This study presents the comprehensive analysis of cascaded inductively coupled distributed static compensator (CIC-DSTATCOM) using icosΦ control technique for electric power distribution system (EPDS). The relevant advantages of this recommended CIC-DSTATCOM controller exhibits higher reliability, easier extension and better compensation capabilities under load perturbation. With this motivation, initially cascaded direct coupled distributed static compensator (CDC-DSTATCOM) is considered for power quality (PQ) improvement by employing icosΦ controller. The control algorithm is implemented to generate the reference current which further helps to generate the appropriate switching pulses for the DSTATCOM. Later to this, the design is extended for CIC-DSTATCOM on the same EPDS employing inductively filter converting transformer (IFCT). Supremacy of the proposed approach is shown by comparing the results among both CIC-DSTATCOM and CDC-DSTATCOM. Finally, the improved performance analysis of the proposed method is carried out for harmonics reduction 3.14%, 0.99 improved power factor (PF), load balancing, and potential regulation under load varying parameters and maintained improved PQ performance within the range of benchmark value of the IEEE-2030-7-2017 and IEC-61000-1 grid data.