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Statcom For Renewable Energy Market Is Set To Reach XX USD Billion By 2032, Growing At A CAGR Of 5.4

Statcom For Renewable Energy Market by Type (Low Voltage STATCOM (less than 20Mvar), by Application (Solar, Hydro, Wind, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032

Nov 22 2024
Base Year: 2023
150 Pages
Market Research Future Logo

Statcom For Renewable Energy Market Is Set To Reach XX USD Billion By 2032, Growing At A CAGR Of 5.4

Key Insights

The Statcom For Renewable Energy Market size was valued at USD 651.3 USD million in 2023 and is projected to reach USD 941.16 USD million by 2032, exhibiting a CAGR of 5.4 % during the forecast period. STATCOM (Static Synchronous Compensator) for renewable energy integration is an electronic calendar device in power system applications to improve power quality. This engages the management of the reactive power, an element that determines the voltage quality and stability of the power system. Some of them are; Voltage-sourced converters (VSC) and current-sourced converters (CSC) with the Voltage Converter being preferred because of its better control. Advantages such as speed, flexibility, and capability to regulate voltage instabilities and grid fluctuations are also enumerated. STATCOMs are useful in wind and solar farming systems, that require improved grid connection due to varying power production rates. They are of great importance in helping achieve high penetration levels of renewable energy sources without disturbing the stability of the grid.

Statcom For Renewable Energy Market Research Report - Market Size, Growth & Forecast

Statcom For Renewable Energy Trends

  • Rising adoption of solar and wind energy sources
  • Increasing grid integration of renewable energy
  • Growing investments in smart grid infrastructure
  • Advancements in power electronics technology

Driving Forces: What's Propelling the Statcom For Renewable Energy Market

  • Grid stability: STATCOMs help improve grid stability by providing reactive power compensation and reducing voltage fluctuations.
  • Integration of renewable energy: STATCOMs facilitate the integration of renewable energy sources, which often have intermittent power output.
  • Energy efficiency: STATCOMs can optimize power flow and reduce losses, leading to improved energy efficiency.
  • Environmental benefits: STATCOMs reduce greenhouse gas emissions associated with conventional power generation.

Challenges and Restraints in Statcom For Renewable Energy Market

  • High capital costs: STATCOMs can be expensive to install and maintain.
  • Technical complexity: STATCOMs require specialized knowledge and expertise to operate and maintain.
  • Limited awareness: The benefits of STATCOMs are not fully understood by all stakeholders.

Emerging Trends in Statcom For Renewable Energy

  • Modular STATCOMs: Modular STATCOMs offer increased flexibility and scalability.
  • Hybrid STATCOMs: Hybrid STATCOMs combine STATCOMs with other grid-stabilizing technologies, such as energy storage.
  • Artificial intelligence (AI) integration: AI can optimize STATCOM performance and predict grid events.

Growth Catalysts in Statcom For Renewable Energy Industry

Statcom For Renewable Energy Market Growth

  • Government incentives: Governments worldwide are offering incentives to promote the adoption of renewable energy and grid stability technologies.
  • Technological advancements: Ongoing advancements in power electronics are enabling the development of more cost-effective and efficient STATCOMs.
  • Strategic partnerships: Partnerships between STATCOM manufacturers and renewable energy developers can drive market growth.

Market Segmentation: Statcom For Renewable Energy Analysis

Type:

  • Low Voltage STATCOM (less than 20Mvar)
  • Medium Voltage STATCOM (20-100Mvar)
  • High Voltage STATCOM (over 100Mvar)

Application:

  • Solar
  • Hydro
  • Wind
  • Others

Leading Players in the Statcom For Renewable Energy Market

  • Bharat Heavy Electricals Limited
  • GE (General Electric)
  • Veeral Controls Pvt Ltd.
  • Ingeteam S.A.
  • Siemens
  • Toshiba Corporation
  • NR Electric Co., Ltd.
  • S&C Electric Company
  • ABB
  • Schneider Electric
  • JEMA Energy

Significant developments in Statcom For Renewable Energy Sector

  • ABB wins contract to supply STATCOMs for world's largest offshore wind farm
  • GE launches new STATCOM solution for renewable energy applications
  • Siemens commissions STATCOMs for Indian solar power plant
  • Statcom Solutions announces partnership with leading renewable energy developer

