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Static Synchronous Compensator (STATCOM) Market Size and growth rate 2025 to 2029: Graph

Static Synchronous Compensator (STATCOM) Global Market Report 2025 - By Type (Low Voltage Static Synchronous Compensator (STATCOM), High Voltage Static Synchronous Compensator (STATCOM)), By Component (Power Electronics, Control Systems, Transformers, Filters, Protection Equipment), By Technology Type (Voltage Source Converter (VSC) Static Synchronous Compensator, Current Source Converter (CSC) Static Synchronous Compensator, Hybrid Static Synchronous Compensator), By Distribution Channel (Original Equipment Manufacturer (OEM), Aftermarket), By End-User (Utility Providers, Industrial Sector, Renewable Energy Developers, Transportation Sector, Commercial Establishments) - Market Size, Trends, And Global Forecast 2025-2034

Static Synchronous Compensator (STATCOM) Global Market Report 2025

Report Price : $4490.00 | Pages : 200 | Published : June 2025 | Delivery Time: 2-3 business days Info | Format : pdf

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Static Synchronous Compensator (STATCOM) Global Market Report 2025

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Description Table Of Contents Tables & Figures

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What Is Covered Under Static Synchronous Compensator (STATCOM) Market?

A Static synchronous compensator (STATCOM) is a power electronic device used in electrical power systems to regulate voltage and improve stability by rapidly injecting or absorbing reactive power. It connects in shunt with the power system and uses voltage-source converters to generate a controllable AC voltage, which helps maintain the desired voltage level, improve power factor, and enhance overall system reliability. STATCOMs respond quickly and efficiently to changes in the grid, making them essential for modern power quality and voltage control.

The main types of static synchronous compensator (STATCOM) are low voltage static synchronous compensator (STATCOM) and high voltage static synchronous compensator (STATCOM). A low voltage static synchronous compensator (STATCOM) is a device used to regulate voltage and manage reactive power in low-voltage electrical systems, enhancing power quality and stability. Key components include power electronics, control systems, transformers, filters, and protection equipment. The various technology types include voltage source converter (VSC) static synchronous compensator (STATCOM), current source converter (CSC) static synchronous compensator (STATCOM), and hybrid static synchronous compensator (STATCOM). These systems are distributed through various channels such as original equipment manufacturers (OEMs) and the aftermarket. They are used by various end-users, including utility providers, the industrial sector, renewable energy developers, the transportation sector, and commercial establishments.

Static Synchronous Compensator (STATCOM) Market Size and growth rate 2025 to 2029: Graph
Share Share

What Is The Static Synchronous Compensator (STATCOM) Market Size 2025 And Growth Rate?

The static synchronous compensator (statcom) market size has grown strongly in recent years. It will grow from $1.08 billion in 2024 to $1.18 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to increasing need for voltage regulation, rising investments in smart grid technologies, increasing adoption of power electronics, rise in government initiatives for grid modernization, and increasing urbanization and industrial growth.

What Is The Static Synchronous Compensator (STATCOM) Market Growth Forecast?

The static synchronous compensator (statcom) market size is expected to see strong growth in the next few years. It will grow to $1.66 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to growing demand for voltage stability, rising investments in energy storage integration, growing focus on reducing transmission losses, increasing need for real-time grid monitoring and control, and rising investments in smart grid technologies. Major trends in the forecast period include advancement in modular statcom designs, advanced power electronics integration, innovation in real-time grid monitoring, integration with energy storage systems, and advancement in cooling technologies.

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How Is The Static Synchronous Compensator (STATCOM) Market Segmented?

