Global Gate Bipolar Transistors STATCOM Market Growth 2023-2029

Global Gate Bipolar Transistors STATCOM Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Gate Bipolar Transistors STATCOM Industry Forecast” looks at past sales and reviews total world Gate Bipolar Transistors STATCOM sales in 2022, providing a comprehensive analysis by region and market sector of projected Gate Bipolar Transistors STATCOM sales for 2023 through 2029. With Gate Bipolar Transistors STATCOM sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gate Bipolar Transistors STATCOM industry.
This Insight Report provides a comprehensive analysis of the global Gate Bipolar Transistors STATCOM landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gate Bipolar Transistors STATCOM portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gate Bipolar Transistors STATCOM market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gate Bipolar Transistors STATCOM and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gate Bipolar Transistors STATCOM.
The global Gate Bipolar Transistors STATCOM market size is projected to grow from US$ 645.8 million in 2022 to US$ 926.5 million in 2029; it is expected to grow at a CAGR of 926.5 from 2023 to 2029.
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%.
This report presents a comprehensive overview, market shares, and growth opportunities of Gate Bipolar Transistors STATCOM market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Low Voltage STATCOM
High Voltage STATCOM
Segmentation by application
Renewable Energy
Electric Utilities
Industrial & Manufacturing
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Siemens
Rongxin
Sieyuan Electric
Hitachi
Mitsubishi Electric
S&C Electric
GE
AMSC
Ingeteam
Beijing In-power Electric Co., Ltd
Comsys AB
Merus Power
Key Questions Addressed in this Report
What is the 10-year outlook for the global Gate Bipolar Transistors STATCOM market?
What factors are driving Gate Bipolar Transistors STATCOM market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Gate Bipolar Transistors STATCOM market opportunities vary by end market size?
How does Gate Bipolar Transistors STATCOM break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.