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Flexible AC Transmission Systems (FACTS) Market with Covid-19 Impact Analysis by Compensation Type (Shunt, Series, and Combined), Generation Type, Vertical, Component, Application, Functionality, and Geography - Global Forecast to 2025
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Flexible AC Transmission Systems Market by Application, Future Demands, and Key Players, 2025
Scope of The Report Research report categorizes the Flexible AC Transmission Systems (FACTS) Market based on Compensation Type, Component, Application and Geography. By Compensation Type • Shunt Compensation • Series Compensation • Combined Compensation By Application • Voltage control • Power control And More…
Key Segments The FACTS market is projected to reach USD 1.5 billion by 2025 from USD 1.2 billion in 2020; it is expected to grow at a CAGR of 5.4% during the forecast period. 1 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 the opportunities for FACTS manufacturers. 2 3 Browse 184 market data Tables and 41 Figures spread through 180 Pages and in-depth TOC on "Flexible AC Transmission Systems Market” 4 Voltage control dominated facts market, in terms of size, in 2019 Utilities to dominate FACTS market during the forecast period 5 UK is the major consumer of FACTS in Europe
Flexible AC Transmission Systems Market Growth Rate 2025 2020 CAGR of 5.4% Market Size of $ 1.2 billion Market Size of $ 1.5 billion
Key Vendors Vendors ABB (HITACHI) (ABB, Switzerland) General Electric Company (GE, US) Siemens AG (Siemens, Germany) Mitsubishi Electric Corporation (Mitsubishi Electric, Japan) Infineon Technologies AG (Infineon, Germany) American Superconductor (AMSC, US) NR Electric Co., Ltd. (NR Electric, China) • • • • • • • View Report Here - https://www.marketsandmarkets.com/Market-Reports/flexibl e-ac-transmission-system-market-1228.html
Top Region.. Americas • Europe • APAC • RoW • View Report Here - https://www.marketsandmarkets.com/Market-Reports/flexible-ac-transmission-system-ma rket-1228.html
Frequently Asked Questions (FAQ) of this Report 1. What is the current size of the global FACTS market? 2. What are the consequences of COVID-19 on supply chain of FACTS market? 3. What are the latent opportunities in the FACTS market in the next five years? 4. Which are the major companies in the FACTS market?
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