FACTS (Flexible AC Transmission System) Market Report with Size, Share, Value, CAGR, Outlook, Analysis, Latest Updates, Data, and News 2027 | ABB, Siemens, Mitsubishi Electric, General Electric, Eaton, Alstom

The “FACTS (Flexible AC Transmission System) Market” provides analysis and insights relating to the many factors expected to be rife throughout the forecast amount whereas providing their impacts on the Market’s growth. The increase within the aviation sector is escalating the expansion of the market. On the other hand, the high value associated with the services is foreseen to hinder the market growth. Lack of practised professionals and specialists is projected to challenge the FACTS (Flexible AC Transmission System) Market within the forecast amount of 2021-2027.

The FACTS (Flexible AC Transmission System) Market length is anticipated to develop at a CAGR of 10.9% for 2021-2027.

The rise in customer-centricity within the aviation trade acts collectively of the key factors driving the expansion of the market. The study includes information on rising players, as well as the competitive landscape, revenue, revenue and world market share of the key manufacturers: ABB, Siemens, Mitsubishi Electric, General Electric, Eaton, Alstom, American Electric Power, Hyosung, NR Electric, Adani Power, Toshiba, Superconductor

Recent Developments

ABB has acquired 39 companies, including 8 in the last 5 years. A total of 11 acquisitions came from private equity firms. It has also divested 6 assets. ABB’s largest acquisition to date was in 2010 when it acquired Baldor Electric for $4.2B. Its largest disclosed sale occurred in 2021 when it sold ABB - DODGE Mechanical Power Transmission Business to RBC Bearings for $2.9B. ABB has been acquired in 8 different US states, and 15 countries. The Company’s most targeted sectors include electrical equipment (38%) and technology hardware (18%).

Siemens has acquired 54 companies, including 19 in the last 5 years. A total of 19 acquisitions came from private equity firms. It has also divested 22 assets. Siemens’ largest acquisition to date was in 2015 when it acquired Dresser-Rand Group for $7.8B. Its largest disclosed sale occurred in 2014 when it sold Sivantos Group to EQT Holdings AB for $2.4B. Siemens has acquired in 12 different US states, and 12 countries. The Company’s most targeted sectors include software (46%) and information technology (9%).

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Market Overview:

 The growth of the FACTS market is driven by the increasing benefits offered by FACTS, growth in transmission lines, rising focus on energy generation using renewable sources, and rising demand for STATCOM devices for voltage control. Further, rising investments in transmission networks and potential opportunities in APAC are opportunities for FACTS manufacturers. The efforts to reduce carbon emissions by using renewable sources such as wind, hydro, and solar in power generation are increasing across the world. In developed regions, such as the Americas and Europe, there is an increasing need for enhanced power transfer capability on existing transmission lines to meet the growing demand for electricity. The electricity system needs to be modified to ensure clean, sustainable, and environment-friendly electricity generation. FACTS are being used to integrate renewable energy sources in transmission networks to maintain system stability, power supply quality, and reliability.

on the concept of varieties, the market from 2021 to 2027 is primarily split into:

Electric Utilities
Renewables
Railways
Oil & Gas

on the idea of applications, the market from 2021 to 2027 covers:

Shunt Connected
Shunt
Series and Combined Series

Regional FACTS (Flexible AC Transmission System) Market (Regional Output, Demand & Forecast by Countries):

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

In addition, the market report provides Associate in Nursing in-depth analysis of each region, conjointly has Associate in Nursing in-depth country analysis. additionally, to plug revenue, the market value report conjointly provides forecast analysis of countries and regions. A top-down demand analysis was conjointly administered.

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Key edges for FACTS (Flexible AC Transmission System) Market:

This study contains an Associate in Nursing analytical depiction of the FACTS (Flexible AC Transmission System) market trends with current trends and future estimations to depict the approaching investment pockets.
the worldwide market research report presents info related to key drivers, restraints, and opportunities with elaborate impact analysis.
Porter’s 5 forces analysis illustrates the efficiency of the patrons and suppliers within the FACTS (Flexible AC Transmission System) market share.
The study conjointly contains the FACTS (Flexible AC Transmission System) market chance that helps key players in deciding.
The leading players within the trade predict a high revenue margin from FACTS (Flexible AC Transmission System) market returns.

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Effect of COVID-19:

The Global Market report investigates the result of Coronavirus (COVID-19) on the trade. Since Dec 2019, the COVID-19 infection has unfolded to 180+ nations around the world with the World Health Organization saying it is a general well-being crisis. The worldwide effects of the Covid infection 2019 (COVID-19) square measure currently beginning to be felt, and may primarily influence the market in 2020

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