Statcom For Renewable Energy Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 5.4% from 2018-2032
Segmentation
    • By Type
      • Low Voltage STATCOM (less than 20Mvar
    • By Application
      • Solar
      • Hydro
      • Wind
      • Others
  • By Geography
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Netherlands
      • Switzerland
      • Poland
      • Sweden
      • Belgium
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Indonesia
      • Thailand
      • Philippines
      • New Zealand
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Chile
      • Colombia
      • Peru
    • MEA
      • UAE
      • Saudi Arabia
      • South Africa
      • Egypt
      • Turkey
      • Israel
      • Nigeria
      • Kenya

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Growing Focus on Safety and Organization to Fuel Market Growth
      • 3.3. Market Restrains
        • 3.3.1. Volatility in Oil Prices and Rising Trend of Adopting Renewable Energy to Restrain Growth
      • 3.4. Market Trends
        • 3.4.1. Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Statcom For Renewable Energy Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Type
      • 5.1.1. Low Voltage STATCOM (less than 20Mvar
    • 5.2. Market Analysis, Insights and Forecast - by Application
      • 5.2.1. Solar
      • 5.2.2. Hydro
      • 5.2.3. Wind
      • 5.2.4. Others
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1. North America
      • 5.3.2. Europe
      • 5.3.3. Asia Pacific
      • 5.3.4. Latin America
      • 5.3.5. MEA
  6. 6. North America Statcom For Renewable Energy Market Analysis, Insights and Forecast, 2018-2030
    • 6.1. Market Analysis, Insights and Forecast - by Type
      • 6.1.1. Low Voltage STATCOM (less than 20Mvar
    • 6.2. Market Analysis, Insights and Forecast - by Application
      • 6.2.1. Solar
      • 6.2.2. Hydro
      • 6.2.3. Wind
      • 6.2.4. Others
  7. 7. Europe Statcom For Renewable Energy Market Analysis, Insights and Forecast, 2018-2030
    • 7.1. Market Analysis, Insights and Forecast - by Type
      • 7.1.1. Low Voltage STATCOM (less than 20Mvar
    • 7.2. Market Analysis, Insights and Forecast - by Application
      • 7.2.1. Solar
      • 7.2.2. Hydro
      • 7.2.3. Wind
      • 7.2.4. Others
  8. 8. Asia Pacific Statcom For Renewable Energy Market Analysis, Insights and Forecast, 2018-2030
    • 8.1. Market Analysis, Insights and Forecast - by Type
      • 8.1.1. Low Voltage STATCOM (less than 20Mvar
    • 8.2. Market Analysis, Insights and Forecast - by Application
      • 8.2.1. Solar
      • 8.2.2. Hydro
      • 8.2.3. Wind
      • 8.2.4. Others
  9. 9. Latin America Statcom For Renewable Energy Market Analysis, Insights and Forecast, 2018-2030
    • 9.1. Market Analysis, Insights and Forecast - by Type
      • 9.1.1. Low Voltage STATCOM (less than 20Mvar
    • 9.2. Market Analysis, Insights and Forecast - by Application
      • 9.2.1. Solar
      • 9.2.2. Hydro
      • 9.2.3. Wind
      • 9.2.4. Others
  10. 10. MEA Statcom For Renewable Energy Market Analysis, Insights and Forecast, 2018-2030
    • 10.1. Market Analysis, Insights and Forecast - by Type
      • 10.1.1. Low Voltage STATCOM (less than 20Mvar
    • 10.2. Market Analysis, Insights and Forecast - by Application
      • 10.2.1. Solar
      • 10.2.2. Hydro
      • 10.2.3. Wind
      • 10.2.4. Others
  11. 11. North America Statcom For Renewable Energy Market Analysis, Insights and Forecast, 2018-2030
      • 11.1. Market Analysis, Insights and Forecast - By Type
        • 11.1.1. Low Voltage STATCOM (less than 20Mvar
      • 11.2. Market Analysis, Insights and Forecast - By Application
        • 11.2.1 Solar
        • 11.2.2 Hydro
        • 11.2.3 Wind
        • 11.2.4 Others
      • 11.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 11.3.1 United States
        • 11.3.2 Canada
        • 11.3.3 Mexico
  12. 12. Middle East & Africa Statcom For Renewable Energy Market Analysis, Insights and Forecast, 2018-2030
      • 12.1. Market Analysis, Insights and Forecast - By Type
        • 12.1.1. Low Voltage STATCOM (less than 20Mvar
      • 12.2. Market Analysis, Insights and Forecast - By Application
        • 12.2.1 Solar
        • 12.2.2 Hydro
        • 12.2.3 Wind
        • 12.2.4 Others
      • 12.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 12.3.1 UAE
        • 12.3.2 South Africa
        • 12.3.3 Saudi Arabia
        • 12.3.4 Rest of Middle East Africa
  13. 13. Asia Pacific Statcom For Renewable Energy Market Analysis, Insights and Forecast, 2018-2030
