#Reactive Power Compensation Device Market Forecast

[energyandpowertrends]

Shunt Reactor Market Set for Significant Growth Through 2031 Driven by Rising Demand for Voltage Control in Electrical Grids

The Shunt Reactor Market size was valued at US$ 2.52 billion in 2023 and is expected to grow to US$ 4.42 billion by 2030 and grow at a CAGR of 7.3% over the forecast period of 2024–2031.

Shunt reactors are critical devices used in electrical networks to manage and compensate for reactive power. By absorbing excess reactive power, they help maintain voltage levels within acceptable ranges, thereby enhancing the reliability and performance of power systems. The integration of renewable energy sources, such as wind and solar, often leads to voltage fluctuations that can jeopardize grid stability. Shunt reactors mitigate these fluctuations, making them indispensable in modern power systems.

The increasing global demand for electricity, coupled with the need for sustainable energy solutions, is driving investments in shunt reactor installations. As countries aim to meet their climate goals and improve energy efficiency, the importance of effective reactive power management continues to grow.

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Key Market Drivers

Increasing Demand for Reactive Power Compensation: The need for reactive power compensation in high-voltage transmission systems is a significant driver of the shunt reactor market. Utilities are increasingly investing in shunt reactors to ensure voltage stability and compliance with regulatory standards.

Integration of Renewable Energy Sources: The expansion of renewable energy technologies often leads to voltage fluctuations. Shunt reactors play a crucial role in managing these fluctuations, thereby facilitating the integration of variable generation sources into the grid.

Grid Modernization Initiatives: Governments and utilities worldwide are investing in the modernization of electrical grids to enhance their reliability and efficiency. This trend is propelling the demand for shunt reactors as part of broader grid improvement projects.

Rising Electricity Consumption: The growing global population and increasing industrialization are driving up electricity consumption. This surge in demand necessitates the enhancement of power infrastructure, including the implementation of shunt reactors.

Supportive Government Policies: Various governments are implementing policies and regulations to promote grid stability and efficiency, further encouraging investments in shunt reactor technology.

Market Segmentation

The Shunt Reactor Market can be segmented by type, installation, application, and region.

By Type

Air-Core Shunt Reactors: These reactors are used primarily in high-voltage applications due to their low losses and high efficiency. They are commonly installed in substations and transmission networks.

Oil-Filled Shunt Reactors: These reactors utilize oil for cooling and insulation and are typically employed in power systems where higher insulation levels are necessary.

Dry-Type Shunt Reactors: Utilizing air as a cooling medium, dry-type reactors are suitable for lower voltage applications and are preferred for indoor installations due to their compact design.

By Installation

Indoor Shunt Reactors: Installed within substations or facilities, these reactors are designed for environments with limited space and require additional protection.

Outdoor Shunt Reactors: Designed for installation in open areas, outdoor reactors are built to withstand environmental conditions, making them suitable for high-voltage transmission applications.

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By Application

Transmission Systems: Shunt reactors are predominantly used in high-voltage transmission systems to maintain voltage levels and improve overall system stability.

Distribution Systems: In distribution networks, shunt reactors help manage reactive power, ensuring efficient delivery of electricity to end consumers.

Renewable Energy Integration: Shunt reactors are increasingly used in conjunction with renewable energy projects to mitigate voltage fluctuations caused by variable generation.

Regional Analysis

North America: The North American shunt reactor market is set to grow significantly due to ongoing investments in grid modernization and the integration of renewable energy sources. The U.S. and Canada are leading efforts to adopt advanced power management technologies.

Europe: Europe remains a key player in the shunt reactor market, with countries like Germany, France, and the UK investing in grid stability measures to support their renewable energy initiatives.

Asia-Pacific: The Asia-Pacific region is expected to witness rapid growth in the shunt reactor market, particularly in countries like China, India, and Japan, which are investing heavily in power infrastructure.

Middle East & Africa: The Middle East and Africa are exploring the potential of shunt reactors to enhance electricity infrastructure, focusing on improving grid stability and reliability.

Latin America: Countries like Brazil and Chile are beginning to invest in shunt reactors, recognizing the importance of these devices in supporting their expanding energy needs.

