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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.

 

Germany Flexible AC Transmission Systems Market Size, By Product, 2018 & 2025 (USD Million)

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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.
 

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.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

Overall flexible ac transmission systems market would exhibit a crcr of 9% through 2025.

flexible ac transmission systems market is likely to surpass a mammoth of $2.5 billion by the end of 2025.

Flexible AC Transmission Systems Market Scope

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Premium Report Details

  • Base Year: 2018
  • Companies covered: 11
  • Tables & Figures: 1321
  • Countries covered: 23
  • Pages: 650
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