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Flexible AC Transmission Systems (FACTS) Market by Compensation Type (Shunt, Series & Combined), Component, Application, Verticals (Electric Utilities, Renewables, Railways, Industrial, And Oil & Gas), and by Geography - Global Forecast to 2020

Flexible AC Transmission Systems (FACTS) Market by Compensation Type (Shunt, Series & Combined), Component, Application, Verticals (Electric Utilities, Renewables, Railways, Industrial, And Oil & Gas), and by Geography - Global Forecast to 2020

This report presents a detailed overview of the overall flexible AC transmission systems (FACTS) market by enveloping all major market segments with complete qualitative analysis at each and every aspect of the segmentation. This market has become a key component in the electric vertical. This technology is dynamic and fast-developing, with new applications emerging continuously. Flexible AC transmission systems (FACTS) provide features of higher flexibility and reliability for existing power systems. Some of the major advantages of these solutions include power & voltage control, enhanced system reliability, loss reduction, and increased power quality among others.

The global flexible AC transmission systems (FACTS) market is expected to reach USD 1.26 billion by 2020, at a CAGR of 5.1% between 2015 and 2020. The global flexible AC transmission systems (FACTS) market has been segmented on the basis of compensation type, components, application, verticals and geography. Flexible AC transmission systems (FACTS) segmented on the basis of compensation type includes shunt compensation, series compensation, and combined series & shunt compensation. The flexible AC transmission systems (FACTS) market segmented on the basis of component include power electronic devices, thyristors, reactors, capacitor banks, GIS switchgear, phase shifting transformers (PST), surge arresters, and protection & control systems. Its segmentation on the basis of application includes steady state and dynamic state application. The segmentation according to verticals of flexible AC transmission systems (FACTS) include electric utilities, renewables, railways, industrial, and oil & gas. The increase in the demand for electric utility, industrial, and renewables industry market is also responsible for the growth of this market. The flexible AC transmission systems (FACTS) market has also been segmented on the basis of geography into various regions such as the Americas, Europe, APAC, and RoW. The Asia-Pacific region is expected to dominate the market at a CAGR of 7.0% between 2015 and 2020. The growing demand for flexible AC transmission systems (FACTS) in countries such as India, China, and Australia is expected to drive the market in this region.

The factors driving the flexible AC transmission systems (FACTS) market include the increasing demand for voltage and power control solutions and advancement and restoration of existing power infrastructure. However, the high installation cost of flexible AC transmission systems (FACTS) is one of the factors hindering the growth of the market. The evolution of smart grid offers scope for opportunities in the flexible AC transmission systems (FACTS) market.

