This report analyzes the worldwide markets for Flexibe AC Transmission Equipment in US$ Millions by the following Compensation Types - Variable Compensation, and Fixed Compensation. The North American market (comprising of United States and Canada) is further analyzed by the following segments: Variable Compensation Equipment - Variable Series Compensation (Thyristor Controlled Series Capacitor (TCSC), & Static Synchronous Series Compensator (SSSC)), Variable Shunt Compensation (Static Synchronous Compensator (STATCOM), Static Var Compensator (SVC), & Synchronous Condenser (SC)), Variable Power Flow Controllers (Unified Power Flow Controller (UPFC), Unified Power Quality Controller (UPQC), & Phase Shifting Transformer (PST)); and Fixed Compensation Equipment  - Fixed Shunt Capacitors, Fixed Shunt Reactors, & Fixed Shunt Reactors. Annual estimates and forecasts are provided for the period 2006 through 2015. The report profiles 14 companies including many key and niche players worldwide such as ABB Ltd., American Superconductor Corporation, Alstom SA, Eaton Corporation, GE Energy, Mitsubishi Electric Power Products, Inc., S&C Electric Company, Siemens Power Transmission and Distribution Group, Trench Group, VA Tech T&D, and Square D. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

TABLE OF CONTENTS

FLEXIBLE AC TRANSMISSION EQUIPMENT 						MCP-1783
A GLOBAL STRATEGIC BUSINESS REPORT


                                           CONTENTS


  I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-3
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3
       Fixed Compensation                                               I-4
       Variable Compensation                                            I-4


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Electricity - The Most Vital Component for World Economy          II-1
      FACTS Market: An Overview                                         II-1
      Current Market Scenario                                           II-2
       Growth Slips Amid a Cooling World Economy                        II-2
       A World Beyond The Recession                                     II-3
      Outlook                                                           II-3
      Key Market Trends & Issues                                        II-3
       Power Market Trends                                              II-3
       Fixed Vs. Variable Compensation Equipment: Price Trends          II-4
       Shift towards Variable Shunt Compensation Equipment              II-4
       Growing Importance of Variable Compensation Technologies         II-5
       New Equipment - Foraying into the Market                         II-5
       Increasing Awareness Boosts FACT Equipment Growth                II-6
       New Technologies to Play a Vital Role in Advanced High
        Voltage Transmission Technology Market                          II-6
       Utility Companies to Invest in New Technologies                  II-7
      Historic Market Share Findings: A Review                          II-8
       Table 1: World Power Transmission and Distribution (T&D)
       Market (2004 & 2006): Market Share Breakdown of Value Sales
       for ABB, Siemens, Areva, Schneider, Toshiba and Others
       (includes corresponding Graph/Chart)                             II-8

