STATCOM Industry - Regional Scope
Asia Pacific Market
The STATCOM market in Asia Pacific is predicted to account for the largest share of 55% by 2037, impelled by the rapid expansion of the renewable energy sector. Countries such as India and China are rapidly building new solar and wind power generation facilities, creating power grid challenges due to their inconsistent nature. STATCOM systems are becoming more widely used as they help control power grid fluctuations while maintaining grid stability and delivering simultaneous improvements in voltage regulation and real-time power quality, enabling effective renewable energy integration.
The STATCOM market in China is experiencing significant growth, as the government maintains a strong commitment to building ultra-high-voltage transmission systems. With the increasing requirement of efficient power transmission from energy-rich western provinces to high-demand urban centers in the east, the UHV networks are becoming increasingly essential. Utility industries are increasingly utilizing the STATCOM systems for voltage stabilization and reactive power stabilization within extended high-throughput transmission pathways.
North America Market Analysis
The North America STATCOM market is estimated to be the second largest, during the forecast timeframe led by aging power grid infrastructure that develops greater susceptibility to instabilities along with voltage fluctuations. Utilities throughout the U.S. and Canada are significantly investing in STATCOM advanced grid stabilization technologies as they ensure stable voltage regulation while sustaining power quality as both electricity usage and power network congestion are rising.
The growth of large-scale renewable energy projects, including wind and solar farms, operates as an essential factor in Texas, along with California and Alberta. The integration of renewable energy sources requires STATCOM technology to stabilize power grids as these systems perform dynamic reactive power regulation and fast-voltage corrections, which ensure reliable renewable power distribution.
The U.S. STATCOM market growth is accelerating owing to the increasing demand for stronger grid resilience during severe weather conditions such as hurricanes, wildfires, and heat waves. Utility companies are investing in advanced voltage control technology, STATCOMs for quick responses, and decreased power disruptions as climate-induced disruptions are pressuring them to protect vulnerable grid areas with aging equipment.