The static synchronous compensator (STATCOM) market covered in this report is segmented –

1) By Type: Low Voltage Static Synchronous Compensator (STATCOM), High Voltage Static Synchronous Compensator (STATCOM)

2) By Component: Power Electronics, Control Systems, Transformers, Filters, Protection Equipment

3) By Technology Type: Voltage Source Converter (VSC) Static Synchronous Compensator, Current Source Converter (CSC) Static Synchronous Compensator, Hybrid Static Synchronous Compensator

4) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket

5) By End-User: Utility Providers, Industrial Sector, Renewable Energy Developers, Transportation Sector, Commercial Establishments

Subsegments:

1) By Low Voltage Static Synchronous Compensator (STATCOM): Industrial Power Systems, Commercial Power Systems, Renewable Energy Integration, Data Centers, Urban Distribution Networks

2) By High Voltage Static Synchronous Compensator (STATCOM): Utility Transmission Grids, Renewable Energy Plants (Wind, Solar), Industrial Bulk Power Consumers, Smart Grid Infrastructure, Cross-Border Interconnections

What Is Driving The Static Synchronous Compensator (STATCOM) Market? Growing Renewable Energy Demand Is Fueling The Market Growth Due To Enhance Grid Stability And Power Quality Needs

The growing demand for renewable energy is expected to propel the growth of the static synchronous compensator (STATCOM) market going forward. Renewable energy refers to energy that is generated from natural sources or processes that are constantly replenished and cannot be depleted. The growing demand for renewable energy is primarily due to increasing concerns about climate change, as governments, businesses, and consumers seek cleaner energy sources to reduce greenhouse gas emissions and mitigate global warming. Static synchronous compensator (STATCOM) enhances renewable energy integration by providing fast and dynamic voltage support, improving grid stability and power quality amid the variability of renewable sources. For instance, in December 2024, according to Eurostat, a Luxembourg-based government agency, the proportion of energy derived from renewable sources in the European Union’s transport sector increased to 10.8% in 2023, rising from 9.6% in 2022. Therefore, the growing demand for renewable energy is driving the growth of the static synchronous compensator (STATCOM) market.

Who Are The Major Players In The Global Static Synchronous Compensator (STATCOM) Market?

Major companies operating in the static synchronous compensator (STATCOM) market are Mitsubishi Electric Corporation, Hitachi Energy Ltd., Siemens AG, General Electric Company (GE), ABB Ltd., Toshiba Corporation, Chint Group Corporation, Eaton Corporation plc, Bharat Heavy Electricals Limited (BHEL), Hyosung Heavy Industries Corporation, Sieyuan Electric Co. Ltd., CG Power and Industrial Solutions Limited, American Superconductor Corporation, LS Electric Co. Ltd., JEMA Energy S.A., HICO America, Merus Power Plc, NR Electric Co. Ltd., Comsys AB, ZDDQ Electric Co. Ltd.

What Are The Key Trends Of The Global Static Synchronous Compensator (STATCOM) Market? Advancements In STATCOM Solutions For Improved Grid Stability And Renewable Energy Support

Major companies operating in the static synchronous compensator (STATCOM) market are focusing on developing innovative solutions, such as alternating current transmission systems, to enhance grid stability and power quality. An alternating current (AC) transmission system, which transmits electricity using alternating current over long distances, helps a static synchronous compensator (STATCOM) by providing a stable grid where the STATCOM can regulate voltage and improve power quality through rapid reactive power compensation. For instance, in August 2024, GE Vernova Inc., a US-based energy equipment manufacturing and services company, launched the FACTSFLEX GFMe, an advanced STATCOM solution that integrates supercapacitor-based energy storage to enhance grid stability and support the integration of renewable energy. The solution addresses the increasing challenges of voltage fluctuations and frequency disturbances caused by the intermittent nature of solar and wind energy. By providing virtual inertia and grid-forming capabilities, FACTSFLEX GFMe ensures reliable and efficient grid operations, particularly in regions with weaker infrastructure or high renewable penetration.

