Static Synchronous Compensator (STATCOM) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

• Description
• Table of Contents
• Table of Figures
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• Description
• Table of Contents
• Table of Figures
• PDF Download

SVG is also called STATCOM is a shunt device, which uses force-commutated power electronics (i.e. GTO, IGBT) to control power flow and improve transient stability on electrical power networks. It is also a member of the so-called Flexible AC Transmission System (FACTS) devices. The STATCOM basically performs the same function as the static var compensators but with some advantages.

The global market for Static Synchronous Compensator (STATCOM) was estimated to be worth US$ 857.8 million in 2023 and is forecast to a readjusted size of US$ 1190.5 million by 2030 with a CAGR of 4.6% during the forecast period 2024-2030

Static Synchronous Compensator (STATCOM) Market Size

M= millions and B=billions

Global key players of static synchronous compensator (STATCOM) include Hitachi, Siemens, Windsun Science Technology, Liaoning Rongxin Xingye Power, Sieyuan Electric and TBEA, the top six players hold a share about 58%. Windsun Science Technology is the largest producer, with a share of 15%. North America is the largest market of feed grade calcium propionate, with a share about 83%, followed by Europe and Asia-Pacific, with shares about 7% and 6% separately. In terms of product type, high voltage STATCOM is the largest segment, with a share about 97%. And in terms of application, electric utilities is the largest application, with a share about 40 percent.

Report Scope
This report aims to provide a comprehensive presentation of the global market for Static Synchronous Compensator (STATCOM), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Static Synchronous Compensator (STATCOM) by region & country, by Type, and by Application.

The Static Synchronous Compensator (STATCOM) market size, estimations, and forecasts are provided in terms of sales volume (Mvar) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Static Synchronous Compensator (STATCOM).

Market Segmentation

• Report Metric

• Details

• Report Title

• Static Synchronous Compensator (STATCOM) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

• Forecasted Market Size in 2030

• US$ 1190.5 million

• CAGR(2024-2030)

• 4.6%

• Market Size Available for Years

• 2019-2030

• Global Static Synchronous Compensator (STATCOM) Companies Covered

• Hitachi, Ltd., Siemens Aktiengesellschaft, Windsun Science Technology Co., Ltd., Liaoning Rongxin Xingye Power Technology Co., Ltd., Sieyuan Electric Co., Ltd., TBEA Co., Ltd., Mitsubishi Electric Corporation, General Electric, Nari Technology Co., Ltd., Shandong Taikai Power Electronic Co., Ltd., Shenzhen Hopewind Electric Co., Ltd., American Superconductor Corporation, Ingeteam Inc., Beijing In-power Electric Co., Ltd.

• Global Static Synchronous Compensator (STATCOM) Market, by Region

• North America (U.S., Canada, Mexico)

  Europe (Germany, France, UK, Italy, etc.)

  Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

  South America (Brazil, etc.)

  Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

• Global Static Synchronous Compensator (STATCOM) Market, Segment by Type

• High Voltage STATCOM

  Low Voltage STATCOM

• Global Static Synchronous Compensator (STATCOM) Market, Segment by Application

• Electric Utilities

  Renewable Energy

  Industrial & Manufacturing

  Others

• Forecast Units

• USD million in value

• Report Coverage

• Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Static Synchronous Compensator (STATCOM) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Static Synchronous Compensator (STATCOM) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Static Synchronous Compensator (STATCOM) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

 1 Market Overview
    1.1 Static Synchronous Compensator (STATCOM) Product Introduction
    1.2 Global Static Synchronous Compensator (STATCOM) Market Size Forecast
        1.2.1 Global Static Synchronous Compensator (STATCOM) Sales Value (2019-2030)
        1.2.2 Global Static Synchronous Compensator (STATCOM) Sales Volume (2019-2030)
        1.2.3 Global Static Synchronous Compensator (STATCOM) Sales Price (2019-2030)
    1.3 Static Synchronous Compensator (STATCOM) Market Trends & Drivers
        1.3.1 Static Synchronous Compensator (STATCOM) Industry Trends
        1.3.2 Static Synchronous Compensator (STATCOM) Market Drivers & Opportunity
        1.3.3 Static Synchronous Compensator (STATCOM) Market Challenges
        1.3.4 Static Synchronous Compensator (STATCOM) Market Restraints
    1.4 Assumptions and Limitations
    1.5 Study Objectives
    1.6 Years Considered

 2 Competitive Analysis by Company
    2.1 Global Static Synchronous Compensator (STATCOM) Players Revenue Ranking (2023)
    2.2 Global Static Synchronous Compensator (STATCOM) Revenue by Company (2019-2024)
    2.3 Global Static Synchronous Compensator (STATCOM) Players Sales Volume Ranking (2023)
    2.4 Global Static Synchronous Compensator (STATCOM) Sales Volume by Company Players (2019-2024)
    2.5 Global Static Synchronous Compensator (STATCOM) Average Price by Company (2019-2024)
    2.6 Key Manufacturers Static Synchronous Compensator (STATCOM) Manufacturing Base Distribution and Headquarters
    2.7 Key Manufacturers Static Synchronous Compensator (STATCOM) Product Offered
    2.8 Key Manufacturers Time to Begin Mass Production of Static Synchronous Compensator (STATCOM)
    2.9 Static Synchronous Compensator (STATCOM) Market Competitive Analysis
        2.9.1 Static Synchronous Compensator (STATCOM) Market Concentration Rate (2019-2024)
        2.9.2 Global 5 and 10 Largest Manufacturers by Static Synchronous Compensator (STATCOM) Revenue in 2023
        2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Static Synchronous Compensator (STATCOM) as of 2023)
    2.10 Mergers & Acquisitions, Expansion

