Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Static Synchronous Compensator (STATCOM) was estimated at US$ 857.77 million in the year 2022, is projected to reach a revised size of US$ 1.19 billion by 2029, growing at a CAGR of 4.59% during the forecast period 2023-2029.
North American market for Static Synchronous Compensator (STATCOM) was valued at $ 93.41 million in 2022 and will reach $ 114.45 million by 2029, at a CAGR of 2.87% during the forecast period of 2023 through 2029.
Asia-Pacific market for Static Synchronous Compensator (STATCOM) was valued at $ 634.14 million in 2022 and will reach $ 936.94 million by 2029, at a CAGR of 5.46% during the forecast period of 2023 through 2029.
Europe market for Static Synchronous Compensator (STATCOM) was valued at $ 103.69 million in 2022 and will reach $ 108.36 million by 2029, at a CAGR of 0.89% during the forecast period of 2023 through 2029.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Static Synchronous Compensator (STATCOM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Static Synchronous Compensator (STATCOM).
The Static Synchronous Compensator (STATCOM) market size, estimations, and forecasts are provided in terms of sales volume (Mvar) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Static Synchronous Compensator (STATCOM) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Static Synchronous Compensator (STATCOM) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. Major players help the readers to identify the main competitors and deeply understand the competition pattern of the market.
Market Segmentation
This report covers the Static Synchronous Compensator (STATCOM) segments by manufacturers, by Type, by Application, by region and country, and provides market size (value, volume and average price) and CAGR for the history and forecast period (2018-2022, 2023-2029), considering 2022 as the base year. It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
By Company
- Hitachi, Ltd.
- Siemens Aktiengesellschaft
- Windsun Science Technology Co., Ltd.
- Liaoning Rongxin Xingye Power Technology Co., Ltd.
- Sieyuan Electric Co., Ltd.
- TBEA Co., Ltd.
- Mitsubishi Electric Corporation
- General Electric
- Nari Technology Co., Ltd.
- Shandong Taikai Power Electronic Co., Ltd.
- Shenzhen Hopewind Electric Co., Ltd.
- American Superconductor Corporation
- Ingeteam Inc.
- Beijing In-power Electric Co., Ltd.
Segment by Type
- Low Voltage STATCOM
- High Voltage STATCOM
Segment by Application
- Renewable Energy
- Electric Utilities
- Industrial & Manufacturing
- Others
By Region
- Asia-Pacific
- China
- Japan
- Korea
- India
- Others
- Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Others
- Latin America
- Mexico
- Brazil
- Argentina
- Others
Core Chapters
- Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
- Chapter Two: Detailed analysis of Static Synchronous Compensator (STATCOM) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
- Chapter Three: Sales, revenue of Static Synchronous Compensator (STATCOM) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
- Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
- Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
- Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, etc.
- Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter Twelve: Analysis of sales channel, distributors and customers.
- Chapter Thirteen: Research Findings and Conclusion.
Table of Contents
1 Static Synchronous Compensator (STATCOM) Market Overview
- 1.1 Static Synchronous Compensator (STATCOM) Product Overview
- 1.2 Static Synchronous Compensator (STATCOM) Market by Type
- 1.2.1 Low Voltage STATCOM
- 1.2.2 High Voltage STATCOM
- 1.3 Global Static Synchronous Compensator (STATCOM) Market Size by Type
- 1.3.1 Global Static Synchronous Compensator (STATCOM) Market Size Overview by Type (2018-2029)
- 1.3.2 Global Static Synchronous Compensator (STATCOM) Historic Market Size Review by Type (2018-2023)
- 1.3.3 Global Static Synchronous Compensator (STATCOM) Forecasted Market Size by Type (2024-2029)
- 1.4 Key Regions Market Size by Type
- 1.4.1 North America Static Synchronous Compensator (STATCOM) Sales Breakdown by Type (2018-2023)
