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semiconductorandelectronics · 7 months ago

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Flexible AC Transmission Systems (FACTS) Market with Covid-19 Impact Analysis by Compensation Type (Shunt, Series, and Combined), Generation Type, Vertical, Component, Application, Functionality, and Geography

#Flexible AC Transmission Systems Market

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marvilalit22 · 4 years ago

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Covid 19 Analysis on Series Compensation System Market Size, Latest Innovations, Analysis and Forecast 2023

Market Research Future published a research report on “Series Compensation System Market Research Report- Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Industry Insight

The spread of coronavirus has impacted the global series compensation system market 2020, but in the latest study of Market Research Future reveals that the global market would expand at a pace of 5% (growth rate). With this, the market might create new ventures and opportunities, which can be predicted until the year-end of 2023.

Top Impacting Factors

The global series compensation system market is motivated by factors such as maximum safety in transmission & distribution network, need for reliable electric supply, and investments for replacement of matured electric grid structures with modern the upgraded ones. Asia-Pacific region recorded as the leading market for series compensations attributing to factors of fast economic growth, rapid industrialization, and urbanization in countries such as India and China.

The mounting application of the series compensation system is becoming popular owing to its low cost, improved system stability, high operational efficiency, easy and quick installation, proper load distribution between circuits, and convenient virtual deployment of series compensation in the power network. Also, the rising need for reliable electric supply & subsequent investment in transmission & distribution network, developing safe electrical infrastructure and grid expansion has influenced the growth of the Covid 19 Analysis on Series Compensation System Market.

Furthermore, the constant need for electricity and the worldwide growth in grid infrastructure has chances to aid in the growth of the global series compensation system market over the forecast period. Despite these factors, some other factors, such as fluctuating material costs, might restrain the Global Series Compensation System Market growth in the coming years.

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Top Market Players

The top players of the global series compensation system market are listed as L&T Electrical & Automation (India), Energy Capacitors Pvt. Ltd. (India), Siemens AG (Germany), General Electric Company (U.S.), Adani Transmission Limited (India), Mitsubishi Electric Corporation (Japan), ABB Ltd. (Switzerland), Hyosung Corporation (South Korea), NR Electric Co. (China), and Eaton Corporation Plc (Ireland).

Segmentation of Market: Series Compensation System

The global level segmental analysis of the series compensation system market is done among the segments of material type, product, and application.

By the segmentation of type, the market includes thyristor-controlled series compensation and static series compensation.

By the segmentation of voltage, the market has included high voltage, medium voltage types, and low voltage.

By the segmentation of end-user, the market included industries, utilities, and others.

Region-Wise Outlook

The Covid 19 Analysis on Series Compensation System Market is geographically studied across main regions such as Asia Pacific, North America, Europe, and the Rest of the World (RoW).

The series compensation system market is projected to garner decent growth over the assessment period in the Asia Pacific region. A significant portion of the market growth in the region holds the leading position in the global landscape with the highest share percentage. The regional market is further anticipated to inflate during the forecast period and maintain its position atop of the global standings. The escalation of the regional market can be attributed to fast-paced industrialization and urbanization. Adding to this, the rapid economic growth in major developing countries such as India and China is also sustaining the growth of the Asia Pacific market.

On the other line stands the market in North America that has gained the second-highest share percentage. The established and well-developed landscape in North America is one of the crucial drivers of the region.

Europe is also another significant market in the global standings as it holds the third-largest position. Lastly, the Rest of the World regional segment is projected to garner the least share percentage over the estimated period.

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Following are major Table of Series Compensation System Market:

Major points covered in this research are:-

Series Compensation System Market Overview, Segment by Type (Product Category), by Application, by Region, Competition by Manufacturers

Global Market Size (Value) of Series Compensation SystemGlobal Series Compensation System Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region

Global Series Compensation System Production, Revenue (Value), Price Trend by Type

Global Series Compensation System Market Analysis by Application

Global Series Compensation System Manufacturers Profiles/Analysis

Series Compensation System Manufacturing Cost Analysis

Industrial Chain, Sourcing Strategy and Downstream Buyers

Marketing Strategy Analysis, Distributors/Traders

Market Effect Factors Analysis

Global Series Compensation System Market Forecast

Competitive Landscape

Research Findings and Conclusion

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#Covid 19 Analysis on Series Compensation System Market #Market research

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rahulpande15 · 3 years ago

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Series Compensation System Market Analysis, Research, Applications & Forecast to 2030

Series compensation systems are devices that reduce the probability of voltage drop over long distances for efficient running of the power system. It is most notably applied in transmission corridors to bring in stability. The global series compensation system market report by Market Research Future (MRFR) offers opportunities, drivers, and challenges to affect the industry for the period of 2022 to 2030 (forecast period). The COVID-19 pandemic and its effects are explored in the report.

