Press release
Flexible AC Transmission System (FACTS) Industry to Witness Massive Growth (2024-2031) | Hitachi Energy Ltd., Siemens, General Electric, Mitsubishi Electric Corporation, Infineon Technologies AG, NR Electric Co., Ltd.,
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The Flexible AC Transmission System (FACTS) market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Flexible AC Transmission System (FACTS) refers to a collection of advanced technologies designed to enhance the controllability, stability, and power transfer capability of alternating current (AC) transmission networks. By utilizing power electronics and other innovative components, FACTS devices can dynamically manage the flow of electrical power, improve system reliability, and optimize the performance of the power grid. These systems are crucial for efficiently integrating renewable energy sources and meeting the increasing demand for electricity.
Forecast Growth Projected:
The Global Flexible AC Transmission System (FACTS) Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Flexible AC Transmission System (FACTS) Market:
Hitachi Energy Ltd., Siemens, General Electric, Mitsubishi Electric Corporation, Infineon Technologies AG, NR Electric Co., Ltd., Hyosung Heavy Industries, American Superconductor, CG Power & Industrial Solutions Ltd. and Liaoning Rongxin Xingye Power Technology Co., Ltd
Segment Covered in the Flexible AC Transmission System (FACTS) Market:
By Configuration: Series, Shunted, Combined
By Product: Static Var Compensator (SVC), Thyristor Controlled Series Capacitor (TCSC), Static Synchronous Compensator (STATCOM), Unified Power Flow Controller (UPFC)
By Voltage: (132 kV to 220 kV, 220 kV to 660 kV, Above 660 kV)
By End-User: (Utilities, Renewables, Smart grid, Railways, Metals and Mining, Oil and Gas)
Regional Analysis:
The global Flexible AC Transmission System (FACTS) Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Flexible AC Transmission System (FACTS) Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Flexible AC Transmission System (FACTS) Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Flexible AC Transmission System (FACTS) manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Flexible AC Transmission System (FACTS) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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