Navigation Links
Flexible AC Transmission System (FACTS) Market (Compensation, Component, Application, Industry Vertical) Worth $1,386.01 Million by 2018 - New Report by MarketsandMarkets

(PRWEB) September 04, 2013

According to the new market research report “Flexible AC Transmission System (FACTS) Market by Compensation (Shunt, Series, Combined), Component (Thyristors, Capacitor Banks, Reactors), Application, Industry Vertical (Electric Utilities, Steel, Mining), Global Forecast & Analysis (2013 - 2018)”, published by MarketsandMarkets, the value of the FACTS market was $912.85 million in 2012, and is expected to reach $1,386.01 million in 2018, at an estimated CAGR of 7.23% from 2013 to 2018.

Browse 93 market data tables and 63 figures spread through 343 pages and in-depth TOC on “Flexible AC Transmission System (FACTS) Market - Global Forecast & Analysis (2013 - 2018)”. Download a free sample report for Flexible AC Transmission System (FACTS) Market.

Early buyers will receive 10% customization on this report.

Flexible AC Transmission System (FACTS) is defined as a technology which consists of power electronics and other static components to increase controllability and power transfer ability of a network. FACTS devices provide higher flexibility and increased power transfer capacity on a transmission line, in order to facilitate stable and reliable power supply.

The growing demand for superior quality power supply and network reliability in electric utilities and industrial applications has created numerous opportunities for advanced power electronics based systems such as FACTS. The increasing burden laid on the existing power transmission lines in order to fulfill the ever growing electricity demand, is another factor that drives the growth of FACTS devices. The incidences such as the Northeast blackout (2003) in North America, presented the crucial need for advance methods, such as FACTS, for voltage and power control, in order to avoid further blackouts and power failures. Several research and technological developments are being carried out in the field of power electronics, which further extends the application areas of FACTS equipment.

The FACTS market segmentation revolves around three major areas: compensation type, industry verticals, and geography. Each of these areas is further divided into individual sub-categories. This report also covers the major components used in FACTS devices; such as power electronic devices, thyristors, reactors, and capacitor banks, as well as the applications (steady state and dynamic applications).This report makes a note of the major devices such as Static Var Compensator (SVC), Static Synchronous Compensator (STATCOM), Fixed Series Capacitor (FSC), Thyristor Controlled Series Capacitor (TCSC), and Unified Power Flow Controller (UPFC). SVC is the most widely used FACTS device, and accounts for more than 90% of the overall shunt compensation (SVC and STATCOM) market revenue in 2013. Among all the FACTS devices, SVC is expected to be the market leader in the coming five years, also; whereas, the applications of UPFC will remain a niche.

The market is also segmented on the basis of industry verticals or end users that include electric utilities, steel industry, mining, and others (wind power, railways). Electric utilities accounts for the maximum market share in terms of the market revenue followed by steel industry and mining. The different factors such as environmental legislations, land availability issues, government regulatory norms in licensing & building of transmission lines, and integration of renewable sources in power grids, are expected to surge the demand of FACTS devices in diverse industry verticals such as wind farms and railways.

This report examines the ”Global Flexible AC Transmission System Market” from all the market aspects such as drivers, restraints, future opportunities, burning issues, and winning imperatives; in detail. The report also covers all the market sub-segments of the market through detailed classifications, with qualitative and quantitative analysis at each and every aspect of the classification (by Compensation type, Industry vertical & Geography).The company profiles of key market players, component manufacturers, and end-users are also included in the report for an in-depth understanding of the global market scenario. The report further includes the competitive landscape of the global FACTS market that consists of market share analysis, mergers and acquisitions, partnerships, new product developments, and the key growth strategies of the major market players.

In this report, the global FACTS market is segmented into four major geographical regions, namely Americas, Europe, APAC, and ROW. Presently, Americas is the largest contributor in FACTS market as of 2012; and is forecast to keep a strong position over the forecast period from 2013 to 2018. However, APAC is the emerging and fastest growing market, where countries like China, India, and Australia will be the most promising future markets for the FACTS devices. APAC is expected to overcome Americas in terms of the market revenue during the forecast period from 2013 to 2018.Europe is also projected to be a major market for FACTS, because of the strong government initiatives for integrating wind power in power grids in order to ensure clean energy generation in this region.