Market Scope

The global series compensation system market is expected to grow at a CAGR of 5% during the forecast period. It is driven by the emphasis on optimization of performance on transmission corridors. Series compensation systems can provide stability to the grid and encourage power sharing between parallel circuits. Increasing applications of these systems owing to its quick deployment, low cost, high efficiency, and load distribution can bode well for the market.

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The huge need for these systems in electrical grids and investments in electrical infrastructure and transmission & distribution network can drive the market demand significantly. Compact design and low manufacturing costs can lead to its implementation in utilities and other industrial sectors. Stability of the grid in light of frequent power outages and limitation of load-dependent drops can lead to larger use of series compensation systems.

But fluctuating costs of materials can hinder the global series compensation system market growth.

Segmentation

By type, it is segmented into fixed series compensation and thyristor controlled series compensation. The fixed series compensation segment is projected to capture the larger share of the market by maintaining minimum voltage and transferring maximum power over transmission lines. The use of series compensation systems for modifying the reactance of transmission system can drive the demand of this segment and lead to higher integration in electrical grids.

By voltage, it is segmented into low voltage, medium voltage, and high voltage.

By end-user, it is segmented into utilities, industries, and others. The utilities segment is bound to drive the demand for series compensation systems due to investments in new networks and efficient solutions for curbing energy expenses. The growing challenges of reliable power transmission and need for increasing transmission capacity can drive the segment growth.

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Regional Analysis

The Asia Pacific is expected to be the leading market for series compensations. Rapid industrialization, urbanization, and rapid economic growth in countries of India and China are expected to drive the market.

North America is touted to dominate the global series compensation system market owing to increasing the capacity of transmission lines for transference of power. Huge demand for power amid rapid urbanization and industrialization can induce market demand significantly.

Competitive Outlook

Mitsubishi Electric Corporation, Energe Capacitors Pvt. Ltd., Adani Transmission Limited, L&T Electrical & Automation, Siemens AG, Eaton Corporation Plc, NR Electric Co., General Electric Company, ABB Ltd., and Hyosung Corporation are key players of the global series compensation system market.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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andy1199posts · 3 years ago

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Flexible AC Transmission Systems Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

The report “Flexible AC Transmission Systems (FACTS) Market with Covid-19 Impact Analysis by Compensation Type (Shunt, Series, and Combined), Generation Type, Vertical, Component, Application, Functionality, and Geography – Global Forecast to 2025″ is estimated to grow from USD 1.2 billion in 2020 to USD 1.5 billion by 2025; it is expected to grow at a CAGR of 5.4% from 2020 to 2025. Download…

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market-research-updates · 3 years ago

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Embedded SIM (eSIM) Market Key Major Challenges, Drivers, Growth Opportunities Analysis to 2025

The Embedded SIM (eSIM) Market is expected to register a CAGR of 15.47% over the forecast period from 2020 to 2025. It's been estimated that the Internet of Things (IoT) devices will become the largest connect category within the next few years, overtaking mobile phones. The eSIM helps these connected devices work and enables new types of devices with less compromise. Wearables are one category that significantly benefits from an eSIM because of the accommodation of a more significant physical sim in the device will result in the usage of extra space and to compensate that the batter size of the wearable can be compromised. Automotive makers, with the usage of an eSIM, allow the user to connect the cars to cellular quickly. Laptops will benefit from the addition of the eSIM while providing brands and re-sellers with the opportunity to up-sell/cross-sell through flexible data bundles. - In November 2019, 1oT, the virtual connectivity provider for global IoT device makers and Valid, an eSIM solution provider, announced a collaboration introducing a full end-to-end eSIM solution for the IoT space. Valid's subscription management services and eSIM technology coupled with 1oT's scope and several pre-negotiated mobile carrier deals produce a cost-effective and reliable connectivity solution. 1oT's eSIM offering provides a single point of contact for IoT connectivity by acting as an aggregator of various carrier services. IoT service providers can now use one robust system that gathers different carrier deals and eSIM management under one roof instead of handling multiple carrier deals and SIM cards for use in different countries or regions.

Click Here to Download Sample Report >> https://www.sdki.jp/sample-request-90614 - As eSIM enables users to connect more devices to their mobile operator, operators can offer multi-device packages and bespoke data plans. With eSIM, device bundling will become much more accessible, with consumers conveniently adding new devices to their plans without having to go in-store or wait for a physical SIM card to arrive in the post. In turn, this presents additional revenue opportunities for mobile operators, as their customers scale-up their plans by adding new devices that require data. Businesses with many mobiles used by their employees will also benefit from the convenience of eSIM. eSIM can deliver a better user experience for managing cellular connectivity. Profiles for each user can also be personalized, and data plans can be adjusted and optimized via eSIM remote management tools. - Multiple countries are witnessing the deployment of eSIM. For instance, in April 2020, stc has announced a localizing platform for eSIM for the first time in Saudi, obtained an international accreditation deemed requisite for rolling out eSIM technology. stc can provide eSIM services to all Mobile and Virtual Network Operators (MNOs/MVNOs) in the country as a National eSIM Platform. Also, the service can be extended to other MNO's in the Arabian Gulf region or internationally interested in obtaining the eSIM service from stc. The adoption of eSIM in Saudi Arabia in cooperation with GSMA Certification is expected to be a step towards achieving the mandates of Saudi Vision 2030, by localizing eSIM technology and further enabling digital transformation. - In May 2020, Virgin Mobile offered an integrated digital experience to keep customers across the connected amid COVID-19 lockdown with the rollout eSIM card technology in Saudi Arabia because an eSIM could be activated directly through digital channels without the requirement for a visit to a store, bringing flexibility and high efficiency to customers. In April 2020, eSIM.net Group Ltd, an online eSIM store and MNVO announced Europe's first Pay As You Go (PAYG) data, voice, and SMS eSIM plan. Unlike current eSIM plans offered by the United Kingdom's mobile network operators, this plan is not locked to any network. Equipped with a +44 telephone number, the PAYG plan can be downloaded online and is particularly beneficial during lockdown due to COVID-19 for those living in mobile network black-spots. Key Market Trends Smartphone is Expected to Witness Significant Growth - As smartphone manufacturers continuously strive to make smaller, slimmer, and lighter devices with more features, space is at an absolute premium. The size of the Nano SIM card is about 12.30 mm in length and 8.80 mm wide. It also takes additional space associated with internal hardware and circuitry that needs to be accommodated. For many years, manufactures have had to design and adjust the physical SIM card via SIM card trays or other internal slots. The need for more durable and waterproof phones is expected to drive the removal of the physical SIM tray will drive the adoption of eSIM on smartphones. Remote Provisioning capabilities within the eSIM standard is expected to provide users with enhanced customer experience for activating and managing the phones. - Samsung's inclusion of eSIM technology in its S20 range of devices is expected to positively impact the adoption of eSIM in smartphones, which was previously confined to limited brands such as Apple and Google. In August 2020, NXP Semiconductors N.V. announced that NXP's embedded SIM (eSIM), Secure Ultra-Wideband (UWB) fine-ranging solution, as well as Secure Element (S.E.) and Near Field Communication (NFC) unit, are deployed in Samsung's new Galaxy Note20 Ultra. Unlike the physical SIM cards that must be removed and replaced in new devices, NXP's GSMA-compliant eSIM solution is integrated into a device, making remote SIM provisioning significantly easier and providing over-the-air SIM updates. The eSIM functionality comes with all Samsung Galaxy Note20 Ultra devices, excluding Japan, China, and Korea.

