STATCOM UPS Market Analysis, Key Players, Share Dynamic Demand and Consumption by 2023 to 2032

India STATCOM UPS market was valued at US$27 mn in 2014 and is projected to reach US$113.9 million by 2024 at a CAGR of 16.0% from 2016 to 2024.

Analytics Market Research has added a new key research reports covering STATCOM UPS market. The study aims to provide global investors with a game-changing decision making tool covering key fundamentals of the STATCOM UPS market. The research report will include total global revenues in the market with historical analysis, key figures including total revenues, total sales, key products, instrumental drivers, and challenges. The report data is derived from extensive primary and secondary information sources with a reliable in-depth overview of the STATCOM UPS market. The research report relies on global governing bodies as primary sources of data, with independent analysis of the forecast, and objective estimations of the growth.

The STATCOM UPS research report will also study market share for major stakeholders in their global capacity as transformers of the global scale. This qualitative and quantitative analysis will include key product offerings, key differentiators, revenue share, market size, market status, and strategies. The report will also cover key agreements, collaborations, and global partnership soon to change dynamics of the market on a global scale.

The market is expected to increase as a result of rising grid reliability concerns, rising need for dependable and efficient power supply systems, and rising investments in renewable energy sources. During the anticipated period, the GTO STATCOM segment is anticipated to account for the greatest market share for Stactcom UPS.

Static Compensator UPS is also known as Stactcom UPS. A Stactcom UPS is a device that balances out voltage variations with static (non-moving) components in order to stabilise power systems. This kind of UPS is crucial since it can guard against harm from voltage sags and fluctuations to the equipment.

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Application Insights:

In terms of revenue share in 2019, the statcom UPS market was dominated by the power substations segment. The market for high-quality power supply is expected to increase significantly over the course of the forecast period due to rising demand from various industries, including data centres and IT offices. Uninterruptible power supply is becoming more and more in demand among data centre owners worldwide as a result of technological improvements and the standardisation of communication protocols. As a result, STATCOM UPS systems are now more prevalent at customer locations, which is expected to raise demand for the product over the projection period.
Due to considerable losses from vehicle accidents, which ultimately resulted in the tremendous financial burden on automotive firms globally, the automobile industry accounted for a sizable market share by application segment.

Regional Analysis:

Due to the fast industrialisation of emerging economies like China, India, Indonesia, and Malaysia, Asia Pacific accounted for more than 25% of the global STATCOM UPS market revenue share in 2015. Singapore, Philippines The rising demand for energy storage systems, which include battery-backed power supply units that can provide uninterrupted power supply during outages, has been fueled by, among other countries, South Korea, Thailand, and Vietnam. This will propel industry expansion over the projection period.

Growth Factors:

Data centres and telecom companies are requesting more consistent power supplies to keep up with the rising volume of data traffic.
Rapid expansion of renewable energy sources like solar and wind, which call for quick-acting frequency and voltage control to maintain grid stability.
the increasing number of electric vehicles (EVs), which require dependable charging infrastructure and high-quality power.
Statcom UPS systems can be used to upgrade ageing grid infrastructure in industrialised nations to increase system reliability and effectiveness.

"STATCOM UPS Market research report" is divided into several categories, including types (Gate Turn-Off Thyristors (GTO) STATCOM and Insulated Gate Bipolar Transistors (IGBT) STATCOM), applications (Power Substations, Automobile Industry, Oil & Gas, Mining, Other), players/companies (General Electric, Bharat Heavy Electricals Limited (BHEL), NR Energy Solutions, ABB India Limited, Crompton Greaves Limited, Schneider Electric),

Market Segmentation
Global STATCOM UPS Market: Segmentations

Global STATCOM UPS Market: By Key Players
General Electric
Bharat Heavy Electricals Limited (BHEL)
NR Energy Solutions
ABB India Limited
Crompton Greaves Limited
Schneider Electric
Mitsubishi Electric
Signotron India
Veeral Controls
Power One Micro Systems

Global STATCOM UPS Market: By Types
Gate Turn-Off Thyristors (GTO) STATCOM
Insulated Gate Bipolar Transistors (IGBT) STATCOM

Global STATCOM UPS Market: By Applications
Power Substations
Automobile Industry
Oil & Gas
Mining

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Global STATCOM UPS Market: Regional Analysis
The countries covered in the regional analysis of the Global STATCOM UPS market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

STATCOM UPS Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits:

• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.

• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.

• Porter's Five Force Model and SWOT analysis are used to study the global STATCOM UPS market and would help stakeholders make strategic decisions.

• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.

• In-depth analysis of the types of STATCOM UPS would help in identifying future applications in this market.

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