Fixed Series Compensation Market Analysis

Type (Low Voltage, Medium Voltage, High Voltage)

The low voltage segment is estimated to hold 44% share of the global fixed series compensation market by 2037. The demand for low-voltage fixed series compensation will witness substantial growth by the end of 2037, due 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.

Application (Utilities, Oil & gas, steel, and Mining)

The utilities segment in the fixed series compensation market is expected to garner significant revenue share during the forecast period. 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 for these purposes.

Our in-depth analysis of the global fixed series compensation market includes the following segments: