#Reactive Power Compensation Device Market Analysis
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Synchronous Condenser Market: Size, Share, Trends, Key Players Analysis, and Forecast till 2031
Synchronous condensers are synchronous mains-connected machines without prime movers and they are an essential part of an electric power system used mainly for reactive power support, system stability and voltage control. Electric power systems around the world are under growing demand in terms of size and reliable operation; consequently, the global synchronous condenser market is projected to show tremendous growth.
Market Overview
The market size of synchronous condenser is projected to reach US$ 939.03 million by 2031 from US$ 680 million in 2023, while it is expected to register a CAGR of 4.1% in 2023-2031.
The synchronous condenser market is driven by various factors, including:
Grid Stability: Synchronous condensers keep the grid stable because they can act as a source of reactive power, working the same way that real generators do, helping to compensate for voltage fluctuations, leading to better overall reliability.
Renewable Energy Integration: Abundant intermittent energy sources such as solar and wind power plants, which are increasingly becoming higher penetration in the grid, cause fluctuations in power output. Synchro condensers are able to counteract these fluctuations and deliver grid regulation.
Power Quality Improvement: These devices improve power quality by suppressing harmonics and stabilising voltage, thereby improving the efficiency of sensitive equipment.
Peak Load Management: Synchronous condensers can be used to absorb peak loads by providing reactive power support in high-demand periods, thereby mitigating the need for additional generation capacity.
Market Trends and Growth Drivers
Smart Grid Technology: Development of smart grids is driving demand for smart synchronous condensers which feature advanced control systems and communication ability.
Energy efficiency: Energy efficiency considerations are driving the use of synchronous condensers with high-efficiency ratings.
Geographic diversification of urbanisation and industrialisation: The growing rate of urbanisation and industrialisation in the developing economy is resulting in an increased appetite for power supplies stabilised and secured, which in turn propels the demand in the synchronous condenser market growth.
Regulations from Government: There are regulations which have been created by government firms that are also promoting the demand for synchronous condensers by enhancing grid reliability and supporting the connection of renewable energy.
Market Segmentation
By Cooling Type
Air-Cooled
Hydrogen-Cooled
Water-Cooled
By Reactive Power Rating
Up to 100 MVAr
100–200 MVAr
Above 200 MVAr
By Starting Method
Pony Motor
Static Frequency Converter
Others
By Application
Metal and Mining
Electrical Utilities and Grid Operators
Marine
Oil and Gas
Others
Regional Overview
North America
Europe
Asia-Pacific
South and Central America
Middle East and Africa
Competitive Landscape
The competitive scenario of the global synchronous condenser market features a large number of players, including :
ABB Ltd.
BRUSH Group
Eaton Corporation PLC
Fuji Electric Co., Ltd.
General Electric
Hyundai Idela Electric Co.
Mitsubishi Electric Corporation
Siemens AG
Voith GmBH
WEG Electric corp
Future Outlook
Driven by the growing complexity of the grids, penetration of renewable energy sources, as well as the necessity power, the synchronous condenser market is predicted to witness expansion in the upcoming years. The development of new and more efficient and compact synchronous condensers shall also positively impact the market growth.
Conclusion
Without synchronous condensers, electrical power systems might become unstable or unreliable, leading to outages and other issues. In general, as the demand for clean, efficient, and reliable electrical power increases over time, the market for synchronous condensers is likewise projected to expand substantially. When looking at macro level analysis of data on the synchronous condenser market, there are several major results. First, there are various trends, drivers, and challenges shown that can have a notable impact on market growth. By considering them, leaders can make sound decisions when it comes to the future of the industry.
Frequently Asked Questions
What are the growth drivers of the synchronous condenser market?
Ans - SmartGrid Technology, Energy Efficiency and Urbanization and Industrialization is driving factor of Synchronous condenser Market.
What are the Segments on which the synchronous condenser market research is based on?
Ans - The Cooling Type, Reactive Power Rating, Starting Method and Application are the segments based on which the synchronous condenser market research is presently being carried out.
Which are the major companies in the synchronous condenser market?
Ans- The major key players in the synchronous condensor are ABB Ltd., BRUSH Group, Eaton Corporation PLC, Fuji Electric Co., Ltd., General Electric, Hyundai Idela Electric Co., Mitsubishi Electric Corporation, Siemens AG, Voith GmBH, WEG Electric corp.
How big is the Synchronous Condenser Market?
Ans: The Synchronous Condenser market size will be growing to US$ 939.03 million during the forecast period 2023 to 2031.
What is the Growth Rate of the Synchronous Condenser Market?
Ans: The Synchronous Condenser market is anticipated to grow with a CAGR of 4.1 % during the forecast period (2023-2031).
Reach out to Us: The Insight Partners
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𝐏𝐨𝐰𝐞𝐫 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐛𝐲 𝐒𝐢𝐳𝐞, 𝐒𝐡𝐚𝐫𝐞 & 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 2030 | 𝐆𝐐 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡
The Power Electronics market is set to witness remarkable growth, as indicated by recent market analysis conducted by GQ Research. In 2023, the global Power Electronics market showcased a significant presence, boasting a valuation of US$ 27.89 Billion. This underscores the substantial demand for Power Electronics technology and its widespread adoption across various industries.
Get Sample of this Report at: https://gqresearch.com/request-sample/global-power-electronics-market/
Projected Growth: Projections suggest that the Power Electronics market will continue its upward trajectory, with a projected value of US$ 41.80 Billion by 2030. This growth is expected to be driven by technological advancements, increasing consumer demand, and expanding application areas.
Compound Annual Growth Rate (CAGR): The forecast period anticipates a Compound Annual Growth Rate (CAGR) of 4.25%, reflecting a steady and robust growth rate for the Power Electronics market over the coming years.
Technology Adoption: The adoption of power electronics technologies spans diverse sectors, including automotive, renewable energy, consumer electronics, industrial automation, and telecommunications. Innovations such as silicon carbide (SiC) and gallium nitride (GaN) semiconductors, advanced control algorithms, and digital power management systems enable enhanced efficiency, higher power density, and improved reliability in power electronic devices. Moreover, the proliferation of electric vehicles, smart grids, and renewable energy systems drives the demand for innovative power electronics solutions, accelerating technology adoption across industries.
Application Diversity: Power electronics find applications in an array of systems and devices, ranging from motor drives, inverters, and converters to uninterruptible power supplies (UPS), electric vehicle powertrains, and renewable energy converters. Their versatility allows for precise control of voltage, current, and frequency, facilitating energy conversion and management in diverse environments. Additionally, power electronics play a crucial role in grid stabilization, power factor correction, and reactive power compensation, contributing to the efficiency and reliability of electrical infrastructure.
Consumer Preferences: Consumers value power electronics solutions that offer energy efficiency, reliability, and compatibility with emerging technologies. In the consumer electronics sector, demand for energy-efficient power adapters, chargers, and inverters drives the preference for compact, lightweight, and high-performance devices. Moreover, as sustainability gains prominence, consumers seek products with minimal environmental impact, prompting manufacturers to prioritize energy-efficient designs, recyclable materials, and eco-friendly manufacturing processes.
