Global Flexible AC Transmission Systems (FACTS) Market 2020 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Flexible AC Transmission Systems Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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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. This report spread across 180 Pages, Profiling 10 Companies and Supported with 180 Tables and 41 figures are now available in this research.
Top Key Players Profiled in the Flexible AC Transmission Systems Market:
- Abb (Hitachi)
- Rongxin Power Engineering Ltd (Rxpe)
- General Electric (Ge)
- Mitsubishi Electric
- American Superconductor
- Nr Electric
- Hyosung Heavy Industries
- Ingeteam Power Technology
FACTS devices are employed across the world to cater to high power quality and network reliability needs. This has led to an increased demand for STATCOM. STATCOM is a power electronic device that uses communicated devices such as GTO and IGBT to regulate reactive power flow through a power network, thereby increasing the stability of a power network.
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Shunt compensation is used for various applications such as voltage stabilization, dynamic reactive power control, increased transmission capacity, power oscillation damping, higher transient stability, system voltage balance maintenance, reduced transmission losses, and voltage control.