Series Compensation System Market Research Report- Forecast to 2027

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

Series Compensation System Market Scenario:


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


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.


Key Players:


The key players of the Global Series Compensation System Market are General Electric (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). 


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. 


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.