Flexible AC Transmission System Market by Compensation Type, Controller and Industry Vertical - Global Opportunity Analysis and Industry Forecast 2017-2023 | Comprehensive Analysis of Leading Market Players

The global Flexible AC transmission system market was valued at $508 million in 2016, and is projected to reach at $1,034 million by 2023, growing at a CAGR of 10.7% from 2017 to 2023.With the rapid electrical line expansion and the rise in investment on renewable energy generation, which drive the adoption of flexible AC transmission system in the power system. Moreover, various benefits offered by flexible AC transmission system such as controllability, flexibility, and manageability drive the growth of the market.

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Flexible AC transmission system is the power electronics based device to enhance power system stability, quality, voltage control, and balances reactive power flow. Advancement of electric power transmission system and increase in demand for controllability of power systems are the major factors that drive the growth of the flexible AC transmission system.

Combined series-shunt compensation segment is expected to be the major revenue contributor to the global flexible AC transmission system market, due to the availability of flat voltage profile at all levels of power transmission and increased stability. Moreover, UPFC segment has witnessed significant growth, as it controls active and reactive power flows in the transmission line and improves transmission system voltage regulation.

North America was the highest revenue contributor to the global flexible AC transmission system market in 2016, accounting for around 56.09% share, owing to surge in demand for grid modernization. In addition, the market in Asia-Pacific is projected to grow at the highest CAGR of 14.4% during the forecast period, due to increase in investment on smart grids and significant economic growth. Furthermore, rise in demand across various industry verticals such as oil & gas, electric utility, railways, and others fuel the growth of flexible AC transmission system in other emerging markets such as Latin America and the Middle East & Africa.

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The report features a competitive scenario of the flexible AC transmission system market and provides a comprehensive analysis of key growth strategies adopted by major players. The key players profiled in the study are ABB Ltd, Adani power, Alstom, Crompton & Greaves, Eaton PLC, General Electric, Hyosung, Mitsubishi Electric Corporation, NR Electric Co. Ltd, and Siemens AG. These players have adopted competitive strategies such as innovation, new product development, and market expansion to boost the growth of the global market.

Table Of Content

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

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Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top winning strategies

3.2.1.1. Top winning strategies, by company, 2015-2017*

3.2.2. Top investment pockets
3.2.3. Top impacting factors

3.3. PORTER’S FIVE FORCES

3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Degree of competition
3.3.4. Threat of new entrants
3.3.5. Threat of substitute

3.4. MARKET SHARE ANALYSIS: MDMS MARKET
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Accelerated deployment of smart meters
3.5.1.2. Rise in adoption of advanced metering infrastructure technologies
3.5.1.3. Increase in need for both prescriptive & predictive analytics
3.5.1.4. Incentives & efforts from government across the globe

3.5.2. Restraint

3.5.2.1. Data management issues
3.5.2.2. High installation costs of smart meters

3.5.3. Opportunity

3.5.3.1. Increase in volume of meter data

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Chapter: 4 SMART METER DATA MANAGEMENT MARKET, BY COMPONENT

4.1. OVERVIEW
4.2. SOFTWARE

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.2.3.1. Meter data management system (MDMS)

4.2.3.1.1. Market size and forecast

4.2.3.2. Meter data analytics (MDA)

4.2.3.2.1. Market size and forecast

4.2.3.3. Communication software

4.2.3.3.1. Market size and forecast

4.3. SERVICES

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

4.3.3.1. Consulting services
4.3.3.2. Project management
4.3.3.3. Implementation and integration
4.3.3.4. Other support services

Chapter: 5 SMART METER DATA MANAGEMENT MARKET, BY DEPLOYMENT TYPE

5.1. OVERVIEW
5.2. CLOUD BASED

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. ON-PREMISE

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

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Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top winning strategies

3.2.1.1. Top winning strategies, by company, 2015-2017*

3.2.2. Top investment pockets
3.2.3. Top impacting factors

3.3. PORTER’S FIVE FORCES

3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Degree of competition
3.3.4. Threat of new entrants
3.3.5. Threat of substitute

3.4. MARKET SHARE ANALYSIS: MDMS MARKET
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Accelerated deployment of smart meters
3.5.1.2. Rise in adoption of advanced metering infrastructure technologies
3.5.1.3. Increase in need for both prescriptive & predictive analytics
3.5.1.4. Incentives & efforts from government across the globe

3.5.2. Restraint

3.5.2.1. Data management issues
3.5.2.2. High installation costs of smart meters

3.5.3. Opportunity

3.5.3.1. Increase in volume of meter data

Chapter: 4 SMART METER DATA MANAGEMENT MARKET, BY COMPONENT

4.1. OVERVIEW
4.2. SOFTWARE

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.2.3.1. Meter data management system (MDMS)

4.2.3.1.1. Market size and forecast

4.2.3.2. Meter data analytics (MDA)

4.2.3.2.1. Market size and forecast

4.2.3.3. Communication software

4.2.3.3.1. Market size and forecast

4.3. SERVICES

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

4.3.3.1. Consulting services
4.3.3.2. Project management
4.3.3.3. Implementation and integration
4.3.3.4. Other support services

Chapter: 5 SMART METER DATA MANAGEMENT MARKET, BY DEPLOYMENT TYPE

5.1. OVERVIEW
5.2. CLOUD BASED

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. ON-PREMISE

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

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