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Published Date: 2016-05-05Number of Pages: 85

STATCOM UPS Market - India Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024

Relaxations in Economic Policies Boost STATCOM UPS Market

The economic liberalization of 1991 accelerated the pace of industrialization in India, setting the manufacturing activities in a notable momentum. This change has been the primary growth driver for the whopping energy demand in the country. However, the inconsistency in the supply of energy and the growing pressure of conserving has led to a high adoption of static synchronous compensator STATCOM UPS. The units help in the regulation of voltage and correction of power factor, both of which are essential to the smooth functioning of manufacturing units.

A research report published by Transparency Market Research suggests that the opportunity in the India STATCOM UPS market will be worth US$113.9 mn by 2024 from US$27 mn in 2014, expanding at an impressive CAGR of 16.0% from 2016 to 2024. The rise in the India STATCOM UPS market will be due to the power deficit in the country and the need to save on overall energy consumption.

 

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IGBT-Based STATCOM UPS to Lead Market

Analysts predict that the ability of STATCOM UPS units to manage voltage fluctuations and harmonic distortions seen in power supplies will boost their demand amongst various industries. For instance, utilities are deploying STATCOM for compensating refining power factor and reactive power in the transmission and distribution network.

The most popular product in the overall market is the insulated gate bipolar transistors (IGBT) STATCOM UPS. By the end of 2024, this product segment is anticipated to hold a share of 88.8% in the India STATCOM UPS market from 78.0% in 2014. The impressive growth of IGBT-based STATCOM UPS will be due to its increasing usage in real and reactive power. Furthermore, it is also being acknowledged as an acceptable technology across various industrial platforms.

Government Initiatives Make a Big Impact

STATCOM UPS systems are used for a wide range of applications such as offshore oil and gas, power distribution, power transmission, steel manufacturing, mining, and automobile manufacturing. The report suggests that long distance power transmission and power substations are significant users of STATCOM UPS as the Indian government is pumping in money to improve power transmission and distribution channels across the country. Furthermore, initiatives such as Make in India will also push the manufacturing movement in India, thereby creating a positive impact on the growth of the India STATCOM UPS market.

The presence of heavy industries such as mining and steel industries is propelling the demand for STATCOM UPS in the eastern and western states of India. Though these regions have been using static VAR compensator (SVC) UPS technology for regulating voltages and power factor correction, they are making a gradual shift towards STATCOM UPS due to the reliable and stable power solutions it offers.

The key players in the India STATCOM UPS market are General Electric India Ltd., Bharat Heavy Electricals Limited (BHEL), NR Energy Solutions India Pvt. Ltd., ABB India Limited, Crompton Greaves Limited, Schneider Electric India Pvt. Ltd., Mitsubishi Electric India Pvt. Ltd., Signotron India Pvt. Ltd., Veeral Controls Pvt. Ltd., and Power One Micro Systems Pvt. Ltd. Research indicates that these players will have to build stronger brand images and make meaningful investments to bring their research and development to fruition to gain a substantial revenue share.

Table of Content

Section 01: Preface

  • Report Description
  • Market Segmentation
  • Research Scope
  • Research Methodology

Section 02: Executive Summary

  • Indian STATCOM UPS and SVC Market: Snapshot

Section 03: Industry Analysis

  • Introduction
  • Value Chain Analysis
  • Drivers, Restraints, Opportunities
  • Porter’s Five Forces Analysis
  • Company Market Share – STATCOM UPS (2014)
  • Market Attractiveness Analysis

Section 04: STATCOM UPS Product Segment Analysis

  • Introduction
  • Gate Turn-Off Thyristors (GTO) STATCOM
  • Insulated Gate Bipolar Transistors (IGBT) STATCOM

Section 05: STATCOM UPS Application Segment Analysis

  • Introduction
  • Long distance power transmission
  • Power substations
  • Oil & gas
  • Steel manufacturing
  • Mining
  • Automobile industry

