STATCOM Market is expected to grow at a CAGR of 7.73% during the forecast period and it is expected to reach US$ 1413.46 Mn. by 2029. 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.STATCOM 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.To know about the Research Methodology :- Request Free Sample Report
STATCOM 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.STATCOM Market: Segment Analysis:
By industry, power transmission segment dominated the market in 2022 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.STATCOM Market: Regional Analysis:
Region-wise, Asia Pacific held the largest market share in 2022 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.STATCOM Market Scope: Inquire before buying
STATCOM Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 839.32 Mn. Forecast Period 2023 to 2029 CAGR: 7.73% Market Size in 2029: US $ 1413.4 Mn. Segments Covered: by Product • Low Voltage STATCOM (less than 20Mvar) • Medium Voltage STATCOM (20 – 100Mvar) • High Voltage STATCOM (greater than 100Mvar) by Industry • Power Distribution • Mining • Offshore Oil and Gas • Steel Manufacturing • Automobile Manufacturing • Power Transmission STATCOM Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)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 Frequently Asked Questions: 1. Which region has the largest share in Global STATCOM Market? Ans: Asia Pacific region holds the highest share in 2022. 2. What is the growth rate of Global STATCOM Market? Ans: The Global STATCOM Market is growing at a CAGR of 7.73% during forecasting period 2022-2027. 3. What is scope of the Global STATCOM market report? Ans: Global STATCOM Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global STATCOM market? Ans: The important key players in the Global STATCOM Market are – Bharat Heavy Electricals Limited, 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. 5. What is the study period of this market? Ans: The Global STATCOM Market is studied from 2023 to 2029.
Global STATCOM Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global STATCOM Market Size, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global STATCOM Market Analysis and Forecast 6.1. STATCOM Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global STATCOM Market Analysis and Forecast, By Product Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. STATCOM Market Value Share Analysis, By Product Type 7.4. STATCOM Market Size (US$ Bn) Forecast, By Product Type 7.5. STATCOM Market Analysis, By Product Type 7.6. STATCOM Market Attractiveness Analysis, By Product Type 8. Global STATCOM Market Analysis and Forecast, By Industry 8.1. Introduction and Definition 8.2. Key Findings 8.3. STATCOM Market Value Share Analysis, By Industry 8.4. STATCOM Market Size (US$ Bn) Forecast, By Industry 8.5. STATCOM Market Analysis, By Industry 8.6. STATCOM Market Attractiveness Analysis, By Industry 9. Global STATCOM Market Analysis, by Region 9.1. STATCOM Market Value Share Analysis, by Region 9.2. STATCOM Market Size (US$ Bn) Forecast, by Region 9.3. STATCOM Market Attractiveness Analysis, by Region 10. North America STATCOM Market Analysis 10.1. Key Findings 10.2. North America STATCOM Market Overview 10.3. North America STATCOM Market Value Share Analysis, By Product Type 10.4. North America