Global Gate Bipolar Transistors STATCOM market will reach 1080 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/1/26

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.

Europe is the largest production of Gate Bipolar Transistors STATCOM, with a production revenue market share nearly 33.26% in 2017.

The second place is China; following Europe with the production revenue market share over 32.99% 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 is valued at 690 million US$ in 2017 and will reach 1080 million US$ by the end of 2025, growing at a CAGR of 5.7% during 2018-2025.

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