STATCOM Segmentation
Voltage Type (Low, Medium, High)
The high segment in the STATCOM market is estimated to gain a robust revenue share of 45% in the coming years owing to grid stabilization solutions installed in power-demanding regions. Various key players are partnering to deliver advanced high-voltage direct current. For instance, in April 2025, Bharat Heavy Electricals Limited collaborated with Adani Energy Solutions for constructing a 6,000 MW ±800 kV HVDC transmission line to connect Bhadla, Rajasthan, to Fatehpur, Uttar Pradesh. The total investment value is nearly USD 3.0 billion, with an expectation to be completed by 2029. The investment is aimed at improving grid stability as well as supporting renewable energy from Rajasthan's Renewable Energy Zones.
Application (Renewable Energy, Electric Utilities, Photovoltaic Generation)
The electric utilities segment in STATCOM market is set to garner a notable share during the forecast period as electric companies require grid modernization solutions and renewable power integration capabilities. Electric utilities use STATCOM systems to stabilize voltage levels and compensate for reactive power, which serves as a key element for grid stability, given rapidly changing power consumption while operating renewable energy resources. Modern electric utility infrastructure relies on STATCOM devices as the demand for clean power requires advanced power grid solutions for decarbonization initiatives.
Our in-depth analysis of the STATCOM market includes the following segments:
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