The modular static synchronous compensator (STATCOM) skids market size has grown strongly in recent years. It will grow from $1.62 billion in 2025 to $1.74 billion in 2026 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to expansion of conventional power transmission infrastructure, increasing industrial electrification demand, early adoption of flexible ac transmission system technologies, rising grid instability due to centralized generation, government investments in power reliability upgrades.
The modular static synchronous compensator (STATCOM) skids market size is expected to see strong growth in the next few years. It will grow to $2.33 billion by 2030 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to acceleration of renewable energy integration into grids, growth in decentralized and distributed energy systems, rising deployment of smart grid modernization programs, increasing demand for fast response voltage control solutions, expansion of cross-border electricity transmission projects. Major trends in the forecast period include growing adoption of modular prefabricated statcom skid systems for rapid grid deployment, increasing demand for dynamic voltage regulation in renewable-heavy transmission networks, rising integration of hvdc and flexible ac transmission systems for enhanced grid flexibility, expansion of utility-scale grid modernization and infrastructure replacement programs, enhanced focus on harmonic mitigation and strict power quality compliance standards.
The increasing renewable energy integration is anticipated to propel the growth of the modular static synchronous compensator (STATCOM) skids market in the coming years. Renewable energy integration refers to the increasing incorporation of energy generated from renewable sources such as wind, solar, and hydro into the electricity grid to meet growing power demand sustainably. The renewable energy integration is rising due to the transition toward low-carbon energy systems driven by government decarbonization policies. Modular static synchronous compensator skids support renewable energy integration by providing fast-acting voltage regulation and reactive power compensation, ensuring grid stability and reliability amid the intermittency of renewable power sources. For instance, in December 2025, according to the International Energy Agency (IEA), a France-based intergovernmental organization, global annual renewable energy capacity additions are projected to increase from 683 GW in 2024 to nearly 890 GW by 2030. Therefore, the increasing renewable energy integration is driving the growth of the modular static synchronous compensator (STATCOM) skids market.
Leading companies operating in the modular static synchronous compensator (STATCOM) skids market are concentrating on advancing technological developments in power electronics, including hybrid STATCOM systems integrated with energy storage, to enhance grid stability, dynamic response, and renewable energy integration capabilities. Hybrid STATCOM systems integrated with energy storage refer to advanced grid solutions that combine voltage source converter-based reactive power compensation with embedded energy storage technologies to deliver both reactive and active power support for improved grid performance. For example, in August 2024, GE Vernova, a France-based energy company, launched FACTSFLEX GFMe, an advanced hybrid STATCOM solution integrating supercapacitor-based energy storage with grid-forming capabilities. The solution provides virtual inertia support to stabilize frequency fluctuations, a modular and scalable architecture for flexible deployment, and fast response to voltage disturbances, making it suitable for weak grid conditions and high renewable-penetration environments.
In May 2024, GE Vernova, a US-based STATCOM technology provider focused on utility-scale and customized grid applications, entered into a collaboration with TECO Electric and Machinery Co. to enhance capabilities in grid modernization and power infrastructure development. Through this collaboration, the companies aim to improve the stability of Taiwan’s power grid and facilitate renewable energy integration by deploying advanced high-voltage STATCOM systems along with related transformer solutions. TECO Electric and Machinery Co. is a Taiwan-based company engaged in the manufacturing of motors and generators.
Major companies operating in the modular static synchronous compensator (statcom) skids market are Hitachi Ltd., General Electric Company, Mitsubishi Electric Corporation, Siemens Energy AG, ABB Ltd., Toshiba Energy Systems & Solutions Corporation, Eaton Corporation plc, Delta Electronics Inc., Fuji Electric Co. Ltd., Wärtsilä Energy, Fluence Energy Inc., Sieyuan Electric Co. Ltd., Ingeteam S. A., S&C Electric Company, Power Electronics S. L., Shenzhen Sinexcel Electric Co. Ltd., American Superconductor Corporation (AMSC), Southern States LLC, Merus Power Oyj, Zigor Corporación S. A., Rongxin Huiko Electric Co. Ltd., NR Electric Co. Ltd., Statcom Solutions Pty Ltd, Comsys AB.
