Global Flexible AC Transmission System (FACTS) Market 2014-2018 is the latest addition to Sandlerresearch.org industry research reports collection.
Flexible AC transmission system (FACTS) is deployed in grid transmission system, which is used to minimize the losses in the transmission line and increase the grid power output. The conventional grid transmission system consists of mechanical switched shunt and series capacitors, reactors, and synchronous generator which are used to minimize the losses. However, the use of these devices results in slow response and consequently lowers the performance of the grid. The FACTS is used to mitigate the conventional grid transmission line problems with the use of highly efficient semiconductor devices, whose response time is very high, and reduces the faults in the transmission line and minimize the losses.
Analysts forecast the Global Flexible AC Transmission System market to grow at a CAGR of 8 percent over the period 2013-2018.
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The report recognizes the following companies as the key players in the Global Flexible AC Transmission System Market: ABB Ltd., Alstom SA, Eaton Corp. plc and Xian Electric Engineering Co. Ltd.
Other Prominent Vendors in the market are: Adani Power, American Electric Power, American Superconductor, Beta Engineering, Corpoelec, Crompton Greaves, Electranix, GE, Mitsubishi Electric Power Products, Nampower, Quanta Technology, Rongxin Power Electronic, RTDS Technologies, S&C Electric, Schneider Electric, Siemens Energy, Sieyuan Electric, Toshiba Transmission & Distribution Systems Asia, Transgrid Solutions and Trench Group.
One major trend in this market is environmental concerns. Increased power consumption has caused an increase in the energy demand from power plants, which increases the construction of new transmission lines, thus creating a negative impact on the environment, for instance, the impact on public health and safety and soil erosion.
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Covered in this Report
Global Flexible AC Transmission System Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Flexible AC Transmission System market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, increased need for congestion management in power systems is one of the main drivers of the market. The increase in power outages is caused by power losses in the overhead transmission lines, which results in transmission congestion, which is mainly caused by insufficient transmission capacity to accommodate all the demand for power within a region. Hence, there is increased need for congestion management in the grid system.
Further, the report states that one of the major challenges in the market is the high cost of flexible alternating current transmission system devices. The cost of replacing or building new FACTS devices is much higher than the cost for traditional transmission systems. The cost of a project is dependent on the size of the project, and the equipment comprises 50 percent of the cost.
Table of Contents
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Application
08. Geographical Segmentation
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Global FACTS Market
Exhibit 3: Global FACTS Market 2013-2018 (US$ million)
Exhibit 4: Global FACTS Market by Applications 2013
Exhibit 5: Global FACTS Market by Applications 2018
Exhibit 6: Global FACTS Market Segmentation by Applications 2013-2018
Exhibit 7: The Global FACTS Market by Electrical Utilities Segment 2014-2018 ( US $ million)
Exhibit 8: The Global FACTS Market by Steel Industry Segment 2014-2018 ( US $ million)
Exhibit 9: The Global FACTS Market by Mining Industry Segment 2014-2018 ( US $ million)
Exhibit 10: Global FACTS Market by Geographical Segmentation 2013
View all 16 Exhibits
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