      • 13.1. Market Analysis, Insights and Forecast - By Type
        • 13.1.1. Low Voltage STATCOM (less than 20Mvar
      • 13.2. Market Analysis, Insights and Forecast - By Application
        • 13.2.1 Solar
        • 13.2.2 Hydro
        • 13.2.3 Wind
        • 13.2.4 Others
      • 13.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 13.3.1 China
        • 13.3.2 Japan
        • 13.3.3 India
        • 13.3.4 South Korea
        • 13.3.5 Taiwan
        • 13.3.6 South East Asia
        • 13.3.7 Australia
        • 13.3.8 Rest of Asia-Pacific
  14. 14. Europe Statcom For Renewable Energy Market Analysis, Insights and Forecast, 2018-2030
      • 14.1. Market Analysis, Insights and Forecast - By Type
        • 14.1.1. Low Voltage STATCOM (less than 20Mvar
      • 14.2. Market Analysis, Insights and Forecast - By Application
        • 14.2.1 Solar
        • 14.2.2 Hydro
        • 14.2.3 Wind
        • 14.2.4 Others
      • 14.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 14.3.1 Germany
        • 14.3.2 France
        • 14.3.3 Italy
        • 14.3.4 United Kingdom
        • 14.3.5 Spain
        • 14.3.6 Nordics
        • 14.3.7 Benelux
        • 14.3.8 Rest of Europe
  15. 15. Latin America Statcom For Renewable Energy Market Analysis, Insights and Forecast, 2018-2030
      • 15.1. Market Analysis, Insights and Forecast - By Type
        • 15.1.1. Low Voltage STATCOM (less than 20Mvar
      • 15.2. Market Analysis, Insights and Forecast - By Application
        • 15.2.1 Solar
        • 15.2.2 Hydro
        • 15.2.3 Wind
        • 15.2.4 Others
      • 15.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 15.3.1 Brazil
        • 15.3.2 Argentina
        • 15.3.3 Rest of South America
  16. 16. Competitive Analysis
    • 16.1. Global Market Share Analysis 2023
      • 16.2. Company Profiles
        • 16.2.1 Bharat Heavy Electricals Limited
          • 16.2.1.1. Overview
          • 16.2.1.2. Products
          • 16.2.1.3. SWOT Analysis
          • 16.2.1.4. Recent Developments
          • 16.2.1.5. Financials (Based on Availability)
        • 16.2.2 GE
          • 16.2.2.1. Overview
          • 16.2.2.2. Products
          • 16.2.2.3. SWOT Analysis
          • 16.2.2.4. Recent Developments
          • 16.2.2.5. Financials (Based on Availability)
        • 16.2.3 Veeral Controls Pvt Ltd.
          • 16.2.3.1. Overview
          • 16.2.3.2. Products
          • 16.2.3.3. SWOT Analysis
          • 16.2.3.4. Recent Developments
          • 16.2.3.5. Financials (Based on Availability)
        • 16.2.4 Ingeteam S.A.
          • 16.2.4.1. Overview
          • 16.2.4.2. Products
          • 16.2.4.3. SWOT Analysis
          • 16.2.4.4. Recent Developments
          • 16.2.4.5. Financials (Based on Availability)
        • 16.2.5 Siemens
          • 16.2.5.1. Overview
          • 16.2.5.2. Products
          • 16.2.5.3. SWOT Analysis
          • 16.2.5.4. Recent Developments
          • 16.2.5.5. Financials (Based on Availability)
        • 16.2.6 Toshiba Corporation
          • 16.2.6.1. Overview
          • 16.2.6.2. Products
          • 16.2.6.3. SWOT Analysis
          • 16.2.6.4. Recent Developments
          • 16.2.6.5. Financials (Based on Availability)
        • 16.2.7 NR Electric Co.
          • 16.2.7.1. Overview
          • 16.2.7.2. Products
          • 16.2.7.3. SWOT Analysis
          • 16.2.7.4. Recent Developments
          • 16.2.7.5. Financials (Based on Availability)
        • 16.2.8 Ltd.
          • 16.2.8.1. Overview
          • 16.2.8.2. Products
          • 16.2.8.3. SWOT Analysis
          • 16.2.8.4. Recent Developments
          • 16.2.8.5. Financials (Based on Availability)
        • 16.2.9 S&C Electric Company
          • 16.2.9.1. Overview
          • 16.2.9.2. Products
          • 16.2.9.3. SWOT Analysis
          • 16.2.9.4. Recent Developments
          • 16.2.9.5. Financials (Based on Availability)
        • 16.2.10 ABB
          • 16.2.10.1. Overview
          • 16.2.10.2. Products
          • 16.2.10.3. SWOT Analysis
          • 16.2.10.4. Recent Developments
          • 16.2.10.5. Financials (Based on Availability)
        • 16.2.11 Schneider Electric
          • 16.2.11.1. Overview
          • 16.2.11.2. Products
          • 16.2.11.3. SWOT Analysis
          • 16.2.11.4. Recent Developments
          • 16.2.11.5. Financials (Based on Availability)
        • 16.2.12 JEMA Energy
          • 16.2.12.1. Overview
          • 16.2.12.2. Products
          • 16.2.12.3. SWOT Analysis
          • 16.2.12.4. Recent Developments
          • 16.2.12.5. Financials (Based on Availability)
