Global Static Synchronous Compensator (STATCOM) Market Report, History and Forecast 2018-2029

Global Static Synchronous Compensator (STATCOM) Market Report, History and Forecast 2018-2029

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Static Synchronous Compensator (STATCOM) was estimated at US$ 857.77 million in the year 2022, is projected to reach a revised size of US$ 1.19 billion by 2029, growing at a CAGR of 4.59% during the forecast period 2023-2029.

North American market for Static Synchronous Compensator (STATCOM) was valued at $ 93.41 million in 2022 and will reach $ 114.45 million by 2029, at a CAGR of 2.87% during the forecast period of 2023 through 2029.

Asia-Pacific market for Static Synchronous Compensator (STATCOM) was valued at $ 634.14 million in 2022 and will reach $ 936.94 million by 2029, at a CAGR of 5.46% during the forecast period of 2023 through 2029.

Europe market for Static Synchronous Compensator (STATCOM) was valued at $ 103.69 million in 2022 and will reach $ 108.36 million by 2029, at a CAGR of 0.89% during the forecast period of 2023 through 2029.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Static Synchronous Compensator (STATCOM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Static Synchronous Compensator (STATCOM).

The Static Synchronous Compensator (STATCOM) market size, estimations, and forecasts are provided in terms of sales volume (Mvar) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Static Synchronous Compensator (STATCOM) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Static Synchronous Compensator (STATCOM) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. Major players help the readers to identify the main competitors and deeply understand the competition pattern of the market.

Market Segmentation

This report covers the Static Synchronous Compensator (STATCOM) segments by manufacturers, by Type, by Application, by region and country, and provides market size (value, volume and average price) and CAGR for the history and forecast period (2018-2022, 2023-2029), considering 2022 as the base year. It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.

By Company

Hitachi, Ltd.

Siemens Aktiengesellschaft

Windsun Science Technology Co., Ltd.

Liaoning Rongxin Xingye Power Technology Co., Ltd.

Sieyuan Electric Co., Ltd.

TBEA Co., Ltd.

Mitsubishi Electric Corporation

General Electric

Nari Technology Co., Ltd.

Shandong Taikai Power Electronic Co., Ltd.

Shenzhen Hopewind Electric Co., Ltd.

American Superconductor Corporation

Ingeteam Inc.

Beijing In-power Electric Co., Ltd.

Segment by Type

Low Voltage STATCOM

High Voltage STATCOM

Segment by Application

Renewable Energy

Electric Utilities

Industrial & Manufacturing

Others

By Region

North America

United States

Canada

Asia-Pacific

China

Japan

Korea

India

Others

Europe

Germany

France

U.K.

Russia

Italy

Others

Latin America

Mexico

Brazil

Argentina

Others

Middle East & Africa

Core Chapters

Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter Two: Detailed analysis of Static Synchronous Compensator (STATCOM) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter Three: Sales, revenue of Static Synchronous Compensator (STATCOM) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.

Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, etc.

Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter Twelve: Analysis of sales channel, distributors and customers.

Chapter Thirteen: Research Findings and Conclusion.