Click Here to Download Sample Report >> https://www.sdki.jp/sample-request-90614 - In July 2020, Vodafone Idea Ltd., India's telecommunications service provider, made the availability of eSIM for Vodafone postpaid customers for eSIM compatible Apple devices including iPhone 11, iPhone 11 Pro, iPhone 11 Pro Max, iPhone S.E., iPhone X.S., iPhone XS Max, and iPhone X.R. The service is currently available in certain cities such as Mumbai, Delhi, and Gujarat. In March 2020, Jio has enabled support for its eSIM service on the Motorola Razr. With the eSIM service, Jio users will be able to access the Internet, make calls, and use other web-based applications on the smartphone. All the present Jio users could convert their physical SIM cards to eSIM without any extra charge. The eSIM service is applicable for both postpaid and prepaid connections. - In February 2020, HMD Global has filed a patent for a new embedded SIM card (eSIM) solution with the European Union Intellectual Property Office (EUIPO). The tech is known as SIMLEY and will serve a multitude of purposes ranging from telecommunication services to an e-wallet and banking service tool and extended warranty service. The essential takeaway here is that HMD plans to introduce eSIM compatible Nokia phones shortly. While competitors such as Google and Apple have offered this type of service on their devices for some years now, the new standard is still not that common. SIMLEY is also expected to function as an electronic mobile payment service coupled with added protection for user data. North America is Expected to Hold Significant Share - North American region is expected to hold significant share as it is the first region that rolled out the support for eSIM, and major carriers in the region provide the eSIM service. In the United States, AT&T, T-Mobile, Truphone, Ubigi, and Verizon Wireless offers the support of eSIM functionality, whereas, in Canada, Bell, Freedom, Fido, Koodo, Lucky Mobile, Rogers, Telus, and Virgin provide the support. In January 2020, Telus and its sub-brand Koodo announced the support eSIM in Canada. The supported list of phones includes the iPhone 11 series and XS series, Google Pixel 3a and 4 series, Motorola Razr and Samsung Galaxy Fold. Among other devices such as smartwatches, laptops, and tables, the Samsung Galaxy Watch Series, Apple iPad Pro 11-inch, Surface Pro X supports the eSIM functionality offered by Telus and Koodo. - The plans related to eSIM becoming significantly cheap in the region and a secure international roaming solution considerably drive the adoption of eSIM in the region. On phones with eSIM support, the user can select from a bunch of individual countries or roaming plans, where the multi-country operators tend to be significantly more expensive than US Mobile's solution. If the user is traveling abroad, he can select the carrier's roaming plan. On AT&T and Verizon, that's generally USD 10 per day for high-speed data. Otherwise, the user can still buy a local SIM card or use a multi-country travel SIM card like KnowRoaming, which tends to be the most expensive. eSIM lets the user scan a QR code or pick a new carrier from an on-device menu, making it much easier to switch carriers or roaming. - In September 2019, Truphone announced the extension of its eSIM support for iPhone to the new iPhone 11, 11 Pro and 11 Pro Max. Apple announced the latest additions to its iPhone series at its 2019 annual event. The newest iPhone models are a series of Apple products to provide eSIM to the consumer market. In 2018, Apple became the first consumer device manufacturer to enable eSIM services in a flagship smartphone series: the iPhone XS, iPhone XS Max, and iPhone XR. Truphone's eSIM is engineered to make connectivity easy for Apple iPhone users. Truphone's eSIM for iPhone plans work in 89 countries globally and ensures that the iPhone users get connected easily and quickly without the need of having to change plans when they travel to a different country. - In February 2020, MobileIron Inc., an American software company, and IDEMIA announced support for eSIM-enabled Windows 10 enterprise devices. Organizations in the region can onboard, manage, and configure eSIM-enabled Windows 10 devices as part of their established unified endpoint management (UEM) infrastructure, simplifying the complete device lifecycle. The IDEMIA Smart Connect Platform includes an Orchestration Hub and Subscription Manager (SM-DP+), Entitlement Server for a complete eSIM lifecycle management solution, which combines with mobile network operators (MNO) systems and bring control of eSIM subscription plans and their profiles within MobileIron's UEM platform. This includes selecting and browsing subscriptions, activation and profile provisioning on the MNO network, and assigning profiles to devices. Request For Full Report >> https://www.sdki.jp/sample-request-90614 Competitive Landscape The Embedded SIM (eSIM) market primarily comprises multiple domestic and international players in quite a fragmented and highly competitive environment. Major players in the market include Gemalto N.V. (Thales Group), STMicroelectronics N.V., Infineon Technologies AG, etc. Technological advancements in the market are also bringing considerable competitive advantage to the companies, and the market is also witnessing multiple partnerships. - May 2020 - Thales has deployed a public cloud version of its embedded SIM (eSIM) remote subscription platform on Google Cloud to help telcos manage the increase of mobile subscriptions for eSIM-capable devices. As part of the deployment, the platform is GSMA-certified, will be accessible by telcos on Google Cloud in more than 200 countries and territories. - March 2020 - STMicroelectronics and Truphone collaborated to launch a full-stack embedded SIM (eSIM) infrastructure solution compliant with GSMA M2M standards. S.T. provides its ST4SIM-200A/M, a GSMA-certified SOC solution with eSIM software and industrial and automotive-qualified secure hardware, while Truphone provides its seamless connectivity and remote SIM provisioning (RSP) capabilities. Reasons to Purchase this report: - The market estimate (ME) sheet in Excel format - 3 months of analyst support

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sandlerresearch · 4 years ago

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Flexible AC Transmission Systems (FACTS) Market with Covid-19 Impact Analysis by Compensation Type (Shunt, Series, and Combined), Generation Type, Vertical, Component, Application, Functionality, and Geography - Global Forecast to 2025 published on

https://www.sandlerresearch.org/flexible-ac-transmission-systems-facts-market-with-covid-19-impact-analysis-by-compensation-type-shunt-series-and-combined-generation-type-vertical-component-application-functionality-and.html

Flexible AC Transmission Systems (FACTS) Market with Covid-19 Impact Analysis by Compensation Type (Shunt, Series, and Combined), Generation Type, Vertical, Component, Application, Functionality, and Geography - Global Forecast to 2025

Rising demand for STATCOM devices for voltage control

The FACTS market is projected to reach USD 1.5 billion by 2025 from USD 1.2 billion in 2020; it is expected to grow at a CAGR of 5.4% during the forecast period. The growth of the FACTS market is driven by the increasing benefits offered by FACTS, growth in transmission lines, rising focus on energy generation using renewable sources, and rising demand for STATCOM devices for voltage control. Further, rising investments in transmission networks, and potential opportunities in APAC are the opportunities for FACTS manufacturers.

FACTS devices are employed across the world to cater to high power quality and network reliability needs. This has led to an increased demand for STATCOM. STATCOM is a power electronic device that uses communitated devices such as GTO and IGBT to regulate reactive power flow through a power network, thereby increasing the stability of a power network. STATCOM is used to stabilize the network voltage in order to keep it constant at a set reference value. The increasing demand for electricity, growing need for renewable electricity generation, rising stringent regulations by regulatory authorities pertaining to power quality, and increasing need for upgrading aging transmission infrastructure are among the factors driving the growth of the STATCOM market, which would, in turn, boost the growth of the FACTS market.

The market for shunt compensation led the FACTS market

Shunt compensation is used for various applications such as voltage stabilization, dynamic reactive power control, increased transmission capacity, power oscillation damping, higher transient stability, system voltage balance maintenance, reduced transmission losses, and voltage control. Low installation cost when compared with other systems and improved efficiency along with higher rating across distribution circuits are a few factors that are expected to increase the demand for shunt systems. Further, shunt compensation is classified into static synchronous compensator (STATCOM) and static VAR compensator (SVC).

Impact of COVID-19 on generation types

The FACTS market in 2020 is expected to witness a decline due to the outbreak of the COVID-19 pandemic. COVID-19 has significantly affected the growth of the construction & engineering industry. Many hardware manufactures are witnessing shortage of labor, which consequently has hampered the production. Moreover, the COVID-19 pandemic has resulted in delays in the ongoing power projects. The projects might resume in the last quarter of 2020 or Q1 of 2021, hence, the market is expected to grow in 2021 over 2020. As compared to the first generation FACTS devices, the end users such as utilities, renewables, and industries are preferring second generation FACTS systems, i.e., STATCOMS, due to their ease of use and superior voltage control.

FACTS to captures the major market share in Europe

Europe is the largest market for FACTS; it accounted for ~35% market share in 2019. The FACTS market in this region is segmented into Germany, France, the UK, and the Rest of Europe (Sweden, Italy, Spain, Switzerland, and the Netherlands). Presently, the UK is the largest consumer of FACTS in Europe. Rising industrial production and expanding population are increasing the demand for electricity across the European countries. This, in turn, results in the growth of the FACTS market in this region. Further, government regulations regarding carbon-free power transmission and grid code in Europe are expected to drive the FACTS market in this region.

Key manufacturers such as ABB, Siemens, Infine on, and Ingeteam are also driving the growth of the FACTS market in this region as these manufacturers provide FACTS devices to a large number of electricity transmission projects in Europe.