 3 Segmentation by Type
    3.1 Introduction by Type
        3.1.1 High Voltage STATCOM
        3.1.2 Low Voltage STATCOM
    3.2 Global Static Synchronous Compensator (STATCOM) Sales Value by Type
        3.2.1 Global Static Synchronous Compensator (STATCOM) Sales Value by Type (2019 VS 2023 VS 2030)
        3.2.2 Global Static Synchronous Compensator (STATCOM) Sales Value, by Type (2019-2030)
        3.2.3 Global Static Synchronous Compensator (STATCOM) Sales Value, by Type (%) (2019-2030)
    3.3 Global Static Synchronous Compensator (STATCOM) Sales Volume by Type
        3.3.1 Global Static Synchronous Compensator (STATCOM) Sales Volume by Type (2019 VS 2023 VS 2030)
        3.3.2 Global Static Synchronous Compensator (STATCOM) Sales Volume, by Type (2019-2030)
        3.3.3 Global Static Synchronous Compensator (STATCOM) Sales Volume, by Type (%) (2019-2030)
    3.4 Global Static Synchronous Compensator (STATCOM) Average Price by Type (2019-2030)

 4 Segmentation by Application
    4.1 Introduction by Application
        4.1.1 Electric Utilities
        4.1.2 Renewable Energy
        4.1.3 Industrial & Manufacturing
        4.1.4 Others
    4.2 Global Static Synchronous Compensator (STATCOM) Sales Value by Application
        4.2.1 Global Static Synchronous Compensator (STATCOM) Sales Value by Application (2019 VS 2023 VS 2030)
        4.2.2 Global Static Synchronous Compensator (STATCOM) Sales Value, by Application (2019-2030)
        4.2.3 Global Static Synchronous Compensator (STATCOM) Sales Value, by Application (%) (2019-2030)
    4.3 Global Static Synchronous Compensator (STATCOM) Sales Volume by Application
        4.3.1 Global Static Synchronous Compensator (STATCOM) Sales Volume by Application (2019 VS 2023 VS 2030)
        4.3.2 Global Static Synchronous Compensator (STATCOM) Sales Volume, by Application (2019-2030)
        4.3.3 Global Static Synchronous Compensator (STATCOM) Sales Volume, by Application (%) (2019-2030)
    4.4 Global Static Synchronous Compensator (STATCOM) Average Price by Application (2019-2030)

 5 Segmentation by Region
    5.1 Global Static Synchronous Compensator (STATCOM) Sales Value by Region
        5.1.1 Global Static Synchronous Compensator (STATCOM) Sales Value by Region: 2019 VS 2023 VS 2030
        5.1.2 Global Static Synchronous Compensator (STATCOM) Sales Value by Region (2019-2024)
        5.1.3 Global Static Synchronous Compensator (STATCOM) Sales Value by Region (2025-2030)
        5.1.4 Global Static Synchronous Compensator (STATCOM) Sales Value by Region (%), (2019-2030)
    5.2 Global Static Synchronous Compensator (STATCOM) Sales Volume by Region
        5.2.1 Global Static Synchronous Compensator (STATCOM) Sales Volume by Region: 2019 VS 2023 VS 2030
        5.2.2 Global Static Synchronous Compensator (STATCOM) Sales Volume by Region (2019-2024)
        5.2.3 Global Static Synchronous Compensator (STATCOM) Sales Volume by Region (2025-2030)
        5.2.4 Global Static Synchronous Compensator (STATCOM) Sales Volume by Region (%), (2019-2030)
    5.3 Global Static Synchronous Compensator (STATCOM) Average Price by Region (2019-2030)
    5.4 North America
        5.4.1 North America Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
        5.4.2 North America Static Synchronous Compensator (STATCOM) Sales Value by Country (%), 2023 VS 2030
    5.5 Europe
        5.5.1 Europe Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
        5.5.2 Europe Static Synchronous Compensator (STATCOM) Sales Value by Country (%), 2023 VS 2030
    5.6 Asia Pacific
        5.6.1 Asia Pacific Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
        5.6.2 Asia Pacific Static Synchronous Compensator (STATCOM) Sales Value by Country (%), 2023 VS 2030
    5.7 South America
        5.7.1 South America Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
        5.7.2 South America Static Synchronous Compensator (STATCOM) Sales Value by Country (%), 2023 VS 2030
    5.8 Middle East & Africa
        5.8.1 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
        5.8.2 Middle East & Africa Static Synchronous Compensator (STATCOM) Sales Value by Country (%), 2023 VS 2030

