#Static Var Compensator and Static Var Generator market opportunities

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Static Var Compensator Market

 Advanced Technologies & Growth Opportunities Worldwide By 2024

The static var compensator (SVC) market refers to the industry that produces and sells equipment used to improve the power quality of electrical grids. SVCs are used to stabilize voltage and reactive power in high-voltage power transmission systems, thereby increasing the reliability and efficiency of the grid. SVCs are made up of a variety of components, including capacitors, reactors, and thyristors, which are controlled by sophisticated electronic systems.

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The demand for SVCs is driven by several factors, including the increasing demand for reliable power supply, the growth of renewable energy sources such as wind and solar power, and the need to optimize the performance of existing transmission infrastructure. The market for SVCs is expected to continue growing in the coming years, driven by the increasing demand for renewable energy and the need to upgrade aging transmission infrastructure.

Major players in the SVC market include ABB Ltd., Siemens AG, General Electric Company, Mitsubishi Electric Corporation, Toshiba Corporation, and Hitachi Ltd. These companies offer a wide range of SVCs and related equipment and services, and they compete based on factors such as price, quality, and technology.

The SVC market is highly regulated, and companies must comply with various safety and performance standards. In addition, the market is highly competitive, and companies must continually invest in research and development to remain competitive. The market is also highly dependent on government policies and regulations, which can affect demand for SVCs and related equipment.

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Global Static Var Compensator and Static Var Generator Market 2018 Industry Trends and Growth Rate, Product & Application Segmentation The Global Static Var Compensator and Static Var Generator Market is the support to grow strongly during the forecast period 2018 to 2023.

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Power Quality Equipment Market Analysis | Key Player profile, Regional Outlook, Size, Share, Trends, Demand by 2030

The major driver for the growth of the power quality equipment market can be attributed to the rapid increase in the demand for the protection systems embedded in the electronic devices. The boom in the alternative energy programs and the standardization in the quality of the power quality are also expected to drive the growth of the power quality equipment market. The working of many end user industries such as electronics, automotive and manufacturing among others are facing problems related to the non-uniform power quality. This has in turn lead to an increased use of the power quality equipment by these end-user industries. However, the growth of this market is expected to be restrained by the high cost of installation of these power quality equipment.    

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Market Research Analysis

The Asia-Pacific region is expected to grow the fastest in the Power quality equipment market owing to the initiatives undertaken for clean energy with the objective of meeting the large scale demand for energy. The region is also offering huge opportunities for foreign direct investments which is in turn leading to the growth of the power quality equipment market in the Asia-pacific region. The increase in investments for the improved infrastructure, majorly in the developing nations of India and China are further expected to contribute to the growth of the power quality equipment market. The growth is further expected to be driven by the huge investments in smart cities which include distribution through smart meters.

Scope of the Report

This study provides an overview of the global Power quality equipment market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Power quality equipment market by its equipment, phase, application and region.

By Equipment

UPS

Static VAR compensator

Power quality meters

Others

By Phase

Single phase

Three phase

By Application

Telecommunications

Energy and utilities

Automotive and industrial

Electronics

Others

By Region

North America

Asia Pacific

Europe

Rest of the World  

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Key Players

The key players of Power quality equipment market are ABB, Ltd. (Switzerland), Active Power, Inc. (U.S.), Eaton Corporation, PLC (Republic of Ireland), Emerson Electric Co. (U.S.), General Electric (U.S.), MTE Corporation (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Smiths Group plc. (U.K.) and Toshiba Corporation (Japan) among others.

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Global Static Var Compensator Research Report 2021 - Industry Size, Share, Demands, Regional Analysis & Estimations Till 2027

The Global Static Var Compensator Market Report, in its latest update, highlights the significant impacts and the recent strategically changes under the present socio-economic scenario. The Static Var Compensator industry growth avenues are deeply supported by exhaustive research by the top analysts of the industry. The report starts with the executive summary, followed by a value chain and marketing channels study. The report then estimates the CAGR and market revenue of the global and regional segments.

Base Year: 2020

Estimated Year: 2021

Forecast Till: 2027

The report classifies the market into different segments based on type and product. These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels. The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.

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A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Static Var Compensator market. The impact is closely studied in terms of production, import, export, and supply.

The report covers the complete competitive landscape of the Worldwide Static Var Compensator market with company profiles of key players such as:

Rongxin Power Electronic Co., Ltd.

ABB Ltd.

Siemens AG

General Electric

Eaton Corp plc

American Electric Power

Hyosung

NR Electric Co. Ltd.

Mitsubishi Electric Corp.

American Superconductor Corp.