What Are Latest Mergers And Acquisitions In The Static Synchronous Compensator (STATCOM) Market? Renewable Energy Systems Acquires Ingeteam’s Renewable Service Division To Boost Clean Energy Support Capabilities

In March 2024, Renewable Energy Systems, a UK-based renewable energy company, acquired Ingeteam’s renewable service division for an undisclosed amount. With this acquisition, RES aims to create the world’s largest independent, technology-agnostic renewable energy services provider by expanding its operations, enhancing service capabilities across multiple renewable technologies, and accelerating the transition to a zero-carbon energy future. Ingeteam Power Technology, S.A. is a Spain-based electrical control equipment manufacturing company that provides static synchronous compensators.

What Is The Regional Outlook For The Global Static Synchronous Compensator (STATCOM) Market?

Asia-Pacific was the largest region in the static synchronous compensator (STATCOM) market in 2024. The regions covered in the static synchronous compensator (STATCOM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the static synchronous compensator (STATCOM) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Static Synchronous Compensator (STATCOM) Market?

The static synchronous compensator (STATCOM) market consists of revenues earned by entities by providing services such as reactive power compensation, voltage regulation, grid stability support, harmonic filtering, renewable energy integration support, transmission and distribution support, industrial power quality improvement, system design and engineering, installation and commissioning, and monitoring and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. The static synchronous compensator (STATCOM) market also includes sales of voltage source converters, control systems, digital controllers, transformers, harmonic filters, and spare parts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Static Synchronous Compensator (STATCOM) Industry?

The static synchronous compensator (STATCOM) market research report is one of a series of new reports from The Business Research Company that provides static synchronous compensator (STATCOM) market statistics, including the static synchronous compensator (STATCOM) industry global market size, regional shares, competitors with the static synchronous compensator (STATCOM) market share, detailed static synchronous compensator (STATCOM) market segments, market trends, and opportunities, and any further data you may need to thrive in the static synchronous compensator (STATCOM) industry. This static synchronous compensator (STATCOM) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Static Synchronous Compensator STATCOM Market Report Forecast Analysis
Report AttributeDetails
Market Size Value In 2025 $1.18 billion
Revenue Forecast In 2034 $1.66 billion
Growth Rate CAGR of 8.9% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered The static synchronous compensator (STATCOM) market covered in this report is segmented –
1) By Type: Low Voltage Static Synchronous Compensator (STATCOM), High Voltage Static Synchronous Compensator (STATCOM)
2) By Component: Power Electronics, Control Systems, Transformers, Filters, Protection Equipment
3) By Technology Type: Voltage Source Converter (VSC) Static Synchronous Compensator, Current Source Converter (CSC) Static Synchronous Compensator, Hybrid Static Synchronous Compensator
4) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
5) By End-User: Utility Providers, Industrial Sector, Renewable Energy Developers, Transportation Sector, Commercial Establishments Subsegments:
1) By Low Voltage Static Synchronous Compensator (STATCOM): Industrial Power Systems, Commercial Power Systems, Renewable Energy Integration, Data Centers, Urban Distribution Networks
2) By High Voltage Static Synchronous Compensator (STATCOM): Utility Transmission Grids, Renewable Energy Plants (Wind, Solar), Industrial Bulk Power Consumers, Smart Grid Infrastructure, Cross-Border Interconnections
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Mitsubishi Electric Corporation, Hitachi Energy Ltd., Siemens AG, General Electric Company (GE), ABB Ltd., Toshiba Corporation, Chint Group Corporation, Eaton Corporation plc, Bharat Heavy Electricals Limited (BHEL), Hyosung Heavy Industries Corporation, Sieyuan Electric Co. Ltd., CG Power and Industrial Solutions Limited, American Superconductor Corporation, LS Electric Co. Ltd., JEMA Energy S.A., HICO America, Merus Power Plc, NR Electric Co. Ltd., Comsys AB, ZDDQ Electric Co. Ltd.
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    Table Of Contents

