Flexible AC Transmission Systems Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Report Code: ZMR-4181 | Report Format : | Status : Upcoming |

Abstract

Global Flexible AC Transmission Systems Market: Overview

A flexible AC transmission system (FACTS) is made up of a static device that finds application in AC transmission of electrical power. The use of the equipment is to bring improvement in the controllability and enhance the power transmitting efficiency of the grid.

Global Flexible AC Transmission Systems Market: Growth Factors

With the power transmission sector gaining traction currently as a result of escalating need for effective T&D control systems, it is more likely that the flexible AC transmission systems market will gain momentum in the ensuing years.

The burgeoning necessity for retrofitting of already set up the electrical infrastructure and massive funding for efficient expanding the grid network will leverage the overall market trends. Lower costs, operational efficacy, and system dependability are few of the vital aspects anticipated to amplify the business space.

Moreover, the business in the recent scenario is getting prominence, owing to the escalating issues occurring as a result of faults detected in the electrical supply, and other operational hazards. Giant industry players implementing effective business strategies to increase their operational capabilities will catapult the market scope.

Global Flexible AC Transmission Systems Market: Segmentation

The global flexible AC transmission systems market can be classified into the configuration system, voltage, product type, application, and end use. Configuration system wise, the market is segmented into series, combined, and shunts systems. Product type wise, the market is classified into SVC, UPFC, TCSC, and STATCOM. Based on the voltage, the flexible AC transmission systems market is classified into 132 kV to 220 kV, > 220 kV to 660 kV, and > 660 kV. Application wise, the market is classified into steady state and dynamic state. On the basis of end user, the market is divided into utilities, renewables, smart grid, railways, oil & gas, and metal & mining sectors.

Global Flexible AC Transmission Systems Market: Regional Analysis

Based on the region, the global flexible AC transmission systems market can be divided into five main regions: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America flexible AC transmission systems market is slated to experience an appreciable growth in the near future, owing to massive expending for bringing an advancement of long-route grid network and renewing of the local power system in the region. On other hand, the authorities in the U.S. are planning to set up electric substructure that will lead to a reduction in the cost rates across western T&D network, thereby spurring the regional market growth.

The rise in the demand for new T&D technologies in countries of the Asia Pacific and the Middle East & Africa will drive the market growth in these regions. Additionally, the burgeoning need for restoring of traditional electrical arrangement in alignment with high investments in the energy &power sector will embellish the regional scope

Europe and LATAM markets are projected to catalyze the market growth in the coming years as they possess huge untapped market growth potential as well as abundant natural resources& renewable sources for generating power.

Global Flexible AC Transmission Systems Market: Competitive Players

Some of key players in flexible AC transmission systems market are Rongxin, Amazon Web Services, Inc., NComputing Co. LTD., IBM Corporation, GE, Siemens, Ingeteam, AREVA T&D SA, ABB, VMware, Mitsubishi, BHEL, Siemens AG, NR Electric, Eaton Corporation PLC, Infineon, Hyosung, Dell Inc., ABB Ltd., Trench Group, Mitsubishi Electric Corporation, Cisco Systems, Citrix Systems, Inc., HP Development Company, L.P., S&C Electric Company, Square D, and  American Electric Power.

Global Flexible AC Transmission Systems Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Boiler Control Market by Boiler Type (Water Tube Boiler and Fire Tube Boiler), by Component (Hardware, and Software), by Control Type (Modulating and On/Off), and By End-Use Industry (Industrial, Commercial, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Jun-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4229 | Report Format:

This report offers a comprehensive glance at the boiler control market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based revenue (USD Billion) and volume (K Units). The complete study covers the key drivers and restra...Read More

Stone Crushing Equipment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4211 | Report Format:

Global Stone Crushing Equipment Market: Overview Stone crushing equipment also referred to as stone crushers are the machines that are made to reduce big rocks into smaller ones in the form of rock dust and gravel. These devices are also used to reduce the size of the rocks or alter its forms or...Read More

Occupant Classification System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4202 | Report Format:

Global Occupant Classification System Market: Overview Occupant classification system is a kind of passenger safety system formulated to determine the presence of passengers as per their seats. These systems are present in each vehicle manufactured in the current times and are helpful for securi...Read More

Gas Insulated Power Equipment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4201 | Report Format:

Global Gas Insulated Power Equipment Market: Overview These products are deployed as substation devices or receiving equipment for safe as well as stable power supply. The product has the ability to enclose store circuit breakers, earthing instruments, and isolator switches in metal containers ...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.