Global STATCOM Systems Market Growth 2024-2030

Global STATCOM Systems Market Growth 2024-2030

SVG is also called STATCOM 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. Due to the huge advantages of IGCT type, the Static Var Generator (SVG) in the market is basically based on IGCT technology.

The global STATCOM Systems market size is projected to grow from US$ 916 million in 2024 to US$ 1205 million in 2030; it is expected to grow at a CAGR of 4.7% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “STATCOM Systems Industry Forecast” looks at past sales and reviews total world STATCOM Systems sales in 2023, providing a comprehensive analysis by region and market sector of projected STATCOM Systems sales for 2024 through 2030. With STATCOM Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world STATCOM Systems industry.

This Insight Report provides a comprehensive analysis of the global STATCOM Systems 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 STATCOM Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global STATCOM Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for STATCOM Systems 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 STATCOM Systems.

United States market for STATCOM Systems is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for STATCOM Systems is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for STATCOM Systems is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key STATCOM Systems players cover Hitachi, Siemens, Windsun Science Technology, Liaoning Rongxin Xingye Power, Sieyuan Electric, etc. In terms of revenue, the global two largest companies occupied for a share nearly

% in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of STATCOM Systems market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
High Voltage STATCOM
Low Voltage STATCOM

Segmentation by Application:
Electric Utilities
Renewable Energy
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 analysing the company's coverage, product portfolio, its market penetration.
Hitachi
Siemens
Windsun Science Technology
Liaoning Rongxin Xingye Power
Sieyuan Electric
TBEA
Mitsubishi Electric
GE
Nari Technology
Shandong Taikai Power Electronic
Shenzhen Hopewind Electric
American Superconductor
Ingeteam
Beijing In-power Electric

Key Questions Addressed in this Report

What is the 10-year outlook for the global STATCOM Systems market?

What factors are driving STATCOM Systems market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do STATCOM Systems market opportunities vary by end market size?

How does STATCOM Systems break out by Type, by Application?

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