Asia-Pacific was the dominating region in the modular static synchronous compensator (STATCOM) skids market in 2025. Asia Pacific is expected to be the rapidly expanding region during the forecast period. The regions covered in the modular static synchronous compensator (STATCOM) skids market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the modular static synchronous compensator (STATCOM) skids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The modular static synchronous compensator (STATCOM) skids market consists of sales of containerized static synchronous compensator units, skid-mounted modular static synchronous compensator systems, mobile static synchronous compensator solutions, utility-scale static synchronous compensator skids, industrial static synchronous compensator skids, and renewable integration static synchronous compensator skids. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The modular static synchronous compensator (STATCOM) skids market size is expected to see strong growth in the next few years. It will grow to $2.33 billion by 2030 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to acceleration of renewable energy integration into grids, growth in decentralized and distributed energy systems, rising deployment of smart grid modernization programs, increasing demand for fast response voltage control solutions, expansion of cross-border electricity transmission projects. Major trends in the forecast period include growing adoption of modular prefabricated statcom skid systems for rapid grid deployment, increasing demand for dynamic voltage regulation in renewable-heavy transmission networks, rising integration of hvdc and flexible ac transmission systems for enhanced grid flexibility, expansion of utility-scale grid modernization and infrastructure replacement programs, enhanced focus on harmonic mitigation and strict power quality compliance standards.
The increasing renewable energy integration is anticipated to propel the growth of the modular static synchronous compensator (STATCOM) skids market in the coming years. Renewable energy integration refers to the increasing incorporation of energy generated from renewable sources such as wind, solar, and hydro into the electricity grid to meet growing power demand sustainably. The renewable energy integration is rising due to the transition toward low-carbon energy systems driven by government decarbonization policies. Modular static synchronous compensator skids support renewable energy integration by providing fast-acting voltage regulation and reactive power compensation, ensuring grid stability and reliability amid the intermittency of renewable power sources. For instance, in December 2025, according to the International Energy Agency (IEA), a France-based intergovernmental organization, global annual renewable energy capacity additions are projected to increase from 683 GW in 2024 to nearly 890 GW by 2030. Therefore, the increasing renewable energy integration is driving the growth of the modular static synchronous compensator (STATCOM) skids market.
Leading companies operating in the modular static synchronous compensator (STATCOM) skids market are concentrating on advancing technological developments in power electronics, including hybrid STATCOM systems integrated with energy storage, to enhance grid stability, dynamic response, and renewable energy integration capabilities. Hybrid STATCOM systems integrated with energy storage refer to advanced grid solutions that combine voltage source converter-based reactive power compensation with embedded energy storage technologies to deliver both reactive and active power support for improved grid performance. For example, in August 2024, GE Vernova, a France-based energy company, launched FACTSFLEX GFMe, an advanced hybrid STATCOM solution integrating supercapacitor-based energy storage with grid-forming capabilities. The solution provides virtual inertia support to stabilize frequency fluctuations, a modular and scalable architecture for flexible deployment, and fast response to voltage disturbances, making it suitable for weak grid conditions and high renewable-penetration environments.
In May 2024, GE Vernova, a US-based STATCOM technology provider focused on utility-scale and customized grid applications, entered into a collaboration with TECO Electric and Machinery Co. to enhance capabilities in grid modernization and power infrastructure development. Through this collaboration, the companies aim to improve the stability of Taiwan’s power grid and facilitate renewable energy integration by deploying advanced high-voltage STATCOM systems along with related transformer solutions. TECO Electric and Machinery Co. is a Taiwan-based company engaged in the manufacturing of motors and generators.