Browse related reports

HVDC Transmission Market by Technology (LCC/VSC), Configuration (Back To Back, Monopolar, Bipolar, Multi-Terminal), Power Rating (Below 500 MW, 501 MW - 999 MW, 1000 MW - 2000 MW & Above 2000 MW), Application, Component & Geography (2013 - 2018)

Silicon Carbide (SiC) Semiconductor Materials and Devices (Discretes & Chips) Market, Global Forecasts & Analysis (2012-2022) - Focus on Wide Band Gap, Compound & Next Generation Power, Opto & High-Temperature Semiconductors

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including agriculture, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-6006-441
Email: sales(at)marketsandmarkets(dot)com
Visit MarketsandMarkets Blog @
Connect with us on LinkedIn @

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. HR Strategies Holds Flexible Spending Account and Voluntary Benefit Open Enrollment
2. Research to make UK manufacturing flexible and adaptable
3. Lack of awareness limits use of flexible career policies
4. Spectrum Surgical Releases Flexible Bone Reamer Cleaning Brushes
5. Bacterial Vaginosis Increases Female-to-Male HIV Transmission Risk
6. Glutamate neurotransmission system may be involved with depression risk
7. Tracking the spread of dengue fever: Domestic networks drive rapid transmission of human infection
8. Brain-to-brain interface allows transmission of tactile and motor information between rats
9. Tau transmission model opens doors for new Alzheimers, Parkinsons therapies
10. Cleveland Clinic Childrens Hospital research suggests transmission of respiratory viruses in utero
11. New Glass Block Garage Windows Offer Updated Look, Security and Light Transmission In The U.S. Home's Latest "Multipurpose" Room – Innovate Building Solutions
Post Your Comments:
(Date:11/29/2015)... , ... November 29, 2015 , ... While conventional walkers ... or provide ready access to exercise weights. Fortunately, an inventor from Uniontown, Pa., has ... TOMMY WALKER to enhance the benefits of a standard walker to improve the user’s ...
(Date:11/28/2015)... ... November 28, 2015 , ... ... and teleradiology services, has added Chris Hafey and Claude Hooton to its board ... Radiological Society of North America (RSNA) 2015 Annual Meeting and continues to strategically ...
(Date:11/27/2015)... , ... November 28, 2015 , ... There is only ... outperform our billings from last year? , This question has not been an easy ... coming to the retirement age and the younger workforce don’t share the same discipline ...
(Date:11/27/2015)... Raleigh, NC (PRWEB) , ... November 27, 2015 , ... ... most effective ways to treat it. Surviving Mesothelioma has just posted the findings ... Researchers at University Hospital Zurich analyzed the cases of 136 mesothelioma patients who were ...
(Date:11/27/2015)... Aliso Viejo, CA (PRWEB) , ... November 27, 2015 , ... ... exclusively for use in Final Cut Pro X. With ProSidebar: Fasion, video editors ... banners, or use ProSidebar as a minimalist title opener. Utilize presets featuring self-animating ...
Breaking Medicine News(10 mins):
(Date:11/29/2015)... Germany , Nov. 29, 2015  At this ... attendees to experience the most complete mobile C-arm portfolio ... display is Ziehm Vision RFD 3D, the world,s only ... cm edge length per scan volume. In addition, Ziehm ... fully motorized mobile C-arm in four axes which is ...
(Date:11/29/2015)... 2015 CIVCO Medical Solutions will demonstrate ... Radiological Society of North America ... November 29 – December 4, 2015. The ... customers unrivaled versatility, enhanced user experience and deliver ... --> --> ...
(Date:11/27/2015)... Pays-Bas, November 27, 2015 ... traitement photodynamique au Bremachlorin contre le cancer avancé. ... consistant à combiner l,immunothérapie au traitement photodynamique au ... --> Une nouvelle approche consistant à ... le cancer avancé.    Clinical ...
Breaking Medicine Technology: