Static Synchronous Compensator (STATCOM) Market - Top Companies and Manufacturers

  • Report ID: 5344
  • Published Date: Mar 27, 2024
  • Report Format: PDF, PPT

Companies Dominating the Static Synchronous Compensator (STATCOM) Landscape

top-features-companies
    • ABB Group
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Siemens AG
    • Rongxin Power Electronic Co., Ltd.
    • S&C Electric
    • General Electric
    • Sieyuan Electric
    • Beijing In-power Electric Co., Ltd
    • Merus Power

Browse Key Market Insights with Data Illustration:

In the News

  • ABB Group installed the world’s first hybrid static compensator (statcom) for TenneT, to offer reactive power compensation and dynamic voltage assistance to maintain the grid stable at the necessary voltage and to fortify and stabilize the German power system.
  • Siemens AG announced to offer of four static synchronous compensator (STATCOM) installations for LS Power Grid California, LLC (LS Power) substation projects the functions of these systems will include voltage support and control in the event of transmission interruptions and system incidents.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5344
  • Published Date: Mar 27, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand for power across the globe and the growing usage of AC transmission systems are the major factors driving the growth of the market.

The market size of Static Synchronous Compensator (STATCOM) is anticipated to attain a CAGR of 14% over the forecast period, i.e., 2024 -2036.

The major players in the market are Siemens AG, Rongxin Power Electronic Co., Ltd., S&C Electric, General Electric, Sieyuan Electric, Beijing In-power Electric Co., Ltd, Merus Power, Mitsubishi Electric Corporation, Hitachi Energy, and others.

The high segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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