#Reactive Power Compensation Device Market Growth

[energyandpowertrends]

Shunt Reactor Market Set for Significant Growth Through 2031 Driven by Rising Demand for Voltage Control in Electrical Grids

The Shunt Reactor Market size was valued at US$ 2.52 billion in 2023 and is expected to grow to US$ 4.42 billion by 2030 and grow at a CAGR of 7.3% over the forecast period of 2024–2031.

Shunt reactors are critical devices used in electrical networks to manage and compensate for reactive power. By absorbing excess reactive power, they help maintain voltage levels within acceptable ranges, thereby enhancing the reliability and performance of power systems. The integration of renewable energy sources, such as wind and solar, often leads to voltage fluctuations that can jeopardize grid stability. Shunt reactors mitigate these fluctuations, making them indispensable in modern power systems.

The increasing global demand for electricity, coupled with the need for sustainable energy solutions, is driving investments in shunt reactor installations. As countries aim to meet their climate goals and improve energy efficiency, the importance of effective reactive power management continues to grow.

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Key Market Drivers

Increasing Demand for Reactive Power Compensation: The need for reactive power compensation in high-voltage transmission systems is a significant driver of the shunt reactor market. Utilities are increasingly investing in shunt reactors to ensure voltage stability and compliance with regulatory standards.

Integration of Renewable Energy Sources: The expansion of renewable energy technologies often leads to voltage fluctuations. Shunt reactors play a crucial role in managing these fluctuations, thereby facilitating the integration of variable generation sources into the grid.

Grid Modernization Initiatives: Governments and utilities worldwide are investing in the modernization of electrical grids to enhance their reliability and efficiency. This trend is propelling the demand for shunt reactors as part of broader grid improvement projects.

Rising Electricity Consumption: The growing global population and increasing industrialization are driving up electricity consumption. This surge in demand necessitates the enhancement of power infrastructure, including the implementation of shunt reactors.

Supportive Government Policies: Various governments are implementing policies and regulations to promote grid stability and efficiency, further encouraging investments in shunt reactor technology.

Market Segmentation

The Shunt Reactor Market can be segmented by type, installation, application, and region.

By Type

Air-Core Shunt Reactors: These reactors are used primarily in high-voltage applications due to their low losses and high efficiency. They are commonly installed in substations and transmission networks.

Oil-Filled Shunt Reactors: These reactors utilize oil for cooling and insulation and are typically employed in power systems where higher insulation levels are necessary.

Dry-Type Shunt Reactors: Utilizing air as a cooling medium, dry-type reactors are suitable for lower voltage applications and are preferred for indoor installations due to their compact design.

By Installation

Indoor Shunt Reactors: Installed within substations or facilities, these reactors are designed for environments with limited space and require additional protection.

Outdoor Shunt Reactors: Designed for installation in open areas, outdoor reactors are built to withstand environmental conditions, making them suitable for high-voltage transmission applications.

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By Application

Transmission Systems: Shunt reactors are predominantly used in high-voltage transmission systems to maintain voltage levels and improve overall system stability.

Distribution Systems: In distribution networks, shunt reactors help manage reactive power, ensuring efficient delivery of electricity to end consumers.

Renewable Energy Integration: Shunt reactors are increasingly used in conjunction with renewable energy projects to mitigate voltage fluctuations caused by variable generation.

Regional Analysis

North America: The North American shunt reactor market is set to grow significantly due to ongoing investments in grid modernization and the integration of renewable energy sources. The U.S. and Canada are leading efforts to adopt advanced power management technologies.

Europe: Europe remains a key player in the shunt reactor market, with countries like Germany, France, and the UK investing in grid stability measures to support their renewable energy initiatives.

Asia-Pacific: The Asia-Pacific region is expected to witness rapid growth in the shunt reactor market, particularly in countries like China, India, and Japan, which are investing heavily in power infrastructure.

Middle East & Africa: The Middle East and Africa are exploring the potential of shunt reactors to enhance electricity infrastructure, focusing on improving grid stability and reliability.

Latin America: Countries like Brazil and Chile are beginning to invest in shunt reactors, recognizing the importance of these devices in supporting their expanding energy needs.

Current Market Trends

Technological Innovations: Manufacturers are focusing on developing advanced shunt reactors that minimize losses and enhance efficiency, responding to the demands of modern power systems.

Smart Grid Implementation: The integration of smart grid technologies is increasing the demand for shunt reactors as utilities seek to optimize power management and enhance grid resilience.

Decentralized Energy Systems: The trend towards decentralized energy systems, including distributed generation and microgrids, is creating new opportunities for shunt reactors to manage reactive power locally.

Sustainability Focus: As sustainability becomes a priority for industries and utilities, the demand for efficient and reliable shunt reactors is growing to support renewable energy integration and reduce environmental impact.

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[digitrenndsamr]

Flexible AC Transmission System Market in Asia Pacific is expected to expand at a rapid CAGR | Allied Market Research

Allied Market Research, titled, “Flexible AC Transmission System Market," The flexible ac transmission system market was valued at $1.2 billion in 2022, and is estimated to reach $2.3 billion by 2032, growing at a CAGR of 7% from 2023 to 2032.

Flexible Alternating Current Transmission System (FACTS) refers to a collection of power electronic devices and systems used in electrical power transmission networks. The purpose of FACTS is to enhance the control and flexibility of AC (alternating current) power flow. These devices are strategically placed in the power grid to regulate voltage, stabilize power flow, and increase the transmission capacity of lines. By actively manipulating key parameters, such as voltage, impedance, and phase angle, FACTS devices optimize power transmission, mitigate issues like voltage fluctuations and line congestion, and improve overall system stability and efficiency.

Flexible alternating current transmission system (FACTS) devices such as Static Var Compensators (SVC) and Static Synchronous Compensators (STATCOM), are used to regulate voltage levels and maintain voltage stability in power systems. They provide reactive power compensation and help mitigate voltage fluctuations caused by varying load conditions or disturbances in the grid. Flexible Alternating Current Transmission System (FACTS) devices such as Unified Power Flow Controllers (UPFC), Thyristor-Controlled Series Capacitors (TCSC), and Static Synchronous Series Compensators (SSSC), enable control of active and reactive power flow in transmission lines. They can adjust line impedance, improve power transfer capability, and optimize power flow distribution within the grid.

The flexible AC transmission systems (FACTS) market is segmented on the basis of compensation type, controller, industry vertical and region. On the basis of compensation type, the flexible AC transmission system market outlook is divided into series compensation, shunt compensation, and combined series-shunt compensation. In 2022, the series compensation segment dominated the market, in terms of revenue, and combined series-shunt compensation segment is projected to acquire the highest CAGR from 2023 to 2032. On the basis of controller, the flexible AC transmission system market forecast is segregated into synchronous compensator (STATCOM), static VAR compensator (SVC), unified power flow controller (UPFC), thyristor controlled series compensator (TCSC), and others. The others segment acquired the largest share in 2022 and synchronous compensator (STATCOM) is expected to grow at a significant CAGR from 2023 to 2032. On the basis of industry vertical, the flexible AC transmission system market growth is bifurcated into oil and gas, electric utility, railways, and others. The others segment acquired the largest share in 2022 and electric utility segment is expected to grow at a significant CAGR from 2023 to 2032.

Region-wise, the flexible AC transmission systems (FACTS) market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia , and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific remain significant participants in the flexible AC transmission systems (FACTS) market for installing flexible AC transmission line using various flexible AC transmission system devices during the forecast period.

KEY FINDINGS OF THE STUDY

The Flexible AC Transmission System Industry has been witnessing steady growth over the years, driven by increasing demand for grid optimization, renewable energy integration, and power quality improvement. The Flexible AC Transmission System Market Size is expected to continue expanding in the coming years.

Grid modernization initiatives, aimed at upgrading aging infrastructure and improving grid flexibility and reliability, have been a major driver for the deployment of FACTS devices. Governments and utilities are investing in the modernization of transmission systems, creating a huge opportunity for Flexible AC Transmission System Market share.