Technological Advancements: Technological advancements in power electronics encompass improvements in semiconductor materials, packaging techniques, and system integration methods. The development of wide-bandgap semiconductors, such as SiC and GaN, enables higher operating temperatures, reduced switching losses, and increased power density in electronic devices. Furthermore, advancements in digital control algorithms, predictive maintenance techniques, and fault-tolerant designs enhance system performance, reliability, and safety across diverse applications.
Market Competition: The power electronics market is characterized by intense competition among established players, semiconductor manufacturers, and emerging startups. Key market players invest in research and development to drive innovation, expand product portfolios, and gain a competitive edge in rapidly evolving markets. Strategic collaborations, partnerships, and acquisitions enable technology integration, market penetration, and differentiation, fueling market growth and diversification.
Environmental Considerations: Environmental considerations are integral to the design, manufacturing, and operation of power electronics systems. Efforts to improve energy efficiency, reduce power losses, and minimize environmental impact drive the adoption of eco-friendly materials, energy-efficient designs, and recyclable components. Additionally, initiatives to promote circular economy principles, such as product refurbishment, remanufacturing, and end-of-life recycling, contribute to resource conservation and sustainability in the power electronics industry.
Regional Dynamics: Different regions may exhibit varying growth rates and adoption patterns influenced by factors such as consumer preferences, technological infrastructure and regulatory frameworks.
Key players in the industry include:
ABB Group
Renesas Electronics Corporation
Rockwell Automation Inc.
Microsemi Corporation
Texas Instruments Inc.
Infineon Technologies AG
STMicroelectronics NV
Fuji Electric Co.Ltd.
Qualcomm Inc.
Mitsubishi Electric Corp.
The research report provides a comprehensive analysis of the Power Electronics market, offering insights into current trends, market dynamics and future prospects. It explores key factors driving growth, challenges faced by the industry, and potential opportunities for market players.
For more information and to access a complimentary sample report, visit Link to Sample Report: https://gqresearch.com/request-sample/global-power-electronics-market/
About GQ Research:
GQ Research is a company that is creating cutting edge, futuristic and informative reports in many different areas. Some of the most common areas where we generate reports are industry reports, country reports, company reports and everything in between.
Contact:
Jessica Joyal
+1 (614) 602 2897 | +919284395731
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Static VAR Compensator Market Trends, Outlook, and Size Analysis 2023-2030
In the world of electrical power systems, maintaining stability and reliability is paramount. Enter Static VAR Compensators (SVCs), the unsung heroes of the electricity grid. These advanced devices play a crucial role in regulating voltage, improving power factor, and enhancing system performance. Join us as we delve into the dynamic realm of the Static VAR Compensator Market, where innovation meets energy efficiency, and grid stability takes center stage.
Unveiling the Power of Control: Understanding the Static VAR Compensator Market
The Static VAR Compensator (SVC) Market is a key segment of the power electronics industry, dedicated to enhancing the stability and efficiency of electrical grids. SVCs are sophisticated devices that dynamically adjust reactive power to regulate voltage levels, mitigate voltage fluctuations, and improve the power factor of transmission and distribution systems. With the increasing integration of renewable energy sources and the evolving demands of modern power systems, the demand for SVCs is on the rise, driving innovation and investment in the market.
Request Sample Report: https://www.snsinsider.com/sample-request/3195
Exploring Precision Engineering: Segmentation Analysis
To better understand the Static VAR Compensator Market, let's break down its key segments:
Type of SVC: SVCs come in various configurations, including Thyristor-Controlled SVCs (TCSC), Thyristor-Switched Capacitor (TSC), and Thyristor-Controlled Reactor (TCR), each with specific applications and performance characteristics.
Voltage Rating: SVCs are classified based on their voltage capacity, ranging from low-voltage distribution systems to high-voltage transmission networks, catering to diverse grid requirements.
Application: SVCs find applications in transmission grids, distribution networks, industrial facilities, renewable energy plants, and other critical infrastructure, where voltage stability and power quality are paramount.
End-User Sector: Utilities, grid operators, industrial facilities, renewable energy developers, and infrastructure projects are among the key users driving the adoption of SVC technology.
Harnessing Grid Intelligence: Impact on Power Systems
The Static VAR Compensator Market is not just about reactive power control; it's about enhancing grid stability, reliability, and efficiency. By dynamically adjusting reactive power output, SVCs help maintain voltage levels within acceptable limits, improve power factor, and mitigate voltage flicker and oscillations. Moreover, by providing fast and precise response to grid disturbances, SVCs enhance the resilience of power systems, reduce transmission losses, and optimize the utilization of existing infrastructure, leading to cost savings and improved performance.
Global Perspectives: Regional Outlook
The adoption of Static VAR Compensators varies across different regions, influenced by factors such as grid infrastructure, regulatory environment, and energy policies. Developed economies in North America, Europe, and Asia-Pacific lead the market, driven by investments in grid modernization, renewable energy integration, and transmission upgrades. Emerging economies in Latin America, Africa, and the Middle East present opportunities for market growth, as governments prioritize infrastructure development and energy transition initiatives.
Driving Innovation and Collaboration: Competitive Analysis
Leading companies in the Static VAR Compensator Market, such as ABB Ltd., Siemens AG, and GE Renewable Energy, are driving innovation and shaping the future of grid stability solutions. Through research and development initiatives, strategic partnerships, and investments in smart grid technologies, these companies are pushing the boundaries of SVC technology and unlocking new opportunities for grid optimization and resilience. Moreover, startups and technology providers are entering the market, exploring niche applications and disruptive solutions, driving competition and innovation.
Conclusion: Powering a Resilient Future
In conclusion, the Static VAR Compensator Market represents a critical enabler of grid stability and reliability in an era of increasing energy complexity and renewable integration. By harnessing the power of reactive power control and grid intelligence, SVCs play a pivotal role in ensuring the smooth operation of power systems, enhancing energy efficiency, and supporting the transition to a sustainable energy future. As utilities, grid operators, and energy stakeholders embrace the importance of grid stability, let us leverage the potential of Static VAR Compensators to build a resilient, reliable, and sustainable energy infrastructure for generations to come.
Access Full Report Details: https://www.snsinsider.com/reports/static-var-compensator-market-3195
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101Investing review ✨ – Full Review (Features & Platforms)
101investing review - summary
Demo Account: Yes
Min. deposit: $250
Trading Platforms: Desktop, Web & Mobile
Assets: CFDs on Forex, Crypto, Indices, Stocks & Commodities
No commissions
Quick sign up
Visit 101investing
82% of retail investor accounts lose money when trading CFDs
When choosing an online broker for trading, especially CFDs, you may encounter misguiding information that can make the whole search complicated. 101investing is such a broker, and so we have prepared a review of the 101investing broker to make it easy for you to understand the platform.
In this 101investing broker review, we break down the platform’s features, account types, regulations and give you all the details you need to know about 101investing.
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Our 101investing review: What is 101investing?
101investing is an online trading platform that provides complex financial derivatives (CFDs) on over 250 financial instruments. An investor can trade CFDs on shares, Forex, Cryptocurrencies, Commodities, Indices, and Precious Metals.
