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FACTS (フレキシブル交流送電システム) の世界市場 2024年までの予測:補償方式 (シャント、直列、複合)・世代・産業・構成要素・用途・機能・地域別

Flexible AC Transmission Systems (FACTS) Market by Compensation Type (Shunt, Series, and Combined), Generation Type (First Generation and Second Generation), Vertical, Component, Application, Functionality, Geography - Global Forecast to 2024

発行 MarketsandMarkets 商品コード 279493
出版日 ページ情報 英文 137 Pages
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FACTS (フレキシブル交流送電システム) の世界市場 2024年までの予測:補償方式 (シャント、直列、複合)・世代・産業・構成要素・用途・機能・地域別 Flexible AC Transmission Systems (FACTS) Market by Compensation Type (Shunt, Series, and Combined), Generation Type (First Generation and Second Generation), Vertical, Component, Application, Functionality, Geography - Global Forecast to 2024
出版日: 2019年11月20日 ページ情報: 英文 137 Pages
概要

世界のフレキシブル交流送電システム (FACTS) 市場は、2019年には12億米ドル、2024年には17億米ドルと、6.0%のCAGR (複合年間成長率) で成長する見通しです。市場成長の主な要因として、FACTSがもたらす利点の増加や、送電線の延長、再生可能エネルギー発電への関心増大などが挙げられます。補償方式別ではシャント補償が、地域別ではアジア太平洋地域が最大のシェアを占めています。

当レポートでは、世界のFACTS (フレキシブル交流送電システム) の市場について分析し、市場の基本構造や最新情勢、主な市場促進・阻害要因、市場動向の見通し (過去3年間・今後6年間分)、機能別・構成要素別・補償方式別・用途別・世代別・産業別・地域別の詳細動向、市場競争の状態、主要企業のプロファイルなどを調査しております。

第1章 イントロダクション

第2章 分析手法

第3章 エグゼクティブサマリー

第4章 重要考察

第5章 市場概要

  • イントロダクション
  • 市場のダイナミクス
    • 促進要因
      • FACTSがもたらす利点の増大
      • 送電線の延長
      • 発電用再生可能エネルギーの利用増加
      • 電圧制御用のSTATCOM装置の利用増加
    • 抑制要因
      • 多額の設置費用
    • 市場機会
      • 送電網への投資増大
      • アジア太平洋地域での潜在的な市場機会
    • 課題
      • FACTSの規模/通信の限界
  • バリューチェーン分析

第6章 FACTS (フレキシブル交流送電システム) の機能

  • イントロダクション
  • 電圧制御
  • ネットワーク (電力網) 安定化
  • 送電容量
  • 高調波抑制

第7章 FACTS (フレキシブル交流送電システム) の構成要素

  • イントロダクション
  • 電力網安定化
    • コンデンサバンク
    • サイリスタ
    • リアクタ
  • 位相変圧器 (PST)
  • 防護・制御システム

第8章 FACTS (フレキシブル交流送電システム) 市場:補償方式別

  • イントロダクション
  • シャント補償
    • SVC (静止型無効電力補償装置)
    • STATCOM (静的同期補償装置)
  • 直列補償
    • 固定直列コンデンサ
    • サイリスタ直列コンデンサ
  • 複合補償

第9章 FACTS (フレキシブル交流送電システム) 市場:用途別

  • イントロダクション
  • 電圧制御
  • 電力制御

第10章 FACTS (フレキシブル交流送電システム) 市場:世代別

  • イントロダクション
  • 第1世代
  • 第2世代

第11章 FACTS (フレキシブル交流送電システム) 市場:産業別

  • イントロダクション
  • ユーティリティ (電力事業)
  • 再生可能エネルギー
  • 各種工業
  • 鉄道

第12章 地域別分析

  • イントロダクション
  • 南北アメリカ
    • 北米 (米国など)
    • 南米 (ブラジルなど)
  • 欧州 (英国、ドイツ、フランスなど)
  • アジア太平洋地域 (中国、インド、韓国など)
  • 他の国々 (RoW:中東、アフリカ)

第13章 競争環境

  • 概要
  • 主要企業のランキング分析:FACTS市場
  • 競争状況と動向
    • 製品開発
    • 合意
    • 事業協力
    • 契約
    • 資産売却
    • 事業拡張
    • 事業提携
    • 企業買収
  • 企業戦略の方向性:マッピング
    • 先駆的企業
    • 活動的企業
    • 革新的企業
    • 新規企業

