The global Static Synchronous Compensator (STATCOM) market size is predicted to grow from US$ 965 million in 2025 to US$ 1275 million in 2031; it is expected to grow at a CAGR of 4.8% from 2025 to 2031.
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.
The 鈥淪tatic Synchronous Compensator (STATCOM) Industry Forecast鈥� looks at past sales and reviews total world Static Synchronous Compensator (STATCOM) sales in 2024, providing a comprehensive analysis by region and market sector of projected Static Synchronous Compensator (STATCOM) sales for 2025 through 2031. With Static Synchronous Compensator (STATCOM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Static Synchronous Compensator (STATCOM) industry.
This Insight Report provides a comprehensive analysis of the global Static Synchronous Compensator (STATCOM) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Static Synchronous Compensator (STATCOM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Static Synchronous Compensator (STATCOM) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Static Synchronous Compensator (STATCOM) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Static Synchronous Compensator (STATCOM).
This report presents a comprehensive overview, market shares, and growth opportunities of Static Synchronous Compensator (STATCOM) market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
High Voltage STATCOM
Low Voltage STATCOM
Segmentation by Application:
Electric Utilities
Renewable Energy
Industrial & Manufacturing
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Static Synchronous Compensator (STATCOM) market?
What factors are driving Static Synchronous Compensator (STATCOM) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Static Synchronous Compensator (STATCOM) market opportunities vary by end market size?
How does Static Synchronous Compensator (STATCOM) break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Static Synchronous Compensator (STATCOM) Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Static Synchronous Compensator (STATCOM) by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Static Synchronous Compensator (STATCOM) by Country/Region, 2020, 2024 & 2031
2.2 Static Synchronous Compensator (STATCOM) Segment by Type
2.2.1 High Voltage STATCOM
2.2.2 Low Voltage STATCOM
2.3 Static Synchronous Compensator (STATCOM) Sales by Type
2.3.1 Global Static Synchronous Compensator (STATCOM) Sales Market Share by Type (2020-2025)
2.3.2 Global Static Synchronous Compensator (STATCOM) Revenue and Market Share by Type (2020-2025)
2.3.3 Global Static Synchronous Compensator (STATCOM) Sale Price by Type (2020-2025)
2.4 Static Synchronous Compensator (STATCOM) Segment by Application
2.4.1 Electric Utilities
2.4.2 Renewable Energy
2.4.3 Industrial & Manufacturing
2.4.4 Others
2.5 Static Synchronous Compensator (STATCOM) Sales by Application
2.5.1 Global Static Synchronous Compensator (STATCOM) Sale Market Share by Application (2020-2025)
2.5.2 Global Static Synchronous Compensator (STATCOM) Revenue and Market Share by Application (2020-2025)
2.5.3 Global Static Synchronous Compensator (STATCOM) Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Static Synchronous Compensator (STATCOM) Breakdown Data by Company
3.1.1 Global Static Synchronous Compensator (STATCOM) Annual Sales by Company (2020-2025)
3.1.2 Global Static Synchronous Compensator (STATCOM) Sales Market Share by Company (2020-2025)
3.2 Global Static Synchronous Compensator (STATCOM) Annual Revenue by Company (2020-2025)
3.2.1 Global Static Synchronous Compensator (STATCOM) Revenue by Company (2020-2025)
3.2.2 Global Static Synchronous Compensator (STATCOM) Revenue Market Share by Company (2020-2025)
3.3 Global Static Synchronous Compensator (STATCOM) Sale Price by Company
3.4 Key Manufacturers Static Synchronous Compensator (STATCOM) Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Static Synchronous Compensator (STATCOM) Product Location Distribution
3.4.2 Players Static Synchronous Compensator (STATCOM) Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Static Synchronous Compensator (STATCOM) by Geographic Region
4.1 World Historic Static Synchronous Compensator (STATCOM) Market Size by Geographic Region (2020-2025)
