Industries > Energy > Flexible AC Transmission Systems (FACTS) Market Report to 2031

Flexible AC Transmission Systems (FACTS) Market Report to 2031

Forecasts by Compensation Type (Shunt Compensation, Series Compensation, and Combined Compensation), Function (Voltage Control, Network Stabilization, Transmission Capacity, and Harmonic Suppression), Vertical (Utilities, Renewables, Industrial, and Railways), by Region, Country, and Profiles of Leading Companies

PAGES: 344
PRODUCT CODE: ENE0484
SUBMARKET: Electric Power

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The global flexible AC transmission systems (FACTS) market research report estimated a revenue generation of $XX bn in 2020 and is anticipated to grow at a CAGR of almost XX% during the forecast period, i.e., from 2021 to 2031. The report showcased the growth opportunities across the various section.

Flexible AC transmission systems (FACTS) devices help reduce voltage drops on a transmission line through power electronic devices that manage voltage limits. With flexible AC transmission systems adoption, grid operators can ensure reliable and stable grid operations despite the rising number of small and decentralized power plants. Increasing benefits, improved transmission lines, rising focus on energy generation using renewable sources, and growing demand for STATCOM devices for voltage control expand the need for flexible AC transmission systems. Furthermore, increasing investments in transmission networks and potential opportunities in the emerging economies are opportunities for FACTS manufacturers in the global market.

The efforts to reduce carbon emissions and greenhouse gases by incorporating renewable sources such as wind, solar, and hydro in the power generation operations have primarily increased globally. In developed countries, such as the US and the European countries, there is a raising need for enhanced power transfer capability on current transmission lines to meet the growing electricity demand across the domestic region.

Considering that the current electricity system worldwide needs to be updated to ensure clean, sustainable, and environment-friendly electricity generation and further meet the updated electricity demand based on current population size. Flexible AC transmission systems are highly used to integrate renewable energy sources in transmission line networks to maintain efficient power supply quality, system stability, and reliability. However, the ability to transfer AC power is restricted by transient stability, thermal, voltage, and short circuit current, which is the prime factor for limiting the market’s growth. This limitation can be ignored with the implementation of flexible AC transmission systems (FACTS) integrated with the electronic power controllers. These create benefits such as flexibility, controllability, reliability, and improving the transmission network’s power transfer capability globally.

The global flexible AC transmission systems (FACTS) market has been segmented into shunt compensation, series compensation, and combined compensation based on the compensation type. Moreover, the shunt compensation segment will be expected to account for the market’s highest revenue market share in the global flexible AC transmission systems (FACTS) market throughout the forecast period.

What are the global flexible AC transmission systems (FACTS) market prospects?
The definitive new report assesses that the flexible AC transmission systems (FACTS) market will reach $ XX Bn in 2020. The performance of the industry is forecast to accelerate, with an anticipated CAGR of XX% for the next ten-year period 2021-2031, which is expected to drive the industry to a value of $ XX bn by the end of 2031.

The report timely XX pages report reveals how best to compete in this lucrative market space and maximize your company’s potential.

Read on to discover how this report can help you develop your business.

This report addresses pertinent issues:
• Where are the most lucrative market prospects?
• Who are the leading companies, and what does the competitive landscape look like?
• What are the regional, technical, and regulatory barriers to market entry?
• What are the technological issues, and roadmap driving the market?
• Why is the market prospering, and how can you fully exploit this?
• When will the market fully mature, and why?

Research and analysis highlights
• Independent, impartial, and objective analysis
• 114 tables and 236 graphs illustrating the global flexible AC transmission systems (FACTS) market prospects
• Global flexible AC transmission systems (FACTS) market forecast and analysis 2021-2031
• Flexible AC transmission systems (FACTS) submarket forecasts by compensation type covering the period 2021-2031
• Flexible AC transmission systems (FACTS) submarket forecasts by shunt compensation from 2021-2031
• Flexible AC transmission systems (FACTS) submarket forecasts by series compensation from 2021-2031
• Flexible AC transmission systems (FACTS) submarket forecasts by combined compensation from 2021-2031
• Flexible AC transmission systems (FACTS) submarket forecasts by function covering the period 2021-2031
• Flexible AC transmission systems (FACTS) submarket forecasts by voltage control from 2021-2031
• Flexible AC transmission systems (FACTS) submarket forecasts by network stabilization from 2021-2031
• Flexible AC transmission systems (FACTS) submarket forecasts by transmission capacity from 2021-2031
• Flexible AC transmission systems (FACTS) submarket forecasts by harmonic suppression from 2021-2031
• Flexible AC transmission systems (FACTS) submarket forecasts by vertical covering the period 2021-2031
• Flexible AC transmission systems (FACTS) submarket forecasts by utilities from 2021-2031
• Flexible AC transmission systems (FACTS) submarket forecasts by renewables from 2021-2031
• Flexible AC transmission systems (FACTS) submarket forecasts by industrial from 2021-2031
• Flexible AC transmission systems (FACTS) submarket forecasts by railways from 2021-2031
• 24 leading national flexible AC transmission systems (FACTS) market forecasts from 2021-2031
• Profiles of 15 leading companies involved with flexible AC transmission systems (FACTS) with key financial metrics
• Porter’s Five Forces analysis

And there’s more.

How this report will benefit you
• You have almost certainly an excess of conflicting and yet unclear information – you want one definitive report to base your business decisions upon – this report provides that clarity
• Our insightful report speaks to your needs for definitive market data, objective impartial analysis and immediate clear conclusions – to allow you to formulate clear decisive business strategies
• You need the information now in an easily digestible form – this is where this report excels
• Forecasts give you a crucial advantage. That knowledge of the future is central to your strategic decision making.
• Knowledge is vital to you and your business. You need every piece of evidence to inform your crucial investment decisions – let the company give you that clear advantage
• Without this vital report, you will fall behind your competitors

Who should read this report?
• Anyone within the value chain.
• Contractors
• Suppliers
• Technologists
• Government agencies
• Banks
• Business development managers
• Marketing managers
• Investors
• Consultancies

To access the data contained in this document please email contactus@visiongain.com

Buy our report today Flexible AC Transmission Systems (FACTS) Market Report to 2031: Forecasts by Compensation Type (Shunt Compensation, Series Compensation, and Combined Compensation), Function (Voltage Control, Network Stabilization, Transmission Capacity, and Harmonic Suppression), Vertical (Utilities, Renewables, Industrial, and Railways), by Region, Country, and Profiles of Leading Companies. Avoid missing out by staying informed – order our report now.

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