STATCOM or static synchronous compensator is a power electronic device using force commutated devices like GTO, IGBT etc. to regulate the reactive power flow through a power network and thereby increasing the stability of power network. STATCOM is a shunt device i.e. it is allied in shunt with the line. A Static Synchronous Compensator (STATCOM) is also known as a Static Synchronous Condenser (STATCON). It is a member of the Flexible AC Transmission System (FACTS) family of devices. Usually a STATCOM is mounted to support electrical networks that have a poor power factor and often poor voltage regulation. The most common use of STATCOM is for voltage stability. A STATCOM is a voltage source converter (VSC) based device, with the voltage source behind a reactor.
Voltage stability is one of the biggest problems in power
systems. Engineers and researchers are trying to consolidate a definition
regarding to voltage stability, besides proposing techniques and methodologies
for their analysis. The growing focus of global demand for electricity, often
remote from load centers, thermal plant retirements coupled with an increase in
renewable generation, stringent requirements by regulatory authorities on power
quality, interconnected grids, and aging transmission infrastructure is pouring
the growth of the STATCOM
market. However, the necessity of huge capital asset for the
installation of STATCOM solutions may hamper the market growth.
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The global STATCOM market is segmented on the basis of,
product type, end use industry, and geographical region. On the basis of
product type, the market is segmented into low voltage STATCOM (less than
20Mvar), medium voltage STATCOM (20 – 100 Mvar) and high voltage STATCOM
(greater than 100 Mvar). On the basis of end use industry the global market is
segmented power distribution, mining, offshore oil and gas, steel
manufacturing, automobile manufacturing and power transmission. The power
distribution and power transmission is expected to have largest market share
during estimated period. By geographical region the global STATCOM market is
split up into North America, Europe, Asia Pacific, Middle East & Africa and
South America. North America is expected to have largest market share
during estimated period and is expected to witness significant growth owing to
the presence of large manufacturing, steel manufacturing, and oil & gas
companies working in this region. The region, along with Europe, is one of
the developers in adopting new technologies in steel manufacturing, which is
also one of the key factors for the high CAGR in this region.
Acquisitions and Merger, new product introductions,
investments, and corporations & developments are the key strategies adopted
by market companies to ensure their growth in the STATCOM market. The key
players are Bharat Heavy Electricals Limited (BHEL), General Electric India Ltd.,
Veeral Controls Pvt. Ltd., NR Energy Solutions India Pvt. Ltd., Ingeteam, Inc.,
Siemens AG, Toshiba Corporation, NR Electric Co., Ltd., S&C Electric
Company, ABB India Limited, Schneider Electric India Pvt. Ltd., JEMA Energy USA
LLC, Crompton Greaves Limited, Mitsubishi Electric India Pvt. Ltd., Statcom
Solutions, Signotron India Pvt. Ltd., and Power One Micro Systems Pvt.
Ltd. are some major players in the STATCOM market.
The report offers a comprehensive evaluation of the market.
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projections about market size. The projections featured in the report have been
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The study is a source of reliable data on:
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trends and dynamics
- Supply
and demand
- Market
size
- Current
trends/opportunities/challenges
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breakthroughs
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chain and stakeholder analysis
The regional analysis covers:
- North
America (U.S. and Canada)
- Latin
America (Mexico, Brazil, Peru, Chile, and others)
- Western
Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium,
Netherlands, and Luxembourg)
- Eastern
Europe (Poland and Russia)
- Asia
Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle
East and Africa (GCC, Southern Africa, and North Africa)
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A separate analysis of prevailing trends in the parent
market, macro- and micro-economic indicators, and regulations and mandates is
included under the purview of the study. By doing so, the report projects the
attractiveness of each major segment over the forecast period.
Highlights of the report:
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complete backdrop analysis, which includes an assessment of the parent
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value and volume
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objective assessment of the trajectory of the market
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to companies for strengthening their foothold in the market
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