World Flexible AC Transmission Equipment Market

World Flexible AC Transmission Equipment Market

This report analyzes the worldwide markets for Flexibe AC Transmission Equipment in Millions of US$. The market is analyzed by the following Compensation Types - Fixed Compensation, and Variable Compensation. The report provides separate comprehensive analytics for the US, Canada, Europe, Asia-Pacific, and Rest of World. Annual forecasts are provided for each region for the period of 2006 through 2015. The report profiles 14 companies including many key and niche players worldwide such as ABB Ltd., American Superconductor Corporation, AREVA T&D SA, Eaton Corporation, GE Energy, Mitsubishi Electric Power Products, Inc., S&C Electric Company, Siemens Power Transmission and Distribution Group, Trench Group, VA Tech T&D, and Square D. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

FLEXIBLE AC TRANSMISSION EQUIPMENT
A GLOBAL STRATEGIC BUSINESS REPORT MCP-1783


CONTENTS


I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analytics I-2
Product Definitions and Scope of Study I-3
Fixed Compensation I-3
Variable Compensation I-3


II. EXECUTIVE SUMMARY

1. Market Overview II-1
Electricity - The Most Vital Component for World Economy II-1
Current and Future Analysis II-1
Analysis by Region II-1
Analysis by Compensation Type II-1
FACTS Devices Market II-2

2. Market Trends & Issues II-3
Power Market Trends II-3
Fixed Vs. Variable Compensation Equipment: Price Trends II-3
Shift towards Variable Shunt Compensation Equipment II-3
Growing Importance of Variable Compensation Technologies II-4
New Equipment - Foraying into the Market II-4
Increasing Awareness Boosts FACT Equipment Growth II-4
New Technologies to Play a Vital Role in Advanced High Voltage
Transmission Technology Market II-5
Utility Companies to Invest in New Technologies II-6

3. Competition II-7
ABB - The Uncontested Leader II-7
Table 1: World Power Transmission and Distribution (T&D)
Market (2004 & 2006): Market Share Breakdown of Value Sales
for ABB, Siemens, Areva, Schneider, Toshiba and Others
(includes corresponding Graph/Chart) II-7

4. Product Overview II-8
Flexible Alternating Current Transmission System II-8
FACTS Devices II-8
Based on Compensation Type II-8
Fixed Compensation II-8
Variable Compensation II-8
Based on Voltage Type II-8
High Voltage Devices II-8
Medium Voltage Devices II-9
Based on Connection Mode II-9
Static Volt-Ampere-Reactive Compensators (SVCs) II-9
Synchronous Compensators (STATCOMs) II-9
Series Capacitors II-10
Shunt Capacitors II-10
Shunt Reactors II-10
Thyristor Controlled Series Compensators (TCSCs) II-10
Static Synchronous Series Compensator (SSSC) II-10
Unified Power Flow Controller (UPFC) II-10
Unified Power Quality Conditioner (UPQC) II-10
Methods to Connect FACTS with Power System II-11
Series Compensation II-11
Thyristor Switched Series Capacitor (TSSC) II-11
Thyristor Controlled Series Capacitor (TCSC) II-11
Static Synchronous Series Compensator (SSSC) II-11
Other Series Compensation II-12
Shunt Compensation II-12
Shunt Capacitive Compensation II-12
Shunt Inductive Compensation II-12
Types of Shunt Compensation II-12
Mechanically Switched Capacitor II-12
Static VAR Compensator II-12
Thyristor Controlled Reactor II-13
Thyristor Switched Capacitor II-13
Static synchronous compensator II-13
Benefits of FACTS II-13
Optimized Transmission System Utilization II-13
Maximize Grid Capacity II-14
Maximized System Availability and Reliability II-14
Maximized Supply Quality II-14
Enhanced Grid Stability II-14
Minimized Impact on Environment II-14
Maximize Cost-Benefit Ratio II-14
FACTS Applications II-15
Steady State Applications II-15
FACTS Correcting Steady-State Issues II-15
Improve Load Margin II-16
Improve ATC Value II-16
Optimizing Power Flow II-16
Minimize Congestion II-16
Control Voltage and Reactive Power II-16
Transient and Post Transient State Applications II-16
FACTS Correcting Dynamic Issues II-16
Enhance Transient Stability II-17
Dynamic Control of Voltage for Contingencies II-17
Dampen Oscillation II-17
Eliminate Sub-Synchronous Resonance (SSR) II-17
STATCOMs and SVCs Applications II-17
Limitations of FACTS II-17
Generations of FACTS II-18
First Generation of FACTS (SVC) II-18
First Generation of FACTS (TCSC) II-18
Second Generation of FACTS (STATCOM) II-18
Third Generation of FACTS (UPFC) II-18
Recent Development - Convertible Static Compensators II-19
FACTS Installations II-19
TCSC Installations II-19
Table 2: Major TCSC Installations (1992-2004) II-19
STATCOM Installations II-19
Table 3: Major STATCOM Installations (1991-2003) II-19
New Advancements in FACTS II-19
Cost Breakdown for FACTS II-20
Table 4: Percentage Share Breakdown of Costs by Component
(includes corresponding Graph/Chart) II-20