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Static Var Compensator Market Analysis by Type:

Thyristor-Based

TCR-FC

TCR-TSC

MCR-Based

Static Var Compensator Market Analysis by Component:

Power Electronic Device

Harmonic Filter

Thyristor

Reactor

Capacitor Bank

GIS Switchgear

Phase Shifting Transformer (PST)

Surge Arrester

Control Protection System

Static Var Compensator Market Analysis by Vertical

Electric Utility

Renewable

Railway

Industrial

Oil & Gas

Wind power grid

Solar Farm

On-Shore

Off-Shore

Steel

Mining

Static Var Compensator Market Analysis by Geography:

North America (USA, Canada, and Mexico)

Europe (Germany, UK, France, Italy, Russia, Spain, Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Australia, South-East Asia, Rest of Asia-Pacific)

Latin America (Brazil, Argentina, Peru, Chile, Rest of Latin America)

The Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa, Rest of the Middle East and Africa)

Key questions answered in the report:

What is the expected growth of the Static Var Compensator market between 2022 to 2027?

Which application and type segment holds the maximum share in the Global Static Var Compensator market?

Which regional Static Var Compensator market shows the highest growth CAGR between 2022 to 2027?

What are the opportunities and challenges currently faced by the Static Var Compensator market?

Who are the leading market players and what are their Strengths, Weakness, Opportunities, and Threats (SWOT)?

What business strategies are the competitors considering to stay in the Static Var Compensator market?

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About Us:

DecisionDatabases.com is a global business research report provider, enriching decision-makers, and strategists with qualitative statistics. DecisionDatabases.com is proficient in providing syndicated research reports, customized research reports, company profiles, and industry databases across multiple domains. Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise, and meaningful data at a lightning speed.

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Air Cooled Cooling Type Segment to Dominate the Turbo Generator Market through 2026 | TechSci Research

Growing energy requirements and surge in number of power plants is expected to drive the demand for global turbo generator market in forecast period.

According to TechSci Research report, “Global Turbo Generator Market By Type (Gas Turbine Generator, Steam Turbine Generator, and Water Turbine Generator), By End User (Coal-fired Power Plant, Gas-fired Power Plant, Nuclear Power Plant, and Others), By Cooling Type (Air Cooled, Hydrogen Cooled, and Water-hydrogen Cooled), By Region, Competition Forecast & Opportunities, 2026”, the global turbo generator market is expected to witness steady growth in the forecast period. A turbo generator is a device that combines the work of a turbine and electric motor and can convert kinetic, chemical, and potential energy into electrical energy.

Turbo generator offers several advantages such as high efficiency and high control response, reliability, and have a longer life. Turbine generators are used for the power generation including the gas turbine generators in gas fired plants, water turbine generators in hydro power plants and others. Growing energy requirements around the globe and the rise in the installations of new power plants which uses turbine generator for energy generation is expected to fuel the demand of turbo generator market. Increase demand for the peak energy source and the subsequent rise in demand of the natural gas is contributing significantly to the market growth.

However, the growing installations of clean energy fuels to curb down pollution levels may restrain the turbo generator market growth.

Browse XX Figures spread through XX Pages and an in-depth TOC on "Global Turbo Generator Market”.

https://www.techsciresearch.com/report/turbo-generator-market/7762.html

Global turbo generator market is segmented into type, end user, cooling type, regional distribution, and company. Based on the end user, the market can be divided into coal-fired power plant, gas-fired power plant, nuclear power plant, and others. The gas-fired power plant segment is expected to account for major market share in the forecast period, 2022-2026. Growing demand for the generation of electricity around the globe owing to its huge applications in different verticals is driving the demand of this segment. The surge in the demand for the peak power source which uses natural gas as a significant fuel and the decline in the price of natural gas is expected to influence the demand of this segment. The gas-fired power plants can be connected with the electric grid instantly without taking much time and therefore finds high demand.

Based on the cooling type, the market can be divided into air cooled, hydrogen cooled, and water-hydrogen cooled. The air-cooled segment is expected to dominate the market in the next five years. High demand from the residential consumers for the consumption of electricity is influencing the growth of this segment. The use of air-cooled turbo generators for different applications including the military, agriculture, and construction industry is expected to create lucrative opportunities for the global turbo generator market growth. Based on the type, the market can be divided into gas turbine generator, steam turbine generator, and water turbine generator. The gas turbine generator is expected to witness growth in the predicted period owing to the growing demand for energy consumption from several industries including power, oil & gas, and large industries.

Alstom S.A., Andritz AG, Ansaldo Energia S.p.A., Ebara Corporation, General Electric Company, Mitsubishi Heavy Industries, Ltd., Siemens AG, Suzlon Energy Ltd., Toshiba Corporation, Dongfang Electric Corporation are the leading players operating in global turbo generator market. Market players are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several turbo generator manufacturers are coming up with their technologically advanced offerings.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7762

Customers can also request for 10% free customization on this report.

“The growing electrification process across the developing countries and the rapid infrastructural developments owing to urbanization and industrialization are influencing the turbo generator market growth. The launch of the projects by the leading authorities promoting access to electricity to reach every sector of society is expected to fuel the market growth for the next five years. Market players are investing huge amounts for the technological up-gradation of the existing system to increase their efficiency and performance which in turn is anticipated to propel the turbo generator market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Turbo Generator Market By Type (Gas Turbine Generator, Steam Turbine Generator, and Water Turbine Generator), By End User (Coal-fired Power Plant, Gas-fired Power Plant, Nuclear Power Plant, and Others), By Cooling Type (Air Cooled, Hydrogen Cooled, and Water-hydrogen Cooled), By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of global turbo generator market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global turbo generator market.

