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STATCOM Market Size, Share & Industry Analysis, By Rated Power (Low Power STATCOM, Medium Power STATCOM, and High Power STATCOM), By End-User (Utility, Steel Manufacturing, Renewable Energy, Mining, Hydrogen Power Plant, and Others), and Regional Forecast, 2025-2032

Last Updated: February 17, 2025 | Format: PDF | Report ID: FBI102160

 

  1. Introduction
    1. Research Scope
    2. Market Segmentation
    3. Research Methodology
    4. Definitions & Assumptions
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  1. Introduction
    1. Research Scope
    2. Market Segmentation
    3. Research Methodology
    4. Definitions & Assumptions
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
    2. Market Restraints
    3. Market Opportunities
  4. Key Insights
    1. Key Emerging Trends – For Major Countries
    2. Latest Technological Advancement
    3. Insight on Regulatory Landscape
    4. Porters Five Forces Analysis
    5. Impact of COVID-19 on the Global STATCOM Market
  5. Global STATCOM Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
    1. Key Findings
    2. Market Analysis, Insights and Forecast – By Rated Power
      1. Low Power STATCOM (less than 20 MVar)
      2. Medium Power STATCOM (20-100 MVar)
      3. High Power STATCOM (Greater than 100 MVar)
    3. Market Analysis, Insights and Forecast – By End-User
      1. Utility
      2. Steel Manufacturing
      3. Renewable Energy
      4. Mining
      5. Hydrogen Power Plant
      6. Others
    4. Market Analysis, Insights and Forecast – By Region
      1. North America
      2. Europe
      3. Asia Pacific
      4. Latin America
      5. Middle East & Africa
  6. North America STATCOM Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
    1. Key Findings
    2. Market Analysis, Insights and Forecast – By Rated Power
      1. Low Power STATCOM (less than 20 MVar)
      2. Medium Power STATCOM (20-100 MVar)
      3. High Power STATCOM (Greater than 100 MVar)
    3. Market Analysis, Insights and Forecast – By End-User
      1. Utility
      2. Steel Manufacturing
      3. Renewable Energy
      4. Mining
      5. Hydrogen Power Plant
      6. Others
    4. Market Analysis, Insights and Forecast – By Country
      1. U.S. Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
      2. Canada Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
  7. Europe STATCOM Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
    1. Key Findings
    2. Market Analysis, Insights and Forecast – By Rated Power
      1. Low Power STATCOM (less than 20 MVar)
      2. Medium Power STATCOM (20-100 MVar)
      3. High Power STATCOM (Greater than 100 MVar)
    3. Market Analysis, Insights and Forecast – By End-User
      1. Utility
      2. Steel Manufacturing
      3. Renewable Energy
      4. Mining
      5. Hydrogen Power Plant
      6. Others
    4. Market Analysis, Insights and Forecast – By Country
      1. UK Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
      2. Germany Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
      3. Russia Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
      4. France Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
      5. Italy Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
      6. Rest of Europe Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
  8. Asia Pacific STATCOM Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
    1. Key Findings
    2. Market Analysis, Insights and Forecast – By Rated Power
      1. Low Power STATCOM (less than 20 MVar)
      2. Medium Power STATCOM (20-100 MVar)
      3. High Power STATCOM (Greater than 100 MVar)
    3. Market Analysis, Insights and Forecast – By End-User
      1. Utility
      2. Steel Manufacturing
      3. Renewable Energy
      4. Mining
      5. Hydrogen Power Plant
      6. Others
    4. Market Analysis, Insights and Forecast – By Country
      1. Japan Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
      2. China Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
      3. India Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
      4. Australia Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
      5. Rest of Asia pacific Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
  9. Latin America STATCOM Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
    1. Key Findings
    2. Market Analysis, Insights and Forecast – By Rated Power
      1. Low Power STATCOM (less than 20 MVar)
      2. Medium Power STATCOM (20-100 MVar)
      3. High Power STATCOM (Greater than 100 MVar)
    3. Market Analysis, Insights and Forecast – By End-User
      1. Utility
      2. Steel Manufacturing
      3. Renewable Energy
      4. Mining
      5. Hydrogen Power Plant
      6. Others
    4. Market Analysis, Insights and Forecast – By Country
      1. Brazil Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
      2. Mexico Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6.  Others
      3. Rest of Latin America Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
  10. Middle East & Africa STATCOM Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
    1. Key Findings
    2. Market Analysis, Insights and Forecast – By Rated Power
      1. Low Power STATCOM (less than 20 MVar)
      2. Medium Power STATCOM (20-100 MVar)
      3. High Power STATCOM (Greater than 100 MVar)
    3. Market Analysis, Insights and Forecast – By End-User
      1. Utility
      2. Steel Manufacturing
      3. Renewable Energy
      4. Mining
      5. Hydrogen Power Plant
      6. Others
    4. Market Analysis, Insights and Forecast – By Country
      1. GCC Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
      2. Rest of Middle East & Africa Market Analysis, Insights, and Forecast – By End-User
        1. Utility
        2. Steel Manufacturing
        3. Renewable Energy
        4. Mining
        5. Hydrogen Power Plant
        6. Others
  11. Competitive Analysis
    1. Company Market Share Analysis, 2024
    2. Company Profile
      1. GE
        1. Business Overview
        2. Product Application, & Services
        3. Recent Developments
        4. Financials (Based on Availability)
      2. ABB
        1. Business Overview
        2. Product Application, & Services
        3. Recent Developments
        4. Financials (Based on Availability)
      3. Ingeteam SA
        1. Business Overview
        2. Product Application, & Services
        3. Recent Developments
        4. Financials (Based on Availability)
      4. Siemens
        1. Business Overview
        2. Product Application, & Services
        3. Recent Developments
        4. Financials (Based on Availability)
      5. NIDEC
        1. Business Overview
        2. Product Application, & Services
        3. Recent Developments
        4. Financials (Based on Availability)
      6. Hitachi Energy
        1. Business Overview
        2. Product Application, & Services
        3. Recent Developments
        4. Financials (Based on Availability)
      7. Hyosung Heavy Industries Corporation
        1. Business Overview
        2. Product Application, & Services
        3. Recent Developments
        4. Financials (Based on Availability)
      8. Jema Energy
        1. Business Overview
        2. Product Application, & Services
        3. Recent Developments
        4. Financials (Based on Availability)
      9. Mitsubishi Electric
        1. Business Overview
        2. Product Application, & Services
        3. Recent Developments
        4. Financials (Based on Availability)
      10. Sieyuan
        1. Business Overview
        2. Product Application, & Services
        3. Recent Developments
        4. Financials (Based on Availability)
      11. American Superconductor
        1. Business Overview
        2. Product Application, & Services
        3. Recent Developments
        4. Financials (Based on Availability)
      12. Rongxin Power LTD (PXHK)
        1. Business Overview
        2. Product Application, & Services
        3. Recent Developments
        4. Financials (Based on Availability)
      13. NR Electric Co., LTD
        1. Business Overview
        2. Product Application, & Services
        3. Recent Developments
        4. Financials (Based on Availability)
Read Less

Figure 1: Global STATCOM Market Revenue Breakdown (USD million, %) by Region, 2024 & 2032

Figure 2: Global STATCOM Market Value Share (%), By Rated Power, 2024 & 2032

Figure 3: Global STATCOM Market Forecast (USD Million), by Low Power STATCOM (less than 20 MVar), 2019-2032

Figure 4: Global STATCOM Market Forecast (USD Million), by Medium Power STATCOM (20-100 MVar), 2019-2032

Figure 5: Global STATCOM Market Forecast (USD Million), by High Power STATCOM (Greater than 100 MVar), 2019-2032

Figure 6: Global STATCOM Market Value Share (%), By End-User, 2024 & 2032

Figure 7: Global STATCOM Market Forecast (USD Million), By Utility, 2019-2032

Figure 8: Global STATCOM Market Forecast (USD Million), by Steel Manufacturing, 2019-2032

Figure 9: Global STATCOM Market Forecast (USD Million), by Renewable Energy, 2019-2032

Figure 10: Global STATCOM Market Forecast (USD Million), by Mining, 2019-2032

Figure 11: Global STATCOM Market Forecast (USD Million), by Hydrogen Plant, 2019-2032

Figure 12: Global STATCOM Market Forecast (USD Million), by Others, 2019-2032

Figure 13: Global STATCOM Market Value (USD Million), by Region, 2024 & 2032

Figure 14: Global STATCOM Market Value Share (%), by Region, 2024

Figure 15: North America STATCOM Market Value Share (%), By Rated Power, 2024 & 2032

Figure 16: North America STATCOM Market Forecast (USD Million), by Low Power STATCOM (less than 20 MVar), 2019-2032

Figure 17: North America STATCOM Market Forecast (USD Million), by Medium Power STATCOM (20-100 MVar), 2019-2032

Figure 18: North America STATCOM Market Forecast (USD Million), by High Power STATCOM (Greater than 100 MVar), 2019-2032

Figure 19: North America STATCOM Market Value Share (%), By End-User, 2024 & 2032

Figure 20: North America STATCOM Market Forecast (USD Million), By Utility, 2019-2032

