PUBLISHER: PTR Inc. | PRODUCT CODE: 1073995
PUBLISHER: PTR Inc. | PRODUCT CODE: 1073995
Flexible AC Transmission Systems (FACTS) have been part of transmission systems for more than 5 decades. Over time multiple FACTS technologies have been introduced and technology is still evolving. As the new energy sources are becoming part of generation mix across the globe, it has given rise to an increase in demand of modern FACTS technologies to ensure reliability of power supply. FACTS are reactive power compensation devices primarily divided into two categories, series and shunt compensation. The report gives insight on the market size and market shares of SVC and STATCOMs in EMEA, Americas, China, and Rest of APAC.