This report provides a detailed summary of the overall flexible AC transmission systems ( FACTS ) market by encompassing all of major industry segments with total qualitative study at each and every area of the segmentation . This industry has become an important part in the electric vertical . This technology is dynamic and also fast-developing , with innovative applications growing consistently . Flexible AC transmission systems ( FACTS ) offer features of higher flexibility and reliability for existing energy devices . A few of the leading benefits of these types of solutions incorporate power & voltage control , improved system reliability , loss prevention , and improved power quality among others .
Browse 66 market data tables & 55 figures spread through 161 pages and in-depth TOC on "Flexible AC Transmission Systems (FACTS) Market" at http://www.rnrmarketresearch.com/flexible-ac-transmission-system-facts-market-by-compensation-shunt-series-combined-component-thyristors-capacitor-banks-reactors-application-industry-vertical-electric-utilities-steel-market-report.html
The flexible AC transmission systems ( FACTS ) market is predicted to attain 1 .26 billion by 2020 , at a CAGR of 5 .1% from 2015 to 2020 . The global flexible AC transmission systems ( FACTS ) market have been segmented on the basis of compensation type , application ,components , verticals and geography . Flexible AC transmission systems ( FACTS ) segmented on the basis of compensation type contains shunt compensation , series compensation , and combined series and shunt compensation . The flexible AC transmission systems ( FACTS ) market segmented on the basis of component include power, thyristors , reactors , electronic devices, capacitor banks , GIS switchgear , phase shifting transformers ( PST ) , protection & control systems and surge arresters . Its segmentation on the level of and consists of steady state and dynamic state application. The segmentation based on verticals of flexible AC
transmission systems ( FACTS ) consist of electric utilities , renewables , railways , industrial , and oil & gas . The increase in the demand for electric utility , renewables industry market is also enhancing the growth of this market . The flexible AC transmission systems ( FACTS ) market has also been segmented on the basis of geography into diverse regions such as APAC, Americas , Europe , and RoW . The Asia-Pacific region is expected to dominate the market at a CAGR of 7 .0% between 2015 and 2020 . The ever increasing demand for flexible AC transmission systems ( FACTS ) in nations around the world such as India , Australia , and China is expected to drive the market in this region .
The factors driving the flexible AC transmission systems ( FACTS ) market consist of the increasing demand for voltage and power control solutions and advancement and restoration of present power infrastructure . However , the high installing cost of flexible AC transmission systems ( FACTS ) is also one of the factors impeding the growth of the market . The evolution of smart grid offers scope fin in the flexible AC transmission systems ( FACTS ) market .
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The key players which provide flexible AC transmission systems ( FACTS ) market include Siemens AG ( Germany ), General Electric ( U .S . ), , Alstom ( France ), Mitsubishi Electric Corp . ( Japan ) , ABB Ltd . ( Switzerland ), Eaton Corp PLC ( Ireland ), American Electric Power ( U .S . ) , NR Electric Co . Ltd . ( China ), Hyosung ( South Korea ) and Adani Power ( India ) among others .