Press release
Lucintel Forecasts the Global Static Synchronous Compensator Market to Reach $1.7 billion by 2031
According to a market report by Lucintel, the future of the global static synchronous compensator market looks promising with opportunities in the utility, railway, steel manufacturing, and renewable energy markets. The global static synchronous compensat
According to a market report by Lucintel, the future of the global static synchronous compensator market [https://www.lucintel.com/static-synchronous-compensator-market.aspx] looks promising with opportunities in the utility, railway, steel manufacturing, and renewable energy markets. The global static synchronous compensator market is expected to reach an estimated $1.7 billion by 2031 from $1.0 billion in 2025, at a CAGR of 10.2% from 2025 to 2031. The major drivers for this market are the growing demand for renewable electricity, rising demand for smart grid infrastructure and smart meter roll outs, and increasing government initiatives to modernize power infrastructure.
A more than 150-page report to understand trends, opportunity and forecast in static synchronous compensator market to 2031 by type (low voltage, medium voltage, and high voltage), end use industry (utility, railway, steel manufacturing, renewable energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast that medium voltage will remain the highest growing segment over the forecast period due to growing demand for voltage stabilization and supporting requirement for poor power factor in utility transmission and distribution.
Within this market, utility will remain the largest segment over the forecast period due to its rising usage in various applications such as, reactive power optimization of load-center substation and voltage stability.
Download sample by clicking on static synchronous compensator market [https://www.lucintel.com/static-synchronous-compensator-market.aspx]
APAC will remain the largest region over the forecast period due to existence of largest capacity for renewable electricity generation, as well as growing electricity generation and renewable investment across the region.
Siemens, Hitachi, GE Energy, Mitsubishi, Sieyuan Electric, Hyosung Heavy Industries, Ingeteam, American Superconductor, Eaton Corporation, RXHK are the major suppliers in the static synchronous compensator market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact: Roy Almaguer Lucintel Dallas, Texas, USA Email: roy.almaguer@lucintel.com Tel. +1-972-636-5056
Explore Our Latest Publications
Level Translators Market
Liquid Photoresist Market
OLED Mask Cleaner Market
FTIR Oil Condition Monitoring Market
LED Phosphor Material Market
Octyl Octanoate Market
Plaster Accelerator Market
Resonant Testing Machine Market
Tin Fluoborate Market
Water Penetration Tester Market
Media Contact
Company Name: Lucintel
Contact Person: Roy Almaguer
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=lucintel-forecasts-the-global-static-synchronous-compensator-market-to-reach-17-billion-by-2031]
Phone: 972.636.5056
Address:8951 Cypress Waters Blvd., Suite 160
City: Dallas
State: TEXAS
Country: United States
Website: https://www.lucintel.com/
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
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 Lucintel Forecasts the Global Static Synchronous Compensator Market to Reach $1.7 billion by 2031 here
News-ID: 4014261 • Views: …
More Releases from ABNewswire
WAKAO App: AI-Powered Social Activity/Event Platform solving the Loneliness Epid …
WAKAO combats loneliness by connecting people through real-world activities. Our AI-powered platform (Dice/Map Modes, Show-Up Scores) makes event discovery and planning effortless and safe. It empowers hosts to monetize passions via the "U-Host" model and Hubs, while businesses gain tools for ticketing, e-commerce, and branded communities. Wakao is the all-in-one ecosystem transforming digital intent into authentic connection and commerce.
WAKAO Technologies LLC today announces the official launch of WAKAO, a revolutionary…
Phinity Therapy Strengthens Counselling Services in Edgbaston, Sparkhill & North …
Phinity Therapy has expanded its counselling services across Edgbaston, Sparkhill, and Northfield to meet growing mental health needs in Birmingham, UK. With more residents searching for "counselling near me", the clinic now offers greater access to qualified counsellors and evidence-based therapy. Phinity Therapy continues to support local communities with compassionate, personalised care and deep knowledge of Birmingham's diverse neighbourhoods.