Current Market Trends

Technological Innovations: Manufacturers are focusing on developing advanced shunt reactors that minimize losses and enhance efficiency, responding to the demands of modern power systems.

Smart Grid Implementation: The integration of smart grid technologies is increasing the demand for shunt reactors as utilities seek to optimize power management and enhance grid resilience.

Decentralized Energy Systems: The trend towards decentralized energy systems, including distributed generation and microgrids, is creating new opportunities for shunt reactors to manage reactive power locally.

Sustainability Focus: As sustainability becomes a priority for industries and utilities, the demand for efficient and reliable shunt reactors is growing to support renewable energy integration and reduce environmental impact.

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[researchreport24]

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).

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[digitrenndsamr]

Flexible AC Transmission System Market in Asia Pacific is expected to expand at a rapid CAGR | Allied Market Research

Allied Market Research, titled, “Flexible AC Transmission System Market," The flexible ac transmission system market was valued at $1.2 billion in 2022, and is estimated to reach $2.3 billion by 2032, growing at a CAGR of 7% from 2023 to 2032.

Flexible Alternating Current Transmission System (FACTS) refers to a collection of power electronic devices and systems used in electrical power transmission networks. The purpose of FACTS is to enhance the control and flexibility of AC (alternating current) power flow. These devices are strategically placed in the power grid to regulate voltage, stabilize power flow, and increase the transmission capacity of lines. By actively manipulating key parameters, such as voltage, impedance, and phase angle, FACTS devices optimize power transmission, mitigate issues like voltage fluctuations and line congestion, and improve overall system stability and efficiency.

Flexible alternating current transmission system (FACTS) devices such as Static Var Compensators (SVC) and Static Synchronous Compensators (STATCOM), are used to regulate voltage levels and maintain voltage stability in power systems. They provide reactive power compensation and help mitigate voltage fluctuations caused by varying load conditions or disturbances in the grid. Flexible Alternating Current Transmission System (FACTS) devices such as Unified Power Flow Controllers (UPFC), Thyristor-Controlled Series Capacitors (TCSC), and Static Synchronous Series Compensators (SSSC), enable control of active and reactive power flow in transmission lines. They can adjust line impedance, improve power transfer capability, and optimize power flow distribution within the grid.

The flexible AC transmission systems (FACTS) market is segmented on the basis of compensation type, controller, industry vertical and region. On the basis of compensation type, the flexible AC transmission system market outlook is divided into series compensation, shunt compensation, and combined series-shunt compensation. In 2022, the series compensation segment dominated the market, in terms of revenue, and combined series-shunt compensation segment is projected to acquire the highest CAGR from 2023 to 2032. On the basis of controller, the flexible AC transmission system market forecast is segregated into synchronous compensator (STATCOM), static VAR compensator (SVC), unified power flow controller (UPFC), thyristor controlled series compensator (TCSC), and others. The others segment acquired the largest share in 2022 and synchronous compensator (STATCOM) is expected to grow at a significant CAGR from 2023 to 2032. On the basis of industry vertical, the flexible AC transmission system market growth is bifurcated into oil and gas, electric utility, railways, and others. The others segment acquired the largest share in 2022 and electric utility segment is expected to grow at a significant CAGR from 2023 to 2032.

Region-wise, the flexible AC transmission systems (FACTS) market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia , and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific remain significant participants in the flexible AC transmission systems (FACTS) market for installing flexible AC transmission line using various flexible AC transmission system devices during the forecast period.

KEY FINDINGS OF THE STUDY

The Flexible AC Transmission System Industry has been witnessing steady growth over the years, driven by increasing demand for grid optimization, renewable energy integration, and power quality improvement. The Flexible AC Transmission System Market Size is expected to continue expanding in the coming years.

Grid modernization initiatives, aimed at upgrading aging infrastructure and improving grid flexibility and reliability, have been a major driver for the deployment of FACTS devices. Governments and utilities are investing in the modernization of transmission systems, creating a huge opportunity for Flexible AC Transmission System Market share.

The adoption of FACTS technologies varies across regions. Developed economies, such as North America and Europe, have been early adopters of FACTS devices due to their well-established power infrastructure and grid modernization efforts. However, emerging economies in Asia-Pacific, such as China and India, are expected to exhibit significant market growth due to their increasing electricity demand and infrastructure development plans. Therefore, such Flexible AC Transmission System Market Trends are observed around the developing nations.

