Los Angeles, CA -- (SBWIRE) -- 04/19/2019 -- STATCOM or Static Synchronous Compensator (STATCOM is also called Static Var Generator, SVG) is a shunt device, which uses force-commutated power electronics (i.e. GTO, IGBT) to control power flow and improve transient stability on electrical power networks. It is also a member of the so-called Flexible AC Transmission System (FACTS) devices. The STATCOM basically performs the same function as the static var compensators but with some advantages.
According to Component, SVG can be divided into GTO type, IGBT type, IGCT type, SCR type, GTR type, MOSFET type. FACTS-based power conversion equipment generally used full-controlled devices, mainly choose GTO, modified GTO (IGBT, MTO, ETO) and (HV) IGBT and other devices.
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This report focuses IGBT based STATCOM.
Europe is the largest production of Gate Bipolar Transistors STATCOM, with a production revenue market share nearly 44.55% in 2017.
The second place is China; following Europe with the production revenue market share over 18.12% in 2017. The Gate Bipolar Transistors STATCOM price of Chinese producers is generally low.
North America is another important production market of Gate Bipolar Transistors STATCOM.
The global Gate Bipolar Transistors STATCOM market was 540 million US$ in 2018 and is expected to 810 million US$ by the end of 2025, growing at a CAGR of 5.3% between 2019 and 2025.
This report studies the Gate Bipolar Transistors STATCOM market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include:
ABB
Siemens
Rongxin
Sieyuan Electric
Hitachi
Mitsubishi Electric
S&C Electric
GE
AMSC
Ingeteam
Beijing In-power Electric Co., Ltd
Comsys AB
Merus Power
By the product type, the market is primarily split into:
Low Voltage STATCOM
High Voltage STATCOM
By the end users/application, this report covers the following segments:
Renewable Energy
Electric Utilities
Industrial & Manufacturing
Others
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