This Global Flexible AC Transmission Systems market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.
Selbyville, DE -- (SBWIRE) -- 05/01/2019 -- FACTS Market will reach over USD 2.5 billion by 2025. Power transmission industry in the recent years has onlook significant growth on account of increasing demand for effective distribution & transmission control systems. Eminent players serving the FACTS market involves ABB, Rongxin, Infineon, GE, NR Electric, Hyosung, Siemens, Mitsubishi Electric, BHEL, Ingeteam and American Superconductor.
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Growing demand for refurbishment of conventional electrical network coupled with rising investments pertaining to efficient grid development will foster the FACTS market. Network reliability, economical costs and safe operation are the essential parameters that will positively impact the industry landscape.
Increased transmission capacity, improved system stability and less installation time are among the key factors augmenting the series FACTS market. Furthermore, improved life cycle of the electrical network along with increasing consumer interest pertaining to the installation of these units to protect the system peripherals will stimulate the industry dynamics.
Utility grid networks have been substantially influenced by government and regulatory directives toward the deployment of electric infrastructure. In addition, incorporation of renewable energy infrastructure accompanied by soaring fund flows from local regulatory institutions and authorities including the IFC, world bank and similar organizations across emerging nations will positively impact the industry landscape. Favorable government policies toward installation of distributed micro-grid infrastructure across isolated grid areas and rural electrification will positively influence the industry outlook.
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Voltage fluctuations, ability to limit unbalanced loads, resonance across variable reactive or active loads coupled with power oscillations have constituted a positive landscape for static var compensator units. Rising incorporation of energy efficient, secure, advanced fire-resistant and reliable electric equipment will further boost the FACTS industry.
132kV to 220kV FACTS market will witness growth on account of prevailing expansion of electric transmission infrastructure across residential & commercial installations. Aesthetic proximities coupled with flexible product configurations are the major advantages encouraging the product penetration. Furthermore, incorporation of sustainable energy network has compelled installers and utilities to focus on refurbishing the traditional electrical network.
FACTS market across Asia Pacific, Middle East and Africa has observed a considerable growth in line to the rising demand for effective distribution and transmission technologies. Increasing investments toward the electricity sector along with rising demand for revamping of existing electrical network will augment the industry landscape. For instance, in 2018, regulatory authorities across Saudi Arabia have announced to finance USD 130 billion toward its various Energy & Water projects.
Report Content
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Industry segmentation
Chapter 4 Flexible AC Transmission Systems Market, By Configuration
Chapter 5 Flexible AC Transmission Systems Market, By Product
Chapter 6 Flexible AC Transmission Systems Market, By Voltage
Chapter 7 Flexible AC Transmission Systems Market, By Application
Chapter 8 Flexible AC Transmission Systems Market, By End Use
Chapter 9 Flexible AC Transmission Systems Market, By Region
Chapter 10 Company Profiles
10.1 ABB
10.2 Siemens
10.3 General Electric
10.4 Mitsubishi Electric
10.5 BHEL
10.6 Infenion
10.7 Rongxin Power Ltd.
10.8 NR Electric
10.9 Hyosung
10.10 Ingeteam
10.11 American Superconductor
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