101investing firm was established in 2016 in Cyprus as part of the FXBFI Broker Financial Invest Ltd. Being in Cyprus, and the broker gets authorization and regulations from Cyprus Securities and Exchange Commission (CySEC). Like many other brokers regulated by CySEC, 101investing holds a membership position with Investor Compensation Fund (ICF), which means investors are guaranteed compensation if the broker collapses.
The broker offers several account types (Pro, Platinum, Gold, and Silver) and Islamic and demo accounts. In this review of the 101investing platform, we discuss the different trading platforms and each account’s features.
Things we like
Easy sign up
Innovative platform
Wide variety of markets
Things we don't like
High percentage of retails losing money
Trading Platforms
101investing broker offers its clients access to the powerful Meta Trader 4 (MT4) platform for trading both on the web and on downloadable software.
Meta Trader 4
The MT4 platform is rich with features that most traders love. It has a simple interface that can be easily customized to create a preferred trading environment to boost the trading experience.
The 101investing MT4 platform is downloadable from the 101investing website, both for Windows and Mac devices. You can sign up from the software or log in using your account details so that you can fully enjoy the platform.
Some of the features that you’ll find on the MT4 platform include:
9-time frames ranging from one minute to one month to allow you to set your trading time accordingly.
More than 30 in-built indicators such as RSI, Bollinger Bands, Moving Average, MACD, and many others to help you conduct comprehensive market analysis.
Complete trade history for reference and strategy testers for backtesting with the historical data.
Multiple market order types such as instant, pending, and limit orders and their execution modes.
One-click trading as well as automated trading with EAs (expert advisors).
Over 24 analytical tools such as Fibonacci and Gann tools, shapes, and arrows for easy market analysis.
MQL editor that helps you to create trading tools and customize them according to preference.
The user interface is fully customizable to suit the traders’ requirements.
Price alert notifications pop up on the trading platform or are sent to the email or show up as an SMS.
WebTrader
The WebTrader allows you to trade on the MT4 platform online without downloading the software. It’s the parent host for the 101investing trading platform.
With the WebTrader, you’ll have access to more than 250 financial assets, over 30 indicators, analytical tools, and many other features. Since it’s accessed on the internet browser, you’ll need to have a stable internet connection and a secured browser.
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Markets and Trading Products
101investing offers many financial assets that you can trade as CFDs. They include:
Forex – There are over 45 currency pairs that you can trade on CFDs. The most popular currency pairs are EUR/USD, EUR/JPY, and AUD/USD.
Stocks – There are over 75 stocks (popular globally) on 101investing trading platform which are tradable on CFDs. The most-traded global stocks are Facebook, Sony, Microsoft, Intel, eBay, and Amex.
Cryptocurrencies – Popular cryptocurrencies like Bitcoin and Ethereum are available on 101investing. There are over 20 other cryptocurrencies on the platform and can be traded as CFDs.
Commodities – Both hard and soft commodities are available for CFD trading. Some of the popular commodities are gas, oil, silver, brent, coffee, corn, and gold.
Indices – You can trade the world’s most popular indices such as S&P 500, CAC 40, FTSE100, and DAX 30.
101investing Fees
Fees are charged as trading and non-trading fees. However, the broker charges no commissions on the trades, so investors can freely trade on any asset.
Trading Fees
On 101investing, the amount of trading fees varies depending on the type of account you’re holding and is commonly known as the spread.
Looking at each account type, you’ll realize that spreads start from 0.07 pips on a Silver account, 0.05 pips for a Gold account, and 0.03 pips for a Platinum account. Spreads also vary depending on the asset you’re trading on.
For example, spreads on indices start from 1.0 pip, 0.03 pips on commodities, and 0.7 pips on forex.
Non-trading Fees
Non-trading fees are charged in different ways. Such as:
Inactivity fees – an account is classified as inactive if no activity is done on the account for 60 days. After 60 days, a high inactive fee (about 160 EUR) is imposed on the account. The inactivity continues to be reviewed, and more charges are incurred after every 30 days. If the account balance is zero, the account is turned into a dormant account and can be reactivated if the investor contacts the company and funds the account again.
Deposit and withdrawal fee – 101investing does not charge a deposit or withdrawal fee. However, a small fee may apply if the amount withdrawn is less than €100.
Overnight fees – This is a fee charged on positions left open through the night. It’s also called Swap or Financing fee or Rollover fee.
How to Open an Account with 101investing
The process of opening an account with 101investing is quick and only takes a few minutes to complete. Here are five simple steps in opening a live trading account.
Step 1 – Go to the 101investing homepage and click on the “Open Account” button on the page.
Step 2 – Fill in the form requiring your details. You’ll be required to provide your valid email address and a working phone number in this form. You’ll then get a second form which will require more information like your residence address and birthday.
Step 3 – In the next step, you’ll be prompted to answer a few questions on your experience and economic profile, which will be helpful in customizing your account. The questions will be about your trading experience, your net worth, and your source of income.
Step 4 – Verify your 101investing account by providing documents showing your proof of identity and proof of address. Providing these documents is a requirement as per the KYC & AML regulations.
Step 5 – The last step is to fund your 101investing account with a minimum of $250 and start making trades. Before proceeding to this step, it’s important to carefully read through terms and conditions and understand them and continue with the process if you agree to them.
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Deposit Methods
Deposits
On the 101investing trading platform, there are several payment options accepted from different regions, while others are universal. Some of these deposit methods include:
Traditional bank wire transfer.
Credit and debit cards
eWallets like Skrill, WorldPay, eMerchantPay, SafeCharge, Paydoo, and SolidPay.
All deposits are free and do not incur any broker deposit charges on 101investing. The minimum deposit is set at $250.
Withdrawals
Withdrawals on 101investing are initiated by sending a withdrawal request email to the support team or filling a request form available on the Client Portal. The request is processed within the same day or the following day, depending on the time the request was sent.
Whether you receive the cash on the same day or not depends on the payment method you’re using to receive the funds. Some like e-wallets receive payments instantly, while bank transfers can take up to 7 days.
Withdrawals are free for any amount. However, FXBFI Financial Broker Invest Ltd can charge a standard withdrawal fee of EUR 50 if the account had been left inactive or with little activity before requesting for withdrawal.
Account Types
On 101investing, you’re spoilt for choice when it comes to account types. The broker offers all clients access to a demo account, which they can use to familiarize themselves with the platform before trading on the live account.
Let’s look at the different account types.
Demo Account
The demo account allows any prospective user to test the MT4 platform and try out all available features. It’s customized to respond to real market movements and price fluctuations in real-time.
The demo account has access to virtual cash, which traders can use to practice in the demo account under real market conditions. The demo account’s risk-free nature allows new users to practice comfortably until they are familiar with the platform.
The demo account is not mandatory, so you can choose to use it or not. It’s only there for occasions when you need it. For example, you might need to test new indicators and trading strategies without risking your account balance so you can use the demo account.
Real Accounts
101investing has four account types, namely Silver, Gold, Pro, and Platinum. They all have different features that make each of them unique.
Silver Account
It allows a minimum deposit of $250.
The spreads start from 0.07 pips.
The maximum leverage is 1:30.
Trade over 250 financial assets.