        • 16.2.13 Crompton GreavesConsumerElectricalsLimited
          • 16.2.13.1. Overview
          • 16.2.13.2. Products
          • 16.2.13.3. SWOT Analysis
          • 16.2.13.4. Recent Developments
          • 16.2.13.5. Financials (Based on Availability)
        • 16.2.14 Mitsubishi Electric Automation
          • 16.2.14.1. Overview
          • 16.2.14.2. Products
          • 16.2.14.3. SWOT Analysis
          • 16.2.14.4. Recent Developments
          • 16.2.14.5. Financials (Based on Availability)
        • 16.2.15 Inc.
          • 16.2.15.1. Overview
          • 16.2.15.2. Products
          • 16.2.15.3. SWOT Analysis
          • 16.2.15.4. Recent Developments
          • 16.2.15.5. Financials (Based on Availability)
        • 16.2.16 Statcom Solutions
          • 16.2.16.1. Overview
          • 16.2.16.2. Products
          • 16.2.16.3. SWOT Analysis
          • 16.2.16.4. Recent Developments
          • 16.2.16.5. Financials (Based on Availability)
        • 16.2.17 SIGNOTRON
          • 16.2.17.1. Overview
          • 16.2.17.2. Products
          • 16.2.17.3. SWOT Analysis
          • 16.2.17.4. Recent Developments
          • 16.2.17.5. Financials (Based on Availability)
        • 16.2.18 and Power One Micro Systems (Private) Limited.
          • 16.2.18.1. Overview
          • 16.2.18.2. Products
          • 16.2.18.3. SWOT Analysis
          • 16.2.18.4. Recent Developments
          • 16.2.18.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Global Statcom For Renewable Energy Market Revenue Breakdown (USD million, %) by Region 2023 & 2031
  2. Figure 2: Global Statcom For Renewable Energy Market Revenue (USD million), by Type 2023 & 2031
  3. Figure 3: Global Statcom For Renewable Energy Market Revenue Share (%), by Type 2023 & 2031
  4. Figure 4: Global Statcom For Renewable Energy Market Forecast (USD million), by Low Voltage STATCOM (less than 20Mvar 2020 & 2031
  5. Figure 5: Global Statcom For Renewable Energy Market Revenue (USD million), by Application 2023 & 2031
  6. Figure 6: Global Statcom For Renewable Energy Market Revenue Share (%), by Application 2023 & 2031
  7. Figure 7: Global Statcom For Renewable Energy Market Forecast (USD million), by Solar 2020 & 2031
  8. Figure 8: Global Statcom For Renewable Energy Market Forecast (USD million), by Hydro 2020 & 2031
  9. Figure 9: Global Statcom For Renewable Energy Market Forecast (USD million), by Wind 2020 & 2031
  10. Figure 10: Global Statcom For Renewable Energy Market Forecast (USD million), by Others 2020 & 2031
  11. Figure 11: Global Statcom For Renewable Energy Market Revenue (USD million), by Region 2023 & 2031
  12. Figure 12: Global Statcom For Renewable Energy Market Revenue Share (%), by Region 2023 & 2031
  13. Figure 13: North America Statcom For Renewable Energy Market Revenue (USD million), by Type 2023 & 2031
  14. Figure 14: North America Statcom For Renewable Energy Market Revenue Share (%), by Type 2023 & 2031
  15. Figure 15: North America Statcom For Renewable Energy Market Revenue (USD million), by Application 2023 & 2031
  16. Figure 16: North America Statcom For Renewable Energy Market Revenue Share (%), by Application 2023 & 2031
  17. Figure 17: North America Statcom For Renewable Energy Market Revenue (USD million), by Country 2023 & 2031
  18. Figure 18: North America Statcom For Renewable Energy Market Revenue Share (%), by Country 2023 & 2031
  19. Figure 19: Middle East & Africa Statcom For Renewable Energy Market Revenue (USD million), by Type 2023 & 2031
  20. Figure 20: Middle East & Africa Statcom For Renewable Energy Market Revenue Share (%), by Type 2023 & 2031
  21. Figure 21: Middle East & Africa Statcom For Renewable Energy Market Revenue (USD million), by Application 2023 & 2031
  22. Figure 22: Middle East & Africa Statcom For Renewable Energy Market Revenue Share (%), by Application 2023 & 2031
  23. Figure 23: Middle East & Africa Statcom For Renewable Energy Market Revenue (USD million), by Country 2023 & 2031
  24. Figure 24: Middle East & Africa Statcom For Renewable Energy Market Revenue Share (%), by Country 2023 & 2031
  25. Figure 25: Asia Pacific Statcom For Renewable Energy Market Revenue (USD million), by Type 2023 & 2031
  26. Figure 26: Asia Pacific Statcom For Renewable Energy Market Revenue Share (%), by Type 2023 & 2031
  27. Figure 27: Asia Pacific Statcom For Renewable Energy Market Revenue (USD million), by Application 2023 & 2031
  28. Figure 28: Asia Pacific Statcom For Renewable Energy Market Revenue Share (%), by Application 2023 & 2031