The adoption of FACTS technologies varies across regions. Developed economies, such as North America and Europe, have been early adopters of FACTS devices due to their well-established power infrastructure and grid modernization efforts. However, emerging economies in Asia-Pacific, such as China and India, are expected to exhibit significant market growth due to their increasing electricity demand and infrastructure development plans. Therefore, such Flexible AC Transmission System Market Trends are observed around the developing nations.

Market players are increasingly forming strategic collaborations and partnerships to enhance their technological capabilities, expand their market reach, and offer integrated solutions. These collaborations aim to leverage the expertise of different stakeholders in the value chain and accelerate market growth.

The key players profiled in the report include ABB Ltd, Adani Power Ltd, ALSTOM SA, CG Power and Industrial Solutions Limited, Eaton Corporation, General Electric, Hyosung Corporation, Mitsubishi Electric Corporation, NR Electric Co. Ltd, and Siemens AG. Market players have adopted various strategies such as collaboration, investment, and contracts to expand their foothold in the Flexible AC Transmission System Market analysis.

[gqresearch24]

𝐏𝐨𝐰𝐞𝐫 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐛𝐲 𝐒𝐢𝐳𝐞, 𝐒𝐡𝐚𝐫𝐞 & 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 2030 | 𝐆𝐐 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

The Power Electronics market is set to witness remarkable growth, as indicated by recent market analysis conducted by GQ Research. In 2023, the global Power Electronics market showcased a significant presence, boasting a valuation of US$ 27.89 Billion. This underscores the substantial demand for Power Electronics technology and its widespread adoption across various industries.

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Projected Growth: Projections suggest that the Power Electronics market will continue its upward trajectory, with a projected value of US$ 41.80 Billion by 2030. This growth is expected to be driven by technological advancements, increasing consumer demand, and expanding application areas.

Compound Annual Growth Rate (CAGR): The forecast period anticipates a Compound Annual Growth Rate (CAGR) of 4.25%, reflecting a steady and robust growth rate for the Power Electronics market over the coming years.

Technology Adoption: The adoption of power electronics technologies spans diverse sectors, including automotive, renewable energy, consumer electronics, industrial automation, and telecommunications. Innovations such as silicon carbide (SiC) and gallium nitride (GaN) semiconductors, advanced control algorithms, and digital power management systems enable enhanced efficiency, higher power density, and improved reliability in power electronic devices. Moreover, the proliferation of electric vehicles, smart grids, and renewable energy systems drives the demand for innovative power electronics solutions, accelerating technology adoption across industries.

Application Diversity: Power electronics find applications in an array of systems and devices, ranging from motor drives, inverters, and converters to uninterruptible power supplies (UPS), electric vehicle powertrains, and renewable energy converters. Their versatility allows for precise control of voltage, current, and frequency, facilitating energy conversion and management in diverse environments. Additionally, power electronics play a crucial role in grid stabilization, power factor correction, and reactive power compensation, contributing to the efficiency and reliability of electrical infrastructure.

Consumer Preferences: Consumers value power electronics solutions that offer energy efficiency, reliability, and compatibility with emerging technologies. In the consumer electronics sector, demand for energy-efficient power adapters, chargers, and inverters drives the preference for compact, lightweight, and high-performance devices. Moreover, as sustainability gains prominence, consumers seek products with minimal environmental impact, prompting manufacturers to prioritize energy-efficient designs, recyclable materials, and eco-friendly manufacturing processes.

Technological Advancements: Technological advancements in power electronics encompass improvements in semiconductor materials, packaging techniques, and system integration methods. The development of wide-bandgap semiconductors, such as SiC and GaN, enables higher operating temperatures, reduced switching losses, and increased power density in electronic devices. Furthermore, advancements in digital control algorithms, predictive maintenance techniques, and fault-tolerant designs enhance system performance, reliability, and safety across diverse applications.

Market Competition: The power electronics market is characterized by intense competition among established players, semiconductor manufacturers, and emerging startups. Key market players invest in research and development to drive innovation, expand product portfolios, and gain a competitive edge in rapidly evolving markets. Strategic collaborations, partnerships, and acquisitions enable technology integration, market penetration, and differentiation, fueling market growth and diversification.

Environmental Considerations: Environmental considerations are integral to the design, manufacturing, and operation of power electronics systems. Efforts to improve energy efficiency, reduce power losses, and minimize environmental impact drive the adoption of eco-friendly materials, energy-efficient designs, and recyclable components. Additionally, initiatives to promote circular economy principles, such as product refurbishment, remanufacturing, and end-of-life recycling, contribute to resource conservation and sustainability in the power electronics industry.

 Regional Dynamics: Different regions may exhibit varying growth rates and adoption patterns influenced by factors such as consumer preferences, technological infrastructure and regulatory frameworks.

Key players in the industry include:

ABB Group

Renesas Electronics Corporation

Rockwell Automation Inc.

Microsemi Corporation

Texas Instruments Inc.

Infineon Technologies AG

STMicroelectronics NV

Fuji Electric Co.Ltd.

Qualcomm Inc.

Mitsubishi Electric Corp.

The research report provides a comprehensive analysis of the Power Electronics market, offering insights into current trends, market dynamics and future prospects. It explores key factors driving growth, challenges faced by the industry, and potential opportunities for market players.

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GQ Research is a company that is creating cutting edge, futuristic and informative reports in many different areas. Some of the most common areas where we generate reports are industry reports, country reports, company reports and everything in between.

Contact:

Jessica Joyal

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[semiconductors-and-technology]

Static VAR Compensator Market Trends, Outlook, and Size Analysis 2023-2030

In the world of electrical power systems, maintaining stability and reliability is paramount. Enter Static VAR Compensators (SVCs), the unsung heroes of the electricity grid. These advanced devices play a crucial role in regulating voltage, improving power factor, and enhancing system performance. Join us as we delve into the dynamic realm of the Static VAR Compensator Market, where innovation meets energy efficiency, and grid stability takes center stage.

Unveiling the Power of Control: Understanding the Static VAR Compensator Market

The Static VAR Compensator (SVC) Market is a key segment of the power electronics industry, dedicated to enhancing the stability and efficiency of electrical grids. SVCs are sophisticated devices that dynamically adjust reactive power to regulate voltage levels, mitigate voltage fluctuations, and improve the power factor of transmission and distribution systems. With the increasing integration of renewable energy sources and the evolving demands of modern power systems, the demand for SVCs is on the rise, driving innovation and investment in the market.

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Exploring Precision Engineering: Segmentation Analysis

To better understand the Static VAR Compensator Market, let's break down its key segments:

Type of SVC: SVCs come in various configurations, including Thyristor-Controlled SVCs (TCSC), Thyristor-Switched Capacitor (TSC), and Thyristor-Controlled Reactor (TCR), each with specific applications and performance characteristics.

Voltage Rating: SVCs are classified based on their voltage capacity, ranging from low-voltage distribution systems to high-voltage transmission networks, catering to diverse grid requirements.

Application: SVCs find applications in transmission grids, distribution networks, industrial facilities, renewable energy plants, and other critical infrastructure, where voltage stability and power quality are paramount.

End-User Sector: Utilities, grid operators, industrial facilities, renewable energy developers, and infrastructure projects are among the key users driving the adoption of SVC technology.

Harnessing Grid Intelligence: Impact on Power Systems

The Static VAR Compensator Market is not just about reactive power control; it's about enhancing grid stability, reliability, and efficiency. By dynamically adjusting reactive power output, SVCs help maintain voltage levels within acceptable limits, improve power factor, and mitigate voltage flicker and oscillations. Moreover, by providing fast and precise response to grid disturbances, SVCs enhance the resilience of power systems, reduce transmission losses, and optimize the utilization of existing infrastructure, leading to cost savings and improved performance.

Global Perspectives: Regional Outlook

The adoption of Static VAR Compensators varies across different regions, influenced by factors such as grid infrastructure, regulatory environment, and energy policies. Developed economies in North America, Europe, and Asia-Pacific lead the market, driven by investments in grid modernization, renewable energy integration, and transmission upgrades. Emerging economies in Latin America, Africa, and the Middle East present opportunities for market growth, as governments prioritize infrastructure development and energy transition initiatives.

