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News  ›  GlobeNewswire Inc.

STATCOM Market Size to Surpass USD 1.24 Billion by 2033 | Research by SNS Insider

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Sns Insider
STATCOM Market Size to Surpass USD 1.24 Billion by 2033 | Research by SNS Insider

The U.S. STATCOM market is expected to grow at a CAGR of 6.69% through 2033, driven by renewable energy integration, grid modernization, and voltage stabilization demands. However, high initial capital investments pose adoption challenges. IGBT-based technology and medium-power systems currently dominate, while high-power STATCOM and renewable energy applications are expected to see fastest growth.

Insights
SMNEY   positive

Listed as a leading market player in STATCOM solutions with established presence in grid modernization and power electronics sectors.