Market players are increasingly forming strategic collaborations and partnerships to enhance their technological capabilities, expand their market reach, and offer integrated solutions. These collaborations aim to leverage the expertise of different stakeholders in the value chain and accelerate market growth.

The key players profiled in the report include ABB Ltd, Adani Power Ltd, ALSTOM SA, CG Power and Industrial Solutions Limited, Eaton Corporation, General Electric, Hyosung Corporation, Mitsubishi Electric Corporation, NR Electric Co. Ltd, and Siemens AG. Market players have adopted various strategies such as collaboration, investment, and contracts to expand their foothold in the Flexible AC Transmission System Market analysis.

[gqresearch24]

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.

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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.

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[robertemma27-blog]

GaN Semiconductor Device Market Booming Worldwide with Latest Trend and Future Scope by 2028

The global GaN semiconductor device market size is estimated to be worth USD 21.1 billion in 2023 and is projected to reach USD 28.3 billion by 2028, at a CAGR of 6.1% during the forecast period.

Increasing adoption of GaN semiconductor devices in consumer and business enterprises, surging deploymnet of GaN semiconductor devices in energy & power industry, and growing integration of GaN semiconductor devices in automotive industry are some of the major factors driving the market growth globally.

Discrete semiconductor segment to register largest market share in the GaN semiconductor device market during forecast period

Discrete GaN semiconductor components include GaN transistors and GaN diodes that are individually packaged and marketed. These components are used in diverse applications such as power supply units, inverters, and radio frequency (RF) amplifiers. GaN transistors and diodes effectively manage substantial voltage and current levels, leading to powerful designs. Additionally, they enable more compact and lightweight circuits suitable for applications where constraints on size and weight are paramount.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=698

Power & Energy to register highest CAGR in the GaN semiconductor device market during forecast period The energy & power segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the rising integration of GaN semiconductor devices into electronic systems to work in elevated temperatures, pressures, and voltages. Moreover, The GaN semiconductor technology foresees extensive adoption in energy and power solutions, encompassing realms such as energy storage systems, solar DC to AC inverters, AC solar panels, and volt-ampere reactive (VAR) compensators in the future.

Asia Pacific held for the largest GaN semiconductor device market share in 2022 Asia Pacific is accounted for the largest share of the GaN semiconductor device market in 2022. The presence of established several semiconductor manufacturing companies such as Toshiba (Japan), Nichia Corporation (Japan), and Mitsubishi Electric (Japan), increasing integration in consumer & business enterprise verticals, government-led initiatives for innovation and industrial development are the major factors driving the market growth in Asia Pacific.

GaN Semiconductor Device Market Key Players The major players in the GaN semiconductor device companies include Qorvo, Inc. (US), Wolfspeed, Inc. (US), Sumitomo Electric Industries, Ltd. (Japan), MACOM Technology Solutions Holdings, Inc. (US) and Infineon Technologies AG (Germany). These companies have used both organic and inorganic growth strategies such as product launches, agreements, collaborations, acquisitions, partnerships and expansions to strengthen their position in the market.

[perfectdonutobservation]

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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[sandlerresearch]

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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Reactive Power Compensation Device Market 2019: Industry Analysis & Outlook to 2025

“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. This report presents the global Reactive Power Compensation Device market size (value, production, and consumption), splits the breakdown (data status 2013-2018 and forecast to ‘2025’), by manufacturers, region, type, and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.

This research is helpful for all the players operating in the market, including the well-established players and the new entrants. This intelligent study provides the definition, description, and the overall forecasts of the global market, considering the market segments and sub-segments, which includes the product types, technologies, end-users, industry verticals, and the key geographies. Moreover, the report also provides an in-depth analysis of some of the significant factors such as driving forces, challenges, and threats that will shape the future of the market. In addition, the report also includes the lucrative opportunities in the micro markets for all the participants to invest in the global Reactive Power Compensation Device market. Besides, the report describes the product offerings and the competitive analysis of the major players operating in the market.

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The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market.