No commissions.
Gold Account
Clients receive a 25% discount on overnight charges.
The spreads start at 0.05 pips.
The maximum leverage is 1:30.
Access to over 350 financial assets.
No commissions.
Platinum account
Clients receive a 50% discount on overnight charges.
The Forex spreads start from 0.03pips.
The maximum leverage is 1:400.
Access to over 250 financial assets.
No commissions.
All these three accounts have access to a dedicated account manager, free VPS, and news updates. Also, they allow hedging for both retail and professional clients.
Professional account
The professional account is exclusive and personalized for VIP clients. Such a client has to qualify by meeting any two of these requirements.
They should have a portfolio greater than $500,000 exclusive of property & cash.
Their trading history should show positions of the significant amount placed down to broker discretion.
They should have a work history as a professional trader.
Any client with proof of any two of these requirements qualifies as a professional trader, and all ESMA regulation restrictions are removed.
With the professional account, leverage goes up to 1:500 or more as they continue to trade.
Islamic Account
101investing accepts Shariah-abiding clients and thus creating an account for them which is compliant with the Shariah law. These traders enjoy swap-free trading services and can trade following their beliefs.
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Leverage
The leverage varies depending on the account type, the financial asset being traded, and whether the client is retail or professional. The leverages are set in compliance with the ESMA standards as per the CySEC regulations.
Silver and gold account holders enjoy maximum leverages of 1:30, while platinum account holders enjoy leverages as high as 1:400. Retail clients have the leverages vary across assets as follows:
Forex – 1:30
Commodities and Indices – 1:20
Cryptocurrency – 1:2
Stocks – 1:5
Professional clients holding pro accounts enjoy higher leverages of 1:500 on some assets.
All clients (retail and professional) are warned of the risks involved when using leverage and encouraged to use risk management tools available on the 101investing platform.
Mobile Apps
The MT4 mobile app helps the trader experience all the powerful MT4 features right on the palm of their hands. With access to all the analytical tools and trading capabilities of the MT4 platform, traders can trade comfortably, just like with the desktop platform or the WebTrader.
The app can synch activities performed on the desktop or Webtrader and continue them on the app. For example, if you place a trade on the WebTrader, you can go on your business and later close the trade on the mobile app.
The app is compatible with Android and iOS operating systems. Once installed, clients have access to all features, including order types and their executions, charting tools, trading history, different time frames, and contact support right on the app.
Deals & Bonuses
101investing runs an affiliate program accompanied by high payouts up to $800 per successful referral. The payouts are determined by the number of trades a referral makes, VIP conditions, account upgrades, and high performance on the platform.
101investing operates under strict CySEC regulations and restrictions, which limit the offering of bonuses to the clients. Such bonuses like the first deposit bonus are not available on 101investing, even though some brokers offer it to their customers.
Such bonuses are meant to attract new clients and motivate registered members to invite others and help the platform grow. 101investing is way past that and thus focuses on quality clients and offering them quality services.
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101investing Regulation
A well-regulated broker has to fulfill all compliance obligations and meet set financial standards and legal requirements for its operation in a designated region. 101investing as a part of the FXBFI Broker Financial Invest Ltd follows regulatory guidelines from CySEC and holds a license with the number 315/16.
The FXBFI Broker Financial Invest Ltd is licensed to offer both investment and ancillary services. The investment services include:
Receiving and transmitting orders placed on any financial instrument.
Executing the orders on behalf of the investors.
The ancillary services are:
Administering financial assets and keeping funds safe in services like custodianship.
Offering foreign exchange services and providing investment services.
The license is subject to the law as CySEC is a member of the European Securities and Markets Authority (ESMA). The law culminates with the EU regulation, MiFID II. It allows for the provision and operation of investment services as well as the operation of regulated financial markets to ensure high-level security for the investor and their investment.
Pros & Cons
Like any other online trading broker, there’s what to love and what not to love about 101investing.
Pros
The broker is registered and strictly regulated by the reputable CySEC regulator.
It uses the MT4 trading platform, which many clients love because of its user-friendliness and powerful features.
There is a wide selection of educational materials available for clients to learn using them.
The availability of multiple account types allows clients to open one that suits their needs and preferences.
There are multiple deposit options that clients can use to fund their accounts despite their location.
Trading on the platform is cheap as the broker charges zero commission on trades.
Cons
The spreads are not very tight.
US clients cannot open an account with 101investing.
There are no daily updates on market analysis.
The broker doesn’t offer social trading services.
The broker charges a very high account inactivity fee.
Customer Service
101investing is increasingly improving its customer service, as there are now several ways to contact the support team. The support is available on business days, Monday to Friday, from 0800 h to 1800 h GMT.
Some of the ways to contact the support team are through:
Phone – +357 80092740
Live chat on the mobile app and the website.
The online contact form on the ‘Contact Us’ page.
Email – [email protected]
The response time to any of your queries will depend on the time you send in your query, but most people seem satisfied with the live chat response speed.
The broker has created an FAQ segment where you can find answers to some of the queries you may encounter, so you might want to check through this section before reaching out to support.
Security
As mentioned earlier in this 101investing trading broker review, the broker is registered, licensed, and regulated by CySEC and adheres to EU law regulations.
Other than the broker regulations offered by regulatory bodies, the broker has invested in state-of-the-art features that keep the clients safe as they trade on the platform. Such features include:
Impenetrable firewalls and SSL software.
Platform moderation by level 1 PCI compliance service.
Servers are installed in SAS 70 certified data centers.
Clients can also trade with peace as their funds are protected in the CySEC regulations. The regulations require that clients’ funds be segregated and kept separate from the company’s funds.
Also, its membership with Investor Compensation Fund (ICF) guarantees compensation for clients with account balances of up to $20,000 in case the broker liquidates.
Taking personal measures to keep the account safe is also recommended because of the possibility of hacking by online fraudsters. Therefore, clients are encouraged to use strong passwords, two-step authentication measures, safe and protected browsers, and secure internet.
Our Conclusion on 101investing
101investing has been in operation since 2016, and within a short time, it has amassed a good client base and a good reputation. Their license numbers are legit, and their credibility cannot be questioned.
In our view, the broker is a good choice for both amateur and veteran traders. All investors, whether retail or professional, enjoy good security for their investment as well as protection for their data.
Before signing up for 101investing, we’d recommend that you check out reviews from people who have already been using the site and shared their experiences. You can also check out the 101investing website for learning materials you can use to equip yourself before starting the site.
The demo account comes in handy to prepare you for the real market as you can trade in real market conditions using the virtual cash available in the demo account. With enough practice, you’ll be ready to make huge profits from the broker.
101investing has a wide range of financial assets that you can trade on CFDs. These assets include cryptocurrencies which are now very popular in the world market. The platform offers a great opportunity to profit from all these financial assets, including stocks from big companies across the world.
Our review of the 101investing broker serves as a guide to what the broker is about and the services they offer so that you’re able to make an informed decision before choosing it as a broker of choice. You should remember that the risk involved in trading CFDs is very high, and therefore, you should look out for the investment you make to ensure you get the projected returns.