5. Product Launches & Developments II-21
American Superconductor Launches SVC Solutions II-21
Eaton Unveils TVSS Power Event Monitor II-21
California Developers Develop New Variable Compensation Circuit II-21
BHEL Develops Advanced FACTS to Minimize Transmission Losses II-22
BHEL Develops FACTS II-22

6. Recent Industry Activity II-23
Areva T&D Snaps Up Waltec II-23
AREVA T&D to Take Over Nokian Capacitors II-23
GE Consumer & Industrial and Areva T&D forms Strategic Alliance II-23
American Superconductor Receives Multiple Orders II-23
American Superconductor Receives Order to Deliver SVC Systems II-24
American Superconductor Secures Orders for D-VAR® Technology II-24
American Superconductor Secures Two Orders for D-VAR Technology II-24
Areva T&D Starts New Manufacturing Unit II-25
Siemens Receives Order from Thanet Offshore Wind II-25
Hydro-Quebec Selects ABB to Upgrade Power Transmission Control II-25
ABB Secures Contracts for Flexible AC Transmission Systems in
Steel Plants II-25
China Southern Power Grid to Build Yunnan-Guangdong AC Power
Transmission Plant II-26
Siemens to Connect Greater Gabbard to the Power Grid II-26
American Superconductor Acquires Power Quality Systems II-27
American Superconductor Acquires Windtec II-27
Motion Industries Snaps Up Meier Transmission II-27
Eaton Acquires Pulizzi Engineering II-28
MDU Resources Takes Over Lone Mountain II-28
AREVA T&D to Take Over VEI’s Medium Voltage Activities II-28
Fenner Takes Over B-LOC II-28
Eaton Acquires SMC’s Medium-Voltage Industrial Drive Business II-28
Abu Dhabi National Energy Acquires CMS Generation Company II-29
AREVA T&D Signs Acquisition Agreement with Passoni & Villa II-29
AREVA T&D to Set-up a Joint Venture with Russian Company II-29
American Superconductor Bags Multi-Million Dollar SVC Order II-29
American Superconductor Receives Order for SVC Solutions II-30
Power Machines Supplies New Asynchronized Generator for
Mosenergo Power Plant II-30
American Superconductor Secures New Orders for D-VAR® Solutions II-30
American Superconductor Obtains Several Orders for PQ-SVC
Solution II-30
American Superconductor Secures Two Overseas Orders for D-VAR®
Technology II-31
ABB Bags Order from Brazilian Company II-31
ABB Enters into US$35 Million Contract II-31
American Superconductor to Supply D-VAR® Systems for New West
Cape Wind Farm II-32
American Superconductor Receives Orders from VRB Power Systems II-32
American Superconductor Receives Order from Suzlon II-32
Siemens to Supply Flexible AC Transmission Systems to CenterPoint II-33
AREVA T&D Receives Contract from ALCAN II-33
Siemens Handovers New FACTS Installation to SCE II-33
Siemens’ Static Var Compensator Commences Operations in Denmark II-34
AREVA to Produce Power Transmission and Distribution Equipment
in China II-34
WBSETC and WBSEDC to Transmit and Distribute Power II-34
IDB Approves Financing for State Power Transmission System II-34
AREVA Acquires RITZ High Voltage Business II-35
American Superconductor to Supply D-VAR System for Econnect’s
Wind Farm II-35
American Superconductor to Supply D-VAR Systems for Lake
Bonney Wind Project II-35
American Superconductor and GE Energy to Supply D-VAR Systems
to Detroit’s Public Lighting Department II-36
American Superconductor and Tennessee Valley Authority Start
SuperVAR® Production II-36
ABB Receives Six Orders to Install FACTS in Steel Plants II-36
ABB Receives Orders from Steel Manufacturers II-37
AMSC Receives Multiple New Orders for D-VAR Systems II-37
AMSC and GE Energy Supply D-VAR System for Aquila II-37
American Superconductor to Supply DVAR Compensator to Iceland
Transmission Grid II-38
American Superconductor to Supply Three DVAR Systems to
Canadian Mining Facility II-38
San Francisco Power Grid Employs ABB`s SVC Technology II-38
Austin Energy Commissions STATCOM Project II-38
Siemens Power Transmission and Distribution Acquires Trench
Electric Holding II-39
RTE Awards Turnkey FACTS Contract to ABB II-39
Georgia Power Awards Turnkey Contract to Mitsubishi Electric
Power Products II-39
ABB Wins Power Transmission Systems Contract in Australia II-40
Powergrid Corporation of India Awards Turnkey Contract to ABB II-40

7. Focus on Select Players II-41
ABB Ltd. (Switzerland) II-41
American Superconductor Corporation (US) II-41
AREVA T&D SA (France) II-41
Eaton Corporation (US) II-41
GE Energy (US) II-42
Mitsubishi Electric Power Products, Inc. (US) II-42
S&C Electric Company (US) II-42
Siemens Power Transmission and Distribution Group (Germany) II-42
Trench Group (US) II-42
VA Tech T&D (Austria) II-43
Square D (US) II-43

8. Global Market Perspective II-44
Table 5: World Recent Past, Current & Future Analysis for
Flexible AC Transmission Equipment by Geographic Region - US,
Canada, Europe, Asia-Pacific (including Japan), and Rest of
World Markets Independently Analyzed with Annual Sales in US$
Million for Years 2006 through 2015 (includes corresponding
Graph/Chart) II-44

Table 6: World 10-Year Perspective for Flexible AC
Transmission Equipment by Geographic Region - Percentage
Breakdown of Value Sales for US, Canada, Europe, Asia-Pacific
(including Japan), and Rest of World Markets for Years 2006,
2009 & 2015 (includes corresponding Graph/Chart) II-45

Table 7: World Recent Past, Current & Future Analysis for
Variable Compensation Equipment by Geographic Region - US,
Canada, Europe, Asia-Pacific (including Japan), and Rest of
World Markets Independently Analyzed with Annual Sales in US$
Million for Years 2006 through 2015 (includes corresponding
Graph/Chart) II-46

Table 8: World 10-Year Perspective for Variable Compensation
Equipment by Geographic Region - Percentage Breakdown of
Value Sales for US, Canada, Europe, Asia-Pacific (including
Japan), and Rest of World Markets for Years 2006, 2009 & 2015
(includes corresponding Graph/Chart) II-47

Table 9: World Recent Past, Current & Future Analysis for
Fixed Compensation Equipment by Geographic Region - US,
Canada, Europe, Asia-Pacific (including Japan), and Rest of
World Markets Independently Analyzed with Annual Sales in US$
Million for Years 2006 through 2015 (includes corresponding
Graph/Chart) II-48

Table 10: World 10-Year Perspective for Fixed Compensation
Equipment by Geographic Region - Percentage Breakdown of
Value Sales for US, Canada, Europe, Asia-Pacific (including
Japan), and Rest of World Markets for Years 2006, 2009 &
2015 (includes corresponding Graph/Chart) II-49


III. MARKET

1. The United States III-1
A.Market Analysis III-1
Current & Future Analysis III-1
US FACTS Market III-1
Shift towards Variable Shunt Compensation Equipment III-1
US Power Dynamics III-1
Bottlenecks - Yet to be Tackled III-2
Flexible AC Transmission Equipment Market Perspective III-3
Table 11: US Flexible AC Transmission Equipment Market
(2008 & 2009): Percentage Breakdown of Value Sales by
Equipment Type for Variable Compensation (Variable Shunt,
Variable Series and Variable Power Flow Controllers), and
Fixed Compensation (Shunt Capacitor, Series Capacitor and
Shunt Reactor) (includes corresponding Graph/Chart) III-3

Table 12: US Variable Compensation Equipment Market (2008 &
2009): Percentage Breakdown of Value Sales by Equipment
Type for SVC, STATCOM, TCSC, SSSC, SC, UPFC, UPQC, and PST
(includes corresponding Graph/Chart) III-4

Table 13: US Variable Compensation Equipment Market (2008 &
2009): Percentage Breakdown of Value Sales by Compensation
Type for Shunt, Series and Power Flow (includes
corresponding Graph/Chart) III-4

Table 14: US Variable Compensation Equipment Market (2008 &
2009): Percentage Breakdown of Value Sales by Voltage Type
for High Voltage and Medium Voltage III-5

Table 15: US Variable Compensation Equipment Market (2008 &
2009): Percentage Breakdown of Value Sales by End-Use
Segment for Utility and Industrial III-5

