Flexible AC Current Transmission System Market to Witness Comprehensive Growth by 2015-2025
With the rising demand of power in electricity usage and other applications, it has created countless opportunities for FACTS. Its benefits include reduction in loop flows, voltage fluctuations and reactive power flows. Other benefits are increase in power system security and power loading capability. FACTS controllers provide faster control actions as compared to conventional devices, such as switches or phase shifting transformers. On the other hand, key challenges for global flexible AC transmission systems market (FACTS market) are the cost of these systems, growing diversities in environmental, land-use and regulatory pressures. These challenges have restricted the growth of electric power transmission facilities in many parts of the world.
The global flexible AC current transmission systems market (FACTS market) can be segmented on the basis of application, component and compensation type. The key application based segments of global flexible AC current transmission systems market (FACTS market) are steel industry, mining industry and electric utilities industry. For the overall optimization of the AC current transmission system, various types of FACTS components used are series controller, shunt controller, combined series-series controller and combined series-shunt controllers. Depending on compensation types global flexible AC current transmission systems market (FACTS market) can be segmented into Static Var Compensator or SVC, Static Synchronous Compensator or STATCOM, Thyristor Controlled Breaking Reactor or TCSC, Thyristor Controlled Series Capacitor or TSC, Thyristor Switched Series Reactor or TSR and Static Synchronous Series Compensator or SSSC.
In application segment, electric utilities has the largest market share and is expected to increase with growth in demand of power electronic devices. In compensation type, (Static Var Compensator) SVC accounts for largest share in global flexible AC current transmission systems market (FACTS market).
To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/toc/rep-gb-445
Global flexible AC current transmission systems market (FACTS market) is anticipated to grow at a high single digit CAGR from 2015 to 2025. Global flexible AC transmission systems (FACTS) installation revenue is anticipated to increase to nearly $40 billion during the forecast period. Currently, U.S. and Europe are the largest players in the global flexible AC current transmission systems market (FACTS market) due to replacement and up gradation of power infrastructure. However, APAC and Japan are anticipated to be the emerging regions in global flexible AC current transmission systems market due to increase in demand of renewable power sources.
Major players in the global flexible AC current transmission systems market (FACTS market) are ABB, Alstom, Eaton and Xian Electric Engineering, General Electric, Mitsubishi Electric, Toshiba, Siemens, America Superconductor Corporation and Others. This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product type and distribution channels.
A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-445
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Flexible AC Current Transmission System Market to Witness Comprehensive Growth by 2015-2025 here
News-ID: 1065682 • Views: 261
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for FACTS
7 Facts About Growth Hacking | UpGrowth
Growth hacking strategies can get you closer to your target audience and promise a higher return on investment (ROI). • Attract New Users With a well-devised strategy focused solely on growth, you will be able to attract new users interested in your offerings in a cost-effective and resource-efficient manner. • Boost Conversions With their experience and expertise, the dedicated growth engineers at Upgrowth help identify novel ways of adding new users to your base of
10 interesting Facts about Shahab Signal.
We all have been told in our childhood that how we won't be able to succeed and achieve something in life if we do not study and get a degree of college. Dropping out of school or college to pursue our dream always considered a foolish and dangerous decision in our society however, that's not true in Shahab Signal story and for this we bet you 10 interesting facts about
Five facts about offshore banking
Many misconceptions exist about offshore banking. Ideas such as foreign bank accounts are illegal or that their services are only used by the super-wealthy frequently emerge in the media. In reality, there are many similarities between local and offshore banking; the latter being much more rewarding and private. Here are five interesting facts about offshore banking. 1. Offshore banking is legal There’s nothing illegal about holding an overseas bank account as long
Spotify Listing on NYSE - Quick Facts
News, research and market information provided by Bouchard Fintech The music streaming success known as Spotify is about to make its grand entrance onto the publicly traded space. The big splash is set for the coming days and the company will be listed on the NYSE. Spotify was started over ten years ago and is based in Sweden. The basic service is offered at no cost but the company also has
5 Little Known Facts About Breast Augmentation
There is range of options available for this surgery ranging from type of implants to placing of the implants, incision location to help and determine the final results of it. One should be well informed about the various facts of this surgery which can help one to prepare prior to procedure and achieve the best optimal results of Breast Augmentation. Implant Placement These implants are either placed below or above the
Corporate Video Production - The Facts behind It
MELBOURNE, Australia - PRLog -- The item is ready; your brand is performing good; everything appears to become going well - but exactly how would you unlock the doors to brand new opportunities? The reply is a corporate video that completely showcases your own identity, and helps to create awareness regarding your company while creating start up business opportunities. If you're currently searching for a corporate video production company, you need to