Figure 21: North America STATCOM Market Forecast (USD Million), by Steel Manufacturing, 2019-2032

Figure 22: North America STATCOM Market Forecast (USD Million), by Renewable Energy, 2019-2032

Figure 23: North America STATCOM Market Forecast (USD Million), by Mining, 2019-2032

Figure 24: North America STATCOM Market Forecast (USD Million), by Hydrogen Plant, 2019-2032

Figure 25: North America STATCOM Market Forecast (USD Million), by Others, 2019-2032

Figure 26: North America STATCOM Market Value (USD Million), by Country, 2024 & 2032

Figure 27: North America STATCOM Market Value Share (%), by Country, 2024

Figure 28: Europe STATCOM Market Value Share (%), By Rated Power, 2024 & 2032

Figure 29: Europe STATCOM Market Forecast (USD Million), by Low Power STATCOM (less than 20 MVar), 2019-2032

Figure 30: Europe STATCOM Market Forecast (USD Million), by Medium Power STATCOM (20-100 MVar), 2019-2032

Figure 31: Europe STATCOM Market Forecast (USD Million), by High Power STATCOM (Greater than 100 MVar), 2019-2032

Figure 32: Europe STATCOM Market Value Share (%), By End-User, 2024 & 2032

Figure 33: Europe STATCOM Market Forecast (USD Million), By Utility, 2019-2032

Figure 34: Europe STATCOM Market Forecast (USD Million), by Steel Manufacturing, 2019-2032

Figure 35: Europe STATCOM Market Forecast (USD Million), by Renewable Energy, 2019-2032

Figure 36: Europe STATCOM Market Forecast (USD Million), by Mining, 2019-2032

Figure 37: Europe STATCOM Market Forecast (USD Million), by Hydrogen Plant, 2019-2032

Figure 38: Europe STATCOM Market Forecast (USD Million), by Others, 2019-2032

Figure 39: Europe STATCOM Market Value (USD Million), by Country, 2024 & 2032

Figure 40: Europe STATCOM Market Value Share (%), by Country, 2024

Figure 41: Asia Pacific STATCOM Market Value Share (%), By Rated Power, 2024 & 2032

Figure 42: Asia Pacific STATCOM Market Forecast (USD Million), by Low Power STATCOM (less than 20 MVar), 2019-2032

Figure 43: Asia Pacific STATCOM Market Forecast (USD Million), by Medium Power STATCOM (20-100 MVar), 2019-2032

Figure 44: Asia Pacific STATCOM Market Forecast (USD Million), by High Power STATCOM (Greater than 100 MVar), 2019-2032

Figure 45: Asia Pacific STATCOM Market Value Share (%), By End-User, 2024 & 2032

Figure 46: Asia Pacific STATCOM Market Forecast (USD Million), By Utility, 2019-2032

Figure 47: Asia Pacific STATCOM Market Forecast (USD Million), by Steel Manufacturing, 2019-2032

Figure 48: Asia Pacific STATCOM Market Forecast (USD Million), by Renewable Energy, 2019-2032

Figure 49: Asia Pacific STATCOM Market Forecast (USD Million), by Mining, 2019-2032

Figure 50: Asia Pacific STATCOM Market Forecast (USD Million), by Hydrogen Plant, 2019-2032

Figure 51: Asia Pacific STATCOM Market Forecast (USD Million), by Others, 2019-2032

Figure 52: Asia Pacific STATCOM Market Value (USD Million), by Country, 2024 & 2032

Figure 53: Asia Pacific STATCOM Market Value Share (%), by Country, 2024

Figure 54: Latin America STATCOM Market Value Share (%), By Rated Power, 2024 & 2032

Figure 55: Latin America STATCOM Market Forecast (USD Million), by Low Power STATCOM (less than 20 MVar), 2019-2032

Figure 56: Latin America STATCOM Market Forecast (USD Million), by Medium Power STATCOM (20-100 MVar), 2019-2032

Figure 57: Latin America STATCOM Market Forecast (USD Million), by High Power STATCOM (Greater than 100 MVar), 2019-2032

Figure 58: Latin America STATCOM Market Value Share (%), By End-User, 2024 & 2032

Figure 59: Latin America STATCOM Market Forecast (USD Million), By Utility, 2019-2032

Figure 60: Latin America STATCOM Market Forecast (USD Million), by Steel Manufacturing, 2019-2032

Figure 61: Latin America STATCOM Market Forecast (USD Million), by Renewable Energy, 2019-2032

Figure 62: Latin America STATCOM Market Forecast (USD Million), by Mining, 2019-2032