- 1.4.2 Europe Static Synchronous Compensator (STATCOM) Sales Breakdown by Type (2018-2023)
- 1.4.3 Asia-Pacific Static Synchronous Compensator (STATCOM) Sales Breakdown by Type (2018-2023)
- 1.4.4 Latin America Static Synchronous Compensator (STATCOM) Sales Breakdown by Type (2018-2023)
- 1.4.5 Middle East and Africa Static Synchronous Compensator (STATCOM) Sales Breakdown by Type (2018-2023)
2 Static Synchronous Compensator (STATCOM) Market Competition by Company
- 2.1 Global Top Players by Static Synchronous Compensator (STATCOM) Sales (2018-2023)
- 2.2 Global Top Players by Static Synchronous Compensator (STATCOM) Revenue (2018-2023)
- 2.3 Global Top Players by Static Synchronous Compensator (STATCOM) Price (2018-2023)
- 2.4 Global Top Manufacturers Static Synchronous Compensator (STATCOM) Manufacturing Base Distribution
- 2.5 Static Synchronous Compensator (STATCOM) Market Competitive Situation and Trends
- 2.5.1 Static Synchronous Compensator (STATCOM) Market Concentration Rate (2018-2023)
- 2.5.2 Global 3 and 5 Largest Manufacturers by Static Synchronous Compensator (STATCOM) Revenue in 2022
- 2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Static Synchronous Compensator (STATCOM) as of 2022)
- 2.7 Key Manufacturers Static Synchronous Compensator (STATCOM) Product Offered
3 Static Synchronous Compensator (STATCOM) Status and Outlook by Region
- 3.1 Global Static Synchronous Compensator (STATCOM) Market Size and CAGR by Region: 2018 VS 2022 VS 2029
- 3.2 Global Static Synchronous Compensator (STATCOM) Historic Market Size by Region
- 3.2.1 Global Static Synchronous Compensator (STATCOM) Sales in Volume by Region (2018-2023)
- 3.2.2 Global Static Synchronous Compensator (STATCOM) Sales in Value by Region (2018-2023)
- 3.3 Global Static Synchronous Compensator (STATCOM) Forecasted Market Size by Region
- 3.3.1 Global Static Synchronous Compensator (STATCOM) Sales in Volume by Region (2024-2029)
- 3.3.2 Global Static Synchronous Compensator (STATCOM) Sales in Value by Region (2024-2029)
4 Static Synchronous Compensator (STATCOM) by Application
- 4.1 Static Synchronous Compensator (STATCOM) Market by Application
- 4.1.1 Renewable Energy
- 4.1.2 Electric Utilities
- 4.1.3 Industrial & Manufacturing
- 4.1.4 Others
- 4.2 Global Static Synchronous Compensator (STATCOM) Market Size by Application
- 4.2.1 Global Static Synchronous Compensator (STATCOM) Market Size Overview by Application (2018-2029)
- 4.2.2 Global Static Synchronous Compensator (STATCOM) Historic Market Size Review by Application (2018-2023)
- 4.2.3 Global Static Synchronous Compensator (STATCOM) Forecasted Market Size by Application (2024-2029)
- 4.3 Key Regions Market Size by Application
- 4.3.1 North America Static Synchronous Compensator (STATCOM) Sales Breakdown by Application (2018-2023)
- 4.3.2 Europe Static Synchronous Compensator (STATCOM) Sales Breakdown by Application (2018-2023)
- 4.3.3 Asia-Pacific Static Synchronous Compensator (STATCOM) Sales Breakdown by Application (2018-2023)
- 4.3.4 Latin America Static Synchronous Compensator (STATCOM) Sales Breakdown by Application (2018-2023)
- 4.3.5 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales Breakdown by Application (2018-2023)
5 North America Static Synchronous Compensator (STATCOM) by Country
- 5.1 North America Static Synchronous Compensator (STATCOM) Historic Market Size by Country
- 5.1.1 North America Static Synchronous Compensator (STATCOM) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
- 5.1.2 North America Static Synchronous Compensator (STATCOM) Sales in Volume by Country (2018-2023)
- 5.1.3 North America Static Synchronous Compensator (STATCOM) Sales in Value by Country (2018-2023)
- 5.2 North America Static Synchronous Compensator (STATCOM) Forecasted Market Size by Country
- 5.2.1 North America Static Synchronous Compensator (STATCOM) Sales in Volume by Country (2024-2029)
- 5.2.2 North America Static Synchronous Compensator (STATCOM) Sales in Value by Country (2024-2029)
6 Europe Static Synchronous Compensator (STATCOM) by Country
- 6.1 Europe Static Synchronous Compensator (STATCOM) Historic Market Size by Country
