Global Statcom Market Size & Outlook, 2026-2033
Global statcom market, 2021-2033 (US$M)
Related Markets
Global statcom market highlights
- The global statcom market generated a revenue of USD 1,258.1 million in 2025 and is expected to reach USD 2,690.9 million by 2033.
- The market is expected to grow at a CAGR (2026 - 2033) of 10.5% by 2033.
- In terms of segment, greater than 100 mvar accounted for a revenue of USD 711.9 million in 2025.
- Greater than 100 MVAR is the most lucrative rated power segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2025.
- Country-wise, India is expected to register the highest CAGR from 2026 to 2033.
Global data book summary
| Market revenue in 2025 | USD 1,258.1 million |
| Market revenue in 2033 | USD 2,690.9 million |
| Growth rate | 10.5% (CAGR from 2026 to 2033) |
| Largest segment | Greater than 100 mvar |
| Fastest growing segment | Greater than 100 MVAR |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 0-20 MVAR, 20-100 MVAR, Greater than 100 MVAR |
Other key industry trends
- In terms of revenue, the North America accounted for 21.0% of the global statcom market in 2025.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2033.
- By country, India is the fastest growing regional market and is projected to reach USD 243.1 million by 2033.
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STATCOM Market Scope
STATCOM Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| JEMA ENERGY | View profile | 101-250 | Madrid, Madrid, Spain, Europe | http://www.jemaenergy.com/en |
| Hyosung Heavy Industries | View profile | 1001-5000 | Mapo, Seoul-t'ukpyolsi, South Korea, Asia | http://www.hyosungheavyindustries.com/ |
| Grid Solutions | View profile | 10001+ | La Défense, Ile-de-France, France, Europe | https://www.gevernova.com/grid-solutions/ |
| Ingeteam | View profile | 1001-5000 | Zamudio, Pais Vasco, Spain, Europe | https://www.ingeteam.com/ |
| American Superconductor Corp | View profile | 337 | 114 East Main Street, Ayer, MA, United States, 01432 | https://www.amsc.com |
| Hitachi Energy | View profile | 10001+ | Zürich, Zurich, Switzerland, Europe | https://www.hitachienergy.com/ |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Nidec Corp | View profile | 128002 | 338 Kuzetonoshiro-cho, Minami-ku, Kyoto, Japan, 601-8205 | http://www.nidec.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
Global statcom market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to statcom market will help companies and investors design strategic landscapes.
Greater than 100 mvar was the largest segment with a revenue share of 56.59% in 2025. Horizon Databook has segmented the Global statcom market based on 0-20 mvar, 20-100 mvar, greater than 100 mvar covering the revenue growth of each sub-segment from 2021 to 2033.
- Global STATCOM Rated Power Outlook (Revenue, USD Million, 2021-2033)
- 0-20 MVAR
- 20-100 MVAR
- Greater than 100 MVAR
- Global STATCOM End Use Outlook (Revenue, USD Million, 2021-2033)
- Utility
- Steel Manufacturing
- Renewable Energy
- Mining
- Hydrogen Power Plant
- Others
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Target buyers of Global statcom market databook
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Our clientele includes a mix of statcom market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global statcom market , including forecasts for subscribers. This global databook contains high-level insights into Global statcom market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global statcom market size, by regions, 2021-2033 (US$M)
Top 10 countries: Statcom market size, 2025 (US$M)
Global statcom market share, by rated power, 2025 & 2033 (%, US$M)
Statcom market: Opportunity assessment by country
Global statcom market, by region, 2025 (US$M)
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