Series Compensation System Market Research Report- Forecast to 2027

Global Series Compensation System Market Information Report by Voltage (Low voltage, Medium Voltage and High Voltage), by Type, (Static Series Compensation and Thyristor Controlled Series Compensation), by End User (Utilities, Industries and Others) and by Region - Global Forecast To 2027

ID: MRFR/E&P/2673-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario:


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.


Series Compensation Systems are widely accepted across the world in the industrial & commercial sectors as a reliable & safety system. Series compensation system increases transmission capacity, improves system stability, controls voltage regulation and ensures proper load division among parallel feeders, as well as it improves the voltage at the loading end, reduces losses by lowering the expenditure in transmission. Also, compact design and low manufacturing cost allow their installation in various utilities and in the industrial sector. The constant need for electricity and the worldwide growth in grid infrastructure, will aid in the growth of global series compensation system market over the forecast period. However, fluctuating material costs may restrain the Global Series Compensation System Market.


The market is expected to grow at a CAGR of 5% during the forecast period.


Market Segmentation:


 Series Compensation System Market

Global Series Compensation System Market:


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. 


Key Players:


The key players of the Global Series Compensation System Market are 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) and Eaton Corporation Plc (Ireland). 


Study Objectives of Global Series Compensation System Market:



  • To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the Global Series Compensation System Market.

  • To provide insights about factors affecting the market growth.

  • To analyze the global series compensation system market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis.

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries.

  • To provide country level analysis of the market with respect to the current market size and future prospective.

  • To provide country level analysis of the market for segments by material type, product, application and region.

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Series Compensation System Market. 


Intended Audience:



  • Distributer & Supplier companies

  • End Users

  • Consultants and Investment bankers

  • Government as well as Independent Regulatory Authorities 


Product Analysis:



  • Product matrix which gives a detailed comparison of the market for different recycled product types


Additional Information:



  • Regulatory Landscape

  • Pricing Analysis

  • Macroeconomic Indicators


Geographic Analysis:



  • Geographical analysis across 15 countries


Company Information:



  • 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


The report for Global Series Compensation System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   5% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Voltage, Type, End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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) and Eaton Corporation Plc (Ireland)
  Key Market Opportunities

  • Rapid industrialization & urbanization
  • Fast economic growth in countries such as India and China
  •   Key Market Drivers

  • Reliable electric supply
  • Maximum safety in transmission & distribution network
  • Matured electric grid structures with modern upgraded ones


  • Frequently Asked Questions (FAQ) :


    The global Series compensation is expected to record a substantial market valuation due to the high operational efficiency, improved system stability, among others.

    The global Series compensation is projected to register a moderate 5% CAGR in the forecast period.

    The fixed series compensation segment is slated to expand as the fastest-growing segment.

    A few major market players operating in the global Series compensation are ABB Ltd. (Switzerland), Siemens AG (Germany), Adani Transmission Limited (India), among others.

    Table of Contents:

    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

    6.1. Introduction

    6.2 Utilities

    6.3 Industries

    6.4 Others

    7 Regional Market Analysis

    7.1 Introduction

    7.2 North America

    7.2.1 U.S.

    7.2.2 Canada

    7.3 Europe

    7.3.1 U.K

    7.3.2 France

    7.3.3 Germany

    7.3.4 Spain

    7.3.5 Rest of Europe

    7.4 Asia-Pacific

    7.4.1 China

    7.4.2 Japan

    7.4.3 India

    7.4.4 Rest of Asia-Pacific

    7.5 Rest of the World

    8 Competitive Analysis

    8.1 Introduction

    8.2 Competitive Scenario

    8.2.1 Market Share Analysis

    8.2.2 Market Development Analysis

    8.2.3 End User/Service Benchmarking

    8.3 Siemens AG (Germany),

    8.3.1 Overview

    8.3.2 Product/Service Offering

    8.3.3 Strategy

    8.4 NR Electric Co. (China)

    8.4.1 Overview

    8.4.2 Product/Service Offering

    8.4.3 Strategy

    8.5 General Electric Company (U.S)

    8.5.1 Overview

    8.5.2 Product/Service Offering

    8.5.3 Strategy

    8.6 ABB Ltd. (Switzerland)

    8.6.1 Overview

    8.6.2 Product/Service Offering

    8.6.3 Strategy

    8.7 Alstom SA. (France)

    8.7.1 Overview

    8.7.2 Product/Service Offering

    8.7.3 Strategy

    8.8 Mitsubishi Electric Corporation (Japan)

    8.8.1 Overview

    8.8.2 Product/Service Offering

    8.8.3 Strategy

    8.9 L&T Electrical & Automation (India)

    8.9.1 Overview

    8.9.2 Product/Service Offering

    8.9.3 Strategy

    8.10 Energe Capacitors Pvt. Ltd. (India)

    8.10.1 Overview

    8.10.2 Product/Service Offering

    8.10.3 Strategy

    8.11 Adani Transmission Limited (India)

    8.11.1 Overview

    8.11.2 Product/Service Offering

    8.11.3 Strategy

    8.12 Hyosung Corporation (South Korea)

    8.12.1 Overview

    8.12.2 Product/Service Offering

    8.12.3 Strategy

    8.13 Eaton Corporation Plc (Ireland)

    8.13.1 Overview

    8.13.2 Product/Service Offering

    8.13.3 Strategy

    LIST OF TABLES:

    TABLE 1 Global Series Compensation System Market, By Type

    Table 2 Global Series Compensation System Market, By Voltage

    Table 3 Global Series Compensation System Market, By End-User

    Table 4 Global Series Compensation System Market, By Regions

    Table 5 North America Series Compensation System Market, By Type

    Table 6 North America Series Compensation System Market, By Voltage

    Table 7 North America Series Compensation System Market, By End-User

    Table 8 U.S. Series Compensation System Market, By Type

    Table 9 U.S. Series Compensation System Market, By Voltage

    Table 10 U.S. Series Compensation System Market, By End-User

    Table 11 Canada Series Compensation System Market, By Type

    Table 12 Canada Series Compensation System Market, By Voltage

    Table 13 Canada Series Compensation System Market, By End-User

    Table 14 Europe Engineering Plasticmarket, By Type

    Table 15 Europe Series Compensation System Market, By Application

    Table 16 Europe Series Compensation System Market, By End-User

    Table 17 Germany Series Compensation System Market, By Type

    Table 18 Germany Series Compensation System Market, By Voltage

    Table 19 Germany Series Compensation System Market, By End-User

    Table 20 France Series Compensation System Market, By Type

    Table 21 France Series Compensation System Market, By Voltage

    Table 22 France Series Compensation System Market, By End-User

    Table 23 U.K. Series Compensation System Market, By Type

    Table 24 U.K. Series Compensation System Market, By Voltage

    Table 25 U.K. Series Compensation System Market, By End-User

    Table 26 Rest Of Europe Series Compensation System Market, By Type

    Table 27 Rest Of Europe Series Compensation System Market, By Voltage

    Table 28 Rest Of Europe Series Compensation System Market, By End-User

    Table 29 Asia-Pacific Series Compensation System Market, By Type

    Table 30 Asia-Pacific Series Compensation System Market, By Voltage

    Table 31 Asia-Pacific Series Compensation System Market, By End-User

    Table 32 Rest Of World Series Compensation System Market, By Type

    Table 33 Rest Of World Series Compensation System Market, By Voltage

    Table 34 Rest Of World Series Compensation System Market, By End-User

    LIST OF FIGURES:

    Figure 1 Research Application

    Figure 2 Global Series Compensation System Market: By Type (%)

    Figure 3 Global Series Compensation System Market: By Voltage (%)

    Figure 4 Global Series Compensation System Market: By End-User (%)

    Figure 5 Global Series Compensation System Market: By Region

    Figure 6 North America Series Compensation System Market, By Type (%)

    Figure 7 North America Series Compensation System Market, By Voltage (%)

    Figure 8 North America Series Compensation System Market, By End-User (%)

    Figure 9 North America Series Compensation System Market, By Countries (%)

    Figure 10 Europe Series Compensation System Market, By Type (%)

    Figure 11 Europe Series Compensation System Market, By Voltage (%)

    Figure 12 Europe Series Compensation System Market, By End-User (%)

    Figure 13 Europe Series Compensation System Market, By Countries (%)

    Figure 14 Asia-Pacific Series Compensation System Market, By Type (%)

    Figure 15 Asia-Pacific Series Compensation System Market, By Voltage (%)

    Figure 16 Asia-Pacific Series Compensation System Market, By End-User (%)

    Figure 17 Asia-Pacific Series Compensation System Market, By Countries (%)

    Figure 18 Row Series Compensation System Market, By Type (%)

    Figure 19 Row Series Compensation System Market, By Voltage (%)

    Figure 20 Row Series Compensation System Market, By End-User (%)

    Figure 21 Row Series Compensation System Market, By Countries (%)