Driving Innovation and Collaboration: Competitive Analysis

Leading companies in the Static VAR Compensator Market, such as ABB Ltd., Siemens AG, and GE Renewable Energy, are driving innovation and shaping the future of grid stability solutions. Through research and development initiatives, strategic partnerships, and investments in smart grid technologies, these companies are pushing the boundaries of SVC technology and unlocking new opportunities for grid optimization and resilience. Moreover, startups and technology providers are entering the market, exploring niche applications and disruptive solutions, driving competition and innovation.

Conclusion: Powering a Resilient Future

In conclusion, the Static VAR Compensator Market represents a critical enabler of grid stability and reliability in an era of increasing energy complexity and renewable integration. By harnessing the power of reactive power control and grid intelligence, SVCs play a pivotal role in ensuring the smooth operation of power systems, enhancing energy efficiency, and supporting the transition to a sustainable energy future. As utilities, grid operators, and energy stakeholders embrace the importance of grid stability, let us leverage the potential of Static VAR Compensators to build a resilient, reliable, and sustainable energy infrastructure for generations to come.

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[robertemma27-blog]

GaN Semiconductor Device Market Booming Worldwide with Latest Trend and Future Scope by 2028

The global GaN semiconductor device market size is estimated to be worth USD 21.1 billion in 2023 and is projected to reach USD 28.3 billion by 2028, at a CAGR of 6.1% during the forecast period.

Increasing adoption of GaN semiconductor devices in consumer and business enterprises, surging deploymnet of GaN semiconductor devices in energy & power industry, and growing integration of GaN semiconductor devices in automotive industry are some of the major factors driving the market growth globally.

Discrete semiconductor segment to register largest market share in the GaN semiconductor device market during forecast period

Discrete GaN semiconductor components include GaN transistors and GaN diodes that are individually packaged and marketed. These components are used in diverse applications such as power supply units, inverters, and radio frequency (RF) amplifiers. GaN transistors and diodes effectively manage substantial voltage and current levels, leading to powerful designs. Additionally, they enable more compact and lightweight circuits suitable for applications where constraints on size and weight are paramount.

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Power & Energy to register highest CAGR in the GaN semiconductor device market during forecast period The energy & power segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the rising integration of GaN semiconductor devices into electronic systems to work in elevated temperatures, pressures, and voltages. Moreover, The GaN semiconductor technology foresees extensive adoption in energy and power solutions, encompassing realms such as energy storage systems, solar DC to AC inverters, AC solar panels, and volt-ampere reactive (VAR) compensators in the future.

Asia Pacific held for the largest GaN semiconductor device market share in 2022 Asia Pacific is accounted for the largest share of the GaN semiconductor device market in 2022. The presence of established several semiconductor manufacturing companies such as Toshiba (Japan), Nichia Corporation (Japan), and Mitsubishi Electric (Japan), increasing integration in consumer & business enterprise verticals, government-led initiatives for innovation and industrial development are the major factors driving the market growth in Asia Pacific.

GaN Semiconductor Device Market Key Players The major players in the GaN semiconductor device companies include Qorvo, Inc. (US), Wolfspeed, Inc. (US), Sumitomo Electric Industries, Ltd. (Japan), MACOM Technology Solutions Holdings, Inc. (US) and Infineon Technologies AG (Germany). These companies have used both organic and inorganic growth strategies such as product launches, agreements, collaborations, acquisitions, partnerships and expansions to strengthen their position in the market.

[reddit-1]

Harmonic filter market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2032

Harmonics produced due to the occurrence of non-linear loads in the electrical power system. The transmission of harmonic frequencies in the power system is one of the primary cause of problems related to poor power quality. Therefore, for optimum power quality, suppression of harmonics is required.

The filters aids in controlling constant harmonic distortions in electronic appliances. The developments in semiconductor technologies is creating demand for  harmonic filters by making it cost efficient and high powered technology which had a positive impact on the growth of harmonic filters globally

Growing awareness related to potential damage from power frequency variations in electrical and heating devices is expected to be a key factor driving harmonic filters market. Harmonic filters are widely used in capacitor banks used in heating and electrical appliances.

Active harmonic filters are designed for power compensation and for avoiding non-linear loads that lead to low-quality transmission. Active harmonic filters are designed for dynamic reactive power compensation and harmonic filtering.

Increasing usage of harmonic filters in industrial and commercial sectors such as variable speed motor drives (VSDs), power converters, light dimmers, fluorescent lamps and have significantly contributed to the growth of harmonic filters market.

Harmonic Filter Market: Market Dynamics

The growth of harmonic filters can be attributed to the increasing demand for active and passive harmonic filters in industrial and commercial sectors.

Rising demand from IT and data centers creates potential growth opportunities for harmonic filters market.

The application of harmonic filters along with adjustable speed drives (ASDs) on two distinct platforms is expected to hamper the growth of harmonic filter market.

Global Harmonic Filter Market: Competition Landscape

Few prominent players in Harmonic Filter market includeSchneider Electric SE, Eaton Corporation Plc, ABB Ltd., Danfoss A/S, AVX Corporation, Baron Power Limited, Crompton Greaves Ltd., TDK Corporation, Schaffner Holding AG, Comsys AB, Merus Power Dynamics Oy and Larsen & Tourbo Ltd., etc. Click For More Info: https://www.futuremarketinsights.com/reports/harmonic-filter-market

[rohit890]

Medium Voltage Vacuum Contactors Industry growth analysis, technology trends and key feature

Market Overview

Contractor is an electrically controlled switch used for switching an electric power circuit. It comprises three parts, namely Contacts as the current carrying component, electromagnet as the driving force to close the contacts, and enclosure is a frame enclosing the contact and electromagnet. Vacuum contactors utilize vacuum bottle encapsulated contacts. Vacuum contractors are widely used at medium voltages i.e. 1000 V-5000V, as effective circuit breakers in various applications. Vacuum contactors are only applicable for use in AC systems. These contactors are used in conveying and elevator systems, pumping stations, air conditioning systems, as well as in systems for reactive power compensation, and can therefore be found in almost every industrial sector.

Vacuum contactors are very efficient at disrupting the energy of an electric arc and are used when relatively fast switching is required, as the maximum break time is determined by the periodicity of the AC waveform. For example, in the case of 60HZ power (U.S. standard), the power will discontinue within 1/120 or 0.008333 of a second. Medium voltage vacuum contactors are load breaking devices with a limited short-circuit making and breaking capacity for applications with high switching rates of up to 1 million operating cycles.

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Market Dynamics

Asia Pacific is the largest and fastest-growing market for the medium voltage vacuum contactors, owing to the growing electrical equipment and power generation sectors in the region. Asia Pacific encompasses some of the fast-growing economies such as China, India, and Japan, that will majorly contribute in the growth of Medium Voltage Vacuum Contactors. India is will majorly contribute to the medium voltage vacuum contactors market in the region, owing to the growth in its growing power sector. For instance, according to May 2018 report by India Brand Equity Foundation, India ranked fifth in the world for its power generation capacity. In May 2018, India ranked fourth in the Asia Pacific region, out of 25 nations on an index that measures overall power. Electricity production in India reached 1,201.543 Billion Units (BU) during 2018, accounting for 55.72% growth, compared to that in 2017. Medium voltage vacuum contactors are favoured in typical load equipment, such as transformers, which is majorly used in the power sector. Thus, growth of the power sector in Asia Pacific in turn, is expected to fuel grow of the medium voltage vacuum contactors, over the forecast period.

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Some of the key players operating in the medium voltage vacuum contactor are Eaton, ABB, Toshiba, Siemens, General Electric, Joslyn Clark, Mitsubishi Electric, Arteche, and Tavrida Electric.

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Phone: US +12067016702 / UK +4402081334027

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[thetechnonews]

Medium Voltage Vacuum Contactors Market - Size, Share, Outlook, and Opportunity Analysis, 2018 - 2026

Contractor is an electrically controlled switch used for switching an electric power circuit. It comprises three parts, namely Contacts as the current carrying component, electromagnet as the driving force to close the contacts, and enclosure is a frame enclosing the contact and electromagnet. Vacuum contactors utilize vacuum bottle encapsulated contacts. Vacuum contractors are widely used at medium voltages i.e. 1000 V-5000V, as effective circuit breakers in various applications. Vacuum contactors are only applicable for use in AC systems. These contactors are used in conveying and elevator systems, pumping stations, air conditioning systems, as well as in systems for reactive power compensation, and can therefore be found in almost every industrial sector.

Browse Complete Report For More Information @ https://www.coherentmarketinsights.com/ongoing-insight/medium-voltage-vacuum-contactors-market-1931

The power sector growth is a major driving factor for the medium voltage vacuum contractors market

Vacuum contactors are very efficient at disrupting the energy of an electric arc and are used when relatively fast switching is required, as the maximum break time is determined by the periodicity of the AC waveform. For example, in the case of 60HZ power (U.S. standard), the power will discontinue within 1/120 or 0.008333 of a second. Medium voltage vacuum contactors are load breaking devices with a limited short-circuit making and breaking capacity for applications with high switching rates of up to 1 million operating cycles. Advantages associated with using a vacuum as a switching medium are long electrical and mechanical life, extremely compact size and no arc chutes or blow out coils. Thus, the market of medium voltage vacuum contactor is expected to grow with growth of the Heating, Ventilation and Air Conditioners (HVAC) application.

North America is the second-largest market for medium voltage vacuum contactors due to increasing generation and consumption of power in this region. For instance, according to Enerdata’s Global Energy in 2017, the rate of energy consumption in North America was 4,365 TWh, accounting for around 21% of the total consumption in the world. Similarly, the region generated 4,970 TWh in 2016. Medium voltage vacuum contactors are suitable for application that require large transformers or large motors, such as applications in the power generation and transmission industry. Thus, growth of the power sector in the region is expected to boost growth of the medium voltage vacuum contactors in North America.

Medium Voltage Vacuum Contractors: Competitive Insight

Some of the key players operating in the medium voltage vacuum contactor are Eaton, ABB, Toshiba, Siemens, General Electric, Joslyn Clark, Mitsubishi Electric, Arteche, and Tavrida Electric.

Medium Voltage Vacuum Contractors: Taxonomy

By Voltage:

1-3.6 KV

3.7-7.2 KV

7.3-15 KV

Above 15 KV

By End Users:

Utilities Sector

Industrial Sector

Commercial Sector

Mining Sector

Others

By Region:

North America

Europe

Asia Pacific

Latin America

Middle East

Africa

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18 Secrets You Didn't Know About SEO

The main search engines optimization (SEO) is usually an important design feature associated with the website that enables the particular spider or robot to very easily can get on, thereby improving its visibility on the internet. Digital Advertising and SEO would be the particular most trending topics across the particular globe so when a items goes trending a number associated with other new and trending issues get connects with it. Such as AMP, Voice Search, AI plus Mobile friendly website are the particular preferred and trending part associated with SEO now. Are exceptional but their SEO potential might be lower compared to solo links. Right here are 8 off-page SEO strategies to expand your page ranks on search results. By 2010, marketers began to see the growing significance of social media content within SEO, so both Google plus Bing added ‘social signals, ' which would show any composed Facebook posts that matched someone’s search. For me, I experience as though I gained the valuable, all encompassing picture associated with SEO and it will assist me to create a method to move forward with rating goals. Simply by incorporating an actual SEO technique into your overall content marketing and advertising plan, you will be capable to climb the major lookup engines rankings within a issue of months. Now you should to finish off this off-page SEO techniques guide. In the success story associated with a website, both design plus search engine optimization (SEO) have fun with an important role as their own work is vital for the successful online presence. Since the onset associated with Google's Knowledge Graph SEO's about the globe are typically in a craze marking up their websites along with semantic markup. As it will be still the beginning of 2018, it will be exciting in order to find out these and some other SEO trends emerge as the particular year progresses. This is just going to be SEO 2019 Slide popular therefore an SEO prediction for 2018 is that websites that usually are reachable by voice searches may lose some of their ranks. What SEARCH ENGINE OPTIMIZATION does in a nutshell is definitely convert all your web or even forum pages into a great deal more user friendly links, which usually in turn can then become indexed by search engines significantly easier and faster. The end result is that without proper keyword research, you simply cannot nail local on-page SEO - or any type of SEO as an example. The end from the particular year 2018 is expected in order to witness a major shift within SEO marketing. With this switch happening at regular intervals, the particular search engine optimization (SEO) developments are also shifting. In the months of January and February, you would get a drop in web site traffic, but it does maybe not always mean that your Local SEO campaign is failing. Not just that, Google wants businesses in order to consider advantage of HTTPS, plus they are rewarding websites along with a small but significant increase in SEO for their initiatives. On the issue of speed, at the starting of 2017 there is still very much resistance to AMP within the particular SEO community overall, but once we head toward 2018 that seems to be dissipating now fairly having a reluctant acceptance that AMPLIFYING DEVICE looks as though it's not really going away any time shortly. For a long time, inbound links have been one of the particular primary parts of SEO. While it may sound uncommon, it really is simple: whenever Google sees that the business takes care of customers day-in-and-day-out, it will probably be much easier to obtain local SEO traction. Even Google already announced a good SEO update in 2015 that will has a tendency to enhance search ranking for mobile reactive websites. Meta description plays the major role in search motor ranking of your post therefore writing an SEO friendly meta description is important for positioning factor. Visit omega seo in order to learn more about developing extensive strategies to improve your Search engines ranking. The particular ads which you often see upon various webpages shown and all those that also show on the rightmost side of search results are usually inorganic SEO examples. In the event that you are doing a expert SEO audit for a real company, you are going to require to think like a Search engines Search Quality Rater AND the Google search engineer to supply real long-term value to the client. An example of White colored Hat SEO will be a good in-depth article with what may be thousands of words (called long-form content), implementing proper SEARCH ENGINE OPTIMIZATION such as semantically related key phrases, heading tags, optimized images, plus internal links.

