Static Synchronous Compensator (STATCOM) Market, Global Outlook and Forecast 2024-2031
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). This report contains market size and forecasts of Static Synchronous Compensator (STATCOM) in global, including the following market information:
Global Static Synchronous Compensator (STATCOM) Market Revenue, 2019-2024, 2024-2029, ($ millions)
Global Static Synchronous Compensator (STATCOM) Market Sales, 2019-2024, 2024-2029, (K Units)
Global top five Static Synchronous Compensator (STATCOM) companies in 2023 (%)
The global Static Synchronous Compensator (STATCOM) market was valued at US$ million in 2023 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2023, While China is Forecast to Reach $ Million.
Low Voltage STATCOM Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Static Synchronous Compensator (STATCOM) include ABB, Siemens, Rongxin, Hitachi, Mitsubishi Electric, S&C Electric, GE, Sieyuan Electric and AMSC, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Static Synchronous Compensator (STATCOM) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Static Synchronous Compensator (STATCOM) Market, by Type, 2019-2024, 2024-2029 ($ Millions) & (K Units)
Global Static Synchronous Compensator (STATCOM) Market Segment Percentages, by Type, 2023 (%)
Low Voltage STATCOM
High Voltage STATCOM
Global Static Synchronous Compensator (STATCOM) Market, by Application, 2019-2024, 2024-2029 ($ Millions) & (K Units)
Global Static Synchronous Compensator (STATCOM) Market Segment Percentages, by Application, 2023 (%)
Renewable Energy
Electric Utilities
Industrial & Manufacturing
Others
Global Static Synchronous Compensator (STATCOM) Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions) & (K Units)
Global Static Synchronous Compensator (STATCOM) Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Static Synchronous Compensator (STATCOM) revenues in global market, 2019-2024 (Estimated), ($ millions)
Key companies Static Synchronous Compensator (STATCOM) revenues share in global market, 2023 (%)
Key companies Static Synchronous Compensator (STATCOM) sales in global market, 2019-2024 (Estimated), (K Units)
Key companies Static Synchronous Compensator (STATCOM) sales share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Siemens
Rongxin
Hitachi
Mitsubishi Electric
S&C Electric
GE
Sieyuan Electric
AMSC
Ingeteam
Comsys AB
Beijing In-power Electric Co., Ltd
Merus Power
Outline of Major Chapters:
Chapter 1: Introduces the definition of Static Synchronous Compensator (STATCOM), market overview.
Chapter 2: Global Static Synchronous Compensator (STATCOM) market size in revenue and volume.
Chapter 3: Detailed analysis of Static Synchronous Compensator (STATCOM) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Static Synchronous Compensator (STATCOM) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: 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, recent development, etc.
Chapter 8: Global Static Synchronous Compensator (STATCOM) capacity by region & country.
Chapter 9: 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 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