As Birmingham continues to evolve, so do the emotional and psychological challenges…
JCFLOW Launches New Silicone Beads and Expands Wholesale Market Reach
JCFLOW [https://jcflowbeads.com/], a leading silicone bead factory store with operations in Las Vegas and China, is excited to announce the launch of its newest range of silicone beads, designed to meet the evolving needs of DIY crafters, small businesses, and creative entrepreneurs worldwide. Alongside the product launch, JCFLOW is implementing a strategic market expansion initiative to increase accessibility, offer customization options, and strengthen its position as a global leader in…
Aspen Artist Shelly Hamill Celebrates 25 Years of Transforming Heirloom China In …
Renowned mosaic artist Shelly Hamill marks over 25 years of creating unique sculptures from recycled china, offering collectors a meaningful way to transform family heirlooms into displayable art. Trained as a Master of Mosaic in portraiture at the prestigious Orsoni studio in Venice, Italy, Hamill now expands her offerings with a new print-on-demand service and an innovative Print of the Month Club.
Shelly Hamill has spent more than a quarter century…
More Releases for Lucintel
Lucintel Forecasts the Global Carbon Fiber Textile Market
Lucintel finds that the future of the global carbon fiber textile intermediate material market looks promising with opportunities in transportation, marine, wind energy, aerospace and defense, construction, consumer goods end use industries. The global carbon fiber textile market is expected to reach an estimated $3 billion by 2031 with a CAGR of 5% from 2024 to 2031
According to a market report by Lucintel, the future of the global carbon fiber…
Lucintel Forecasts Bicycle Market to Reach $62.0 billion
According to the recent study the bicycle market is projected to reach an estimated $62.0 billion by 2030 from $47.8 billion in 2023, at a CAGR of 4.0% from 2023 to 2030
According to the recent study the bicycle market [https://www.lucintel.com/bicycle-market-report.aspx] is projected to reach an estimated $62.0 billion by 2030 from $47.8 billion in 2023, at a CAGR of 4.0% from 2023 to 2030. Growth in this market is primarily…
Lucintel Forecasts BRIC Composites Market
According to the recent study the BRIC composites market is projected to reach an estimated $25.0 billion by 2030 from $18.4 billion in 2023, at a CAGR of 5.0% from 2023 to 2030
According to the recent study the BRIC composites market [https://www.lucintel.com/bric-composites-market.aspx] is projected to reach an estimated $25.0 billion by 2030 from $18.4 billion in 2023, at a CAGR of 5.0% from 2023 to 2030. Growth in this market…
Lucintel Forecasts FRP Pole Market to Reach $277.0 million
According to the recent study the FRP Pole Market is projected to reach an estimated $277.0 million by 2030 from $218.3 million in 2023, at a CAGR of 3.0% from 2023 to 2030. Growth in this market is primarily driven by the ongoing replacement of obsolete wooden poles and performance benefits of FRP poles like rot and corrosion resistance, minimal maintenance, and easy installation over wood, steel, and other poles.
According…
Lucintel Forecasts Acrylonitrile Market to Reach $13.0 billion by 2023
According to the recent study the acrylonitrile market is projected to reach an estimated $13.0 billion by 2023 from $10.6 billion in 2023, at a CAGR of 3.0% from 2023 to 2030. Growth in this market is primarily driven by increasing use of acrylonitrile in various parts of automotive and construction industry for its chemical and thermal properties, and the use of acrylonitrile in manufacturing acrylic fiber and acrylonitrile butadiene…
Lucintel Forecasts Recycled Carbon Fiber Market
According to the recent study the recycled carbon fiber market is projected to reach an estimated $103.0 million by 2030 from $59.20 million in 2023, at a CAGR of 8.0% from 2023 to 2030. Growth in this market is primarily driven by regulations for reuse & recyclability of materials and the cost advantage of recycled carbon fiber compared to virgin carbon fiber.
According to the recent study the recycled carbon fiber…