  2. PRODUCT OVERVIEW                                                   II-9
      Flexible Alternating Current Transmission System                  II-9
      FACTS Devices                                                     II-9
       Based on Compensation Type                                       II-9
        Fixed Compensation                                              II-9
        Variable Compensation                                           II-9
       Based on Voltage Type                                            II-10
        High Voltage Devices                                            II-10
        Medium Voltage Devices                                          II-10
       Based on Connection Mode                                         II-10
        Static Volt-Ampere-Reactive Compensators (SVCs)                 II-10
        Synchronous Compensators (STATCOMs)                             II-11
        Series Capacitors                                               II-11
        Shunt Capacitors                                                II-11
        Shunt Reactors                                                  II-11
        Thyristor Controlled Series Compensators (TCSCs)                II-11
        Static Synchronous Series Compensator (SSSC)                    II-11
        Unified Power Flow Controller (UPFC)                            II-12
        Unified Power Quality Conditioner (UPQC)                        II-12
      Methods to Connect FACTS with Power System                        II-12
       Series Compensation                                              II-12
        Thyristor Switched Series Capacitor (TSSC)                      II-13
        Thyristor Controlled Series Capacitor (TCSC)                    II-13
        Static Synchronous Series Compensator (SSSC)                    II-13
        Other Series Compensation                                       II-13
       Shunt Compensation                                               II-13
        Shunt Capacitive Compensation                                   II-14
        Shunt Inductive Compensation                                    II-14
       Types of Shunt Compensation                                      II-14
        Mechanically Switched Capacitor                                 II-14
        Static VAR Compensator                                          II-14
        Thyristor Controlled Reactor                                    II-14
        Thyristor Switched Capacitor                                    II-14
        Static synchronous compensator                                  II-15
      Benefits of FACTS                                                 II-15
       Optimized Transmission System Utilization                        II-15
       Maximize Grid Capacity                                           II-15
       Maximized System Availability and Reliability                    II-16
       Maximized Supply Quality                                         II-16
       Enhanced Grid Stability                                          II-16
       Minimized Impact on Environment                                  II-16
       Maximize Cost-Benefit Ratio                                      II-16
      FACTS Applications                                                II-16
       Steady State Applications                                        II-17
        FACTS Correcting Steady-State Issues                            II-17
        Improve Load Margin                                             II-17
        Improve ATC Value                                               II-18
        Optimizing Power Flow                                           II-18
        Minimize Congestion                                             II-18
        Control Voltage and Reactive Power                              II-18
       Transient and Post Transient State Applications                  II-18
        FACTS Correcting Dynamic Issues                                 II-18
        Enhance Transient Stability                                     II-19
        Dynamic Control of Voltage for Contingencies                    II-19
        Dampen Oscillation                                              II-19
        Eliminate Sub-Synchronous Resonance (SSR)                       II-19
       STATCOMs and SVCs Applications                                   II-19
      Limitations of FACTS                                              II-20
      Generations of FACTS                                              II-20
       First Generation of FACTS (SVC)                                  II-20
       First Generation of FACTS (TCSC)                                 II-20
       Second Generation of FACTS (STATCOM)                             II-20
       Third Generation of FACTS (UPFC)                                 II-21
       Recent Development - Convertible Static Compensators             II-21
      FACTS Installations                                               II-21
       TCSC Installations                                               II-21
        Table 2: Major TCSC Installations (1992-2004)                   II-21
       STATCOM Installations                                            II-21
        Table 3: Major STATCOM Installations (1991-2003)                II-21
      New Advancements in FACTS                                         II-22
      Cost Breakdown for FACTS                                          II-22
       Table 4: Percentage Share Breakdown of Costs by Component
       (includes corresponding Graph/Chart)                             II-22

  3. PRODUCT LAUNCHES & DEVELOPMENTS                                    II-23
      ABB Unleashes SVC Light® with Energy Storage                      II-23
      ABB Rolls Out Three-phase Shunt Reactor                           II-23
      Siemens Energy Launches Reactive Power Compensation System        II-23
      American Superconductor Launches SVC Solutions                    II-23
      Eaton Unveils TVSS Power Event Monitor                            II-24
      California Developers Develop New Variable Compensation Circuit   II-24
      BHEL Develops Advanced FACTS to Minimize Transmission Losses      II-24
      BHEL Develops FACTS                                               II-25

