The Flexible AC Transmission System (FACTS) Global Market Report 2023, provides comprehensive information on the flexible ac transmission system (FACTS) market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Flexible AC Transmission System (FACTS) Market’s Growth:
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As per The Business Research Company’s Flexible AC Transmission System (FACTS) Global Market Report 2023, the market size is expected to grow from $1.32 billion in 2022 to $1.39 billion in 2023 at a compound annual growth rate (CAGR) of 5.84%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global flexible AC transmission systems market size is expected to reach $1.77 billion in 2027 at a CAGR of 6.16%.
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Technological innovations are a key trend gaining popularity in the flexible AC transmission systems market. Companies operating in the flexible AC transmission systems market are adopting new technologies to sustain their position in the market. For instance, in September 2020, Siemens Energy AG, a German-based manufacturer of gas turbines, steam turbines, generators, and transformers, launched UPFC Plus (Unified Power Flow Controller), which is a combination of STATCOM (Static Synchronous Compensator) and Static Synchronous Series Compensator (SSSC) based on VSC (Voltage Source Converter) technology. The UPFC PLUS would assist system operators in grid stabilization by dynamically managing load flow in alternating-current grids. This also expands grid operators’ ability to respond quickly to shifting power demand to enable renewable energy integration while also ensuring grid resilience and stability.
The flexible ac transmission system (FACTS) market is segmented:
1) By Product: Static Synchronous Compensator (STATCOM), Static Var Compensator (SVC), Unified Power Flow Controllers (UPFC), Thyristor Controlled Series Compensator (TCSC)
2) By Compensation Type: Shunt Compensation, Series Compensation, Combined Series-Shunt Compensation
3) By Functionality: Voltage Control, Network Stabilization, Transmission Capacity
4) By Application: Utilities, Renewables, Industrial, Railways, Other Applications
Top Major Players:
Karmod Prefabricated Technologies
Rohe Homes Ltd
Spark Business Group Pty Ltd
Hebei Weizhengheng Modular House Technology Co
Brette Haus
North America was the largest region in the foldable house market in 2022.
The table of contents in TBRC’s flexible ac transmission system (FACTS) market report includes:
1. Executive Summary
2. Foldable Houses Market Characteristics
3. Foldable Houses Market Trends And Strategies
4. Foldable Houses Market – Macro Economic Scenario
5. Foldable Houses Market Size And Growth
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26. Africa Foldable Houses Market
27. Foldable Houses Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Foldable Houses Market
29. Foldable Houses Market Future Outlook and Potential Analysis
30. Appendix
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