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Energy & Power Global Modular Multilevel Converters (MMC) STATCOM Market 2026 by Company, Regions, Type and Application, Forecast to 2032

  • RnM4736554
    • |
  • 24 August, 2026
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  • Global
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  • 89 Pages
    • |
  • GIR
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  • Energy & Power

According to our (Global Info Research) latest study, the global Modular Multilevel Converters (MMC) STATCOM market size was valued at US$ 1464 million in 2025 and is forecast to a readjusted size of US$ 2550 million by 2032 with a CAGR of 7.8% during review period.
Modular Multilevel Converter (MMC) STATCOM refers to a static synchronous compensator based on modular multilevel converter topology. It is a high-end power electronics device within the Flexible AC Transmission Systems (FACTS) and dynamic reactive power compensation segment. By using a voltage-source converter composed of multiple power submodules, an MMC STATCOM can rapidly inject or absorb reactive power to provide dynamic voltage support, power factor correction, flicker mitigation, harmonic improvement, oscillation damping, and weak-grid stabilization. It is mainly used in transmission networks, renewable energy integration, offshore wind, large-scale solar bases, electric arc furnaces, mining operations, rail transit, data centers, and heavy industrial loads.
The core value of Modular Multilevel Converter (MMC) STATCOM lies in combining high-voltage, high-capacity power electronics with dynamic reactive power compensation. It can respond to grid voltage fluctuations within milliseconds and rapidly inject or absorb reactive power, providing stable support for transmission and distribution networks, renewable energy plants, and large industrial loads. Compared with traditional capacitor banks, mechanically switched compensation equipment, and thyristor-based SVC systems, MMC STATCOM offers higher output waveform quality, lower harmonic distortion, stronger modular scalability, better reactive power support under low-voltage conditions, and faster dynamic response. These features make it particularly suitable for weak grids, voltage fluctuations, deteriorating power quality, short-term impact loads, and grid stability challenges caused by high penetration of wind and solar power. As renewable energy capacity continues to grow, power grids are no longer simply passive energy delivery systems; they increasingly need fast regulation, dynamic support, and disturbance suppression capabilities. MMC STATCOM is becoming one of the key equipment categories addressing this structural transition.
From a global industry perspective, MMC STATCOM remains a specialized market with high technical barriers, strong project characteristics, and concentrated customer demand. Europe and North America have accumulated earlier experience in Flexible AC Transmission Systems, grid stability control, and high-end FACTS projects, allowing companies such as Hitachi Energy, Siemens Energy, and GE Vernova to maintain strong positions through long-term project references, control and protection expertise, and global delivery capabilities. Japanese and Korean manufacturers also have solid technical foundations in high-capacity power electronics, transmission and distribution equipment, and utility projects, with Mitsubishi Electric, Toshiba, Hyosung Heavy Industries, and LS ELECTRIC competing in both domestic and overseas markets. In China, demand is being driven by large renewable energy bases, ultra-high-voltage transmission, offshore wind integration, industrial power quality improvement, and localization of high-voltage SVG and STATCOM systems. Companies such as NR Electric, Rongxin Xingye, Sieyuan Electric, TBEA, XJ Electric, and Hopewind are building a more complete domestic supply chain. Overall, the competitive landscape is characterized by global FACTS leaders dominating high-end transmission-level projects, while Chinese and Asian suppliers are rapidly expanding their share in high-voltage SVG and STATCOM applications.
Looking ahead, the growth potential of MMC STATCOM will mainly come from higher renewable penetration, weak-grid support, power grid flexibility investment, industrial power quality management, offshore wind transmission, expansion of data centers and heavy loads, and the rise of grid-forming power electronic equipment. As the share of traditional synchronous generation declines, power systems will place greater emphasis on fast reactive power support, voltage stability during disturbances, oscillation damping, and dynamic voltage recovery. STATCOM is therefore evolving from a compensation device into a critical stability control node in next-generation power systems. Over the long term, suppliers with large-capacity modular design capabilities, highly reliable power submodules, advanced control and protection algorithms, digital monitoring, low-loss cooling systems, and energy-storage coupling capabilities will be better positioned to capture high-value opportunities in renewable energy bases, interregional transmission, electric arc furnaces, rail transit, and data centers. Although MMC STATCOM is not a mass-market equipment category, its technical value, project value, and strategic importance to secure grid operation are steadily increasing.
