HOME Top Market Reports Flexible AC Transmission Systems (FACTS) Market by Compensation Type (Shunt, Series & Combined), Component, Application, Verticals (Electric Utilities, Renewables, Railways, Industrial, And Oil & Gas), and by Geography - Global Forecast to 2020

Flexible AC Transmission Systems (FACTS) Market by Compensation Type (Shunt, Series & Combined), Component, Application, Verticals (Electric Utilities, Renewables, Railways, Industrial, And Oil & Gas), and by Geography - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: October 2015
Report Code: SE 2099

 

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Flexible AC transmission systems (FACTS) are used mainly in industries such as electric utilities, renewables, railways, industrial, and oil & gas. Electric utility and industrials are increasingly used among these industries. The flexible AC transmission systems (FACTS) market is dynamic and rapidly developing, and new applications are emerging continuously. The increase in the demand for electric utility, industrial, and renewables applications are also responsible for the growth of this market.

The global flexible AC transmission systems (FACTS) market is valued at USD 988.5 million in 2015 and is expected to reach USD 1.26 Billion by 2020, at a CAGR of 5.10% between 2015 and 2020. The Asia-Pacific region is expected to dominate the market at a CAGR of 7.0% between 2015 and 2020. The growing demand for flexible AC transmission systems (FACTS) in countries such as India, China is expected to drive the market in this region.

The factors such as increasing demand for voltage and power control solutions, advancement and restoration of existing power infrastructure are the major drivers of the flexible AC transmission systems (FACTS) market. However, the high installation cost of these solutions is one of the factors hindering the growth of the market. The evolution of smart grid offers the scope for opportunities in the flexible AC transmission systems (FACTS) market.

This report profiles the major companies involved in the flexible AC transmission systems (FACTS) market, such as ABB Ltd. (Switzerland), Siemens AG (Germany), Mitsubishi Electric Corp. (Japan), General Electric (U.S.), Eaton Corp PLC (Ireland), Alstom (France), American Electric Power (U.S.), Hyosung (South Korea), NR Electric Co. Ltd. (China) and, Adani Power (India) among others.

Scope of the Report:

This report categorizes the global market for flexible AC transmission systems (FACTS) on the basis of compensation type, components, application, industry and geography.

Market segmentation, by type:

The flexible AC transmission systems (FACTS) market has been segmented on the basis of compensation type into shunt compensation, series compensation, and combined shunt & series compensation.

Market segmentation, by mode of Component:

The flexible AC transmission systems (FACTS) market has been segmented on the basis of component into power electronic devices, thyristors, reactors, capacitor banks, GIS switchgear, phase shifting transformers (PST), surge arresters, and protection & control systems.

Market segmentation, by application:

The flexible AC transmission systems (FACTS) market has been segmented on the basis of application into steady state and dynamic state application.

Market segmentation, by industry:

The flexible AC transmission systems (FACTS) market has been segmented on the basis of industry into electric utilities, renewables, railways, industrial, and oil & gas.

Market segmentation, by geography:

The geographic analysis covers the Americas, Europe, Asia-Pacific, and the Rest of the World (RoW).

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries Interviews: By Company Type, Designation, and Region
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 32)
    4.1 Increasing Opportunities in Electrical Utilities is Expected to Drive the FACTS Market During the Forecast Period
    4.2 FACTS Market: By Compensation Type
    4.3 Renewables and Oil & Gas Industry in APAC is Expected to Grow at the Highest Rate During the Forecast Period
    4.4 the American Region Held the Largest Market Share in the Global FACTS Market in 2014
    4.5 FACTS Market: By Geography
    4.6 Life Cycle Analysis, By Geography