 6 Segmentation by Key Countries/Regions
    6.1 Key Countries/Regions Static Synchronous Compensator (STATCOM) Sales Value Growth Trends, 2019 VS 2023 VS 2030
    6.2 Key Countries/Regions Static Synchronous Compensator (STATCOM) Sales Value
        6.2.1 Key Countries/Regions Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
        6.2.2 Key Countries/Regions Static Synchronous Compensator (STATCOM) Sales Volume, 2019-2030
    6.3 United States
        6.3.1 United States Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
        6.3.2 United States Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
        6.3.3 United States Static Synchronous Compensator (STATCOM) Sales Value by Application, 2023 VS 2030
    6.4 Europe
        6.4.1 Europe Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
        6.4.2 Europe Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
        6.4.3 Europe Static Synchronous Compensator (STATCOM) Sales Value by Application, 2023 VS 2030
    6.5 China
        6.5.1 China Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
        6.5.2 China Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
        6.5.3 China Static Synchronous Compensator (STATCOM) Sales Value by Application, 2023 VS 2030
    6.6 Japan
        6.6.1 Japan Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
        6.6.2 Japan Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
        6.6.3 Japan Static Synchronous Compensator (STATCOM) Sales Value by Application, 2023 VS 2030
    6.7 South Korea
        6.7.1 South Korea Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
        6.7.2 South Korea Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
        6.7.3 South Korea Static Synchronous Compensator (STATCOM) Sales Value by Application, 2023 VS 2030
    6.8 Southeast Asia
        6.8.1 Southeast Asia Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
        6.8.2 Southeast Asia Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
        6.8.3 Southeast Asia Static Synchronous Compensator (STATCOM) Sales Value by Application, 2023 VS 2030
    6.9 India
        6.9.1 India Static Synchronous Compensator (STATCOM) Sales Value, 2019-2030
        6.9.2 India Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
        6.9.3 India Static Synchronous Compensator (STATCOM) Sales Value by Application, 2023 VS 2030

 7 Company Profiles
    7.1 Hitachi, Ltd.
        7.1.1 Hitachi, Ltd. Company Information
        7.1.2 Hitachi, Ltd. Introduction and Business Overview
        7.1.3 Hitachi, Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
        7.1.4 Hitachi, Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
        7.1.5 Hitachi, Ltd. Recent Development
    7.2 Siemens Aktiengesellschaft
        7.2.1 Siemens Aktiengesellschaft Company Information
        7.2.2 Siemens Aktiengesellschaft Introduction and Business Overview
        7.2.3 Siemens Aktiengesellschaft Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
        7.2.4 Siemens Aktiengesellschaft Static Synchronous Compensator (STATCOM) Product Offerings
        7.2.5 Siemens Aktiengesellschaft Recent Development
    7.3 Windsun Science Technology Co., Ltd.
        7.3.1 Windsun Science Technology Co., Ltd. Company Information
        7.3.2 Windsun Science Technology Co., Ltd. Introduction and Business Overview
        7.3.3 Windsun Science Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
        7.3.4 Windsun Science Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
        7.3.5 Windsun Science Technology Co., Ltd. Recent Development
    7.4 Liaoning Rongxin Xingye Power Technology Co., Ltd.
        7.4.1 Liaoning Rongxin Xingye Power Technology Co., Ltd. Company Information
        7.4.2 Liaoning Rongxin Xingye Power Technology Co., Ltd. Introduction and Business Overview
        7.4.3 Liaoning Rongxin Xingye Power Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
        7.4.4 Liaoning Rongxin Xingye Power Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
        7.4.5 Liaoning Rongxin Xingye Power Technology Co., Ltd. Recent Development
    7.5 Sieyuan Electric Co., Ltd.
        7.5.1 Sieyuan Electric Co., Ltd. Company Information
        7.5.2 Sieyuan Electric Co., Ltd. Introduction and Business Overview
        7.5.3 Sieyuan Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
        7.5.4 Sieyuan Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
        7.5.5 Sieyuan Electric Co., Ltd. Recent Development
    7.6 TBEA Co., Ltd.
        7.6.1 TBEA Co., Ltd. Company Information
        7.6.2 TBEA Co., Ltd. Introduction and Business Overview
        7.6.3 TBEA Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
        7.6.4 TBEA Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
        7.6.5 TBEA Co., Ltd. Recent Development
    7.7 Mitsubishi Electric Corporation
        7.7.1 Mitsubishi Electric Corporation Company Information
        7.7.2 Mitsubishi Electric Corporation Introduction and Business Overview
        7.7.3 Mitsubishi Electric Corporation Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
        7.7.4 Mitsubishi Electric Corporation Static Synchronous Compensator (STATCOM) Product Offerings
        7.7.5 Mitsubishi Electric Corporation Recent Development
    7.8 General Electric
        7.8.1 General Electric Company Information
        7.8.2 General Electric Introduction and Business Overview
        7.8.3 General Electric Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
        7.8.4 General Electric Static Synchronous Compensator (STATCOM) Product Offerings
        7.8.5 General Electric Recent Development
    7.9 Nari Technology Co., Ltd.
        7.9.1 Nari Technology Co., Ltd. Company Information
        7.9.2 Nari Technology Co., Ltd. Introduction and Business Overview
        7.9.3 Nari Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
        7.9.4 Nari Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
        7.9.5 Nari Technology Co., Ltd. Recent Development
    7.10 Shandong Taikai Power Electronic Co., Ltd.
        7.10.1 Shandong Taikai Power Electronic Co., Ltd. Company Information
        7.10.2 Shandong Taikai Power Electronic Co., Ltd. Introduction and Business Overview
        7.10.3 Shandong Taikai Power Electronic Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
        7.10.4 Shandong Taikai Power Electronic Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
        7.10.5 Shandong Taikai Power Electronic Co., Ltd. Recent Development
    7.11 Shenzhen Hopewind Electric Co., Ltd.
        7.11.1 Shenzhen Hopewind Electric Co., Ltd. Company Information
        7.11.2 Shenzhen Hopewind Electric Co., Ltd. Introduction and Business Overview
        7.11.3 Shenzhen Hopewind Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
        7.11.4 Shenzhen Hopewind Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
        7.11.5 Shenzhen Hopewind Electric Co., Ltd. Recent Development
    7.12 American Superconductor Corporation
        7.12.1 American Superconductor Corporation Company Information
        7.12.2 American Superconductor Corporation Introduction and Business Overview
        7.12.3 American Superconductor Corporation Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
        7.12.4 American Superconductor Corporation Static Synchronous Compensator (STATCOM) Product Offerings
        7.12.5 American Superconductor Corporation Recent Development
    7.13 Ingeteam Inc.
        7.13.1 Ingeteam Inc. Company Information
        7.13.2 Ingeteam Inc. Introduction and Business Overview
        7.13.3 Ingeteam Inc. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
        7.13.4 Ingeteam Inc. Static Synchronous Compensator (STATCOM) Product Offerings
        7.13.5 Ingeteam Inc. Recent Development
    7.14 Beijing In-power Electric Co., Ltd.
        7.14.1 Beijing In-power Electric Co., Ltd. Company Information
        7.14.2 Beijing In-power Electric Co., Ltd. Introduction and Business Overview
        7.14.3 Beijing In-power Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Sales, Revenue and Gross Margin (2019-2024)
        7.14.4 Beijing In-power Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
        7.14.5 Beijing In-power Electric Co., Ltd. Recent Development

