With the increasing demands of power quality, high-quality power supply has become a necessary condition of modern social life. Power quality problems include voltage sag/swell, voltage unbalance and harmonics. To solve the above problem, a multi objective reactive power compensation device considering fault current limiting is designed, which can provide a certain degree of reactive power compensation to solve multi-objective system powered composite power quality problems during the normal working of the power system, and be able to quickly to limit the short-circuit current mode switching when power system under fault conditions. Finally, on the basis of theoretical analysis, experiments and simulations confirmed the correctness and effectiveness of the control strategy.