- 6.1.1 Europe Static Synchronous Compensator (STATCOM) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
- 6.1.2 Europe Static Synchronous Compensator (STATCOM) Sales in Volume by Country (2018-2023)
- 6.1.3 Europe Static Synchronous Compensator (STATCOM) Sales in Value by Country (2018-2023)
- 6.2 Europe Static Synchronous Compensator (STATCOM) Forecasted Market Size by Country
- 6.2.1 Europe Static Synchronous Compensator (STATCOM) Sales in Volume by Country (2024-2029)
- 6.2.2 Europe Static Synchronous Compensator (STATCOM) Sales in Value by Country (2024-2029)
7 Asia-Pacific Static Synchronous Compensator (STATCOM) by Country
- 7.1 Asia-Pacific Static Synchronous Compensator (STATCOM) Historic Market Size by Country
- 7.1.1 Asia-Pacific Static Synchronous Compensator (STATCOM) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
- 7.1.2 Asia-Pacific Static Synchronous Compensator (STATCOM) Sales in Volume by Country (2018-2023)
- 7.1.3 Asia-Pacific Static Synchronous Compensator (STATCOM) Sales in Value by Country (2018-2023)
- 7.2 Asia-Pacific Static Synchronous Compensator (STATCOM) Forecasted Market Size by Country
- 7.2.1 Asia-Pacific Static Synchronous Compensator (STATCOM) Sales in Volume by Country (2024-2029)
- 7.2.2 Asia-Pacific Static Synchronous Compensator (STATCOM) Sales in Value by Country (2024-2029)
8 Latin America Static Synchronous Compensator (STATCOM) by Country
- 8.1 Latin America Static Synchronous Compensator (STATCOM) Historic Market Size by Country
- 8.1.1 Latin America Static Synchronous Compensator (STATCOM) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
- 8.1.2 Latin America Static Synchronous Compensator (STATCOM) Sales in Volume by Country (2018-2023)
- 8.1.3 Latin America Static Synchronous Compensator (STATCOM) Sales in Value by Country (2018-2023)
- 8.2 Latin America Static Synchronous Compensator (STATCOM) Forecasted Market Size by Country
- 8.2.1 Latin America Static Synchronous Compensator (STATCOM) Sales in Volume by Country (2024-2029)
- 8.2.2 Latin America Static Synchronous Compensator (STATCOM) Sales in Value by Country (2024-2029)
9 Middle East & Africa Static Synchronous Compensator (STATCOM) by Country
- 9.1 Middle East & Africa Static Synchronous Compensator (STATCOM) Historic Market Size by Country
- 9.1.1 Middle East & Africa Static Synchronous Compensator (STATCOM) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
- 9.1.2 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales in Volume by Country (2018-2023)
- 9.1.3 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales in Value by Country (2018-2023)
- 9.2 Middle East & Africa Static Synchronous Compensator (STATCOM) Forecasted Market Size by Country
- 9.2.1 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales in Volume by Country (2024-2029)
- 9.2.2 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales in Value by Country (2024-2029)
10 Company Profiles
- 10.1 Hitachi
- 10.1.1 Hitachi Company Information
- 10.1.2 Hitachi Introduction and Business Overview
- 10.1.3 Hitachi Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2018-2023)
- 10.1.4 Hitachi Static Synchronous Compensator (STATCOM) Products Offered
- 10.2 Siemens
- 10.2.1 Siemens Company Information
- 10.2.2 Siemens Introduction and Business Overview
- 10.2.3 Siemens Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2018-2023)
- 10.2.4 Siemens Static Synchronous Compensator (STATCOM) Products Offered
- 10.3 Windsun Science Technology
- 10.3.1 Windsun Science Technology Company Information
- 10.3.2 Windsun Science Technology Introduction and Business Overview
- 10.3.3 Windsun Science Technology Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2018-2023)
- 10.3.4 Windsun Science Technology Static Synchronous Compensator (STATCOM) Products Offered
- 10.4 Liaoning Rongxin Xingye Power
- 10.4.1 Liaoning Rongxin Xingye Power Company Information
- 10.4.2 Liaoning Rongxin Xingye Power Introduction and Business Overview
- 10.4.3 Liaoning Rongxin Xingye Power Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2018-2023)
- 10.4.4 Liaoning Rongxin Xingye Power Static Synchronous Compensator (STATCOM) Products Offered
