Press release
Series compensation Market Outlook and Forecast 2023: Growth Factors, Trends, Top Companies Analysis for Business Prospects
Market HighlightsSeries compensation systems are widely accepted across the world in the industrial & commercial sector as a reliable & safety system, owing to its properties such as, as it increases transmission capacity, improves system stability, controls voltage regulation and ensures proper load division among parallel feeders. Also, the compact design and low manufacturing cost make them easy for installation in various utilities and industrial sector.
The need for uninterrupted electric supply is growing because of the worldwide rise in population and rapid industrialization. The increasing need of reliable electric supply and subsequent investment in transmission & distribution network, grid expansion, and safe electrical infrastructure, are expected to drive the growth of the global series compensation system market.
Market Research Analysis
The utilities segment holds the largest share of series compensation system market currently and is expected to continue in the forecast period. Utilities use series compensations to counteract the natural impedance of the transmission lines, thereby increasing the power transfer capability. Series compensation systems are used broadly by utilities to prevent damages to critical and expensive equipment, to increase the dynamic stability of the transmission grid and to reduce parallel transmission paths. The increasing electricity access across the world, would result in an increase in the number of substations, which would in turn, raise the demand for series compensation systems.
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Key Players:
• 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).
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Series Compensation System Market Research Report- Forecast to 2023”
Scope of the Report
This study provides an overview of the global series compensation system market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global series compensation system market by its voltage, by type, by end user and by regions.
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Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Series Compensation System Market, By Type
4.1 Introduction
4.2 Static Series Compensation
4.3 Thyristor Controlled Series Compensation
5 Global Series Compensation System Market, By Voltage
5.1 Introduction
5.2 Low Voltage
5.3 Medium Voltage
5.4 High Voltage
6 Global Series Compensation System Market, By End-User
Continue……….
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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