Market Research Future (MRFR) has announced the release of a new market research report. The report talks about the Global Series Compensation System Market in terms of its future growth potential, present statistics, and the intricate nature of the market’s inner workings and dynamics. The major factors that have an impact on the Global Series Compensation System Market’s growth are assessed in the report to quantify and measure their impact on the market’s growth over the forecast period. The leading players in the global series compensation system market are also analyzed in the report to provide readers with a clear idea of the competitive dynamics in the market. According to the report, the global series compensation system market is expected to grow at a CAGR of 5% over the forecast period from 2018 to 2023.
Series compensation systems are an electrical apparatus that allows the user or installer to maximize the volume of current flowing through the grid/local system and reducing the probability of voltage drop over long distances. They use capacitors to achieve this effect, decreasing the reactive impedance of the transmission line. Series compensation systems have become indispensable in industrial applications and utilities, where they allow maximum utilization of the available resources and reduce power wastage. The industrial sector is likely to emerge as one of the leading application areas for the series compensation system market globally, as the growth of the industrial sector is being taken seriously by a number of developing as well as developed countries across the world. Series compensation systems are installed on electrical distribution systems of the highest voltage rating, as these systems encounter the loss of voltage over long distances most frequently.
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.
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Leading players in the Global Series Compensation Systems Market include
- General Electric Company
- ABB Ltd.
- NR Electric Co.
- Mitsubishi Electric Corporation
- Energe Capacitors Pvt. Ltd.
- Eaton Corporation PLC
- L&T Electrical & Automation
- Hyosung Corporation
- Adani Transmission Limited
- Siemens AG
The Global Series Compensation System Market is segmented into fixed series compensation and thyristor-controlled series compensation on the basis of type.
On the basis of Voltage
- Low series compensation
- Medium series compensation
- High voltage series compensation
By End user
- Distributer & Supplier companies
- End Users
- Consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies
Browse The Full Research Report At@ https://www.marketresearchfuture.com/reports/series-compensation-system-market-3990
Table of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
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
4.2 Static Series Compensation
4.3 Thyristor Controlled Series Compensation
5 Global Series Compensation System Market, By Voltage
5.2 Low Voltage
5.3 Medium Voltage
5.4 High Voltage
6 Global Series Compensation System Market, By End-User
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