  29. Figure 29: Asia Pacific Statcom For Renewable Energy Market Revenue (USD million), by Country 2023 & 2031
  30. Figure 30: Asia Pacific Statcom For Renewable Energy Market Revenue Share (%), by Country 2023 & 2031
  31. Figure 31: Europe Statcom For Renewable Energy Market Revenue (USD million), by Type 2023 & 2031
  32. Figure 32: Europe Statcom For Renewable Energy Market Revenue Share (%), by Type 2023 & 2031
  33. Figure 33: Europe Statcom For Renewable Energy Market Revenue (USD million), by Application 2023 & 2031
  34. Figure 34: Europe Statcom For Renewable Energy Market Revenue Share (%), by Application 2023 & 2031
  35. Figure 35: Europe Statcom For Renewable Energy Market Revenue (USD million), by Country 2023 & 2031
  36. Figure 36: Europe Statcom For Renewable Energy Market Revenue Share (%), by Country 2023 & 2031
  37. Figure 37: Latin America Statcom For Renewable Energy Market Revenue (USD million), by Type 2023 & 2031
  38. Figure 38: Latin America Statcom For Renewable Energy Market Revenue Share (%), by Type 2023 & 2031
  39. Figure 39: Latin America Statcom For Renewable Energy Market Revenue (USD million), by Application 2023 & 2031
  40. Figure 40: Latin America Statcom For Renewable Energy Market Revenue Share (%), by Application 2023 & 2031
  41. Figure 41: Latin America Statcom For Renewable Energy Market Revenue (USD million), by Country 2023 & 2031
  42. Figure 42: Latin America Statcom For Renewable Energy Market Revenue Share (%), by Country 2023 & 2031
  43. Figure 43: North America Statcom For Renewable Energy Market Revenue (USD million), by Type 2023 & 2031
  44. Figure 44: North America Statcom For Renewable Energy Market Revenue Share (%), by Type 2023 & 2031
  45. Figure 45: North America Statcom For Renewable Energy Market Revenue (USD million), by Application 2023 & 2031
  46. Figure 46: North America Statcom For Renewable Energy Market Revenue Share (%), by Application 2023 & 2031
  47. Figure 47: North America Statcom For Renewable Energy Market Revenue (USD million), by Country 2023 & 2031
  48. Figure 48: North America Statcom For Renewable Energy Market Revenue Share (%), by Country 2023 & 2031
  49. Figure 49: Europe Statcom For Renewable Energy Market Revenue (USD million), by Type 2023 & 2031
  50. Figure 50: Europe Statcom For Renewable Energy Market Revenue Share (%), by Type 2023 & 2031
  51. Figure 51: Europe Statcom For Renewable Energy Market Revenue (USD million), by Application 2023 & 2031
  52. Figure 52: Europe Statcom For Renewable Energy Market Revenue Share (%), by Application 2023 & 2031
  53. Figure 53: Europe Statcom For Renewable Energy Market Revenue (USD million), by Country 2023 & 2031
  54. Figure 54: Europe Statcom For Renewable Energy Market Revenue Share (%), by Country 2023 & 2031
  55. Figure 55: Asia Pacific Statcom For Renewable Energy Market Revenue (USD million), by Type 2023 & 2031
  56. Figure 56: Asia Pacific Statcom For Renewable Energy Market Revenue Share (%), by Type 2023 & 2031
  57. Figure 57: Asia Pacific Statcom For Renewable Energy Market Revenue (USD million), by Application 2023 & 2031
  58. Figure 58: Asia Pacific Statcom For Renewable Energy Market Revenue Share (%), by Application 2023 & 2031
  59. Figure 59: Asia Pacific Statcom For Renewable Energy Market Revenue (USD million), by Country 2023 & 2031
  60. Figure 60: Asia Pacific Statcom For Renewable Energy Market Revenue Share (%), by Country 2023 & 2031
  61. Figure 61: Latin America Statcom For Renewable Energy Market Revenue (USD million), by Type 2023 & 2031
  62. Figure 62: Latin America Statcom For Renewable Energy Market Revenue Share (%), by Type 2023 & 2031
  63. Figure 63: Latin America Statcom For Renewable Energy Market Revenue (USD million), by Application 2023 & 2031
  64. Figure 64: Latin America Statcom For Renewable Energy Market Revenue Share (%), by Application 2023 & 2031
  65. Figure 65: Latin America Statcom For Renewable Energy Market Revenue (USD million), by Country 2023 & 2031
  66. Figure 66: Latin America Statcom For Renewable Energy Market Revenue Share (%), by Country 2023 & 2031
  67. Figure 67: MEA Statcom For Renewable Energy Market Revenue (USD million), by Type 2023 & 2031
  68. Figure 68: MEA Statcom For Renewable Energy Market Revenue Share (%), by Type 2023 & 2031
  69. Figure 69: MEA Statcom For Renewable Energy Market Revenue (USD million), by Application 2023 & 2031
  70. Figure 70: MEA Statcom For Renewable Energy Market Revenue Share (%), by Application 2023 & 2031
  71. Figure 71: MEA Statcom For Renewable Energy Market Revenue (USD million), by Country 2023 & 2031