The breakup of primaries conducted during the study is depicted below:

By Company Type: Tier 1 – 50%, Tier 2 – 30%, and Tier 3 –20%

By Designation: C-Level Executives – 35%,and Directors– 30% and Others – 35%

By Region: Americas– 40%, Europe – 25%,APAC– 20% and ROW– 15%

Research Coverage

The report segments the FACTS market and forecasts its size, by value, based on region (Americas, Europe,Asia Pacific, and RoW), compensation type, vertical, generation type, and application.

The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the FACTS market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying This Report

This report includes market statistics pertaining to the compensation type, vertical, generation type, application,and region.

An in-depth value chain analysis has been done to provide deep insight into the FACTS market.

Major market drivers, restraints, challenges, and opportunities have been detailed in this report.

The report includes an in-depth analysis and ranking of key players.

#Energy &amp; Power

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semiconductorandelectronics · 8 months ago

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Flexible AC Transmission Systems (FACTS) Market with Covid-19 Impact Analysis by Compensation Type (Shunt, Series, and Combined), Generation Type, Vertical, Component, Application, Functionality, and Geography

#Flexible AC Transmission Systems (FACTS) Market

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bmimergers · 4 years ago

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Business Recovery and Exit Planning in Uncertain Times (Part 2):

Three Stages to Navigating from Crisis to Success

Three to six months of cash to cover business expenses? That ship may have sailed, but it’s not time to panic, it’s time to make a plan. Many business owners have succeeded by trusting their gut, but this is not the time to wing it: it's time to put in place tools and forecasts to support your decision-making process with data, and formal communication systems to keep track of a remote workforce.

In Part 1 of this series, we said some believe that 60% of businesses are down but surviving; in large part their success will be due to their ability to change course over the coming months. Those who succeed will have stronger, more profitable businesses and will be able to command higher valuations from potential acquirers when they decide to exit. The financial results during the downturn may be discounted by potential buyers if a strong recovery is evident. There are three stages to steer your business from today’s crisis to long term success: Stabilize, Strengthen, Reimagine.

Stabilize: focus on keeping the doors open

Put in place a communication plan for the core management team and employees who may be working remotely

Evaluate whether your workforce has tools and information they need (home office supplies, access to systems and data, childcare) to operate efficiently and offer help when necessary.

Supporting the culture and building morale go a long way toward Incentivizing key employees to retain talent.

Develop a cash flow plan to weather the downturn. Increase speed of billing, accelerate collection

Assess expenses in view of current revenue stream, what’s essential vs. what’s discretionary. This includes workforce, vendors, and facilities. Forecast cash flow under multiple scenarios, ideally by week, or the next 3-6 months.

Tap external sources of funding

Take advantage of all government assistance (PPP/EIDL). Tap existing bank relationships and renegotiate covenants where possible. Look at alternative financing options (factoring, mezzanine debt, minority equity).

Use downtime to clean house

Touch base with customers and suppliers; they are suffering too. The human factor can cement those relationships.

Literally clean out obsolete inventory, equipment, office supplies.

If you have free time on your hands, this is a good time to launch a new website and develop marketing materials, social media outreach, and content marketing such as blog posts.

Strengthen: restructuring to emerge stronger than ever

Make changes needed to reflect the “new normal” that may persist for many months if not years

Revise 2020 budget based on current revenue and cost trends

Track actual 2020 results on a monthly basis to 2019 historical, original budget, and post-COVID budget

Implement a monthly close with good controls and produce financials monthly

Consider sharing financials with additional layer of employees to increase motivation and performance

Evaluate human capital needs and compensation structure

Team composition and retooling may be needed

Compensation reduction for team and owners should be matched with incentive structure

Technology and systems evaluation

Are they up to date and adequate for today’s reality?

Had you known what you know now, what information could have been used three months ago and how can that data be gathered?

Are business continuity plans in place and adequate?

Product and customer evaluation

Product line analysis: invest in the stars, jettison the dogs

Customer analysis: apply 80/20 rule to determine which customers to focus on and exit unprofitable relationships

Evaluate sales channels, pricing, and terms

Supply chain evaluation

Evaluate alternative sources of supply, noting supply bottlenecks

Negotiate with suppliers, rewarding those who support your business

Evaluate outsourcing and insourcing opportunities

Optimize inventory levels

Facilities evaluation

Profitability analysis by location

Restructure underperforming locations or consolidate

Reimagine: pivoting to growth

Market and competitive analysis

Assess market and buying patterns: how have customers’ buying patterns changed based on changed economy and social environment?

Have any competitors shut down, are there adjacent product lines with unmet demand?