The key players covered in this report: 

The major manufacturers covered in this report International Rectifier Vishay Infineon Technologies Fairchild STMicroelectronics Texas Instruments Linear Technology NXP On Semiconductor Microchip Philips Toshiba Dallas Semiconductor National Semiconductor Power Integrations

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering North America Europe China Japan Southeast Asia India

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Static Var Compensator (SVC) Static Var Generator (SVG)

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including Wind Power Steel Metallurgy Rail Transit

The portion of power that, averaged over a complete cycle of the AC waveform, results in net transfer of energy in one direction is known as active power. With the gradual maturity and improvement of SVC and SVG technology, the product costs have been dropping, the application field will continue to expand, and the active power market share will also increase, while the market share of shunt capacitor reactive power compensation device will decline.

This report studies the global Reactive Power Compensation Device market status and forecast, categorizes the global Reactive Power Compensation Device market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).

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The prime objective of this Reactive Power Compensation Device research report is to define the size of the different segments and the geographies as well as to forecast the trends that are likely to gain traction in the following couple of years. This market research report has been designed to incorporate both the qualitative and quantitative aspects of the industry within each of the regions.

The scope of this report centers on key market analyses, market drivers & challenges, and competitive analysis & trends. Research report examines each market and its applications, regulatory scenario, technological innovations, Reactive Power Compensation Device market projections, market sizes, and shares. Moreover, the Reactive Power Compensation Device market report examines the most recent trends, pipeline products and developments in the Reactive Power Compensation Device market. Complete profiles of leading organizations in the market are also mentioned in this report.

Reactive Power Compensation Device market report highlights: 1. The Reactive Power Compensation Device research report provides a detailed survey of the current and future industry trends so as to identify the investment analysis. 2. The industry forecasts, using estimated market values have been mentioned, till ‘2025’. 3. The Reactive Power Compensation Device Market dynamics such as the drivers, restraints, threats, opportunities, and industry-specific challenges 4. Key industry trends across all the market segments and sub-segments, geographies, and nations. 5. Key developments and strategies determined in the market. 6. Detailed profiling of the leading competitors and the entrant market players. 7. Growth prospects among the emerging nations throughout the forecast period. 8. The Reactive Power Compensation Device Market opportunities and recommendations for new investments.

In the end, It includes the methodical description of the various factors such as the market growth and a detailed information about the different company’s revenue, growth, technological developments, production, and the various other strategic developments.

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Thus, the Reactive Power Compensation Device Market Report serves as a valuable material for all industry competitors and individuals having a keen interest in Reactive Power Compensation Device Market study.

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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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Power Analyzers Market to Record an Exponential CAGR by 2025

Power analyzers are used for measuring characteristics power of devices which transform, generate, intake electricity, they are also called as power meters. Power analyzers assist in measuring parameters such as motor drives, lighting, home appliances, harmonics, power factor, and efficiency in inverters, industrial machinery, power supplies, and other devices. Power consumption requires high-accuracy measurements on a system/subsystem. There is an increase use of analysis for applications for the renewable energy generation, use of inverters connections to the grid, and the strong preference to the grid parameters and their use. Power Analyzers Market support other equipment by providing real time analysis of voltage, frequency measurement, phase rotation, and fault measurements.

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Improper detection of a system without reliable operation of loads may lead to a disturbance in power system involving unbalancing of frequency, voltage or current. Power disturbances can originate in consumer power systems and consumer loads at the utility side. Power system disturbance ranges from transients from microseconds to the outages which continue for hours depending upon the type and load required. When power flow is interrupted due to a fault, it hampers the business significantly. Such interruptions can damage a partial or complete production cycle. Power Analyzers Market help monitor these variable parameters of power system in order to optimize the production and running cost of the power flow.

Power Analyzers Market detect angles of each of the load for the analysis of reactive power and defects in the supply or quality events to determine the cause of the useful tripping of protection devices, restarting electronic equipment, or PLCs. Power Analyzers Market also detect leakage currents that trigger unwanted tripping of the differential current protection relays. Measurement of the harmonics for the installation help to avoid the conductor warming, high neutral currents, and resonances with reactive compensation equipment. Power Analyzers Market detect and determine consumptions for each of the charges and detect deviations from lack of maintenance or deterioration of components. Thus, Power Analyzers Market help save on electricity energy cost, reduction on the installation cost, and stops for maintenance of installation. Using power analyzers, it is possible to visualize electrical parameters and perform computation of the energy and power for all single phase or three phase electrical installations. In real time, power analyzers are able to control voltage variations in the electrical network and detect with the excessive energy use.