 8 Industry Chain Analysis
    8.1 Static Synchronous Compensator (STATCOM) Industrial Chain
    8.2 Static Synchronous Compensator (STATCOM) Upstream Analysis
        8.2.1 Key Raw Materials
        8.2.2 Raw Materials Key Suppliers
        8.2.3 Manufacturing Cost Structure
    8.3 Midstream Analysis
    8.4 Downstream Analysis (Customers Analysis)
    8.5 Sales Model and Sales Channels
        8.5.1 Static Synchronous Compensator (STATCOM) Sales Model
        8.5.2 Sales Channel
        8.5.3 Static Synchronous Compensator (STATCOM) Distributors

 9 Research Findings and Conclusion

 10 Appendix
    10.1 Research Methodology
        10.1.1 Methodology/Research Approach
        10.1.2 Data Source
    10.2 Author Details
    10.3 Disclaimer

List of Tables
    Table 1. Static Synchronous Compensator (STATCOM) Market Trends
    Table 2. Static Synchronous Compensator (STATCOM) Market Drivers & Opportunity
    Table 3. Static Synchronous Compensator (STATCOM) Market Challenges
    Table 4. Static Synchronous Compensator (STATCOM) Market Restraints
    Table 5. Global Static Synchronous Compensator (STATCOM) Revenue by Company (2019-2024) & (US$ Million)
    Table 6. Global Static Synchronous Compensator (STATCOM) Revenue Market Share by Company (2019-2024)
    Table 7. Global Static Synchronous Compensator (STATCOM) Sales Volume by Company (2019-2024) & (Mvar)
    Table 8. Global Static Synchronous Compensator (STATCOM) Sales Volume Market Share by Company (2019-2024)
    Table 9. Global Market Static Synchronous Compensator (STATCOM) Price by Company (2019-2024) & (US$/Mvar)
    Table 10. Key Manufacturers Static Synchronous Compensator (STATCOM) Manufacturing Base Distribution and Headquarters
    Table 11. Key Manufacturers Static Synchronous Compensator (STATCOM) Product Type
    Table 12. Key Manufacturers Time to Begin Mass Production of Static Synchronous Compensator (STATCOM)
    Table 13. Global Static Synchronous Compensator (STATCOM) Manufacturers Market Concentration Ratio (CR5 and HHI)
    Table 14. Global Top Manufacturers Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Static Synchronous Compensator (STATCOM) as of 2023)
    Table 15. Mergers & Acquisitions, Expansion Plans
    Table 16. Global Static Synchronous Compensator (STATCOM) Sales Value by Type: 2019 VS 2023 VS 2030 (US$ Million)
    Table 17. Global Static Synchronous Compensator (STATCOM) Sales Value by Type (2019-2024) & (US$ Million)
    Table 18. Global Static Synchronous Compensator (STATCOM) Sales Value by Type (2025-2030) & (US$ Million)
    Table 19. Global Static Synchronous Compensator (STATCOM) Sales Market Share in Value by Type (2019-2024) & (%)
    Table 20. Global Static Synchronous Compensator (STATCOM) Sales Market Share in Value by Type (2025-2030) & (%)
    Table 21. Global Static Synchronous Compensator (STATCOM) Sales Volume by Type: 2019 VS 2023 VS 2030 (Mvar)
    Table 22. Global Static Synchronous Compensator (STATCOM) Sales Volume by Type (2019-2024) & (Mvar)
    Table 23. Global Static Synchronous Compensator (STATCOM) Sales Volume by Type (2025-2030) & (Mvar)
    Table 24. Global Static Synchronous Compensator (STATCOM) Sales Market Share in Volume by Type (2019-2024) & (%)
    Table 25. Global Static Synchronous Compensator (STATCOM) Sales Market Share in Volume by Type (2025-2030) & (%)
    Table 26. Global Static Synchronous Compensator (STATCOM) Price by Type (2019-2024) & (US$/Mvar)
    Table 27. Global Static Synchronous Compensator (STATCOM) Price by Type (2025-2030) & (US$/Mvar)
    Table 28. Global Static Synchronous Compensator (STATCOM) Sales Value by Application: 2019 VS 2023 VS 2030 (US$ Million)
    Table 29. Global Static Synchronous Compensator (STATCOM) Sales Value by Application (2019-2024) & (US$ Million)
    Table 30. Global Static Synchronous Compensator (STATCOM) Sales Value by Application (2025-2030) & (US$ Million)
    Table 31. Global Static Synchronous Compensator (STATCOM) Sales Market Share in Value by Application (2019-2024) & (%)
    Table 32. Global Static Synchronous Compensator (STATCOM) Sales Market Share in Value by Application (2025-2030) & (%)
    Table 33. Global Static Synchronous Compensator (STATCOM) Sales Volume by Application: 2019 VS 2023 VS 2030 (Mvar)
    Table 34. Global Static Synchronous Compensator (STATCOM) Sales Volume by Application (2019-2024) & (Mvar)
    Table 35. Global Static Synchronous Compensator (STATCOM) Sales Volume by Application (2025-2030) & (Mvar)
    Table 36. Global Static Synchronous Compensator (STATCOM) Sales Market Share in Volume by Application (2019-2024) & (%)
    Table 37. Global Static Synchronous Compensator (STATCOM) Sales Market Share in Volume by Application (2025-2030) & (%)
    Table 38. Global Static Synchronous Compensator (STATCOM) Price by Application (2019-2024) & (US$/Mvar)
    Table 39. Global Static Synchronous Compensator (STATCOM) Price by Application (2025-2030) & (US$/Mvar)