第14章 企業プロファイル

  • 主要企業
    • ABB
    • RONGXIN POWER ENGINEERING LTD (RXPE)
    • GENERAL ELECTRIC (GE)
    • SIEMENS
    • 三菱電機
    • AMERICAN SUPERCONDUCTOR
    • INFINEON
    • NR ELECTRIC
    • HYOSUNG HEAVY INDUSTRIES
    • INGETEAM POWER TECHNOLOGY
  • 市場開拓・掌握の方法:主要企業の場合
  • その他の企業
    • BHARAT HEAVY ELECTRICALS LIMITED (BHEL)
    • QUANTA TECHNOLOGY
    • COMSYS
    • MERUS POWER DYNAMICS OY
    • SIEYUAN ELECTRIC CO., LTD.
    • SIGNATORY PVT. LTD.
    • JEMA ENERGY SA
    • FREQCON GMBH
    • CLARIANT POWER SYSTEM LIMITED
    • BEIJING POWER EQUIPMENT GROUP CO LTD (BPEG)

第15章 付録

図表

LIST OF TABLES

  • TABLE 1: FACTS MARKET, BY COMPENSATION TYPE, 2016-2024 (USD MILLION)
  • TABLE 2: FACTS MARKET, BY SHUNT COMPENSATION TYPE, 2016-2024 (USD MILLION)
  • TABLE 3: FACTS MARKET FOR SHUNT COMPENSATION, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 4: FACTS MARKET FOR SHUNT COMPENSATION IN AMERICAS, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 5: FACTS MARKET FOR SVC SHUNT COMPENSATION, BY REGION, 2016-2024 (USD THOUSAND)
  • TABLE 6: FACTS MARKET FOR SVC SHUNT COMPENSATION IN AMERICAS, BY REGION, 2016-2024 (USD THOUSAND)
  • TABLE 7: FACTS MARKET FOR STATCOM SHUNT COMPENSATION, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 8: FACTS MARKET FOR STATCOM SHUNT COMPENSATION IN AMERICAS, BY REGION, 2016-2024 (USD THOUSAND)
  • TABLE 9: FACTS MARKET FOR SERIES COMPENSATION, BY REGION, 2016-2024 (USD THOUSAND)
  • TABLE 10: FACTS MARKET FOR SERIES COMPENSATION IN AMERICAS, BY REGION, 2016-2024 (USD THOUSAND)
  • TABLE 11: FACTS MARKET FOR COMBINED COMPENSATION, BY REGION, 2016-2024 (USD THOUSAND)
  • TABLE 12: FACTS MARKET FOR COMBINED COMPENSATION IN AMERICAS, BY REGION, 2016-2024 (USD THOUSAND)
  • TABLE 13: FACTS MARKET, BY APPLICATION, 2016-2024 (USD MILLION)
  • TABLE 14: FACTS MARKET FOR VOLTAGE CONTROL, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 15: FACTS MARKET FOR VOLTAGE CONTROL IN AMERICAS, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 16: FACTS MARKET FOR POWER CONTROL, BY REGION, 2016-2024 (USD THOUSAND)
  • TABLE 17: FACTS MARKET FOR POWER CONTROL IN AMERICAS, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 18: FACTS MARKET, BY GENERATION TYPE, 2016-2024 (USD MILLION)
  • TABLE 19: FACTS MARKET FOR FIRST GENERATION TYPE, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 20: FACTS MARKET FOR FIRST GENERATION TYPE IN AMERICAS, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 21: FACTS MARKET FOR SECOND GENERATION TYPE, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 22: FACTS MARKET FOR SECOND GENERATION TYPE IN AMERICAS, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 23: FACTS MARKET, BY VERTICAL, 2016-2024 (USD MILLION)
  • TABLE 24: FACTS MARKET FOR UTILITIES, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 25: FACTS MARKET FOR UTILITIES IN AMERICAS, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 26: FACTS MARKET FOR RENEWABLES, BY REGION, 2016-2024 (USD THOUSAND)
