Fixed Series Compensation Market Size

Fixed Series Compensation Market size is expected to cross USD 493 Million by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of fixed series compensation was over USD 275 Million. As power grids expand and face increasing demands, especially in urban areas and developing regions, there’s a need for technologies like Fixed series compensati0n to enhance grid stability and reliability. The US electric load is growing significantly, as estimated by the Federal Energy Regulatory Commission, grid planners expect nationwide electricity demand to grow 4.7% over the next 5 years. This provided for prospective opportunities for the market’s growth.

Additionally, as analyzed by Research Nester analysts, the global energy demand is expected to reach about 660 quadrillions Btu in 2050, growing energy consumption worldwide necessitates efficient power generation technologies & transmission.   FSC systems optimize power flow, reducing transmission losses and ensuring smooth energy delivery over long distances.