Section 06: SVC UPS Product Segment Analysis

  • Introduction
  • Thyristors-Based SVC
  • Magnetically Controlled Reactor (MCR)-Based SVC

Section 07: Geographical Segment Analysis

  • Regional Overview
  • East India STATCOM & SVC UPS Market
    • By Product Type
    • By Application
  • West India STATCOM & SVC UPS Market
    • By Product Type
    • By Application
  • North India STATCOM & SVC UPS Market
    • By Product Type
    • By Application
  • South India STATCOM & SVC UPS Market
    • By Product Type
    • By Application

Section 08: Company Profiles

  • Bharat Heavy Electricals Limited (BHEL)
  • ABB India Limited
  • Crompton Greaves Limited
  • Schneider Electric India Pvt. Ltd.
  • General Electric India Ltd.
  • Mitsubishi Electric India Pvt. Ltd.
  • Signotron India Pvt. Ltd.
  • Power One Micro Systems Pvt. Ltd.
  • Veeral Controls Pvt. Ltd.
  • NR Energy Solutions India Pvt. Ltd.

List of Figures

Figure 1 Indian STATCOM UPS Revenue (US$ Mn), 2014–2024
Figure 2 Indian SVC UPS Revenue (US$ Mn), 2014–2024
Figure 3 Industrial Production Index of Major Industries, India (2010-2016)
Figure 4 Power supply position in India (2009-16), in MU
Figure 5 FDI flow in Manufacturing Sector (US$ Bn)
Figure 6 Sector-wise FDI flow in 2014
Figure 7 Company Market Share, STATCOM UPS Market (%) (2014)
Figure 8 Market Attractiveness Analysis of STATCOM UPS Market
Figure 9 STATCOM UPS Market, Product Segment, By Revenue (US$ Mn), 2014
Figure 10 STATCOM UPS Market, Product Segment, By Revenue (US$ Mn), 2024
Figure 11 Gate Turn-Off Thyristors (GTO) STATCOM, By Revenue (US$ Mn), 2014–2024
Figure 12 Insulated Gate Bipolar Transistors (IGBT) STATCOM, By Revenue (US$ Mn), 2014–2024
Figure 13 STATCOM UPS Market: Application Segment, By Revenue (US$ Mn), 2014
Figure 14 STATCOM UPS Market: Application Segment, By Revenue (US$ Mn), 2024
Figure 15 Long distance power transmission, By Revenue (US$ Mn), 2014–2024
Figure 16 Power substations, By Revenue (US$ Mn), 2014–2024
Figure 17 Oil & gas, By Revenue (US$ Mn), 2014–2024
Figure 18 Steel manufacturing, By Revenue (US$ Mn), 2014–2024
Figure 19 Mining, By Revenue (US$ Mn), 2014–2024
Figure 20 Automobile industry, By Revenue (US$ Mn), 2014–2024
Figure 21 SVC UPS Market: Product Segment, By Revenue (US$ Mn), 2014
Figure 22 SVC UPS Market: Product Segment, By Revenue (US$ Mn), 2024
Figure 23 Thyristors-Based SVC, By Revenue (US$ Mn), 2014–2024
Figure 24 Fixed capacitor-thyristor controlled reactor (FC-TCR), By Revenue (US$ Mn), 2014–2024
Figure 25 Thyristor switched capacitor - thyristor controlled reactor (TSC-TCR), By Revenue (US$ Mn), 2014–2024
Figure 26 Magnetically Controlled Reactor (Mcr) Based SVC, By Revenue (US$ Mn), 2014–2024
Figure 27 India’s STATCOM UPS Market: 2014–2024 (US$ Mn)
Figure 28 India’s SVC UPS Market: 2014–2024 (US$ Mn)
Figure 29 East India STATCOM UPS Market: 2014–2024 (US$ Mn)
Figure 30 East India SVC UPS Market: 2014–2024 (US$ Mn)
Figure 31 East India STATCOM Market, By Revenue (US$ Mn)
Figure 32 East India SVC Market, By Revenue (US$ Mn)
Figure 33 East India STATCOM UPS Market: Market Share, By Revenue (US$ Mn), 2014
Figure 34 East India STATCOM UPS Market: Market Share, By Revenue (US$ Mn), 2024
Figure 35 West India STATCOM UPS Market: 2014–2024 (US$ Mn)
Figure 36 West India SVC UPS Market: 2014–2024 (US$ Mn)
Figure 37 West India STATCOM Market, By Revenue (US$ Mn)
Figure 38 West India SVC Market, By Revenue (US$ Mn)
Figure 39 West India STATCOM UPS Market: Market Share, By Revenue (US$ Mn), 2014
Figure 40 West India STATCOM UPS Market: Market Share, By Revenue (US$ Mn), 2024
Figure 41 North India STATCOM UPS Market: 2014–2024 (US$ Mn)
Figure 42 North India SVC UPS Market: 2014–2024 (US$ Mn)
Figure 43 North India STATCOM Market, By Revenue (US$ Mn)
Figure 44 North India SVC Market, By Revenue (US$ Mn)
Figure 45 North India STATCOM UPS Market: Market Share, By Revenue (US$ Mn), 2014
Figure 46 North India STATCOM UPS Market: Market Share, By Revenue (US$ Mn), 2024
Figure 47 South India STATCOM UPS Market: 2014–2024 (US$ Mn)
Figure 48 South India SVC UPS Market: 2014–2024 (US$ Mn)
Figure 49 South India STATCOM Market, By Revenue (US$ Mn)
Figure 50 South India SVC Market, By Revenue (US$ Mn)
Figure 51 South India STATCOM UPS Market: Market Share, By Revenue (US$ Mn), 2014
Figure 52 South India STATCOM UPS Market: Market Share, By Revenue (US$ Mn), 2024

