Given the increasing adoption of various electrical components, the adoption graph of FACTS industry will continue to proliferate in the years to come. Transmissions are required to accommodate large weather-dependent shifts in production within widely dispersed sites of renewable energy generation, which are mostly linked to the main transmission grid. The growing requirement for premium and reliable transmission systems will thus drive the FACTS market.
Global warming will dramatically impact the demands pertaining to transmission systems whose architecture is inherited from an era of fossil fuel dominance. The industry will be characterized by a massive need to upgrade existing grid networks, particularly due to the increasing adoption of clean energy sources. The primary goal behind revamping grids is the flexibility to adapt to new technologies in the grid.
Browse key industry insights spread across 650 pages with 1296 market data tables & 25 figures & charts from the report, “Flexible AC Transmission Systems Market Size By Configuration (Series, Shunt, Combined), By Product (SVC, TCSC, STATCOM, UPFC), By Voltage (132 kV to 220 kV, > 220 kV to 660 kV, > 660 kV), By Application (Steady State {Congestion Management, ATC Improvement, Reactive Power & Voltage Control, Loading Margin Improvement, Power Flow Balancing & Control}, Dynamic {Transient Stability Enhancement, Oscillation Damping, Dynamic Voltage Control, SSR Elimination, Power System Interconnection), By End Use (Utilities, Renewables [Wind (Onshore, Offshore), Solar], Smart Grid, Railways, Metal & Mining Industries, Oil & Gas), Industry Analysis Report, Regional Analysis (U.S., Canada, Mexico, Germany, UK, Ireland, Norway, France, Spain, Sweden, China, India, Japan, South Korea, Indonesia, Malaysia, Vietnam, Saudi Arabia, Qatar, UAE, South Africa, Brazil, Argentina), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Improved system stability, lesser installation time and increase in transmission capacity are few essential parameters augmenting the installation of series FACTS market. Moreover, favorable consumer inclination toward the installation of these products to safeguard the system peripherals coupled with enhanced operational life of the electric network will further boost the industry dynamics.
The revenue graph of flexible AC transmission systems market is slated to remain rather exponential in the years to come, on account of the rising need for high-quality power across numerous applications. The demand for high-quality AC transmission of electric energy can be attributed to the need to improve controllability and enhance power transfer capability of the network. There are also several benefits to using flexible AC transmission systems such as increased quality of supply, increased stability as well as financial benefits.
The global flexible AC transmission systems industry is bound to receive considerable momentum from the paradigm shift observed in the power transmission industry. As per a research report by Global Market Insights, Inc., FACTS market size would exceed $2.5 billion by the end of 2025.
Prominent FACTS market players include BHEL, GE, ABB, Siemens, Mitsubishi Electric, NR Electric, Rongxin, Infineon, Hyosung, American Superconductor and Ingeteam.
Chapter 5 Flexible AC Transmission Systems Market, By Product
5.1 Global flexible AC transmission systems market share by product, 2018 & 2025
5.2 Static Var Compensator (SVC)
5.2.1 Global market from SVC, 2014 - 2025
5.2.2 Global market from SVC, by region, 2014 - 2025
5.3 Thyristor Controlled Series Capacitor (TCSC)
5.3.1 Global market from TCSC, 2014 - 2025
5.3.2 Global market from TCSC, by region, 2014 - 2025
5.4 Static Synchronous Compensator (STATCOM)
5.4.1 Global market from STATCOM, 2014 - 2025
5.4.2 Global market from STATCOM, by region, 2014 - 2025
5.5 Unified Power Flow Controller (UPFC)
5.5.1 Global market from UPFC, 2014 - 2025
5.5.2 Global market from UPFC, by region, 2014 - 2025
Methodology:
At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
• Definition and scope of research
• Market dynamics, growth drivers and industry pitfalls
• Regulatory and political guidelines for the industry
• Demographics and statistical data
All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.
Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:
• Leadership figures such as CEOs, CSOs, VPs etc. in key companies
• Supply-chain participants, distributors and domain experts
• Key customers and B2B clients
No comments:
Post a Comment