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Global Static Synchronous Compensator (STATCOM) Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

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1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Static Synchronous Compensator (STATCOM) Consumption Value by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 High Voltage STATCOM
    • 1.3.3 Low Voltage STATCOM
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Static Synchronous Compensator (STATCOM) Consumption Value by Application: 2021 Versus 2025 Versus 2032
    • 1.4.2 Electric Utilities
    • 1.4.3 Renewable Energy
    • 1.4.4 Industrial & Manufacturing
    • 1.4.5 Others
  • 1.5 Global Static Synchronous Compensator (STATCOM) Market Size & Forecast
    • 1.5.1 Global Static Synchronous Compensator (STATCOM) Consumption Value (2021 & 2025 & 2032)
    • 1.5.2 Global Static Synchronous Compensator (STATCOM) Sales Quantity (2021-2032)
    • 1.5.3 Global Static Synchronous Compensator (STATCOM) Average Price (2021-2032)

2 Manufacturers Profiles

  • 2.1 Hitachi, Ltd.
    • 2.1.1 Hitachi, Ltd. Details
    • 2.1.2 Hitachi, Ltd. Major Business
    • 2.1.3 Hitachi, Ltd. Static Synchronous Compensator (STATCOM) Product and Services
    • 2.1.4 Hitachi, Ltd. Static Synchronous Compensator (STATCOM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 Hitachi, Ltd. Recent Developments/Updates
  • 2.2 Siemens Aktiengesellschaft
    • 2.2.1 Siemens Aktiengesellschaft Details
    • 2.2.2 Siemens Aktiengesellschaft Major Business
    • 2.2.3 Siemens Aktiengesellschaft Static Synchronous Compensator (STATCOM) Product and Services
    • 2.2.4 Siemens Aktiengesellschaft Static Synchronous Compensator (STATCOM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 Siemens Aktiengesellschaft Recent Developments/Updates
  • 2.3 Windsun Science Technology Co., Ltd.
    • 2.3.1 Windsun Science Technology Co., Ltd. Details
    • 2.3.2 Windsun Science Technology Co., Ltd. Major Business
    • 2.3.3 Windsun Science Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Product and Services
    • 2.3.4 Windsun Science Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 Windsun Science Technology Co., Ltd. Recent Developments/Updates
  • 2.4 Liaoning Rongxin Xingye Power Technology Co., Ltd.
    • 2.4.1 Liaoning Rongxin Xingye Power Technology Co., Ltd. Details
    • 2.4.2 Liaoning Rongxin Xingye Power Technology Co., Ltd. Major Business
    • 2.4.3 Liaoning Rongxin Xingye Power Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Product and Services
    • 2.4.4 Liaoning Rongxin Xingye Power Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 Liaoning Rongxin Xingye Power Technology Co., Ltd. Recent Developments/Updates
  • 2.5 Sieyuan Electric Co., Ltd.
    • 2.5.1 Sieyuan Electric Co., Ltd. Details
    • 2.5.2 Sieyuan Electric Co., Ltd. Major Business
    • 2.5.3 Sieyuan Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Product and Services
    • 2.5.4 Sieyuan Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 Sieyuan Electric Co., Ltd. Recent Developments/Updates
  • 2.6 TBEA Co., Ltd.
    • 2.6.1 TBEA Co., Ltd. Details
    • 2.6.2 TBEA Co., Ltd. Major Business
    • 2.6.3 TBEA Co., Ltd. Static Synchronous Compensator (STATCOM) Product and Services
    • 2.6.4 TBEA Co., Ltd. Static Synchronous Compensator (STATCOM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 TBEA Co., Ltd. Recent Developments/Updates
  • 2.7 Mitsubishi Electric Corporation
    • 2.7.1 Mitsubishi Electric Corporation Details
    • 2.7.2 Mitsubishi Electric Corporation Major Business
    • 2.7.3 Mitsubishi Electric Corporation Static Synchronous Compensator (STATCOM) Product and Services
    • 2.7.4 Mitsubishi Electric Corporation Static Synchronous Compensator (STATCOM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 Mitsubishi Electric Corporation Recent Developments/Updates
  • 2.8 General Electric
    • 2.8.1 General Electric Details
    • 2.8.2 General Electric Major Business
    • 2.8.3 General Electric Static Synchronous Compensator (STATCOM) Product and Services
    • 2.8.4 General Electric Static Synchronous Compensator (STATCOM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 General Electric Recent Developments/Updates
  • 2.9 Nari Technology Co., Ltd.
    • 2.9.1 Nari Technology Co., Ltd. Details
    • 2.9.2 Nari Technology Co., Ltd. Major Business
    • 2.9.3 Nari Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Product and Services
    • 2.9.4 Nari Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 Nari Technology Co., Ltd. Recent Developments/Updates
  • 2.10 Shandong Taikai Power Electronic Co., Ltd.
    • 2.10.1 Shandong Taikai Power Electronic Co., Ltd. Details
    • 2.10.2 Shandong Taikai Power Electronic Co., Ltd. Major Business
    • 2.10.3 Shandong Taikai Power Electronic Co., Ltd. Static Synchronous Compensator (STATCOM) Product and Services
    • 2.10.4 Shandong Taikai Power Electronic Co., Ltd. Static Synchronous Compensator (STATCOM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 Shandong Taikai Power Electronic Co., Ltd. Recent Developments/Updates
  • 2.11 Shenzhen Hopewind Electric Co., Ltd.
    • 2.11.1 Shenzhen Hopewind Electric Co., Ltd. Details
    • 2.11.2 Shenzhen Hopewind Electric Co., Ltd. Major Business
    • 2.11.3 Shenzhen Hopewind Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Product and Services
    • 2.11.4 Shenzhen Hopewind Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 Shenzhen Hopewind Electric Co., Ltd. Recent Developments/Updates
  • 2.12 American Superconductor Corporation
    • 2.12.1 American Superconductor Corporation Details
    • 2.12.2 American Superconductor Corporation Major Business
    • 2.12.3 American Superconductor Corporation Static Synchronous Compensator (STATCOM) Product and Services
    • 2.12.4 American Superconductor Corporation Static Synchronous Compensator (STATCOM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.12.5 American Superconductor Corporation Recent Developments/Updates
  • 2.13 Ingeteam Inc.
    • 2.13.1 Ingeteam Inc. Details
    • 2.13.2 Ingeteam Inc. Major Business
    • 2.13.3 Ingeteam Inc. Static Synchronous Compensator (STATCOM) Product and Services
    • 2.13.4 Ingeteam Inc. Static Synchronous Compensator (STATCOM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.13.5 Ingeteam Inc. Recent Developments/Updates
  • 2.14 Beijing In-power Electric Co., Ltd.
    • 2.14.1 Beijing In-power Electric Co., Ltd. Details
    • 2.14.2 Beijing In-power Electric Co., Ltd. Major Business
    • 2.14.3 Beijing In-power Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Product and Services
    • 2.14.4 Beijing In-power Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.14.5 Beijing In-power Electric Co., Ltd. Recent Developments/Updates

