STATCOM Market Size, Share & Trends Analysis Report By Rated Capacity (0-20 MVAR, 20-100 MVAR, More Than 100 MVAR), By End Use (Utility, Steel Manufacturing, Mining, Renewable Energy, Hydrogen Power Plant), By Region, And Segment Forecasts, 2026

The global STATCOM market size was estimated at USD 1.26 billion in 2025, and is projected to reach USD 2.69 billion by 2033, growing at a CAGR of 10.5% from 2026 to 2033. The market is being significantly driven by the rapid integration of renewable energy sources into global power grids.

Increasing dominance of wind and solar power in the global energy mix is creating heightened challenges for utilities, including voltage fluctuations, reduced system inertia, and reactive power imbalances. STATCOM systems play an essential role in addressing these challenges by providing rapid, dynamic voltage regulation and enhancing grid stability under variable operating conditions. Rising investments in grid modernization, renewable interconnection infrastructure, and stricter grid code compliance are further boosting demand for STATCOM solutions across both developed and emerging markets. STATCOMs play a critical role in mitigating these challenges by providing fast, dynamic reactive power support, ensuring grid code compliance such as Low Voltage Ride Through (LVRT), and maintaining power quality. Countries such as India, China, and Germany are leading in the adoption of STATCOMs in solar and wind projects, reflecting a broader global shift toward grid-connected renewable energy stabilization.

Another major trend is the ongoing modernization of aging transmission and distribution infrastructure. Utilities across North America, Europe, and parts of Asia-Pacific are investing in grid resiliency and smart grid technologies to cope with growing demand, distributed generation, and changing load profiles. STATCOMs are increasingly deployed at substations and critical grid nodes to ensure voltage stability, minimize transmission losses, and enhance the overall reliability of the grid. These devices are especially valuable in weak grids or remote areas where voltage regulation is critical but challenging through traditional mechanical systems.

The market is also experiencing growth due to the expansion of industrial applications, particularly in sectors such as steel manufacturing, mining, and cement. Heavy industrial processes are known for causing significant voltage dips and harmonic distortion due to their large, fluctuating power demands. STATCOMs, especially medium-power systems, are being deployed to provide flicker mitigation, power factor correction, and voltage stabilization, resulting in improved operational efficiency and reduced energy costs. As industrial automation and electrification intensify in emerging economies, demand for STATCOM solutions in these sectors is expected to rise steadily.

Another trend driving the expansion of the STATCOM market is the rise of green hydrogen and energy storage projects. As governments and companies invest in hydrogen electrolyzer plants and hybrid systems (e.g., STATCOM + BESS), there is a growing need for power electronics devices that can stabilize load and supply-side fluctuations. STATCOMs are well-positioned to support the power quality needs of electrolyzers and help integrate them into the grid without creating instability. This emerging use case, although currently small in volume, is projected to grow significantly, especially in Europe, Japan, and the Middle East.

The market is also benefiting from technological advancements in STATCOM design, including the adoption of modular multilevel converters (MMC) and compact containerized systems. These innovations are making STATCOMs more flexible, scalable, and suitable for deployment in space-constrained or mobile environments such as offshore wind platforms or mining sites. The integration of digital monitoring and predictive maintenance tools is also enhancing system performance and uptime.

Global STATCOM Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global STATCOM market report based on rated capacity, end use, and region.

Rated Capacity Outlook (Revenue, USD Billion, 2021 - 2033)
0-20 MVAR
20-100 MVAR
More than 100 MVAR
End Use Outlook (Revenue, USD Billion, 2021 - 2033)
Utility
Steel Manufacturing
Mining
Renewable Energy
Hydrogen Power Plant
Others
Regional Outlook (Revenue, USD Billion, 2021 - 2033)
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
Latin America
- Brazil
Middle East and Africa (MEA)
- KSA
- UAE
- South Africa

Product Code: GVR-4-68040-805-0

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Research Methodology
- 1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. Country Based Segment Share Calculation
1.8. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. STATCOM Market Variables, Trends, & Scope

3.1. Market Lineage Outlook
3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
3.3. STATCOM Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
  - 3.3.1.1. Bargaining power of the suppliers
  - 3.3.1.2. Bargaining power of the buyers
  - 3.3.1.3. Threats of substitution
  - 3.3.1.4. Threats from new entrants
  - 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
  - 3.3.2.1. Political landscape
  - 3.3.2.2. Economic landscape
  - 3.3.2.3. Social landscape
  - 3.3.2.4. Technological landscape
  - 3.3.2.5. Environmental landscape
  - 3.3.2.6. Legal landscape

Chapter 4. STATCOM Market: Rated Capacity Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. STATCOM Market: Rated Capacity Movement Analysis, 2025 & 2033 (USD Million)
4.3. 0-20 MVAR
- 4.3.1. 0-20 MVAR Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
4.4. 20-100 MVAR
- 4.4.1. 20-100 MVAR Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
4.5. More than 100 MVAR
- 4.5.1. More than 100 MVAR Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)