Based on type of configuration, the power analyzers market can be divided into bench top with large and heavy configuration. Power analyzers are also available in rack and panel mount configurations.

In terms of application, the power analyzer market can be classified into frontline troubleshooting, predictive maintenance, service compliance, load studies, and energy assessments.

Based on region, the power analyzers market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is projected to lead the power analyzers market during the forecast period, followed by Europe. Industrial development followed by rise in demand for power in Asia Pacific, especially in countries such as India, China, South Korea, and Japan, is expected to propel the power analyzers market during the forecast period.

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Key companies operating in the power analyzers market include PCE instruments, Fluke Corporation, HIOKI E.E. Corporation, MB Control & Systems, Pacific Microsystems, Drantez Technologies, and Yokogawa Electric Corporation.

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Synchronous Condenser Market – Insights On Product Opportunities 2025

Global Synchronous Condenser Market: Overview

A synchronous condenser, which is also known as synchronous compensator or synchronous capacitor is a device similar to a synchronous motor. It is designed such that its shafts spin freely. Its primary function does not include conversion of electric energy to mechanical energy or vice versa, but to regulate conditions on the electric power transmission grid. The field in synchronous condenser is controlled by a voltage regulator, which either absorbs or generates reactive power as required to adjust the voltage of the grid, or to enhance power factor. Its installation and operation are same as that of large electric motors and generators.

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Global Synchronous Condenser Market: Key Trends

The growing reliance on renewable energy sources for power generation is stoking the growth of the global synchronous condenser market. The soaring need for power correction factor is also stimulating the growth of the market. An over-excited synchronous condenser has a leading power factor, rendering it useful for power factor correction of industrial loads. Moreover, the rising emphasis on long service life is boosting the demand for synchronous condensers.

On the flip side, the high costs of equipment and maintenance are impinging on the growth of the market. In addition, the availability of low-cost alternatives is exacerbating the problem, thereby hampering the growth of the market. However, the expanding high-voltage direct current (HVDC) network is likely to create lucrative opportunities for players in the market.

Global Synchronous Condenser Market: Market Potential

Over the past decade, there has been an impressive rise in the uptake of renewable energy sources for power generation. Governments worldwide and several organizations are paying high attention to cost effective solutions for renewable energy production. This, in turn, is working in favor of the growth of the global synchronous condenser market. Synchronous condenser manufacturers are benefiting from contracts for large power projects, leaving a massive impact on the market. For instance, in June 2015, Voith Hydro and its consortium partner received the contract from Manitoba Hydro for the Riel Synchronous Condenser. The project includes the design, supply, installation, and commissioning of four synchronous condensers rated 250 MVAR. These condensers will support Manitoba Hydro grid in reactive power and will be sealed to allow for hydrogen cooling.

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Global Synchronous Condenser Market: Regional Outlook

The key segments studied in the report on the basis of geography are Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America is expected to be a prominent destination for key players in the global market. Canada is witnessing a sharp rise in the demand for synchronous condensers, particularly new installations. In the U.S., the conversion of old power plants to synchronous condensers is driving the market. The operation of many thermal power plants is being shut down in the country to curtail pollution and encourage renewable power generation. This is also likely to create a staggering volume of demand for these condensers in the region. Asia Pacific is estimated to post a healthy CAGR during the forecast period, owing to the growing investments in the upgradation of existing power networks.

Global Synchronous Condenser Market: Competitive Landscape

Key players in the global synchronous condenser market are striving to win contracts for new installments and for the refurbishment of old power plants in order to expand their businesses. Agreements and product innovation are also commonly adopted strategies by market participants to stay relevant. Some of the prominent companies operating in the market are General Electric, Eaton Co. Plc., Siemens AG, Voith GmbH, ABB Ltd., Toshiba Corporation, Fuji Electric Co. Ltd., and Hyundai Ideal Electric Co.