This report is a detailed and comprehensive analysis for global Modular Multilevel Converters (MMC) STATCOM market. Both quantitative and qualitative analyses are presented by company, 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 Modular Multilevel Converters (MMC) STATCOM market size and forecasts, in consumption value ($ Million), 2021-2032
Global Modular Multilevel Converters (MMC) STATCOM market size and forecasts by region and country, in consumption value ($ Million), 2021-2032
Global Modular Multilevel Converters (MMC) STATCOM market size and forecasts, by Type and by Application, in consumption value ($ Million), 2021-2032
Global Modular Multilevel Converters (MMC) STATCOM market shares of main players, in revenue ($ Million), 2021-2026
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 Modular Multilevel Converters (MMC) 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 Modular Multilevel Converters (MMC) STATCOM market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hitachi Energy Ltd., Siemens Energy AG, Mitsubishi Electric Corporation, GE Vernova, Hyosung Heavy Industries, Toshiba, LS ELECTRIC, Nided Industrial Solutions, NARI Technology, Sieyuan Electric, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Modular Multilevel Converters (MMC) STATCOM market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Full Bridge Type
Half Bridge Type
Others
Market segment by Voltage
100KV Below
100-200KV
200KV Above
Market segment by Delivery Form
Substation-installed STATCOM
Containerized STATCOM
Others
Market segment by Application
Renewable Energy
Electric Utilities
Industrial & Manufacturing
Others
Market segment by players, this report covers
Hitachi Energy Ltd.
Siemens Energy AG
Mitsubishi Electric Corporation
GE Vernova
Hyosung Heavy Industries
Toshiba
LS ELECTRIC
Nided Industrial Solutions
NARI Technology
Sieyuan Electric
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Modular Multilevel Converters (MMC) STATCOM product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Modular Multilevel Converters (MMC) STATCOM, with revenue, gross margin, and global market share of Modular Multilevel Converters (MMC) STATCOM from 2021 to 2026.
Chapter 3, the Modular Multilevel Converters (MMC) STATCOM competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2021 to 2032.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2021 to 2026.and Modular Multilevel Converters (MMC) STATCOM market forecast, by regions, by Type and by Application, with consumption value, from 2027 to 2032.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Modular Multilevel Converters (MMC) STATCOM.
Chapter 13, to describe Modular Multilevel Converters (MMC) STATCOM research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Classification of Modular Multilevel Converters (MMC) STATCOM by Type
    • 1.3.1 Overview: Global Modular Multilevel Converters (MMC) STATCOM Market Size by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 Global Modular Multilevel Converters (MMC) STATCOM Consumption Value Market Share by Type in 2025
    • 1.3.3 Full Bridge Type
    • 1.3.4 Half Bridge Type
    • 1.3.5 Others
  • 1.4 Classification of Modular Multilevel Converters (MMC) STATCOM by Voltage
    • 1.4.1 Overview: Global Modular Multilevel Converters (MMC) STATCOM Market Size by Voltage: 2021 Versus 2025 Versus 2032
    • 1.4.2 Global Modular Multilevel Converters (MMC) STATCOM Consumption Value Market Share by Voltage in 2025
    • 1.4.3 100KV Below
    • 1.4.4 100-200KV
    • 1.4.5 200KV Above
  • 1.5 Classification of Modular Multilevel Converters (MMC) STATCOM by Delivery Form
    • 1.5.1 Overview: Global Modular Multilevel Converters (MMC) STATCOM Market Size by Delivery Form: 2021 Versus 2025 Versus 2032
    • 1.5.2 Global Modular Multilevel Converters (MMC) STATCOM Consumption Value Market Share by Delivery Form in 2025
    • 1.5.3 Substation-installed STATCOM
    • 1.5.4 Containerized STATCOM
    • 1.5.5 Others
  • 1.6 Global Modular Multilevel Converters (MMC) STATCOM Market by Application
    • 1.6.1 Overview: Global Modular Multilevel Converters (MMC) STATCOM Market Size by Application: 2021 Versus 2025 Versus 2032
    • 1.6.2 Renewable Energy
    • 1.6.3 Electric Utilities
    • 1.6.4 Industrial & Manufacturing
    • 1.6.5 Others
  • 1.7 Global Modular Multilevel Converters (MMC) STATCOM Market Size & Forecast
  • 1.8 Global Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast by Region
    • 1.8.1 Global Modular Multilevel Converters (MMC) STATCOM Market Size by Region: 2021 VS 2025 VS 2032
    • 1.8.2 Global Modular Multilevel Converters (MMC) STATCOM Market Size by Region, (2021-2032)
    • 1.8.3 North America Modular Multilevel Converters (MMC) STATCOM Market Size and Prospect (2021-2032)
    • 1.8.4 Europe Modular Multilevel Converters (MMC) STATCOM Market Size and Prospect (2021-2032)
    • 1.8.5 Asia-Pacific Modular Multilevel Converters (MMC) STATCOM Market Size and Prospect (2021-2032)
    • 1.8.6 South America Modular Multilevel Converters (MMC) STATCOM Market Size and Prospect (2021-2032)
    • 1.8.7 Middle East & Africa Modular Multilevel Converters (MMC) STATCOM Market Size and Prospect (2021-2032)

