SVG is also called STATCOM 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.
The global market for Static Synchronous Compensator (STATCOM) was estimated to be worth US$ 857.8 million in 2023 and is forecast to a readjusted size of US$ 1190.5 million by 2030 with a CAGR of 4.6% during the forecast period 2024-2030
Global key players of static synchronous compensator (STATCOM) include Hitachi, Siemens, Windsun Science Technology, Liaoning Rongxin Xingye Power, Sieyuan Electric and TBEA, the top six players hold a share about 58%. Windsun Science Technology is the largest producer, with a share of 15%. North America is the largest market of feed grade calcium propionate, with a share about 83%, followed by Europe and Asia-Pacific, with shares about 7% and 6% separately. In terms of product type, high voltage STATCOM is the largest segment, with a share about 97%. And in terms of application, electric utilities is the largest application, with a share about 40 percent.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Static Synchronous Compensator (STATCOM), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Static Synchronous Compensator (STATCOM) by region & country, by Type, and by Application.
The Static Synchronous Compensator (STATCOM) market size, estimations, and forecasts are provided in terms of sales volume (Mvar) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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).
Market Segmentation
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:
High Voltage STATCOM
Low Voltage STATCOM
Segment by Application
Electric Utilities
Renewable Energy
Industrial & Manufacturing
Others
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides 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 2: Detailed analysis of Static Synchronous Compensator (STATCOM) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: 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 market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Static Synchronous Compensator (STATCOM) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: 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, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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1 Market Overview
1.1 Static Synchronous Compensator (STATCOM) Product Introduction
1.2 Global Static Synchronous Compensator (STATCOM) Market Size Forecast
1.2.1 Global Static Synchronous Compensator (STATCOM) Sales Value (2019-2030)
1.2.2 Global Static Synchronous Compensator (STATCOM) Sales Volume (2019-2030)
1.2.3 Global Static Synchronous Compensator (STATCOM) Sales Price (2019-2030)
1.3 Static Synchronous Compensator (STATCOM) Market Trends & Drivers
1.3.1 Static Synchronous Compensator (STATCOM) Industry Trends
1.3.2 Static Synchronous Compensator (STATCOM) Market Drivers & Opportunity
1.3.3 Static Synchronous Compensator (STATCOM) Market Challenges
1.3.4 Static Synchronous Compensator (STATCOM) Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Static Synchronous Compensator (STATCOM) Players Revenue Ranking (2023)
2.2 Global Static Synchronous Compensator (STATCOM) Revenue by Company (2019-2024)
2.3 Global Static Synchronous Compensator (STATCOM) Players Sales Volume Ranking (2023)
2.4 Global Static Synchronous Compensator (STATCOM) Sales Volume by Company Players (2019-2024)
2.5 Global Static Synchronous Compensator (STATCOM) Average Price by Company (2019-2024)
2.6 Key Manufacturers Static Synchronous Compensator (STATCOM) Manufacturing Base Distribution and Headquarters
2.7 Key Manufacturers Static Synchronous Compensator (STATCOM) Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Static Synchronous Compensator (STATCOM)
2.9 Static Synchronous Compensator (STATCOM) Market Competitive Analysis
2.9.1 Static Synchronous Compensator (STATCOM) Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Static Synchronous Compensator (STATCOM) Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Static Synchronous Compensator (STATCOM) as of 2023)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 High Voltage STATCOM
3.1.2 Low Voltage STATCOM
3.2 Global Static Synchronous Compensator (STATCOM) Sales Value by Type
3.2.1 Global Static Synchronous Compensator (STATCOM) Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Static Synchronous Compensator (STATCOM) Sales Value, by Type (2019-2030)