What new opportunities have arisen based on market changes?

Team reinvention

Virtual team meeting to brainstorm ideas for new products, new markets, other opportunities

Encourage entrepreneurship and ownership-mindset: offer incentives for successful ideas to everyone

Make opportunistic hires as they become available

Determine resources needed to implement the new plan

New locations based on changing market dynamics

Sources of supply for new product offerings

Human capital needs

Better cash and business forecasting systems

Create a business plan

Base, optimistic, and pessimistic case scenarios

Contingency planning for economic decline, ongoing pandemic, natural disaster

Execute the plan, revising on a regular basis

BMI has compiled a list of resources for business owners dealing with COVID-19. Our advisors are available for individual consultation, particularly for business owners who are concerned about the impact today’s decisions may have on a future exit. Contact us through our website.

Click here to go to Part 1 of this article.

Find more on: http://BMIMergers.com

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marvilalit22 · 4 years ago

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Industry InsightThe spread of coronavirus has impacted the global series compensation system market 2020, but in the latest study of Market Research Future reveals that the global market would expand at a pace of 5% (growth rate). With this, the market might create new ventures and opportunities, which can be predicted until the year-end of 2023.

#Series Compensation System Market #Series Compensation System Market Size #trends

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andy1199posts · 3 years ago

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Flexible AC Transmission Systems Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

The report “Flexible AC Transmission Systems Market with Covid-19 Impact Analysis by Compensation Type (Shunt, Series, and Combined), Generation Type, Vertical, Component, Application, Functionality, and Geography – Global Forecast to 2025″ is estimated to grow from USD 1.2 billion in 2020 to USD 1.5 billion by 2025; it is expected to grow at a CAGR of 5.4% from 2020 to 2025. Download PDF…

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auto-news · 5 years ago

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Sales Revenue of Facts Flexible Ac Transmission System Market to escalate in the Coming Years Owing to Changes in Market Dynamics During COVID-19 Pandemic

With increasing income globally, living standards of people has improved drastically. Higher income increases the spending power of people and gives them feasibility to buy even high-end goods. One such necessity good is air conditioner, and its demand has grown significantly in the last couple of years. Its demand has increased considerably in developing economies as compared to developed economies. This increase in demand has further benefited growth in other supporting industries. Flexible AC transmission system is one such supporting industry that has grown rapidly with the growing demand for ACs.

Flexible alternating current transmission system is commonly known as FACTS, it comprises of static components that are used for the AC transmission of electrical energy. This system is used to increase the controllability, flexibility, and power transfer capacity of a power transmission network. To improve the efficiency of ACs and to with its growing demand, technology advancements are taking place that will enhance flexible AC transmission system.

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Market research report on the global flexible AC transmission system market published by Persistence Market Research will give the complete information and development taking place in this market. In-depth analysis related with the market, key developments, strategies adopted by players, and regional growth aspects are also thoroughly discussed in the upcoming report.

The global FACTS market can be broadly divided into three compensation types namely shunt connected, shunt, series and combined series. Shunt connected and combined series compensation consists of Interline Power Flow controller and Unified Power Flow Controller. Series compensation comprises of Thyristor Controlled Series Capacitor and Fixed Series Capacitor. The shunt compensation consists of two devices namely Static Synchronous Compensator and Static Var Compensator.

Ongoing Trends Supporting growth in the global FACTS Market

High-powered electronics systems development is of the key factor augmenting growth in the global flexible AC transmission system market. The use of flexible AC transmission system technologies has a very little impact on the environment, which is also driving its growth across the globe.

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Another significant factor augmenting growth in this market is lesser implementation time involved in such advanced power infrastructure. Additionally, investment cost is also lesser as compared to building new power generation facilities or more transmission lines.

With higher reliability and flexibility of the flexible AC transmission system also has features enhanced its demand for the existing power infrastructure systems.

Increasing renewable energy policies that have been made mandatory for the energy retailers to give details of the portions of their source of energy to renewable energies. More and more countries are planning to introduce renewable polices, which are likely to challenge the growth in this market.

Regional Growth Opportunities of FACTS

North America and Europe are projected to be the leading region for the global flexible AC transmission system market. Continuous developments and rising replacement of the existing power infrastructures, with high integration of renewable sources in the power grids, in developed countries are the key reason behind demand for FACTS. Asia Pacific on the other hand, is projected to contribute significantly in the growth of this market.

