Dynamic reactive power compensators (DRPCs) have become indispensable for modern electrical grids capable of reactive power management and voltage regulation. They respond immediately to changes in load conditions, providing instantaneous compensation that contributes to compacting system performance. As DRPCs improve by employing sophisticated control schemes and power electronics, voltage overshooting, loss minimization, and power quality improvement are efficiently addressed. With the rising need for renewable energy sources, the necessity to assimilate DRPCs becomes even more important for secure and effective energy delivery.