3.2.3 Global Static Synchronous Compensator (STATCOM) Sales Value, by Type (%) (2019-2030)
3.3 Global Static Synchronous Compensator (STATCOM) Sales Volume by Type
3.3.1 Global Static Synchronous Compensator (STATCOM) Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Static Synchronous Compensator (STATCOM) Sales Volume, by Type (2019-2030)
3.3.3 Global Static Synchronous Compensator (STATCOM) Sales Volume, by Type (%) (2019-2030)
3.4 Global Static Synchronous Compensator (STATCOM) Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Electric Utilities
4.1.2 Renewable Energy
4.1.3 Industrial & Manufacturing
4.1.4 Others
4.2 Global Static Synchronous Compensator (STATCOM) Sales Value by Application
4.2.1 Global Static Synchronous Compensator (STATCOM) Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Static Synchronous Compensator (STATCOM) Sales Value, by Application (2019-2030)
4.2.3 Global Static Synchronous Compensator (STATCOM) Sales Value, by Application (%) (2019-2030)
4.3 Global Static Synchronous Compensator (STATCOM) Sales Volume by Application
4.3.1 Global Static Synchronous Compensator (STATCOM) Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Static Synchronous Compensator (STATCOM) Sales Volume, by Application (2019-2030)
4.3.3 Global Static Synchronous Compensator (STATCOM) Sales Volume, by Application (%) (2019-2030)
4.4 Global Static Synchronous Compensator (STATCOM) Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global Static Synchronous Compensator (STATCOM) Sales Value by Region
5.1.1 Global Static Synchronous Compensator (STATCOM) Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Static Synchronous Compensator (STATCOM) Sales Value by Region (2019-2024)
5.1.3 Global Static Synchronous Compensator (STATCOM) Sales Value by Region (2025-2030)
5.1.4 Global Static Synchronous Compensator (STATCOM) Sales Value by Region (%), (2019-2030)
5.2 Global Static Synchronous Compensator (STATCOM) Sales Volume by Region
5.2.1 Global Static Synchronous Compensator (STATCOM) Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Static Synchronous Compensator (STATCOM) Sales Volume by Region (2019-2024)
5.2.3 Global Static Synchronous Compensator (STATCOM) Sales Volume by Region (2025-2030)
5.2.4 Global Static Synchronous Compensator (STATCOM) Sales Volume by Region (%), (2019-2030)
5.3 Global Static Synchronous Compensator (STATCOM) Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
5.4.2 North America Static Synchronous Compensator (STATCOM) Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
5.5.2 Europe Static Synchronous Compensator (STATCOM) Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
5.6.2 Asia Pacific Static Synchronous Compensator (STATCOM) Sales Value by Country (%), 2023 VS 2030
5.7 South America
5.7.1 South America Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
5.7.2 South America Static Synchronous Compensator (STATCOM) Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
5.8.2 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Static Synchronous Compensator (STATCOM) Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Static Synchronous Compensator (STATCOM) Sales Value
6.2.1 Key Countries/Regions Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
6.2.2 Key Countries/Regions Static Synchronous Compensator (STATCOM) Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
6.3.2 United States Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Static Synchronous Compensator (STATCOM) Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
6.4.2 Europe Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Static Synchronous Compensator (STATCOM) Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
6.5.2 China Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
6.5.3 China Static Synchronous Compensator (STATCOM) Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
6.6.2 Japan Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Static Synchronous Compensator (STATCOM) Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
6.7.2 South Korea Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Static Synchronous Compensator (STATCOM) Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
6.8.2 Southeast Asia Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Static Synchronous Compensator (STATCOM) Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