  • TABLE 27: FACTS MARKET FOR RENEWABLES IN AMERICAS, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 28: FACTS MARKET FOR INDUSTRIAL, BY REGION, 2016-2024 (USD THOUSAND)
  • TABLE 29: FACTS MARKET FOR INDUSTRIAL IN AMERICAS, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 30: FACTS MARKET FOR RAILWAYS, BY REGION, 2016-2024 (USD THOUSAND)
  • TABLE 31: FACTS MARKET FOR RAILWAYS IN AMERICAS, BY REGION, 2016-2024 (USD THOUSAND)
  • TABLE 32: FACTS MARKET, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 33: FACTS MARKET IN AMERICAS, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 34: FACTS MARKET IN AMERICAS, BY COMPENSATION TYPE, 2016-2024 (USD THOUSAND)
  • TABLE 35: FACTS MARKET IN AMERICAS, BY SHUNT COMPENSATION, 2016-2024 (USD MILLION)
  • TABLE 36: FACTS MARKET IN AMERICAS, BY GENERATION TYPE, 2016-2024 (USD MILLION)
  • TABLE 37: FACTS MARKET IN AMERICAS, BY VERTICAL, 2016-2024 (USD THOUSAND)
  • TABLE 38: FACTS MARKET IN AMERICAS, BY APPLICATION, 2016-2024 (USD MILLION)
  • TABLE 39: FACTS MARKET IN NORTH AMERICA, BY COUNTRY, 2016-2024 (USD MILLION)
  • TABLE 40: FACTS MARKET IN NORTH AMERICA, BY COMPENSATION TYPE, 2016-2024 (USD THOUSAND)
  • TABLE 41: FACTS MARKET IN NORTH AMERICA, BY SHUNT COMPENSATION, 2016-2024 (USD MILLION)
  • TABLE 42: FACTS MARKET IN NORTH AMERICA, BY GENERATION TYPE, 2016-2024 (USD MILLION)
  • TABLE 43: FACTS MARKET IN NORTH AMERICA, BY VERTICAL, 2016-2024 (USD THOUSAND)
  • TABLE 44: FACTS MARKET IN NORTH AMERICA, BY APPLICATION, 2016-2024 (USD MILLION)
  • TABLE 45: FACTS MARKET IN US, BY SHUNT COMPENSATION, 2016-2024 (USD THOUSAND)
  • TABLE 46: FACTS MARKET IN US, BY APPLICATION, 2016-2024 (USD THOUSAND)
  • TABLE 47: FACTS MARKET IN REST OF NORTH AMERICA, BY SHUNT COMPENSATION, 2016-2024 (USD THOUSAND)
  • TABLE 48: FACTS MARKET IN REST OF NORTH AMERICA, BY APPLICATION, 2016-2024 (USD THOUSAND)
  • TABLE 49: FACTS MARKET IN SOUTH AMERICA, BY COUNTRY, 2016-2024 (USD MILLION)
  • TABLE 50: FACTS MARKET IN SOUTH AMERICA, BY COMPENSATION TYPE, 2016-2024 (USD THOUSAND)
  • TABLE 51: FACTS MARKET IN SOUTH AMERICA, BY SHUNT COMPENSATION, 2016-2024 (USD MILLION)
  • TABLE 52: FACTS MARKET IN SOUTH AMERICA, BY GENERATION TYPE, 2016-2024 (USD MILLION)
  • TABLE 53: FACTS MARKET IN SOUTH AMERICA, BY VERTICAL, 2016-2024 (USD THOUSAND)
  • TABLE 54: FACTS MARKET IN SOUTH AMERICA, BY APPLICATION, 2016-2024 (USD MILLION)
  • TABLE 55: FACTS MARKET IN BRAZIL, BY SHUNT COMPENSATION, 2016-2024 (USD MILLION)
  • TABLE 56: FACTS MARKET IN BRAZIL, BY APPLICATION, 2016-2024 (USD MILLION)
  • TABLE 57: FACTS MARKET IN REST OF SOUTH AMERICA, BY SHUNT COMPENSATION, 2016-2024 (USD THOUSAND)
  • TABLE 58: FACTS MARKET IN REST OF SOUTH AMERICA, BY APPLICATION, 2016-2024 (USD THOUSAND)
  • TABLE 59: FACTS MARKET IN EUROPE, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 60: FACTS MARKET IN EUROPE, BY COMPENSATION TYPE, 2016-2024 (USD THOUSAND)
  • TABLE 61: FACTS MARKET IN EUROPE, BY SHUNT COMPENSATION, 2016-2024 (USD MILLION)
  • TABLE 62: FACTS MARKET IN EUROPE, BY GENERATION TYPE, 2016-2024 (USD MILLION)
  • TABLE 63: FACTS MARKET IN EUROPE, BY VERTICAL, 2016-2024 (USD THOUSAND)