2 Company Profiles

  • 2.1 Hitachi Energy Ltd.
    • 2.1.1 Hitachi Energy Ltd. Details
    • 2.1.2 Hitachi Energy Ltd. Major Business
    • 2.1.3 Hitachi Energy Ltd. Modular Multilevel Converters (MMC) STATCOM Product and Solutions
    • 2.1.4 Hitachi Energy Ltd. Modular Multilevel Converters (MMC) STATCOM Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 Hitachi Energy Ltd. Recent Developments and Future Plans
  • 2.2 Siemens Energy AG
    • 2.2.1 Siemens Energy AG Details
    • 2.2.2 Siemens Energy AG Major Business
    • 2.2.3 Siemens Energy AG Modular Multilevel Converters (MMC) STATCOM Product and Solutions
    • 2.2.4 Siemens Energy AG Modular Multilevel Converters (MMC) STATCOM Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 Siemens Energy AG Recent Developments and Future Plans
  • 2.3 Mitsubishi Electric Corporation
    • 2.3.1 Mitsubishi Electric Corporation Details
    • 2.3.2 Mitsubishi Electric Corporation Major Business
    • 2.3.3 Mitsubishi Electric Corporation Modular Multilevel Converters (MMC) STATCOM Product and Solutions
    • 2.3.4 Mitsubishi Electric Corporation Modular Multilevel Converters (MMC) STATCOM Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 Mitsubishi Electric Corporation Recent Developments and Future Plans
  • 2.4 GE Vernova
    • 2.4.1 GE Vernova Details
    • 2.4.2 GE Vernova Major Business
    • 2.4.3 GE Vernova Modular Multilevel Converters (MMC) STATCOM Product and Solutions
    • 2.4.4 GE Vernova Modular Multilevel Converters (MMC) STATCOM Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 GE Vernova Recent Developments and Future Plans
  • 2.5 Hyosung Heavy Industries
    • 2.5.1 Hyosung Heavy Industries Details
    • 2.5.2 Hyosung Heavy Industries Major Business
    • 2.5.3 Hyosung Heavy Industries Modular Multilevel Converters (MMC) STATCOM Product and Solutions
    • 2.5.4 Hyosung Heavy Industries Modular Multilevel Converters (MMC) STATCOM Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 Hyosung Heavy Industries Recent Developments and Future Plans
  • 2.6 Toshiba
    • 2.6.1 Toshiba Details
    • 2.6.2 Toshiba Major Business
    • 2.6.3 Toshiba Modular Multilevel Converters (MMC) STATCOM Product and Solutions
    • 2.6.4 Toshiba Modular Multilevel Converters (MMC) STATCOM Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 Toshiba Recent Developments and Future Plans
  • 2.7 LS ELECTRIC
    • 2.7.1 LS ELECTRIC Details
    • 2.7.2 LS ELECTRIC Major Business
    • 2.7.3 LS ELECTRIC Modular Multilevel Converters (MMC) STATCOM Product and Solutions
    • 2.7.4 LS ELECTRIC Modular Multilevel Converters (MMC) STATCOM Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 LS ELECTRIC Recent Developments and Future Plans
  • 2.8 Nided Industrial Solutions
    • 2.8.1 Nided Industrial Solutions Details
    • 2.8.2 Nided Industrial Solutions Major Business
    • 2.8.3 Nided Industrial Solutions Modular Multilevel Converters (MMC) STATCOM Product and Solutions
    • 2.8.4 Nided Industrial Solutions Modular Multilevel Converters (MMC) STATCOM Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 Nided Industrial Solutions Recent Developments and Future Plans
  • 2.9 NARI Technology
    • 2.9.1 NARI Technology Details
    • 2.9.2 NARI Technology Major Business
    • 2.9.3 NARI Technology Modular Multilevel Converters (MMC) STATCOM Product and Solutions
    • 2.9.4 NARI Technology Modular Multilevel Converters (MMC) STATCOM Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 NARI Technology Recent Developments and Future Plans
  • 2.10 Sieyuan Electric
    • 2.10.1 Sieyuan Electric Details
    • 2.10.2 Sieyuan Electric Major Business
    • 2.10.3 Sieyuan Electric Modular Multilevel Converters (MMC) STATCOM Product and Solutions
    • 2.10.4 Sieyuan Electric Modular Multilevel Converters (MMC) STATCOM Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 Sieyuan Electric Recent Developments and Future Plans