STATCOM Market Forecast, By Product Type 10.4.1. Low Voltage STATCOM (less than 20Mvar) 10.4.2. Medium Voltage STATCOM (20 – 100Mvar) 10.4.3. High Voltage STATCOM (greater than 100Mvar) 10.5. North America STATCOM Market Value Share Analysis, By Industry 10.6. North America STATCOM Market Forecast, By Industry 10.6.1. Power Distribution 10.6.2. Mining 10.6.3. Offshore Oil and Gas 10.6.4. Steel Manufacturing 10.6.5. Automobile Manufacturing 10.6.6. Power Transmission 10.7. North America STATCOM Market Value Share Analysis, by Country 10.8. North America STATCOM Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America STATCOM Market Analysis, by Country 10.10. U.S. STATCOM Market Forecast, By Product Type 10.10.1. Low Voltage STATCOM (less than 20Mvar) 10.10.2. Medium Voltage STATCOM (20 – 100Mvar) 10.10.3. High Voltage STATCOM (greater than 100Mvar) 10.11. U.S. STATCOM Market Forecast, By Industry 10.11.1. Power Distribution 10.11.2. Mining 10.11.3. Offshore Oil and Gas 10.11.4. Steel Manufacturing 10.11.5. Automobile Manufacturing 10.11.6. Power Transmission 10.12. Canada STATCOM Market Forecast, By Product Type 10.12.1. Low Voltage STATCOM (less than 20Mvar) 10.12.2. Medium Voltage STATCOM (20 – 100Mvar) 10.12.3. High Voltage STATCOM (greater than 100Mvar) 10.13. Canada STATCOM Market Forecast, By Industry 10.13.1. Power Distribution 10.13.2. Mining 10.13.3. Offshore Oil and Gas 10.13.4. Steel Manufacturing 10.13.5. Automobile Manufacturing 10.13.6. Power Transmission 10.14. North America STATCOM Market Attractiveness Analysis 10.14.1. By Product Type 10.14.2. By Industry 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe STATCOM Market Analysis 11.1. Key Findings 11.2. Europe STATCOM Market Overview 11.3. Europe STATCOM Market Value Share Analysis, By Product Type 11.4. Europe STATCOM Market Forecast, By Product Type 11.4.1. Low Voltage STATCOM (less than 20Mvar) 11.4.2. Medium Voltage STATCOM (20 – 100Mvar) 11.4.3. High Voltage STATCOM (greater than 100Mvar) 11.5. Europe STATCOM Market Value Share Analysis, By Industry 11.6. Europe STATCOM Market Forecast, By Industry 11.6.1. Power Distribution 11.6.2. Mining 11.6.3. Offshore Oil and Gas 11.6.4. Steel Manufacturing 11.6.5. Automobile Manufacturing 11.6.6. Power Transmission 11.7. Europe STATCOM Market Value Share Analysis, by Country 11.8. Europe STATCOM Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Norway 11.8.7. Russia 11.8.8. Rest of Europe 11.9. Europe STATCOM Market Analysis, by Country 11.10. Germany STATCOM Market Forecast, By Product Type 11.10.1. Low Voltage STATCOM (less than 20Mvar) 11.10.2. Medium Voltage STATCOM (20 – 100Mvar) 11.10.3. High Voltage STATCOM (greater than 100Mvar) 11.11. Germany STATCOM Market Forecast, By Industry 11.11.1. Power Distribution 11.11.2. Mining 11.11.3. Offshore Oil and Gas 11.11.4. Steel Manufacturing 11.11.5. Automobile Manufacturing 11.11.6. Power Transmission 11.12. U.K. STATCOM Market Forecast, By Product Type 11.12.1. Low Voltage STATCOM (less than 20Mvar) 11.12.2. Medium Voltage STATCOM (20 – 100Mvar) 11.12.3. High Voltage STATCOM (greater than 100Mvar) 11.13. U.K. STATCOM Market Forecast, By Industry 11.13.1. Power Distribution 11.13.2. Mining 11.13.3. Offshore Oil and Gas 11.13.4. Steel Manufacturing 11.13.5. Automobile Manufacturing 