Static Synchronous Compensator (STATCOM) Market - Top Companies and Manufacturers

Companies Dominating the Static Synchronous Compensator (STATCOM) Landscape

ABB Group
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Siemens AG
Rongxin Power Electronic Co., Ltd.
S&C Electric
General Electric
Sieyuan Electric
Beijing In-power Electric Co., Ltd
Merus Power

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STATCOM Market Size & Share, Growth Analysis 2025-2037

In the News

ABB Group installed the world’s first hybrid static compensator (statcom) for TenneT, to offer reactive power compensation and dynamic voltage assistance to maintain the grid stable at the necessary voltage and to fortify and stabilize the German power system.
Siemens AG announced to offer of four static synchronous compensator (STATCOM) installations for LS Power Grid California, LLC (LS Power) substation projects the functions of these systems will include voltage support and control in the event of transmission interruptions and system incidents.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of static synchronous compensator (STATCOM) is assessed at USD 1.14 billion.

STATCOM Market size was valued at USD 1.04 billion in 2024 and is anticipated to reach USD 4.86 billion by the end of 2037, registering around 12.6% CAGR during the forecast period i.e., between 2025-2037. The growing demand for power across the globe and the growing usage of AC transmission systems will drive the market growth.

Asia Pacific industry is likely to account for largest revenue share of 55% by 2037, impelled by rapid urbanization in the region.

The major players in the market are Siemens AG, Rongxin Power Electronic Co., Ltd., S&C Electric, General Electric, Sieyuan Electric, Beijing In-power Electric Co., Ltd, Merus Power, Mitsubishi Electric Corporation, Hitachi Energy, and others.

Static Synchronous Compensator (STATCOM) Market - Top Companies and Manufacturers

Companies Dominating the Static Synchronous Compensator (STATCOM) Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

What is the size of the static synchronous compensator (STATCOM) market?

Why is the static synchronous compensator (STATCOM) sector gaining traction in near future?

Which region accounted for the largest static synchronous compensator (STATCOM) industry share?

Who are the major static synchronous compensator (STATCOM) players?