openPR Logo
Press release

FACTS (Flexible AC Transmission System) Market is Growing at Significant Rate, 2024 - Persistence Market Research

FACTS (Flexible AC Transmission System) Market is Growing

FACTS (Flexible alternating current transmission system) comprises of static components which are used for the AC transmission of electrical energy. It finds its application for increasing the flexibility, controllability and power transfer ability of a power transmission network. The global FACTS market can be broadly divided into three compensation types namely shunt connected, shunt, series and combined series. Shunt connected and combined series compensation consists of Interline Power Flow controller and Unified Power Flow Controller. Series compensation comprises of Thyristor Controlled Series Capacitor and Fixed Series Capacitor. The shunt compensation consists of two devices namely Static Synchronous Compensator and Static Var Compensator.

To view complete report @ http://www.persistencemarketresearch.com/market-research/facts-flexible-ac-transmission-system-market.asp

Rising requirement of superior quality high power and high network consistency for applications such as steel industry, electric utilities and mining is expected to drive the FACTS market. The Northeast blackout incidence (2003) in North America offered the need for methods such as FACTS for power and voltage control in order to avoid power failures and blackouts.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/10888

In addition, replacement and upgradation of power infrastructure in urbanized regions such as Europe and America and the power capacity addition in developing economies such as Asia Pacific is also expected to play a crucial role in the growth of this market. Furthermore, the growing combination of renewable energy sources such as wind power in power grids is expected to surge the Flexible alternating current transmission system demand over the forecast period.

Europe and North America constitute the largest market share of global Flexible alternating current transmission system market. RoW and Asia-Pacific are expected to be the promising markets with a remarkable growth potential over the forecast period.

To view TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/10888

Some of the key players of FACTS market include Alstom from France, Toshiba from Japan, Mitsubishi Electric from Japan, ABB from Switzerland, American Superconductor Corporation and General Electric from the U.S and Siemens from Germany among others.

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research

305 Broadway

7th Floor, New York City,

NY 10007, United States,

USA - Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com

Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
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 FACTS (Flexible AC Transmission System) Market is Growing at Significant Rate, 2024 - Persistence Market Research here

News-ID: 639967 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for FACTS

Paint Additives Industry Worldwide - Statistics & Facts
The Paint Additives Market is expected to register a CAGR of 5% from 2025 to 2031. The report is segmented by Additive Type (Rheology Modifiers, Wetting and Dispersing Agents, Defoamers, and Others). The report is also segmented based on Formulation Type (Water-Based and Solvent-Based) and Application (Building and Construction, Automotive, Wood and Furniture, and Others). Download PDF Brochure at: https://www.theinsightpartners.com/sample/TIPRE00020597/?utm_source=OpenPR&utm_medium=10413 The List of Companies 1. ANGUS Chemical Company 2. Arch Chemicals 3. Ashland 4. BYK-Chemie GmbH 5.
QuadAir Drone Reviews - Shocking Facts Revealed
Get QuadAir Drone Today >> https://rebrand.ly/128buzr QuadAir Drone is precision-engineered and designed for ease of flying. QuadAir Drone, a popular holiday gift, is durable, foldable and lightweight. It's also affordable. Is QuadAir Drone worth the hype? What is the QuadAir Drone's working principle? Continue reading for all the details about QuadAir Drone. Must See: Official Site of QuadAir Drone [Up to 70% Discount Black Friday] >> https://rebrand.ly/128buzr echnological innovations are making the world more
T10 Cooler Reviews: Shocing Facts Revealed
Visit Official Website Here >> https://bit.ly/3LHCCDI The T10 Cooler is a portable, compact cooler that can be used in place of traditional air conditioners. It absorbs heat and moisture to cool the air. The T10 Cooler provides instant relief from scorching heat at three speeds: medium-high, high, or low. This equipment is designed to consume less electricity so that it can be used for long hours while using minimal power. Must See: Visit
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
FACTS (Flexible AC Transmission System) Market : Facts, Figures and Analytical I …
FACTS (Flexible alternating current transmission system) comprises of static components which are used for the AC transmission of electrical energy. It finds its application for increasing the flexibility, controllability and power transfer ability of a power transmission network. The global FACTS market can be broadly divided into three compensation types namely shunt connected, shunt, series and combined series. Shunt connected and combined series compensation consists of Interline Power Flow controller