Browse Related Reports:

Global Power Management System Market, By Type (Software, Hardware, Service), By Module (Power Monitoring & Control, Switching & Safety Management, Data Historian, Power Simulator, Generator Controls, Load Shedding & Management, Energy Cost Accounting, Others), By End-Use (Oil & Gas, Marine, Metal & Mining, Utilities, Data Centers and Others), By Region, Competition, Forecast & Opportunities, 2025

https://www.techsciresearch.com/report/global-power-management-system-market/1794.html

Global Power Quality Equipment Market By Equipment (Surge Arresters, Surge Protection Devices, Harmonic Filters, Power Conditioning Units, Power Distribution Units, Uninterruptable Power Supply, Synchronous Condenser, Voltage Regulator, Digital Static Transfer Switch, Static VAR Compensator, Solid Oxide Fuel Cells, Isolation Transformers, Power Quality Meters, Others), By Phase (Single Phase v/s Three Phase), By Application (Industrial & Manufacturing, Commercial, Residential, Transportation, Utilities), By Company, By Region, Forecast & Opportunities, 2026

https://www.techsciresearch.com/report/global-power-quality-equipment-market/2818.html

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Website: https://www.techsciresearch.com/

For More Market Research Blogs Visit: https://techsciblog.com/

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Air Cooled Cooling Type Segment to Dominate the Turbo Generator Market through 2026 | TechSci Research

Growing energy requirements and surge in number of power plants is expected to drive the demand for global turbo generator market in forecast period.

According to TechSci Research report, “Global Turbo Generator Market By Type (Gas Turbine Generator, Steam Turbine Generator, and Water Turbine Generator), By End User (Coal-fired Power Plant, Gas-fired Power Plant, Nuclear Power Plant, and Others), By Cooling Type (Air Cooled, Hydrogen Cooled, and Water-hydrogen Cooled), By Region, Competition Forecast & Opportunities, 2026”, the global turbo generator market is expected to witness steady growth in the forecast period. A turbo generator is a device that combines the work of a turbine and electric motor and can convert kinetic, chemical, and potential energy into electrical energy.

Turbo generator offers several advantages such as high efficiency and high control response, reliability, and have a longer life. Turbine generators are used for the power generation including the gas turbine generators in gas fired plants, water turbine generators in hydro power plants and others. Growing energy requirements around the globe and the rise in the installations of new power plants which uses turbine generator for energy generation is expected to fuel the demand of turbo generator market. Increase demand for the peak energy source and the subsequent rise in demand of the natural gas is contributing significantly to the market growth.

However, the growing installations of clean energy fuels to curb down pollution levels may restrain the turbo generator market growth.

Browse XX Figures spread through XX Pages and an in-depth TOC on "Global Turbo Generator Market”.

https://www.techsciresearch.com/report/turbo-generator-market/7762.html

Global turbo generator market is segmented into type, end user, cooling type, regional distribution, and company. Based on the end user, the market can be divided into coal-fired power plant, gas-fired power plant, nuclear power plant, and others. The gas-fired power plant segment is expected to account for major market share in the forecast period, 2022-2026. Growing demand for the generation of electricity around the globe owing to its huge applications in different verticals is driving the demand of this segment. The surge in the demand for the peak power source which uses natural gas as a significant fuel and the decline in the price of natural gas is expected to influence the demand of this segment. The gas-fired power plants can be connected with the electric grid instantly without taking much time and therefore finds high demand.

Based on the cooling type, the market can be divided into air cooled, hydrogen cooled, and water-hydrogen cooled. The air-cooled segment is expected to dominate the market in the next five years. High demand from the residential consumers for the consumption of electricity is influencing the growth of this segment. The use of air-cooled turbo generators for different applications including the military, agriculture, and construction industry is expected to create lucrative opportunities for the global turbo generator market growth. Based on the type, the market can be divided into gas turbine generator, steam turbine generator, and water turbine generator. The gas turbine generator is expected to witness growth in the predicted period owing to the growing demand for energy consumption from several industries including power, oil & gas, and large industries.

Alstom S.A., Andritz AG, Ansaldo Energia S.p.A., Ebara Corporation, General Electric Company, Mitsubishi Heavy Industries, Ltd., Siemens AG, Suzlon Energy Ltd., Toshiba Corporation, Dongfang Electric Corporation are the leading players operating in global turbo generator market. Market players are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several turbo generator manufacturers are coming up with their technologically advanced offerings.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7762

Customers can also request for 10% free customization on this report.

