Growth Factors:
- Increasing demand for uninterrupted power supply from data centers and telecom operators to support the growing volume of data traffic
- Rapid growth in renewable energy sources such as solar and wind, which require fast-acting voltage regulation and frequency control for grid stability
- Proliferation of electric vehicles (EVs) that need reliable charging infrastructure with high power quality
- Aging grid infrastructure in developed countries that can benefit from STATCOM UPS systems to improve system reliability and efficiency
- Emerging markets with growing economies and expanding populations that are installing new electrical grids, which will create opportunities for STATCOM UPS market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
STATCOM UPS Market Research Report
By Type
Gate Turn-Off Thyristors (GTO) STATCOM, Insulated Gate Bipolar Transistors (IGBT) STATCOM
By Application
Power Substations, Automobile Industry, Oil & Gas, Mining, Other
By Companies
General Electric, Bharat Heavy Electricals Limited (BHEL), NR Energy Solutions, ABB India Limited, Crompton Greaves Limited, Schneider Electric, Mitsubishi Electric, Signotron India, Veeral Controls, Power One Micro Systems
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global STATCOM UPS Market Report Segments:
The global STATCOM UPS market is segmented on the basis of:
Types
Gate Turn-Off Thyristors (GTO) STATCOM, Insulated Gate Bipolar Transistors (IGBT) 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
Power Substations, Automobile Industry, Oil & Gas, Mining, Other
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:
- General Electric
- Bharat Heavy Electricals Limited (BHEL)
- NR Energy Solutions
- ABB India Limited
- Crompton Greaves Limited
- Schneider Electric
- Mitsubishi Electric
- Signotron India
- Veeral Controls
- Power One Micro Systems
Highlights of The STATCOM UPS 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:
- Gate Turn-Off Thyristors (GTO) STATCOM
- Insulated Gate Bipolar Transistors (IGBT) STATCOM
- By Application:
- Power Substations
- Automobile Industry
- Oil & Gas
- Mining
- Other
- 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 STATCOM UPS 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
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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?
STATCOM UPS is a type of backup power system that uses solar energy to provide emergency power to critical systems.
Some of the key players operating in the statcom ups market are General Electric, Bharat Heavy Electricals Limited (BHEL), NR Energy Solutions, ABB India Limited, Crompton Greaves Limited, Schneider Electric, Mitsubishi Electric, Signotron India, Veeral Controls, Power One Micro Systems.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. STATCOM UPS 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. STATCOM UPS Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. STATCOM UPS Market - Supply Chain
4.5. Global STATCOM UPS Market Forecast
4.5.1. STATCOM UPS Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. STATCOM UPS Market Size (000 Units) and Y-o-Y Growth
4.5.3. STATCOM UPS Market Absolute $ Opportunity
5. Global STATCOM UPS 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. STATCOM UPS Market Size and Volume Forecast by Type
5.3.1. Gate Turn-Off Thyristors (GTO) STATCOM
5.3.2. Insulated Gate Bipolar Transistors (IGBT) STATCOM
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global STATCOM UPS 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. STATCOM UPS Market Size and Volume Forecast by Application
6.3.1. Power Substations
6.3.2. Automobile Industry
6.3.3. Oil & Gas
6.3.4. Mining
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global STATCOM UPS 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. STATCOM UPS 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 STATCOM UPS 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. STATCOM UPS 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 STATCOM UPS Demand Share Forecast, 2019-2026
9. North America STATCOM UPS 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 STATCOM UPS 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 STATCOM UPS Market Size and Volume Forecast by Application
9.4.1. Power Substations
9.4.2. Automobile Industry
9.4.3. Oil & Gas
9.4.4. Mining
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America STATCOM UPS Market Size and Volume Forecast by Type
9.7.1. Gate Turn-Off Thyristors (GTO) STATCOM
9.7.2. Insulated Gate Bipolar Transistors (IGBT) 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 STATCOM UPS Demand Share Forecast, 2019-2026
10. Latin America STATCOM UPS 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 STATCOM UPS 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 STATCOM UPS Market Size and Volume Forecast by Application
10.4.1. Power Substations
10.4.2. Automobile Industry
10.4.3. Oil & Gas
10.4.4. Mining
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America STATCOM UPS Market Size and Volume Forecast by Type
10.7.1. Gate Turn-Off Thyristors (GTO) STATCOM
10.7.2. Insulated Gate Bipolar Transistors (IGBT) 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 STATCOM UPS Demand Share Forecast, 2019-2026
11. Europe STATCOM UPS 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 STATCOM UPS 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 STATCOM UPS Market Size and Volume Forecast by Application
11.4.1. Power Substations
11.4.2. Automobile Industry
11.4.3. Oil & Gas
11.4.4. Mining
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe STATCOM UPS Market Size and Volume Forecast by Type
11.7.1. Gate Turn-Off Thyristors (GTO) STATCOM
11.7.2. Insulated Gate Bipolar Transistors (IGBT) STATCOM
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market ttractiveness/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 STATCOM UPS Demand Share, 2019-2026
12. Asia Pacific STATCOM UPS 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 STATCOM UPS 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 STATCOM UPS Market Size and Volume Forecast by Application
12.4.1. Power Substations
12.4.2. Automobile Industry
12.4.3. Oil & Gas
12.4.4. Mining
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific STATCOM UPS Market Size and Volume Forecast by Type
12.7.1. Gate Turn-Off Thyristors (GTO) STATCOM
12.7.2. Insulated Gate Bipolar Transistors (IGBT) 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 STATCOM UPS Demand Share, 2019-2026
13. Middle East & Africa STATCOM UPS 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 STATCOM UPS 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 STATCOM UPS Market Size and Volume Forecast by Application
13.4.1. Power Substations
13.4.2. Automobile Industry
13.4.3. Oil & Gas
13.4.4. Mining
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa STATCOM UPS Market Size and Volume Forecast by Type
13.7.1. Gate Turn-Off Thyristors (GTO) STATCOM
13.7.2. Insulated Gate Bipolar Transistors (IGBT) 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 STATCOM UPS Demand Share, 2019-2026
14. Competition Landscape
14.1. Global STATCOM UPS Market: Market Share Analysis
14.2. STATCOM UPS Distributors and Customers
14.3. STATCOM UPS Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bharat Heavy Electricals Limited (BHEL)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. NR Energy Solutions
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ABB India Limited
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Crompton Greaves Limited
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Schneider 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. Mitsubishi 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. Signotron India
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Veeral Controls
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Power One Micro Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
