Market Research Report
Flexible AC Transmission System Market by Compensation Type, Controller, and Industry Vertical - Global Opportunity Analysis and Industry Forecast, 2017-2023
|Published by||Allied Market Research||Product code||677040|
|Published||Content info||181 Pages
Delivery time: 2-3 business days
|Flexible AC Transmission System Market by Compensation Type, Controller, and Industry Vertical - Global Opportunity Analysis and Industry Forecast, 2017-2023|
|Published: December 1, 2017||Content info: 181 Pages||
Flexible AC Transmission System Market by Compensation Type (Series Compensation, Shunt Compensation, and Combined Series-Shunt Compensation), Controller (Static Synchronous Compensator (STATCOM), Static Var Compensator (SVC), Unified Power Flow Controllers (UPFC), Thyristor Controlled Series Compensator (TCSC), and Others), and Industry Vertical (Oil & Gas, Electric Utility, Railways, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023.
Flexible AC transmission system is a power electronic device-enabled AC transmission system capable of transferring electricity with regulated power flows in transmission routes, securing loading of transmission lines nearer to their thermal limits, and providing higher system stability. Power electronics-based and other static controllers boost power transfer capability by managing active and reactive power supply or absorption.
The growth of the global flexible AC transmission system market is driven by high requirement for advanced electric power transmission systems, increase in demand for voltage & power control solutions, and growth in need of reliable power systems under contingencies. However, high initial cost of infrastructure and restoration of traditional plants are expected to restrict the market growth. Conversely, the emerging smart grid solutions are expected to provide potential growth opportunities for the market.
The report segments the flexible AC transmission system market on the basis of compensation type, controller, industry vertical, and geography. Based on compensation type, it is divided into series compensation, shunt compensation, and combined series & shunt compensation. Based on controller, it is segmented into STATCOM, SVC, UPFC, TCSC, and others. On the basis of industry vertical, it is fragmented into oil & gas, electric utilities, railways, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the flexible AC transmission system market are General Electric, Siemens AG, ABB Ltd., Mitsubishi Electric Corporation, NR Electric Co., Ltd., Hyosung, ALSTOM, Crompton Greaves, Eaton Corporation PLC, and Adani Power.
By Compensation Type
By Industry Vertical