“The growing electrification process across the developing countries and the rapid infrastructural developments owing to urbanization and industrialization are influencing the turbo generator market growth. The launch of the projects by the leading authorities promoting access to electricity to reach every sector of society is expected to fuel the market growth for the next five years. Market players are investing huge amounts for the technological up-gradation of the existing system to increase their efficiency and performance which in turn is anticipated to propel the turbo generator market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Turbo Generator Market By Type (Gas Turbine Generator, Steam Turbine Generator, and Water Turbine Generator), By End User (Coal-fired Power Plant, Gas-fired Power Plant, Nuclear Power Plant, and Others), By Cooling Type (Air Cooled, Hydrogen Cooled, and Water-hydrogen Cooled), By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of global turbo generator market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global turbo generator market.

Browse Related Reports:

Global Power Management System Market, By Type (Software, Hardware, Service), By Module (Power Monitoring & Control, Switching & Safety Management, Data Historian, Power Simulator, Generator Controls, Load Shedding & Management, Energy Cost Accounting, Others), By End-Use (Oil & Gas, Marine, Metal & Mining, Utilities, Data Centers and Others), By Region, Competition, Forecast & Opportunities, 2025

https://www.techsciresearch.com/report/global-power-management-system-market/1794.html

Global Power Quality Equipment Market By Equipment (Surge Arresters, Surge Protection Devices, Harmonic Filters, Power Conditioning Units, Power Distribution Units, Uninterruptable Power Supply, Synchronous Condenser, Voltage Regulator, Digital Static Transfer Switch, Static VAR Compensator, Solid Oxide Fuel Cells, Isolation Transformers, Power Quality Meters, Others), By Phase (Single Phase v/s Three Phase), By Application (Industrial & Manufacturing, Commercial, Residential, Transportation, Utilities), By Company, By Region, Forecast & Opportunities, 2026

https://www.techsciresearch.com/report/global-power-quality-equipment-market/2818.html

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Website: https://www.techsciresearch.com/

For More Market Research Blogs Visit: https://techsciblog.com/

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Power Quality Equipment Market by Equipment (UPS, Harmonic Filters, Surge Protection Devices, Voltage Regulators, Static VAR compensators, Power Quality Meters), Phase (Single and Three Phase), End User, and Region - Global Forecast to 2026 published on

https://www.sandlerresearch.org/power-quality-equipment-market-by-equipment-ups-harmonic-filters-surge-protection-devices-voltage-regulators-static-var-compensators-power-quality-meters-phase-single-and-three-phase-end-us.html

Power Quality Equipment Market by Equipment (UPS, Harmonic Filters, Surge Protection Devices, Voltage Regulators, Static VAR compensators, Power Quality Meters), Phase (Single and Three Phase), End User, and Region - Global Forecast to 2026

“The power quality equipment market is projected to grow at a CAGR of 7.3% from 2021 to 2026.”     

The power quality equipment market is projected to reach USD 46.1 billion by 2026 from an estimated USD 32.4 billion in 2021, at a CAGR of 7.3% during the forecast period. Enhancing power quality to reduce overall carbon footprint from electrical devices and maximizing cost and energy savings are the main drivers for the power quality equipment market. Increasing adoption of smart grid technologies worldwide and integrating variable renewable energy with power grids are expected to offer lucrative opportunities for the power quality equipment market during the forecast period.  However, high costs of high-end power quality equipment and frequent switching of heavy loads acts as a restraint for the power quality equipment.

“The uninterruptable power supplies segment, by equipment, is expected to be the largest market from 2021 to 2026.”

Based on equipment, the power quality equipment has been segmented into surge arresters, surge protection devices, harmonic filters, power conditioning units, power distribution units, uninterruptable power supplies, synchronous condensers, voltage regulators, digital static transfer switches, static VAR compensators, solid oxide fuel cells, isolation transformers, and power quality meters. The uninterruptable power supplies segment accounted for the largest share of the power quality equipment market in 2020. The uninterruptable power supplies segment is projected to lead the power quality equipment market from 2021 to 2026. These supplies provide stable and reliable power to critical safety-related loads such as emergency lights and medical equipment, reduce or avoid production losses, minimize or eliminate production damage, avoid product or facility damages, and reduce or avoid electricity-using equipment damages.

“The three phase segment,  by phase, is expected to be the largest market from 2021 to 2026.”

The report segments the power quality equipment segment, by phase, is segmented into single phase and three phase. The three phase segment is projected to lead the power quality equipment market from 2020 to 2026. Three-phase power quality equipment are used in utilities, along with industrial and transportation sectors since three phase is commonly used by consumers globally

“Asia Pacific: The fastest growing region in the power quality equipment market.”   

Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia Pacific region has been segmented, by country, China, Japan, India, and the Rest of Asia Pacific (South Korea, Australia, Thailand, Vietnam, and Malaysia).  The power quality equipment market in Asia Pacific is dominated by China and India. The surging demand for electricity and the growing requirement to increase renewable power generation capacity encourage utilities in these countries to invest in transmission and distribution infrastructures. Asia Pacific is expected to invest USD 9.8 billion in developing smart grid infrastructures from 2018 to 2027. In addition, the development of smart grids in countries such as such as China, Japan, South Korea, and India is supported by regulations that either encourage or mandate their development. The growth of the market in this country is driven by the increasing investments in transmission and distribution infrastructures and the growing adoption of renewable energy in China.