5 Market Overview (Page No. - 38)
    5.1 Market Evolution
           5.1.1 First Generation
           5.1.2 Second Generation
           5.1.3 Third Generation
           5.1.4 Fourth Generation
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Advancement and Restoration of Long-Standing Power Infrastructure
                    5.2.1.2 Government Mandates and Support for FACTS Adoption
                    5.2.1.3 Increasing Demand for Voltage and Power Control Solutions
           5.2.2 Restraints
                    5.2.2.1 Lack of Awareness
                    5.2.2.2 Higher Installation Costs Involved for FACTS
           5.2.3 Opportunities
                    5.2.3.1 Incorporation of Renewable Sources in Power Generation
                    5.2.3.2 Evolution of Smart Grid
           5.2.4 Challenges
                    5.2.4.1 Cost and Other Related Issues in FACTS Market
           5.2.5 Winning Imperative
                    5.2.5.1 Progressions Made in Field of Power Electronics

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Intensity of Competitive Rivalry
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Threat of New Entrants
    6.4 Regulatory Landscape

7 Flexible AC Transmission Market, By Compensation Type (Page No. - 57)
    7.1 Introduction
    7.2 Shunt Compensation
           7.2.1 Static Synchronous Compensator (Statcom)
           7.2.2 Static Var Compensator (SVC)
    7.3 Series Compensation
           7.3.1 FSC (Fixed Series Capacitor)
           7.3.2 Thyristor Series Capacitor
    7.4 Combined Series and Shunt Compensation
           7.4.1 Unified Power Flow Controller (UPFC)
           7.4.2 Interline Power Flow Controller (IPFC)
    7.5 Recent Technological Developments in FACTS Market
           7.5.1 Csc (Convertible Synchronous Compensator)
           7.5.2 Thyristor Protected Series Capacitor (TPSC)
           7.5.3 Generalized Unified Power Flow Controller(GUPFC)
           7.5.4 Static Synchronous Series Compensator (SSSC)

8 Flexible AC Transmission Market, By Component Type (Page No. - 70)
    8.1 Introduction
    8.2 Power Electronics Devices
    8.3 Thyristors
    8.4 Reactors
    8.5 Capacitor Banks
    8.6 Gis Switchgear
    8.7 Phase-Shifting Transformers (PST)
    8.8 Surge Arresters
    8.9 Protection and Control Systems

9 Flexible AC Transmission Market, By Application (Page No. - 74)
    9.1 Introduction
    9.2 Steady State Applications
    9.3 Dynamic State Applications

10 Flexible AC Transmission Market, By Vertical (Page No. - 78)
     10.1 Introduction
     10.2 Electric Utilities
     10.3 Renewables
             10.3.1 Wind Power Grids
                        10.3.1.1 Onshore
                        10.3.1.2 Offshore Sea Cables
             10.3.2 Solar Farms
     10.4 Railways
     10.5 Industrial
             10.5.1 Steel
             10.5.2 Mining
     10.6 Oil & Gas

11 Geographic Analysis (Page No. - 97)
     11.1 Introduction
     11.2 The Americas
             11.2.1 North America
                        11.2.1.1 U.S.
                        11.2.1.2 Canada
                        11.2.1.3 Mexico
             11.2.2 South America
                        11.2.2.1 Argentina
                        11.2.2.2 Brazil
                        11.2.2.3 Venezuela
     11.3 Europe
             11.3.1 Western Europe
                        11.3.1.1 France
                        11.3.1.2 Sweden
                        11.3.1.3 Italy
                        11.3.1.4 U.K.
                        11.3.1.5 Spain
                        11.3.1.6 Norway
                        11.3.1.7 Germany
             11.3.2 Eastern Europe
                        11.3.2.1 Russia
                        11.3.2.2 Turkey
             11.3.3 Rest of Europe
     11.4 APAC
             11.4.1 China
             11.4.2 India
             11.4.3 Australia
             11.4.4 Rest of APAC
     11.5 Rest of the World
             11.5.1 Middle East
                        11.5.1.1 Saudi Arabia
                        11.5.1.2 UAE
             11.5.2 South Africa

12 Competitive Landscape (Page No. - 121)
     12.1 Overview
     12.2 Market Ranking for Flexible AC Transmission Systems Market(FACTS)
     12.3 Competitive Scenario
     12.4 Recent Developments
             12.4.1 Joint Venture, Agreement and Contracts
             12.4.2 Expansion
             12.4.3 New Product Launches
             12.4.4 Mergers & Acquisition

