STATCOM Market Size & Share, by Type (Low Voltage, Medium Voltage, High Voltage); Application (Solar, Hydro, Wind); End-Use (Electricity Networks, Photovoltaic Generation) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5344
  • Published Date: Oct 27, 2023
  • Report Format: PDF, PPT

Companies Dominating the STATCOM Landscape

    • ABB
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Bharat Heavy Electricals Limited
    • Siemens Energy
    • GE Energy
    • Sieyuan Electric
    • Hyosung Heavy Industries
    • Ingeteam S.A.
    • Eaton Corporation
    • American Superconductor
    • RXHK

Browse Key Market Insights with Data Illustration:


In The News

  • Energy giant Siemens Energy declared that it would provide four STATCOM installations for the substation projects of LS Power Grid in California to strengthen the energy grid's reliability. LS Power's substation in Fresno County hosted two STATCOM systems, while the remaining two were installed at LS Power's newly constructed Fern Road substation.
  • GE Energizes the STATCOM Scheme in Europe for UK’s National Grid. GE Renewable Energy’s Grid Solutions business has successfully energized the Dynamic Reactive Compensator project for National Grid in the UK. The project represents the largest utility-grade Static Synchronous Compensator STATCOM scheme in Europe, delivering 975 Mvar power range. It is deployed and coordinated over three separate substations along with the transmission network in the southeast UK.

Author Credits:  Abhishek Verma, Hetal Singh

  • Report ID: 5344
  • Published Date: Oct 27, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

increasing adoption of renewable energy and increasing demand for electricity are the major factors driving the growth of the static synchronous compensator (STATCOM) market.

The market size of STATCOM is anticipated to attain a CAGR of 13% over the forecast period, i.e., 2024-2036.

The major players in the market are Bharat Heavy Electricals Limited, Siemens Energy, GE Energy, Sieyuan Electric, Hyosung Heavy Industries, Ingeteam S.A., Eaton Corporation, American Superconductor and others.

The high voltage segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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