Flexible AC Transmission System (FACTS) Market By Type (Combined shunt & series compensation, Shunt compensation, Series compensation), By Component Type (Capacitor banks, GIS switchgear, Reactors, Power electronic devices, Thyristors), By Application Type (Dynamic state, Steady state), By Industry Vertical (Railways, Renewables, Oil & gas, Electric utilities, Industrial), Industry Trends, Estimation & Forecast, 2017 - 2025

August 2018

 Pages: 184

 ERC 2683

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Flexible AC transmission system (FACTS) market is expected to grow with a CAGR of 9% during the forecast period of 2018 to 2025.

Flexible AC transmission system (FACTS) is a new integrated concept based on power-electronic based convertor, which enhances the reliability, stability, and power quality of AC transmission system. FACTS offers control to one or more AC transmission systems by incorporating a power electronic based system & other static equipment. The surging demand for superior quality high power & voltage and high network consistency from various industries such as electric utilities, railways, and oil & gas is the key driving factor of flexible AC transmission system market. The modern high speed rail traction systems must ensure that the supply voltages are stable and do not sag, thus the incorporation of FACTS ensures adequate power quality with stable voltages. For instance, National High Speed Rail Corporation Ltd. is commencing a high speed train between Ahmedabad and Mumbai, with a total corridor length of around 510 km. The initiation of such high speed train projects in the developing countries is expected to provide ample opportunities for the growth of flexible AC transmission system in the global market.

FACTS offers solutions to relieve the power transmission bottlenecks quickly, thereby, minimizing the risk for complete blackouts. This system also integrates renewable energy sources like wind power into the main stream power grids. In addition to this, FACTS plays a major role in improving power quality, and ensuring efficient energy utilization & management in the smart grid systems. The surging adoption of smart grid systems, owing to the increasing demand for renewable energy is anticipated to elevate the adoption of flexible AC transmission system. However, the high cost associated with the installation of FACTS is the major factor impeding the growth of flexible AC transmission system market. On the other hand, increasing global population, and surging demand for renewable energy sources due to the unavailability of fossil fuels are expected to provide lucrative opportunities to the leading manufactures active in flexible AC transmission system market.
The report provides detailed qualitative and quantitative analysis of the flexible AC transmission system market. Market size and forecast in terms of value and volume has been provided for the period - (2017 - 2025), for the segments namely type, component type, application, and industry vertical in each of the major regions.

Flexible AC Transmission System (FACTS) Market Player Analysis –

The report presents detailed analysis of major players operating in flexible AC transmission system. Few of them include Siemens AG, ABB Ltd., General Electric, Mitsubishi Electric Corp., Alstom, Eaton Corp PLC, Adani Power, American Electric Power, NR Electric Co. Ltd., Xian Electric Engineering, and Hyosung. A detailed coverage on these market players with information on their revenue from flexible AC transmission system business, market share, gross margin and their growth strategies have been provided in the report.

Market Segmentation

Flexible AC transmission system market is segmented on the basis of type, component type, application, industry vertical, and geography. On the basis of type, the market is categorized into combined shunt & series compensation, shunt compensation, and series compensation. By component type, the market is segmented into capacitor banks, GIS switchgear, reactors, power electronic devices, Thyristors, and other. Application wise, the market is segregated into dynamic state and steady state. On the basis of industry vertical, the market is bifurcated into railways, renewables, oil & gas, electric utilities, industrial, and other. Geographical coverage has been provided for each of the major regions including North America, Europe, Asia-Pacific, South America and Rest of the World.

Flexible AC Transmission System (FACTS) Market Segmentation

By Type
• Combined shunt & series compensation
• Shunt compensation
• Series compensation

By Component Type
• Capacitor banks
• GIS switchgear
• Reactors
• Power electronic devices
• Thyristors
• Other

By Application Type
• Dynamic state
• Steady state

By Industry Vertical
• Railways
• Renewables
• Oil & gas
• Electric utilities
• Industrial
• Others

By Geography
• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• France
• Germany
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Korea
• Rest of APAC
• South America
• Brazil
• Rest of South America
• Rest of the World
• Middle East
• Africa

Flexible AC Transmission System (FACTS) Market Key Players

• Siemens AG
• ABB Ltd.
• General Electric
• Mitsubishi Electric Corp.
• Alstom
• Eaton Corp PLC
• Adani Power
• American Electric Power
• NR Electric Co. Ltd.
• Xian Electric Engineering
• Hyosung

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    What Information does this report contain?

    • What was the market size of the Flexible AC Transmission System (FACTS) Market in 2017 and the expected market size by 2025, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2017 - 2025)?
    • Which are the leading companies in the Flexible AC Transmission System (FACTS) Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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