The major players which provide flexible AC transmission systems (FACTS) market include ABB Ltd. (Switzerland), Siemens AG (Germany), Mitsubishi Electric Corp. (Japan), General Electric (U.S.), Eaton Corp PLC (Ireland), Alstom (France), American Electric Power (U.S.), Hyosung (South Korea), NR Electric Co. Ltd. (China), and Adani Power (India) among others.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY & PRICING
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
      • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • INCREASING OPPORTUNITIES IN ELECTRICAL UTILITIES IS EXPECTED TO DRIVE THE FACTS MARKET DURING THE FORECAST PERIOD
    • FACTS MARKET: BY COMPENSATION TYPE
    • RENEWABLES AND OIL & GAS INDUSTRY IN APAC IS EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD
    • THE AMERICAN REGION HELD THE LARGEST MARKET SHARE IN THE GLOBAL FACTS MARKET IN 2014
    • FACTS MARKET: BY GEOGRAPHY
    • LIFE CYCLE ANALYSIS, BY GEOGRAPHY
  • MARKET OVERVIEW
    • MARKET EVOLUTION
      • FIRST GENERATION
      • SECOND GENERATION
      • THIRD GENERATION
      • FOURTH GENERATION
        • Table GLOBAL FACTS MARKET, 2013-2020 (USD MILLION)
    • MARKET DYNAMICS
      • DRIVERS
        • Table LIST OF FEW FACTS PROJECTS WITH GOVERNMENT SUPPORT
        • Table INCREASING DEMAND FOR VOLTAGE AND POWER CONTROL SOLUTIONS IS PROPELLING THE GROWTH OF FACTS MARKET DURING THE FORECAST PERIOD
      • RESTRAINTS
        • Table LACK OF AWARENESS ACTS AS A RESTRAINT FOR THE FACTS MARKET
      • OPPORTUNITIES
        • Table INCORPORATION OF RENEWABLE SOURCES IN POWER GENERATION IS A HUGE OPPORTUNITY FOR THE FACTS MARKET
      • CHALLENGES
      • WINNING IMPERATIVE
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • Table PORTER'S FIVE FORCES ANALYSIS: THREAT OF SUBSTITUTES IS LIKELY TO HAVE MINIMUM IMPACT ON THE OVERALL MARKET
      • INTENSITY OF COMPETITIVE RIVALRY
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF NEW ENTRANTS
    • REGULATORY LANDSCAPE
      • Table FACTS MARKET: REGULATORY LANDSCAPE
  • FLEXIBLE AC TRANSMISSION MARKET, BY COMPENSATION TYPE
    • INTRODUCTION
      • Table FACTS MARKET, BY COMPENSATION TYPE, 2013-2020 (USD MILLION)
    • SHUNT COMPENSATION
      • Table FACTS MARKET, BY SHUNT COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS SHUNT COMPENSATION MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
      • STATIC SYNCHRONOUS COMPENSATOR (STATCOM)
        • Table STATCOM SHUNT COMPENSATION MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
      • STATIC VAR COMPENSATOR (SVC)
        • Table SVC SHUNT COMPENSATION MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
    • SERIES COMPENSATION
      • Table FACTS MARKET, BY SERIES COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS SERIES COMPENSATION MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
      • FSC (FIXED SERIES CAPACITOR)
        • Table FSC SERIES COMPENSATION MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
      • THYRISTOR SERIES CAPACITOR
        • Table THYRISTOR SERIES CAPACITOR MARKET, SERIES COMPENSATION MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
    • COMBINED SERIES AND SHUNT COMPENSATION
      • Table COMBINED SHUNT & SERIES COMPENSATION MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
      • UNIFIED POWER FLOW CONTROLLER (UPFC)
      • INTERLINE POWER FLOW CONTROLLER (IPFC)
    • RECENT TECHNOLOGICAL DEVELOPMENTS IN FACTS MARKET
      • CSC (CONVERTIBLE SYNCHRONOUS COMPENSATOR)
      • THYRISTOR PROTECTED SERIES CAPACITOR (TPSC)
      • GENERALIZED UNIFIED POWER FLOW CONTROLLER(GUPFC)
      • STATIC SYNCHRONOUS SERIES COMPENSATOR (SSSC)
  • FLEXIBLE AC TRANSMISSION MARKET, BY COMPONENT TYPE
    • INTRODUCTION
    • POWER ELECTRONICS DEVICES
    • THYRISTORS
    • REACTORS
    • CAPACITOR BANKS
    • GIS SWITCHGEAR
    • PHASE-SHIFTING TRANSFORMERS (PST)
    • SURGE ARRESTERS
    • PROTECTION AND CONTROL SYSTEMS
  • FLEXIBLE AC TRANSMISSION MARKET, BY APPLICATION
    • INTRODUCTION
    • STEADY STATE APPLICATIONS
    • DYNAMIC STATE APPLICATIONS
  • FLEXIBLE AC TRANSMISSION MARKET, BY VERTICAL
    • INTRODUCTION
      • Table FACTS MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
    • ELECTRIC UTILITIES
      • Table FACTS ELECTRIC UTILITIES MARKET, BY COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS ELECTRIC UTILITIES MARKET, BY SHUNT COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS ELECTRIC UTILITIES MARKET, BY SERIES COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS ELECTRIC UTILITIES MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION)
    • RENEWABLES
      • Table FACTS RENEWABLES MARKET, 2013-2020 (USD MILLION)
      • Table FACTS RENEWABLES MARKET, BY COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS RENEWABLES MARKET, BY SHUNT COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS RENEWABLES MARKET, BY SERIES COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS RENEWABLES MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION)
