Flexible AC Transmission Systems Market Analysis
INTRODUCTION
Flexible AC Transmission Systems (FACTS) have been a part of grid reliability equipment for more than 6 decades. The technological advancement in power electronics, semiconductor devices, and control systems has contributed a great deal in the development of highly efficient systems to ensure grid reliability. The new energy mix in the grid also warrants the need for FACTS in transmission systems. Within PTR’s FACTS segment, a wide range of services are offered to provide in-depth analysis of the FACTS market in utility, renewable, and industrial applications across the globe.
Globally, China has the greatest FACTS installed base, followed by the United States, Japan, Canada, Brazil, and Australia, in that order. Taking a look at the technology split in the globally installed base, it appears that Static VAR Compensators (SVC) make up just under 50% of the installed base, followed by Static Synchronous Compensators (STATCOM) making up just over 30% and Series Capacitors which make up the remainder.
Breaking it down region-wise over the past decade, Asia contains roughly two thirds of the globally installed FACTS base, followed by North America at approximately 20%, and then Europe at around 6%.
In the Europe, Middle East, and Africa (EMEA) region, the capacity additions over the last few years have been consistently rising with 2020 seeing a capacity addition of approximately 3100 MVAr. Zeroing in over Europe, we see that over the last 10 years, the split of the different sectors in which FACTS bases have been installed shows that the renewables and utility sectors constitute roughly a third of the total installed base in this region each. Industrial applications make up approximately 20% of the installed base and the Railway sector constitutes the remainder.
Over in North America, the technology-wise split of the pipeline projects shows Series Capacitors to be the most popular technology planned for installation, constituting roughly 60% of all pipeline projects in this area. SVC constitute roughly a quarter of the pipeline projects in this region and STATCOM make up the remainder.
With different types of FACTS technologies, various applications, a range of specifications, and a global market of interlinked factors that impact growth, risks, investments, and trends, PTR’s FACTS service works to consolidate accurate and detailed information under its umbrella. This service covers all three of the aforementioned FACTS technologies used in the power grid industry (STATCOM, SVC, and Series Capacitors) and delves into the key insightful and critical market trends that need your attention. PTR’s FACTS Service provides a Global Project Specific Database of over 3000 projects, an MV FACTS Market Analysis, a Global FACTS Market Report, and the PTR Power Electronics App which covers regular happenings in the FACTS market to keep you up-to-date.
Key Questions Addressed in the Service
- Which regions, countries and applications are future demand centers for FACTS?
- Which technologies and applications are dominating the FACTS market?
- Which factors are driving global FACTS market?
- What are key market trends in global FACTS market?
- What is regional competitive landscape for FACTS markets?
- Who are key suppliers of FACTS and what are their offering?
Scope of Research – Flexible AC Transmission Systems
- FACTS -Segmentation
- Geographies Evaluated
- Market Share - Segmentation
- Project Example
- Competitive & Qualitative Analysis
Market shares available through multiple lenses and user defined timelines
Timeline Split
FACTS are part of utilities and industries for more than 6 decades. PTR manages a database of these devices which goes back to 1950s. Using PTR‘s FACTS database, valuable insights can be extracted in user defined timelines which helps to understand FACTS evolution over different periods.
FACTS -Segmentation
Geographies Evaluated
Market Share Segmentation
Market shares available through multiple lenses and user defined timelines
Timeline Split
FACTS are part of utilities and industries for more than 6 decades. PTR manages a database of these devices which goes back to 1950s. Using PTR‘s FACTS database, valuable insights can be extracted in user defined timelines which helps to understand FACTS evolution over different periods.
Delivery Format
Report and Analysis in Power BI
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