STATCOM or static synchronous compensator is a power electronic device using force commutated devices like GTO, IGBT etc. to regulate the reactive power flow through a power network and thereby increasing the stability of power network. STATCOM market is a shunt device i.e. it is allied in shunt with the line. A Static Synchronous Compensator (STATCOM) is also known as a Static Synchronous Condenser (STATCON). It is a member of the Flexible AC Transmission System (FACTS) family of devices. Usually a STATCOM is mounted to support electrical networks that have a poor power factor and often poor voltage regulation. The most common use of STATCOM is for voltage stability. A STATCOM is a voltage source converter (VSC) based device, with the voltage source behind a reactor. https://www.transparencymarketresearch.com/statcom-market.html Voltage stability is one of the biggest problems in power systems. Engineers and researchers are trying to consolidate a definition regarding to voltage stability, besides proposing techniques and methodologies for their analysis. The growing focus of global demand for electricity, often remote from load centers, thermal plant retirements coupled with an increase in renewable generation, stringent requirements by regulatory authorities on power quality, interconnected grids, and aging transmission infrastructure is pouring the growth of the STATCOM market. However, the necessity of huge capital asset for the installation of STATCOM solutions may hamper the market growth.