Global Static Synchronous Compensator (STATCOM) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Static Synchronous Compensator (STATCOM) market size was valued at US$ 974 million in 2024 and is forecast to a readjusted size of USD 1320 million by 2031 with a CAGR of 4.5% during review period.
SVG is also called STATCOM is a shunt device, which uses force-commutated power electronics (i.e. GTO, IGBT) to control power flow and improve transient stability on electrical power networks. It is also a member of the so-called Flexible AC Transmission System (FACTS) devices. The STATCOM basically performs the same function as the static var compensators but with some advantages.
Global key players of static synchronous compensator (STATCOM) include Hitachi, Siemens, Windsun Science Technology, Liaoning Rongxin Xingye Power, Sieyuan Electric and TBEA, the top six players hold a share about 58%. Windsun Science Technology is the largest producer, with a share of 15%. North America is the largest market of feed grade calcium propionate, with a share about 83%, followed by Europe and Asia-Pacific, with shares about 7% and 6% separately. In terms of product type, high voltage STATCOM is the largest segment, with a share about 97%. And in terms of application, electric utilities is the largest application, with a share about 40 percent.
This report is a detailed and comprehensive analysis for global Static Synchronous Compensator (STATCOM) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Static Synchronous Compensator (STATCOM) market size and forecasts, in consumption value ($ Million), sales quantity (Mvar), and average selling prices (US$/Mvar), 2020-2031
Global Static Synchronous Compensator (STATCOM) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Mvar), and average selling prices (US$/Mvar), 2020-2031
Global Static Synchronous Compensator (STATCOM) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Mvar), and average selling prices (US$/Mvar), 2020-2031
Global Static Synchronous Compensator (STATCOM) market shares of main players, shipments in revenue ($ Million), sales quantity (Mvar), and ASP (US$/Mvar), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Static Synchronous Compensator (STATCOM)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Static Synchronous Compensator (STATCOM) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hitachi, Ltd., Siemens Aktiengesellschaft, Windsun Science Technology Co., Ltd., Liaoning Rongxin Xingye Power Technology Co., Ltd., Sieyuan Electric Co., Ltd., TBEA Co., Ltd., Mitsubishi Electric Corporation, General Electric, Nari Technology Co., Ltd., Shandong Taikai Power Electronic Co., Ltd., etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Static Synchronous Compensator (STATCOM) market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
High Voltage STATCOM
Low Voltage STATCOM
Market segment by Application
Electric Utilities
Renewable Energy
Industrial & Manufacturing
Others
Major players covered
Hitachi, Ltd.
Siemens Aktiengesellschaft
Windsun Science Technology Co., Ltd.
Liaoning Rongxin Xingye Power Technology Co., Ltd.
Sieyuan Electric Co., Ltd.
TBEA Co., Ltd.
Mitsubishi Electric Corporation
General Electric
Nari Technology Co., Ltd.
Shandong Taikai Power Electronic Co., Ltd.
Shenzhen Hopewind Electric Co., Ltd.
American Superconductor Corporation
Ingeteam Inc.
Beijing In-power Electric Co., Ltd.
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Static Synchronous Compensator (STATCOM) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Static Synchronous Compensator (STATCOM), with price, sales quantity, revenue, and global market share of Static Synchronous Compensator (STATCOM) from 2020 to 2025.
Chapter 3, the Static Synchronous Compensator (STATCOM) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Static Synchronous Compensator (STATCOM) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Static Synchronous Compensator (STATCOM) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Static Synchronous Compensator (STATCOM).
Chapter 14 and 15, to describe Static Synchronous Compensator (STATCOM) sales channel, distributors, customers, research findings and conclusion.
SVG is also called STATCOM is a shunt device, which uses force-commutated power electronics (i.e. GTO, IGBT) to control power flow and improve transient stability on electrical power networks. It is also a member of the so-called Flexible AC Transmission System (FACTS) devices. The STATCOM basically performs the same function as the static var compensators but with some advantages.
Global key players of static synchronous compensator (STATCOM) include Hitachi, Siemens, Windsun Science Technology, Liaoning Rongxin Xingye Power, Sieyuan Electric and TBEA, the top six players hold a share about 58%. Windsun Science Technology is the largest producer, with a share of 15%. North America is the largest market of feed grade calcium propionate, with a share about 83%, followed by Europe and Asia-Pacific, with shares about 7% and 6% separately. In terms of product type, high voltage STATCOM is the largest segment, with a share about 97%. And in terms of application, electric utilities is the largest application, with a share about 40 percent.
This report is a detailed and comprehensive analysis for global Static Synchronous Compensator (STATCOM) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Static Synchronous Compensator (STATCOM) market size and forecasts, in consumption value ($ Million), sales quantity (Mvar), and average selling prices (US$/Mvar), 2020-2031
Global Static Synchronous Compensator (STATCOM) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Mvar), and average selling prices (US$/Mvar), 2020-2031
Global Static Synchronous Compensator (STATCOM) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Mvar), and average selling prices (US$/Mvar), 2020-2031
Global Static Synchronous Compensator (STATCOM) market shares of main players, shipments in revenue ($ Million), sales quantity (Mvar), and ASP (US$/Mvar), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Static Synchronous Compensator (STATCOM)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Static Synchronous Compensator (STATCOM) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hitachi, Ltd., Siemens Aktiengesellschaft, Windsun Science Technology Co., Ltd., Liaoning Rongxin Xingye Power Technology Co., Ltd., Sieyuan Electric Co., Ltd., TBEA Co., Ltd., Mitsubishi Electric Corporation, General Electric, Nari Technology Co., Ltd., Shandong Taikai Power Electronic Co., Ltd., etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Static Synchronous Compensator (STATCOM) market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
High Voltage STATCOM
Low Voltage STATCOM
Market segment by Application
Electric Utilities
Renewable Energy
Industrial & Manufacturing
Others
Major players covered
Hitachi, Ltd.
Siemens Aktiengesellschaft
Windsun Science Technology Co., Ltd.
Liaoning Rongxin Xingye Power Technology Co., Ltd.
Sieyuan Electric Co., Ltd.
TBEA Co., Ltd.
Mitsubishi Electric Corporation
General Electric
Nari Technology Co., Ltd.
Shandong Taikai Power Electronic Co., Ltd.
Shenzhen Hopewind Electric Co., Ltd.
American Superconductor Corporation
Ingeteam Inc.
Beijing In-power Electric Co., Ltd.
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Static Synchronous Compensator (STATCOM) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Static Synchronous Compensator (STATCOM), with price, sales quantity, revenue, and global market share of Static Synchronous Compensator (STATCOM) from 2020 to 2025.
Chapter 3, the Static Synchronous Compensator (STATCOM) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Static Synchronous Compensator (STATCOM) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Static Synchronous Compensator (STATCOM) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Static Synchronous Compensator (STATCOM).
Chapter 14 and 15, to describe Static Synchronous Compensator (STATCOM) sales channel, distributors, customers, research findings and conclusion.
Table of Contents
121 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Static Synchronous Compensator (STATCOM) by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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