Series compensation Market share, Trend, Competitor Strategy and Forecast to 2023

Series compensation Market - Worldwide Industry Analysis, Size, Share, Growth Analysis, Trends and Forecast 2016 – 2023

Market Highlights Series 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.

Growing electricity demand coupled with growing concern for safe transmission & distribution of electricity and the increasing grid infrastructure, will boost the global series compensation system market size over the forecast timeline. In series compensation, reactive power is inserted in series with transmission line for improving the impedance of the system, thus improving the power transfer capability of the line.

Request a Sample Copy @ https://www.marketresearchfuture.com/sample_request/3990 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).

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..

The Global Series Compensation System Market has been analyzed based on voltage types, endusers and regions. On the basis of voltage, the global series compensation system market has been segmented as low, medium and high voltage. Based on types, it is classified as, static series compensation and thyristor controlled series compensation. Based on end-users, it is further classified as utilities, industries and others.

Access Report Detail @ https://www.marketresearchfuture.com/reports/series-compensationsystem-market-3990

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.  By Voltage  Low voltage  Medium voltage  High voltage  By Type  Static Series Compensation  Thyristor Controlled Series Compensation  By End User  Utilities  Industries  Others  By Regions

   

North America Asia Pacific Europe Rest of the World

About Market Research Future: 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.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com