11.13.6. Power Transmission 11.14. France STATCOM Market Forecast, By Product Type 11.14.1. Low Voltage STATCOM (less than 20Mvar) 11.14.2. Medium Voltage STATCOM (20 – 100Mvar) 11.14.3. High Voltage STATCOM (greater than 100Mvar) 11.15. France STATCOM Market Forecast, By Industry 11.15.1. Power Distribution 11.15.2. Mining 11.15.3. Offshore Oil and Gas 11.15.4. Steel Manufacturing 11.15.5. Automobile Manufacturing 11.15.6. Power Transmission 11.16. Italy STATCOM Market Forecast, By Product Type 11.16.1. Low Voltage STATCOM (less than 20Mvar) 11.16.2. Medium Voltage STATCOM (20 – 100Mvar) 11.16.3. High Voltage STATCOM (greater than 100Mvar) 11.17. Italy STATCOM Market Forecast, By Industry 11.17.1. Power Distribution 11.17.2. Mining 11.17.3. Offshore Oil and Gas 11.17.4. Steel Manufacturing 11.17.5. Automobile Manufacturing 11.17.6. Power Transmission 11.18. Spain STATCOM Market Forecast, By Product Type 11.18.1. Low Voltage STATCOM (less than 20Mvar) 11.18.2. Medium Voltage STATCOM (20 – 100Mvar) 11.18.3. High Voltage STATCOM (greater than 100Mvar) 11.19. Spain STATCOM Market Forecast, By Industry 11.19.1. Power Distribution 11.19.2. Mining 11.19.3. Offshore Oil and Gas 11.19.4. Steel Manufacturing 11.19.5. Automobile Manufacturing 11.19.6. Power Transmission 11.20. Norway STATCOM Market Forecast, By Product Type 11.20.1. Low Voltage STATCOM (less than 20Mvar) 11.20.2. Medium Voltage STATCOM (20 – 100Mvar) 11.20.3. High Voltage STATCOM (greater than 100Mvar) 11.21. Norway STATCOM Market Forecast, By Industry 11.21.1. Power Distribution 11.21.2. Mining 11.21.3. Offshore Oil and Gas 11.21.4. Steel Manufacturing 11.21.5. Automobile Manufacturing 11.21.6. Power Transmission 11.22. Russia STATCOM Market Forecast, By Product Type 11.22.1. Low Voltage STATCOM (less than 20Mvar) 11.22.2. Medium Voltage STATCOM (20 – 100Mvar) 11.22.3. High Voltage STATCOM (greater than 100Mvar) 11.23. Russia STATCOM Market Forecast, By Industry 11.23.1. Power Distribution 11.23.2. Mining 11.23.3. Offshore Oil and Gas 11.23.4. Steel Manufacturing 11.23.5. Automobile Manufacturing 11.23.6. Power Transmission 11.24. Rest of Europe STATCOM Market Forecast, By Product Type 11.24.1. Low Voltage STATCOM (less than 20Mvar) 11.24.2. Medium Voltage STATCOM (20 – 100Mvar) 11.24.3. High Voltage STATCOM (greater than 100Mvar) 11.25. Rest of Europe STATCOM Market Forecast, By Industry 11.25.1. Power Distribution 11.25.2. Mining 11.25.3. Offshore Oil and Gas 11.25.4. Steel Manufacturing 11.25.5. Automobile Manufacturing 11.25.6. Power Transmission 11.26. Europe STATCOM Market Attractiveness Analysis 11.26.1. By Product Type 11.26.2. By Industry 11.27. PEST Analysis 11.28. Key Trends 11.29. Key Developments 12. Asia Pacific STATCOM Market Analysis 12.1. Key Findings 12.2. Asia Pacific STATCOM Market Overview 12.3. Asia Pacific STATCOM Market Value Share Analysis, By Product Type 12.4. Asia Pacific STATCOM Market Forecast, By Product Type 12.4.1. Low Voltage STATCOM (less than 20Mvar) 12.4.2. Medium Voltage STATCOM (20 – 100Mvar) 12.4.3. High Voltage STATCOM (greater than 100Mvar) 12.5. Asia Pacific STATCOM Market Value Share Analysis, By Industry 12.6. Asia Pacific STATCOM Market Forecast, By Industry 12.6.1. Power Distribution 12.6.2. Mining 12.6.3. Offshore Oil and Gas 12.6.4. Steel