“The utilities segment, by end-user, is expected to be the fastest-growing market from 2021 to 2026.”

Based on end user, the power quality equipment market has been segmented into industrial and manufacturing, commercial, utilities, transportation, and residential. The industrial and manufacturing segment is projected to hold the largest market size of the power quality equipment market from 2021 to 2026. The growth of this segment is driven by rise in demand for uninterrupted power supply to machines used in manufacturing and process industries as any interruption or breakdown can result in significant losses due to the loss of production time. Utilities are the key consumer of power quality equipment owing to the fact that the sheer size of electrical networks operated by utilities is larger than the industrial and transportation electric infrastructures

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%

By Designation: C-Level- 30%, D-Level- 25%, and Others- 45%

By Region: Asia Pacific- 33%, North America- 27%, Europe- 20%, Middle East & Africa – 8%, and South America-12%

Note: “Others��� include sales managers, engineers, and regional managers

The tiers of the companies are defined based on their total revenue as of 2019: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3: < USD 500 million

The power quality equipment market is dominated by a few major players that have an extensive regional presence. The leading players in the power quality equipment market are Eaton (Ireland), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), and General Electric (US)

Study Coverage:

The report defines, describes, and forecasts the power quality equipment market, by equipment, end-user, phase, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the power quality equipment market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the power quality equipment market.

Key Benefits of Buying the Report

The report identifies and addresses the key end users for power quality equipment, which would help equipment manufacturers review the growth in demand.

The report helps understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.

The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

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Static Var Compensator and Static Var Generator Market Trends 2021: Updated Business Statistics and Research Methodology

Static Var Compensator and Static Var Generator Market 2021-2026:

The Global Static Var Compensator and Static Var Generator market exhibits comprehensive information that is a valuable source of insightful data for business strategists during the decade 2015-2026. On the basis of historical data, Static Var Compensator and Static Var Generator market report provides key segments and their sub-segments, revenue and demand & supply data. Considering technological breakthroughs of the market Static Var Compensator and Static Var Generator industry is likely to appear as a commendable platform for emerging Static Var Compensator and Static Var Generator market investors.

The complete value chain and downstream and upstream essentials are scrutinized in this report. Essential trends like globalization, growth progress boost fragmentation regulation & ecological concerns. This Market report covers technical data, manufacturing plants analysis, and raw material sources analysis of Static Var Compensator and Static Var Generator Industry as well as explains which product has the highest penetration, their profit margins, and R & D status. The report makes future projections based on the analysis of the subdivision of the market which includes the global market size by product category, end-user application, and various regions.

Get Sample Report: https://www.marketresearchupdate.com/sample/176457

This Static Var Compensator and Static Var Generator Market Report covers the manufacturer’s data, including shipment, price, revenue, gross profit, interview record, business distribution, etc., these data help the consumer know about the competitors better.

Topmost Leading Manufacturer Covered in this report:

ABB, Siemens, Rongxin Power Electronic, Sieyuan Electric, Mitsubishi Electric, Hitachi, Toshiba, S&C Electric, GE, Hangzhou Yinhu Electric, AMSC, Xian XD Power, Weihan, Ingeteam, Hengshun Zhongsheng, Sinexcel, Merus Power, Baoding Sifang Sanyi Electric, Xuji Group Corporation, Zhiguang Electric, Comsys AB, Beijing In-power Electric Co., Ltd, Surpass Sun Electric

Product Segment Analysis:

Static Var Compensator Static Var Generator

Application Segment Analysis:

Renewable Energy Electric Utilities Industrial & Manufacturing Others

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Regional Analysis For Static Var Compensator and Static Var Generator Market

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

The objectives of the report are:

– To analyze and forecast the market size of Static Var Compensator and Static Var Generator Industry in the global market.

– To study the global key players, SWOT analysis, value and global market share for leading players.

– To determine, explain and forecast the market by type, end use, and region.

– To analyze the market potential and advantage, opportunity and challenge, restraints and risks of global key regions.

– To find out significant trends and factors driving or restraining the market growth.

– To analyze the opportunities in the market for stakeholders by identifying the high growth segments.

– To critically analyze each submarket in terms of individual growth trend and their contribution to the market.

– To understand competitive developments such as agreements, expansions, new product launches, and possessions in the market.

– To strategically outline the key players and comprehensively analyze their growth strategies.

View Full Report @ https://www.marketresearchupdate.com/industry-growth/static-var-compensator-and-static-var-generator-industry-176457

At last, the study gives out details about the major challenges that are going to impact market growth. They also report provides comprehensive details about the business opportunities to key stakeholders to grow their business and raise revenues in the precise verticals. The report will aid the company’s existing or intend to join in this market to analyze the various aspects of this domain before investing or expanding their business in the Static Var Compensator and Static Var Generator markets.