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Photoelectric Sensor Market Growth Analysis By Size, Share, News, Demand, Opportunity During 2020-2025

The photoelectric sensor market is expected to register a CAGR of 7.2% during the forecast period of 2020-2025. There is a significant increase in the trend of automation. As sensors play the most critical role in every aspect of automation, the photoelectric sensor market is expected to witness growth during the forecast period. - Photoelectric sensors are used for contour and edge detection, film thickness detection, anti-collision, safety, and people detection, height and level measurement, orientation, and position detection, and counting in various industries in order to increase efficiency and accuracy across industries. - The reflective photoelectric sensor is the fastest-growing segment as they offer the cheapest sensing solution among all other categories of photoelectric sensors. Growing demand for industrial automation and increased adoption of nanotechnology are also some of the growth drivers for retroactive photoelectric sensors in the market. However, competent alternative technologies such as inductive, capacitive, ultrasonic, which serve the relatively same purpose, can hinder the growth of the market. - Due to the recent shut down of businesses across the world, owing to the influence of COVID-19 is expected to influence the photoelectric sensor market negatively due to a decline in demand from various industries and disrupted supply chain as production came to a halt from February and March. This is also expected to impact prices over time. With the increasing number of cases in the United States, the North American electronics industry is under pressure due to the lack of supply of raw materials and products as the global supply chain is disrupted. Click Here to Download Sample Report >> https://www.sdki.jp/sample-request-90273 Key Market Trends Industrial Automation to Drive the Growth of The Market - The photoelectric sensors have a wide range of applications in several industry verticals, such as consumer electronics, automotive and transportation, building automation, food and beverages, pharmaceuticals and medical, packaging, and industrial manufacturing to ensure accuracy, shorter and consistent cycles, and faster time-to-market. For instance, in the parking assistance system, these sensors can detect the presence of objects in the pathway of the reversing vehicle and can raise the alarm to warn the driver. - Rising penetration of the Industrial Internet of Things (IIoT) is further expected to enhance market growth attributed to numerous benefits, including maximizing asset utilization, improving productivity, and enhancing worker safety in developed, as well as emerging economies, such as India and China. - Favorable government policies promoting the manufacturing industry, coupled with the rising adoption of IIoT solutions, are the major factors driving the demand for photoelectric sensors. In addition, growing year-on-year automotive production and booming demand for processed food will further boost the demand for these sensors. - However, the availability of competent alternative technologies restrains the growth of the market. Also, an increase in the digitization and connected industries provide lucrative growth opportunities for the photoelectric sensors market. Asia Pacific To Witness the Highest Growth - The increasing use of enhanced technology, growing adoption of IIoT across various industrial facilities, rising safety mandates in developing countries, like India, Japan, and China, is driving the growth of photoelectric sensors in the region. - Rapid Expansion of the end-user industries, like consumer electronics, industrial, automobile, and textile, are contributing significantly to the growth of the photoelectric sensors market as these sensors themselves are used to improve the productivity of manufacturing set-ups as the data gathered by the sensors can be collated and acted upon immediately. - Other factors that are expected to drive the market growth are reduced downtime, lower cost, adaptability for self-calibration and compensation, fewer interconnections between multiple sensors and control systems, lower weight, and higher reliability. Nanotechnology has also created new opportunities for the photoelectric sensor market in the Asia-Pacific region. - These sensors usually have high maintenance costs restraining the growth of the market. For instance, automobiles are required to work in varying atmospheric conditions, which can vary from altitude difference, coast to desert area, cold and summer climatic condition, and varying humidity, thus, further adding the cost of maintaining the usability in different conditions. Request For Full Report >> https://www.sdki.jp/sample-request-90273 Competitive Landscape The availability of several players providing photoelectric sensors has intensified the competition in the market. Therefore, the market is fragmented, with many companies developing expansion strategies. - October 2019 - Omron released E3AS Series TOF Photoelectric Sensors with compact size and 1,500 mm sensing distance. Its cutting-edge E3AS photoelectric sensors employ time-of-flight (TOF) detection and an antifouling coating to provide exceptional performance in the toughest environments. - April 2019 - SICK AG partnered with a software solution provider, AutoCoding Systems (ACS). This partnership may enable SICK to provide customers with a combined package of SICK’s sensor technology and ACS’s software platform. Reasons to Purchase this report: - The market estimate (ME) sheet in Excel format - 3 months of analyst support

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