HOME › Press Releases › Flexible AC Transmission Systems (FACTS) Market worth 1.26 Billion USD by 2020
Flexible AC Transmission Systems (FACTS) Market worth 1.26 Billion USD by 2020
According to a new market research report "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", 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.
Browse 70 market data tables and 77 figures spread through 163 pages and in-depth TOC on “Flexible AC Transmission Systems (FACTS) Market - Global Forecast to 2020”
Early buyers will receive 10% customization on reports.
The flexible AC transmission systems (FACTS) market is expected to exhibit moderate growth in the next five years. There is a growing adoption of flexible AC transmission systems (FACTS) in applications such as electric utilities, renewables, railways, industrial, and oil & gas.
This report provides a detailed analysis of the overall flexible AC transmission systems (FACTS) market and segments the same on the basis of compensation type, components, application, verticals, and geography. The market segmented on the basis of compensation type includes shunt, series, and combined shunt, and series compensation. The shunt compensation is expected to hold the major market share among all compensation type, while series compensation is expected to grow at the highest CAGR of 7.56% during the forecast period between 2015 and 2020.
The objective of the research study was to analyze the market trends for each of the industries, growth rates of the various industry (electric utilities, renewables, railways, industrial, and oil & gas), and the demand for different compensation type of flexible AC transmission systems (FACTS) market.
The size of the flexible AC transmission systems (FACTS) market is given on the basis of the four geographical regions, namely, Americas, Europe, Asia-Pacific, and the Rest of the World (RoW). The region of Americas is estimated to hold the major share; however, it is expected to grow at the second-highest CAGR of 5.1% in the overall flexible AC transmission systems (FACTS) market during the forecast period.
Apart from the market segmentation, the report also covers the Porter’s analysis, the market’s value chain with a detailed process flow diagram, and the market dynamics such as drivers, restraints, and opportunities in the overall 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.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India