According to latest Report, The global STATCOM market size stood at USD 603.3 million in 2021. The market is projected to grow from USD 633.3 million in 2022 to USD 941.2 million by 2029, exhibiting a CAGR of 5.8% during the forecast period.
Global Statcom Market By Type (Low Voltage, Medium Voltage, and High Voltage), By End-user (Utility, Railway, Steel Manufacturing, Renewable Energy, and Others), and Regional Forecast, 2022-2029 – Global Industry Size, Trends, Share and Growth Forecast to 2029 report provides comprehensive information on current scenario which includes historical and projected Statcom Market insights. Statcom Market is expected to expand at the highest growth rate by 2029.
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Key Players Insights:
- Mitsubishi Electric.
- ABB
- CG Power and Industrial Solutions Limited
- Ingeteam S.A.
- Jema Energy
- S&C Electric Company
- Schneider Electric
- Siemens
- Toshiba Corporation
- STATCOM market are GE
Statcom Market Industry Competitive Analysis:
- November 2021 – Hitachi Energy rolled out IdentiQ. The product is a type of STATCOM that exhibits the property of the digital twin of the HVDC converter station. Along with 3D interactive visualization, IdentiQ offers all the relevant information on operational data, analytics, assets, and others.
- May 2021 – Siemens Energy announced that it received an order for two static synchronous compensators systems for grid stabilization from Italian transmission system operator Terna. S.p.A. Both the STATCOM systems formed part of the company’s SVC PLUS series and will be constructed in Latina (Lazio region) and Villanova (Abruzzo region). The units will contribute to interconnections between mainland Italy and Sardinia and Montenegro and Italy.
- April 2021 – Amprion commissioned Siem
The Global Statcom Market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
Statcom Market Industry Drivers:
Product Demand to Rise on Account of Frequent Power Outages
The rise of distributed generation
The growth of the smart grid
The changing role of utilities
Industry Segmentations:
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Segmentation |
By Type, End-user, and Region |
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By Type |
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By End-User |
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Some Important Points Answered in this Market Report Are Given Below:
Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
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The report shares key insights on:
- Current market size
- Market forecast
- Market opportunities
- Key drivers and restraints
- Regulatory scenario
- Industry trend
- New product approvals/launch
- Promotion and marketing initiatives
- Pricing analysis
- Competitive landscape
Frequently Asked Questions (FAQs) for Statcom Market Report:
A well-structured report should anticipate and address common questions industry stakeholders might have. Here are some key FAQs to consider including:
- What is the current global energy mix, and how is it expected to change in the future?
- What are the main challenges facing the energy and power industry?
- How are technological advancements impacting the way we generate, transmit, and distribute electricity?
- What role do government policies play in shaping the energy and power landscape?
- What are the potential impacts of climate change on the energy and power industry?
- What is the future of energy prices?
Detailed TOC of Global Statcom Market Report 2024
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Statcom Market Annual Sales
2.1.2 World Current and Future Analysis by Geographic Region2029
2.1.3 World Current and Future Analysis by Country/Region2029
2.2 Statcom Market Segment by Type
2.3 Sales by Type
2.3.1 Global Sales Market Share by Type 2029
2.3.2 Global Statcom Market Revenue and Market Share by Type 2029
2.3.3 Global Sale Price by Type (2017-2023)
2.4 Statcom Market Segment by Applications
2.5 Sales by Application
2.5.1 Global Statcom Market Sale Market Share by Application 2029
2.5.2 Global Statcom Market Revenue and Market Share by Application 2029
2.5.3 Global Statcom Market Sale Price by Application 2029
3 Global Statcom Market by Company
3.1 Global Breakdown Data by Company
3.1.1 Global Statcom Market Annual Sales by Company 2029
3.1.2 Global Statcom Market Sales Market Share by Company 2029
3.2 Global Annual Revenue by Company 2029
3.2.1 Global Statcom Market Revenue by Company 2029
3.2.2 Global Statcom Market Revenue Market Share by Company 2029
3.3 Global Sale Price by Company
3.4 Key Manufacturers Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Statcom Market Product Location Distribution
3.4.2 Players Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.6 New Products and Potential Entrants
3.7 Mergers and Acquisitions, Expansion
4.1 World Historic Statcom Market Size by Geographic Region
4.1.1 Global Annual Sales by Geographic Region
4.1.2 Global Annual Revenue by Geographic Region
4.2 World Historic Statcom Market Size by Country/Region
4.2.1 Global Annual Sales by Country/Region
4.2.2 Global Annual Revenue by Country/Region
4.3 Americas Statcom Market Sales Growth
4.4 APAC Statcom Market Sales Growth
4.5 Europe Sales Growth
4.6 Middle East and Africa Sales Growth
5 Americas
5.1 Americas Sales by Country
5.1.1 Americas Sales by Country
5.1.2 Americas Revenue by Country
5.2 Americas Sales by Type
5.3 Americas Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Statcom Market Sales by Region
6.1.1 APAC Statcom Market Sales by Region
6.1.2 APAC Revenue by Region
6.2 APAC Statcom Market Sales by Type
6.3 APAC Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe by Country
7.1.1 Europe Sales by Country
7.1.2 Europe Revenue by Country
7.2 Europe Sales by Type
7.3 Europe Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East and Africa
8.1 Middle East and Africa by Country
8.1.1 Middle East and Africa Sales by Country
8.1.2 Middle East and Africa Statcom Market Revenue by Country
8.2 Middle East and Africa Statcom Market Sales by Type
8.3 Middle East and Africa Statcom Market Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Growth Opportunities
9.2 Market Challenges and Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis
10.3 Manufacturing Process Analysis
10.4 Industry Chain Structure
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Statcom Market Distributors
11.3 Statcom Market Customer
12 World Forecast Review for Statcom Market by Geographic Region
12.1 Global Statcom Market Size Forecast by Region
12.1.1 Global Statcom Market Forecast by Region
12.1.2 Global Statcom Market Annual Revenue Forecast by Region
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East and Africa Forecast by Country
12.6 Global Statcom Market Forecast by Type
12.7 Global Statcom Market Forecast by Application
13 Key Players Analysis
13.1.1 Company Information
13.1.2 Statcom Market Product Offered
13.1.3 Statcom Market Sales, Revenue, Price and Gross Margin
13.1.4 Main Business Overview
13.1.5 Latest Developments
Continued….
TOC continued …
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