- 10.5 Sieyuan Electric
- 10.5.1 Sieyuan Electric Company Information
- 10.5.2 Sieyuan Electric Introduction and Business Overview
- 10.5.3 Sieyuan Electric Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2018-2023)
- 10.5.4 Sieyuan Electric Static Synchronous Compensator (STATCOM) Products Offered
- 10.6 TBEA
- 10.6.1 TBEA Company Information
- 10.6.2 TBEA Introduction and Business Overview
- 10.6.3 TBEA Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2018-2023)
- 10.6.4 TBEA Static Synchronous Compensator (STATCOM) Products Offered
- 10.7 Mitsubishi Electric
- 10.7.1 Mitsubishi Electric Company Information
- 10.7.2 Mitsubishi Electric Introduction and Business Overview
- 10.7.3 Mitsubishi Electric Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2018-2023)
- 10.7.4 Mitsubishi Electric Static Synchronous Compensator (STATCOM) Products Offered
- 10.8 GE
- 10.8.1 GE Company Information
- 10.8.2 GE Introduction and Business Overview
- 10.8.3 GE Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2018-2023)
- 10.8.4 GE Static Synchronous Compensator (STATCOM) Products Offered
- 10.9 Nari Technology
- 10.9.1 Nari Technology Company Information
- 10.9.2 Nari Technology Introduction and Business Overview
- 10.9.3 Nari Technology Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2018-2023)
- 10.9.4 Nari Technology Static Synchronous Compensator (STATCOM) Products Offered
- 10.10 Shandong Taikai Power Electronic
- 10.10.1 Shandong Taikai Power Electronic Company Information
- 10.10.2 Shandong Taikai Power Electronic Introduction and Business Overview
- 10.10.3 Shandong Taikai Power Electronic Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2018-2023)
- 10.10.4 Shandong Taikai Power Electronic Static Synchronous Compensator (STATCOM) Products Offered
- 10.11 Shenzhen Hopewind Electric
- 10.11.1 Shenzhen Hopewind Electric Company Information
- 10.11.2 Shenzhen Hopewind Electric Introduction and Business Overview
- 10.11.3 Shenzhen Hopewind Electric Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2018-2023)
- 10.11.4 Shenzhen Hopewind Electric Static Synchronous Compensator (STATCOM) Products Offered
- 10.12 American Superconductor
- 10.12.1 American Superconductor Company Information
- 10.12.2 American Superconductor Introduction and Business Overview
- 10.12.3 American Superconductor Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2018-2023)
- 10.12.4 American Superconductor Static Synchronous Compensator (STATCOM) Products Offered
- 10.13 Ingeteam
- 10.13.1 Ingeteam Company Information
- 10.13.2 Ingeteam Introduction and Business Overview
- 10.13.3 Ingeteam Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2018-2023)
- 10.13.4 Ingeteam Static Synchronous Compensator (STATCOM) Products Offered
- 10.14 Beijing In-power Electric
- 10.14.1 Beijing In-power Electric Company Information
- 10.14.2 Beijing In-power Electric Introduction and Business Overview
- 10.14.3 Beijing In-power Electric Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2018-2023)
- 10.14.4 Beijing In-power Electric Static Synchronous Compensator (STATCOM) Products Offered
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
- 11.1 Static Synchronous Compensator (STATCOM) Key Raw Materials
- 11.1.1 Key Raw Materials
- 11.1.2 Key Raw Materials Price
- 11.1.3 Raw Materials Key Suppliers
- 11.2 Cost Structure
- 11.2.1 Raw Materials
- 11.2.2 Labor Cost
- 11.2.3 Manufacturing Expenses
- 11.3 Static Synchronous Compensator (STATCOM) Manufacturing Process Analysis
- 11.4 Static Synchronous Compensator (STATCOM) Market Dynamics
- 11.4.1 Static Synchronous Compensator (STATCOM) Industry Trends
- 11.4.2 Static Synchronous Compensator (STATCOM) Market Drivers
- 11.4.3 Static Synchronous Compensator (STATCOM) Market Challenges
12 Marketing Strategy Analysis, Distributors
- 12.1 Sales Channel
- 12.2 Static Synchronous Compensator (STATCOM) Distributors
- 12.3 Static Synchronous Compensator (STATCOM) Downstream Customers
13 Research Findings and Conclusion
14 Appendix
- 14.1 Research Methodology
- 14.1.1 Methodology/Research Approach
- 14.1.2 Data Source
- 14.2 Author Details
- 14.3 Disclaimer