3 Market Competition, by Players

  • 3.1 Global Modular Multilevel Converters (MMC) STATCOM Revenue and Share by Players (2021-2026)
  • 3.2 Market Share Analysis (2025)
    • 3.2.1 Market Share of Modular Multilevel Converters (MMC) STATCOM by Company Revenue
    • 3.2.2 Top 3 Modular Multilevel Converters (MMC) STATCOM Players Market Share in 2025
    • 3.2.3 Top 6 Modular Multilevel Converters (MMC) STATCOM Players Market Share in 2025
  • 3.3 Modular Multilevel Converters (MMC) STATCOM Market: Overall Company Footprint Analysis
    • 3.3.1 Modular Multilevel Converters (MMC) STATCOM Market: Region Footprint
    • 3.3.2 Modular Multilevel Converters (MMC) STATCOM Market: Company Product Type Footprint
    • 3.3.3 Modular Multilevel Converters (MMC) STATCOM Market: Company Product Application Footprint
  • 3.4 New Market Entrants and Barriers to Market Entry
  • 3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Type

  • 4.1 Global Modular Multilevel Converters (MMC) STATCOM Consumption Value and Market Share by Type (2021-2026)
  • 4.2 Global Modular Multilevel Converters (MMC) STATCOM Market Forecast by Type (2027-2032)

5 Market Size Segment by Application

  • 5.1 Global Modular Multilevel Converters (MMC) STATCOM Consumption Value Market Share by Application (2021-2026)
  • 5.2 Global Modular Multilevel Converters (MMC) STATCOM Market Forecast by Application (2027-2032)

6 North America

  • 6.1 North America Modular Multilevel Converters (MMC) STATCOM Consumption Value by Type (2021-2032)
  • 6.2 North America Modular Multilevel Converters (MMC) STATCOM Market Size by Application (2021-2032)
  • 6.3 North America Modular Multilevel Converters (MMC) STATCOM Market Size by Country
    • 6.3.1 North America Modular Multilevel Converters (MMC) STATCOM Consumption Value by Country (2021-2032)
    • 6.3.2 United States Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)
    • 6.3.3 Canada Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)
    • 6.3.4 Mexico Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)