Table 16: US Fixed Compensation Equipment Market (2008 &
2009): Percentage Breakdown of Value Sales by Equipment
Type for Shunt Capacitor, Series Capacitor and Shunt
Reactor (includes corresponding Graph/Chart) III-5

Table 17: US Fixed Compensation Equipment Market (2008 &
2009): Percentage Breakdown of Value Sales by End-Use
Segment for Utility and Industrial III-5
FACTS Installations in the US III-6
Product Launches & Developments III-6
Strategic Developments III-7
Select Players III-14
American Superconductor Corporation III-14
Eaton Corporation III-14
GE Energy III-14
Mitsubishi Electric Power Products, Inc. III-15
S&C Electric Company III-15
Trench Group III-15
Square D III-15
B.Market Analytics III-16
Table 18: US Recent Past, Current & Future Analysis for
Flexible AC Transmission Equipment by Compensation Type -
Variable Compensation and Fixed Compensation Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2006 through 2015 (includes corresponding
Graph/Chart) III-16

Table 19: US 10-Year Perspective for Flexible AC
Transmission Equipment by Compensation Type - Percentage
Breakdown of Dollar Sales for Variable Compensation and
Fixed Compensation Markets for Years 2006, 2009 & 2015 III-16

2. Canada III-17
A.Market Analysis III-17
Current & Future Analysis III-17
Strategic Developments III-17
B.Market Analytics III-18
Table 20: Canadian Recent Past, Current & Future Analysis
for Flexible AC Transmission Equipment by Compensation Type -
Variable Compensation and Fixed Compensation Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2006 through 2015 (includes corresponding
Graph/Chart) III-18

Table 21: Canadian 10-Year Perspective for Flexible AC
Transmission Equipment by Compensation Type - Percentage
Breakdown of Dollar Sales for Variable Compensation and
Fixed Compensation Markets for Years 2006, 2009 & 2015 III-19

3. Europe III-20
A.Market Analysis III-20
Current & Future Analysis III-20
European Transmission & Distribution Market III-20
Table 22: Number of Transmission and Distribution
Substations in Europe (2006) (includes corresponding
Graph/Chart) III-20

Table 23: Transmission and Distribution Lines in Europe in
Kilometers (2006) (includes corresponding Graph/Chart) III-20
Strategic Developments III-21
Select Players III-27
ABB Ltd. (Switzerland) III-27
AREVA T&D SA (France) III-27
Siemens Power Transmission and Distribution Group (Germany) III-28
VA Tech T&D (Austria) III-28
B.Market Analytics III-28
Table 24: European Recent Past, Current & Future Analysis
for Flexible AC Transmission Equipment by Compensation Type -
Variable Compensation and Fixed Compensation Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2006 through 2015 (includes corresponding
Graph/Chart) III-28

Table 25: European 10-Year Perspective for Flexible AC
Transmission Equipment by Compensation Type - Percentage
Breakdown of Dollar Sales for Variable Compensation and
Fixed Compensation Markets for Years 2006, 2009 & 2015 III-29

4. Asia-Pacific III-30
A.Market Analysis III-30
Current & Future Analysis III-30
FACTS Gains Momentum in India III-30
India Transmission & Distribution Market III-30
Table 26: Indian Transmission & Distribution Market (2006):
Percentage Breakdown of Revenues by Leading Players for
ABB, Areva Siemens, BHEL, CGL, and Others (includes
corresponding Graph/Chart) III-30
Product Developments III-31
Strategic Developments III-31
B.Market Analytics III-34
Table 27: Asia-Pacific Recent Past, Current & Future
Analysis for Flexible AC Transmission Equipment by
Compensation Type - Variable Compensation and Fixed
Compensation Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2006 through 2015
(includes corresponding Graph/Chart) III-34

Table 28: Asia-Pacific 10-Year Perspective for Flexible AC
Transmission Equipment by Compensation Type - Percentage
Breakdown of Dollar Sales for Variable Compensation and
Fixed Compensation Markets for Years 2006, 2009 & 2015 III-34

5. Rest of World III-35
A.Market Analysis III-35
Current & Future Analysis III-35
Strategic Developments III-35
B.Market Analytics III-36
Table 29: Rest of World Recent Past, Current & Future
Analysis for Flexible AC Transmission Equipment by
Compensation Type - Variable Compensation and Fixed
Compensation Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2006 through 2015
(includes corresponding Graph/Chart) III-36

Table 30: Rest of World 10-Year Perspective for Flexible AC
Transmission Equipment by Compensation Type - Percentage
Breakdown of Dollar Sales for Variable Compensation and
Fixed Compensation Markets for Years 2006, 2009 & 2015 III-36


IV. COMPETITIVE LANDSCAPE