  4. RECENT INDUSTRY ACTIVITY                                           II-26
      Alstom Completes Take Over of AREVA Transmission and
       Distribution Business                                            II-26
      KEMA Inks Pact for Electric Transmission Systems                  II-26
      ABB Bags Power Contract from Rio Tinto                            II-26
      Siemens Bags Contract for Inter-Island HVDC Pole 3 Project        II-26
      ABB Wins $16 Million Contract from Persian Gulf Steel Making
       Facility                                                         II-27
      Areva T&D Snaps Up Waltec                                         II-27
      AREVA T&D to Take Over Nokian Capacitors                          II-27
      GE Consumer & Industrial and Areva T&D forms Strategic Alliance   II-28
      American Superconductor Receives Multiple Orders                  II-28
      American Superconductor Receives Order to Deliver SVC Systems     II-28
      American Superconductor Secures Orders for D-VAR® Technology      II-29
      American Superconductor Secures Two Orders for D-VAR Technology   II-29
      Areva T&D Starts New Manufacturing Unit                           II-29
      Siemens Receives Order from Thanet Offshore Wind                  II-29
      Hydro-Quebec Selects ABB to Upgrade Power Transmission Control    II-30
      ABB Secures Contracts for Flexible AC Transmission Systems in
       Steel Plants                                                     II-30
      China Southern Power Grid to Build Yunnan-Guangdong AC Power
       Transmission Plant                                               II-30
      Siemens to Connect Greater Gabbard to the Power Grid              II-31
      American Superconductor Acquires Power Quality Systems            II-31
      American Superconductor Acquires Windtec                          II-32
      Motion Industries Snaps Up Meier Transmission                     II-32
      Eaton Acquires Pulizzi Engineering                                II-32
      MDU Resources Takes Over Lone Mountain                            II-33
      AREVA T&D to Take Over VEI’s Medium Voltage Activities            II-33
      Fenner Takes Over B-LOC                                           II-33
      Eaton Acquires SMC’s Medium-Voltage Industrial Drive Business     II-33
      Abu Dhabi National Energy Acquires CMS Generation Company         II-34
      AREVA T&D Signs Acquisition Agreement with Passoni & Villa        II-34
      AREVA T&D to Set-up a Joint Venture with Russian Company          II-34
      American Superconductor Bags Multi-Million Dollar SVC Order       II-34
      American Superconductor Receives Order for SVC Solutions          II-35
      Power Machines Supplies New Asynchronized Generator for
       Mosenergo Power Plant                                            II-35
      American Superconductor Secures New Orders for D-VAR® Solutions   II-35
      American Superconductor Obtains Several Orders for PQ-SVC
       Solution                                                         II-36
      American Superconductor Secures Two Overseas Orders for D-VAR®
       Technology                                                       II-36
      ABB Bags Order from Brazilian Company                             II-36
      ABB Enters into US$35 Million Contract                            II-36
      American Superconductor to Supply D-VAR® Systems for New West
       Cape Wind Farm                                                   II-37
      American Superconductor Receives Orders from VRB Power Systems    II-37
      American Superconductor Receives Order from Suzlon                II-38
      Siemens to Supply Flexible AC Transmission Systems to CenterPoint II-38
      AREVA T&D Receives Contract from ALCAN                            II-38
      Siemens Handovers New FACTS Installation to SCE                   II-39
      Siemens’ Static Var Compensator Commences Operations in Denmark   II-39
      AREVA to Produce Power Transmission and Distribution Equipment
       in China                                                         II-39
      WBSETC and WBSEDC to Transmit and Distribute Power                II-39
      IDB Approves Financing for State Power Transmission System        II-40
      AREVA Acquires RITZ High Voltage Business                         II-40
      American Superconductor to Supply D-VAR System for Econnect’s
       Wind Farm                                                        II-40
      American Superconductor to Supply D-VAR Systems for Lake
       Bonney Wind Project                                              II-41
      American Superconductor and GE Energy to Supply D-VAR Systems
       to Detroit’s Public Lighting Department                          II-41
      American Superconductor and Tennessee Valley Authority Start
       SuperVAR® Production                                             II-42
      ABB Receives Six Orders to Install FACTS in Steel Plants          II-42
      ABB Receives Orders from Steel Manufacturers                      II-42
      AMSC Receives Multiple New Orders for D-VAR Systems               II-43
      AMSC and GE Energy Supply D-VAR System for Aquila                 II-43
      American Superconductor to Supply DVAR Compensator to Iceland
       Transmission Grid                                                II-43
      American Superconductor to Supply Three DVAR Systems to
       Canadian Mining Facility                                         II-44
      San Francisco Power Grid Employs ABB`s SVC Technology             II-44
      Austin Energy Commissions STATCOM Project                         II-44
      Siemens Power Transmission and Distribution Acquires Trench
       Electric Holding                                                 II-44
      RTE Awards Turnkey FACTS Contract to ABB                          II-45
      Georgia Power Awards Turnkey Contract to Mitsubishi Electric
       Power Products                                                   II-45
      ABB Wins Power Transmission Systems Contract in Australia         II-45
      Powergrid Corporation of India Awards Turnkey Contract to ABB     II-46

