South Korea Statcom Market Size & Outlook, 2026-2033
Related Markets
South Korea statcom market highlights
- The South Korea statcom market generated a revenue of USD 25.5 million in 2025 and is expected to reach USD 55.0 million by 2033.
- The South Korea market is expected to grow at a CAGR of 10.6% from 2026 to 2033.
- In terms of segment, greater than 100 mvar was the largest revenue generating rated power in 2025.
- Greater than 100 MVAR is the most lucrative rated power segment registering the fastest growth during the forecast period.
Statcom market data book summary
| Market revenue in 2025 | USD 25.5 million |
| Market revenue in 2033 | USD 55.0 million |
| Growth rate | 10.6% (CAGR from 2026 to 2033) |
| Largest segment | Greater than 100 mvar |
| Fastest growing segment | Greater than 100 MVAR |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 0-20 MVAR, 20-100 MVAR, Greater than 100 MVAR |
| Key market players worldwide | Grid Solutions, Ingeteam, ABB Ltd, Siemens AG, Nidec Corp, Hitachi Energy, Mitsubishi Electric Corp, JEMA ENERGY, American Superconductor Corp, Hyosung Heavy Industries |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.0% of the global statcom market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China statcom market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 243.1 million by 2033.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
South Korea 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 57.25% in 2025. Horizon Databook has segmented the South Korea 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.
Reasons to subscribe to South Korea statcom market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea statcom market databook
-
Our clientele includes a mix of statcom market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the South Korea statcom market , including forecasts for subscribers. This country databook contains high-level insights into South Korea statcom market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea statcom market size, by rated power, 2021-2033 (US$M)
South Korea STATCOM Market Outlook Share, 2025 & 2033 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
