Flexible AC Transmission Systems (FACTS) - Global Market Outlook (2016-2022)

Flexible AC Transmission Systems (FACTS) - Global Market Outlook (2016-2022)

  • Published: November 2016
  • ID: SMRC16030

According to StratisticsMRC, 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 to 2022. Government initiatives for flexible AC transmission systems (FACTS) implementation and rising demand for voltage and power control solutions are the factors fuelling the market growth. Whereas low awareness and high installation cost are the factors hampering the market. Adoption in renewable source of power generation is opportunity factor for market growth.

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 highest share owing to increase in smart grid projects in Canada and United States and 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

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
o Solar Farms
o Wind Power Grids
§ Offshore Sea Cables
§ Onshore
• Industrial
o Mining
o Steel
• Railways

Compensation Types Covered:
• Series Compensation
o Thyristor Series Capacitor
o FSC (Fixed Series Capacitor)
• Shunt Compensation
o Static Var Compensator (SVC)
o Static Synchronous Compensator (Statcom)
• Combined Series and Shunt Compensation
o Interline Power Flow Controller (IPFC)
o Unified Power Flow Controller (UPFC)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain  
o Rest of Europe    
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific    
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o 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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