STATCOM Market To Boom In Coming Years | General Electric India Ltd., Ingeteam, Inc., Siemens AG, Toshiba Corporation, NR Electric Co., Ltd., S&C Electric Company, ABB India Limited, Schneider Electric

What is STATCOM Market?
STATCOM or static synchronous compensator can be also described as a power electronic device which uses force commutated devices like GTO, IGBT etc. to control the reactive power flow via a power network. The most common use of STATCOM is for voltage steadiness. A STATCOM is a voltage source converter (VSC) based device, with the voltage source behind a reactor. STATCOM tends to increase the stability of power network.

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Global STATCOM Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Growing demands for continuous advancements in Electronics, and Automation & Robotics and increasing inclination towards renewable energy generation is expected to fuel the market for STATCOM. Apart from this, huge cost of capital could hamper the growth of the overall growth rate.

Global STATCOM Market Competitive Landscape
The "STATCOM Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such Bharat Heavy Electricals Limited (BHEL), General Electric India Ltd., Ingeteam, Inc., Siemens AG, Toshiba Corporation, NR Electric Co., Ltd., S&C Electric Company, ABB India Limited, Schneider Electric India Pvt. Ltd., Crompton Greaves Limited, Mitsubishi Electric India Pvt. Ltd., Statcom Solutions, Signotron India Pvt. Ltd., and Power One Micro Systems Pvt. Ltd..

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Global STATCOM Market, By Product Type
• Low voltage STATCOM (less than 20Mvar)
• Medium voltage STATCOM (20 - 100 Mvar)
• High voltage STATCOM (greater than 100 Mvar)
Global STATCOM Market, By End Use
• Power Distribution
• Mining
• Offshore Oil and Gas
• Steel Manufacturing
• Automobile Manufacturing
• Power Transmission

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