In 2018, SEO marketers require to up their game plus shift their focus beyond position and towards revenue. In this content, I will be talking regarding 7 On-Page SEO techniques that will will boost your ranking. I obtained Best off-page SEO strategies through this post it helps all of us a lot to build even more links. Listed below are few SEARCH ENGINE OPTIMIZATION trends which are to turn out to be kept in mind as these types of factors will be advantageous with regard to your business growth by permitting you to shine among various. If your own content has answers of consumer questions, then you will have a win-win SEO 2017 craze. The optimization processneeds to be continued round the particular clock after consulting with the particular experts who guide you approach best shape content that a person publish on your website that will might lead to optimum functionality at that moment in period. Traditionally, that is why affordable SEO providers in Toronto and elsewhere are usually a rarity. Screaming Frog is a tool that crawls websites to better analyse onsite SEO. But this will provide your whole website a specific SEARCH ENGINE OPTIMIZATION boost and, most importantly, the much better user experience without having harming brand and conversions. Social shares are usually a win no matter just how you cut it. SEO's discussion about shares and cultural links being direct ranking aspects. No longer forget that SEO is regarding targeting real people, not just search engines. There are basically two main forms of search engine marketing; these are the on-site SEARCH ENGINE OPTIMIZATION and the off-site SEO. Through this particular post I'll find all the particular SEO blogs in one location. Likewise, SEO developments like AMPs, long-form keywords, AI mobile optimization and more are usually equally effective in contributing in order to your company growth. Black hat SEO can obtain you towards the top associated with SERP in a short period, nevertheless, search engines will almost all probably penalize and ban the particular website sooner or later. So, it's about period you changed the way a person conceptualize that SEO strategies intended for mobile searches. While that won't get resolved in 2018, we need incorporate the SEO team alongside additional marketing, both paid and possessed initiatives. It does not really take essence of SEO today then one of the most notable ranking factors Google uses in this point. Ranking for seo tips” is a bit easier (medium tail keyword). In addition, lookup engine optimization is infusing key phrase focus and SEO best procedures across other digital marketing stations, including social, paid, display, plus PR to create optimal outcomes and benefit. Are usually you wondering if keywords is definitely going to be crucial in order to SEO in 2018? I think the particular biggest SEO trends in 2018 are the personalization of research engine results, featured snippets, cellular first indexing and voice research. Backlinks are usually still the most significant component of SEO, but it will be not concerning the number of inbound links you build it really is definitely about creating high-quality backlinks. Mobile responsiveness, page load velocity, image optimization are really great for a site UX. Furthermore, checking and fixing broken hyperlinks, 404 error are good exercise of on-page SEO. Because of the particular discrepancy between what people are usually likely to type versus exactly what exactly they are likely in order to say, it is increasingly important for SEOs to understand just how the nuances of natural conversation patterns affect search engine outcomes. While that is not going to get solved in 2018, all of us need integrate the SEO group alongside other marketing, both compensated and owned initiatives. This particular goes against SEO in character, once we usually want the nearly all high-quality links, but having several non-important links is just because important. The particular battle for users is accelerating, and companies should pay much more attention to optimizing their visible content for SEO. RankBrain much even more of a ranking signal compared to an SEO masterpiece, however, this does possess some effects upon SEO, and can be specifically useful if users don't understand 100% what they're looking intended for, or simply can't find the particular right words to use. ” The first reaction is that the particular title would make much even more sense without the question tag, but the content itself provides value for people a fresh comer to SEO as the particular blogger reviews aspects that create newcomers hesitant about becoming involved in SEO. In 2018, the particular user experience will be the center associated with development and also the the key point for the SEARCH ENGINE OPTIMIZATION strategies. As the mobile-first index, page speed ranking element, as well as other changes continue to move out this year, be guaranteed that SEO which focuses upon quality over short-term gains is usually what can help you proceed up in the SERPs. Many SEO campaigns begin along with keywords - knowing what the particular audience within your niche is definitely searching for is really the powerful advantage. Authoritativeness is a essential metric for SEO these times, and when you read that will Google rater's guide, it indicates a lot more than simply having lots and lots associated with backlinks. It is usually the first SEO trend that will will make your site even more visible on search engine. SEO is executed on the understanding that websites rank because of how related a webpage is to the search query and how numerous links point to that web page. If you have SEARCH ENGINE OPTIMIZATION done for your site, a person will get a much much better ranking in the search motors because of the keywords or even keyword phrases used. Schemas are what help Search engines display rich snippets in research results, continuing t make all of them an important part of SEARCH ENGINE OPTIMIZATION in 2018. Without question, 2017 is the great year for search motor optimization (SEO) marketing. In the event that you want a free technique to see search ranking enhancements, or simply want more information (which can't hurt), install this particular free SEO dashboard to your own analytics. Image SEARCH ENGINE OPTIMIZATION is a crucial part associated with SEO different types of web sites. SEO business has seen the rise associated with many game changing SEO styles in 2017 The industry is usually looking forward for big adjustments in 2018. Before we all lay out our SEO forecasts 2018 will bring, let's consider a look at the method the marketplace and digital marketing and advertising trends changed this year. Because Google will certainly carry on and monetize its product plus push organic results further lower, SEO-ers will need to increase their practice and discover organic visitors outside of Google's organic position. Regarding example, considering the keyword tea” or marketing” may take very a long time for enhancing the ranking for every upon Google, however, using less researched terms like home tea-maker” or even SEO marketing for your business” can improve your chances associated with raking high in Google. Search Motor Optimization is done through composing SEO optimized content for the website. I WOULDN'T 301 REFOCUS users blindly to your house page in case you anticipate any SEO benefits from 301s. Nevertheless, 2018 SEO trends will prove in order to be the clincher. Canonical: This particular plug-in handles content syndication, which usually essentially allows other blogs in order to publish your job (similar to franchising) without hurting your website's SEARCH ENGINE OPTIMIZATION ranking—simply with the addition of a rel=canonical may get your brand and articles out on the web within multiple outlets, ensuring a better reach and bigger audience with no hurting your own search outcomes. Rich snippets and schema markup language is the one that one particular needs to work on even more to get a good increase in SEO score and furthermore for having a better positioning searching engine results page (also generally known as SERP). ” The wealthy snippets are a way in order to communicate with Google regarding the articles contained within the site. On the similar note, great SEO articles needs keywords but if a person overdo it, Google and human being visitors will hate it. Seeking to keep a healthy keyword thickness of 1-2% is recommended. SEO is definitely optimizing digital documents for individuals who use search engines. Search engines has stated publicly they think brands” are good for SEARCH ENGINE OPTIMIZATION, as people trust them plus want to see them offered in search results. Even as we appear ahead to SEO in 2018, discover our predictions for exactly what we think will be one particular of Google's biggest years however for search. Meta explanation plays a major role within search engine rating of your post so composing an SEO friendly meta explanation is essential for ranking aspect. SEO isn't very just about building search engine-friendly websites. When you're working on SEARCH ENGINE OPTIMIZATION, you need to be conscious of the existing factors that will influence your ranking. We might like to increase visibility, all of us want it to look in Lookup Engine Results Page (SERP), All of us should go with these alleged SEO techniques. Everybody knows that will SEO is an acronym that will means Search Engine Optimization. The particular analytical portion of the SEO is regarding tracking organic keyword positions, site traffic and its engagement online Analytics, Webmaster Tools and a lot of other specialized tools. Staying on top of the particular changing trends in search motor optimization (SEO) is a should if a website will be observed by targeted customers. Considering that Google processes more than 3. 5 billion searches for each day, the 30% increase within voice search in only the particular next two years translates straight into huge numbers and an actually bigger potential for optimizing your own SEO strategy to begin getting together with the demands of voice lookup now. It is usually true that constantly researching regarding SEO techniques is a tiresome and tiring process, but generally there is no silver bullet with regard to maintaining high ranking except adopting change. Thus, cellular friendliness serves as one associated with the major factor that will certainly continue in 2018 as the particular trend in SEO.

Excellent rule in my SEO agency which usually i instill in all the clients which is ‘if a person want your business top associated with Google, it must DESERVE in order to rank top of Google'. At the same time, the growth of voice search and virtual assistants can become an ideal basis for that development of artificial intelligence systems as well as the promotion of those SEO strategies that take into account current trends. Within the below-mentioned article, I did drop my key phrase SEO” in the beginning by itself. Alexatmedia is an marketing agency with 5 years' encounter In E-Marketing Field, We are usually using that technology to enhance any kind of business plus help the business owners in order to be in the first of them Competitors, Alexatmedia with the professional team had all the particular secrets to do this, using Interpersonal Media and search engine optimisation (seo), web designs, web growth, mobile app designs, mail marketing”, Alexatmedia leading your business in order to the top. Regarding this post, we decided in order to include some top digital marketing and advertising blogs that aren't hard-core SEARCH ENGINE OPTIMIZATION. So, to make it easier for you personally, we compiled a list of the 25 best SEOย tools you need to know and grouped them into five neat categories: keyword research tools, technical SEO, backlink analysis, link building and rank tracking. We looked at hundreds associated with SEO companies to decide which usually ones would make our ranks list. Thus, it can time for mobile optimization with regard to better SEO result. SEO means helping businesses perform everything they can to create more money from those that are visiting their website through organic search. Google offers been actively encouraging businesses in order to convert their websites to HTTPS, and those websites are getting rewarded with a minor SEARCH ENGINE OPTIMIZATION boost. Now please bear in mind most of this is my viewpoint on SEO but remember that will is from someone who is usually getting results with search motor optimization and to prove this particular you can run a couple of Google searches to see that will yes Infobunny gets results towards some very, very strong respected competition. SEO is important because will certainly make your website relevant in order to your keywords throughout the lookup engine ranking process and can lead to improved search motor ranking. Many spamming sites have the tendency to make use of such Black Hat SEO methods. From targeting the appropriate keywords using Google Keyword Advisor to sharing valuable information- content material marketing was and will continually be one of the most essential SEO trends for a lengthy time to come. Whilst classical techniques will continue in order to be effective, the SEO developments and tactics mentioned on this particular page can significantly change the particular way we perform search motor optimization. Content advertising is maturing and trying out there infographics and video marketing may just add value for your own SEO techniques. ⭐ One of the best strategies adopted by businesses nowadays is an SEO focused content material strategy. John - we have around one, 000 video podcast episodes, plus currently kicking off a repair in our site specifically to enhance our SEO (we've decided really easier to rebuild than in order to try to fix our frankenstein monster).