  • TABLE 64: FACTS MARKET IN EUROPE, BY APPLICATION, 2016-2024 (USD MILLION)
  • TABLE 65: FACTS MARKET IN UK, BY SHUNT COMPENSATION, 2016-2024 (USD THOUSAND)
  • TABLE 66: FACTS MARKET IN UK, BY APPLICATION, 2016-2024 (USD THOUSAND)
  • TABLE 67: FACTS MARKET IN GERMANY, BY SHUNT COMPENSATION, 2016-2024 (USD MILLION)
  • TABLE 68: FACTS MARKET IN GERMANY, BY APPLICATION, 2016-2024 (USD MILLION)
  • TABLE 69: FACTS MARKET IN FRANCE, BY SHUNT COMPENSATION, 2016-2024 (USD THOUSAND)
  • TABLE 70: FACTS MARKET IN FRANCE, BY APPLICATION, 2016-2024 (USD THOUSAND)
  • TABLE 71: FACTS MARKET IN REST OF EUROPE, BY SHUNT COMPENSATION, 2016-2024 (USD MILLION)
  • TABLE 72: FACTS MARKET IN REST OF EUROPE, BY APPLICATION, 2016-2024 (USD MILLION)
  • TABLE 73: FACTS MARKET IN APAC, BY COUNTRY, 2016-2024 (USD MILLION)
  • TABLE 74: FACTS MARKET IN APAC, BY COMPENSATION TYPE, 2016-2024 (USD MILLION)
  • TABLE 75: FACTS MARKET IN APAC, BY SHUNT COMPENSATION, 2016-2024 (USD MILLION)
  • TABLE 76: FACTS MARKET IN APAC, BY GENERATION TYPE, 2016-2024 (USD MILLION)
  • TABLE 77: FACTS MARKET IN APAC, BY VERTICAL, 2016-2024 (USD MILLION)
  • TABLE 78: FACTS MARKET IN APAC, BY APPLICATION, 2016-2024 (USD MILLION)
  • TABLE 79: FACTS MARKET IN CHINA, BY SHUNT COMPENSATION, 2016-2024 (USD MILLION)
  • TABLE 80: FACTS MARKET IN CHINA, BY APPLICATION, 2016-2024 (USD MILLION)
  • TABLE 81: FACTS MARKET IN INDIA, BY SHUNT COMPENSATION, 2016-2024 (USD THOUSAND)
  • TABLE 82: FACTS MARKET IN INDIA, BY APPLICATION, 2016-2024 (USD THOUSAND)
  • TABLE 83: FACTS MARKET IN SOUTH KOREA, BY SHUNT COMPENSATION, 2016-2024 (USD THOUSAND)
  • TABLE 84: FACTS MARKET IN SOUTH KOREA, BY APPLICATION, 2016-2024 (USD THOUSAND)
  • TABLE 85: FACTS MARKET IN REST OF APAC, BY SHUNT COMPENSATION, 2016-2024 (USD THOUSAND)
  • TABLE 86: FACTS MARKET IN REST OF APAC, BY APPLICATION, 2016-2024 (USD MILLION)
  • TABLE 87: FACTS MARKET IN ROW, BY REGION, 2016-2024 (USD MILLION)
  • TABLE 88: FACTS MARKET IN ROW, BY COMPENSATION TYPE, 2016-2024 (USD THOUSAND)
  • TABLE 89: FACTS MARKET IN ROW, BY SHUNT COMPENSATION, 2016-2024 (USD THOUSAND)
  • TABLE 90: FACTS MARKET IN ROW, BY GENERATION TYPE, 2016-2024 (USD MILLION)
  • TABLE 91: FACTS MARKET IN ROW, BY VERTICAL, 2016-2024 (USD THOUSAND)
  • TABLE 92: FACTS MARKET IN ROW, BY APPLICATION, 2016-2024 (USD THOUSAND)
  • TABLE 93: FACTS MARKET IN MIDDLE EAST, BY SHUNT COMPENSATION, 2016-2024 (USD THOUSAND)
  • TABLE 94: FACTS MARKET IN MIDDLE EAST, BY APPLICATION, 2016-2024 (USD THOUSAND)
  • TABLE 95: FACTS MARKET IN AFRICA, BY SHUNT COMPENSATION, 2016-2024 (USD THOUSAND)
  • TABLE 96: FACTS MARKET IN AFRICA, BY APPLICATION, 2016-2024 (USD THOUSAND)
  • TABLE 97: FLEXIBLE AC TRANSMISSION SYSTEM MARKET: RANKING OF KEY COMPANIES
  • TABLE 98: PRODUCT DEVELOPMENTS, 2016-2019
  • TABLE 99: AGREEMENTS, 2018-2019
  • TABLE 100: COLLABORATION, 2018-2019
  • TABLE 101: CONTRACTS, 2016-2019
  • TABLE 102: DIVESTMENT, 2018-2019
  • TABLE 103: EXPANSION, 2018-2019
  • TABLE 104: PARTNERSHIP, 2018-2019
  • TABLE 105: ACQUISITION, 2018-2019