    Table 40. Global Static Synchronous Compensator (STATCOM) Sales Value by Region: 2019 VS 2023 VS 2030 (US$ Million)
    Table 41. Global Static Synchronous Compensator (STATCOM) Sales Value by Region (2019-2024) & (US$ Million)
    Table 42. Global Static Synchronous Compensator (STATCOM) Sales Value by Region (2025-2030) & (US$ Million)
    Table 43. Global Static Synchronous Compensator (STATCOM) Sales Value by Region (2019-2024) & (%)
    Table 44. Global Static Synchronous Compensator (STATCOM) Sales Value by Region (2025-2030) & (%)
    Table 45. Global Static Synchronous Compensator (STATCOM) Sales Volume by Region (Mvar): 2019 VS 2023 VS 2030
    Table 46. Global Static Synchronous Compensator (STATCOM) Sales Volume by Region (2019-2024) & (Mvar)
    Table 47. Global Static Synchronous Compensator (STATCOM) Sales Volume by Region (2025-2030) & (Mvar)
    Table 48. Global Static Synchronous Compensator (STATCOM) Sales Volume by Region (2019-2024) & (%)
    Table 49. Global Static Synchronous Compensator (STATCOM) Sales Volume by Region (2025-2030) & (%)
    Table 50. Global Static Synchronous Compensator (STATCOM) Average Price by Region (2019-2024) & (US$/Mvar)
    Table 51. Global Static Synchronous Compensator (STATCOM) Average Price by Region (2025-2030) & (US$/Mvar)
    Table 52. Key Countries/Regions Static Synchronous Compensator (STATCOM) Sales Value Growth Trends, (US$ Million): 2019 VS 2023 VS 2030
    Table 53. Key Countries/Regions Static Synchronous Compensator (STATCOM) Sales Value, (2019-2024) & (US$ Million)
    Table 54. Key Countries/Regions Static Synchronous Compensator (STATCOM) Sales Value, (2025-2030) & (US$ Million)
    Table 55. Key Countries/Regions Static Synchronous Compensator (STATCOM) Sales Volume, (2019-2024) & (Mvar)
    Table 56. Key Countries/Regions Static Synchronous Compensator (STATCOM) Sales Volume, (2025-2030) & (Mvar)
    Table 57. Hitachi, Ltd. Company Information
    Table 58. Hitachi, Ltd. Introduction and Business Overview
    Table 59. Hitachi, Ltd. Static Synchronous Compensator (STATCOM) Sales (Mvar), Revenue (US$ Million), Price (US$/Mvar) and Gross Margin (2019-2024)
    Table 60. Hitachi, Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
    Table 61. Hitachi, Ltd. Recent Development
    Table 62. Siemens Aktiengesellschaft Company Information
    Table 63. Siemens Aktiengesellschaft Introduction and Business Overview
    Table 64. Siemens Aktiengesellschaft Static Synchronous Compensator (STATCOM) Sales (Mvar), Revenue (US$ Million), Price (US$/Mvar) and Gross Margin (2019-2024)
    Table 65. Siemens Aktiengesellschaft Static Synchronous Compensator (STATCOM) Product Offerings
    Table 66. Siemens Aktiengesellschaft Recent Development
    Table 67. Windsun Science Technology Co., Ltd. Company Information
    Table 68. Windsun Science Technology Co., Ltd. Introduction and Business Overview
    Table 69. Windsun Science Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Sales (Mvar), Revenue (US$ Million), Price (US$/Mvar) and Gross Margin (2019-2024)
    Table 70. Windsun Science Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
    Table 71. Windsun Science Technology Co., Ltd. Recent Development
    Table 72. Liaoning Rongxin Xingye Power Technology Co., Ltd. Company Information
    Table 73. Liaoning Rongxin Xingye Power Technology Co., Ltd. Introduction and Business Overview
    Table 74. Liaoning Rongxin Xingye Power Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Sales (Mvar), Revenue (US$ Million), Price (US$/Mvar) and Gross Margin (2019-2024)
    Table 75. Liaoning Rongxin Xingye Power Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
    Table 76. Liaoning Rongxin Xingye Power Technology Co., Ltd. Recent Development
    Table 77. Sieyuan Electric Co., Ltd. Company Information
    Table 78. Sieyuan Electric Co., Ltd. Introduction and Business Overview
    Table 79. Sieyuan Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Sales (Mvar), Revenue (US$ Million), Price (US$/Mvar) and Gross Margin (2019-2024)
    Table 80. Sieyuan Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
    Table 81. Sieyuan Electric Co., Ltd. Recent Development
    Table 82. TBEA Co., Ltd. Company Information
    Table 83. TBEA Co., Ltd. Introduction and Business Overview
    Table 84. TBEA Co., Ltd. Static Synchronous Compensator (STATCOM) Sales (Mvar), Revenue (US$ Million), Price (US$/Mvar) and Gross Margin (2019-2024)
    Table 85. TBEA Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
    Table 86. TBEA Co., Ltd. Recent Development
    Table 87. Mitsubishi Electric Corporation Company Information
    Table 88. Mitsubishi Electric Corporation Introduction and Business Overview
    Table 89. Mitsubishi Electric Corporation Static Synchronous Compensator (STATCOM) Sales (Mvar), Revenue (US$ Million), Price (US$/Mvar) and Gross Margin (2019-2024)
    Table 90. Mitsubishi Electric Corporation Static Synchronous Compensator (STATCOM) Product Offerings