13 Company Profiles (Page No. - 129)
(Overview, Products and Services, Financials, Strategy & Development)*
     13.1 Introduction
     13.2 ABB Ltd.
     13.3 Siemens AG
     13.4 Mitsubishi Electric Corporation
     13.5 General Electric
     13.6 Eaton Corporation PLC
     13.7 Alstom
     13.8 American Electric Power
     13.9 Hyosung
     13.10 Adani Power
     13.11 NR Electric Co., Ltd.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 154)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Introducing RT: Real Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports


List of Tables (70 Tables)

Table 1 Global FACTS Market, 2013–2020 (USD Million)
Table 2 List of Few FACTS Projects With Government Support
Table 3 Increasing Demand for Voltage and Power Control Solutions is Propelling the Growth of FACTS Market During the Forecast Period
Table 4 Lack of Awareness Acts as A Restraint for the FACTS Market
Table 5 Incorporation of Renewable Sources in Power Generation is A Huge Opportunity for the FACTS Market
Table 6 Porter’s Five Forces Analysis: Threat of Substitutes is Likely to Have Minimum Impact on the Overall Market
Table 7 FACTS Market: Regulatory Landscape
Table 8 FACTS Market, By Compensation Type, 2013–2020 (USD Million)
Table 9 FACTS Market, By Shunt Compensation Type, 2013–2020 (USD Million)
Table 10 FACTS Shunt Compensation Market, By Vertical, 2013–2020 (USD Million)
Table 11 Statcom Shunt Compensation Market, By Vertical, 2013–2020 (USD Million)
Table 12 SVC Shunt Compensation Market, By Vertical, 2013–2020 (USD Million)
Table 13 FACTS Market, By Series Compensation Type, 2013–2020 (USD Million)
Table 14 FACTS Series Compensation Market, By Vertical, 2013–2020 (USD Million)
Table 15 FSC Series Compensation Market, By Vertical, 2013–2020 (USD Million)
Table 16 Thyristor Series Capacitor Market, Series Compensation Market, By Vertical, 2013–2020 (USD Million)
Table 17 Combined Shunt & Series Compensation Market, By Vertical, 2013–2020 (USD Million)
Table 18 FACTS Market, By Vertical, 2013–2020 (USD Million)
Table 19 FACTS Electric Utilities Market, By Compensation Type, 2013–2020 (USD Million)
Table 20 FACTS Electric Utilities Market, By Shunt Compensation Type, 2013–2020 (USD Million)
Table 21 FACTS Electric Utilities Market, By Series Compensation Type, 2013–2020 (USD Million)
Table 22 FACTS Electric Utilities Market, By Geography, 2013–2020 (USD Million)
Table 23 FACTS Renewables Market, 2013–2020 (USD Million)
Table 24 FACTS Renewables Market, By Compensation Type, 2013–2020 (USD Million)
Table 25 FACTS Renewables Market, By Shunt Compensation Type, 2013–2020 (USD Million)
Table 26 FACTS Renewables Market, By Series Compensation Type, 2013–2020 (USD Million)
Table 27 FACTS Renewables Market, By Geography, 2013–2020 (USD Million)
Table 28 FACTS Renewables Wind Power Market, By Geography, 2013–2020 (USD Million)
