Key STATCOM Market Players:
- ABB Group
- Company Overview
- Business Strategy
- Key Technology 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
The STATCOM market is highly competitive, featuring a mix of global power equipment manufacturers and specialized grid technology providers. Key players such as Siemens Energy, General Electric, Mitsubishi Electric, NR Electric, and Bharat Heavy Electricals Limited (BHEL) are focusing on expanding their STATCOM portfolios to address rising grid stability needs. These companies are investing in technological innovations, service capabilities, and strategic collaborations to strengthen their market positions. Here are some key players operating in the global market:
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of the STATCOM was over USD 1.23 billion.
The global STATCOM market size was USD 1.23 billion in 2026 and is likely to reach USD 3.19 billion by the end of 2036, expanding at a CAGR of 10.0% over the forecast period, i.e., 2027-2036.
Asia Pacific STATCOM market is predicted to account for the largest share of 55% by 2036, impelled by the rapid expansion of the renewable energy sector.
Key players in the market include Aluflexpack AG, Amcor plc, Mondi, Sonoco Products Company, Uflex Ltd., Huhtamäki Oyj, Flexibles Industrial Packages Co( SAOC)., HOSOKAWA YOKO Co., Ltd., Constantia Flexibles, Berry Global Group, Inc.
