Lucintel Forecasts The Flexible Ac Transmission System Market In South Africa To Reach $3 Billion By 2031

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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 $3 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.
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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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