DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Flexible AC Transmission Systems (FACTS) Market - Opportunities and Forecast, 2014 - 2022" report to their offering.
FACTS (Flexible Alternating Current Transmission System) are power electronics-based devices deployed for AC transmission of electrical energy. The system plays an important role in enhancing controllability and stability of AC systems, and increasing the power transfer ability of networks. FACTS are generally installed in grid transmission to reduce the losses occurring in the transmission line.
There are several drivers, restraints and opportunities shaping the future of the FACTS market. The growing demand for power infrastructure and control is the primary factor driving the market. However, lack of awareness about the benefits of FACTS has restricted the growth of the market. Moreover, evolution of smart grid and increase use of renewable sources for power generation are anticipated to create greater opportunities.
Prominent market players are acquiring new companies or local market players to maintain their competitive edge and expand their geographic presence. Other business strategies favored by the companies include new product launch, joint ventures, and collaborations.
Prominent market players discussed in the market research report are General Electric, Eaton Corp PLC., Siemens AG., Alstom, Adani Power and many others.
Scope of the Report
Flexible AC Transmission Systems (FACTS) Market By Compensation Type
- Series Compensation
- Shunt Compensation
- Combined series and shunt compensation
Flexible AC Transmission Systems (FACTS) Market By Application
- Dynamic State
- Steady State
Flexible AC Transmission Systems (FACTS) Market By Component
- Surge Arresters
- Power electronic Devices
- Phase-Shifting Transformers
- Control Systems
- Capacitor Banks
Flexible AC Transmission Systems (FACTS) Market By Industry
- Oil and Gas
- Electric utilities
- General Electric
- Siemens AG
- Eaton Corporation PLC
- ABB Ltd.
- Adani Power
- Mitsubishi Electric Corporation
- American Electric Power
- NR Electric Co., Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/f6zmdr/world_flexible_ac