STATCOM UPS Market Size 2016 - 2024

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
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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.
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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
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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.
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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
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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
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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
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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.
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STATCOM UPS Market
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This research study analyzes the market for STATCOM UPS in India in terms of revenue (US$ Mn). The STATCOM UPS market has been segmented on the basis of product, application, and geography. The geographical segmentation includes four regions. For the research, 2014 has been taken as the base year, while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the regional level from 2016 to 2024. The report provides a broad competitive analysis of companies engaged in the STATCOM UPS business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the STATCOM UPS market in India. Download Free Research Report Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10805