Major companies operating in the modular static synchronous compensator (statcom) skids market are Hitachi Ltd., General Electric Company, Mitsubishi Electric Corporation, Siemens Energy AG, ABB Ltd., Toshiba Energy Systems & Solutions Corporation, Eaton Corporation plc, Delta Electronics Inc., Fuji Electric Co. Ltd., Wärtsilä Energy, Fluence Energy Inc., Sieyuan Electric Co. Ltd., Ingeteam S. A., S&C Electric Company, Power Electronics S. L., Shenzhen Sinexcel Electric Co. Ltd., American Superconductor Corporation (AMSC), Southern States LLC, Merus Power Oyj, Zigor Corporación S. A., Rongxin Huiko Electric Co. Ltd., NR Electric Co. Ltd., Statcom Solutions Pty Ltd, Comsys AB.
Asia-Pacific was the dominating region in the modular static synchronous compensator (STATCOM) skids market in 2025. Asia Pacific is expected to be the rapidly expanding region during the forecast period. The regions covered in the modular static synchronous compensator (STATCOM) skids market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the modular static synchronous compensator (STATCOM) skids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The modular static synchronous compensator (STATCOM) skids market consists of sales of containerized static synchronous compensator units, skid-mounted modular static synchronous compensator systems, mobile static synchronous compensator solutions, utility-scale static synchronous compensator skids, industrial static synchronous compensator skids, and renewable integration static synchronous compensator skids. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Modular Static Synchronous Compensator (STATCOM) Skids Market Characteristics
3. Modular Static Synchronous Compensator (STATCOM) Skids Market Supply Chain Analysis
4. Global Modular Static Synchronous Compensator (STATCOM) Skids Market Trends and Strategies
5. Modular Static Synchronous Compensator (STATCOM) Skids Market Analysis of End Use Industries
7. Global Modular Static Synchronous Compensator (STATCOM) Skids Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Modular Static Synchronous Compensator (STATCOM) Skids Total Addressable Market (TAM) Analysis for the Market
9. Modular Static Synchronous Compensator (STATCOM) Skids Market Segmentation
10. Modular Static Synchronous Compensator (STATCOM) Skids Market Regional and Country Analysis
11. Asia-Pacific Modular Static Synchronous Compensator (STATCOM) Skids Market
12. China Modular Static Synchronous Compensator (STATCOM) Skids Market
13. India Modular Static Synchronous Compensator (STATCOM) Skids Market
14. Japan Modular Static Synchronous Compensator (STATCOM) Skids Market
15. Australia Modular Static Synchronous Compensator (STATCOM) Skids Market
16. Indonesia Modular Static Synchronous Compensator (STATCOM) Skids Market
17. South Korea Modular Static Synchronous Compensator (STATCOM) Skids Market
18. Taiwan Modular Static Synchronous Compensator (STATCOM) Skids Market
19. South East Asia Modular Static Synchronous Compensator (STATCOM) Skids Market
20. Western Europe Modular Static Synchronous Compensator (STATCOM) Skids Market
21. UK Modular Static Synchronous Compensator (STATCOM) Skids Market
22. Germany Modular Static Synchronous Compensator (STATCOM) Skids Market
23. France Modular Static Synchronous Compensator (STATCOM) Skids Market
24. Italy Modular Static Synchronous Compensator (STATCOM) Skids Market
25. Spain Modular Static Synchronous Compensator (STATCOM) Skids Market
26. Eastern Europe Modular Static Synchronous Compensator (STATCOM) Skids Market
27. Russia Modular Static Synchronous Compensator (STATCOM) Skids Market
28. North America Modular Static Synchronous Compensator (STATCOM) Skids Market
29. USA Modular Static Synchronous Compensator (STATCOM) Skids Market
30. Canada Modular Static Synchronous Compensator (STATCOM) Skids Market
31. South America Modular Static Synchronous Compensator (STATCOM) Skids Market
32. Brazil Modular Static Synchronous Compensator (STATCOM) Skids Market
33. Middle East Modular Static Synchronous Compensator (STATCOM) Skids Market
34. Africa Modular Static Synchronous Compensator (STATCOM) Skids Market
36. Modular Static Synchronous Compensator (STATCOM) Skids Market Competitive Landscape and Company Profiles
37. Modular Static Synchronous Compensator (STATCOM) Skids Market Other Major and Innovative Companies
41. Modular Static Synchronous Compensator (STATCOM) Skids Market High Potential Countries, Segments and Strategies
42. Appendix
Executive Summary
Modular Static Synchronous Compensator (STATCOM) Skids Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses modular static synchronous compensator (statcom) skids market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Outperform competitors using forecast data and the drivers and trends shaping the market.
