Dublin, Oct. 13, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/jvg5vp/flexible_ac) has announced the addition of the "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" report to their offering.
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 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.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Flexible Ac Transmission Market, By Compensation Type
8 Flexible Ac Transmission Market, By Component Type
9 Flexible Ac Transmission Market, By Application
10 Flexible Ac Transmission Market, By Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- ABB Ltd.
- Adani Power
- Alstom
- American Electric Power
- Eaton Corporation Plc
- General Electric
- Hyosung
- Mitsubishi Electric Corporation
- NR Electric Co., Ltd.
- Siemens AG
For more information visit http://www.researchandmarkets.com/research/jvg5vp/flexible_ac