Dublin, Oct. 18, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/jm5tc7/flexible_ac) has announced the addition of the "Flexible AC Transmission System (FACTS) Market by Compensation (Shunt, Series, Combined), Component (Thyristors, Capacitor Banks, Reactors), Application, Industry Vertical (Electric Utilities, Steel, Mining), Global Forecast & Analysis (2013 - 2018)" report to their offering.
The Overall FACTS Market Is Projected To Reach $1,386.01 Million By 2018 From The $912.85 Million That It Accounted For In 2012, At A CAGR Of 7.23% From 2013 To 2018.
The ever increasing requirement of high power supply quality and high network reliability for applications such as electric utilities, steel industry and mining is expected to drive the global demand of FACTS devices from 2013 to 2018. In addition, the upgrade and replacement of power infrastructure in developed economies such as Americas and Europe, and the power capacity addition in developing regions such as APAC and ROW are also expected to play a crucial role in the growth of FACTS market.
The global Flexible AC Transmission System market can be majorly divided into three compensation types, namely shunt, series, combined series, and shunt connected. Shunt compensation consists of two devices: Static Var Compensator (SVC) and Static Synchronous Compensator (STATCOM); Series compensation is made up of Fixed Series Capacitor (FSC) and Thyristor Controlled Series Capacitor (TCSC); and combined series and shunt connected compensation consists of Unified Power Flow Controller (UPFC) and Interline Power Flow controller (IPFC).
This report also focuses on the components used in FACTS devices, such as power electronic devices, thyristors, reactors, capacitor banks, switchgear, protection and control systems,and so on. Steady state applications and dynamic applications of Flexible AC Transmission System devices such as voltage control, power flow balancing, transient stability, voltage stability, power oscillations damping, and sub synchronous resonance mitigation are also discussed in the report.
The Flexible AC Transmission System market is also analyzed on the basis of end user applications that include electric utilities, steel industry, mining, and others (wind power, railways). The global market by geography is segmented by various geographic regions such as Americas, Europe, APAC and ROW. The regional market has also been segmented by different countries. Each of the mentioned regions is further segmented by compensation type and industry verticals. Apart from market segmentation, the report also includes the cost and performance analysis of various FACTS devices such as SVC, STATCOM, FSC, and TCSC.
In this report, the in-depth analysis of global market by enveloping all major market segments with complete qualitative analysis at each and every aspect,is given, for the forecast period from 2013 to 2018. This report also examines the market dynamics of FACTS market through five headings: drivers, restraints, opportunities, burning issues and winning imperatives. The detailed Porter's five force analysis for the global market is also given in the report,which gives the understanding of all the contributing factors that affect the market; and their impact on its growth.
The company profiles' of all the major players in the Flexible AC Transmission System market are added in the report to give a broader picture of the competition scenario in this market. The report also includes a competitive landscape segment that covers all key growth strategies of major players in the market such as ABB, Alstom, Siemens, Mitsubishi Electric, General Electric, American Superconductor Corporation, and Toshiba among many others. The Competitive landscape includes market share analysis, mergers and acquisitions, partnerships, new product developments, and the key growth strategies of each player.
Key Topics Covered
2 Executive Summary
3 Cover Story: Electranix Corporation
4 Market Overview
5 Market By Compensation Type
6 Market By Component
7 Market By Application
8 Market By Industry Verticals
9 Market By Geography
10 Competitive Landscape
11 Company Profiles
- Adani Power
- Alstom Sa
- American Electric Power
- American Superconductor Corporation
- Beta Engineering
- Crompton Greaves
- Eaton Corporation
- Electranix Corporation
- General Electric
- Hyosung Power & Industrial Systems
- Mitsubishi Electric Power Products
- Quanta Technology
- Rongxin Power Electronic
- Rtds Technologies
- S&C Electric Company
- Schneider Electric
- Siemens Energy
- Sieyuan Electric
- Toshiba Transmission & Distribution Systems Asia
- Transgrid Solutions
- Trench Group
- Xian Electric Engineering
For more information visit http://www.researchandmarkets.com/research/jm5tc7/flexible_ac
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Source:Research and Markets