Manufacturing 12.6.5. Automobile Manufacturing 12.6.6. Power Transmission 12.7. Asia Pacific STATCOM Market Value Share Analysis, by Country 12.8. Asia Pacific STATCOM Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. South Korea 12.8.5. Australia 12.8.6. Malaysia 12.8.7. Indonesia 12.8.8. Rest of Asia Pacific 12.9. Asia Pacific STATCOM Market Analysis, by Country 12.10. China STATCOM Market Forecast, By Product Type 12.10.1. Low Voltage STATCOM (less than 20Mvar) 12.10.2. Medium Voltage STATCOM (20 – 100Mvar) 12.10.3. High Voltage STATCOM (greater than 100Mvar) 12.11. China STATCOM Market Forecast, By Industry 12.11.1. Power Distribution 12.11.2. Mining 12.11.3. Offshore Oil and Gas 12.11.4. Steel Manufacturing 12.11.5. Automobile Manufacturing 12.11.6. Power Transmission 12.12. India STATCOM Market Forecast, By Product Type 12.12.1. Low Voltage STATCOM (less than 20Mvar) 12.12.2. Medium Voltage STATCOM (20 – 100Mvar) 12.12.3. High Voltage STATCOM (greater than 100Mvar) 12.13. India STATCOM Market Forecast, By Industry 12.13.1. Power Distribution 12.13.2. Mining 12.13.3. Offshore Oil and Gas 12.13.4. Steel Manufacturing 12.13.5. Automobile Manufacturing 12.13.6. Power Transmission 12.14. Japan STATCOM Market Forecast, By Product Type 12.14.1. Low Voltage STATCOM (less than 20Mvar) 12.14.2. Medium Voltage STATCOM (20 – 100Mvar) 12.14.3. High Voltage STATCOM (greater than 100Mvar) 12.15. Japan STATCOM Market Forecast, By Industry 12.15.1. Power Distribution 12.15.2. Mining 12.15.3. Offshore Oil and Gas 12.15.4. Steel Manufacturing 12.15.5. Automobile Manufacturing 12.15.6. Power Transmission 12.16. South Korea STATCOM Market Forecast, By Product Type 12.16.1. Low Voltage STATCOM (less than 20Mvar) 12.16.2. Medium Voltage STATCOM (20 – 100Mvar) 12.16.3. High Voltage STATCOM (greater than 100Mvar) 12.17. South Korea STATCOM Market Forecast, By Industry 12.17.1. Power Distribution 12.17.2. Mining 12.17.3. Offshore Oil and Gas 12.17.4. Steel Manufacturing 12.17.5. Automobile Manufacturing 12.17.6. Power Transmission 12.18. Australia STATCOM Market Forecast, By Product Type 12.18.1. Low Voltage STATCOM (less than 20Mvar) 12.18.2. Medium Voltage STATCOM (20 – 100Mvar) 12.18.3. High Voltage STATCOM (greater than 100Mvar) 12.19. Australia STATCOM Market Forecast, By Industry 12.19.1. Power Distribution 12.19.2. Mining 12.19.3. Offshore Oil and Gas 12.19.4. Steel Manufacturing 12.19.5. Automobile Manufacturing 12.19.6. Power Transmission 12.20. Malaysia STATCOM Market Forecast, By Product Type 12.20.1. Low Voltage STATCOM (less than 20Mvar) 12.20.2. Medium Voltage STATCOM (20 – 100Mvar) 12.20.3. High Voltage STATCOM (greater than 100Mvar) 12.21. Malaysia STATCOM Market Forecast, By Industry 12.21.1. Power Distribution 12.21.2. Mining 12.21.3. Offshore Oil and Gas 12.21.4. Steel Manufacturing 12.21.5. Automobile Manufacturing 12.21.6. Power Transmission 12.22. Indonesia STATCOM Market Forecast, By Product Type 12.22.1. Low Voltage STATCOM (less than 20Mvar) 12.22.2. Medium Voltage STATCOM (20 – 100Mvar) 12.22.3. High Voltage STATCOM (greater than 100Mvar) 12.23. Indonesia STATCOM Market Forecast, By Industry 12.23.1. Power Distribution 12.23.2. Mining 12.23.3. Offshore Oil and Gas 12.23.4. Steel Manufacturing 12.23.5. Automobile Manufacturing 12.23.6. Power