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Flexible AC Transmission Systems Market Size
- Report ID: GMI3182
- Published Date: Aug 2019
- Report Format: PDF
Flexible AC Transmission Systems Market Size
Flexible AC Transmission Systems Market in 2018 surpassed an annual deployment of 11,000 MVAr and is anticipated achieve over 9% CAGR up to 2025.
Rising penetration of distributed generation technologies and smart grid networks have impelled installers to abide by effective power supply units driving the flexible AC transmission systems market. Large scale suburban migration favoured by growing dependency on manufactured goods have aligned focus towards the expansion of residential, commercial and industrial based electricity networks. Moreover, penetration of heavy-duty industrial machineries along with large-scale motor control operations will further augment the product demand.
| Report Attribute | Details |
|---|---|
| Base Year: | 2018 |
| Flexible AC Transmission Systems Market Size in 2018: | 11000 MVAr |
| Forecast Period: | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR: | 9% |
| 2025 Value Projection: | 2.5 Billion (USD) |
| Historical Data for: | 2014 to 2018 |
| No. of Pages: | 650 |
| Tables, Charts & Figures: | 1,321 |
| Segments covered: | Configuration, Product, Voltage, Application, End Use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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In the recent years, the industry has gained significant impetus on account of government schemes supporting the deployment and expansion of electricity grid networks along with stand-alone micro-grid projects across regions with limited or restricted access to electricity. In addition, expansion of process units, electric transportation networks, and special economic zones across developing nations have re-instated the technological adoption.
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Flexible AC Transmission Systems Market Scope