101investing
Easy to use
Min. deposit: $250
No commissions
Visit 101investing
82% of retail investor accounts lose money when trading CFDs
Sign up now to win a gift card –>
Accepted Countries
101investing accepts clients from select countries. Some of these countries include Czech Republic, Ireland, Greece, Netherlands, Cyprus, United Kingdom, Finland, Switzerland, Liechtenstein, Slovakia, Romania, Slovenia, Sweden, Norway, Iceland, Malta, Portugal, Austria, Hungary, Poland, Spain, Lithuania, Latvia, Croatia, Italy, Luxembourg, Estonia, Bulgaria, Germany, Denmark, and the Netherlands.
All these accepted countries belong to the European Union. Clients from the United States and other regions outside the EU are not allowed to open accounts with 101investing.
FAQ
Is 101investing legit?
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Medium Voltage Vacuum Contactors Market - Size, Share, Outlook, and Opportunity Analysis, 2018 - 2026

Contractor is an electrically controlled switch used for switching an electric power circuit. It comprises three parts, namely Contacts as the current carrying component, electromagnet as the driving force to close the contacts, and enclosure is a frame enclosing the contact and electromagnet. Vacuum contactors utilize vacuum bottle encapsulated contacts. Vacuum contractors are widely used at medium voltages i.e. 1000 V-5000V, as effective circuit breakers in various applications. Vacuum contactors are only applicable for use in AC systems. These contactors are used in conveying and elevator systems, pumping stations, air conditioning systems, as well as in systems for reactive power compensation, and can therefore be found in almost every industrial sector.
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The power sector growth is a major driving factor for the medium voltage vacuum contractors market
Vacuum contactors are very efficient at disrupting the energy of an electric arc and are used when relatively fast switching is required, as the maximum break time is determined by the periodicity of the AC waveform. For example, in the case of 60HZ power (U.S. standard), the power will discontinue within 1/120 or 0.008333 of a second. Medium voltage vacuum contactors are load breaking devices with a limited short-circuit making and breaking capacity for applications with high switching rates of up to 1 million operating cycles. Advantages associated with using a vacuum as a switching medium are long electrical and mechanical life, extremely compact size and no arc chutes or blow out coils. Thus, the market of medium voltage vacuum contactor is expected to grow with growth of the Heating, Ventilation and Air Conditioners (HVAC) application.
North America is the second-largest market for medium voltage vacuum contactors due to increasing generation and consumption of power in this region. For instance, according to Enerdata’s Global Energy in 2017, the rate of energy consumption in North America was 4,365 TWh, accounting for around 21% of the total consumption in the world. Similarly, the region generated 4,970 TWh in 2016. Medium voltage vacuum contactors are suitable for application that require large transformers or large motors, such as applications in the power generation and transmission industry. Thus, growth of the power sector in the region is expected to boost growth of the medium voltage vacuum contactors in North America.
Medium Voltage Vacuum Contractors: Competitive Insight
Some of the key players operating in the medium voltage vacuum contactor are Eaton, ABB, Toshiba, Siemens, General Electric, Joslyn Clark, Mitsubishi Electric, Arteche, and Tavrida Electric.
Medium Voltage Vacuum Contractors: Taxonomy
By Voltage:
1-3.6 KV
3.7-7.2 KV
7.3-15 KV
Above 15 KV
By End Users:
Utilities Sector
Industrial Sector
Commercial Sector
Mining Sector
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
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Global STATCOM market
Global STATCOM market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of ~15% during the forecast period.
Global STATCOM Market
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Market Definition
A STATCOM stands for static synchronous compensator. It is a voltage regulating device which is generally used in flexible alternating current electricity transmission systems (FACTS). It is also known as STATCON that is static synchronous condenser.
Market Dynamics
A global STATCOM market has witnessed tremendous growth from the past few years. The growth of STATCOM market is attributed to the large scale adoption of STATCOM regulating devices for applications such as in renewable energy markets, wind and solar farms, rolling mills, mining and heavy industry and in electric arc furnaces applications. An increasing demand for electricity in developing economies, rising industrialization and urbanization, rising integration of STATCOM with energy storage devices and ongoing technological advancements in electronics, robotics and automation systems are expected to improve the growth of the market during the forecast period. The STATCOM device provides some benefits such as superior performance, steady voltage of power grid applications and improved transmission capacity, which are ultimately propelling the growth of the market.
However, high initial cost related with installations of STATCOM solutions is the major restraining factor that could hinder the growth of market.
Global STATCOM Market: Segmentation Analysis
By industry, power transmission segment dominated the market in 2019 and is projected to witness fast growth at a CAGR of XX% during the forecast period. A growing installation of STATCOM solutions in transmission grids to provide grid operators with fast response time, enhanced options of functioning voltage, reactive power compensation and small footprints is attributed to the growth of the market. Additionally, benefits such as robust recovery support and high reactive output is making them more demandable in power transmission industry. An increasing need to efficiently transmit and generate power and electricity using transmission line to different consumers across the globe and rising demand to improve the voltage profile of transmission system is expected to impel the growth of the market during the forecast period.
Global STATCOM Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. Countries such as China, Japan, India, and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the rising installations of STATCOM solutions in power grid applications.
Increasing demand for power and electricity in developing economies, rising demand from renewable energy markets such as from solar panel installations, wind farms, solar farms markets and increasing government’s investments and initiatives to provide electricity across the countries is expected to propel the growth of the market in APAC region.
According to MMR study, in June 2018, Siemens Company has commissioned world largest STATCOM solutions with 400 kV and worth of approximately €78 million, at Power Grid Corporation of India’s (PGCIL) substation in Odisha.
In March 2019, NR Electric Co. Ltd has effectively commissioned STATCOM system with 120MVar at Gujirat Energy Transmission Corporation Limited (GETCO) in India.
The objective of the report is to present a comprehensive analysis of the Global STATCOM Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global STATCOM Market dynamics, structure by analyzing the market segments and projects the Global STATCOM Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global STATCOM Market make the report investor’s guide. The Scope of Global STATCOM Market
Global STATCOM Market, By Product Type
• Low Voltage STATCOM (less than 20Mvar) • Medium Voltage STATCOM (20 – 100Mvar) • High Voltage STATCOM (greater than 100Mvar) Global STATCOM Market, By Industry
• Power Distribution • Mining • Offshore Oil and Gas • Steel Manufacturing • Automobile Manufacturing • Power Transmission Global STATCOM Market, By Region
• North America US Canada • Europe UK France Germany Italy Spain Norway Russia • Asia Pacific China India Japan South Korea Australia Malaysia Indonesia • South America Brazil Mexico Argentina • Middle East and Africa Global STATCOM Market, Key Players
• Bharat Heavy Electricals Limited (BHEL) • General Electric India Ltd • Veeral Controls Pvt. Ltd • NR Energy Solutions India Pvt. Ltd • Ingeteam, Inc • Siemens AG • Toshiba Corporation • NR Electric Co., Ltd • S&C Electric Company • ABB India Limited • Schneider Electric India Pvt. Ltd • JEMA Energy USA LLC • Crompton Greaves Limited • Mitsubishi Electric India Pvt. Ltd • Statcom Solutions • Signotron India Pvt. Ltd • Power One Micro Systems Pvt. Ltd • XX • XX For More Information Visit @: https://www.maximizemarketresearch.com/
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Flexible AC Transmission Systems (FACTS) Market with Covid-19 Impact Analysis by Compensation Type (Shunt, Series, and Combined), Generation Type, Vertical, Component, Application, Functionality, and Geography - Global Forecast to 2025 published on
https://www.sandlerresearch.org/flexible-ac-transmission-systems-facts-market-with-covid-19-impact-analysis-by-compensation-type-shunt-series-and-combined-generation-type-vertical-component-application-functionality-and.html
Flexible AC Transmission Systems (FACTS) Market with Covid-19 Impact Analysis by Compensation Type (Shunt, Series, and Combined), Generation Type, Vertical, Component, Application, Functionality, and Geography - Global Forecast to 2025
Rising demand for STATCOM devices for voltage control
The FACTS market is projected to reach USD 1.5 billion by 2025 from USD 1.2 billion in 2020; it is expected to grow at a CAGR of 5.4% during the forecast period. The growth of the FACTS market is driven by the increasing benefits offered by FACTS, growth in transmission lines, rising focus on energy generation using renewable sources, and rising demand for STATCOM devices for voltage control. Further, rising investments in transmission networks, and potential opportunities in APAC are the opportunities for FACTS manufacturers.