Table 29 FACTS Renewables Solar Farm Market, By Geography, 2013–2020 (USD Million)
Table 30 FACTS Railways Market, By Compensation Type, 2013–2020 (USD Million)
Table 31 FACTS Railways Market, By Shunt Compensation Type, 2013-2020 (USD Million)
Table 32 FACTS Railways Market, By Series Compensation Type, 2013–2020 (USD Million)
Table 33 FACTS Railways Market, By Geography, 2013–2020 (USD Million)
Table 34 FACTS Industrial Market, 2013–2020 (USD Million)
Table 35 FACTS Industrial Market, By Compensation Type, 2013–2020 (USD Million)
Table 36 FACTS Industrial Market, By Shunt Compensation Type, 2013–2020 (USD Million)
Table 37 FACTS Industrial Market, By Series Compensation Type, 2013–2020 (USD Million)
Table 38 FACTS Industrial Market, By Geography, 2013–2020 (USD Million)
Table 39 FACTS Industrial Steel Market, By Geography, 2013-2020 (USD Million)
Table 40 FACTS Industrial Mining Market, By Geography, 2013–2020 (USD Million)
Table 41 FACTS Oil & Gas Market, By Geography, 2013–2020 (USD Million)
Table 42 FACTS Oil & Gas Market, By Compensation Type, 2013–2020 (USD Million)
Table 43 FACTS Oil & Gas Market, By Shunt Compensation Type, 2013–2020 (USD Million)
Table 44 FACTS Oil & Gas Market, By Series Compensation Type, 2013–2020 (USD Million)
Table 45 FACTS Market, By Region, 2013–2020 (USD Million)
Table 46 The Americas FACTS Market, By Vertical, 2013–2020 (USD Million)
Table 47 The Americas FACTS Market, By Renewables, 2013–2020 (USD Million)
Table 48 The Americas FACTS Market, By Industrial, 2013–2020 (USD Million)
Table 49 The Americas FACTS Market, By Region, 2013–2020 (USD Million)
Table 50 North American FACTS Market, By Country, 2013–2020 (USD Million)
Table 51 South American FACTS Market, By Country, 2013–2020 (USD Million)
Table 52 European FACTS Market, By Vertical, 2013–2020 (USD Million)
Table 53 European FACTS Market, By Renewables, 2013–2020 (USD Million)
Table 54 European FACTS Market, By Industrial, 2013–2020 (USD Million)
Table 55 European FACTS Market, By Region, 2013–2020 (USD Million)
Table 56 Western European FACTS Market, By Country, 2013–2020 (USD Million)
Table 57 Eastern European FACTS Market, By Country, 2013–2020 (USD Million)
Table 58 APAC FACTS Market, By Vertical, 2013–2020 (USD Million)
Table 59 APAC FACTS Market, By Renewables, 2013–2020 (USD Million)
Table 60 APAC FACTS Market, By Industrial, 2013–2020 (USD Million)
Table 61 APAC FACTS Market, By Country, 2013–2020 (USD Million)
Table 62 RoW FACTS Market, By Vertical, 2013–2020 (USD Million)
Table 63 RoW FACTS Market, By Renewables, 2013–2020 (USD Million)
Table 64 RoW FACTS Market, By Industrial, 2013–2020 (USD Million)
Table 65 RoW FACTS Market, By Region, 2013–2020 (USD Million)
Table 66 Middle East FACTS Market, By Country, 2013–2020 (USD Million)
Table 67 Joint Venture, Agreement and Contracts, 2013–2015
Table 68 Expansions, 2014–2015
Table 69 New Product Development, 2013–2015
Table 70 Mergers & Acquisition, 2014