  5. FOCUS ON SELECT PLAYERS                                            II-47
      ABB Ltd. (Switzerland)                                            II-47
      American Superconductor Corporation (US)                          II-47
      Alstom SA (France)                                                II-47
      Eaton Corporation (US)                                            II-48
      GE Energy (US)                                                    II-48
      Mitsubishi Electric Power Products, Inc. (US)                     II-48
      S&C Electric Company (US)                                         II-48
      Siemens Power Transmission and Distribution Group (Germany)       II-49
       Trench Group (US)                                                II-49
       VA Tech T&D (Austria)                                            II-49
      Square D (US)                                                     II-49

  6. GLOBAL MARKET PERSPECTIVE                                          II-50
      Table 5: World Recent Past, Current & Future Analysis for
      Flexible AC Transmission Equipment by Geographic Region - US,
      Canada, Europe, Asia-Pacific (including Japan), and Rest of
      World Markets Independently Analyzed with Annual Sales in US$
      Million for Years 2006 through 2015 (includes corresponding
      Graph/Chart)                                                      II-50

      Table 6: World 10-Year Perspective for Flexible AC
      Transmission Equipment by Geographic Region - Percentage
      Breakdown of Value Sales for US, Canada, Europe, Asia-Pacific
      (including Japan), and Rest of World Markets for Years 2006,
      2010 & 2015 (includes corresponding Graph/Chart)                  II-51

      Table 7: World Recent Past, Current & Future Analysis for
      Variable Compensation Equipment by Geographic Region - US,
      Canada, Europe, Asia-Pacific (including Japan), and Rest of
      World Markets Independently Analyzed with Annual Sales in US$
      Million for Years 2006 through 2015 (includes corresponding
      Graph/Chart)                                                      II-52

      Table 8: World 10-Year Perspective for Variable Compensation
      Equipment by Geographic Region - Percentage Breakdown of Value
      Sales for US, Canada, Europe, Asia-Pacific (including Japan),
      and Rest of World Markets for Years 2006, 2010 & 2015
      (includes corresponding Graph/Chart)                              II-53

      Table 9: World Recent Past, Current & Future Analysis for
      Fixed Compensation Equipment by Geographic Region - US,
      Canada, Europe, Asia-Pacific (including Japan), and Rest of
      World Markets Independently Analyzed with Annual Sales in US$
      Million for Years 2006 through 2015 (includes corresponding
      Graph/Chart)                                                      II-54

      Table 10: World 10-Year Perspective for Fixed Compensation
      Equipment by Geographic Region - Percentage Breakdown of Value
      Sales for US, Canada, Europe, Asia-Pacific (including Japan),
      and Rest of World Markets for Years 2006, 2010 & 2015
      (includes corresponding Graph/Chart)                              II-55


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Current & Future Analysis                                       III-1
        US FACTS Market                                                 III-1
         Shift towards Variable Shunt Compensation Equipment            III-1
        US Power Dynamics                                               III-1
        Bottlenecks - Yet to be Tackled                                 III-2
        Flexible AC Transmission Equipment Market Perspective           III-2
         Table 11: US Variable Compensation Equipment Market (2008 &
         2009): Percentage Breakdown of Value Sales by Voltage Type
         for High Voltage and Medium Voltage                            III-2

         Table 12: US Variable Compensation Equipment Market (2008 &
         2009): Percentage Breakdown of Value Sales by End-Use
         Segment for Utility and Industrial                             III-3