Search engine optimization (SEO) involves various factors, yet we are confident that the super fast website should become your number one priority within 2018. With the increase of voice search, over fifty percent of Google searches originating through mobile devices, the impending mobile-first index, and mobile-friendliness being the ranking factor, you simply aren't afford to ignore mobile SEARCH ENGINE OPTIMIZATION anymore. One of our favorite online toolkits is SEMrush, which includes a number of tools for SEO, content marketing, and search engine marketing. Emma will be the Head of Conversation & Marketing at OnCrawl plus write about SEO and lookup engine updates. They will are focused on doing the particular actual search engines like plus hope to be rewarded regarding doing so. White Hat SEARCH ENGINE OPTIMIZATION is really a focus upon quality. 2018, certainly will be an interesting season for SEO and only period will tell who manages in order to maintain the right blend in the future on top. You are usually able to optimize your cellular site to become fast upon Google but if you have got trouble with understanding SEO after that don't even try to enhance your mobile site. The SEARCH ENGINE OPTIMIZATION consultant will need to become vigilant concerning the changes in tendencies of keywords and key terms since these changes can become seasonal. You may have purchased some links in past times, been upon the wrong end of the particular negative SEO attack or also have your content posted upon multiple sites and these hyperlinks can still impact you. Internal links are usually beneficial for SEO because these people help pass link equity in order to the page receiving the hyperlink. The particular blog is known as The particular Daily Egg, labeled the content material machine for Crazy Egg, the heatmap software that helps you imagine your visitors. ” Resources offered are promised to become hard-boiled. ” The most recent publish is titled A Simple Guideline to Understanding and Creating the Website Conversion Funnel, ” essential information for successful SEOs in order to know. This particular research solidified the importance associated with SEO and even more the particular important on being on web page one of a particular research engines results.

Experts have been discussing and debating new, disruptive offpage SEO trends for 2018 that will produce a substantial change in the way people consider the search ecosystem. When you do SEO, you're helping Google's spiders to crawl and comprehend your content. These are the main SEO trends and changes 1 can expect in 2018. They drive traffic in order to the landing page through push releases, email marketing, and SEARCH ENGINE OPTIMIZATION optimization. Long very much more when keyword placement plus backlinks guaranteed success in SEARCH ENGINE OPTIMIZATION. It's widely believed that cellular searching, mobile advertising, mobile SEARCH ENGINE OPTIMIZATION campaigning, and much more will no longer be second within priority” or afterthoughts. Here is what Lewis has proposed a new SEARCH ENGINE OPTIMIZATION ranking model based on AI and machine learning in their article on Search Engine Property. QUICK SEO SUGGESTIONS search engine optimization is not really magic, and cannot perform miracles.

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Global STATCOM market

Global STATCOM market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of ~15% during the forecast period.

Global STATCOM Market

The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.

Market Definition

A STATCOM stands for static synchronous compensator. It is a voltage regulating device which is generally used in flexible alternating current electricity transmission systems (FACTS). It is also known as STATCON that is static synchronous condenser.

Market Dynamics

A global STATCOM market has witnessed tremendous growth from the past few years. The growth of STATCOM market is attributed to the large scale adoption of STATCOM regulating devices for applications such as in renewable energy markets, wind and solar farms, rolling mills, mining and heavy industry and in electric arc furnaces applications. An increasing demand for electricity in developing economies, rising industrialization and urbanization, rising integration of STATCOM with energy storage devices and ongoing technological advancements in electronics, robotics and automation systems are expected to improve the growth of the market during the forecast period. The STATCOM device provides some benefits such as superior performance, steady voltage of power grid applications and improved transmission capacity, which are ultimately propelling the growth of the market.

However, high initial cost related with installations of STATCOM solutions is the major restraining factor that could hinder the growth of market.

Global STATCOM Market: Segmentation Analysis

By industry, power transmission segment dominated the market in 2019 and is projected to witness fast growth at a CAGR of XX% during the forecast period. A growing installation of STATCOM solutions in transmission grids to provide grid operators with fast response time, enhanced options of functioning voltage, reactive power compensation and small footprints is attributed to the growth of the market. Additionally, benefits such as robust recovery support and high reactive output is making them more demandable in power transmission industry. An increasing need to efficiently transmit and generate power and electricity using transmission line to different consumers across the globe and rising demand to improve the voltage profile of transmission system is expected to impel the growth of the market during the forecast period.

Global STATCOM Market: Regional Analysis

Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. Countries such as China, Japan, India, and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the rising installations of STATCOM solutions in power grid applications.

Increasing demand for power and electricity in developing economies, rising demand from renewable energy markets such as from solar panel installations, wind farms, solar farms markets and increasing government’s investments and initiatives to provide electricity across the countries is expected to propel the growth of the market in APAC region.

According to MMR study, in June 2018, Siemens Company has commissioned world largest STATCOM solutions with 400 kV and worth of approximately €78 million, at Power Grid Corporation of India’s (PGCIL) substation in Odisha.

In March 2019, NR Electric Co. Ltd has effectively commissioned STATCOM system with 120MVar at Gujirat Energy Transmission Corporation Limited (GETCO) in India.

The objective of the report is to present a comprehensive analysis of the Global STATCOM Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global STATCOM Market dynamics, structure by analyzing the market segments and projects the Global STATCOM Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global STATCOM Market make the report investor’s guide. The Scope of Global STATCOM Market

Global STATCOM Market, By Product Type

• Low Voltage STATCOM (less than 20Mvar) • Medium Voltage STATCOM (20 – 100Mvar) • High Voltage STATCOM (greater than 100Mvar) Global STATCOM Market, By Industry

• Power Distribution • Mining • Offshore Oil and Gas • Steel Manufacturing • Automobile Manufacturing • Power Transmission Global STATCOM Market, By Region

• North America  US  Canada • Europe  UK  France  Germany  Italy  Spain  Norway  Russia • Asia Pacific  China  India  Japan  South Korea  Australia  Malaysia  Indonesia • South America  Brazil  Mexico  Argentina • Middle East and Africa Global STATCOM Market, Key Players

• Bharat Heavy Electricals Limited (BHEL) • General Electric India Ltd • Veeral Controls Pvt. Ltd • NR Energy Solutions India Pvt. Ltd • Ingeteam, Inc • Siemens AG • Toshiba Corporation • NR Electric Co., Ltd • S&C Electric Company • ABB India Limited • Schneider Electric India Pvt. Ltd • JEMA Energy USA LLC • Crompton Greaves Limited • Mitsubishi Electric India Pvt. Ltd • Statcom Solutions • Signotron India Pvt. Ltd • Power One Micro Systems Pvt. Ltd • XX • XX For More Information Visit @: https://www.maximizemarketresearch.com/

This Report Is Submitted By :Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: LumawantGodage Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD. Email: sales@maximizemarketresearch.com Address:Pune, Maharashtra 411051, India. Contact: +919607195908

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Flexible AC Transmission Systems (FACTS) Market with Covid-19 Impact Analysis by Compensation Type (Shunt, Series, and Combined), Generation Type, Vertical, Component, Application, Functionality, and Geography - Global Forecast to 2025 published on

https://www.sandlerresearch.org/flexible-ac-transmission-systems-facts-market-with-covid-19-impact-analysis-by-compensation-type-shunt-series-and-combined-generation-type-vertical-component-application-functionality-and.html

Flexible AC Transmission Systems (FACTS) Market with Covid-19 Impact Analysis by Compensation Type (Shunt, Series, and Combined), Generation Type, Vertical, Component, Application, Functionality, and Geography - Global Forecast to 2025

Rising demand for STATCOM devices for voltage control

The FACTS market is projected to reach USD 1.5 billion by 2025 from USD 1.2 billion in 2020; it is expected to grow at a CAGR of 5.4% during the forecast period. The growth of the FACTS market is driven by the increasing benefits offered by FACTS, growth in transmission lines, rising focus on energy generation using renewable sources, and rising demand for STATCOM devices for voltage control. Further, rising investments in transmission networks, and potential opportunities in APAC are the opportunities for FACTS manufacturers.

