Global Gate Bipolar Transistors STATCOM Market Research Report 2022

SKU ID : QYR-21604883

No. of pages : 92

Publishing Date : 05-Sep-2022

STATCOM or Static Synchronous Compensator (STATCOM is also called Static Var Generator, SVG) is a shunt device, which uses force-commutated power electronics (i.e. GTO, IGBT) to control power flow and improve transient stability on electrical power networks. It is also a member of the so-called Flexible AC Transmission System (FACTS) devices. The STATCOM basically performs the same function as the static var compensators but with some advantages.

According to Component, SVG can be divided into GTO type, IGBT type, IGCT type, SCR type, GTR type, MOSFET type. FACTS-based power conversion equipment generally used full-controlled devices, mainly choose GTO, modified GTO (IGBT, MTO, ETO) and (HV) IGBT and other devices.



This report focuses IGBT based STATCOM.

Market Analysis and Insights: Global Gate Bipolar Transistors STATCOM Market

Due to the COVID-19 pandemic, the global Gate Bipolar Transistors STATCOM market size is estimated to be worth US$ 696.7 million in 2022 and is forecast to a readjusted size of US$ 939 million by 2028 with a CAGR of 5.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Low Voltage STATCOM accounting for % of the Gate Bipolar Transistors STATCOM global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Renewable Energy segment is altered to an % CAGR throughout this forecast period.

Europe is the leading production market for Gate Bipolar Transistors STATCOM, accounting for about 40% of the global market, followed by China with about 20%.

Major manufacturers include ABB, Siemens, Rongxin, Hitachi and Mitsubishi Electric, with the top three accounting for about 40%.

Global Gate Bipolar Transistors STATCOM Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Gate Bipolar Transistors STATCOM Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.


Segment by Type


Low Voltage STATCOM

High Voltage STATCOM


Segment by Application


Renewable Energy

Electric Utilities

Industrial & Manufacturing

Others


By Company


ABB

Siemens

Rongxin

Sieyuan Electric

Hitachi

Mitsubishi Electric

S&C Electric

GE

AMSC

Ingeteam

Beijing In-power Electric Co., Ltd

Comsys AB

Merus Power


Production by Region



North America

Europe

China

Japan


Consumption by Region


North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Philippines

Vietnam

Latin America

Mexico

Brazil

Argentina


Frequently Asked Questions



This market study covers the global and regional market with an in-depth analysis of the overall growth prospects...
  • By product type
  • By End User/Applications
  • By Technology
  • By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects including drivers, restraints...
market Reports market Reports