Dynamic reactive power compensators (DRPCs) are vital elements that are increasingly being utilized in electrical systems, more so with the growing requirement for a stable and efficient power supply. These devices function to control reactive power in a flexible manner and it is essential for the management of voltage levels and reliability of power supply. The incorporation of these devices through the compensation of reactive power diversity improves systems effectiveness, curtails energy wastage and accommodates harnessing of renewable energy sources. With the increasing intricacy of power networks, the employment of DRPCs is more of a long-term investment for utilities and industries looking to improve their energy optimization and be environmentally friendly.