Flexible AC Transmission Equipment Development Market - Global Industry Analysis, Development Market Share, Drivers, Restraints, Growth And Forecast, 2017 – 2019
Albany, New York, Feb 17, 2017
"Flexible
AC Transmission Equipment Market - Global Industry Analysis, Market
Share, Drivers, Restraints, Growth And Forecast, 2013 - 2019"
The Report covers current Industries Trends, Worldwide Analysis,
Global Forecast, Review, Share, Size, Growth, Effect.
Description-
Flexible
AC Transmission (FACT) Equipment market has seen swift growth in
recent years. The swift growth is attributed to growing desire to
effectively address transmission loss, voltage fluctuation and
several other problems associated with the electricity transmission.
The technical advances in Flexible AC equipments; including network
reliability, reduced failure rate, and low maintenance cost have made
them superior to fixed compensation equipments. Thus, growing demand
for reliable network and quality power transmission has offered
impetus to the growth of Flexible AC transmission Equipment market.
In addition, with growing energy requirements, burden over ageing
transmission lines and power infrastructures is expected to pave way
for FACT equipments, driving the market forward. Such favorable
trends are expected to drive the growth of the market at a steady
rate over the forecast period 2013 -2019.
High
manufacturing and installation costs of these Flexible AC
Transmission equipments have restricted market penetration of these
equipments. However, manufacturers have now started investing heavily
in their research and development activities for developing low cost
Flexible AC Transmission equipments. Apart from high cost, lack of
awareness regarding the capabilities of these equipments, especially
in developing economies has hampered the growth of this market.
Government regulations across the globe promoting use of renewable
energy sources for energy generation are expected to offer sound
opportunity for FACT equipment manufacturers.
This
market for flexible AC transmission (FACT) equipments is segmented on
the basis of compensation type, components, end user and geography.
The market is segmented on the basis of compensation type into two
main categories namely, Fixed Compensation and Variable Compensation.
The Flexible AC Transmission equipment market is further divided on
the basis of components into thyristors; reactors, GIS switch gears,
and phase shifting transformers among others. On the basis of
end-use, the market is segmented into electric utilities, steel
industry, and mining among others. At present, North America is the
largest FACT equipment market. Over the forecast period, Asia Pacific
and Europe are expected to be the fastest growing markets majorly
owing to favorable government initiatives promoting reliable and
quality power transmission.
Some
of the key players in Flexible AC Transmission equipment market are
Eaton Corporation, ABB Ltd, Mitsubishi Electric Power Products, AREVA
T&D SA, GE Energy, S&C Electric Company, American
Superconductor Corporation, Transmission and Distribution Group, VA
Tech T&D, Square D, Siemens Power and Trench Group.
–
This research report analyzes this market depending on its
market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
– This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a
complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the
coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
– Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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