4.1.1 Global Static Synchronous Compensator (STATCOM) Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Static Synchronous Compensator (STATCOM) Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Static Synchronous Compensator (STATCOM) Market Size by Country/Region (2020-2025)
4.2.1 Global Static Synchronous Compensator (STATCOM) Annual Sales by Country/Region (2020-2025)
4.2.2 Global Static Synchronous Compensator (STATCOM) Annual Revenue by Country/Region (2020-2025)
4.3 Americas Static Synchronous Compensator (STATCOM) Sales Growth
4.4 APAC Static Synchronous Compensator (STATCOM) Sales Growth
4.5 Europe Static Synchronous Compensator (STATCOM) Sales Growth
4.6 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales Growth
5 Americas
5.1 Americas Static Synchronous Compensator (STATCOM) Sales by Country
5.1.1 Americas Static Synchronous Compensator (STATCOM) Sales by Country (2020-2025)
5.1.2 Americas Static Synchronous Compensator (STATCOM) Revenue by Country (2020-2025)
5.2 Americas Static Synchronous Compensator (STATCOM) Sales by Type (2020-2025)
5.3 Americas Static Synchronous Compensator (STATCOM) Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Static Synchronous Compensator (STATCOM) Sales by Region
6.1.1 APAC Static Synchronous Compensator (STATCOM) Sales by Region (2020-2025)
6.1.2 APAC Static Synchronous Compensator (STATCOM) Revenue by Region (2020-2025)
6.2 APAC Static Synchronous Compensator (STATCOM) Sales by Type (2020-2025)
6.3 APAC Static Synchronous Compensator (STATCOM) Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Static Synchronous Compensator (STATCOM) by Country
7.1.1 Europe Static Synchronous Compensator (STATCOM) Sales by Country (2020-2025)
7.1.2 Europe Static Synchronous Compensator (STATCOM) Revenue by Country (2020-2025)
7.2 Europe Static Synchronous Compensator (STATCOM) Sales by Type (2020-2025)
7.3 Europe Static Synchronous Compensator (STATCOM) Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Static Synchronous Compensator (STATCOM) by Country
8.1.1 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales by Country (2020-2025)
8.1.2 Middle East & Africa Static Synchronous Compensator (STATCOM) Revenue by Country (2020-2025)
8.2 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales by Type (2020-2025)
8.3 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Static Synchronous Compensator (STATCOM)
10.3 Manufacturing Process Analysis of Static Synchronous Compensator (STATCOM)
10.4 Industry Chain Structure of Static Synchronous Compensator (STATCOM)
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Static Synchronous Compensator (STATCOM) Distributors
11.3 Static Synchronous Compensator (STATCOM) Customer
12 World Forecast Review for Static Synchronous Compensator (STATCOM) by Geographic Region
12.1 Global Static Synchronous Compensator (STATCOM) Market Size Forecast by Region
12.1.1 Global Static Synchronous Compensator (STATCOM) Forecast by Region (2026-2031)
12.1.2 Global Static Synchronous Compensator (STATCOM) Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Static Synchronous Compensator (STATCOM) Forecast by Type (2026-2031)
12.7 Global Static Synchronous Compensator (STATCOM) Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Hitachi, Ltd.
13.1.1 Hitachi, Ltd. Company Information
13.1.2 Hitachi, Ltd. Static Synchronous Compensator (STATCOM) Product Portfolios and Specifications
13.1.3 Hitachi, Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Hitachi, Ltd. Main Business Overview
13.1.5 Hitachi, Ltd. Latest Developments
13.2 Siemens Aktiengesellschaft
13.2.1 Siemens Aktiengesellschaft Company Information
13.2.2 Siemens Aktiengesellschaft Static Synchronous Compensator (STATCOM) Product Portfolios and Specifications
13.2.3 Siemens Aktiengesellschaft Static Synchronous Compensator (STATCOM) Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Siemens Aktiengesellschaft Main Business Overview
13.2.5 Siemens Aktiengesellschaft Latest Developments
13.3 Windsun Science Technology Co., Ltd.
13.3.1 Windsun Science Technology Co., Ltd. Company Information
13.3.2 Windsun Science Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Product Portfolios and Specifications
13.3.3 Windsun Science Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Windsun Science Technology Co., Ltd. Main Business Overview