FACTS devices are employed across the world to cater to high power quality and network reliability needs. This has led to an increased demand for STATCOM. STATCOM is a power electronic device that uses communitated devices such as GTO and IGBT to regulate reactive power flow through a power network, thereby increasing the stability of a power network. STATCOM is used to stabilize the network voltage in order to keep it constant at a set reference value. The increasing demand for electricity, growing need for renewable electricity generation, rising stringent regulations by regulatory authorities pertaining to power quality, and increasing need for upgrading aging transmission infrastructure are among the factors driving the growth of the STATCOM market, which would, in turn, boost the growth of the FACTS market.
The market for shunt compensation led the FACTS market
Shunt compensation is used for various applications such as voltage stabilization, dynamic reactive power control, increased transmission capacity, power oscillation damping, higher transient stability, system voltage balance maintenance, reduced transmission losses, and voltage control. Low installation cost when compared with other systems and improved efficiency along with higher rating across distribution circuits are a few factors that are expected to increase the demand for shunt systems. Further, shunt compensation is classified into static synchronous compensator (STATCOM) and static VAR compensator (SVC).
Impact of COVID-19 on generation types
The FACTS market in 2020 is expected to witness a decline due to the outbreak of the COVID-19 pandemic. COVID-19 has significantly affected the growth of the construction & engineering industry. Many hardware manufactures are witnessing shortage of labor, which consequently has hampered the production. Moreover, the COVID-19 pandemic has resulted in delays in the ongoing power projects. The projects might resume in the last quarter of 2020 or Q1 of 2021, hence, the market is expected to grow in 2021 over 2020. As compared to the first generation FACTS devices, the end users such as utilities, renewables, and industries are preferring second generation FACTS systems, i.e., STATCOMS, due to their ease of use and superior voltage control.
FACTS to captures the major market share in Europe
Europe is the largest market for FACTS; it accounted for ~35% market share in 2019. The FACTS market in this region is segmented into Germany, France, the UK, and the Rest of Europe (Sweden, Italy, Spain, Switzerland, and the Netherlands). Presently, the UK is the largest consumer of FACTS in Europe. Rising industrial production and expanding population are increasing the demand for electricity across the European countries. This, in turn, results in the growth of the FACTS market in this region. Further, government regulations regarding carbon-free power transmission and grid code in Europe are expected to drive the FACTS market in this region.
Key manufacturers such as ABB, Siemens, Infine on, and Ingeteam are also driving the growth of the FACTS market in this region as these manufacturers provide FACTS devices to a large number of electricity transmission projects in Europe.
The breakup of primaries conducted during the study is depicted below:
By Company Type: Tier 1 – 50%, Tier 2 – 30%, and Tier 3 –20%
By Designation: C-Level Executives – 35%,and Directors– 30% and Others – 35%
By Region: Americas– 40%, Europe – 25%,APAC– 20% and ROW– 15%
Research Coverage
The report segments the FACTS market and forecasts its size, by value, based on region (Americas, Europe,Asia Pacific, and RoW), compensation type, vertical, generation type, and application.
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the FACTS market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Buying This Report
This report includes market statistics pertaining to the compensation type, vertical, generation type, application,and region.
An in-depth value chain analysis has been done to provide deep insight into the FACTS market.
Major market drivers, restraints, challenges, and opportunities have been detailed in this report.
The report includes an in-depth analysis and ranking of key players.
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Shunt Capacitor Market Depth Study, Analysis, Key Drivers, Top Players, Trends and Forecast 2024
Market Research Future published a research report on “Global Shunt Capacitor Market Information Report- Forecast till 2024” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024.
Market Overview
As per a detailed analysis by Market Research Future (MRFR), the global shunt capacitor market is anticipated to touch a valuation of USD 893.8 million, garnering a CAGR of 6.72% during the forecast period (2015-2023). the surging power consumption across the globe is promoting the market growth across the globe. Shunt capacitor can be defined as an electrical equipment which helps to improve the quality of electricity supply and also allows efficient operation of the power systems. They are installed to offer power factor correction or capacitive reactive compensation.
Market Potential and Pitfalls
The global Shunt Capacitor Market has experienced a tectonic surge over the last few years. Its application is increasing at a rapid pace mainly due to its easy and quick installation, low cost, and convenient virtual development. The surging power consumption and growing investment in renewable energy power generation has propelled the growth of the market across the globe. Shunt capacitors are extensively adopted in the commercial and industrial sector as a safety and reliable device due to its properties like improved voltage regulation, improvement of the voltage at the load, postponement of investments in transmission, and reduction of losses. The low manufacturing cost and its compact design makes it permeable for the installation in industrial and utilities sector. Due to increase in population across the globe along with steady industrialization, the demand for uninterrupted electric supply is propelling. With the growing need for reliable electric supply and investment in grid expansion, investment in transmission & distribution network, and safe electrical infrastructure, the shunt capacitor market is likely to flourish across the globe.
On the contrary, high initial investments along with the fluctuation in raw material prices are considered to restrict the shunt capacitor market growth in the coming years.
Competitive Dashboard
The prominent players operating in the global shunt capacitor market comprises Schneider Electric (France), ABB Ltd. (U.S.), Siemens AG (Germany), General Electric Company (U.S.), Eaton Corporation Plc (Ireland), Larsen & Toubro Ltd (India), Magnewin Energy Private Limited (India), Aerovox Corp. (U.S.), Energe Capacitors Pvt Ltd (India), CIRCUTOR, SA (Spain), and others.
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Global Shunt Capacitor Market: Segmental Analysis
The global shunt capacitor market has been segmented on the basis of voltage and end-users.
By mode of voltage, the global shunt capacitor market has been segmented into low voltage, medium voltage and high voltage. Among these, the high voltage occupies the largest market share. The segment held a share of 63.47% and estimated a value of USD 362.3 million in 2016. As these capacitors offer excellent thermal shock performance and high reliability, they are extensively used in the global market.
The end-user segment of shunt capacitor market comprises industries, utilities, and others. Among these, the utility segment acquired the largest market share of 56.30% with a value of USD 321.4 million in 2016. The utilities sector extensively use shunt capacitors at utilization and distribution voltages in order to offer reactive power near inductive loads. Shunt capacitors are widely used in this segment to prevent damages to expensive and critical equipment. With the growing electricity access across the globe, the number of substations will increase, thereby triggering the demand for shunt capacitors.
Regional Insights
Geographically, the shunt capacitor market has been studied under regions namely, Asia Pacific, Europe, North America, and the Rest-of-the-World (RoW).
Considering the global scenario, the Asia Pacific region held the largest market share of 41.30% in 2016. The regional market valued at USD 235.7 million and is likely to acquire the CAGR of 7.34% in the foreseeable future. There has been a surging demand for energy due to the booming population coupled with the improving lifestyle in this region. China is considered the world’s largest market for power transmission & distribution. As per IEA World Energy Investment Outlook, China is likely to invest USD 83 billion on transmission & distribution network. Such factors are promoting the growth of the regional market.
Europe bags the second position in the global market and touched a valuation of USD 151.0 million in 2016. The surging number of cross-border interconnections is anticipated to propel the growth for transmission and distribution equipment in this region. The region is also likely to develop an interconnected grid which can transfer electricity between nations. Such interconnected systems improve the grid reliability and combining reserves coupled with the reduction in the investments in power-generating capacity. Such factors are highly influencing the growth of the regional market during the assessment period.
The North American region is considered a major market for shunt capacitor and acquired a market share of 19.7% with a value of USD 112.2 million in 2016. The surging demand for replacement of aging infrastructure along with government initiatives to enhance the existing T&D grid propels the growth of the regional market.
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Following are major Table of the Covid 19 Analysis on Shunt Capacitor Market:
Global Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
Global Market competition by top Players
Analysis by Regions
Consumption by Regions
Consumption, By Types, Revenue and Market share by Types
Consumption, By Applications, Market share (%) and Growth Rate by Applications
Complete profiling and analysis of Players
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Global Market Effect Factors Analysis
Global Shunt Capacitor Market Forecast
Global Market Research Findings and Conclusion, Appendix, methodology and data source
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India Statcom Ups Market Forecasts to Set Phenomenal Growth by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market forecast now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its demand high during the assessment period, from 2016 to 2024. These UPS systems find extensive application in oil and gas offshore platforms, power transmission over a long distance, automobile industry, and mining industries.
Some of the well-established companies operating in the India STATCOM UPS Market are Bharat Heavy Electricals Limited (BHEL), Power One Micro Systems Pvt. Ltd, Schneider Electric India Pvt. Ltd., ABB India Limited, Mitsubishi Electric India Pvt. Ltd., and General Electric India Ltd.
Transparency Market Research (TMR) has come up with a report on India STATCOM UPS market that delves deeper into the market dynamics and offers a detailed view. Experts at TMR prophesize that the India STATCOM UPS market will register double-digit growth rate of 16% CAGR during the period of assessment, from 2016 to 2024. The market is expected to reach an estimated value of US$ 113.9 mn through 2024.
Increased Industrial Activities to Accentuate Demand in the Market
For the purpose of analysis, the India STATCOM UPS market is split into the principal regions of North India, East India, South India, and West India.
Asia Pacific is one of the rapidly growing regions in the global STATCOM UPS market with India spearheading growth of the market in Asia Pacific. Increased industrial and construction activities demand use of reliable and continuous source of power flow. Given such need, STATCOM UPS comes to rescue offering reliable and constant flow of power. Amongst the regions, it is expected that West India and South India will the country regionally in the India STATCOM UPS market. Such dominance is due to rapid rise in industrial and construction activities in these parts of India.
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Lack of Reliable and Uninterrupted Source of Power Spurs Demand for STATCOM UPS
Transmission grids of present days are changing and getting more complicated and difficult to manage. Utilities across the globe are facing various grid challenges like retirement of thermal plants, aged transmission infrastructure, increased demand for power, augmented utilization of renewable sources for power and strict regulations laid down by governments. These challenges pose considerable threat to the stability of power flow making network operators struggle with stability issues under post fault and fault clearing scenarios. Capitalizing on these threats, India STATCOM UPS market is likely to exhibit considerable growth during the assessment period.
Over the last few years, India has seen a surge in industrial activities leading to augmented demand for power and sustainable techniques of energy management. The growing need for devices offering and keeping control over constant supply of power arises out of increasing demand for constant flow of electricity. STATCOM UPS and SVC UPS are two such popular devices that are utilized all over the country.
Inconsistent supply of power across India has posed threats for many industries, many of which are facing losses due to unavailability of reliable source of power. Voltage fluctuation and total harmonic distortion adversely affect industrial activities in almost each and every state of India causing delay or total stoppage of operations. This has led to organizations exploring new and innovation solutions that would provide reliable and constant supply of power to ramp up its production capabilities. Demand for such power is likely to amplify growth opportunities for India STATCOM UPS market over the assessment period.
In addition to that, government initiatives like Ujwal Discom Assurance Yojana better operational and financial capacity of power distribution systems that are owned by the state. Such initiatives are likely to fuel expansion of India STATCOM UPS market.
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Static VAR Generator Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025
Static VAR (Volt-Ampere Reactive) Generator which is also called high-voltage dynamic responsive power gadget & static synchronous compensator, performs dynamic power compensation with the help of reactive power compensation by a self-commutated control semiconductor connect inverter. Power quality has critical effect on power efficiency of static VAR generator. Good power quality lessens the vitality of energy loss and expands equipment lifespan for lower cost of static VAR generator.
Various industries are adopting a wide assortment of electronic equipment to encourage the production procedure, due to which power quality alteration has become a common problem. Compared with traditional SVC (static VAR compensator) such as the thyristor controlled reactor (TCR), capacitor reactor, modulator, and Static VAR generator; Static VAR generator is the finest solution in the most advanced dynamic reactive power compensation device all over the world.
Market Overview:
Static VAR generator is the representative of most current innovations in VAR compensation area. SVG is associated in parallel to the grid, like a variable VAR current source. Its VAR current can change following fluctuated load VAR current quickly and automatically. It improve the stability of power transmission which helps in maintaining receiving of end voltage level and restrain voltage fluctuation and flickers.
Static VAR Generator is the gadget of stable voltage & responsive power compensation in the Flexible AC transmission system that can be utilized for controlling the flow in the transmission of the power system. Like the core of the high power voltage inverter, static VAR generator helps in maintaining the phase of the side voltage system when it is connected. Static VAR generator can guarantee the output power by enhancing the connection between the output voltage systems with the voltage amplitude. When the output voltage amplitude is more than the system side voltage, Static VAR Generator enhances the reactive power.
Market Dynamics:
Static VAR generator market is anticipated to witness constant growth over the forecast period. As it has low voltage benefits, it is not affected by the mains voltage fluctuations which provides stable support to the main voltage. Another factor which is driving the static VAR generator market is that, the generators have high and low consumption rate of operation efficiency and static VAR generator are safe and highly reliable which eliminates quality difficulties, with no more amplified harmonic voltage and current which extends gadget life cycle & defends the system.
