Press release
Global Eastern States Hold Lucrative Opportunities for STATCOM UPS Market in India through 2024
MRRSE
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The India STATCOM UPS market is poised to expand at an impressive 16% CAGR during the forecast period, rising from a value of US$27 mn in 2014 to US$113.9 mn by 2024.
The report studies the STATCOM UPS market in India on three fronts: Product, application, and region. On the basis of product, the market has been divided into insulated gate bipolar transistors (IGPT) STATCOM and gate turn-off thyristors (GTO) STATCOM. The former has been the most preferred technology owing to its wide application in several industries.
Based on application, the India STATCOM UPS market has been categorized into power substations, steel manufacturing, automobile, long-distance power transmission, oil and gas, and mining. The largest application segment of the India STATCOM UPS market based on revenue has been power substation.
By region, the STATCOM UPS market in India is divided into four: East, west, north, and south. With substantial contribution from states such as Gujarat, Maharashtra, and Chhattisgarh, West India is the largest market for STATCOM UPS in the country. The market in the eastern region of India is anticipated to witness strong growth in the coming years owing to the rising economic prosperity of states such as Jharkhand and Odisha.
Using the Porter’s Five Forces analysis model, the report highlights the bargaining power of suppliers and buyers in the India STATCOM UPS market, the threat of substitutes and new entrants, and the degree of competition among the rivals. A market attractiveness analysis has also been conducted to determine the strengths and opportunities that lie ahead. Apart from this, an assessment of the India STATCOM UPS market value chain has been included in the study.
Some of the leading companies operating in the India STATCOM UPS market are NR Energy Solutions India Pvt. Ltd., ABB India Limited, General Electric India Ltd., Signotron India Pvt. Ltd., Schneider Electric India Pvt. Ltd., Mitsubishi Electric India Pvt. Ltd., Power One Micro Systems Pvt. Ltd., Veeral Controls Pvt. Ltd., Crompton Greaves Limited, and Bharat Heavy Electricals Limited (BHEL).
Browse Full Report with TOC:http://www.mrrse.com/india-statcom-ups-market
The report examines the performance and contribution of these companies in the India STATCOM UPS market and profiles them based on key attributes such as company profile, product and service portfolio, financial standing, recent developments, and business strategies. A SWOT analysis employed in the report sheds light on the weaknesses, strengths, threats, and opportunities of players within the STATCOM UPS market in India.
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