LIST OF FIGURES

  • FIGURE 1: MARKET SEGMENTATION
  • FIGURE 2: FACTS MARKET: RESEARCH DESIGN
  • FIGURE 3: MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE OF MARKET PLAYERS
  • FIGURE 4: MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIZE) - BOTTOM UP MARKET ESTIMATION FOR FACTS, BY COMPENSATION TYPE
  • FIGURE 5: MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 6: MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 7: DATA TRIANGULATION METHODOLOGY
  • FIGURE 8: SHUNT COMPENSATION TO DOMINATE FACTS MARKET, BY COMPENSATION TYPE, FROM 2019 TO 2024
  • FIGURE 9: STATCOM TO DOMINATE FACTS MARKET, BY SHUNT COMPENSATION, DURING FORECAST PERIOD
  • FIGURE 10: SECOND GENERATION TO CONTINUE TO CAPTURE LARGER MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 11: UTILITIES VERTICAL HELD LARGEST MARKET SHARE IN 2019
  • FIGURE 12: EUROPE ACCOUNTED FOR LARGEST SHARE OF FACTS MARKET IN 2018
  • FIGURE 13: INCREASING DEMAND FOR POWER AND VOLTAGE CONTROL SOLUTIONS DRIVES FACTS MARKET
  • FIGURE 14: VOLTAGE CONTROL TO DOMINATE FACTS MARKET DURING FORECAST PERIOD
  • FIGURE 15: UTILITIES AND CHINA TO ACCOUNT FOR LARGEST SHARES OF FACTS MARKET IN APAC BY 2024
  • FIGURE 16: SHUNT COMPENSATION TO WITNESS HIGHEST CAGR OF EUROPEAN FACTS MARKET FROM 2019 TO 2024
  • FIGURE 17: APAC TO WITNESS HIGHEST CAGR IN FACTS MARKET DURING FORECAST PERIOD
  • FIGURE 18: FACTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 19: IMPACT ANALYSIS: DRIVERS
  • FIGURE 20: TRANSMISSION INVESTMENT - USD BILLION (2016-2018)
  • FIGURE 21: VALUE CHAIN ANALYSIS: FACTS MARKET
  • FIGURE 22: FACTS MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 23: AMERICAS: SNAPSHOT OF FACTS MARKET
  • FIGURE 24: EUROPE: SNAPSHOT OF FACTS MARKET
  • FIGURE 25: APAC: SNAPSHOT OF FACTS MARKET
  • FIGURE 26: PRODUCT DEVELOPMENTS KEY GROWTH STRATEGY FROM 2016 TO 2019
  • FIGURE 27: FLEXIBLE AC TRANSMISSION SYSTEM MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2018
  • FIGURE 28: ABB: COMPANY SNAPSHOT
  • FIGURE 29: GENERAL ELECTRIC: COMPANY SNAPSHOT
  • FIGURE 30: SIEMENS: COMPANY SNAPSHOT
  • FIGURE 31: MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
  • FIGURE 32: AMERICAN SUPERCONDUCTOR: COMPANY SNAPSHOT
  • FIGURE 33: INFINEON: COMPANY SNAPSHOT
目次
Product Code: SE 2099

"FACTS market to grow at CAGR of 6.0% from 2019 to 2024"

The global flexible AC transmission systems (FACTS) market size is projected to reach USD 1.7 billion by 2024 from USD 1.2 billion in 2019, at a CAGR of 6.0%. Major drivers for the market's growth are increasing benefits offered by FACTS, growth in transmission line, rising focus on energy generation using renewable sources, and surging demand for STATCOM devices for voltage control. Further, rising investment in transmission networks and potential opportunities in APAC are the opportunities for FACTS manufacturers. The major restraint for the market is high installation costs. Size and communication limitations in FACTS pose a major challenge to this market.

Shunt compensation type to hold largest share of FACTS market during forecast period

In shunt compensation, FACTS are connected in parallel with the power system transmission line. Shunt compensation is actively used in power transmission and distribution networks to reduce power losses and voltage drops. Moreover, shunt compensation is used for various applications such as voltage stabilization, dynamic reactive power control, increased transmission capacity, power oscillation damping, higher transient stability, system voltage balance maintenance, reduced transmission losses, and voltage control. Low installation cost, when compared with other systems, and improved efficiency along with higher ratings across distribution circuits are a few factors that are expected to increase the demand for shunt systems.

