Press release
Global Series Compensation System Market Expecting an Outstanding Growth Till 2025
In terms of production side, this report researches the Series Compensation System capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Series Compensation System by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
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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.
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 includes the following manufacturers; we can also add the other companies as you want.
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General Electric Company (U.S.)
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)
Market Segment by Product Type
Low Voltage
Medium Voltage
High Voltage
Market Segment by Application
Utilities
Industries
Others
Key Regions split in this report:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
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