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(CityRegions.Com, August 18, 2017 ) Dallas, TX -- According to Stratistics MRC, the Global Flexible AC Transmission Systems (FACTS) market is estimated at $1.01 billion in 2015 and is expected to reach $1.56 billion by 2022 growing at a CAGR of 6.4% from 2015 t2022. Government initiatives for flexible AC transmission systems (FACTS) implementation and rising demand for voltage and power control solutions are some of the key factors fueling the market growth. Whereas low awareness and high installation costs are the factors hampering the market. Adoption in renewable source of power generation is opportunity factor for market growth.
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Electric Utilities in Vertical segment holds the lucrative share and is expected to move with highest CAGR during forecast period owing to rise in demand for electronic devices. Static var compensator (SVC) of shunt compensation segment holds the largest share. North America accounted for highest share owing to increase in smart grid projects in Canada and United States. Asia Pacific is anticipated to grow at highest CAGR during forecast period owing to increase in government support and renewable power sources in countries like India, Japan and China.
Some of the key players in the market include General Electric, NR Electric Co., Ltd., Crompton Greaves, ABB Ltd., Adani Power, Corpoelec, Quanta Technology, Mitsubishi Electric Corporation, Hyosung, Beta Engineering, Siemens AG, America Superconductor Corporation, Eaton Corporation PLC, Nampower, American Electric Power, Toshiba, Alstom, Xian Electric Engineering and Electranix.
Applications Covered:
Dynamic State Applications
Steady State Applications
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Component Types Covered:
Phase-Shifting Transformers (PST)
Protection and Control Systems
Power Electronics Devices
Gis Switchgear
Thyristors
Capacitor Banks
Surge Arresters
Reactors
Verticals Covered:
Oil & Gas
Electric Utilities
Renewables
Solar Farms
Wind Power Grids
Offshore Sea Cables
Onshore
Industrial
Mining
Steel
Railways
Compensation Types Covered:
Series Compensation
Thyristor Series Capacitor
FSC (Fixed Series Capacitor)
Recent Technological Developments in FACTS Market
Generalized Unified Power Flow Controller(GUPFC)
Csc (Convertible Synchronous Compensator)
Static Synchronous Series Compensator (SSSC)
Thyristor Protected Series Capacitor (TPSC)
Shunt Compensation
Static Var Compensator (SVC)
Static Synchronous Compensator (Statcom)
Combined Series and Shunt Compensation
Interline Power Flow Controller (IPFC)
Unified Power Flow Controller (UPFC)
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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