STATCOM UPS Market Size, Future Forecasts, and Industry Opportunities 2025
“Driving factors responsible for the growth of STATCOM UPS market includes significant use of STATCOM rise in manufacture due to open market policy, particularly in the APAC sector.�
The global STATCOM UPS market is witnessed a higher CAGR growth in the assessment period. STATCOM is also known as static synchronous compensators (STATCOMs) are an integral part of AC current systems and devices. The fundamental purpose is to enable a fast-acting, accurate and an adjustable proportion of reactive power to the AC power system to the environment under which they are connected. STATCOM gain this by altering the polarity and magnitude of the reactive component of the current flowing via AC side. Therefore, this allows STATCOMs to regulate the direction of flow and amount of reactive power to be swapped with AC power system. Commercially, STATCOM are also used for dynamic power factor in industrial plants that function under large random peaks of reactive power. STATCOMs augment the power factor of the plant, lessening the voltage variations at the input thus minimizing the cost incurred during operations. Driving factors responsible for the growth of STATCOM UPS market includes significant use of STATCOM rise in manufacture due to open market policy, particularly in the APAC sector. Other factors such as inconsistency in energy supply and increasing pressure by the government for energy conservation leads in adoption of STATCOM UPS thus triggering the market growth. Segmentation based on product, the STATCOM UPS industry includes Gate Turn-Off Thyristors (GTO) STATCOM and Insulated Gate Bipolar Transistor (IGBT) Statcom. End-user segmentation for STATCOM UPS market includes automobile industry, power substations, oil & gas and mining. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/static-synchronous-compensators-statcom-ups-market