Global Series Compensation System Market Growth 2023-2029

Global Series Compensation System Market Growth 2023-2029

A series compensation is a device, which decreases the reactive impedance of the transmission line to reduce voltage drop over long distances and enables efficient operation of the power system by reducing Ferranti effect. SERIES Compensation allows the receiver’s end receive more power as it reduces the voltage drop across the transmission line. The growing application of the series compensation system, is due to its low cost, high operational efficiency, improved system stability, proper load distribution between circuits, easy and quick installation and convenient virtual deployment of series compensation, anywhere in the power network. The Global Series Compensation System Market is driven by the increasing need for reliable electric supply & subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure.

LPI (LP Information)' newest research report, the “Series Compensation System Industry Forecast” looks at past sales and reviews total world Series Compensation System sales in 2022, providing a comprehensive analysis by region and market sector of projected Series Compensation System sales for 2023 through 2029. With Series Compensation System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Series Compensation System industry.

This Insight Report provides a comprehensive analysis of the global Series Compensation System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Series Compensation System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Series Compensation System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Series Compensation System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Series Compensation System.

The global Series Compensation System market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The Global Series Compensation System Market is driven by the need for reliable electric supply, maximum safety in transmission & distribution network, and also the investments into the replacement of matured electric grid structures with modern upgraded ones. The Asia-Pacific region is the leading market for series compensations. Rapid industrialization, urbanization, and fast economic growth in countries such as India and China, is expected to drive the market.

This report presents a comprehensive overview, market shares, and growth opportunities of Series Compensation System market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Low Voltage
Medium Voltage
High Voltage

Segmentation by application
Utilities
Industries
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
General Electric Company (US)
Siemens AG (Germany)
ABB Ltd. (Switzerland)
Adani Transmission Limited (India)
NR Electric Co. (China)
Hyosung Corporation (South Korea)
Mitsubishi Electric Corporation (Japan)
L&T Electrical & Automation (India)
Energe Capacitors Pvt. Ltd. (India)
Eaton Corporation Plc (Ireland)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Series Compensation System market?

What factors are driving Series Compensation System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Series Compensation System market opportunities vary by end market size?

How does Series Compensation System break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.