      • WIND POWER GRIDS
        • Table FACTS RENEWABLES WIND POWER MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION)
      • SOLAR FARMS
        • Table FACTS RENEWABLES SOLAR FARM MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION)
    • RAILWAYS
      • Table FACTS RAILWAYS MARKET, BY COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS RAILWAYS MARKET, BY SHUNT COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS RAILWAYS MARKET, BY SERIES COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS RAILWAYS MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION)
    • INDUSTRIAL
      • Table FACTS INDUSTRIAL MARKET, 2013-2020 (USD MILLION)
      • Table FACTS INDUSTRIAL MARKET, BY COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS INDUSTRIAL MARKET, BY SHUNT COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS INDUSTRIAL MARKET, BY SERIES COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS INDUSTRIAL MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION)
      • STEEL
        • Table FACTS INDUSTRIAL STEEL MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION)
      • MINING
        • Table FACTS INDUSTRIAL MINING MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION)
    • OIL & GAS
      • Table FACTS OIL & GAS MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION)
      • Table FACTS OIL & GAS MARKET, BY COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS OIL & GAS MARKET, BY SHUNT COMPENSATION TYPE, 2013-2020 (USD MILLION)
      • Table FACTS OIL & GAS MARKET, BY SERIES COMPENSATION TYPE, 2013-2020 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table FACTS MARKET, BY REGION, 2013-2020 (USD MILLION)
    • THE AMERICAS
      • Table THE AMERICAS FACTS MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
      • Table THE AMERICAS FACTS MARKET, BY RENEWABLES, 2013-2020 (USD MILLION)
      • Table THE AMERICAS FACTS MARKET, BY INDUSTRIAL, 2013-2020 (USD MILLION)
      • Table THE AMERICAS FACTS MARKET, BY REGION, 2013-2020 (USD MILLION)
      • NORTH AMERICA
        • Table NORTH AMERICAN FACTS MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
      • SOUTH AMERICA
        • Table SOUTH AMERICAN FACTS MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
    • EUROPE
      • Table EUROPEAN FACTS MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
      • Table EUROPEAN FACTS MARKET, BY RENEWABLES, 2013-2020 (USD MILLION)
      • Table EUROPEAN FACTS MARKET, BY INDUSTRIAL, 2013-2020 (USD MILLION)
      • Table EUROPEAN FACTS MARKET, BY REGION, 2013-2020 (USD MILLION)
      • WESTERN EUROPE
        • Table WESTERN EUROPEAN FACTS MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
      • EASTERN EUROPE
        • Table EASTERN EUROPEAN FACTS MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
      • REST OF EUROPE
    • APAC
      • Table APAC FACTS MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
      • Table APAC FACTS MARKET, BY RENEWABLES, 2013-2020 (USD MILLION)
      • Table APAC FACTS MARKET, BY INDUSTRIAL, 2013-2020 (USD MILLION)
      • CHINA
      • INDIA
      • AUSTRALIA
      • REST OF APAC
        • Table APAC FACTS MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
    • REST OF THE WORLD
      • Table ROW FACTS MARKET, BY VERTICAL, 2013-2020 (USD MILLION)
      • Table ROW FACTS MARKET, BY RENEWABLES, 2013-2020 (USD MILLION)
      • Table ROW FACTS MARKET, BY INDUSTRIAL, 2013-2020 (USD MILLION)
      • MIDDLE EAST
        • Table ROW FACTS MARKET, BY REGION, 2013-2020 (USD MILLION)
      • SOUTH AFRICA
        • Table MIDDLE EAST FACTS MARKET, BY COUNTRY, 2013-2020 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING FOR FLEXIBLE AC TRANSMISSION SYSTEMS MARKET(FACTS)
    • COMPETITIVE SCENARIO
    • RECENT DEVELOPMENTS
      • JOINT VENTURE, AGREEMENT AND CONTRACTS
        • Table JOINT VENTURE, AGREEMENT AND CONTRACTS, 2013-2015
      • EXPANSION
        • Table EXPANSIONS, 2014-2015
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT DEVELOPMENT, 2013-2015
      • MERGERS & ACQUISITION
        • Table MERGERS & ACQUISITION, 2014
  • COMPANY PROFILES
    • INTRODUCTION
    • ABB LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MITSUBISHI ELECTRIC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GENERAL ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • EATON CORPORATION PLC
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ALSTOM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • AMERICAN ELECTRIC POWER
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • RECENT DEVELOPMENTS
    • HYOSUNG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • ADANI POWER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • NR ELECTRIC CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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