Global Gate Bipolar Transistors STATCOM Market is Projected to Reach 1074 million USD by 2025
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 global Gate Bipolar Transistors STATCOM market is valued at USD 690 million in 2017 and is expected to reach USD 1074 million by the end of 2025, growing at a Growth Rate of 5.68% between 2017 and 2025. The market is driven by various end-user industries, such as Renewable Energy, Electric Utilitiesa and Industrial & Manufacturing.
The industry is relatively concentration, the key brand include ABB, Siemens, Rongxin, Sieyuan Electric, Hitachi, Mitsubishi Electric, S&C Electric, GE, AMSC , Ingeteam, Beijing In-power Electric Co., Ltd, Comsys AB, Merus Power and so on. Among them, ABB, Siemens, Rongxin and Sieyuan Electric are the leaders.
There are two kinds’ productions constituting the Gate Bipolar Transistors STATCOM, which are Low Voltage STATCOM, High Voltage STATCOM. High Voltage STATCOM is important in the Gate Bipolar Transistors STATCOM.
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The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Gate Bipolar Transistors STATCOM Market Research Report 2018 released by QYResearch provides a basic overview of the Gate Bipolar Transistors STATCOM industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Gate Bipolar Transistors STATCOM industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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