Global Static Synchronous Compensator (STATCOM) Solution Market Growth (Status and Outlook) 2025-2031

The global Static Synchronous Compensator (STATCOM) Solution market size is predicted to grow from US$ 946 million in 2025 to US$ 1251 million in 2031; it is expected to grow at a CAGR of 4.8% from 2025 to 2031.

A Static Synchronous Compensator (STATCOM) solution is a highly advanced and efficient device in the realm of power systems. It serves as a flexible alternating - current transmission system (FACTS) technology. The STATCOM is designed to regulate voltage and improve power quality in electrical grids. It operates by injecting or absorbing reactive power into the system. When the grid experiences voltage dips, the STATCOM injects reactive power, thereby boosting the voltage back to an acceptable level. Conversely, during over - voltage situations, it absorbs reactive power to mitigate the excessive voltage. This dynamic adjustment of reactive power compensates for the varying reactive power demands of loads, such as industrial motors and other equipment that consume or generate reactive power unpredictably. By maintaining stable voltage levels, STATCOM solutions enhance the reliability and stability of the power grid, reduce power losses, and enable better utilization of existing transmission infrastructure. They are particularly crucial in modern power systems that are increasingly complex, with a growing presence of distributed generation sources and non - linear loads.

United States market for Static Synchronous Compensator (STATCOM) Solution is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Static Synchronous Compensator (STATCOM) Solution is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Static Synchronous Compensator (STATCOM) Solution is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Static Synchronous Compensator (STATCOM) Solution players cover Hitachi, GE, Siemens, Mitsubishi Electric, NR Electric, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information)' newest research report, the “Static Synchronous Compensator (STATCOM) Solution Industry Forecast” looks at past sales and reviews total world Static Synchronous Compensator (STATCOM) Solution sales in 2024, providing a comprehensive analysis by region and market sector of projected Static Synchronous Compensator (STATCOM) Solution sales for 2025 through 2031. With Static Synchronous Compensator (STATCOM) Solution sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Static Synchronous Compensator (STATCOM) Solution industry.

This Insight Report provides a comprehensive analysis of the global Static Synchronous Compensator (STATCOM) Solution landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Static Synchronous Compensator (STATCOM) Solution portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Static Synchronous Compensator (STATCOM) Solution market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Static Synchronous Compensator (STATCOM) Solution and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Static Synchronous Compensator (STATCOM) Solution.

This report presents a comprehensive overview, market shares, and growth opportunities of Static Synchronous Compensator (STATCOM) Solution market by product type, application, key players and key regions and countries.

Segmentation by Type:
0 MVAr to 50 MVAr
50 MVAr to 150 MVAr
150 MVAr to 300 MVAr
More than 300 MVAr

Segmentation by Application:
Utilities & TSOs
Steel
Renewable
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Hitachi
GE
Siemens
Mitsubishi Electric
NR Electric
Ingeteam
AMSC
Hopewind
Anhui Zhongdian Electric
Diram
Hilkar
Merus
SIFANG
ABB
Endoks
Strong Power
RXHK

Please note: The report will take approximately 2 business days to prepare and deliver.