Transparency Market Research STATCOM UPS Market - India Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024 Published Date 05-May-2016 85 Page Report Buy Now Request Sample Press Release Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] STATCOM UPS Market REPORT DESCRIPTION STATCOM UPS Market - India Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024 Increasing industrialization coupled with rising electricity demand is boosting the demand for energy management technologies, such as static synchronous compensator (STATCOM) UPS and static VAR compensator (SVC) UPS, in India. Both of these are regulating devices used for power factor correction and voltage regulation across the network. Static VAR compensator (SVC) UPS is considered as a traditional technology, primarily used for controlling the network voltage at its coupling point. However, utilities and industries prefer STATCOM UPS technology over SVC UPS technology on account of its high speed of response and low harmonic emission. Presently, two types of STATCOM UPS technologies are being majorly used: insulated gate bipolar transistor (IGBT) based STATCOM UPS and gate turn-off thyristor (GTO) based STATCOM UPS. Browse STATCOM UPS Market Report with Full TOC at : http://www.transparencymarketresearch.com/india-statcom-ups-market.html IGBT based STATCOM UPS is the most preferred technology across all the industries and utilities owing to its wide applications in both real power (HVDC) and reactive power (FACTS). Both these STATCOM UPS have applications in long distance power transmission, power distribution, oil and gas offshore platforms, steel manufacturing, mining, and the automobile industry. India has witnessed a significant growth in the manufacturing sector in the last few decades, especially after the introduction of economic reforms in 1991. This has created high demand for electricity. Several companies across industries are exploring all possible technologies for reliable and uninterrupted power supply in order to increase their production. This has augmented the demand for STATCOM UPS technology across the manufacturing industries in India. This technology is also widely used in power transmission and power substations. The Government of India is investing aggressively in developing high-capacity corridors comprising 400 kV & 765 kV lines, HVDC power transmission systems, and upgrading aged transmission infrastructure. STATCOM plays a very crucial role in compensating reactive power and refining power factor across the transmission network. In the next five years, investments of almost US$ 50 Bn are expected in the transmission sector. Such investments would drive the growth of STATCOM UPS market in the near future. India’s STATCOM UPS market has been analyzed in terms of revenue (US$ Mn). Additionally, the market has been segmented on the basis of product type (IGBT based STATCOM UPS and GTO based STATCOM UPS), application (long distance power transmission, power distribution, oil and gas offshore platforms, steel manufacturing, mining, and automobile industry), and geography. IGBT based STATCOM UPS held the largest share in India’s STATCOM UPS market in terms of product type in 2014. However, in application segment, power substation led the STATCOM UPS market in terms of revenue in 2014. The STATCOM UPS market has been segmented into four regions: East India, West India, North India, and South India. West India, with states such as Maharashtra, Gujarat, and Chhattisgarh, accounted for the highest share in India’s STATCOM UPS market in 2014. The market in East India is expected to witness Transparency Market Research 2 STATCOM UPS Market significant growth due to economic development and increasing industrial activities in Orissa and Jharkhand. Key players in India’s STATCOM UPS market are Bharat Heavy Electricals Limited (BHEL), ABB India Limited, Crompton Greaves Limited, Schneider Electric India Pvt. Ltd., General Electric India Ltd., Mitsubishi Electric India Pvt. Ltd., Signotron India Pvt. Ltd., Power One Micro Systems Pvt. Ltd., Veeral Controls Pvt. Ltd., and NR Energy Solutions India Pvt. Ltd. Download Free exclusive Sample of this report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10805 TABLE OF CONTENT Table of Content Section 01: Preface Report Description Market Segmentation Research Scope Research Methodology Section 02: Executive Summary Indian STATCOM UPS and SVC Market: Snapshot Section 03: Industry Analysis Transparency Market Research 3 STATCOM UPS Market Introduction Value Chain Analysis Drivers, Restraints, Opportunities Porter’s Five Forces Analysis Company Market Share – STATCOM UPS (2014) Market Attractiveness Analysis Section 04: STATCOM UPS Product Segment Analysis Introduction Gate Turn-Off Thyristors (GTO) STATCOM Insulated Gate Bipolar Transistors (IGBT) STATCOM Section 05: STATCOM UPS Application Segment Analysis Introduction Long distance power transmission Power substations Oil & gas Steel manufacturing Mining Transparency Market Research 4 STATCOM UPS Market Automobile industry Section 06: SVC UPS Product Segment Analysis Introduction Thyristors-Based SVC Magnetically Controlled Reactor (MCR)-Based SVC Section 07: Geographical Segment Analysis Regional Overview East India STATCOM & SVC UPS Market By Product Type By Application West India STATCOM & SVC UPS Market By Product Type By Application North India STATCOM & SVC UPS Market By Product Type By Application South India STATCOM & SVC UPS Market By Product Type Transparency Market Research 5 STATCOM UPS Market By Application Section 08: Company Profiles Bharat Heavy Electricals Limited (BHEL) ABB India Limited Crompton Greaves Limited Schneider Electric India Pvt. Ltd. General Electric India Ltd. Mitsubishi Electric India Pvt. Ltd. Signotron India Pvt. Ltd. Power One Micro Systems Pvt. Ltd. Veeral Controls Pvt. Ltd. NR Energy Solutions India Pvt. Ltd. Browse STATCOM UPS Market Report with Full TOC at : http://www.transparencymarketresearch.com/india-statcom-ups-market.html About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our Transparency Market Research 6 STATCOM UPS Market business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/ Transparency Market Research 7
Buyers in the India static synchronous compensator (STATCOM) UPS market are giving brand image exceptional importance, prompting companies to differentiate both their offerings and brand value, finds TMR in a new study. This sentiment has percolated to building customer loyalties that are driving STATCOM UPS suppliers in India, thereby pushing players to focus on their branding building. Keeping in line with this trend, while companies such as Bharat Heavy Electricals Limited (BHEL) are focusing on increasing their vendor base to improve competitiveness, others such as ABB India Limited are focusing on product management. The leading players will also have to focus on improving their manufacturing facilities and increasing their research and development investments to gain a stronger footing in the Indian market, TMR recommends.
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