  72. Figure 72: MEA Statcom For Renewable Energy Market Revenue Share (%), by Country 2023 & 2031
List of Tables
  1. Table 1: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Type 2018 & 2031
  2. Table 2: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Application 2018 & 2031
  3. Table 3: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Region 2018 & 2031
  4. Table 4: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Type 2018 & 2031
  5. Table 5: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Application 2018 & 2031
  6. Table 6: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Region 2018 & 2031
  7. Table 7: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Type 2018 & 2031
  8. Table 8: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Application 2018 & 2031
  9. Table 9: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Country 2018 & 2031
  10. Table 10: United States Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  11. Table 11: Canada Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  12. Table 12: Mexico Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  13. Table 13: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Type 2018 & 2031
  14. Table 14: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Application 2018 & 2031
  15. Table 15: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Country 2018 & 2031
  16. Table 16: UAE Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  17. Table 17: South Africa Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  18. Table 18: Saudi Arabia Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  19. Table 19: Rest of Middle East Africa Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  20. Table 20: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Type 2018 & 2031
  21. Table 21: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Application 2018 & 2031
  22. Table 22: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Country 2018 & 2031
  23. Table 23: China Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  24. Table 24: Japan Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  25. Table 25: India Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  26. Table 26: South Korea Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  27. Table 27: Taiwan Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  28. Table 28: South East Asia Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  29. Table 29: Australia Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  30. Table 30: Rest of Asia-Pacific Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  31. Table 31: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Type 2018 & 2031
  32. Table 32: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Application 2018 & 2031
  33. Table 33: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Country 2018 & 2031
  34. Table 34: Germany Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  35. Table 35: France Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  36. Table 36: Italy Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  37. Table 37: United Kingdom Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  38. Table 38: Spain Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  39. Table 39: Nordics Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  40. Table 40: Benelux Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  41. Table 41: Rest of Europe Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  42. Table 42: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Type 2018 & 2031
  43. Table 43: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Application 2018 & 2031
  44. Table 44: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Country 2018 & 2031
  45. Table 45: Brazil Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  46. Table 46: Argentina Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  47. Table 47: Rest of South America Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  48. Table 48: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Type 2018 & 2031
  49. Table 49: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Application 2018 & 2031
  50. Table 50: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Country 2018 & 2031
  51. Table 51: U.S. Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  52. Table 52: Canada Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  53. Table 53: Mexico Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  54. Table 54: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Type 2018 & 2031