    1. Executive Summary

    2. Static Synchronous Compensator (STATCOM) Market Characteristics

    3. Static Synchronous Compensator (STATCOM) Market Trends And Strategies

    4. Static Synchronous Compensator (STATCOM) Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

    5. Global Static Synchronous Compensator (STATCOM) Growth Analysis And Strategic Analysis Framework

    5.1. Global Static Synchronous Compensator (STATCOM) PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

    5.2. Analysis Of End Use Industries

    5.3. Global Static Synchronous Compensator (STATCOM) Market Growth Rate Analysis

    5.4. Global Static Synchronous Compensator (STATCOM) Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

    5.5. Global Static Synchronous Compensator (STATCOM) Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

    5.6. Global Static Synchronous Compensator (STATCOM) Total Addressable Market (TAM)

    6. Static Synchronous Compensator (STATCOM) Market Segmentation

    6.1. Global Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Low Voltage Static Synchronous Compensator (STATCOM)

    High Voltage Static Synchronous Compensator (STATCOM)

    6.2. Global Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Power Electronics

    Control Systems

    Transformers

    Filters

    Protection Equipment

    6.3. Global Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Voltage Source Converter (VSC) Static Synchronous Compensator

    Current Source Converter (CSC) Static Synchronous Compensator

    Hybrid Static Synchronous Compensator

    6.4. Global Static Synchronous Compensator (STATCOM) Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Original Equipment Manufacturer (OEM)

    Aftermarket

    6.5. Global Static Synchronous Compensator (STATCOM) Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Utility Providers

    Industrial Sector

    Renewable Energy Developers

    Transportation Sector

    Commercial Establishments

    6.6. Global Static Synchronous Compensator (STATCOM) Market, Sub-Segmentation Of Low Voltage Static Synchronous Compensator (STATCOM), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Industrial Power Systems

    Commercial Power Systems

    Renewable Energy Integration

    Data Centers

    Urban Distribution Networks

    6.7. Global Static Synchronous Compensator (STATCOM) Market, Sub-Segmentation Of High Voltage Static Synchronous Compensator (STATCOM), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Utility Transmission Grids

    Renewable Energy Plants (Wind, Solar)

    Industrial Bulk Power Consumers

    Smart Grid Infrastructure

    Cross-Border Interconnections

    7. Static Synchronous Compensator (STATCOM) Market Regional And Country Analysis

    7.1. Global Static Synchronous Compensator (STATCOM) Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    7.2. Global Static Synchronous Compensator (STATCOM) Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8. Asia-Pacific Static Synchronous Compensator (STATCOM) Market

    8.1. Asia-Pacific Static Synchronous Compensator (STATCOM) Market Overview

    Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8.3. Asia-Pacific Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8.4. Asia-Pacific Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    9. China Static Synchronous Compensator (STATCOM) Market

    9.1. China Static Synchronous Compensator (STATCOM) Market Overview

    9.2. China Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    9.3. China Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    9.4. China Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    10. India Static Synchronous Compensator (STATCOM) Market

    10.1. India Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    10.2. India Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    10.3. India Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11. Japan Static Synchronous Compensator (STATCOM) Market

    11.1. Japan Static Synchronous Compensator (STATCOM) Market Overview

    11.2. Japan Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11.3. Japan Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11.4. Japan Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12. Australia Static Synchronous Compensator (STATCOM) Market

    12.1. Australia Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12.2. Australia Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12.3. Australia Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13. Indonesia Static Synchronous Compensator (STATCOM) Market

    13.1. Indonesia Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13.2. Indonesia Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13.3. Indonesia Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14. South Korea Static Synchronous Compensator (STATCOM) Market

    14.1. South Korea Static Synchronous Compensator (STATCOM) Market Overview

    14.2. South Korea Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14.3. South Korea Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14.4. South Korea Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15. Western Europe Static Synchronous Compensator (STATCOM) Market

    15.1. Western Europe Static Synchronous Compensator (STATCOM) Market Overview

    15.2. Western Europe Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15.3. Western Europe Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15.4. Western Europe Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16. UK Static Synchronous Compensator (STATCOM) Market