List of Tables

Table 1 Indian STATCOM UPS and SVC Market: Snapshot

This research study analyzes the market for STATCOM UPS in India in terms of revenue (US$ Mn). The STATCOM UPS market has been segmented on the basis of product, application, and geography. The geographical segmentation includes four regions. For the research, 2014 has been taken as the base year, while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the regional level from 2016 to 2024. The report provides a broad competitive analysis of companies engaged in the STATCOM UPS business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the STATCOM UPS market in India. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the STATCOM UPS market in India with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the structure and profitability of the market. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition. The report also provides product differentiation for different STATCOM UPS technologies.

The high-level analysis in the report provides detailed insights into the STATCOM UPS business in India. There are currently numerous drivers of the market. The most prominent drivers include growing industrial sector coupled with increasing demand for power. Market attractiveness analysis was carried out for the STATCOM UPS market on the basis of end-use. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions.

The STATCOM UPS market was segmented on the basis of product type (insulated gate bipolar transistor (IGBT) based STATCOM UPS and gate turn off thyristors (GTO) based STATCOM UPS), application (long distance power transmission, power distribution, oil and gas offshore platforms, steel manufacturing, mining, and the automobile industry) and geography. The STATCOM UPS market in India was analyzed across four regions: East India, West India, North India, and South India. Key players in the STATCOM UPS market include Bharat Heavy Electricals Limited (BHEL), ABB India Limited, Crompton Greaves Limited, Schneider Electric India Pvt. Ltd., General Electric India Ltd., Mitsubishi Electric India Pvt. Ltd., Signotron India Pvt. Ltd., Power One Micro Systems Pvt. Ltd., Veeral Controls Pvt. Ltd., and NR Energy Solutions India Pvt. Ltd.

STATCOM UPS Market: By Product

  • Gate Turn-Off Thyristors (GTO) STATCOM
  • Insulated Gate Bipolar Transistors (IGBT) STATCOM   

STATCOM UPS Market: By Application

  • Long Distance Power Transmission
  • Power Substations
  • Oil & Gas
  • Steel Manufacturing
  • Mining
  • Automobile Industry

STATCOM UPS Market: By Region

  • East India
  • West India
  • North India
  • South India


 
 
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