Global Static Synchronous Compensator (STATCOM) Supply, Demand and Key Producers, 2026-2032

The global Static Synchronous Compensator (STATCOM) market size is expected to reach $ 1375 million by 2032, rising at a market growth of 4.5% CAGR during the forecast period (2026-2032).

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 studies the global Static Synchronous Compensator (STATCOM) production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Static Synchronous Compensator (STATCOM) and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Static Synchronous Compensator (STATCOM) that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Static Synchronous Compensator (STATCOM) total production and demand, 2021-2032, (Mvar)

Global Static Synchronous Compensator (STATCOM) total production value, 2021-2032, (USD Million)

Global Static Synchronous Compensator (STATCOM) production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Mvar), (based on production site)

Global Static Synchronous Compensator (STATCOM) consumption by region & country, CAGR, 2021-2032 & (Mvar)

U.S. VS China: Static Synchronous Compensator (STATCOM) domestic production, consumption, key domestic manufacturers and share

Global Static Synchronous Compensator (STATCOM) production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Mvar)

Global Static Synchronous Compensator (STATCOM) production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Mvar)

Global Static Synchronous Compensator (STATCOM) production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Mvar)

This report profiles key players in the global Static Synchronous Compensator (STATCOM) market based on the following parameters - company overview, production, value, 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.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Static Synchronous Compensator (STATCOM) market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Mvar) and average price (US$/Mvar) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Static Synchronous Compensator (STATCOM) Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Static Synchronous Compensator (STATCOM) Market, Segmentation by Type:
High Voltage STATCOM
Low Voltage STATCOM

Global Static Synchronous Compensator (STATCOM) Market, Segmentation by Application:
Electric Utilities
Renewable Energy
Industrial & Manufacturing
Others

Companies Profiled:
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.

Key Questions Answered:

1. How big is the global Static Synchronous Compensator (STATCOM) market?

2. What is the demand of the global Static Synchronous Compensator (STATCOM) market?

3. What is the year over year growth of the global Static Synchronous Compensator (STATCOM) market?

4. What is the production and production value of the global Static Synchronous Compensator (STATCOM) market?

5. Who are the key producers in the global Static Synchronous Compensator (STATCOM) market?

6. What are the growth factors driving the market demand? Show more