    16.1. UK Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16.2. UK Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16.3. UK Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17. Germany Static Synchronous Compensator (STATCOM) Market

    17.1. Germany Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17.2. Germany Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17.3. Germany Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18. France Static Synchronous Compensator (STATCOM) Market

    18.1. France Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18.2. France Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18.3. France Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19. Italy Static Synchronous Compensator (STATCOM) Market

    19.1. Italy Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19.2. Italy Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19.3. Italy Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20. Spain Static Synchronous Compensator (STATCOM) Market

    20.1. Spain Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20.2. Spain Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20.3. Spain Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21. Eastern Europe Static Synchronous Compensator (STATCOM) Market

    21.1. Eastern Europe Static Synchronous Compensator (STATCOM) Market Overview

    21.2. Eastern Europe Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21.3. Eastern Europe Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21.4. Eastern Europe Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22. Russia Static Synchronous Compensator (STATCOM) Market

    22.1. Russia Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22.2. Russia Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22.3. Russia Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23. North America Static Synchronous Compensator (STATCOM) Market

    23.1. North America Static Synchronous Compensator (STATCOM) Market Overview

    23.2. North America Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23.3. North America Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23.4. North America Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24. USA Static Synchronous Compensator (STATCOM) Market

    24.1. USA Static Synchronous Compensator (STATCOM) Market Overview

    24.2. USA Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24.3. USA Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24.4. USA Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25. Canada Static Synchronous Compensator (STATCOM) Market

    25.1. Canada Static Synchronous Compensator (STATCOM) Market Overview

    25.2. Canada Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25.3. Canada Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25.4. Canada Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26. South America Static Synchronous Compensator (STATCOM) Market

    26.1. South America Static Synchronous Compensator (STATCOM) Market Overview

    26.2. South America Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26.3. South America Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26.4. South America Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27. Brazil Static Synchronous Compensator (STATCOM) Market

    27.1. Brazil Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27.2. Brazil Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27.3. Brazil Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28. Middle East Static Synchronous Compensator (STATCOM) Market

    28.1. Middle East Static Synchronous Compensator (STATCOM) Market Overview

    28.2. Middle East Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28.3. Middle East Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28.4. Middle East Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29. Africa Static Synchronous Compensator (STATCOM) Market

    29.1. Africa Static Synchronous Compensator (STATCOM) Market Overview

    29.2. Africa Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29.3. Africa Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29.4. Africa Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    30. Static Synchronous Compensator (STATCOM) Market Competitive Landscape And Company Profiles

