Global Static Synchronous Compensator (STATCOM) Market Growth 2023-2029

Global Static Synchronous Compensator (STATCOM) Market Growth 2023-2029

LPI (LP Information)' newest research report, the “Static Synchronous Compensator (STATCOM) Industry Forecast” looks at past sales and reviews total world Static Synchronous Compensator (STATCOM) sales in 2022, providing a comprehensive analysis by region and market sector of projected Static Synchronous Compensator (STATCOM) sales for 2023 through 2029. With Static Synchronous Compensator (STATCOM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Static Synchronous Compensator (STATCOM) industry.

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Static Synchronous Compensator (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 Static Synchronous Compensator (STATCOM).

The global Static Synchronous Compensator (STATCOM) market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Static Synchronous Compensator (STATCOM) is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Static Synchronous Compensator (STATCOM) is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Static Synchronous Compensator (STATCOM) is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Static Synchronous Compensator (STATCOM) players cover ABB, Siemens, Rongxin, Hitachi, Mitsubishi Electric, S&C Electric, GE, Sieyuan Electric and AMSC, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Static Synchronous Compensator (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
Hitachi
Mitsubishi Electric
S&C Electric
GE
Sieyuan Electric
AMSC
Ingeteam
Comsys AB
Beijing In-power Electric Co., Ltd
Merus Power

Key Questions Addressed in this Report

What is the 10-year outlook for the global Static Synchronous Compensator (STATCOM) market?

What factors are driving Static Synchronous Compensator (STATCOM) market growth, globally and by region?

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

How do Static Synchronous Compensator (STATCOM) market opportunities vary by end market size?

How does Static Synchronous Compensator (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.