7 Europe

  • 7.1 Europe Modular Multilevel Converters (MMC) STATCOM Consumption Value by Type (2021-2032)
  • 7.2 Europe Modular Multilevel Converters (MMC) STATCOM Consumption Value by Application (2021-2032)
  • 7.3 Europe Modular Multilevel Converters (MMC) STATCOM Market Size by Country
    • 7.3.1 Europe Modular Multilevel Converters (MMC) STATCOM Consumption Value by Country (2021-2032)
    • 7.3.2 Germany Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)
    • 7.3.3 France Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)
    • 7.3.4 United Kingdom Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)
    • 7.3.5 Russia Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)
    • 7.3.6 Italy Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)

8 Asia-Pacific

  • 8.1 Asia-Pacific Modular Multilevel Converters (MMC) STATCOM Consumption Value by Type (2021-2032)
  • 8.2 Asia-Pacific Modular Multilevel Converters (MMC) STATCOM Consumption Value by Application (2021-2032)
  • 8.3 Asia-Pacific Modular Multilevel Converters (MMC) STATCOM Market Size by Region
    • 8.3.1 Asia-Pacific Modular Multilevel Converters (MMC) STATCOM Consumption Value by Region (2021-2032)
    • 8.3.2 China Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)
    • 8.3.3 Japan Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)
    • 8.3.4 South Korea Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)
    • 8.3.5 India Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)
    • 8.3.6 Southeast Asia Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)
    • 8.3.7 Australia Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)

9 South America

  • 9.1 South America Modular Multilevel Converters (MMC) STATCOM Consumption Value by Type (2021-2032)
  • 9.2 South America Modular Multilevel Converters (MMC) STATCOM Consumption Value by Application (2021-2032)
  • 9.3 South America Modular Multilevel Converters (MMC) STATCOM Market Size by Country
    • 9.3.1 South America Modular Multilevel Converters (MMC) STATCOM Consumption Value by Country (2021-2032)
    • 9.3.2 Brazil Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)
    • 9.3.3 Argentina Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)

10 Middle East & Africa

  • 10.1 Middle East & Africa Modular Multilevel Converters (MMC) STATCOM Consumption Value by Type (2021-2032)
  • 10.2 Middle East & Africa Modular Multilevel Converters (MMC) STATCOM Consumption Value by Application (2021-2032)
  • 10.3 Middle East & Africa Modular Multilevel Converters (MMC) STATCOM Market Size by Country
    • 10.3.1 Middle East & Africa Modular Multilevel Converters (MMC) STATCOM Consumption Value by Country (2021-2032)
    • 10.3.2 Turkey Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)
    • 10.3.3 Saudi Arabia Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)
    • 10.3.4 UAE Modular Multilevel Converters (MMC) STATCOM Market Size and Forecast (2021-2032)

11 Market Dynamics

  • 11.1 Modular Multilevel Converters (MMC) STATCOM Market Drivers
  • 11.2 Modular Multilevel Converters (MMC) STATCOM Market Restraints
  • 11.3 Modular Multilevel Converters (MMC) STATCOM Trends Analysis
  • 11.4 Porters Five Forces Analysis
    • 11.4.1 Threat of New Entrants
    • 11.4.2 Bargaining Power of Suppliers
    • 11.4.3 Bargaining Power of Buyers
    • 11.4.4 Threat of Substitutes
    • 11.4.5 Competitive Rivalry

12 Industry Chain Analysis

  • 12.1 Modular Multilevel Converters (MMC) STATCOM Industry Chain
  • 12.2 Modular Multilevel Converters (MMC) STATCOM Upstream Analysis
  • 12.3 Modular Multilevel Converters (MMC) STATCOM Midstream Analysis
  • 12.4 Modular Multilevel Converters (MMC) STATCOM Downstream Analysis

13 Research Findings and Conclusion

    14 Appendix

    • 14.1 Methodology
    • 14.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Modular Multilevel Converters (MMC) STATCOM. Industry analysis & Market Report on Modular Multilevel Converters (MMC) STATCOM is a syndicated market report, published as Global Modular Multilevel Converters (MMC) STATCOM Market 2026 by Company, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Modular Multilevel Converters (MMC) STATCOM market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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