openPR Logo
Press release

STATCOM Market Business Outlook, Revenue Forecast and Growth Prospective

STATCOM Market

STATCOM Market

STATCOM Market Expected to Reach USD 1413.46 Million by 2029, with 7.73 % CAGR

STATCOM Market Report Scope and Research Methodology

The STATCOM market report delves into the realm of static synchronous compensators, devices instrumental in regulating voltage within flexible alternating current electricity transmission systems (FACTS). Referred to as STATCON or static synchronous condenser, these devices play a pivotal role in various sectors.

Know More About The Report: https://www.maximizemarketresearch.com/market-report/global-statcom-market/70411/

STATCOM Market Dynamics

Market Drivers

The market's growth trajectory is attributed to the wide-scale adoption of STATCOM regulating devices across industries such as renewable energy, including wind and solar farms, mining, heavy industry, and electric arc furnaces. Factors driving this surge include the escalating demand for electricity in developing economies, concurrent industrialization, urbanization, and advancements in electronics, robotics, and automation.

The STATCOM device offers distinct advantages such as enhanced transmission capacity, steady power grid voltage, and superior performance, which collectively fuel market growth.

Market Restraints

Despite its potential, the high initial installation cost associated with STATCOM solutions stands as a significant restraint to market expansion.

STATCOM Market Segmentation

STATCOM Market , by Product

• Low Voltage STATCOM (less than 20Mvar)
• Medium Voltage STATCOM (20 - 100Mvar)
• High Voltage STATCOM (greater than 100Mvar)

STATCOM Market , by Industry

• Power Distribution
• Mining
• Offshore Oil and Gas
• Steel Manufacturing
• Automobile Manufacturing
• Power Transmission

Please connect with our representative, who will ensure you to get a report sample here @ : https://www.maximizemarketresearch.com/request-sample/70411

STATCOM Market Key Players

• 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
• Power One Micro Systems Pvt. Ltd

Sample Request For STATCOM Market: https://www.maximizemarketresearch.com/request-sample/70411

Table of content for the STATCOM Market includes:

Part 01: Executive Summary

Part 02: Scope of the STATCOM Market Report

Part 03: Global STATCOM Market Landscape

Part 04: Global STATCOM Market Sizing

Part 05: Global STATCOM Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

For more Information Click Here @ : https://www.maximizemarketresearch.com/request-sample/70411

Regional Insights:

The global STATCOM market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America STATCOM Market is experiencing a rise in demand , driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in STATCOM to bolster military capabilities.

Related Reports:

Molecular Biology Enzymes Reagents and Kits Market https://www.maximizemarketresearch.com/market-report/global-molecular-biology-enzymes-reagents-and-kits-market/115106/

Automotive Laser Light Market https://www.maximizemarketresearch.com/market-report/automotive-laser-light-market/11541/

Aluminium Composite Panels Market https://www.maximizemarketresearch.com/market-report/global-aluminium-composite-panels-market/24129/

Mass Spectrometry Market: https://www.maximizemarketresearch.com/market-report/global-mass-spectrometry-market/11231/

Life Science Analytics Market: https://www.maximizemarketresearch.com/market-report/global-life-science-analytics-market/6273/

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release STATCOM Market Business Outlook, Revenue Forecast and Growth Prospective here

News-ID: 3301187 • Views:

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

Candle Market to Reach USD 18.39 Billion by 2032, Growing at 8.2% CAGR - Driven by Home Décor and Aromatherapy Demand
Candle Market to Reach USD 18.39 Billion by 2032, Growing at 8.2% CAGR - Driven …
The global candle market is projected to nearly double in value by 2032, supported by rising interest in home aesthetics, aromatherapy, and eco-friendly lifestyle products. Opening Paragraph According to a recent market analysis, the global candle market was valued at USD 9.79 billion in 2024 and is forecast to reach USD 18.39 billion by 2032, expanding at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2032. Growth is fueled
Microalgae-Based Products Market to Reach USD 23.01 Billion by 2030, Growing at 8.2% CAGR - Rising Demand for Nutraceuticals and Sustainable Ingredients Fuels Growth
Microalgae-Based Products Market to Reach USD 23.01 Billion by 2030, Growing at …
The global microalgae-based products market is projected to grow significantly through 2030, driven by the rising use of microalgae in nutraceuticals, natural food colorants, cosmetics, and sustainable bio-based applications. Opening Paragraph According to a new market analysis, the global microalgae-based products market was valued at approximately USD 13.25 billion in 2023 and is expected to reach USD 23.01 billion by 2030, expanding at a compound annual growth rate (CAGR) of 8.2% during
Bicycle Market to Reach USD 163.51 Billion by 2032, Growing at 9.8% CAGR - Rising Demand for E-Bikes and Sustainable Mobility Drives Expansion
Bicycle Market to Reach USD 163.51 Billion by 2032, Growing at 9.8% CAGR - Risin …
The global bicycle market is projected to grow robustly through 2032, propelled by the surging popularity of electric bicycles (e-bikes), government initiatives for sustainable transport, and rising health and fitness awareness. Opening Paragraph According to a recent industry analysis, the global bicycle market was valued at approximately USD 77.40 billion in 2024 and is expected to reach USD 163.51 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.8%
Courier Services Market to Reach USD 712.07 Billion by 2032 at 5.8% CAGR - Global Courier Services Market Growth Insight
Courier Services Market to Reach USD 712.07 Billion by 2032 at 5.8% CAGR - Globa …
Courier Services Market to Reach USD 712.07 Billion by 2032 at 5.8% CAGR - Strong Growth Driven by E-Commerce Expansion Subheading: The global courier services market is projected to achieve steady growth through 2032, fueled by surging e-commerce activity, rapid digitalization, and increased cross-border trade. Unlock more insights-request a free sample report now : https://www.maximizemarketresearch.com/request-sample/168771/ Opening Paragraph: According to a new industry report, the global courier services market was valued at USD 453.56 billion in

All 5 Releases


More Releases for STATCOM

STATCOM Market : Analyzing the Industry's Growth and Challenges
► The STATCOM Market size was valued at USD 974.09 Million in 2024 and the total STATCOM revenue is expected to grow at a CAGR of 7.73% from 2025 to 2032, reaching nearly USD 1767.23 Million. The global Static Synchronous Compensator (STATCOM) market is poised for significant growth, driven by the increasing demand for grid stability and the integration of renewable energy sources. In 2025, the market is projected to reach
Global IGBT Based STATCOM Market Size by Application, Type, and Geography: Forec …
USA, New Jersey- According to Market Research Intellect, the global IGBT Based STATCOM market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. The IGBT-based STATCOM market is experiencing significant growth due to the rising demand for efficient power transmission and grid stability solutions. As global energy
Europe STATCOM UPS Market sales volume from 2022-2031
The latest study on the global STATCOM UPS market is an addition to its rich archive of business intelligence reports. The global market study has attempted to make most of the available resources to present this data-laden report, which will cater to the demand of market stakeholders. Multi-disciplinary approaches have been adopted to arrive at the forecast figures and conclusions pertaining to the global STATCOM UPS market over the analysis
Global IGBT STATCOM Market Products, Services and Solutions
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global IGBT STATCOM Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. This report presents the worldwide IGBT STATCOM market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities
STATCOM UPS Market: By Applications - Power Substations, Oil & Gas
Latest industry research report on: STATCOM UPS Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Download Sample copy of this Report at :https://www.marketresearchreports.biz/sample/sample/725254 This research study analyzes the market for STATCOM UPS in India in terms of revenue (US$ Mn). The STATCOM UPS market has been segmented on the basis of product, application, and geography. The geographical segmentation includes four regions. For the research, 2014
STATCOM UPS Market India Industry Analysis Forecast 2016 - 2024
This research study analyzes the market for STATCOM UPS in India in terms of revenue (US$ Mn). The STATCOM UPS market has been segmented on the basis of product, application, and geography. The geographical segmentation includes four regions. For the research, 2014 has been taken as the base year, while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been