    30.1. Static Synchronous Compensator (STATCOM) Market Competitive Landscape

    30.2. Static Synchronous Compensator (STATCOM) Market Company Profiles

    30.2.1. Mitsubishi Electric Corporation Overview, Products and Services, Strategy and Financial Analysis

    30.2.2. Hitachi Energy Ltd. Overview, Products and Services, Strategy and Financial Analysis

    30.2.3. Siemens AG Overview, Products and Services, Strategy and Financial Analysis

    30.2.4. General Electric Company (GE) Overview, Products and Services, Strategy and Financial Analysis

    30.2.5. ABB Ltd. Overview, Products and Services, Strategy and Financial Analysis

    31. Static Synchronous Compensator (STATCOM) Market Other Major And Innovative Companies

    31.1. Toshiba Corporation

    31.2. Chint Group Corporation

    31.3. Eaton Corporation plc

    31.4. Bharat Heavy Electricals Limited (BHEL)

    31.5. Hyosung Heavy Industries Corporation

    31.6. Sieyuan Electric Co. Ltd.

    31.7. CG Power and Industrial Solutions Limited

    31.8. American Superconductor Corporation

    31.9. LS Electric Co. Ltd.

    31.10. JEMA Energy S.A.

    31.11. HICO America

    31.12. Merus Power Plc

    31.13. NR Electric Co. Ltd.

    31.14. Comsys AB

    31.15. ZDDQ Electric Co. Ltd.

    32. Global Static Synchronous Compensator (STATCOM) Market Competitive Benchmarking And Dashboard

    33. Key Mergers And Acquisitions In The Static Synchronous Compensator (STATCOM) Market

    34. Recent Developments In The Static Synchronous Compensator (STATCOM) Market

    35. Static Synchronous Compensator (STATCOM) Market High Potential Countries, Segments and Strategies

    35.1 Static Synchronous Compensator (STATCOM) Market In 2029 - Countries Offering Most New Opportunities

    35.2 Static Synchronous Compensator (STATCOM) Market In 2029 - Segments Offering Most New Opportunities

    35.3 Static Synchronous Compensator (STATCOM) Market In 2029 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Static Synchronous Compensator (STATCOM) Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Static Synchronous Compensator (STATCOM) Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Static Synchronous Compensator (STATCOM) Market, Sub-Segmentation Of Low Voltage Static Synchronous Compensator (STATCOM), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Static Synchronous Compensator (STATCOM) Market, Sub-Segmentation Of High Voltage Static Synchronous Compensator (STATCOM), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Static Synchronous Compensator (STATCOM) Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Static Synchronous Compensator (STATCOM) Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: Mitsubishi Electric Corporation Financial Performance
  • Table 79: Hitachi Energy Ltd. Financial Performance
  • Table 80: Siemens AG Financial Performance
  • Table 81: General Electric Company (GE) Financial Performance
  • Table 82: ABB Ltd. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Static Synchronous Compensator (STATCOM) Market, Segmentation By Distribution Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Static Synchronous Compensator (STATCOM) Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Static Synchronous Compensator (STATCOM) Market, Sub-Segmentation Of Low Voltage Static Synchronous Compensator (STATCOM), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Static Synchronous Compensator (STATCOM) Market, Sub-Segmentation Of High Voltage Static Synchronous Compensator (STATCOM), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Static Synchronous Compensator (STATCOM) Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Static Synchronous Compensator (STATCOM) Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Static Synchronous Compensator (STATCOM) Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Static Synchronous Compensator (STATCOM) Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Static Synchronous Compensator (STATCOM) Market, Segmentation By Technology Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: Mitsubishi Electric Corporation Financial Performance
  • Figure 79: Hitachi Energy Ltd. Financial Performance
  • Figure 80: Siemens AG Financial Performance
  • Figure 81: General Electric Company (GE) Financial Performance
  • Figure 82: ABB Ltd. Financial Performance

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Frequently Asked Questions

What is the definition of the Static Synchronous Compensator STATCOM market?

A Static synchronous compensator (STATCOM) is a power electronic device used in electrical power systems to regulate voltage and improve stability by rapidly injecting or absorbing reactive power. It connects in shunt with the power system and uses voltage-source converters to generate a controllable AC voltage, which helps maintain the desired voltage level, improve power factor, and enhance overall system reliability. STATCOMs respond quickly and efficiently to changes in the grid, making them essential for modern power quality and voltage control. For further insights on the Static Synchronous Compensator STATCOM market, request a sample here

How will the Static Synchronous Compensator STATCOM market drivers and restraints affect the market dynamics? What forces will shape the Static Synchronous Compensator STATCOM industry going forward?

The Static Synchronous Compensator STATCOM market major growth driver - Growing Renewable Energy Demand Is Fueling The Market Growth Due To Enhance Grid Stability And Power Quality Needs. For further insights on the Static Synchronous Compensator STATCOM market, request a sample here

What is the forecast market size or the forecast market value of the Static Synchronous Compensator STATCOM market?

