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NEW YORK, United States, March 21, 2022 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Flexible AC Transmission Systems (FACTS) Market by Compensation Type (Series Compensation, Shunt Compensation, and Combined Compensation), Generation Type (First-Generation and Second-Generation), By Controller Type (SVC, STATCOM, UPFC, TCSC, and Others ), By Application (Industrial, Utilities, Railways, Renewables, and Others), By Region: Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Flexible AC Transmission Systems (FACTS) Market size & share was worth at around USD 1,281.04 Million in 2021 and is projected to reach a value of approximately USD 2,128.21 Million by the end of 2028, at a compound annual growth rate (CAGR) of about 8.5% during the forecast period 2022 to 2028. “
What is the Flexible AC Transmission Systems (FACTS) Industry? How big is the Flexible AC Transmission Systems (FACTS) Market?
- Market Overview:
A flexible alternating current transmission system (FACTS) is an electrical energy transmission system made up of static equipment. Its purpose is to improve the network’s controllability and power transmission capabilities. It’s usually a system based on power electronics. The power transfer capability of traditional AC transmission has been limited by numerous dynamic and static constraints such as voltage stability, transient stability, thermal limits, and so on. Because of these intrinsic power system limitations, current transmission sources have been underutilized.
Flexible AC Transmission Systems (FACTS) have a number of benefits over traditional grid transmission methods. FACTS has become the preferable alternative over fixed compensating equipment due to its cheap maintenance costs. Furthermore, traditional grid transmission methods have a sluggish reaction time, which reduces grid performance. As a result, demand for flexible AC transmission equipment is projected to rise. In the next years, the worldwide flexible ac transmission equipment market will be driven by increasing demand from industrial sectors, electric utilities, railroads, renewables, and the oil and gas industries. Furthermore, market participants are always inventing new applications, which will drive up demand for flexible AC transmission systems (FACTS).
Request a Free Sample PDF of this Research Report for more Insights with Table of Content, Research Methodology and Graphs – https://www.fnfresearch.com/sample/flexible-ac-transmission-systems-market
(A free sample of this report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 185+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Report Scope
| Report Attribute | Details |
| Market Size in 2021 | USD 1,281.04 Million |
| Projected Market Size in 2028 | USD 2,128.21 Million |
| CAGR Growth Rate |
Full story available on Benzinga.com
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