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 leading production market for Gate Bipolar Transistors STATCOM, accounting for about 40% of the global market, followed by China with about 20%.
Major manufacturers include ABB, Siemens, Rongxin, Hitachi and Mitsubishi Electric, with the top three accounting for about 40%.

Market Analysis and Insights: Global Gate Bipolar Transistors STATCOM Market
In 2020, the global Gate Bipolar Transistors STATCOM market size was US$ 628.2 million and it is expected to reach US$ 889.8 million by the end of 2027, with a CAGR of 5.1% during 2021-2027.
Global Gate Bipolar Transistors STATCOM Scope and Market Size
Gate Bipolar Transistors STATCOM market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Gate Bipolar Transistors STATCOM market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Gate Bipolar Transistors STATCOM market is segmented into
Low Voltage STATCOM
High Voltage STATCOM

Segment by Application, the Gate Bipolar Transistors STATCOM market is segmented into
Renewable Energy
Electric Utilities
Industrial & Manufacturing
Others

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape and Gate Bipolar Transistors STATCOM Market Share Analysis
Gate Bipolar Transistors STATCOM market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Gate Bipolar Transistors STATCOM product introduction, recent developments, Gate Bipolar Transistors STATCOM sales by region, type, application and by sales channel.

The major companies include:
ABB
Siemens
Rongxin
Sieyuan Electric
Hitachi
Mitsubishi Electric
S&C Electric
GE
AMSC
Ingeteam
Beijing In-power Electric Co., Ltd
Comsys AB
Merus Power