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Flexible AC Transmission Systems  Market by Compensation Type, Component, Application, Verticals, and by Geography - Global Forecast to 2020

Flexible AC Transmission Systems Market: Global Forecast until 2020

  • October 2015
  • 163 pages
  • ID: 3326300
In this report:
Electric utilities accounted for more than ##% of the overall FACTS market in 2015 among all other utilities and it is expected to grow at a CAGR of ##.##% from 2015 to 2020.
The country is trying to reduce greenhouse gas emission by ##% by 2050, which is likely to boost the smart grid market as well as improve transmission and distribution network in the U.K. This new transmission opportunity is expected to help the market for FACTS to grow.


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This industry report presents a in-depth overview of the global flexible AC transmission systems market by enveloping all main market segments with complete qualitative analysis at each and every aspect of the segmentation. This sector has become a main component in the electric vertical. This technology is dynamic and fast-developing, with new applications emerging continuously. Flexible AC transmission systems offer features of higher flexibility and reliability for existing power systems. Some of the main advantages of these solutions contain power & voltage control, enhanced system reliability, loss reduction, and rised power quality among others.

The overall flexible AC transmission systems market is forecasted to reach ~$1.3B by 2020, at a CAGR (Compound annual growth rate) of 5.10 percent from 2015 to 2020. The overall flexible AC transmission systems market has been split on the basis of compensation type, components, application, verticals and area. Flexible AC transmission systems split on the basis of compensation type includes shunt compensation, series compensation, and combined series & shunt compensation. The flexible AC transmission systems market divided on the basis of component contain power electronic devices, thyristors, reactors, capacitor banks, GIS switchgear, phase shifting transformers, surge arresters, and protection & control systems. Its segmentation on the basis of application type includes steady state and dynamic state application. The distribution according to verticals of flexible AC transmission systems contain electric utilities, renewables, railways, industrial, and oil & gas. The growth in the industry demand for electric utility, industrial, and renewables industry market is also responsible for the rise of this market. The flexible AC transmission systems market has also been broken down on the basis of geography into different regions including the Americas, Europe (EU), Asia-Pac, and RoW. The Asia-Pacific area is forecast to dominate the industry at a compound annual growth rate (CAGR) of 7.00 percent from 2015 to 2020. The increasing demand for flexible AC transmission systems in countries such as india (IN), China (CN), and Australia (AU) is predicted to push the market in this area.

The factors driving the flexible AC transmission systems market contain the growing demand for voltage and power control solutions and advancement and restoration of existing power infrastructure. Nevertheless, the high installation cost of flexible AC transmission systems is one of the factors hindering the increase of the market. The evolution of smart grid affords scope for alternatives in the flexible AC transmission systems market.

The main players which provide flexible AC transmission systems market contain ABB Ltd. (NYSE:ABB), Siemens (SIA), Mitsubishi Electric Corp., General Electric (NYSE:GE), Eaton Corp PLC, Alstom, American Electric Power, Hyosung, NR Electric Co. Ltd., and Adani Power among others.

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