Global Gate Bipolar Transistors STATCOM Market Report, History and Forecast 2015-2026, Breakdown Data by Companies, Key Regions, Types and Application

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. This report focuses IGBT based STATCOM.
The leading producers in the sector are ABB, Siemens and Rongxin, which accounted for 15.40%, 14.37% and 9.03% of revenues respectively in 2019.

Market Analysis and Insights: Global Gate Bipolar Transistors STATCOM Market
The research report studies the Gate Bipolar Transistors STATCOM market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Gate Bipolar Transistors STATCOM market size is projected to reach US$ 846.6 million by 2026, from US$ 628.2 million in 2020, at a CAGR of 5.1% during 2021-2026.

Global Gate Bipolar Transistors STATCOM Scope and Segment
The global Gate Bipolar Transistors STATCOM market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Gate Bipolar Transistors STATCOM market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.

Segment by Type, the Gate Bipolar Transistors STATCOM market is segmented into
Low Voltage STATCOM
High Voltage STATCOM

Segment by Application, the Gate Bipolar Transistors STATCOM market is segmented into
Renewable Energy
Electric Utilities
Industrial and Manufacturing
Others

Global Gate Bipolar Transistors STATCOM market: regional analysis, the major regions covered in the report are:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa

The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.

The major vendors covered:
ABB
Siemens
Rongxin
Hitachi
Mitsubishi Electric
S&C Electric
GE
Sieyuan Electric
AMSC
Ingeteam
Comsys AB
Beijing In-power Electric Co., Ltd