Chapter 5. STATCOM Market: End Use Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. STATCOM Market: End Use Movement Analysis, 2025 & 2033 (USD Million)
5.3. Utility
- 5.3.1. Manufacturing Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
5.4. Steel Manufacturing
- 5.4.1. Steel Manufacturing Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
5.5. Mining
- 5.5.1. Mining Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
5.6. Renewable Energy
- 5.6.1. Renewable Energy Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
5.7. Hydrogen Power Plant
- 5.7.1. Hydrogen Power Plant Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
5.8. Others
- 5.8.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)

Chapter 6. STATCOM Market: Regional Estimates & Trend Analysis

6.1. STATCOM Market Share, By Region, 2025 & 2033 (USD Million)
6.2. North America
- 6.2.1. North America STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.2.2. U.S.
  - 6.2.2.1. U.S. STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.2.3. Canada
  - 6.2.3.1. Canada STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.2.4. Mexico
  - 6.2.4.1. Mexico STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
6.3. Europe
- 6.3.1. Europe STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.2. UK
  - 6.3.2.1. UK STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.3. Germany
  - 6.3.3.1. Germany STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.4. France
  - 6.3.4.1. France STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
6.4. Asia Pacific
- 6.4.1. Asia Pacific STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4.2. China
  - 6.4.2.1. China STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4.3. Japan
  - 6.4.3.1. Japan STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4.4. India
  - 6.4.4.1. India STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4.5. South Korea
  - 6.4.5.1. South Korea STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4.6. Australia
  - 6.4.6.1. Australia STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
6.5. Latin America
- 6.5.1. Latin America STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.5.2. Brazil
  - 6.5.2.1. Brazil STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
6.6. Middle East and Africa
- 6.6.1. Middle East and Africa STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.6.2. UAE
  - 6.6.2.1. UAE STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.6.3. KSA
  - 6.6.3.1. KSA STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.6.4. South Africa
  - 6.6.4.1. South Africa STATCOM Market Estimates and Forecasts, 2021 - 2033 (USD Million)

Chapter 7. Competitive Landscape

7.1. Company Categorization
7.2. Company Market Positioning
7.3. Company Heat Map Analysis
7.4. Company Profiles/Listing
- 7.4.1. GE Grid Solutions, LLC
  - 7.4.1.1. Participant's Overview
  - 7.4.1.2. Financial Performance
  - 7.4.1.3. Product Benchmarking
  - 7.4.1.4. Strategic Initiatives
- 7.4.2. Ingeteam
  - 7.4.2.1. Participant's Overview
  - 7.4.2.2. Financial Performance
  - 7.4.2.3. Product Benchmarking
  - 7.4.2.4. Strategic Initiatives
- 7.4.3. ABB
  - 7.4.3.1. Participant's Overview
  - 7.4.3.2. Financial Performance
  - 7.4.3.3. Product Benchmarking
  - 7.4.3.4. Strategic Initiatives
- 7.4.4. Siemens
  - 7.4.4.1. Participant's Overview
  - 7.4.4.2. Financial Performance
  - 7.4.4.3. Product Benchmarking
  - 7.4.4.4. Strategic Initiatives
- 7.4.5. Nidec Conversion
  - 7.4.5.1. Participant's Overview
  - 7.4.5.2. Financial Performance
  - 7.4.5.3. Product Benchmarking
  - 7.4.5.4. Strategic Initiatives
- 7.4.6. Hitachi Energy Ltd
  - 7.4.6.1. Participant's Overview
  - 7.4.6.2. Financial Performance
  - 7.4.6.3. Product Benchmarking
  - 7.4.6.4. Strategic Initiatives
- 7.4.7. Mitsubishi Electric Corporation
  - 7.4.7.1. Participant's Overview
  - 7.4.7.2. Financial Performance
  - 7.4.7.3. Product Benchmarking
  - 7.4.7.4. Strategic Initiatives
- 7.4.8. JEMA Energy
  - 7.4.8.1. Participant's Overview
  - 7.4.8.2. Financial Performance
  - 7.4.8.3. Product Benchmarking
  - 7.4.8.4. Strategic Initiatives
- 7.4.9. American Superconductor
  - 7.4.9.1. Participant's Overview
  - 7.4.9.2. Financial Performance
  - 7.4.9.3. Product Benchmarking
  - 7.4.9.4. Strategic Initiatives
- 7.4.10. HYOSUNG HEAVY INDUSTRIES
  - 7.4.10.1. Participant's Overview
  - 7.4.10.2. Financial Performance
  - 7.4.10.3. Product Benchmarking
  - 7.4.10.4. Strategic Initiatives