Transmission 12.24. Rest of Asia Pacific STATCOM Market Forecast, By Product Type 12.24.1. Low Voltage STATCOM (less than 20Mvar) 12.24.2. Medium Voltage STATCOM (20 – 100Mvar) 12.24.3. High Voltage STATCOM (greater than 100Mvar) 12.25. Rest of Asia Pacific STATCOM Market Forecast, By Industry 12.25.1. Power Distribution 12.25.2. Mining 12.25.3. Offshore Oil and Gas 12.25.4. Steel Manufacturing 12.25.5. Automobile Manufacturing 12.25.6. Power Transmission 12.26. Asia Pacific STATCOM Market Attractiveness Analysis 12.26.1. By Product Type 12.26.2. By Industry 12.27. PEST Analysis 12.28. Key Trends 12.29. Key Developments 13. Middle East & Africa STATCOM Market Analysis 13.1. Key Findings 13.2. Middle East & Africa STATCOM Market Overview 13.3. Middle East & Africa STATCOM Market Value Share Analysis, By Product Type 13.4. Middle East & Africa STATCOM Market Forecast, By Product Type 13.4.1. Low Voltage STATCOM (less than 20Mvar) 13.4.2. Medium Voltage STATCOM (20 – 100Mvar) 13.4.3. High Voltage STATCOM (greater than 100Mvar) 13.5. Middle East & Africa STATCOM Market Value Share Analysis, By Industry 13.6. Middle East & Africa STATCOM Market Forecast, By Industry 13.6.1. Power Distribution 13.6.2. Mining 13.6.3. Offshore Oil and Gas 13.6.4. Steel Manufacturing 13.6.5. Automobile Manufacturing 13.6.6. Power Transmission 13.7. Middle East & Africa STATCOM Market Value Share Analysis, by Country 13.8. Middle East & Africa STATCOM Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa STATCOM Market Analysis, by Country 13.10. GCC STATCOM Market Forecast, By Product Type 13.10.1. Low Voltage STATCOM (less than 20Mvar) 13.10.2. Medium Voltage STATCOM (20 – 100Mvar) 13.10.3. High Voltage STATCOM (greater than 100Mvar) 13.11. GCC STATCOM Market Forecast, By Industry 13.11.1. Power Distribution 13.11.2. Mining 13.11.3. Offshore Oil and Gas 13.11.4. Steel Manufacturing 13.11.5. Automobile Manufacturing 13.11.6. Power Transmission 13.12. South Africa STATCOM Market Forecast, By Product Type 13.12.1. Low Voltage STATCOM (less than 20Mvar) 13.12.2. Medium Voltage STATCOM (20 – 100Mvar) 13.12.3. High Voltage STATCOM (greater than 100Mvar) 13.13. South Africa STATCOM Market Forecast, By Industry 13.13.1. Power Distribution 13.13.2. Mining 13.13.3. Offshore Oil and Gas 13.13.4. Steel Manufacturing 13.13.5. Automobile Manufacturing 13.13.6. Power Transmission 13.14. Rest of Middle East & Africa STATCOM Market Forecast, By Product Type 13.14.1. Low Voltage STATCOM (less than 20Mvar) 13.14.2. Medium Voltage STATCOM (20 – 100Mvar) 13.14.3. High Voltage STATCOM (greater than 100Mvar) 13.15. Rest of Middle East & Africa STATCOM Market Forecast, By Industry 13.15.1. Power Distribution 13.15.2. Mining 13.15.3. Offshore Oil and Gas 13.15.4. Steel Manufacturing 13.15.5. Automobile Manufacturing 13.15.6. Power Transmission 13.16. Middle East & Africa STATCOM Market Attractiveness Analysis 13.16.1. By Product Type 13.16.2. By Industry 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America STATCOM Market Analysis 14.1. Key Findings 14.2. South America STATCOM Market Overview 14.3. South America STATCOM Market Value Share Analysis, By Product Type 14.4. South America STATCOM Market Forecast, By Product Type 14.4.1. Low Voltage STATCOM (less than 20Mvar) 14.4.2. Medium Voltage