Among all vertical, utilities to hold largest share of FACTS market from 2019 to 2024

FACTS is used in electric utilities for the generation, transmission, and distribution of electricity. The applications of FACTS in electrical utilities include voltage control, network stabilization, power oscillation damping, and power flow control, as well as help in increasing the transmission capacity. FACTS devices also provide an economical and efficient solution to ease the pressure on existing transmission lines and save high investment costs required for building new network extensions. This is expected to increase the demand for FACTS in utilities. Companies such as ABB, GE, and Siemens provide FACTS devices for the electric utilities market because of growing demands for the generation of electricity.

APAC to hold largest share of FACTS market during forecast period

APAC is the fastest-developing region for most verticals, such as utilities, railways, and industrial. The market in APAC is segmented into China, India, South Korea, and the Rest of APAC. The region has emerged as a global focal point for large investments and business expansion opportunities. The region represents the fastest-growing market worldwide, and the market in this region is expected to grow at the highest CAGR during the forecast period. Growing transmission investment in APAC countries results in the increasing number of substations and transmission lines, which propelled the demand for voltage stability and power flow control solution increased. Moreover, APAC is home to a few key FACTS manufacturers-such as Rongxin, which installed more than 800 STATCOM, and Hyosung. These factors are expected to drive the market for FACTS in this region during the forecast period.

Breakdown of primary participants' profile:

  • By Company Type: Tier 1 = 50%, Tier 2 = 30%, and Tier 3 = 20%
  • By Designation: C-Level Executives = 35%, Directors = 30%, and Others = 35%
  • By Region: Americas = 40%, Europe = 25%, APAC = 20%, and RoW = 15%

ABB (ABB, Switzerland), General Electric Company (GE, US), Siemens AG (Siemens, Germany), Mitsubishi Electric Corporation (Mitsubishi Electric, Japan), Infineon Technologies AG (Infineon, Germany), American Superconductor (AMSC, US), NR Electric Co., Ltd. (NR Electric, China), Hyosung Heavy Industries (Hyosung, South Korea), and Rongxin Power Ltd. (RXPE, UK) are a few major players in the FACTS market.

Research Coverage:

Compensation type, functions, components, generation type, application, vertical, and geography are the segments covered in this report. The report gives a detailed view of the market across 4 main regions: Americas, Europe, APAC, and RoW.

Reasons to Buy the Report:

  • This report includes statistics pertaining to the FACTS market in terms of compensation type, functions, components, generation type, application, vertical and geography, along with their respective market sizes.
  • Major drivers, restraints, opportunities, and challenges for the FACTS market have been provided in detail in this report.
  • The report includes illustrative segmentation, analysis, and forecast for the FACTS market based on its segments and subsegments.

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 DEFINITION AND SCOPE
    • 1.2.1 INCLUSIONS AND EXCLUSIONS
  • 1.3 STUDY SCOPE
    • 1.3.1 MARKETS COVERED
    • 1.3.2 YEARS CONSIDERED
  • 1.4 CURRENCY
  • 1.5 STAKEHOLDERS

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • 2.1.1 SECONDARY DATA
      • 2.1.1.1 Key data from secondary sources
    • 2.1.2 PRIMARY DATA
      • 2.1.2.1 Breakdown of primaries
      • 2.1.2.2 Key data from primary sources
    • 2.1.3 SECONDARY AND PRIMARY RESEARCH
  • 2.2 MARKET SIZE ESTIMATION
    • 2.2.1 BOTTOM-UP APPROACH
      • 2.2.1.1 Approach used to arrive at market share by bottom-up analysis (demand side)
      • 2.2.1.2 Approach for capturing company-specific information in FACTS value chain
    • 2.2.2 TOP-DOWN APPROACH
      • 2.2.2.1 Approach used to arrive at market share by top-down analysis (supply side)
  • 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
  • 2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHT

  • 4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN FACTS MARKET
  • 4.2 FACTS MARKET, BY APPLICATION
  • 4.3 FACTS MARKET IN APAC, BY VERTICAL AND COUNTRY
  • 4.4 FACTS MARKET IN EUROPE, BY COMPENSATION TYPE
  • 4.5 FACTS MARKET, BY REGION

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • 5.2.1 DRIVERS
      • 5.2.1.1 Increasing benefits offered by FACTS
      • 5.2.1.2 Growth in transmission line
      • 5.2.1.3 Growing utilization of renewable energy into power grids
      • 5.2.1.4 Rising demand for STATCOM devices for voltage control
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 High installation cost
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Rising investments in transmission network
      • 5.2.3.2 Potential opportunities in APAC
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Size and communication limitations in FACTS
  • 5.3 VALUE CHAIN ANALYSIS