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- Benchmark performance against key competitors based on market share, innovation, and brand strength.
- Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
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Description
Where is the largest and fastest growing market for modular static synchronous compensator (statcom) skids? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The modular static synchronous compensator (statcom) skids market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Product Type: Low Voltage Static Synchronous Compensator Skids; Medium Voltage Static Synchronous Compensator Skids; High Voltage Static Synchronous Compensator Skids2) By Power Rating: Up To Ten Megavolt Ampere Reactive; Ten To Fifty Megavolt Ampere Reactive; Above Fifty Megavolt Ampere Reactive
3) By Application: Renewable Energy Integration; Industrial Power Systems; Utilities; Railways; Other Applications
4) By End User: Utilities; Industrial; Commercial; Other End Users
Subsegments:
1) By Low Voltage Static Synchronous Compensator Skids: Indoor Low Voltage Compensator Systems; Outdoor Low Voltage Compensator Systems; Compact Low Voltage Compensator Units; Modular Low Voltage Compensator Units2) By Medium Voltage Static Synchronous Compensator Skids: Indoor Medium Voltage Compensator Systems; Outdoor Medium Voltage Compensator Systems; Grid Connected Medium Voltage Compensator Units; Modular Medium Voltage Compensator Units
3) By High Voltage Static Synchronous Compensator Skids: Indoor High Voltage Compensator Systems; Outdoor High Voltage Compensator Systems; Utility Scale High Voltage Compensator Units; Modular High Voltage Compensator Units
Companies Mentioned: Hitachi Ltd.; General Electric Company; Mitsubishi Electric Corporation; Siemens Energy AG; ABB Ltd.; Toshiba Energy Systems & Solutions Corporation; Eaton Corporation plc; Delta Electronics Inc.; Fuji Electric Co. Ltd.; Wärtsilä Energy; Fluence Energy Inc.; Sieyuan Electric Co. Ltd.; Ingeteam S.A.; S&C Electric Company; Power Electronics S.L.; Shenzhen Sinexcel Electric Co. Ltd.; American Superconductor Corporation (AMSC); Southern States LLC; Merus Power Oyj; Zigor Corporación S.A.; Rongxin Huiko Electric Co. Ltd.; NR Electric Co. Ltd.; Statcom Solutions Pty Ltd; Comsys AB
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Modular Static Synchronous Compensator (STATCOM) Skids market report include:- Hitachi Ltd.
- General Electric Company
- Mitsubishi Electric Corporation
- Siemens Energy AG
- ABB Ltd.
- Toshiba Energy Systems & Solutions Corporation
- Eaton Corporation plc
- Delta Electronics Inc.
- Fuji Electric Co. Ltd.
- Wärtsilä Energy
- Fluence Energy Inc.
- Sieyuan Electric Co. Ltd.
- Ingeteam S.A.
- S&C Electric Company
- Power Electronics S.L.
- Shenzhen Sinexcel Electric Co. Ltd.
- American Superconductor Corporation (AMSC)
- Southern States LLC
- Merus Power Oyj
- Zigor Corporación S.A.
- Rongxin Huiko Electric Co. Ltd.
- NR Electric Co. Ltd.
- Statcom Solutions Pty Ltd
- Comsys AB
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | July 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 1.74 Billion |
| Forecasted Market Value ( USD | $ 2.33 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 24 |
