Transmission

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FACTS Market Report Trends, Forecast and
Competitive Analysis
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Global Market Scenario of FACTS Industry

• The revenue graph of flexible AC transmission
  systems market is slated to remain rather
  exponential in the years to come, on account of
  the rising need for high-quality power across
  numerous applications. The demand for
  high-quality AC transmission of electric energy
  can be attributed to the need to improve
  controllability and enhance power transfer
  capability of the network. There are also several
  benefits to using flexible AC transmission
  systems such as increased quality of supply,
  increased stability as well as financial
  benefits.
• The global flexible AC transmission systems
  industry is bound to receive considerable
  momentum from the paradigm shift observed in the
  power transmission industry. As per a research
  report by Global Market Insights, Inc., FACTS
  market size would exceed 2.5 billion by the end
  of 2025.

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Continue-

• Global warming will dramatically impact the
  demands pertaining to transmission systems whose
  architecture is inherited from an era of fossil
  fuel dominance. The industry will be
  characterized by a massive need to upgrade
  existing grid networks, particularly due to the
  increasing adoption of clean energy sources. The
  primary goal behind revamping grids is the
  flexibility to adapt to new technologies in the
  grid.
• Given the increasing adoption of various
  electrical components, the adoption graph of
  FACTS industry will continue to proliferate in
  the years to come. Transmissions are required to
  accommodate large weather-dependent shifts in
  production within widely dispersed sites of
  renewable energy generation, which are mostly
  linked to the main transmission grid. The growing
  requirement for premium and reliable transmission
  systems will thus drive the FACTS market.

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www.gminsights.com
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Flexible AC Transmission Systems Market Size, By
Configuration, 2018 2025 (USD Million)
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ble-ac-transmission-systems-market
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360 Industry Analysis

• Ongoing enhancement of transmission
  infrastructure across commercial residential
  installations have strengthened the 132kV to
  220kV FACTS market. Versatile product
  configurations along with aesthetic proximities
  are the key factors enhancing the product
  penetration. In addition, institution of
  sustainable energy infrastructure has obligated
  utilities and installers to focus on revamping
  the existing electrical network.
• FACTS market across Africa, Asia Pacific and
  Middle East has observed a substantial growth in
  conjunction to the increasing demand for
  efficient transmission distribution
  technologies.
• Growing demand for retrofitting of prevailing
  electrical coupled with rising fund allocation
  across the electricity sector will enhance the
  industry outlook. Regulators across Saudi Arabia,
  in 2018 have proposed to capitalize amount worth
  USD 130 billion in their Water Energy projects.

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6
Industry Background
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• Competitive Analysis
• BHEL
• GE
• ABB
• Siemens
• Mitsubishi Electric
• NR Electric
• Rongxin
• Infineon
• Hyosung
• American Superconductor and Ingeteam
• Browse Press Release_at_ https//www.gminsights.com/p
  ressrelease/facts-marketmarket

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Rights Reserved
www.gminsights.com
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