What is the size of the fixed series compensation market?

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.

Which application area would prove profitable for fixed series compensation industry growth?

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.

How big is the low voltage fixed series compensation industry?

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.

Which factors will boost Europe fixed series compensation business expansion?

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 Size

Report ID: GMI5298

Published Date: August 2022

Report Format: PDF

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Fixed Series Compensation Market Size

Fixed Series Compensation Market size exceeded USD 250 million in revenue in 2021 and is expected to grow at a CAGR of more than 5% from 2022 to 2030. Prevalent demand for robust electricity infrastructure is likely to fuel the industry growth.

High government emphasis on maximizing the safety of high-voltage transmission lines will have a prominent impact on the demand for reactive power compensation. Furthermore, mounting integration of energy grid infrastructure with renewable sources of energy will promote industry progression.

Continuous product advancements will boost the fixed series compensation market development. Companies are indulging in strategic growth partnerships and expanding manufacturing facilities to improve their position. Additionally, government investments in grid infrastructure projects benefit companies in terms of revenue generation.

Inflated cost of operation and sluggish technological evolution

The unforeseen fluctuations in raw material costs, demand & supply gap, commodity price volatility, and unstable product value chain are hindering final tool & equipment prices, thereby hampering product adoption among customers.

However, sizable government investments in improving grid infrastructure across the globe and companies collaborating to bolster stability in power transmission lines will stimulate fixed series compensation market outlook.

Authors: Suraj Gujar,

Frequently Asked Question(FAQ) :

What is the size of the fixed series compensation market?: 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.
Which application area would prove profitable for fixed series compensation industry growth?: 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.
How big is the low voltage fixed series compensation industry?: 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.
Which factors will boost Europe fixed series compensation business expansion?: 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.

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Authors: Suraj Gujar,

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Base Year: 2021

Companies covered: 11

Tables & Figures: 166

Countries covered: 14

Pages: 176

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Fixed Series Compensation Market Size

Fixed Series Compensation Market Size

Inflated cost of operation and sluggish technological evolution

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