The Static Synchronous Compensator STATCOM market size has grown strongly in recent years. The static synchronous compensator (statcom) market size has grown strongly in recent years. It will grow from $1.08 billion in 2024 to $1.18 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to increasing need for voltage regulation, rising investments in smart grid technologies, increasing adoption of power electronics, rise in government initiatives for grid modernization, and increasing urbanization and industrial growth. The static synchronous compensator (statcom) market size is expected to see strong growth in the next few years. It will grow to $1.66 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to growing demand for voltage stability, rising investments in energy storage integration, growing focus on reducing transmission losses, increasing need for real-time grid monitoring and control, and rising investments in smart grid technologies. Major trends in the forecast period include advancement in modular statcom designs, advanced power electronics integration, innovation in real-time grid monitoring, integration with energy storage systems, and advancement in cooling technologies. For further insights on the Static Synchronous Compensator STATCOM market, request a sample here

How is the Static Synchronous Compensator STATCOM market segmented?

The static synchronous compensator (STATCOM) market covered in this report is segmented –
1) By Type: Low Voltage Static Synchronous Compensator (STATCOM), High Voltage Static Synchronous Compensator (STATCOM)
2) By Component: Power Electronics, Control Systems, Transformers, Filters, Protection Equipment
3) By Technology Type: Voltage Source Converter (VSC) Static Synchronous Compensator, Current Source Converter (CSC) Static Synchronous Compensator, Hybrid Static Synchronous Compensator
4) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
5) By End-User: Utility Providers, Industrial Sector, Renewable Energy Developers, Transportation Sector, Commercial Establishments

Subsegments:
1) By Low Voltage Static Synchronous Compensator (STATCOM): Industrial Power Systems, Commercial Power Systems, Renewable Energy Integration, Data Centers, Urban Distribution Networks
2) By High Voltage Static Synchronous Compensator (STATCOM): Utility Transmission Grids, Renewable Energy Plants (Wind, Solar), Industrial Bulk Power Consumers, Smart Grid Infrastructure, Cross-Border Interconnections For further insights on the Static Synchronous Compensator STATCOM market, request a sample here

Which region has the largest share of the Static Synchronous Compensator STATCOM market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the static synchronous compensator (STATCOM) market in 2024. The regions covered in the static synchronous compensator (STATCOM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the Static Synchronous Compensator STATCOM market, request a sample here.

Who are the major players in the Static Synchronous Compensator STATCOM market?

Major companies operating in the static synchronous compensator (STATCOM) market are Mitsubishi Electric Corporation, Hitachi Energy Ltd., Siemens AG, General Electric Company (GE), ABB Ltd., Toshiba Corporation, Chint Group Corporation, Eaton Corporation plc, Bharat Heavy Electricals Limited (BHEL), Hyosung Heavy Industries Corporation, Sieyuan Electric Co. Ltd., CG Power and Industrial Solutions Limited, American Superconductor Corporation, LS Electric Co. Ltd., JEMA Energy S.A., HICO America, Merus Power Plc, NR Electric Co. Ltd., Comsys AB, ZDDQ Electric Co. Ltd. . For further insights on the Static Synchronous Compensator STATCOM market, request a sample here.

What are the key trends in the Static Synchronous Compensator STATCOM market?

Major trends in the Static Synchronous Compensator STATCOM market include Advancements In STATCOM Solutions For Improved Grid Stability And Renewable Energy Support. For further insights on the Static Synchronous Compensator STATCOM market, request a sample here.

What are the major opportunities in the Static Synchronous Compensator STATCOM market? What are the strategies for the Static Synchronous Compensator STATCOM market?

For detailed insights on the major opportunities and strategies in the Static Synchronous Compensator STATCOM market, request a sample here.

How does the Static Synchronous Compensator STATCOM market relate to the overall economy and other similar markets?

For detailed insights on Static Synchronous Compensator STATCOM's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the Static Synchronous Compensator STATCOM industry?

For detailed insights on the mergers and acquisitions in the Static Synchronous Compensator STATCOM industry, request a sample here.

What are the key dynamics influencing the Static Synchronous Compensator STATCOM market growth? SWOT analysis of the Static Synchronous Compensator STATCOM market.

For detailed insights on the key dynamics influencing the Static Synchronous Compensator STATCOM market growth and SWOT analysis of the Static Synchronous Compensator STATCOM industry, request a sample here.