STATCOM Market - North America is expected to have largest market share
STATCOM or static synchronous compensator is a power electronic device using force commutated devices like GTO, IGBT etc. to regulate the reactive power flow through a power network and thereby increasing the stability of power network. STATCOM is a shunt device i.e. it is allied in shunt with the line. A Static Synchronous Compensator (STATCOM) is also known as a Static Synchronous Condenser (STATCON). It is a member of the Flexible AC Transmission System (FACTS) family of devices. Usually a STATCOM is mounted to support electrical networks that have a poor power factor and often poor voltage regulation. The most common use of STATCOM is for voltage stability. A STATCOM is a voltage source converter (VSC) based device, with the voltage source behind a reactor. Voltage stability is one of the biggest problems in power systems. Engineers and researchers are trying to consolidate a definition regarding to voltage stability, besides proposing techniques and methodologies for th...