Market Research Report
Global FACTS Devices Market Size, Status and Forecast 2021-2027
|Global FACTS Devices Market Size, Status and Forecast 2021-2027|
Published: November 12, 2021
Content info: 109 Pages
Delivery time: 2-3 business days
Flexible alternating current transmission system (FACTS) is static equipment used for the AC transmission of electrical energy. It is meant to enhance controllability and increase power transfer capability.
Global key players of FACTS devices include Hitachi ABB Power Grids, Siemens, etc. Global top 4 companies hold a share about 30%. Asia Pacific is the largest market, with a share over 60%, followed by Europe and North America with the share about 20% and 10%. In terms of product, SVG is the largest segment, with a share over 50%. And in terms of application, the largest application is metallurgy and steel, with a share about 30%.
Market Analysis and Insights: Global FACTS Devices Market
The global FACTS Devices market size is projected to reach US$ 2018.5 million by 2027, from US$ 1350.5 million in 2020, at a CAGR of 5.9% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global FACTS Devices market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global FACTS Devices market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global FACTS Devices market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global FACTS Devices market.
Global FACTS Devices Scope and Market Size
FACTS Devices market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global FACTS Devices market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Segment by Type
Segment by Application