Global FACTS Market size to exceed $2.5 bn by 2025

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

Power transmission industry over the years, has witnessed substantial growth on account of growing demand for effective T&D control systems. Rising demand for revamping of traditional electrical network in line with soaring fund flow towards efficient grid enhancement will drive the FACTS market. Safe operation, network reliability and economical costs are some of the key factors projected to stimulate the industry landscape.

 

Request Sample Buy NowInquiry Before Buying

 

Improved system stability, lesser installation time and increase in transmission capacity are few essential parameters augmenting the installation of series FACTS market. Moreover, favorable consumer inclination toward the installation of these products to safeguard the system peripherals coupled with enhanced operational life of the electric network will further boost the industry dynamics.
 

Ability to curb unbalanced loads, voltage fluctuations, resonance across varying active or reactive loads along with power oscillations have incorporated a positive scenario for SVC units. Increasing integration of energy efficient, reliable, secure and advanced fire-resistant electric equipment have further upscaled the FACTS market share.
 

FACTS Market

Get more details on this report - Request Free Sample PDF
 

Increase of thermal loading, power flow control, decrease in short circuit level, loop flows control, post-contingency voltage control are the few indispensable parameters favoring the growth of FACTS units across steady state deployments. Moreover, improved voltage stability, greater reliability, reduced losses in power systems and fast acting switching response will nurture the overall FACTS market.
 

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 (U.S., Canada, Mexico, Germany, UK, Ireland, Norway, France, Spain, Sweden, China, India, Japan, South Korea, Indonesia, Malaysia, Vietnam, Saudi Arabia, Qatar, UAE, South Africa, Brazil, Argentina), 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

 

Ongoing enhancement of transmission infrastructure across commercial & residential installations have strengthened the 132kV to 220kV FACTS market. Versatile product configurations along with aesthetic proximities are the key factors enhancing the product penetration. In addition, institution of sustainable energy infrastructure has obligated utilities and installers to focus on revamping the existing electrical network.
 

Process and manufacturing industries in the recent years, are crucial across emerging regions for investments and revenue realization. Developed countries have also observed substantial dependency on processed & manufactured units which in turn have shifted installer & utility inclination toward the adoption of effective grid infrastructure across their platforms. Increasing global mining activities & metal extraction have further led to an upsurge in demand for power networks to ensure continual operations & process reliability which in turn will amplify the FACTS market share.
 

FACTS market across Africa, Asia Pacific and Middle East has observed a substantial growth in conjunction to the increasing demand for efficient transmission & distribution technologies. Growing demand for retrofitting of prevailing electrical coupled with rising fund allocation across the electricity sector will enhance the industry outlook. Regulators across Saudi Arabia, in 2018 have proposed to capitalize amount worth USD 130 billion in their Water & Energy projects.
 

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

 

Inquiry Before BuyingRequest Sample
 

Flexible AC transmission systems (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:

Flexible AC Transmission Systems Industry, By Configuration

  • Series
  • Shunt
  • Combined

Flexible AC Transmission Systems Market, By Product

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

Flexible AC Transmission Systems Market, By Voltage

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

Flexible AC Transmission Systems 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

Flexible AC Transmission Systems 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

We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info. I Agree