Flexible AC Transmission Systems Industry

  • In conventional AC transmission system, the ability to transfer AC power is limited by several factors like thermal limits, transient stability limit, voltage limit, short circuit current limit. These limits define the maximum electric power which can be efficiently transmitted through the transmission line without causing any damage to the electrical equipment and the transmission lines.

  • Growing digitalization of infrastructures mainly driven by smart city implementations are positively impacting the flexible AC transmission systems market in the recent times. Higher initial investments associated with the setting up of digital technologies in the utilities sector coupled with period maintenance poses certain challenges on the smooth growth of flexible AC transmission systems market. Further, rising emphasis laid down by the environmental bodies on renewable energy projects are anticipated to provide good opportunity platforms to the players operating in the flexible AC transmission systems market.

  • Global Flexible AC Transmission Systems (FACTS) Market Report is the new offering at ‘The Market Reports’ which covers key company profile, their market share and other key details. Along with this it also provide data segmentation by types, application and by geographical coverage.

  • The worldwide market for Flexible AC Transmission Systems (FACTS) is expected to grow at a CAGR of roughly 5.4% over the next five years, will reach 1590 million US$ in 2024, from 1160 million US$ in 2019.