FACTS devices are employed across the world to cater to high power quality and network reliability needs. This has led to an increased demand for STATCOM. STATCOM is a power electronic device that uses communitated devices such as GTO and IGBT to regulate reactive power flow through a power network, thereby increasing the stability of a power network. STATCOM is used to stabilize the network voltage in order to keep it constant at a set reference value. The increasing demand for electricity, growing need for renewable electricity generation, rising stringent regulations by regulatory authorities pertaining to power quality, and increasing need for upgrading aging transmission infrastructure are among the factors driving the growth of the STATCOM market, which would, in turn, boost the growth of the FACTS market.

The market for shunt compensation led the FACTS market

Shunt compensation is used for various applications such as voltage stabilization, dynamic reactive power control, increased transmission capacity, power oscillation damping, higher transient stability, system voltage balance maintenance, reduced transmission losses, and voltage control. Low installation cost when compared with other systems and improved efficiency along with higher rating across distribution circuits are a few factors that are expected to increase the demand for shunt systems. Further, shunt compensation is classified into static synchronous compensator (STATCOM) and static VAR compensator (SVC).

Impact of COVID-19 on generation types

The FACTS market in 2020 is expected to witness a decline due to the outbreak of the COVID-19 pandemic. COVID-19 has significantly affected the growth of the construction & engineering industry. Many hardware manufactures are witnessing shortage of labor, which consequently has hampered the production. Moreover, the COVID-19 pandemic has resulted in delays in the ongoing power projects. The projects might resume in the last quarter of 2020 or Q1 of 2021, hence, the market is expected to grow in 2021 over 2020. As compared to the first generation FACTS devices, the end users such as utilities, renewables, and industries are preferring second generation FACTS systems, i.e., STATCOMS, due to their ease of use and superior voltage control.

FACTS to captures the major market share in Europe

Europe is the largest market for FACTS; it accounted for ~35% market share in 2019. The FACTS market in this region is segmented into Germany, France, the UK, and the Rest of Europe (Sweden, Italy, Spain, Switzerland, and the Netherlands). Presently, the UK is the largest consumer of FACTS in Europe. Rising industrial production and expanding population are increasing the demand for electricity across the European countries. This, in turn, results in the growth of the FACTS market in this region. Further, government regulations regarding carbon-free power transmission and grid code in Europe are expected to drive the FACTS market in this region.

Key manufacturers such as ABB, Siemens, Infine on, and Ingeteam are also driving the growth of the FACTS market in this region as these manufacturers provide FACTS devices to a large number of electricity transmission projects in Europe.

The breakup of primaries conducted during the study is depicted below:

By Company Type: Tier 1 – 50%, Tier 2 – 30%, and Tier 3 –20%

By Designation: C-Level Executives – 35%,and Directors– 30% and Others – 35%

By Region: Americas– 40%, Europe – 25%,APAC– 20% and ROW– 15%

Research Coverage

The report segments the FACTS market and forecasts its size, by value, based on region (Americas, Europe,Asia Pacific, and RoW), compensation type, vertical, generation type, and application.

The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the FACTS market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying This Report

This report includes market statistics pertaining to the compensation type, vertical, generation type, application,and region.

An in-depth value chain analysis has been done to provide deep insight into the FACTS market.

Major market drivers, restraints, challenges, and opportunities have been detailed in this report.

The report includes an in-depth analysis and ranking of key players.

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Shunt Capacitor Market Depth Study, Analysis, Key Drivers, Top Players, Trends and Forecast 2024

Market Research Future published a research report on “Global Shunt Capacitor Market Information Report- Forecast till 2024” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024.

Market Overview

As per a detailed analysis by Market Research Future (MRFR), the global shunt capacitor market is anticipated to touch a valuation of USD 893.8 million, garnering a CAGR of 6.72% during the forecast period (2015-2023). the surging power consumption across the globe is promoting the market growth across the globe. Shunt capacitor can be defined as an electrical equipment which helps to improve the quality of electricity supply and also allows efficient operation of the power systems. They are installed to offer power factor correction or capacitive reactive compensation.

Market Potential and Pitfalls

The global Shunt Capacitor Market has experienced a tectonic surge over the last few years. Its application is increasing at a rapid pace mainly due to its easy and quick installation, low cost, and convenient virtual development. The surging power consumption and growing investment in renewable energy power generation has propelled the growth of the market across the globe. Shunt capacitors are extensively adopted in the commercial and industrial sector as a safety and reliable device due to its properties like improved voltage regulation, improvement of the voltage at the load, postponement of investments in transmission, and reduction of losses. The low manufacturing cost and its compact design makes it permeable for the installation in industrial and utilities sector. Due to increase in population across the globe along with steady industrialization, the demand for uninterrupted electric supply is propelling.  With the growing need for reliable electric supply and investment in grid expansion, investment in transmission & distribution network, and safe electrical infrastructure, the shunt capacitor market is likely to flourish across the globe.

On the contrary, high initial investments along with the fluctuation in raw material prices are considered to restrict the shunt capacitor market growth in the coming years.

Competitive Dashboard

The prominent players operating in the global shunt capacitor market comprises Schneider Electric (France), ABB Ltd. (U.S.), Siemens AG (Germany), General Electric Company (U.S.), Eaton Corporation Plc (Ireland), Larsen & Toubro Ltd (India), Magnewin Energy Private Limited (India), Aerovox Corp. (U.S.), Energe Capacitors Pvt Ltd (India), CIRCUTOR, SA (Spain), and others.

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Global Shunt Capacitor Market: Segmental Analysis

The global shunt capacitor market has been segmented on the basis of voltage and end-users.

By mode of voltage, the global shunt capacitor market has been segmented into low voltage, medium voltage and high voltage. Among these, the high voltage occupies the largest market share. The segment held a share of 63.47% and estimated a value of USD 362.3 million in 2016. As these capacitors offer excellent thermal shock performance and high reliability, they are extensively used in the global market.

The end-user segment of shunt capacitor market comprises industries, utilities, and others. Among these, the utility segment acquired the largest market share of 56.30% with a value of USD 321.4 million in 2016. The utilities sector extensively use shunt capacitors at utilization and distribution voltages in order to offer reactive power near inductive loads. Shunt capacitors are widely used in this segment to prevent damages to expensive and critical equipment. With the growing electricity access across the globe, the number of substations will increase, thereby triggering the demand for shunt capacitors.

Regional Insights

Geographically, the shunt capacitor market has been studied under regions namely, Asia Pacific, Europe, North America, and the Rest-of-the-World (RoW).

Considering the global scenario, the Asia Pacific region held the largest market share of 41.30% in 2016. The regional market valued at USD 235.7 million and is likely to acquire the CAGR of 7.34% in the foreseeable future. There has been a surging demand for energy due to the booming population coupled with the improving lifestyle in this region. China is considered the world’s largest market for power transmission & distribution. As per IEA World Energy Investment Outlook, China is likely to invest USD 83 billion on transmission & distribution network. Such factors are promoting the growth of the regional market.

Europe bags the second position in the global market and touched a valuation of USD 151.0 million in 2016. The surging number of cross-border interconnections is anticipated to propel the growth for transmission and distribution equipment in this region. The region is also likely to develop an interconnected grid which can transfer electricity between nations. Such interconnected systems improve the grid reliability and combining reserves coupled with the reduction in the investments in power-generating capacity. Such factors are highly influencing the growth of the regional market during the assessment period.