STATCOM (20 – 100Mvar) 14.4.3. High Voltage STATCOM (greater than 100Mvar) 14.5. South America STATCOM Market Value Share Analysis, By Industry 14.6. South America STATCOM Market Forecast, By Industry 14.6.1. Power Distribution 14.6.2. Mining 14.6.3. Offshore Oil and Gas 14.6.4. Steel Manufacturing 14.6.5. Automobile Manufacturing 14.6.6. Power Transmission 14.7. South America STATCOM Market Value Share Analysis, by Country 14.8. South America STATCOM Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Argentina 14.8.4. Rest of South America 14.9. South America STATCOM Market Analysis, by Country 14.10. Brazil STATCOM Market Forecast, By Product Type 14.10.1. Low Voltage STATCOM (less than 20Mvar) 14.10.2. Medium Voltage STATCOM (20 – 100Mvar) 14.10.3. High Voltage STATCOM (greater than 100Mvar) 14.11. Brazil STATCOM Market Forecast, By Industry 14.11.1. Power Distribution 14.11.2. Mining 14.11.3. Offshore Oil and Gas 14.11.4. Steel Manufacturing 14.11.5. Automobile Manufacturing 14.11.6. Power Transmission 14.12. Mexico STATCOM Market Forecast, By Product Type 14.12.1. Low Voltage STATCOM (less than 20Mvar) 14.12.2. Medium Voltage STATCOM (20 – 100Mvar) 14.12.3. High Voltage STATCOM (greater than 100Mvar) 14.13. Mexico STATCOM Market Forecast, By Industry 14.13.1. Power Distribution 14.13.2. Mining 14.13.3. Offshore Oil and Gas 14.13.4. Steel Manufacturing 14.13.5. Automobile Manufacturing 14.13.6. Power Transmission 14.14. Argentina STATCOM Market Forecast, By Product Type 14.14.1. Low Voltage STATCOM (less than 20Mvar) 14.14.2. Medium Voltage STATCOM (20 – 100Mvar) 14.14.3. High Voltage STATCOM (greater than 100Mvar) 14.15. Argentina STATCOM Market Forecast, By Industry 14.15.1. Power Distribution 14.15.2. Mining 14.15.3. Offshore Oil and Gas 14.15.4. Steel Manufacturing 14.15.5. Automobile Manufacturing 14.15.6. Power Transmission 14.16. Rest of South America STATCOM Market Forecast, By Product Type 14.16.1. Low Voltage STATCOM (less than 20Mvar) 14.16.2. Medium Voltage STATCOM (20 – 100Mvar) 14.16.3. High Voltage STATCOM (greater than 100Mvar) 14.17. Rest of South America STATCOM Market Forecast, By Industry 14.17.1. Power Distribution 14.17.2. Mining 14.17.3. Offshore Oil and Gas 14.17.4. Steel Manufacturing 14.17.5. Automobile Manufacturing 14.17.6. Power Transmission 14.18. South America STATCOM Market Attractiveness Analysis 14.18.1. By Product Type 14.18.2. By Industry 14.19. PEST Analysis 14.20. Key Trends 14.21. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Vehicles and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Vehicles 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. Bharat Heavy Electricals Limited (BHEL) 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Development Footprint 15.3.2. General Electric India Ltd 15.3.3. Veeral Controls Pt. Ltd 15.3.4. NR Energy Solutions India Pvt. Ltd 15.3.5. Inge team, Inc 15.3.6. Siemens AG 15.3.7. Toshiba Corporation 15.3.8. NR Electric Co., Ltd 15.3.9. S&C Electric Company 15.3.10. ABB India Limited 15.3.11. Schneider Electric India Pvt. Ltd 15.3.12. JEMA Energy USA LLC 15.3.13. Crompton Greaves Limited 15.3.14. Mitsubishi Electric India Pvt. Ltd 15.3.15. Statcom Solutions 15.3.16. Signotron India Pvt. Ltd 15.3.17. Power One Micro Systems Pvt. Ltd 16. Primary Key Insights