6 FUNCTIONS OF FLEXIBLE AC TRANSMISSION SYSTEM

  • 6.1 INTRODUCTION
  • 6.2 VOLTAGE CONTROL
    • 6.2.1 DEVICES SUCH AS STATCOM AND SVC ARE USED FOR VOLTAGE CONTROL
  • 6.3 NETWORK STABILIZATION
    • 6.3.1 SHUNT AND SERIES COMPENSATION ARE USED FOR NETWORK STABILIZATION
  • 6.4 TRANSMISSION CAPACITY
    • 6.4.1 SERIES COMPENSATION IS A COST EFFECTIVE WAY TO INCREASE TRANSMISSION CAPACITY
  • 6.5 HARMONIC SUPPRESSION
    • 6.5.1 SVC AND STATCOM ARE USED FOR HARMONIC SUPPRESSION

7 COMPONENTS OF FLEXIBLE AC TRANSMISSION SYSTEM

  • 7.1 INTRODUCTION
  • 7.2 POWER ELECTRONIC DEVICES
    • 7.2.1 CAPACITOR BANKS
      • 7.2.1.1 Capacitor banks are used to increase power transmission capability
    • 7.2.2 THYRISTORS
      • 7.2.2.1 Thyristors are used to deliver high power in FACTS devices
    • 7.2.3 REACTORS
      • 7.2.3.1 Reactors are used to limit the effects of overvoltage in transmission line
  • 7.3 PHASE SHIFTING TRANSFORMERS
    • 7.3.1 PHASE SHIFTING TRANSFORMERS ARE USED TO CHANGE EFFECTIVE PHASE DISPLACEMENT BETWEEN INPUT VOLTAGE AND OUTPUT VOLTAGE OF TRANSMISSION LINE
  • 7.4 PROTECTION AND CONTROL SYSTEMS
    • 7.4.1 PROTECTION AND CONTROL SYSTEMS ARE USED TO ENSURE PROPER NETWORK RELIABILITY

8 FLEXIBLE AC TRANSMISSION SYSTEM MARKET, BY COMPENSATION TYPE

  • 8.1 INTRODUCTION
  • 8.2 SHUNT COMPENSATION
    • 8.2.1 STATIC VAR COMPENSATION (SVC)
      • 8.2.1.1 Need for line voltage control is likely to increase the demand for static VAR compensation
    • 8.2.2 STATIC COMPENSATOR (STATCOM)
      • 8.2.2.1 APAC to witness highest growth for static compensator (STATCOM)
  • 8.3 SERIES COMPENSATION
    • 8.3.1 FIXED SERIES CAPACITOR
      • 8.3.1.1 Need for minimum voltage profile to increase demand for fixed series capacitor
    • 8.3.2 THYRISTOR SERIES CAPACITOR
      • 8.3.2.1 Need for more power transfer capability over existing transmission networks boosting demand for thyristor series capacitors
  • 8.4 COMBINED COMPENSATION
    • 8.4.1 APAC WAS LARGEST SHARE HOLDER FOR COMBINED COMPENSATION IN 2018

9 FLEXIBLE AC TRANSMISSION SYSTEM MARKET, BY APPLICATION

  • 9.1 INTRODUCTION
  • 9.2 VOLTAGE CONTROL
    • 9.2.1 VOLTAGE CONTROL DOMINATED FACTS MARKET, IN TERMS OF SIZE, IN 2018
  • 9.3 POWER CONTROL
    • 9.3.1 EUROPE HELD LARGEST MARKET FOR POWER CONTROL IN 2018

10 FLEXIBLE AC TRANSMISSION SYSTEM MARKET, BY GENERATION TYPE

  • 10.1 INTRODUCTION
  • 10.2 FIRST GENERATION
    • 10.2.1 SVC AND SERIES COMPENSATION ARE FIRST GENERATION FACTS DEVICES
  • 10.3 SECOND GENERATION
    • 10.3.1 EUROPE ACCOUNTED LARGEST SHARE FOR SECOND GENERATION FACTS DEVICES

11 FLEXIBLE AC TRANSMISSION SYSTEM MARKET, BY VERTICAL

  • 11.1 INTRODUCTION
  • 11.2 UTILITIES
    • 11.2.1 UTILITIES TO DOMINATE FACTS MARKET IN COMING YEARS
  • 11.3 RENEWABLES
    • 11.3.1 MARKET FOR RENEWABLES TO GROW AT HIGHEST CAGR
  • 11.4 INDUSTRIAL
    • 11.4.1 NEED FOR POWER QUALITY AND STABILITY BOOSTING DEMAND FOR FACTS IN INDUSTRIAL VERTICAL
  • 11.5 RAILWAYS
    • 11.5.1 APAC HELD LARGEST MARKET FOR RAILWAYS IN 2018