List of Figures (77 Figures)

Figure 1 Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Assumptions for the Research Study
Figure 5 Shunt Compensation Expected to Dominate the Compensation Market During 2015 and 2020
Figure 6 The Market for Electrical Utilities Would Dominate Americas During 2015 and 2020
Figure 7 FACTS Renewable Market, By Compensation :Shunt Compensation to Have Highest Market Share During the Forecast Period
Figure 8 Renewables Expected to Grow at the Highest CAGR Between 2015 and 2020 in the FACTS Verticals Market
Figure 9 Americas Held the Largest Market Share of the FACTS Market in 2015
Figure 10 Significant Increase in Demand for FACTS
Figure 11 Series Compensation Type FACTS are Expected to Grow at the Highest Growth Rate During the Forecast Period
Figure 12 China is Expected to Hold the Largest Market Share in APAC By 2020
Figure 13 Americas: Brazil & Canada are Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 14 APAC Estimated to Grow at the Highest CAGR Than Other Geographic Regions Between 2015 and 2020
Figure 15 FACTS Market is Currently at the Growth Stage in the APAC Region
Figure 16 Generation of FACTS Technology
Figure 17 Government Mandates and Support for FACTS Adoption is Expected to Spur the Demand for FACTS Market
Figure 18 Flexible AC Transmission Systems Solution Life-Cycle, 2014
Figure 19 Value Chain Analysis (2014): Major Value is Added During Consultation & FACTS Installation Phase
Figure 20 Porter’s Five Forces Analysis (2014):
Figure 21 FACTS Market: Porter’s Five Forces Analysis
Figure 22 Intensity of Competitive Rivalry: Moderate Competition in the Market Due to the Presence of Moderate Number of Players
Figure 23 Threat of Substitutes: Threat of Substitutes is Likely to Be Low Due to Less Availability of Major Substitutes
Figure 24 Bargaining Power of Buyers: as Availability of Customized Solutions is Moderate, They Have A Moderate Bargaining Power
Figure 25 Bargaining Power of Suppliers: Ability to Provide FACTS Solutions That are of High Quality and Reliable Would Drive the Suppliers’ Market in Future
Figure 26 Threat of New Entrants: Low Growth Rate is A Key FACT or Behind Moderate Threat of New Entrants
Figure 27 FACTS Market Segmentation: By Compensation Type
Figure 28 Series Compensation: the Fastest-Growing Compensation Type in the FACTS Market Between 2015 and 2020
Figure 29 FACT Market Segmentation: By Shunt Compensation Type
Figure 30 Statcom: the Fastest-Growing Shunt Compensation Type in the FACTS Market Between 2015 and 2020
Figure 31 FACTS Market Segmentation, By Series Compensation Type
Figure 32 Thyristor Series Capacitor: the Fastest-Growing Shunt Compensation Type in the FACTS Market Between 2015 and 2020
Figure 33 FACT Market Segmentation: By Combined Series and Shunt Compensation Type
Figure 34 FACT Market Segmentation: By Others
Figure 35 FACTS Market Segmentation: By Component Type
Figure 36 FACTS Market Segmentation: By Application
Figure 37 FACTS Market Segmentation: By Steady State Application
Figure 38 FACTS Market Segmentation: By Dynamic State Application
Figure 39 FACTS Market Segmentation: By Vertical
Figure 40 Renewables: the Fastest-Growing Vertical in the FACTS Market Between 2015 and 2020
Figure 41 APAC: the Fastest-Growing Region in the Electric Utilities FACTS Market Between 2015 and 2020
Figure 42 FACTS Market Segmentation: By Renewables
Figure 43 Solar Power: the Fastest-Growing Renewable Industry in the FACTS Market Between 2015 and 2020
Figure 44 FACTS Market Segmentation: By Wind Power
Figure 45 Series Compensation: the Fastest-Growing Compensation Type in Railway Industry FACTS Market Between 2015 and 2020
Figure 46 FACTS Market Segmentation: By Industrial
Figure 47 Mining Vertical to Grow at A Higher Rate During the Forecast Period
Figure 48 APAC is Expected to Be the Fastest-Growing Region for Steel Industry FACTS Market Between 2015 and 2020
Figure 49 Statcom is Expected to Bethe Fastest-Growing Shunt Compensation Device FACTS Market for Oil & Gas Between 2015 and 2020
Figure 50 FACTS Market Segmentation: By Geography
Figure 51 Geographic Snapshot: APAC Expected to Register the Highest Growth Rate During the Forecast Period
Figure 52 India is Estimated to Grow at the Highest Rate Between 2015 and 2020
Figure 53 Segmentation: the Americas
Figure 54 The Americas Market Snapshot: the Demand Would Be Driven By the Requirement for Upgradation of Power Infrastructure From 2015 to 2020
Figure 55 Segmentation: Europe
Figure 56 Europe Market Snapshot: the Demand Would Be Driven By the Growth of Electrical Utility and Industry
Figure 57 Segmentation: APAC
Figure 58 APAC Market Snapshot: the Demand Would Be Driven By the Growth of Electrical Utility and Industry
Figure 59 Segmentation: Rest of the World
Figure 60 Key Growth Strategies Adopted By the Top Companies, 2012–2015
Figure 61 Eaton Corporation PLC. Grew Rapidly Between 2012 and 2014
Figure 62 Market Ranking of the Top 5 Players in the FACTS Market, 2014
Figure 63 Market Evaluation Framework-Partnerships, Agreements and Contracts Fuelled Growth and Innovation in 2013 and 2015
Figure 64 Battle for Market Share: New Product Launches Was the Key Strategy
Figure 65 Geographic Revenue Mix of Top 5 Market Players
Figure 66 ABB Ltd. : Company Snapshot
Figure 67 ABB Ltd.: SWOT Analysis
Figure 68 Siemens AG.: Company Snapshot
Figure 69 Siemens AG.: SWOT Analysis
Figure 70 Mitsubishi Electric Corporation : Company Snapshot
Figure 71 Mitsubishi Electric Corporation : SWOT Analysis
Figure 72 General Electric: Company Snapshot
Figure 73 General Electric : SWOT Analysis
Figure 74 Eaton Corporation : Company Snapshot
Figure 75 Eaton Corporation : SWOT Analysis
Figure 76 Alstom :Company Snapshot
Figure 77 American Electric Power: Company Snapshot

