Static Synchronous Compensator (STATCOM) Market
Static Synchronous Compensator (STATCOM) Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Static Synchronous Compensator (STATCOM) Market Size and Growth
The global Static Synchronous Compensator (STATCOM) market is expected to witness significant growth due to increasing demand for efficient power transmission and distribution systems. Market size is projected to reach USD 1.5 billion by 2026, with a CAGR of 5.2%. Key players include ABB, Siemens, GE, Mitsubishi Electric, and Schneider Electric.
Companies Covered (Covid 19 Impact Covered)
◍ ABB
◍ Siemens
◍ Rongxin
◍ Hitachi
◍ Mitsubishi Electric
◍ S&C Electric
◍ GE
◍ Sieyuan Electric
◍ AMSC
◍ Ingeteam
◍ Comsys AB
◍ Beijing In-power Electric Co., Ltd
◍ Merus Power
The Static Synchronous Compensator (STATCOM) market is highly competitive, with key players including ABB, Siemens, Hitachi, Mitsubishi Electric, and GE. These companies offer advanced STATCOM solutions to improve power quality and grid stability. Sales revenue actual figures for some of the companies: ABB - $27.6 billion, Siemens - $86.8 billion, Hitachi - $76.1 billion.
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