Press release
Series Compensation System Market Breakdown Data by Regions, Type, Manufacturers and Applications, Forecast 2018-2025
The main objective of this report is to define, describe, and forecast the global “Series Compensation System” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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This report presents the worldwide Series Compensation System market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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 receivers 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.
The Series Compensation System market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Series Compensation System.
The following manufacturers are covered in this report:
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)
Series Compensation System Breakdown Data by Type
Low Voltage
Medium Voltage
High Voltage
Series Compensation System Breakdown Data by Application
Utilities
Industries
Others
Series Compensation System Production by Region
United States
Europe
China
Japan
South Korea
Other Regions
Series Compensation System Consumption by Region
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
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
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The study objectives are:
To analyze and research the global Series Compensation System status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key Series Compensation System manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Series Compensation System :
History Year: 2013 - 2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Series Compensation System market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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