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STATCOM UPS Market - Industry Insights, Trends, Outlook, and Opportunity Analysis, 2025

7th September 2018 - The Global STATCOM UPS Market is witnessed a higher CAGR growth in the assessment period. STATCOM is also known as static synchronous compensators (STATCOMs) are an integral part of AC current systems and devices. The fundamental purpose is to enable a fast-acting, accurate and an adjustable proportion of reactive power to the AC power system to the environment under which they are connected. STATCOM gain this by altering the polarity and magnitude of the reactive component of the current flowing via AC side. Therefore, this allows STATCOMs to regulate the direction of flow and amount of reactive power to be swapped with AC power system. Commercially, STATCOM are also used for dynamic power factor in industrial plants that function under large random peaks of reactive power. STATCOMs augment the power factor of the plant, lessening the voltage variations at the input thus minimizing the cost incurred during operations.

Driving factors responsible for the growth of STATCOM UPS market includes significant use of STATCOM rise in manufacture due to open market policy, particularly in the APAC sector. Other factors such as inconsistency in energy supply and increasing pressure by the government for energy conservation leads in adoption of STATCOM UPS thus triggering the market growth. Segmentation based on product, the STATCOM UPS industry includes Gate Turn-Off Thyristors (GTO) STATCOM and Insulated Gate Bipolar Transistor (IGBT) Statcom. End-user segmentation for STATCOM UPS market includes automobile industry, power substations, oil & gas and mining.

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Geographical segmentation for STATCOM UPS industry spans North America, South America, Europe, Asia-Pacific, Middle-East and Africa. APAC market witnessed a significant share in the market growth. India and China being the emerging economies account for a larger share in APAC sector. The key players in the STATCOM UPS market include General Electric, Bharat Heavy Electricals Limited (BHEL), ABB India Limited, Schneider Electric, Mitsubishi Electric, Veeral Controls, Signotron India and Power One Micro Systems.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of STATCOM UPS in these regions, from 2013 to 2025 (forecast), covering

• North America

• Europe

• China

• Japan

• Southeast Asia

• India

Global STATCOM UPS market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

• General Electric

• Bharat Heavy Electricals Limited (BHEL)

• NR Energy Solutions

• ABB India Limited

• Crompton Greaves Limited

• Schneider Electric

• Mitsubishi Electric

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GRID ASSET MANAGEMENT MARKET IS ESTIMATED TO GROW AT A TRAJECTORY PATH FOR THE FORECAST PERIOD

Global grid asset management market is segmented into advanced metering infrastructure, smart grid distribution management, smart grid communication, grid asset management, geographic information system and billing & customer information system, based on software. Advanced metering infrastructure is further sub-segmented into meter data management, analytics and AMI security.

Electrical equipment being a critical component in asset portfolio plays significant role in determining financial worth. It even plays a massive role in an enterprise’s business performance. Dynamics like technological evolutions, fading electrical proficiency and maturing of assets with higher rate of failure and constant pressure on budget and costs electrical assets are more vulnerable to complex and challenging environments. Having an asset management program ensures reliability over durability of electrical device and equipment of an enterprise.

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Further, grid asset management techniques such as on-load tap changing, reactive power compensation, automation systems co-ordination etc. need to be evaluated with conventional grid management techniques in terms of short & long-term benefits and budget. On a scale, asset management of transmission and distribution business functioning in electricity market encompasses centralization of crucial factors of decision making in network business to augment long-term profits while conveying high-end service levels with calculated risks. Overall, with a scenario comprising electric equipment vulnerable to risks and other complexities, the grid asset management market is estimated to grow at a trajectory path for the forecast period.

Grid asset management market is driven by factors such as rising need for replacing aging infrastructure, growing concerns to eliminate carbon footprints, requirement for consolidated grid distribution management. Additionally, the need for carbon efficiency and competent distribution management and emphasis on efficient energy management is likely to propel market growth for the forecast period.

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Grid asset management market is segmented into consulting, deploying & integration, support and maintenance, based on service. Smart grid distribution management is further sub-segmented into supervisory control & data acquisition (SCADA), outage management, distributed energy resource management, demand response management, energy management. Smart grid communication is further sub-segmented into network performance monitoring management, network traffic management, network device management, network configuration management and network security management.