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Fixed Series Compensation Market Analysis

  • Report ID: GMI5298
  • Published Date: Aug 2022
  • Report Format: PDF

Fixed Series Compensation Market Analysis

North America Fixed Series Compensation Market, By Type

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In terms of type, the fixed series compensation market is segregated into low, medium, and high voltages. Low-voltage FSC held a market share of over 20% in 2021. The demand for low-voltage fixed series compensation will witness substantial growth by end of 2030 owing to the need to reduce voltage instability and improve the power factor of connected devices. Residential or utility and small commercial customers primarily require low voltages, i.e., less than 1,000 V of voltage.
 

By application, the fixed series compensation market is categorized into oil & gas, utilities, and others. The utilities segment will attain about 5% gains through 2030. The surging demand for electricity in developed and emerging nations has put an excessive burden on the existing electricity grid network infrastructure. Fixed series compensation finds usage in utilities for managing and maintaining grid efficiency & reliability at its full capacity, which will propel product uptake in these purposes.
 

Europe Fixed Series Compensation Market Size By Country

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Regionally, the global fixed series compensation market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
 

The Latin America FSC industry is expected to reach a valuation of around USD 25 million by 2030. The region is observing a widespread espousal of Industry 4.0 by several enterprises across various sectors. The increasing demand from numerous sectors, such as oil & gas and power, to cut asset downtime & lead time, improve product efficiency, and reduce retail shrinkage will drive regional market growth.

Additionally, Europe is also poised to record significant growth rate of approximately 5% through the forecast period.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

In 2021, the market size of fixed series compensation surpassed USD 250 million in revenue and may grow at 5% CAGR over 2022-2030 driven by prevalent demand for robust electricity infrastructure.

The utilities segment will grow at a CAGR of approximately 5% through 2030 as fixed series compensation finds extensive usage in utilities for managing and maintaining grid efficiency & reliability at its full capacity.

The low voltage fixed series compensation segment held around 20% market share due to its wide utilization in residential and commercial areas and the ability of low voltage FSC to reduce voltage instability and improve the power factor of connected devices.

The Europe fixed series compensation industry will attain over 5% gains from 2022 to 2030 as a result of rising electricity demand in the region, particularly owing to soaring industrial production and population growth.

Fixed Series Compensation Market Scope

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 11
  • Tables & Figures: 166
  • Countries covered: 14
  • Pages: 176
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