Press release
Flexible Alternating Current Transmission Systems (FACTS) Market 2022 report covers, Top Companies, Share and Trends Analysis, Analysis of Business
The Global Flexible Alternating Current Transmission Systems (FACTS) Market Research Report 2022-2027 is a valuable source of insightful data for business strategists. It provides an industry overview with growth analysis and historical and future cost, revenue, demand and supply data (if applicable). Research analysts provide detailed explanations of value chain and retailer analysis. This Flexible Alternating Current Transmission Systems (FACTS) market study provides comprehensive data that enhances the understanding, scope and application of this report.The Flexible Alternating Current Transmission Systems (FACTS) market is set to grow at a CAGR of 10.75 % over the forecast period (2022-2027).
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Top leading companies in the global Flexible Alternating Current Transmission Systems (FACTS) market includes: ABB, Siemens, Mitsubishi Electric, RXPE, GE, Toshiba, Sieyuan Electric, Hyosung, AMSC
Recent Developments
In May 2020, GE Renewable Energy’s Grid Solutions business energized the DRC (Dynamic Reactive Compensator) project for National Grid in the UK. This project is a part of the largest utility-grade STATCOM scheme in Europe.
Flexible Alternating Current Transmission Systems (FACTS) Market segmentation:
Market segment by Type:
Shunt Compensation
Series Compensation
Market segment by Application:
Metal Industry
Utilities
Railway
Mining
Market Overview:
The FACTS market is projected to reach USD 1.5 billion by 2027 from USD 1.2 billion in 2022; it is expected to grow at a CAGR of 5.4% during the forecast period. 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.
Europe accounted for the largest share of FACTS market in 2022
The FACTS market is segmented into the Americas, Europe, APAC, and RoW. The rising industrial production, along with the expanding population, is increasing the demand for electricity across the European countries. This is resulting in the growth of FACTS in this region. Further, government regulations regarding carbon-free power transmission and grid code in Europe are expected to drive the FACTS market in this region.
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Investigator Observers Strong Growth in Specific Regions:
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and the Rest of the Middle East & Africa).
Some key questions answered in the Flexible Alternating Current Transmission Systems (FACTS) market report:
– What is the Flexible Alternating Current Transmission Systems (FACTS) market growth, sales, production, consumption, import and export, trends, latest developments, etc. of each region/country?
– Which key regions or Flexible Alternating Current Transmission Systems (FACTS) market segments will drive market development in the near future?
– The short-term and long-term factors affecting the industry due to COVID-19.
– Historical, current and future market development, growth and market size during the forecast period.
– The detailed qualitative analysis and quantitative insights provided in the report contribute to future growth.
– Comprehensive mapping of key players and the latest strategies adopted by industry players, Manufacturer behaviours analysis.
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Important functions under the reported products and main highlights:
– Detailed overview of the Flexible Alternating Current Transmission Systems (FACTS) Market
– Changes in industry market dynamics
– History, current and projected market size in terms of volume and value
– Detailed Flexible Alternating Current Transmission Systems (FACTS) market segmentation by type, application, etc.
– Recent industry trends and developments
– Competition Situation The high-frequency inductor market
– key company and product strategies
– shows promising growth potential and niche segments/regions
The research includes historical data from 2016 to 2022 and forecasts to 2027, making the reports an invaluable resource for industry managers, marketing, sales, and product managers, consultants, analysts, and others looking for key industry data in easily accessible documents with clearly presented tables and graphs.
Note: All reports on the list are tracking the impact of COVID-19. While doing this, both upstream and downstream of the entire supply chain were considered.
We offer customization on Flexible Alternating Current Transmission Systems (FACTS) market reports based on specific client requirements:
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2: Access to 20% free customization.
3: Access to our analyst’s facts for the following 1 year.
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