STATCOM or Static Synchronous Compensator (STATCOM is also called Static Var Generator, SVG) is a shunt device, which uses force-commutated power electronics (i.e. GTO, IGBT) to control power flow and improve transient stability on electrical power networks. It is also a member of the so-called Flexible AC Transmission System (FACTS) devices. The STATCOM basically performs the same function as the static var compensators but with some advantages.
According to Component, SVG can be divided into GTO type, IGBT type, IGCT type, SCR type, GTR type, MOSFET type. FACTS-based power conversion equipment generally used full-controlled devices, mainly choose GTO, modified GTO (IGBT, MTO, ETO) and (HV) IGBT and other devices.

This report focuses IGBT based STATCOM.
Europe is the largest production of Gate Bipolar Transistors STATCOM, with a production revenue market share nearly 44.55% in 2017.
The second place is China; following Europe with the production revenue market share over 18.12% in 2017. The Gate Bipolar Transistors STATCOM price of Chinese producers is generally low.
North America is another important production market of Gate Bipolar Transistors STATCOM.
The Gate Bipolar Transistors STATCOM Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.

The report offers detailed coverage of Gate Bipolar Transistors STATCOM industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Gate Bipolar Transistors STATCOM by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Gate Bipolar Transistors STATCOM market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.

First, this report covers the present status and the future prospects of the global Gate Bipolar Transistors STATCOM market for 2015-2027.

Key Companies
ABB
Siemens
Rongxin
Sieyuan Electric
Hitachi
Mitsubishi Electric
S&C Electric
GE
AMSC
Ingeteam
Beijing In-power Electric Co., Ltd
Comsys AB
Merus Power

Gate Bipolar Transistors STATCOM Market by Type
Low Voltage STATCOM
High Voltage STATCOM
Gate Bipolar Transistors STATCOM Market by Application
Renewable Energy
Electric Utilities
Industrial & Manufacturing

At the same time, we classify Gate Bipolar Transistors STATCOM according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Gate Bipolar Transistors STATCOM market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Gate Bipolar Transistors STATCOM market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Gate Bipolar Transistors STATCOM market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.

Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Gate Bipolar Transistors STATCOM market for the forecast period 2021 - 2027?
• What are the driving forces in the Gate Bipolar Transistors STATCOM market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Gate Bipolar Transistors STATCOM industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

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