13.3.5 Windsun Science Technology Co., Ltd. Latest Developments
13.4 Liaoning Rongxin Xingye Power Technology Co., Ltd.
13.4.1 Liaoning Rongxin Xingye Power Technology Co., Ltd. Company Information
13.4.2 Liaoning Rongxin Xingye Power Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Product Portfolios and Specifications
13.4.3 Liaoning Rongxin Xingye Power Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Liaoning Rongxin Xingye Power Technology Co., Ltd. Main Business Overview
13.4.5 Liaoning Rongxin Xingye Power Technology Co., Ltd. Latest Developments
13.5 Sieyuan Electric Co., Ltd.
13.5.1 Sieyuan Electric Co., Ltd. Company Information
13.5.2 Sieyuan Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Product Portfolios and Specifications
13.5.3 Sieyuan Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Sieyuan Electric Co., Ltd. Main Business Overview
13.5.5 Sieyuan Electric Co., Ltd. Latest Developments
13.6 TBEA Co., Ltd.
13.6.1 TBEA Co., Ltd. Company Information
13.6.2 TBEA Co., Ltd. Static Synchronous Compensator (STATCOM) Product Portfolios and Specifications
13.6.3 TBEA Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 TBEA Co., Ltd. Main Business Overview
13.6.5 TBEA Co., Ltd. Latest Developments
13.7 Mitsubishi Electric Corporation
13.7.1 Mitsubishi Electric Corporation Company Information
13.7.2 Mitsubishi Electric Corporation Static Synchronous Compensator (STATCOM) Product Portfolios and Specifications
13.7.3 Mitsubishi Electric Corporation Static Synchronous Compensator (STATCOM) Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Mitsubishi Electric Corporation Main Business Overview
13.7.5 Mitsubishi Electric Corporation Latest Developments
13.8 General Electric
13.8.1 General Electric Company Information
13.8.2 General Electric Static Synchronous Compensator (STATCOM) Product Portfolios and Specifications
13.8.3 General Electric Static Synchronous Compensator (STATCOM) Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 General Electric Main Business Overview
13.8.5 General Electric Latest Developments
13.9 Nari Technology Co., Ltd.
13.9.1 Nari Technology Co., Ltd. Company Information
13.9.2 Nari Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Product Portfolios and Specifications
13.9.3 Nari Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Nari Technology Co., Ltd. Main Business Overview
13.9.5 Nari Technology Co., Ltd. Latest Developments
13.10 Shandong Taikai Power Electronic Co., Ltd.
13.10.1 Shandong Taikai Power Electronic Co., Ltd. Company Information
13.10.2 Shandong Taikai Power Electronic Co., Ltd. Static Synchronous Compensator (STATCOM) Product Portfolios and Specifications
13.10.3 Shandong Taikai Power Electronic Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Shandong Taikai Power Electronic Co., Ltd. Main Business Overview
13.10.5 Shandong Taikai Power Electronic Co., Ltd. Latest Developments
13.11 Shenzhen Hopewind Electric Co., Ltd.
13.11.1 Shenzhen Hopewind Electric Co., Ltd. Company Information
13.11.2 Shenzhen Hopewind Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Product Portfolios and Specifications
13.11.3 Shenzhen Hopewind Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Shenzhen Hopewind Electric Co., Ltd. Main Business Overview
13.11.5 Shenzhen Hopewind Electric Co., Ltd. Latest Developments
13.12 American Superconductor Corporation
13.12.1 American Superconductor Corporation Company Information
13.12.2 American Superconductor Corporation Static Synchronous Compensator (STATCOM) Product Portfolios and Specifications
13.12.3 American Superconductor Corporation Static Synchronous Compensator (STATCOM) Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 American Superconductor Corporation Main Business Overview
13.12.5 American Superconductor Corporation Latest Developments
13.13 Ingeteam Inc.
13.13.1 Ingeteam Inc. Company Information
13.13.2 Ingeteam Inc. Static Synchronous Compensator (STATCOM) Product Portfolios and Specifications
13.13.3 Ingeteam Inc. Static Synchronous Compensator (STATCOM) Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Ingeteam Inc. Main Business Overview
13.13.5 Ingeteam Inc. Latest Developments
13.14 Beijing In-power Electric Co., Ltd.
13.14.1 Beijing In-power Electric Co., Ltd. Company Information
13.14.2 Beijing In-power Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Product Portfolios and Specifications
13.14.3 Beijing In-power Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Beijing In-power Electric Co., Ltd. Main Business Overview
13.14.5 Beijing In-power Electric Co., Ltd. Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
