Global Gate Bipolar Transistors STATCOM Market Insights and Forecast to 2028

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.
Market Analysis and Insights: Global Gate Bipolar Transistors STATCOM Market
Due to the COVID-19 pandemic, the global Gate Bipolar Transistors STATCOM market size is estimated to be worth US$ 696.7 million in 2022 and is forecast to a readjusted size of US$ 939 million by 2028 with a CAGR of 5.1% during the review period. Fully considering the economic change by this health crisis, Low Voltage STATCOM accounting for % of the Gate Bipolar Transistors STATCOM global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Renewable Energy segment is altered to an % CAGR throughout this forecast period.
Europe is the leading production market for Gate Bipolar Transistors STATCOM, accounting for about 40% of the global market, followed by China with about 20%.
Major manufacturers include ABB, Siemens, Rongxin, Hitachi and Mitsubishi Electric, with the top three accounting for about 40%.
In terms of production side, this report researches the Gate Bipolar Transistors STATCOM capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Gate Bipolar Transistors STATCOM by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Gate Bipolar Transistors STATCOM Scope and Segment
Gate Bipolar Transistors STATCOM market is segmented 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 production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Low Voltage STATCOM
High Voltage STATCOM
Segment by Application
Renewable Energy
Electric Utilities
Industrial & Manufacturing
Others
By Company
ABB
Siemens
Rongxin
Sieyuan Electric
Hitachi
Mitsubishi Electric
S&C Electric
GE
AMSC
Ingeteam
Beijing In-power Electric Co., Ltd
Comsys AB
Merus Power
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E