12 GEOGRAPHIC ANALYSIS

  • 12.1 INTRODUCTION
  • 12.2 AMERICAS
    • 12.2.1 NORTH AMERICA
      • 12.2.1.1 US
        • 12.2.1.1.1 US is largest market for FACTS in North America
      • 12.2.1.2 Rest of North America
    • 12.2.2 SOUTH AMERICA
      • 12.2.2.1 Brazil
        • 12.2.2.1.1 Increase in investment for expansion of energy infrastructure drives FACTS markets in Brazil
      • 12.2.2.2 Rest of South America
  • 12.3 EUROPE
    • 12.3.1 UK
      • 12.3.1.1 UK is the major consumer of FACTS in Europe
    • 12.3.2 GERMANY
      • 12.3.2.1 Facts markets in Germany to grow at highest CAGR during forecast period
    • 12.3.3 FRANCE
      • 12.3.3.1 Smart grid infrastructure to drive facts market in France
    • 12.3.4 REST OF EUROPE
  • 12.4 APAC
    • 12.4.1 CHINA
      • 12.4.1.1 China to hold largest share of facts market in APAC during forecast period
    • 12.4.2 INDIA
      • 12.4.2.1 Government support for expansion of transmission network to drive facts market in India
    • 12.4.3 SOUTH KOREA
      • 12.4.3.1 Requirement for constructing new transmission lines drives facts market in South Korea
    • 12.4.4 REST OF APAC
  • 12.5 ROW
    • 12.5.1 MIDDLE EAST
      • 12.5.1.1 Growing number of oil & gas industries in Middle East to drive FACTS market
    • 12.5.2 AFRICA
      • 12.5.2.1 Africa to hold larger share of FACTS market in RoW

13 COMPETITIVE LANDSCAPE

  • 13.1 OVERVIEW
  • 13.2 RANKING ANALYSIS OF KEY PLAYERS IN FLEXIBLE AC TRANSMISSION SYSTEM MARKET
  • 13.3 COMPETITIVE SITUATIONS AND TRENDS
    • 13.3.1 PRODUCT DEVELOPMENTS
    • 13.3.2 AGREEMENTS
    • 13.3.3 COLLABORATION
    • 13.3.4 CONTRACTS
    • 13.3.5 DIVESTMENT
    • 13.3.6 EXPANSION
    • 13.3.7 PARTNERSHIP
    • 13.3.8 ACQUISITION
  • 13.4 COMPETITIVE LEADERSHIP MAPPING, 2018
    • 13.4.1 VISIONARY LEADERS
    • 13.4.2 DYNAMIC DIFFERENTIATORS
    • 13.4.3 INNOVATORS
    • 13.4.4 EMERGING COMPANIES

14 COMPANY PROFILE

(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*

  • 14.1 KEY PLAYERS
    • 14.1.1 ABB
    • 14.1.2 RONGXIN POWER ENGINEERING LTD (RXPE)
    • 14.1.3 GENERAL ELECTRIC (GE)
    • 14.1.4 SIEMENS
    • 14.1.5 MITSUBISHI ELECTRIC
    • 14.1.6 AMERICAN SUPERCONDUCTOR
    • 14.1.7 INFINEON
    • 14.1.8 NR ELECTRIC
    • 14.1.9 HYOSUNG HEAVY INDUSTRIES
    • 14.1.10 INGETEAM POWER TECHNOLOGY
  • 14.2 RIGHT TO WIN
  • 14.3 OTHER IMPORTANT PLAYERS
    • 14.3.1 BHARAT HEAVY ELECTRICALS LIMITED (BHEL)
    • 14.3.2 QUANTA TECHNOLOGY
    • 14.3.3 COMSYS
    • 14.3.4 MERUS POWER DYNAMICS OY
    • 14.3.5 SIEYUAN ELECTRIC CO., LTD.
    • 14.3.6 SIGNATORY PVT. LTD.
    • 14.3.7 JEMA ENERGY SA
    • 14.3.8 FREQCON GMBH
    • 14.3.9 CLARIANT POWER SYSTEM LIMITED
    • 14.3.10 BEIJING POWER EQUIPMENT GROUP CO LTD(BPEG)

Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

15 APPENDIX

  • 15.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 15.2 DISCUSSION GUIDE
  • 15.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 15.4 AVAILABLE CUSTOMIZATIONS
  • 15.5 RELATED REPORTS
  • 15.6 AUTHOR DETAILS
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