6.9.2 India Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
6.9.3 India Static Synchronous Compensator (STATCOM) Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 Hitachi, Ltd.
7.1.1 Hitachi, Ltd. Company Information
7.1.2 Hitachi, Ltd. Introduction and Business Overview
7.1.3 Hitachi, Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
7.1.4 Hitachi, Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
7.1.5 Hitachi, Ltd. Recent Development
7.2 Siemens Aktiengesellschaft
7.2.1 Siemens Aktiengesellschaft Company Information
7.2.2 Siemens Aktiengesellschaft Introduction and Business Overview
7.2.3 Siemens Aktiengesellschaft Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
7.2.4 Siemens Aktiengesellschaft Static Synchronous Compensator (STATCOM) Product Offerings
7.2.5 Siemens Aktiengesellschaft Recent Development
7.3 Windsun Science Technology Co., Ltd.
7.3.1 Windsun Science Technology Co., Ltd. Company Information
7.3.2 Windsun Science Technology Co., Ltd. Introduction and Business Overview
7.3.3 Windsun Science Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
7.3.4 Windsun Science Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
7.3.5 Windsun Science Technology Co., Ltd. Recent Development
7.4 Liaoning Rongxin Xingye Power Technology Co., Ltd.
7.4.1 Liaoning Rongxin Xingye Power Technology Co., Ltd. Company Information
7.4.2 Liaoning Rongxin Xingye Power Technology Co., Ltd. Introduction and Business Overview
7.4.3 Liaoning Rongxin Xingye Power Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
7.4.4 Liaoning Rongxin Xingye Power Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
7.4.5 Liaoning Rongxin Xingye Power Technology Co., Ltd. Recent Development
7.5 Sieyuan Electric Co., Ltd.
7.5.1 Sieyuan Electric Co., Ltd. Company Information
7.5.2 Sieyuan Electric Co., Ltd. Introduction and Business Overview
7.5.3 Sieyuan Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
7.5.4 Sieyuan Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
7.5.5 Sieyuan Electric Co., Ltd. Recent Development
7.6 TBEA Co., Ltd.
7.6.1 TBEA Co., Ltd. Company Information
7.6.2 TBEA Co., Ltd. Introduction and Business Overview
7.6.3 TBEA Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
7.6.4 TBEA Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
7.6.5 TBEA Co., Ltd. Recent Development
7.7 Mitsubishi Electric Corporation
7.7.1 Mitsubishi Electric Corporation Company Information
7.7.2 Mitsubishi Electric Corporation Introduction and Business Overview
7.7.3 Mitsubishi Electric Corporation Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
7.7.4 Mitsubishi Electric Corporation Static Synchronous Compensator (STATCOM) Product Offerings
7.7.5 Mitsubishi Electric Corporation Recent Development
7.8 General Electric
7.8.1 General Electric Company Information
7.8.2 General Electric Introduction and Business Overview
7.8.3 General Electric Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
7.8.4 General Electric Static Synchronous Compensator (STATCOM) Product Offerings
7.8.5 General Electric Recent Development
7.9 Nari Technology Co., Ltd.
7.9.1 Nari Technology Co., Ltd. Company Information
7.9.2 Nari Technology Co., Ltd. Introduction and Business Overview
7.9.3 Nari Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
7.9.4 Nari Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
7.9.5 Nari Technology Co., Ltd. Recent Development
7.10 Shandong Taikai Power Electronic Co., Ltd.
7.10.1 Shandong Taikai Power Electronic Co., Ltd. Company Information
7.10.2 Shandong Taikai Power Electronic Co., Ltd. Introduction and Business Overview
7.10.3 Shandong Taikai Power Electronic Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
7.10.4 Shandong Taikai Power Electronic Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
7.10.5 Shandong Taikai Power Electronic Co., Ltd. Recent Development
7.11 Shenzhen Hopewind Electric Co., Ltd.
7.11.1 Shenzhen Hopewind Electric Co., Ltd. Company Information
7.11.2 Shenzhen Hopewind Electric Co., Ltd. Introduction and Business Overview
7.11.3 Shenzhen Hopewind Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
7.11.4 Shenzhen Hopewind Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
7.11.5 Shenzhen Hopewind Electric Co., Ltd. Recent Development
7.12 American Superconductor Corporation
7.12.1 American Superconductor Corporation Company Information
7.12.2 American Superconductor Corporation Introduction and Business Overview
7.12.3 American Superconductor Corporation Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
7.12.4 American Superconductor Corporation Static Synchronous Compensator (STATCOM) Product Offerings
7.12.5 American Superconductor Corporation Recent Development
7.13 Ingeteam Inc.
7.13.1 Ingeteam Inc. Company Information
7.13.2 Ingeteam Inc. Introduction and Business Overview
7.13.3 Ingeteam Inc. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
7.13.4 Ingeteam Inc. Static Synchronous Compensator (STATCOM) Product Offerings
7.13.5 Ingeteam Inc. Recent Development
7.14 Beijing In-power Electric Co., Ltd.
7.14.1 Beijing In-power Electric Co., Ltd. Company Information
7.14.2 Beijing In-power Electric Co., Ltd. Introduction and Business Overview
7.14.3 Beijing In-power Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
7.14.4 Beijing In-power Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
7.14.5 Beijing In-power Electric Co., Ltd. Recent Development
8 Industry Chain Analysis
8.1 Static Synchronous Compensator (STATCOM) Industrial Chain
8.2 Static Synchronous Compensator (STATCOM) Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Static Synchronous Compensator (STATCOM) Sales Model
8.5.2 Sales Channel
8.5.3 Static Synchronous Compensator (STATCOM) Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
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.
听
听
*If Applicable.