Figure 63: Latin America STATCOM Market Forecast (USD Million), by Hydrogen Plant, 2019-2032

Figure 64: Latin America STATCOM Market Forecast (USD Million), by Others, 2019-2032

Figure 65: Latin America STATCOM Market Value (USD Million), by Country, 2024 & 2032

Figure 66: Latin America STATCOM Market Value Share (%), by Country, 2024

Figure 67: Middle East & Africa STATCOM Market Value Share (%), By Rated Power, 2024 & 2032

Figure 68: Middle East & Africa STATCOM Market Forecast (USD Million), by Low Power STATCOM (less than 20 MVar), 2019-2032

Figure 69: Middle East & Africa STATCOM Market Forecast (USD Million), by Medium Power STATCOM (20-100 MVar), 2019-2032

Figure 70: Middle East & Africa STATCOM Market Forecast (USD Million), by High Power STATCOM (Greater than 100 MVar), 2019-2032

Figure 71: Middle East & Africa STATCOM Market Value Share (%), By End-User, 2024 & 2032

Figure 72: Middle East & Africa STATCOM Market Forecast (USD Million), By Utility, 2019-2032

Figure 73: Middle East & Africa STATCOM Market Forecast (USD Million), by Steel Manufacturing, 2019-2032

Figure 74: Middle East & Africa STATCOM Market Forecast (USD Million), by Renewable Energy, 2019-2032

Figure 75: Middle East & Africa STATCOM Market Forecast (USD Million), by Mining, 2019-2032

Figure 76: Middle East & Africa STATCOM Market Forecast (USD Million), by Hydrogen Plant, 2019-2032

Figure 77: Middle East & Africa STATCOM Market Forecast (USD Million), by Others, 2019-2032

Figure 78: Middle East & Africa STATCOM Market Value (USD Million), by Country, 2024 & 2032

Figure 79: Middle East & Africa STATCOM Market Value Share (%), by Country, 2024

Table 1: Global STATCOM Market Revenue (USD Million) Forecast, By Rated Power, 2019-2032

Table 2: Global STATCOM Market Revenue (USD Million) Forecast, By End-User, 2019-2032

Table 3: Global STATCOM Market Revenue (USD Million) Forecast, By Region, 2019-2032

Table 4: North America STATCOM Market Revenue (USD Million) Forecast, By Rated Power, 2019-2032

Table 5: North America STATCOM Market Revenue (USD Million) Forecast, By End-User, 2019-2032

Table 6: North America STATCOM Market Revenue (USD Million) Forecast, By Country, 2019-2032

Table 7: U.S. STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 8: Canada STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 9: Europe STATCOM Market Revenue (USD Million) Forecast, By Rated Power, 2019-2032

Table 10: Europe STATCOM Market Revenue (USD Million) Forecast, By End-User, 2019-2032

Table 11: Europe STATCOM Market Revenue (USD Million) Forecast, By Country 2019-2032

Table 12: UK STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 13: Germany STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 14: Russia STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 15: France STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 16: Italy STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 17: Rest of Europe STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 18: Asia Pacific STATCOM Market Revenue (USD Million) Forecast, By Rated Power, 2019-2032

Table 19: Asia Pacific STATCOM Market Revenue (USD Million) Forecast, By End-User, 2019-2032

Table 20: Asia Pacific STATCOM Market Revenue (USD Million) Forecast, By Country, 2019-2032

Table 21: Japan STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 22: China STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 23: India STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 24: Australia STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 25: Rest of Asia Pacific STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 26: Latin America STATCOM Market Revenue (USD Million) Forecast, By Rated Power, 2019-2032

Table 27: Latin America STATCOM Market Revenue (USD Million) Forecast, By End-User, 2019-2032

Table 28: Latin America STATCOM Market Revenue (USD Million) Forecast, By Country, 2019-2032

Table 29: Brazil STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 30: Mexico STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 31: Rest of Latin America STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 32: Middle East & Africa STATCOM Market Revenue (USD Million) Forecast, By Rated Power, 2019-2032

Table 33: Middle East & Africa STATCOM Market Revenue (USD Million) Forecast, By End-User, 2019-2032

Table 34: Middle East & Africa STATCOM Market Revenue (USD Million) Forecast, By Country, 2019-2032

Table 35: GCC STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 36: Rest of Middle East & Africa STATCOM Market Revenue (USD Million) Forecast, by End-User, 2019-2032

Table 37: Company Market Share Analysis (%), 2024

Statcom Market Size, Share and Global Industry Trend Forecast till 2032
  • 2019-2032
  • 2024
  • 2019-2023
  • 221
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