The North American region is considered a major market for shunt capacitor and acquired a market share of 19.7% with a value of USD 112.2 million in 2016. The surging demand for replacement of aging infrastructure along with government initiatives to enhance the existing T&D grid propels the growth of the regional market.

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Following are major Table of the Covid 19 Analysis on Shunt Capacitor Market:

Global Market Overview, Drivers, Restraints and Opportunities, Segmentation overview

Global Market competition by top Players

Analysis by Regions

Consumption by Regions

Consumption, By Types, Revenue and Market share by Types

Consumption, By Applications, Market share (%) and Growth Rate by Applications

Complete profiling and analysis of Players

Industrial Chain, Sourcing Strategy and Downstream Buyers

Marketing Strategy Analysis, Distributors/Traders

Global Market Effect Factors Analysis

Global Shunt Capacitor Market Forecast

Global Market Research Findings and Conclusion, Appendix, methodology and data source

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Active Power Filters Market Latest Trends And Key Drivers Supporting Growth

Active Power Filters Market: Market Overview They help in a more effective production, along with cost savings and a higher production efficiency. In real-time, they can monitor the filter harmonics and the load current and thus maintain a clean line current. The active power filters monitor the load current with the help of a current transformer. The current transformer injects a completely opposite phase towards the components which are required to be filtered. The active power filters can also provide the lagging and leading reactive current in real-time. By this, they enhance the power factor and t compensate the reactive power.

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Active Power Filters Market: Market Dynamics The presence of wave forms in the power system is one of the main cause of the power quality problems, which in turn drives the market for the active power filters market. The active power filters solve the problem of consumer electric devices malfunctions. The need to safeguard the consumer devices is also fueling the growth of the active power filters market. This can be attributed to the feature that the active power filters remove the upper and the lower order waveforms of the power system. However, the application of filters using adjustable speed drives on the two separate platforms is a restraining factor for the growth of the active power filters market. Another restraining factor is that the active power filters can cause significant power distortion problems, which may lead to many power quality issues, increasing costs and energy loss. The growing use of active power filters in varied applications such as IT sector, data center, heating applications is widening the scope for the growth of their market. One of the prominent trends in the global active power filters market is the usage of semiconductor devices technology. The reduction in the cost of the signal processors and power electronic semiconductor devices is another trend of the global active power filters market.

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India Statcom Ups Market Forecasts to Set Phenomenal Growth by 2024

Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market forecast now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its demand high during the assessment period, from 2016 to 2024. These UPS systems find extensive application in oil and gas offshore platforms, power transmission over a long distance, automobile industry, and mining industries.

Some of the well-established companies operating in the India STATCOM UPS Market are Bharat Heavy Electricals Limited (BHEL), Power One Micro Systems Pvt. Ltd, Schneider Electric India Pvt. Ltd., ABB India Limited, Mitsubishi Electric India Pvt. Ltd., and General Electric India Ltd.

Transparency Market Research (TMR) has come up with a report on India STATCOM UPS market that delves deeper into the market dynamics and offers a detailed view. Experts at TMR prophesize that the India STATCOM UPS market will register double-digit growth rate of 16% CAGR during the period of assessment, from 2016 to 2024. The market is expected to reach an estimated value of US$ 113.9 mn through 2024.

Increased Industrial Activities to Accentuate Demand in the Market

For the purpose of analysis, the India STATCOM UPS market is split into the principal regions of North India, East India, South India, and West India.

Asia Pacific is one of the rapidly growing regions in the global STATCOM UPS market with India spearheading growth of the market in Asia Pacific. Increased industrial and construction activities demand use of reliable and continuous source of power flow. Given such need, STATCOM UPS comes to rescue offering reliable and constant flow of power. Amongst the regions, it is expected that West India and South India will the country regionally in the India STATCOM UPS market. Such dominance is due to rapid rise in industrial and construction activities in these parts of India.

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Lack of Reliable and Uninterrupted Source of Power Spurs Demand for STATCOM UPS

Transmission grids of present days are changing and getting more complicated and difficult to manage. Utilities across the globe are facing various grid challenges like retirement of thermal plants, aged transmission infrastructure, increased demand for power, augmented utilization of renewable sources for power and strict regulations laid down by governments. These challenges pose considerable threat to the stability of power flow making network operators struggle with stability issues under post fault and fault clearing scenarios. Capitalizing on these threats, India STATCOM UPS market is likely to exhibit considerable growth during the assessment period.

Over the last few years, India has seen a surge in industrial activities leading to augmented demand for power and sustainable techniques of energy management. The growing need for devices offering and keeping control over constant supply of power arises out of increasing demand for constant flow of electricity. STATCOM UPS and SVC UPS are two such popular devices that are utilized all over the country.

Inconsistent supply of power across India has posed threats for many industries, many of which are facing losses due to unavailability of reliable source of power. Voltage fluctuation and  total harmonic distortion adversely affect industrial activities in almost each and every state of India causing delay or total stoppage of operations. This has led to organizations exploring new and innovation solutions that would provide reliable and constant supply of power to ramp up its production capabilities. Demand for such power is likely to amplify growth opportunities for India STATCOM UPS market over the assessment period.

In addition to that, government initiatives like Ujwal Discom Assurance Yojana better operational and financial capacity of power distribution systems that are owned by the state. Such initiatives are likely to fuel expansion of India STATCOM UPS market.

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Static VAR Generator Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025

Static VAR (Volt-Ampere Reactive) Generator which is also called high-voltage dynamic responsive power gadget & static synchronous compensator, performs dynamic power compensation with the help of reactive power compensation by a self-commutated control semiconductor connect inverter. Power quality has critical effect on power efficiency of static VAR generator. Good power quality lessens the vitality of energy loss and expands equipment lifespan for lower cost of static VAR generator.

Various industries are adopting a wide assortment of electronic equipment to encourage the production procedure, due to which power quality alteration has become a common problem. Compared with traditional SVC (static VAR compensator) such as the thyristor controlled reactor (TCR), capacitor reactor, modulator, and Static VAR generator; Static VAR generator is the finest solution in the most advanced dynamic reactive power compensation device all over the world.

Market Overview:

Static VAR generator is the representative of most current innovations in VAR compensation area. SVG is associated in parallel to the grid, like a variable VAR current source. Its VAR current can change following fluctuated load VAR current quickly and automatically. It improve the stability of power transmission which helps in maintaining receiving of end voltage level and restrain voltage fluctuation and flickers.

Static VAR Generator is the gadget of stable voltage & responsive power compensation in the Flexible AC transmission system that can be utilized for controlling the flow in the transmission of the power system. Like the core of the high power voltage inverter, static VAR generator helps in maintaining the phase of the side voltage system when it is connected. Static VAR generator can guarantee the output power by enhancing the connection between the output voltage systems with the voltage amplitude. When the output voltage amplitude is more than the system side voltage, Static VAR Generator enhances the reactive power.

Market Dynamics:

Static VAR generator market is anticipated to witness constant growth over the forecast period. As it has  low voltage benefits, it is not affected by the mains voltage fluctuations which provides stable support to the main voltage. Another factor which is driving the static VAR generator market is that, the generators have high and low consumption rate of operation efficiency and static VAR generator are safe and highly reliable which eliminates quality difficulties, with no more amplified harmonic voltage and current which extends gadget life cycle & defends the system.

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High operational costs of static VAR generator is the major restraint for the static VAR generator market. Henceforth, huge capital and high research & development cost are affecting the profit margins of static VAR generator market.

Market Segmentation:

On the basis of industries, static VAR generator market is segmented into railway transportation, petrochemicals, steel manufacturing, metallurgy, medical, and building automation.

On the basis of geographical regions, the static VAR generator market is segmented into seven different regions; North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific region, Japan, and the Middle East and Africa. In regional segments, Asia-Pacific is anticipated to witness relatively high growth followed by North America region.