Global Static Synchronous Compensator Market Is Expected To Reach $1.7 Billion By 2030- An Exclusive Market Research Report By Lucintel

By Author: Lucintel LLC
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Lucintel's latest study found that, the future of the global static synchronous compensator market looks promising with opportunities in the utility, railway, steel manufacturing, and renewable energy markets. The global static synchronous compensator market is expected to reach an estimated $1.7 billion by 2030 with a CAGR of 10.2% from 2024 to 2030. The major drivers for this market are growing demand for renewable electricity, rising demand for smart grid infrastructure and smart meter roll outs, and increasing government initiatives to modernize power infrastructure.
In this market, low voltage, medium voltage, and high voltage are the major segments of static synchronous compensator market by type.
Lucintel forecast that medium voltage will remain the highest growing segment over the forecast period due to growing demand for voltage stabilization and supporting requirement for poor power factor in utility transmission and distribution.
Browse in depth TOC of the static synchronous compensator market
100 - Figures
150-Pages
static synchronous compensator Market is marked by presence of ...
... several big and small players. Siemens, Hitachi, GE Energy, Mitsubishi, Sieyuan Electric, Hyosung Heavy Industries, Ingeteam, American Superconductor, Eaton Corporation, and RXHK are the major suppliers in the static synchronous compensator market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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