Fixed Series Compensation Market - By Type (Low voltage, Medium voltage, High voltage), By Application (Utilities, Oil & gas, Others) & Forecast, 2022 - 2030

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.