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Global Power Quality Equipment Market Research Report: Information by Equipment (Uninterruptable Power Supply, Static VAR Compensator, Power Quality Meters, and Others), Phase (Single Phase and Three Phase), End User (Industrial & Manufacturing, Commercial, Residential, Transportation, and Utilities), and Region (North America, Europe, Asia-Pacific, the Middle East & Africa, and South America)—Forecast till 2025

Power quality equipment are equipment, which are used for regulating power and providing uniform power quality. It helps to ensure a steady supply of voltage within a defined range. Power quality is addressed, typically based on several parameters. Standard parameters such as flicker, current, harmonics, voltage dips, power, voltage, and transients are handled by power quality measurement equipment. These equipment can handle multiple disturbances. Power quality equipment primarily aims to reduce multiple equipment usage in a system. It also supports databases where collection and analysis of the data can be read and stored with no time lags and also measure and analyze data required for a short (monthly basis) period.

The global power quality equipment market size is projected to reach USD 44.37 billion by 2025, with 6.26% CAGR from 2019 to 2025. The major factors driving the growth of the global power quality equipment market include an increase in the demand for power. According to the report published by the National Load Despatch Centre (NLDC), in 2019, hydel power generation rose by 30% to 465 million units a day. Hydel, solar, and wind power generation touched a total of 831 million units, equivalent to 10 GW of power, and registered a near 40% growth. This shows that the demand for power has increased over the years.

Additionally, the global power quality equipment market is projected to grow at a high rate during the forecast period due to the rapid increase in the trends for digitization in the telecommunication industry. According to the World Economic Forum 2017, the Digital Transformation Initiative (DTI) project launched by the World Economic Forum for the telecommunications industry for new opportunities and themes arising from latest developments in the telecommunications industry enabling the fourth industrial revolution. Continuous upgradation of aged grid infrastructure and rapid urbanization and industrialization would create growth opportunities for the global power quality equipment market. This is because industrialization leads to an increase in the demand for power quality equipment in various utilities to ensure regular uninterrupted power supply. However, the high investment cost for installation of power quality equipment, and lack of awareness about the market would hinder the market growth.

Key players in the Power Quality Equipment market such as ABB, Ltd., General Electric Company, Schneider Electric, and Siemens AG are actively focusing on new product launch and expansion to supply power quality equipment, globally. Moreover, in 2018, Schneider Electric announced the world’s most advanced, most accurate power quality and energy meter, the PowerLogic ION9000 series. This newest addition to the PowerLogic portfolio of power and energy meters provides the most complete, most innovative power analysis solution for critical power applications.

The global power quality equipment market has been segmented based on equipment, phase, end user, and region.

Based on equipment, the global market has been segmented into uninterruptable power supply, static var compensator, power quality meters, and others. The uninterruptable power supply segment is projected to dominate the market. The growing demand for primary protection of critical equipment from voltage interruption is driving the market for uninterruptable power supply.

Based on phase, the global power quality equipment market has been divided into single-phase and three-phase. The three-phase segment is expected to dominate the market. This is because it is used in commercial and industrial facilities to accommodate higher loads, and it delivers power at a steady & constant rate.

Based on end user, the global market is segmented into industrial & manufacturing, commercial, residential, transportation, and utilities. The commercial segment is expected to grow at the fastest rate during the forecast period. The Industry 4.0 initiative is being applied to vehicles and electrical machinery to facilitate remote diagnostics, remote maintenance, and remote data capture. Such initiatives have increased the need for data centers, servers, and communication systems. With the increasing use of electronic equipment, the demand for protection systems for such critical equipment has been increasing. This is driving the market for power quality equipment in the commercial segment

The global power quality equipment market is expected to grow at ~6.26% CAGR during the forecast period.

Market Segmentation

On the basis of region, the global power quality equipment market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.

North America is expected to dominate the power quality equipment market during the forecast period. The region has a very old transmission and distribution infrastructure, which creates a need for installing power quality equipment. The government in the region is majorly focusing on restructuring the infrastructure for overcoming the issue of the loss of electricity during transmission and distribution.

Key Players

The key players operating in the global power quality equipment market are ABB, Ltd. (Switzerland), General Electric Company (US), Schneider Electric (France), Siemens AG (Germany), Emerson Electric Company (US), Eaton Corporation, Plc (Ireland), Active Power, Inc. (US), MTE Corporation (US), Smiths Group plc. (UK), and Toshiba Corporation (Japan).

Intended Audience

Power quality equipment manufacturers and dealers

Consulting companies in the energy and power sector

Process industries and power and energy associations

Distributor & supplier companies

End users

Consultants and investment bankers

Government and independent regulatory authorities

[gomarcuskel12]

Static Var Compensator and Static Var Generator Market Status and Trend Analysis 2017-2026 (COVID-19 Version)

Static Var Compensator and Static Var Generator Market Status and Trend Analysis 2017-2026 (COVID-19 Version)/caption]

Due to the pandemic, we have included a special section on the Impact of COVID 19 on the Static Var Compensator and Static Var Generator Market Status and Trend Analysis 2017-2026 (COVID-19 Version) 2020-2026 which would mention How the Covid-19 is Affecting the Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Key Regions and Proposal for Static Var Compensator and Static Var Generator Market Status and Trend Analysis 2017-2026 (COVID-19 Version) Players to battle Covid-19 Impact.

Static Var Compensator and Static Var Generator Market Status and Trend Analysis 2017-2026 (COVID-19 Version) 2020-2026The

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report is one of the most comprehensive and important data about business strategies, qualitative and quantitative analysis of Global Market. It offers detailed research and analysis of key aspects of the Static Var Compensator and Static Var Generator Market Status and Trend Analysis 2017-2026 (COVID-19 Version). The market analysts authoring this report have provided in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the Static Var Compensator and Static Var Generator Market Status and Trend Analysis 2017-2026 (COVID-19 Version).

Top Leading players covered in the Static Var Compensator and Static Var Generator Market Status and Trend Analysis 2017-2026 (COVID-19 Version) report : ABB Siemens Rongxin Power Electronic Sieyuan Electric Mitsubishi Electric Hitachi Toshiba S&C Electric GE Hangzhou Yinhu Electric AMSC Xian XD Power Weihan Ingeteam Hengshun Zhongsheng Sinexcel Merus Power Baoding Sifang Sanyi Electric Xuji Group Corporation Zhiguang Electric Comsys AB Beijing In-power Electric Co., Ltd Surpass Sun Electric​​​​​​​​​​​ and More...

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Market Segment by Type covers: Static Var Compensator Static Var Generator

Market Segment by Application covers: Renewable Energy Electric Utilities Industrial & Manufacturing Others

Our Complimentary Sample Static Var Compensator and Static Var Generator Market Status and Trend Analysis 2017-2026 (COVID-19 Version) Report Accommodate a Brief Introduction of the research report, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology.

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Regions Covered in the Global Static Var Compensator and Static Var Generator Market Status and Trend Analysis 2017-2026 (COVID-19 Version):

• The Middle East and Africa (GCC Countries and Egypt)

• North America (the United States, Mexico, and Canada)

• South America (Brazil etc.)

• Europe (Turkey, Germany, Russia UK, Italy, France, etc.)

• Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

Years Considered to Estimate the Static Var Compensator and Static Var Generator Market Status and Trend Analysis 2017-2026 (COVID-19 Version) Size:

History Year: 2015-2019

Base Year: 2019

Estimated Year: 2020

Forecast Year: 2020-2026

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• Reliable industry value chain and supply chain analysis

• Comprehensive analysis of important growth drivers, restraints, challenges, and growth prospects

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Future Growth Of Static Var Compensator and Static Var Generator Market By New Business Developments, Innovations, And Top Companies – Forecast To 2024

Extensive evaluation of Global Static Var Compensator and Static Var Generator Market,  underscoring product values, growing demand, considerable revenue, and escalating CAGR. The global  Static Var Compensator and Static Var Generator Market 2019  is comprehensively and Insightful information in the report, taking into consideration various factors such as competition, regional growth, segmentation, and Static Var Compensator and Static Var Generator Market size by value and volume. This is an excellent research study specially compiled to provide the latest insights into critical aspects of the Static Var Compensator and Static Var Generator market. The report includes different market forecasts related to market size, production, revenue, consumption, CAGR, gross margin, price, and other key factors. It is prepared with the use of industry-best primary and secondary research methodologies and tools. The study on the Global Static Var Compensator and Static Var Generator Market strives to offer significant and profound insights into the present market scenario and the emerging growth dynamics. The report on Static Var Compensator and Static Var Generator Market also provides the market players as well as the new contenders a complete view of the market landscape. The comprehensive research will enable the well-established as well as the emerging players to establish their business strategies and achieve their short-term and long-term goals. The report also presents a significant evaluation of the scope of the regions and where the key participants might find potential growth opportunities in future. Request Sample of Global Static Var Compensator and Static Var Generator Market @: https://www.acquiremarketresearch.com/sample-request/1815/ Top Companies Covered in the report: ABB, Siemens, Rongxin Power Electronic, Sieyuan Electric, Mitsubishi Electric, Hitachi, Toshiba, S&C Electric, GE, Hangzhou Yinhu Electric, AMSC, Xian XD Power, Weihan, Ingeteam, Hengshun Zhongsheng, Sinexcel, Merus Power, Baoding Sifang Sanyi Electric, Xuji Group Corporation, Zhiguang Electric, Comsys AB, Beijing In-power Electric Co., Ltd, Surpass Sun Electric. By the product type, the market is primarily split into :  Static Var Compensator, Static Var Generator By the end-users/application, this report covers the following segments: Renewable Energy, Electric Utilities, Industrial & Manufacturing, Other The main sources are mainly industry experts in the core and related industries and manufacturers involved in all sectors of the industry supply chain. The bottom-up approach is used to plan the market size of Static Var Compensator and Static Var Generator based on end-user industry and region in terms of value. With the help of data, we support the primary market through the three-dimensional survey procedure and the first interview and data verification through expert telephone, determine the individual market share and size, and confirm with this study. Read Table of Content of Static Var Compensator and Static Var Generator Market at @ https://www.acquiremarketresearch.com/industry-reports/global-static-var-compensator-and-static-var-generator/1815/ Regions covered in the market report: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) The Objective of the Study: To study and forecast the market size of Static Var Compensator and Static Var Generator in Global To analyze the Global key players, SWOT analysis, value and Global Static Var Compensator and Static Var Generator Market share for top players. To identify significant trends and factors driving or constraining the growth of the market. To analyze competitive developments such as extensions, contracts, new product launches, mergers, and acquisitions in the market To strategically analyze each sub-market in regards to the individual growth trends and their influence in the Static Var Compensator and Static Var Generator Market. Some of the major questions are answered: What are the different types of Static Var Compensator and Static Var Generator Market? What are the market trends and major developments patterns equipment’s and products? Who are the key industry pioneers and what is their overall share in the global Static Var Compensator and Static Var Generator Market? What are the multiple used case scenarios considered under various end-users and applications for the market? What are the different sales, marketing, and distribution channels in the global industry? Ask for discounts @ https://www.acquiremarketresearch.com/discount-request/1815/ Our experts and analysts evaluate the vendors in the Static Var Compensator and Static Var Generator market and provide understandings to articulate current and future market trends, innovation, customer expectations and competitive forces. The overviews, SWOT analysis and strategies of each vendor in the market provide understanding about the Static Var Compensator and Static Var Generator market forces and how those can be oppressed to create future opportunities.

[sandlerresearch]

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.

[priyanka16me]

India Statcom Ups Market Forecasts to Set Phenomenal Growth by 2024

Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market forecast now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its demand high during the assessment period, from 2016 to 2024. These UPS systems find extensive application in oil and gas offshore platforms, power transmission over a long distance, automobile industry, and mining industries.

Some of the well-established companies operating in the India STATCOM UPS Market are Bharat Heavy Electricals Limited (BHEL), Power One Micro Systems Pvt. Ltd, Schneider Electric India Pvt. Ltd., ABB India Limited, Mitsubishi Electric India Pvt. Ltd., and General Electric India Ltd.

Transparency Market Research (TMR) has come up with a report on India STATCOM UPS market that delves deeper into the market dynamics and offers a detailed view. Experts at TMR prophesize that the India STATCOM UPS market will register double-digit growth rate of 16% CAGR during the period of assessment, from 2016 to 2024. The market is expected to reach an estimated value of US$ 113.9 mn through 2024.

Increased Industrial Activities to Accentuate Demand in the Market

For the purpose of analysis, the India STATCOM UPS market is split into the principal regions of North India, East India, South India, and West India.

Asia Pacific is one of the rapidly growing regions in the global STATCOM UPS market with India spearheading growth of the market in Asia Pacific. Increased industrial and construction activities demand use of reliable and continuous source of power flow. Given such need, STATCOM UPS comes to rescue offering reliable and constant flow of power. Amongst the regions, it is expected that West India and South India will the country regionally in the India STATCOM UPS market. Such dominance is due to rapid rise in industrial and construction activities in these parts of India.

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Lack of Reliable and Uninterrupted Source of Power Spurs Demand for STATCOM UPS

Transmission grids of present days are changing and getting more complicated and difficult to manage. Utilities across the globe are facing various grid challenges like retirement of thermal plants, aged transmission infrastructure, increased demand for power, augmented utilization of renewable sources for power and strict regulations laid down by governments. These challenges pose considerable threat to the stability of power flow making network operators struggle with stability issues under post fault and fault clearing scenarios. Capitalizing on these threats, India STATCOM UPS market is likely to exhibit considerable growth during the assessment period.

Over the last few years, India has seen a surge in industrial activities leading to augmented demand for power and sustainable techniques of energy management. The growing need for devices offering and keeping control over constant supply of power arises out of increasing demand for constant flow of electricity. STATCOM UPS and SVC UPS are two such popular devices that are utilized all over the country.

Inconsistent supply of power across India has posed threats for many industries, many of which are facing losses due to unavailability of reliable source of power. Voltage fluctuation and  total harmonic distortion adversely affect industrial activities in almost each and every state of India causing delay or total stoppage of operations. This has led to organizations exploring new and innovation solutions that would provide reliable and constant supply of power to ramp up its production capabilities. Demand for such power is likely to amplify growth opportunities for India STATCOM UPS market over the assessment period.

In addition to that, government initiatives like Ujwal Discom Assurance Yojana better operational and financial capacity of power distribution systems that are owned by the state. Such initiatives are likely to fuel expansion of India STATCOM UPS market.

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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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