Lucintel Forecasts the Flexible AC Transmission System Market in South Africa to Reach $2.7 billion by 2031
Lucintel Forecasts the Flexible AC Transmission System Market in South Africa to Reach $2.7 billion by 2031
Blog Article
According to a market report by Lucintel, the future of the flexible AC transmission
system market in South Africa looks promising with opportunities in the utility,
renewable, industrial, and railway markets. The flexible AC transmission system market
in South Africa is expected to reach an estimated $2.7 billion by 2031, with a CAGR of
7.9% from 2025 to 2031. The major drivers for this market are an expansion of
transmission lines, an increasing need for STATCOM devices to regulate voltage, and
escalating integration of renewable energy into power grids.
A more than 150-page report to understand trends, opportunity and forecast in flexible
AC transmission system market in South Africa to 2031 by generation (first generation
and second generation), function (voltage control, network stabilization, transmission
capacity, and harmonic suppression), application (voltage control and power control),
and end use (utilities, renewables, industrial, railways, and others).
Lucintel forecasts that, within the generation category, the second generation will
remain the larger segment over the forecast period.
Within the end use category, utility will remain the largest segment over the forecast
period.
Download sample by clicking on flexible AC transmission system market in South Africa
This unique research report will enable you to make confident business decisions in this
globally competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than
1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust
market & unmet needs analysis. We are based in Dallas, TX and have been a trusted
advisor for 1,000+ clients for over 20 years. We are quoted in several publications like
the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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