3 Competitive Environment: Static Synchronous Compensator (STATCOM) by Manufacturer

  • 3.1 Global Static Synchronous Compensator (STATCOM) Sales Quantity by Manufacturer (2021-2026)
  • 3.2 Global Static Synchronous Compensator (STATCOM) Revenue by Manufacturer (2021-2026)
  • 3.3 Global Static Synchronous Compensator (STATCOM) Average Price by Manufacturer (2021-2026)
  • 3.4 Market Share Analysis (2025)
    • 3.4.1 Producer Shipments of Static Synchronous Compensator (STATCOM) by Manufacturer Revenue ($MM) and Market Share (%): 2025
    • 3.4.2 Top 3 Static Synchronous Compensator (STATCOM) Manufacturer Market Share in 2025
    • 3.4.3 Top 6 Static Synchronous Compensator (STATCOM) Manufacturer Market Share in 2025
  • 3.5 Static Synchronous Compensator (STATCOM) Market: Overall Company Footprint Analysis
    • 3.5.1 Static Synchronous Compensator (STATCOM) Market: Region Footprint
    • 3.5.2 Static Synchronous Compensator (STATCOM) Market: Company Product Type Footprint
    • 3.5.3 Static Synchronous Compensator (STATCOM) Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Static Synchronous Compensator (STATCOM) Market Size by Region
    • 4.1.1 Global Static Synchronous Compensator (STATCOM) Sales Quantity by Region (2021-2032)
    • 4.1.2 Global Static Synchronous Compensator (STATCOM) Consumption Value by Region (2021-2032)
    • 4.1.3 Global Static Synchronous Compensator (STATCOM) Average Price by Region (2021-2032)
  • 4.2 North America Static Synchronous Compensator (STATCOM) Consumption Value (2021-2032)
  • 4.3 Europe Static Synchronous Compensator (STATCOM) Consumption Value (2021-2032)
  • 4.4 Asia-Pacific Static Synchronous Compensator (STATCOM) Consumption Value (2021-2032)
  • 4.5 South America Static Synchronous Compensator (STATCOM) Consumption Value (2021-2032)
  • 4.6 Middle East & Africa Static Synchronous Compensator (STATCOM) Consumption Value (2021-2032)

5 Market Segment by Type

  • 5.1 Global Static Synchronous Compensator (STATCOM) Sales Quantity by Type (2021-2032)
  • 5.2 Global Static Synchronous Compensator (STATCOM) Consumption Value by Type (2021-2032)
  • 5.3 Global Static Synchronous Compensator (STATCOM) Average Price by Type (2021-2032)

6 Market Segment by Application

  • 6.1 Global Static Synchronous Compensator (STATCOM) Sales Quantity by Application (2021-2032)
  • 6.2 Global Static Synchronous Compensator (STATCOM) Consumption Value by Application (2021-2032)
  • 6.3 Global Static Synchronous Compensator (STATCOM) Average Price by Application (2021-2032)

7 North America

  • 7.1 North America Static Synchronous Compensator (STATCOM) Sales Quantity by Type (2021-2032)
  • 7.2 North America Static Synchronous Compensator (STATCOM) Sales Quantity by Application (2021-2032)
  • 7.3 North America Static Synchronous Compensator (STATCOM) Market Size by Country
    • 7.3.1 North America Static Synchronous Compensator (STATCOM) Sales Quantity by Country (2021-2032)
    • 7.3.2 North America Static Synchronous Compensator (STATCOM) Consumption Value by Country (2021-2032)
    • 7.3.3 United States Market Size and Forecast (2021-2032)
    • 7.3.4 Canada Market Size and Forecast (2021-2032)
    • 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

  • 8.1 Europe Static Synchronous Compensator (STATCOM) Sales Quantity by Type (2021-2032)
  • 8.2 Europe Static Synchronous Compensator (STATCOM) Sales Quantity by Application (2021-2032)
  • 8.3 Europe Static Synchronous Compensator (STATCOM) Market Size by Country
    • 8.3.1 Europe Static Synchronous Compensator (STATCOM) Sales Quantity by Country (2021-2032)
    • 8.3.2 Europe Static Synchronous Compensator (STATCOM) Consumption Value by Country (2021-2032)
    • 8.3.3 Germany Market Size and Forecast (2021-2032)
    • 8.3.4 France Market Size and Forecast (2021-2032)
    • 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
    • 8.3.6 Russia Market Size and Forecast (2021-2032)
    • 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

  • 9.1 Asia-Pacific Static Synchronous Compensator (STATCOM) Sales Quantity by Type (2021-2032)
  • 9.2 Asia-Pacific Static Synchronous Compensator (STATCOM) Sales Quantity by Application (2021-2032)
  • 9.3 Asia-Pacific Static Synchronous Compensator (STATCOM) Market Size by Region
    • 9.3.1 Asia-Pacific Static Synchronous Compensator (STATCOM) Sales Quantity by Region (2021-2032)
    • 9.3.2 Asia-Pacific Static Synchronous Compensator (STATCOM) Consumption Value by Region (2021-2032)
    • 9.3.3 China Market Size and Forecast (2021-2032)
    • 9.3.4 Japan Market Size and Forecast (2021-2032)
    • 9.3.5 South Korea Market Size and Forecast (2021-2032)
    • 9.3.6 India Market Size and Forecast (2021-2032)
    • 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
    • 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

  • 10.1 South America Static Synchronous Compensator (STATCOM) Sales Quantity by Type (2021-2032)
  • 10.2 South America Static Synchronous Compensator (STATCOM) Sales Quantity by Application (2021-2032)
  • 10.3 South America Static Synchronous Compensator (STATCOM) Market Size by Country
    • 10.3.1 South America Static Synchronous Compensator (STATCOM) Sales Quantity by Country (2021-2032)
    • 10.3.2 South America Static Synchronous Compensator (STATCOM) Consumption Value by Country (2021-2032)
    • 10.3.3 Brazil Market Size and Forecast (2021-2032)
    • 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

  • 11.1 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales Quantity by Type (2021-2032)
  • 11.2 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales Quantity by Application (2021-2032)
  • 11.3 Middle East & Africa Static Synchronous Compensator (STATCOM) Market Size by Country
    • 11.3.1 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales Quantity by Country (2021-2032)
    • 11.3.2 Middle East & Africa Static Synchronous Compensator (STATCOM) Consumption Value by Country (2021-2032)
    • 11.3.3 Turkey Market Size and Forecast (2021-2032)
    • 11.3.4 Egypt Market Size and Forecast (2021-2032)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
    • 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

  • 12.1 Static Synchronous Compensator (STATCOM) Market Drivers
  • 12.2 Static Synchronous Compensator (STATCOM) Market Restraints
  • 12.3 Static Synchronous Compensator (STATCOM) Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Static Synchronous Compensator (STATCOM) and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Static Synchronous Compensator (STATCOM)
  • 13.3 Static Synchronous Compensator (STATCOM) Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Static Synchronous Compensator (STATCOM) Typical Distributors
  • 14.3 Static Synchronous Compensator (STATCOM) Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    According to our (Global Info Research) latest study, the global Static Synchronous Compensator (STATCOM) market size was valued at US$ 1015 million in 2025 and is forecast to a readjusted size of US$ 1375 million by 2032 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$/Mvar), 2021-2032
    Global Static Synchronous Compensator (STATCOM) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Mvar), and average selling prices (US$/Mvar), 2021-2032
    Global Static Synchronous Compensator (STATCOM) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Mvar), and average selling prices (US$/Mvar), 2021-2032
    Global Static Synchronous Compensator (STATCOM) market shares of main players, shipments in revenue ($ Million), sales quantity (Mvar), and ASP (US$/Mvar), 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 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 2021-2032, 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 2021 to 2026.
    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 2021 to 2032.
    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 2021 to 2032.
    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 2021 to 2026.and Static Synchronous Compensator (STATCOM) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
    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.

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