Companies Dominating the Static Synchronous Compensator Landscape
- 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 static synchronous compensator 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)
STATCOM Market in 2025 is evaluated at USD 1.14 billion.
The global market size was worth over USD 1.04 billion in 2024 and is poised to grow at a CAGR of around 12.6%, reaching USD 4.86 billion revenue by 2037.
Asia Pacific is forecast to generate USD 2.67 billion by 2037, driven by rapid urbanization and increased power consumption in India.
The major players in the market include 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.
