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SOURCE Research and Markets
DUBLIN, February 5, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/bzcxpv/flexible_ac) have announced the addition of the "Flexible AC Transmission System (FACTS) Market - Forecasts to 2018" report to their offering.
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The ever-growing demand of high-quality power supply in electric utilities and industrial applications has created a huge pressure on the existing power transmission lines. The incidences such as Northeast blackout (2003) in North America presented the crucial need of advance methods such as FACTS for voltage and power control in order to avoid further blackouts and power failures in the future. FACTS devices provide higher flexibility and increased power transfer capacity on a transmission line in order to facilitate stable and reliable power supply.
Flexible AC Transmission System is defined as a technology which consists of power electronics and other static components to increase controllability and power transfer ability of a network. The several research and technological developments in the field of power electronics extended the application areas of FACTS equipment and also offered numerous opportunities for optimum deployment of existing power systems with the employment of FACTS. Power & voltage control, power balancing control, load stability, transient stability, power oscillation damping are some of the major benefits offered by FACTS devices.
The global FACTS market revolves around following major verticals: compensation type, component, application, industry vertical and geography. Each of the vertical is further segmented into individual sub-segments. The compensation can be defined as a way in which FACTS devices are connected to the power system that is, in series, shunt or combined. In this report, we segmented the global FACTS market by three major compensation types: Shunt Compensation, Series Compensation and Combined shunt and series connected compensation. Shunt compensation holds the maximum market share in terms of market revenue, i.e. 77.41% and expected to grow at a CAGR of 7.11% from 2013 to 2018. The table shown below gives an overview of the global FACTS market by compensation types.
The major devices considered in the FACTS market include Static Synchronous Compensator (STATCOM) and Static VAR Compensator (SVC), Fixed Series Capacitors (FSC) and Thyristor-Controlled Series Capacitor (TCSC). SVC and STATCOM falls in the category of Shunt compensation devices and FSC and TCSC comes under series compensation devices. Among all devices, SVC stands for the maximum market share of more than 90% in the overall shunt compensation market in 2013. The global FACTS market is also segmented on the basis of components and applications. These sections will describe the qualitative aspects related to the global FACTS market. Besides that, the global FACTS market is also segmented by industry verticals (enduser applications). The industry vertical segment includes electric utilities, steel industry, mining and others. Electric utilities application accounts for the maximum share and it is expected to grow at a CAGR of 7.38% from 2013 to 2018.
Key Topics Covered:
Table Of Contents
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
For more information visit http://www.researchandmarkets.com/research/bzcxpv/flexible_ac
Media Contact: Laura Wood, +353-1-481-1716, firstname.lastname@example.org
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