    Table 91. Mitsubishi Electric Corporation Recent Development
    Table 92. General Electric Company Information
    Table 93. General Electric Introduction and Business Overview
    Table 94. General Electric Static Synchronous Compensator (STATCOM) Sales (Mvar), Revenue (US$ Million), Price (US$/Mvar) and Gross Margin (2019-2024)
    Table 95. General Electric Static Synchronous Compensator (STATCOM) Product Offerings
    Table 96. General Electric Recent Development
    Table 97. Nari Technology Co., Ltd. Company Information
    Table 98. Nari Technology Co., Ltd. Introduction and Business Overview
    Table 99. Nari Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Sales (Mvar), Revenue (US$ Million), Price (US$/Mvar) and Gross Margin (2019-2024)
    Table 100. Nari Technology Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
    Table 101. Nari Technology Co., Ltd. Recent Development
    Table 102. Shandong Taikai Power Electronic Co., Ltd. Company Information
    Table 103. Shandong Taikai Power Electronic Co., Ltd. Introduction and Business Overview
    Table 104. Shandong Taikai Power Electronic Co., Ltd. Static Synchronous Compensator (STATCOM) Sales (Mvar), Revenue (US$ Million), Price (US$/Mvar) and Gross Margin (2019-2024)
    Table 105. Shandong Taikai Power Electronic Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
    Table 106. Shandong Taikai Power Electronic Co., Ltd. Recent Development
    Table 107. Shenzhen Hopewind Electric Co., Ltd. Company Information
    Table 108. Shenzhen Hopewind Electric Co., Ltd. Introduction and Business Overview
    Table 109. Shenzhen Hopewind Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Sales (Mvar), Revenue (US$ Million), Price (US$/Mvar) and Gross Margin (2019-2024)
    Table 110. Shenzhen Hopewind Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
    Table 111. Shenzhen Hopewind Electric Co., Ltd. Recent Development
    Table 112. American Superconductor Corporation Company Information
    Table 113. American Superconductor Corporation Introduction and Business Overview
    Table 114. American Superconductor Corporation Static Synchronous Compensator (STATCOM) Sales (Mvar), Revenue (US$ Million), Price (US$/Mvar) and Gross Margin (2019-2024)
    Table 115. American Superconductor Corporation Static Synchronous Compensator (STATCOM) Product Offerings
    Table 116. American Superconductor Corporation Recent Development
    Table 117. Ingeteam Inc. Company Information
    Table 118. Ingeteam Inc. Introduction and Business Overview
    Table 119. Ingeteam Inc. Static Synchronous Compensator (STATCOM) Sales (Mvar), Revenue (US$ Million), Price (US$/Mvar) and Gross Margin (2019-2024)
    Table 120. Ingeteam Inc. Static Synchronous Compensator (STATCOM) Product Offerings
    Table 121. Ingeteam Inc. Recent Development
    Table 122. Beijing In-power Electric Co., Ltd. Company Information
    Table 123. Beijing In-power Electric Co., Ltd. Introduction and Business Overview
    Table 124. Beijing In-power Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Sales (Mvar), Revenue (US$ Million), Price (US$/Mvar) and Gross Margin (2019-2024)
    Table 125. Beijing In-power Electric Co., Ltd. Static Synchronous Compensator (STATCOM) Product Offerings
    Table 126. Beijing In-power Electric Co., Ltd. Recent Development
    Table 127. Key Raw Materials Lists
    Table 128. Raw Materials Key Suppliers Lists
    Table 129. Static Synchronous Compensator (STATCOM) Downstream Customers
    Table 130. Static Synchronous Compensator (STATCOM) Distributors List
    Table 131. Research Programs/Design for This Report
    Table 132. Key Data Information from Secondary Sources
    Table 133. Key Data Information from Primary Sources
List of Figures
    Figure 1. Static Synchronous Compensator (STATCOM) Product Picture
    Figure 2. Global Static Synchronous Compensator (STATCOM) Sales Value, 2019 VS 2023 VS 2030 (US$ Million)
    Figure 3. Global Static Synchronous Compensator (STATCOM) Sales Value (2019-2030) & (US$ Million)
    Figure 4. Global Static Synchronous Compensator (STATCOM) Sales Volume (2019-2030) & (Mvar)
    Figure 5. Global Static Synchronous Compensator (STATCOM) Sales Price (2019-2030) & (US$/Mvar)
    Figure 6. Static Synchronous Compensator (STATCOM) Report Years Considered
    Figure 7. Global Static Synchronous Compensator (STATCOM) Players Revenue Ranking (2023) & (US$ Million)
    Figure 8. Global Static Synchronous Compensator (STATCOM) Players Sales Volume Ranking (2023) & (Mvar)
    Figure 9. The 5 and 10 Largest Manufacturers in the World: Market Share by Static Synchronous Compensator (STATCOM) Revenue in 2023
    Figure 10. Static Synchronous Compensator (STATCOM) Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2019 VS 2023
    Figure 11. High Voltage STATCOM Picture
    Figure 12. Low Voltage STATCOM Picture
    Figure 13. Global Static Synchronous Compensator (STATCOM) Sales Value by Type (2019 VS 2023 VS 2030) & (US$ Million)