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High operational costs of static VAR generator is the major restraint for the static VAR generator market. Henceforth, huge capital and high research & development cost are affecting the profit margins of static VAR generator market.
Market Segmentation:
On the basis of industries, static VAR generator market is segmented into railway transportation, petrochemicals, steel manufacturing, metallurgy, medical, and building automation.
On the basis of geographical regions, the static VAR generator market is segmented into seven different regions; North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific region, Japan, and the Middle East and Africa. In regional segments, Asia-Pacific is anticipated to witness relatively high growth followed by North America region.
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STATCOM Market Scope, Analysis, Size, Share, Trends by 2026
STATCOM or static synchronous compensator is a power electronic device using force commutated devices like GTO, IGBT etc. to regulate the reactive power flow through a power network and thereby increasing the stability of power network. STATCOM is a shunt device i.e. it is allied in shunt with the line. A Static Synchronous Compensator (STATCOM) is also known as a Static Synchronous Condenser (STATCON). It is a member of the Flexible AC Transmission System (FACTS) family of devices. Usually a STATCOM is mounted to support electrical networks that have a poor power factor and often poor voltage regulation. The most common use of STATCOM is for voltage stability. A STATCOM is a voltage source converter (VSC) based device, with the voltage source behind a reactor.
Voltage stability is one of the biggest problems in power systems. Engineers and researchers are trying to consolidate a definition regarding to voltage stability, besides proposing techniques and methodologies for their analysis. The growing focus of global demand for electricity, often remote from load centers, thermal plant retirements coupled with an increase in renewable generation, stringent requirements by regulatory authorities on power quality, interconnected grids, and aging transmission infrastructure is pouring the growth of the STATCOM market. However, the necessity of huge capital asset for the installation of STATCOM solutions may hamper the market growth.
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The global STATCOM market is segmented on the basis of, product type, end use industry, and geographical region. On the basis of product type, the market is segmented into low voltage STATCOM (less than 20Mvar), medium voltage STATCOM (20 – 100 Mvar) and high voltage STATCOM (greater than 100 Mvar). On the basis of end use industry the global market is segmented power distribution, mining, offshore oil and gas, steel manufacturing, automobile manufacturing and power transmission. The power distribution and power transmission is expected to have largest market share during estimated period.
Acquisitions and Merger, new product introductions, investments, and corporations & developments are the key strategies adopted by market companies to ensure their growth in the STATCOM market. The key players are Bharat Heavy Electricals Limited (BHEL), General Electric India Ltd., Veeral Controls Pvt. Ltd., NR Energy Solutions India Pvt. Ltd., Ingeteam, Inc., Siemens AG, Toshiba Corporation, NR Electric Co., Ltd., S&C Electric Company, ABB India Limited, Schneider Electric India Pvt. Ltd., JEMA Energy USA LLC, Crompton Greaves Limited, Mitsubishi Electric India Pvt. Ltd., Statcom Solutions, Signotron India Pvt. Ltd., and Power One Micro Systems Pvt. Ltd. are some major players in the STATCOM market.
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“The Reactive Power Compensation Device market report is a complete research on the current state of the Reactive Power Compensation Device market with a focus on the regional market. via Pocket
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Medium Voltage Vacuum Contactors Market Analysis By Geography, Competitors, Trends and Demands To 2026
Contractor is an electrically controlled switch used for switching an electric power circuit. It comprises three parts, namely Contacts as the current carrying component, electromagnet as the driving force to close the contacts, and enclosure is a frame enclosing the contact and electromagnet. Vacuum contactors utilize vacuum bottle encapsulated contacts. Vacuum contractors are widely used at medium voltages i.e. 1000 V-5000V, as effective circuit breakers in various applications. Vacuum contactors are only applicable for use in AC systems. These contactors are used in conveying and elevator systems, pumping stations, air conditioning systems, as well as in systems for reactive power compensation, and can therefore be found in almost every industrial sector.
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The power sector growth is a major driving factor for the medium voltage vacuum contractors market
Vacuum contactors are very efficient at disrupting the energy of an electric arc and are used when relatively fast switching is required, as the maximum break time is determined by the periodicity of the AC waveform. For example, in the case of 60HZ power (U.S. standard), the power will discontinue within 1/120 or 0.008333 of a second. Medium voltage vacuum contactors are load breaking devices with a limited short-circuit making and breaking capacity for applications with high switching rates of up to 1 million operating cycles. Advantages associated with using a vacuum as a switching medium are long electrical and mechanical life, extremely compact size and no arc chutes or blow out coils. Thus, the market of medium voltage vacuum contactor is expected to grow with growth of the Heating, Ventilation and Air Conditioners (HVAC) application.
The rapid growth of the power sector, owing to the increasing power consumption across the globe, is also expected to fuel growth of the medium voltage vacuum contractors market. For instance, according to a 2016 publication by University of Oxford, the global primary energy consumption increased to 151,548.48 Terawatt-hours (TWh) in 2016, up from 150,307.8 TWh in 2015. Vacuum contactors enable safe and efficient switching capability at power plants, as compared to air break contactors, which makes them a relatively more feasible solution in power generation, transmission and distribution substations.
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Medium Voltage Vacuum Contractors: Regional Insight
The market for medium voltage vacuum contractors is segmented on the basis of six regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Asia Pacific is the largest and fastest-growing market for the medium voltage vacuum contactors, owing to the growing electrical equipment and power generation sectors in the region. Asia Pacific encompasses some of the fast-growing economies such as China, India, and Japan, that will majorly contribute in the growth of Medium Voltage Vacuum Contactors. India is will majorly contribute to the medium voltage vacuum contactors market in the region, owing to the growth in its growing power sector. For instance, according to May 2018 report by India Brand Equity Foundation, India ranked fifth in the world for its power generation capacity. In May 2018, India ranked fourth in the Asia Pacific region, out of 25 nations on an index that measures overall power. Electricity production in India reached 1,201.543 Billion Units (BU) during 2018, accounting for 55.72% growth, compared to that in 2017. Medium voltage vacuum contactors are favoured in typical load equipment, such as transformers, which is majorly used in the power sector. Thus, growth of the power sector in Asia Pacific in turn, is expected to fuel grow of the medium voltage vacuum contactors, over the forecast period.
North America is the second-largest market for medium voltage vacuum contactors due to increasing generation and consumption of power in this region. For instance, according to Enerdata’s Global Energy in 2017, the rate of energy consumption in North America was 4,365 TWh, accounting for around 21% of the total consumption in the world. Similarly, the region generated 4,970 TWh in 2016. Medium voltage vacuum contactors are suitable for application that require large transformers or large motors, such as applications in the power generation and transmission industry. Thus, growth of the power sector in the region is expected to boost growth of the medium voltage vacuum contactors in North America.
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Medium Voltage Vacuum Contractors: Competitive Insight
Some of the key players operating in the medium voltage vacuum contactor are Eaton, ABB, Toshiba, Siemens, General Electric, Joslyn Clark, Mitsubishi Electric, Arteche, and Tavrida Electric.
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