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Flexible AC Transmission System (FACTS) Market (Compensation, Component, Application, Industry Vertical) Worth $1,386.01 Million by 2018 - New Report by MarketsandMarkets
Date:9/4/2013

estraints, 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.

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