    Figure 14. Global Static Synchronous Compensator (STATCOM) Sales Value Market Share by Type, 2023 & 2030
    Figure 15. Global Static Synchronous Compensator (STATCOM) Sales Volume by Type (2019 VS 2023 VS 2030) & (Mvar)
    Figure 16. Global Static Synchronous Compensator (STATCOM) Sales Volume Market Share by Type, 2023 & 2030
    Figure 17. Global Static Synchronous Compensator (STATCOM) Price by Type (2019-2030) & (US$/Mvar)
    Figure 18. Product Picture of Electric Utilities
    Figure 19. Product Picture of Renewable Energy
    Figure 20. Product Picture of Industrial & Manufacturing
    Figure 21. Product Picture of Others
    Figure 22. Global Static Synchronous Compensator (STATCOM) Sales Value by Application (2019 VS 2023 VS 2030) & (US$ Million)
    Figure 23. Global Static Synchronous Compensator (STATCOM) Sales Value Market Share by Application, 2023 & 2030
    Figure 24. Global Static Synchronous Compensator (STATCOM) Sales Volume by Application (2019 VS 2023 VS 2030) & (Mvar)
    Figure 25. Global Static Synchronous Compensator (STATCOM) Sales Volume Market Share by Application, 2023 & 2030
    Figure 26. Global Static Synchronous Compensator (STATCOM) Price by Application (2019-2030) & (US$/Mvar)
    Figure 27. North America Static Synchronous Compensator (STATCOM) Sales Value (2019-2030) & (US$ Million)
    Figure 28. North America Static Synchronous Compensator (STATCOM) Sales Value by Country (%), 2023 VS 2030
    Figure 29. Europe Static Synchronous Compensator (STATCOM) Sales Value (2019-2030) & (US$ Million)
    Figure 30. Europe Static Synchronous Compensator (STATCOM) Sales Value by Country (%), 2023 VS 2030
    Figure 31. Asia Pacific Static Synchronous Compensator (STATCOM) Sales Value (2019-2030) & (US$ Million)
    Figure 32. Asia Pacific Static Synchronous Compensator (STATCOM) Sales Value by Country (%), 2023 VS 2030
    Figure 33. South America Static Synchronous Compensator (STATCOM) Sales Value (2019-2030) & (US$ Million)
    Figure 34. South America Static Synchronous Compensator (STATCOM) Sales Value by Country (%), 2023 VS 2030
    Figure 35. Middle East & Africa Static Synchronous Compensator (STATCOM) Sales Value (2019-2030) & (US$ Million)
    Figure 36. Middle East & Africa Static Synchronous Compensator (STATCOM) Sales Value by Country (%), 2023 VS 2030
    Figure 37. Key Countries/Regions Static Synchronous Compensator (STATCOM) Sales Value (%), (2019-2030)
    Figure 38. Key Countries/Regions Static Synchronous Compensator (STATCOM) Sales Volume (%), (2019-2030)
    Figure 39. United States Static Synchronous Compensator (STATCOM) Sales Value, (2019-2030) & (US$ Million)
    Figure 40. United States Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
    Figure 41. United States Static Synchronous Compensator (STATCOM) Sales Value by Application (%), 2023 VS 2030
    Figure 42. Europe Static Synchronous Compensator (STATCOM) Sales Value, (2019-2030) & (US$ Million)
    Figure 43. Europe Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
    Figure 44. Europe Static Synchronous Compensator (STATCOM) Sales Value by Application (%), 2023 VS 2030
    Figure 45. China Static Synchronous Compensator (STATCOM) Sales Value, (2019-2030) & (US$ Million)
    Figure 46. China Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
    Figure 47. China Static Synchronous Compensator (STATCOM) Sales Value by Application (%), 2023 VS 2030
    Figure 48. Japan Static Synchronous Compensator (STATCOM) Sales Value, (2019-2030) & (US$ Million)
    Figure 49. Japan Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
    Figure 50. Japan Static Synchronous Compensator (STATCOM) Sales Value by Application (%), 2023 VS 2030
    Figure 51. South Korea Static Synchronous Compensator (STATCOM) Sales Value, (2019-2030) & (US$ Million)
    Figure 52. South Korea Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
    Figure 53. South Korea Static Synchronous Compensator (STATCOM) Sales Value by Application (%), 2023 VS 2030
    Figure 54. Southeast Asia Static Synchronous Compensator (STATCOM) Sales Value, (2019-2030) & (US$ Million)
    Figure 55. Southeast Asia Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
    Figure 56. Southeast Asia Static Synchronous Compensator (STATCOM) Sales Value by Application (%), 2023 VS 2030
    Figure 57. India Static Synchronous Compensator (STATCOM) Sales Value, (2019-2030) & (US$ Million)
    Figure 58. India Static Synchronous Compensator (STATCOM) Sales Value by Type (%), 2023 VS 2030
    Figure 59. India Static Synchronous Compensator (STATCOM) Sales Value by Application (%), 2023 VS 2030
    Figure 60. Static Synchronous Compensator (STATCOM) Industrial Chain
    Figure 61. Static Synchronous Compensator (STATCOM) Manufacturing Cost Structure
    Figure 62. Channels of Distribution (Direct Sales, and Distribution)
    Figure 63. Bottom-up and Top-down Approaches for This Report
    Figure 64. Data Triangulation
    Figure 65. Key Executives Interviewed

SVG is also called STATCOM is a shunt device, which uses force-commutated power electronics (i.e. GTO, IGBT) to control power flow and improve transient stability on electrical power networks. It is also a member of the so-called Flexible AC Transmission System (FACTS) devices. The STATCOM basically performs the same function as the static var compensators but with some advantages.

The global market for Static Synchronous Compensator (STATCOM) was estimated to be worth US$ 857.8 million in 2023 and is forecast to a readjusted size of US$ 1190.5 million by 2030 with a CAGR of 4.6% during the forecast period 2024-2030

Global key players of static synchronous compensator (STATCOM) include Hitachi, Siemens, Windsun Science Technology, Liaoning Rongxin Xingye Power, Sieyuan Electric and TBEA, the top six players hold a share about 58%. Windsun Science Technology is the largest producer, with a share of 15%. North America is the largest market of feed grade calcium propionate, with a share about 83%, followed by Europe and Asia-Pacific, with shares about 7% and 6% separately. In terms of product type, high voltage STATCOM is the largest segment, with a share about 97%. And in terms of application, electric utilities is the largest application, with a share about 40 percent.

Report Scope
This report aims to provide a comprehensive presentation of the global market for Static Synchronous Compensator (STATCOM), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Static Synchronous Compensator (STATCOM) by region & country, by Type, and by Application.

The Static Synchronous Compensator (STATCOM) market size, estimations, and forecasts are provided in terms of sales volume (Mvar) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Static Synchronous Compensator (STATCOM).

Market Segmentation

Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Static Synchronous Compensator (STATCOM) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Static Synchronous Compensator (STATCOM) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Static Synchronous Compensator (STATCOM) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.