STATCOM UPS Market Segment Forecasts Up to 2024, Research Reports: TMR
Increasing industrialization coupled with rising electricity demand is boosting the demand for energy management technologies, such as static synchronous compensator (STATCOM) UPS and static VAR compensator (SVC) UPS, in India. Both of these are regulating devices used for power factor correction and voltage regulation across the network. Static VAR compensator (SVC) UPS is considered as a traditional technology, primarily used for controlling the network voltage at its coupling point. However, utilities and industries prefer STATCOM UPS technology over SVC UPS...
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