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Global Static Compensators Market is projected to reach at a Market value of US$1,502 Million by 2031: Visiongain Research Inc

·5-min read

Visiongain has published a new report on Global Static Compensators Market Forecast of 2021 to 2031. In this report Forecasts by Market Breakdown, By Type Segment (Thyristor-based, TCR-FC-TSC, MCR-based) Market Breakdown by Component Segment (Power Electronic Device, Harmonic Filter, Thyristor, Capacitor Bank, GIS Switchgear) Market Breakdown by Vertical (Electric Utility, Renewable, Railway, Industrial, Oil & Gas) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.

According to Visiongain analysis, global static compensators market is estimated to be valued at US$931 million in 2021 and is projected to reach at a market value of US$1,502 million by 2031. Global market is expected to grow at a CAGR of 4.9% during the forecast period 2021-2031.

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Key questions answered in this exclusive report are:

  • What are the implication to contract prices of static compensators projects taking place now and over the next 10 years

  • Where is the static compensators power market heading? And how can you ensure you are at the forefront of the market?

Is your company ready to seize the opportunities that lie ahead?

In recent years, battery energy storage (BES) techniques are fast developing due to the advancement of power electronics and battery technology. This leads to their increasing applications in power systems for different objectives. Since the integration of BES into STATCOM enables itself fast active power provision capability, various control strategies have been proposed to improve the stability of power systems.

What's your business strategy to tackle stiff competition in the static compensators Market?

  • GE to scale up power stability through two new agreements with Iraqi Ministry of Electricity. US727 million agreement with GE Renewable Energy's Grid Solutions business to reinforce Iraq's transmission network.

  • Hitachi ABB Power Grids has signed a definitive agreement to acquire US-based Pioneer Solutions LLC, a provider of industry-leading front-to-back-office Commodities/Energy Trading and Risk Management (C/ETRM) solutions, headquartered in Denver, Colorado, USA.

  • Power management company Eaton announced it has signed an agreement to acquire a 50 percent stake in HuanYu High Tech, a subsidiary of HuanYu Group that manufactures and markets low-voltage circuit breakers and contactors in China, and throughout the Asia-Pacific region.

The comprehensive report offers market estimation and forecast for the period ranging 2021 - 2031 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of Global Critical Infrastructure Protection (CIP)

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How the Static Compensators Market report helps you?
In summary, our 320+ page report provides you with the following knowledge:

  • Revenue forecasts to 2031 for Static Compensators 2021 to 2031 Market, with forecasts for Type, Component, Vertical each forecasted at a global and regional level- discover the industry's prospects, finding the most lucrative places for investments and revenues

  • Revenue forecasts to 2031 for 5 regional and 20 key national markets - See forecasts for the Static Compensators Market, 2021 to 2031 market in Americas, Europe, Asia-Pacific and LAMEA. Also forecasted is the market in the US, Mexico, Germany, France, UK, Italy, Spain, China, Japan, and Australia among other prominent economies.

  • Prospects for established firms and those seeking to enter the market- including company profiles for 10 of the major companies involved in the Static Compensators Market.

Leading Players featured in this new report include:

  1. General Electric Company

  2. Hitachi, Ltd.

  3. Mitsubishi Electric Corporation

  4. American Electric Power Company, Inc. (AEP)

  5. Abb Ltd

  6. Infineon Technologies AG

  7. General Dynamics Corporation

  8. Eaton Corporation Plc (Eaton)

  9. American Superconductor Corporation (AMSC)

  10. Siemens AG

The Global Static Compensators Market Report 2021-2031 report will be of value to anyone who wants to better understand the market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the industry.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence

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Information found nowhere else

With our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain's study is for everybody needing commercial analyses for the Static Compensators Market and leading companies. You will find data, trends and predictions.

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About Visiongain

Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports means that you can have a bespoke piece of market intelligence customized to your very own business needs.


Catherine Walker
PR at Visiongain Inc.
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