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Flexible AC Transmission Systems (FACTS) Market Analysis, Demand, Trends and Forecast 2029

Global Info Research’s report offers key insights into the recent developments in the global Flexible AC Transmission Systems (FACTS) market that would help strategic decisions. It also provides a complete analysis of the market size, share, and potential growth prospects. Additionally, an overview of recent major trends, technological advancements, and innovations within the market are also included.Our report further provides readers with comprehensive insights and actionable analysis on the market to help them make informed decisions. Furthermore, the research report includes qualitative and quantitative analysis of the market to facilitate a comprehensive market understanding.This Flexible AC Transmission Systems (FACTS) research report will help market players to gain an edge over their competitors and expand their presence in the market.
Published 04 January 2024

According to our (Global Info Research) latest study, the global Flexible AC Transmission Systems (FACTS) market size was valued at USD 1476.9 million in 2023 and is forecast to a readjusted size of USD 1996.7 million by 2030 with a CAGR of 4.4% during review period.


A flexible alternating current transmission system (FACTS) is a system composed of static equipment used for the AC transmission of electrical energy. It is meant to enhance controllability and increase power transfer capability of the network. It is generally a power electronics-based system.


FACTS is defined by the IEEE as "a power electronic based system and other static equipment that provide control of one or more AC transmission system parameters to enhance controllability and increase power transfer capability."

According to Siemens "FACTS Increase the reliability of AC grids and reduce power delivery costs. They improve transmission quality and efficiency of power transmission by supplying inductive or reactive power to the grid.


The leading manufactures mainly are ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC and Hyosung. ABB is the largest manufacturer; its revenue of global market exceeds 31%.


The Global Info Research report includes an overview of the development of the Flexible AC Transmission Systems (FACTS) industry chain, the market status of Metal Industry (Shunt Compensation, Series Compensation), Utilities (Shunt Compensation, Series Compensation), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Flexible AC Transmission Systems (FACTS).


Regionally, the report analyzes the Flexible AC Transmission Systems (FACTS) markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Flexible AC Transmission Systems (FACTS) market, with robust domestic demand, supportive policies, and a strong manufacturing base.

We have conducted an analysis of the following leading players/manufacturers in the Flexible AC Transmission Systems (FACTS) industry:

    ABB

    Siemens

    RXPE

    Sieyuan Electric

    Mitsubishi Electric

    GE

    Toshiba

    AMSC

    Hyosung

 

Sample Copy or Get this report at: 

https://www.globalinforesearch.com/reports/1651418/flexible-ac-transmission-systems--facts-

 

Report analysis:

The Flexible AC Transmission Systems (FACTS) report encompasses a diverse array of critical facets, comprising feasibility analysis, financial standing, merger and acquisition insights, detailed company profiles, and much more. It offers a comprehensive repository of data regarding marketing channels, raw material expenses, manufacturing facilities, and an exhaustive industry chain analysis. This treasure trove of information equips stakeholders with profound insights into the feasibility and fiscal sustainability of various facets within the market.


Illuminates the strategic maneuvers executed by companies, elucidates their corporate profiles, and unravels the intricate dynamics of the industry value chain. In sum, the Flexible AC Transmission Systems (FACTS) report delivers a comprehensive and holistic understanding of the markets multifaceted dynamics, empowering stakeholders with the knowledge they need to make informed decisions and navigate the market landscape effectively.

Conducts a simultaneous analysis of production capacity, market value, product categories, and diverse applications within the Flexible AC Transmission Systems (FACTS) market. It places a spotlight on prime regions while also performing a thorough examination of potential threats and opportunities, coupled with an all-encompassing SWOT analysis. This approach empowers stakeholders with insights into production capabilities, market worth, product diversity, and the markets application prospects.


Assesses strengths, weaknesses, opportunities, and threats, offering stakeholders a comprehensive understanding of the Flexible AC Transmission Systems (FACTS) markets landscape and the essential information needed to make well-informed decisions.


Market Size Estimation & Method Of Prediction

1. Estimation of historical data based on secondary and primary data.

2. Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

3. Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

4. Consideration of geography, region-specific product/service demand for region segments

5. Consideration of product utilization rates, product demand outlook for segments by application or end-user.

 

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About Us:

Global Info Research is a company that digs deep into Global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provide market information consulting services in the Global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.


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