Product Code: GVR-4-68040-805-0

List of Tables

Table 1 Global STATCOM Market size estimates & forecasts, 2021 - 2033 (USD Million)
Table 2 Global STATCOM Market, by region, 2021 - 2033 (USD Million)
Table 3 Global STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 4 Global STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 5 0-20 MVAR market, by region, 2021 - 2033 (USD Million)
Table 6 20-100 MVAR market, by region, 2021 - 2033 (USD Million)
Table 7 More than 100 MVAR market, by region, 2021 - 2033 (USD Million)
Table 8 Utility market, by region, 2021 - 2033 (USD Million)
Table 9 Steel Manufacturing market, by region, 2021 - 2033 (USD Million)
Table 10 Mining market, by region, 2021 - 2033 (USD Million)
Table 11 Renewable Energy market, by region, 2021 - 2033 (USD Million)
Table 12 Hydrogen Power Plant market, by region, 2021 - 2033 (USD Million)
Table 13 Others market, by region, 2021 - 2033 (USD Million)
Table 14 North America STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 15 North America STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 16 U.S. STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 17 U.S. STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 18 Canada STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 19 Canada STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 20 Mexico STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 21 Mexico STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 22 Europe STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 23 Europe STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 24 UK STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 25 UK STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 26 Germany STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 27 Germany STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 28 France STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 29 France STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 30 Asia Pacific STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 31 Asia Pacific STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 32 China STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 33 China STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 34 India STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 35 India STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 36 Japan STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 37 Japan STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 38 Australia STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 39 Australia STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 40 South Korea STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 41 South Korea STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 42 Latin America STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 43 Latin America STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 44 Brazil STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 45 Brazil STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 46 Middle East and Africa STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 47 Middle East and Africa STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 48 UAE STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 49 UAE STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 50 KSA STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 51 KSA STATCOM Market, by End Use, 2021 - 2033 (USD Million)
Table 52 South Africa STATCOM Market, by Rated Capacity, 2021 - 2033 (USD Million)
Table 53 South Africa STATCOM Market, by End Use, 2021 - 2033 (USD Million)

List of Figures

Fig. 1 STATCOM Market segmentation
Fig. 2 Market research Deployment
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value chain-based sizing & forecasting
Fig. 7 Parent market analysis
Fig. 8 Market formulation & validation
Fig. 9 STATCOM Market snapshot
Fig. 10 STATCOM Market segment snapshot
Fig. 11 STATCOM Market competitive landscape snapshot
Fig. 12 Market research Deployment
Fig. 13 Market driver relevance analysis (Current & future impact)
Fig. 14 Market restraint relevance analysis (Current & future impact)
Fig. 15 STATCOM Market: Rated Capacity outlook key takeaways (USD Million)
Fig. 16 STATCOM Market: Rated Capacity movement analysis, 2025 & 2033 (USD Million)
Fig. 17 0-20 MVAR market revenue estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 18 20-100 MVAR STATCOM market revenue estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 19 More than 100 MVAR market revenue estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 20 STATCOM Market: End Use outlook key takeaways (USD Million)
Fig. 21 STATCOM Market: End Use movement analysis, 2025 & 2033 (USD Million)
Fig. 22 Utility market revenue estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 23 Steel Manufacturing market revenue estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 24 Mining market revenue estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 25 Renewable Energy market revenue estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 26 Hydrogen Power Plant market revenue estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 27 Others market revenue estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 28 Regional marketplace: Key takeaways
Fig. 29 STATCOM Market: Regional outlook, 2025 & 2033 (USD Million)
Fig. 30 North America STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 31 U.S. STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 32 Canada STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 33 Mexico STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 34 Europe STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 35 UK STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 36 Germany STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 37 France STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 38 Asia Pacific STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 39 Japan STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 40 China STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 41 India STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 42 Australia STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 43 South Korea STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 44 Latin America STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 45 Brazil STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 46 Middle East and Africa STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 47 KSA STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 48 UAE STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 49 South Africa STATCOM Market estimates and forecasts, 2021 - 2033 (USD Million)
Fig. 50 Strategy framework
Fig. 51 Company Categorization

STATCOM Market Size, Share & Trends Analysis Report By Rated Capacity (0-20 MVAR, 20-100 MVAR, More Than 100 MVAR), By End Use (Utility, Steel Manufacturing, Mining, Renewable Energy, Hydrogen Power Plant), By Region, And Segment Forecasts, 2026 - 2033

Description

Table of Contents

List of Tables

STATCOM Market Summary

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. STATCOM Market Variables, Trends, & Scope

Chapter 4. STATCOM Market: Rated Capacity Estimates & Trend Analysis

Chapter 5. STATCOM Market: End Use Estimates & Trend Analysis

Chapter 6. STATCOM Market: Regional Estimates & Trend Analysis

Chapter 7. Competitive Landscape

List of Tables

List of Figures