  55. Table 55: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Application 2018 & 2031
  56. Table 56: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Country 2018 & 2031
  57. Table 57: UK Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  58. Table 58: Germany Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  59. Table 59: France Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  60. Table 60: Italy Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  61. Table 61: Spain Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  62. Table 62: Russia Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  63. Table 63: Netherlands Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  64. Table 64: Switzerland Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  65. Table 65: Poland Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  66. Table 66: Sweden Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  67. Table 67: Belgium Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  68. Table 68: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Type 2018 & 2031
  69. Table 69: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Application 2018 & 2031
  70. Table 70: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Country 2018 & 2031
  71. Table 71: China Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  72. Table 72: India Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  73. Table 73: Japan Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  74. Table 74: South Korea Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  75. Table 75: Australia Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  76. Table 76: Singapore Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  77. Table 77: Malaysia Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  78. Table 78: Indonesia Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  79. Table 79: Thailand Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  80. Table 80: Philippines Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  81. Table 81: New Zealand Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  82. Table 82: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Type 2018 & 2031
  83. Table 83: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Application 2018 & 2031
  84. Table 84: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Country 2018 & 2031
  85. Table 85: Brazil Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  86. Table 86: Mexico Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  87. Table 87: Argentina Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  88. Table 88: Chile Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  89. Table 89: Colombia Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  90. Table 90: Peru Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  91. Table 91: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Type 2018 & 2031
  92. Table 92: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Application 2018 & 2031
  93. Table 93: Global Statcom For Renewable Energy Market Revenue USD million Forecast, by Country 2018 & 2031
  94. Table 94: UAE Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  95. Table 95: Saudi Arabia Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  96. Table 96: South Africa Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  97. Table 97: Egypt Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  98. Table 98: Turkey Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  99. Table 99: Israel Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  100. Table 100: Nigeria Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
  101. Table 101: Kenya Statcom For Renewable Energy Market Revenue (USD million) Forecast, by Application 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 5.4% from 2018-2032
Segmentation
    • By Type
      • Low Voltage STATCOM (less than 20Mvar
    • By Application
      • Solar
      • Hydro
      • Wind
      • Others
  • By Geography
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Netherlands
      • Switzerland
      • Poland
      • Sweden
      • Belgium
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Indonesia
      • Thailand
      • Philippines
      • New Zealand
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Chile
      • Colombia
      • Peru
    • MEA
      • UAE
      • Saudi Arabia
      • South Africa
      • Egypt
      • Turkey
      • Israel
      • Nigeria
      • Kenya

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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