Flexible Alternating Current Transmission Systems (FACTS)

Jan. 18, 2011 - PRLog -- The growth of the Flexible Alternating Current Transmission System FACTS market is mainly driven by the growing demand in the markets of emerging economies in the Asia Pacific region. With increased economic growth, governments of many countries in the region have drawn up major investment plans in the energy infrastructure. The rising population in the cities of this region will increase the demand for power, and so, the markets are expected to grow more than the global growth rate of the cable industry. Moreover, the governments of many Asian countries have plans for larger rural electrification as well. This would also be an important driver of the FACTS market globally.

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The global FACTS market has grown historically and is set for strong growth in the future as well. The market is expected to grow at a CAGR of 4.5% from 2010 to 2020 with revenues increasing from $1270m in 2010 to $1,973m in 2020.

Currently, ABB Ltd is the clear leader of the global FACTS market. It has completely dominated the FACTS market in major countries all over the world with no other company coming even close to the revenues earned by ABB. Siemens used to be an important player in the FACTS market and provided some stiff competition to ABB but after 2005, its share fell drastically. It was not able to corner major contracts and as a result ABB Ltd has enjoyed complete dominance in this market.

The growth of the Flexible Alternating Current Transmission System FACTS market is mainly driven by the growing demand in the markets of emerging economies in the Asia Pacific region. With increased economic growth, governments of many countries in the region have drawn up major investment plans in the energy infrastructure. The rising population in the cities of this region will increase the demand for power, and so, the markets are expected to grow more than the global growth rate of the cable industry. Moreover, the governments of many Asian countries have plans for larger rural electrification as well. This would also be an important driver of the FACTS market globally.

GlobalData’s “Flexible Alternating Current Transmission Systems (FACTS) - Global Market Size, Competitive Landscape, Trends and Analysis to 2020” gives detailed information on the Global FACTS market and provides historical and forecast numbers for revenues, volumes and average price up to 2020. The research analyzes trends in the global FACTS market and also detailed analysis for the leading countries in FACTS business. This, coupled with competitive benchmarking of the top market participants provides a comprehensive understanding of the market’s competitive scenario.

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