This report aims to analyze the market for flexible AC transmission systems (FACTS) with respect to compensation type, components, application, verticals, and geography.

Flexible AC transmission systems (FACTS) are power-electronics-based controller used to increase controllability, flexibility, and power transfer ability of a power transmission network.

The growth of the flexible AC transmission systems (FACTS) market can be attributed to factors such as growing industry awareness about FACTS and its advantages, and growing markets of electric utility and renewables . This report profiles all the major companies involved in the flexible AC transmission systems (FACTS) market such as ABB Ltd. (Switzerland), Siemens AG (Germany), Mitsubishi Electric Corp. (Japan), General Electric (U.S.), Eaton Corp PLC (Ireland), Alstom (France), American Electric Power (U.S.), Hyosung (South Korea), NR Electric Co. Ltd. (China) and, Adani Power (India) among others.

The flexible AC transmission systems (FACTS) market has been segmented according to compensation type, such as shunt compensation, series compensation, and combined series, and shunt compensation. The series compensation type market is expected to grow at a highest CAGR during the forecast period as it provides economical means for producing reactive power requirements of transmission. The verticals include electric utilities, renewables, railways, industrial, and oil & gas. Renewables is expected to grow at the highest CAGR of 18.7% between 2015 and 2020. This is because of the growing demand for renewable sources such as wind power and solar farms, which is expected to drive the market. The increasing government initiatives and environmental regulations to facilitate carbon-free power transmission is the major driving factor responsible for boosting the growth of flexible AC transmission systems (FACTS) in renewable market.

The market based on geography has been classified into the Americas, Europe, Asia-Pacific (APAC), and RoW. The region of Americas held the largest market share in the overall flexible AC transmission systems (FACTS) market in 2014, owing to the presence of major companies such as General Electric (U.S.) and American Electric Power (U.S.) among others. High infrastructure development, power capacity addition, and high industrial growth in developing countries such as China, Australia, India, are three major reasons behind the growing demand of flexible AC transmission systems (FACTS) in the APAC region.

In this report, the drivers, restraints, opportunities, and winning imperatives for the flexible AC transmission systems (FACTS) market has been covered. The high cost for the installation of flexible AC transmission systems (FACTS) is one of the factors hindering the growth of the market. The evolution of smart grid offers the scope for opportunities in the flexible AC transmission systems (FACTS) market.

The global flexible AC transmission systems (FACTS) market is valued at USD 988.5 million in 2015 and is expected to reach USD 1.26 Billion by 2020, at a CAGR of 5.10% between 2015 and 2020.The figure below shows the estimated growth of the flexible AC transmission systems (FACTS) market between 2013 and 2020.

Flexible AC Transmission System Market

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