Global FACTS Market size to exceed $2.5bn by 2025

FACTS Market size will exceed USD 2.5 Billion by 2025, as reported in the latest study by Global Market Insights Inc.
 

Increasing penetration of power distributed generation systems and smart grid infrastructure have compelled the installers to abide by efficient power supply technologies will boost the FACTS market. Rapid suburban migration supported by rising dependence on manufactured goods have shifted the industry focus towards the development of residential, commercial & industrial based electricity setup. Furthermore, incorporation of heavy-duty industrial machines positively influenced by significant motor control systems will complement the product adoption.
 

U.S. FACTS market is predicted to witness an annual installation of over 2’000 MVAr by 2025. Rising demand owing to increasing investments toward the retrofitting of local electricity network and enhancement of long-route grid network have energized the industry landscape. The United States Department of Energy, in 2017, announced to allocate funds worth USD 220 million to upscale the country’s power grid infrastructure over next three years.
 

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Low installation cost in comparison to the available alternatives, improved efficiency coupled with high rating across distribution circuitry are the key factors positively swaying the shunt systems. Furthermore, limited efficient electricity infrastructure across developing nations in association with shifting focus toward the renovation of existing network have further integrated a favorable business scenario.
 

Browse key industry insights spread across 650 pages with 1296 market data tables & 25 figures & charts from the report, “Flexible AC Transmission Systems Market Size By Configuration (Series, Shunt, Combined), By Product (SVC, TCSC, STATCOM, UPFC), By Voltage (132 kV to 220 kV, > 220 kV to 660 kV, > 660 kV), By Application (Steady State {Congestion Management, ATC Improvement, Reactive Power & Voltage Control, Loading Margin Improvement, Power Flow Balancing & Control}, Dynamic {Transient Stability Enhancement, Oscillation Damping, Dynamic Voltage Control, SSR Elimination, Power System Interconnection), By End Use (Utilities, Renewables [Wind (Onshore, Offshore), Solar], Smart Grid, Railways, Metal & Mining Industries, Oil & Gas), Industry Analysis Report, Regional Analysis, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/flexible-ac-transmission-systems-market
 

Adoption of renewable energy network has impelled installers and utilities to focus on restoration of the existing electrical infrastructure. The traditional systems are being advanced and developed depending on the bandwidth & resonating frequencies to sustain the instability across the sustainable establishments. Henceforth, positive regulatory & consumer inclination towards the infusion of renewable electricity setup will foster the overall industry share.
 

Dynamic application across the flexible AC transmission systems market is predicted to exceed USD 1.5 billion by 2025. These units owing to their effective ability to offer voltage control, SSR elimination, oscillation damping, and transient stability enhancement will stimulate the business growth. Unbalanced load & harmonic volatility conditions and current fluctuations have constantly been hampering the revenue realization & grid sustainability across developing countries. Henceforth, growing peak load demand along with paradigm shift towards effective grid infrastructure will further complement the technological deployment.
 

Transportation industry holds the majority share on account of immense dependence of utilities, manufacturers, product suppliers, government agencies and similar merchants for the delivery of their processed units. Henceforth, reliable and safe power supply across these peripherals has gained significant upsurge. Moreover, ongoing technological advancements and industrial shift pertaining to the incorporation of electric powered transportation yards & premises will escalate the industry growth.
 

Prominent FACTS market players include American Superconductor, Infineon, Hyosung, Ingeteam, Rongxin, NR Electric, BHEL, Siemens, Mitsubishi, ABB and General Electric.
 

FACTS market research report includes in-depth coverage of the industry with estimates & forecast in terms of “MVAr” & “USD” from 2014 to 2025, for the following segments:
 

FACTS Market, By Configuration

• Series
• Shunt
• Combined

FACTS Market, By Products

• Static Var Compensator (SVC)
• Thyristor Controlled Series Capacitor (TCSC)
• Static Synchronous Compensator (STATCOM)
• Unified Power Flow Controller (UPFC)
• Others

FACTS Market, By Voltage

• 132kV to 220kV
• > 220kV to 660kV
• > 660kV

FACTS Market, By Application

• Steady State
  • Congestion Management
  • ATC Improvement
  • Reactive Power and Voltage Control
  • Loading Margin Improvement
  • Power Flow Balancing and Control
• Dynamic
  • Transient Stability Enhancement
  • Oscillation Damping
  • Dynamic Voltage Control
  • SSR Elimination
  • Power System Interconnection
• Others

FACTS Market, By End Use

• Utilities
• Renewables
  • Wind
    • Onshore
    • Offshore
  • Solar
• Smart Grid
• Railways
• Metal & Mining Industries
• Oil & Gas
• Others

The above information is provided on regional and country basis for the following:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Ireland
  • Norway
  • France
  • Spain
  • Sweden
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Vietnam
• Middle East & Africa
  • Saudi Arabia
  • Qatar
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina