Gate Bipolar Transistors STATCOM Market Summary
According to the new market research report “Global Gate Bipolar Transistors STATCOM Market Report 2024-2030”, published by QYResearch, the global Gate Bipolar Transistors STATCOM market size is projected to grow from USD 938.28 million in 2024 to USD 1.26 billion by 2030, at a CAGR of 4.97% during the forecast period (2024-2030).
- Global Gate Bipolar Transistors STATCOM Market Size (US$ Million), 2019-2030
Above data is based on report from QYResearch: Global Gate Bipolar Transistors STATCOM Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
- Global Gate Bipolar Transistors STATCOM Top 14Players RankingandMarket Share (Ranking is based on the revenue of 2023, continually updated)
Above data is based on report from QYResearch: Global Gate Bipolar Transistors STATCOM Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
This report profiles key players of Gate Bipolar Transistors STATCOM such as Hitachi, Ltd., Siemens Aktiengesellschaft, Windsun Science Technology Co., Ltd., Liaoning Rongxin Xingye Power Technology Co., Ltd., Sieyuan Electric Co., Ltd., TBEA Co., Ltd., Mitsubishi Electric Corporation, General Electric, Nari Technology Co., Ltd., Shandong Taikai Power Electronic Co., Ltd., Shenzhen Hopewind Electric Co., Ltd., American Superconductor Corporation, Ingeteam Inc., Beijing In-power Electric Co., Ltd., etc.
In 2023, the global top five Gate Bipolar Transistors STATCOM players account for 56.93% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Gate Bipolar Transistors STATCOM.
- Gate Bipolar Transistors STATCOM, Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global Gate Bipolar Transistors STATCOM Market Report 2024-2030.
In terms of product type, High Voltage STATCOM is the largest segment, hold a share of 96.88%.
- Gate Bipolar Transistors STATCOM, Global Market Size, Split by Application Segment
Based on or includes research from QYResearch: Global Gate Bipolar Transistors STATCOM Market Report 2024-2030.
In terms of product application, Electric Utilities is the largest application, hold a share of 39.67%.
- Gate Bipolar Transistors STATCOM, Global Market Size, Split by Region
Based on or includes research from QYResearch: Global Gate Bipolar Transistors STATCOM Market Report 2024-2030.
Market Drivers:
The application fields of STATCOM include electric utilities, renewable energy, industrial & manufacturing and other fields. These fields occupy an important position in the national economy, and are the industries that the national industrial policy encourages development.
There is more advantages in energy saving and consumption reduction. Compared with other compensation devices, the performance of the product is superior, and it is gradually replacing other products.
STATCOM is widely used. Downstream market demand potential is huge, especially with the sustained and rapid development of renewable energy, electric utilities transient, rail transit, building energy conservation and other fields.
Restraint:
Downstream are high-energy-consuming companies such as power and manufacturing, which are greatly affected by macroeconomic changes. If the macroeconomic downturns, it may affect the willingness to purchase related products.
The core power devices are controlled by several companies, and consumers have poor bargaining power, which makes the cost of products difficult to control.
The market has not yet fully understood the problem of power quality. Due to cost considerations, companies don’t pay enough attention to the investment in power quality management related equipment, affecting the large-scale use of products.
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