The global STATCOM market size was valued at USD 714.35 million in 2025. The market is projected to grow from USD 754.82 million in 2026 to USD 1,257.33 million by 2034, exhibiting a CAGR of 6.59% during the forecast period. Asia Pacific dominated the global market with a share of 34.24% in 2025.
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The global STATCOM Market is segmented by rated power into low power STATCOM (less than 20 MVar), medium power STATCOM (20–100 MVar), and high power STATCOM (greater than 100 MVar), with medium power STATCOM anticipated to hold a dominant share in 2026 due to its extensive use in voltage stabilization and reactive power support across utility transmission and distribution networks. By end-user, the market is categorized into utility, steel manufacturing, renewable energy, mining, hydrogen power plants, and others, where the utility sector leads the STATCOM Market owing to rising installations for grid voltage regulation and reactive power optimization as networks modernize and expand. The STATCOM Market continues to evolve as renewable energy penetration and grid reliability requirements drive demand for dynamic reactive power compensation solutions.
• GE
• ABB
• Siemens
• Hitachi Energy
The STATCOM Market is projected to grow from approximately USD 754.82 million in 2026, expanding at a CAGR of around 6.59% through the forecast period up to 2034, driven by accelerating demand for reactive power control, voltage stabilization in expanding transmission networks, smart grid developments, and rapid renewable energy integration that necessitates advanced power electronic solutions. The STATCOM Market’s steady growth reflects ongoing investments in grid infrastructure upgrades, electrification projects, and reactive power management technologies to support resilient and efficient power systems.
Despite positive growth prospects, the STATCOM Market faces restraining factors including high upfront costs for STATCOM installations and complex operational and integration requirements, which can deter smaller utilities and industrial operators from rapid adoption. These cost and complexity challenges are compounded by the need for skilled technical expertise to integrate STATCOM systems into legacy grids and to maintain advanced power electronics safely and efficiently.
Regionally, Asia Pacific dominates the STATCOM Market with the largest share in 2025 and continues to lead in 2026, supported by rapid expansion of renewable energy installations, grid modernization initiatives, and growing electricity consumption across China, India, Japan, and South Korea. North America follows with significant growth driven by smart grid investment, voltage regulation requirements, and renewable integration, while Europe maintains a strong presence through grid stabilization projects and regulatory support for FACTS devices to improve power quality and system reliability. The regional dynamics of the STATCOM Market highlight emerging opportunities in key developing power grids and continued demand in mature markets seeking advanced reactive power solutions.