         Table 13: US Fixed Compensation Equipment Market (2008 &
         2009): Percentage Breakdown of Value Sales by End-Use
         Segment for Utility and Industrial                             III-3
         FACTS Installations in the US                                  III-3
        Product Launches & Developments                                 III-3
        Strategic Developments                                          III-4
        Select Players                                                  III-12
      B.Market Analytics                                                III-15
        Table 14: US Recent Past, Current & Future Analysis for
        Flexible AC Transmission Equipment by Compensation Type -
        Variable Compensation (Variable Series Compensation
        (Thyristor Controlled Series Capacitor, Static Synchronous
        Series Compensator), Variable Shunt Compensation (Static
        Synchronous Compensator, Static Var Compensator, Synchronous
        Condenser), Variable Power Flow Controllers (Unified Power
        Flow Controller, Unified Power Quality Controller, Phase
        Shifting Transformer) and Fixed Compensation (Fixed Shunt
        Capacitors, Fixed Shunt Reactors, Fixed Series Capacitors)
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2006 through 2015 (includes
        corresponding Graph/Chart)                                      III-15

        Table 15: US 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation
        (Variable Series Compensation (Thyristor Controlled Series
        Capacitor, Static Synchronous Series Compensator), Variable
        Shunt Compensation (Static Synchronous Compensator, Static
        Var Compensator, Synchronous Condenser), Variable Power Flow
        Controllers (Unified Power Flow Controller, Unified Power
        Quality Controller, Phase Shifting Transformer) and Fixed
        Compensation (Fixed Shunt Capacitors, Fixed Shunt Reactors,
        Fixed Series Capacitors) Markets for Years 2006, 2010 & 2015
        (includes corresponding Graph/Chart)                            III-16

  2. CANADA                                                             III-17
      A.Market Analysis                                                 III-17
        Current & Future Analysis                                       III-17
        Strategic Developments                                          III-17
      B.Market Analytics                                                III-19
        Table 16: Canadian Recent Past, Current & Future Analysis
        for Flexible AC Transmission Equipment by Compensation Type
        - Variable Compensation (Variable Series Compensation
        (Thyristor Controlled Series Capacitor, Static Synchronous
        Series Compensator), Variable Shunt Compensation (Static
        Synchronous Compensator, Static Var Compensator, Synchronous
        Condenser), Variable Power Flow Controllers (Unified Power
        Flow Controller, Unified Power Quality Controller, Phase
        Shifting Transformer) and Fixed Compensation (Fixed Shunt
        Capacitors, Fixed Shunt Reactors, Fixed Series Capacitors)
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Thousands for Years 2006 through 2015 (includes
        corresponding Graph/Chart)                                      III-19

        Table 17: Canadian 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation
        (Variable Series Compensation (Thyristor Controlled Series
        Capacitor, Static Synchronous Series Compensator), Variable
        Shunt Compensation (Static Synchronous Compensator, Static
        Var Compensator, Synchronous Condenser), Variable Power Flow
        Controllers (Unified Power Flow Controller, Unified Power
        Quality Controller, Phase Shifting Transformer) and Fixed
        Compensation (Fixed Shunt Capacitors, Fixed Shunt Reactors,
        Fixed Series Capacitors) Markets for Years 2006, 2010 & 2015
        (includes corresponding Graph/Chart)                            III-20

  3. JAPAN                                                              III-21
       Market Analysis                                                  III-21
        Table 18: Japanese Recent Past, Current & Future Analysis
        for Flexible AC Transmission Equipment by Compensation Type
        - Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-21

        Table 19: Japanese 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-21

  4. EUROPE                                                             III-22
      A.Market Analysis                                                 III-22
        Current & Future Analysis                                       III-22
        European Transmission & Distribution Market                     III-22
         Table 20: Number of Transmission and Distribution
         Substations in Europe (2006) (includes corresponding
         Graph/Chart)                                                   III-22

         Table 21: Transmission and Distribution Lines in Europe in
         Kilometers (2006) (includes corresponding Graph/Chart)         III-23
      B.Market Analytics                                                III-24
        Table 22: European Recent Past, Current & Future Analysis
        for Flexible AC Transmission Equipment by Geographic Region
        - France, Germany, Italy, UK, Spain, Russia, Poland, Norway,
        & Rest of Europe Markets Independently Analyzed with Annual
        Sales Figures in US$ Million for Years 2006 through 2015
        (includes corresponding Graph/Chart)                            III-24

        Table 23: European Recent Past, Current & Future Analysis
        for Flexible AC Transmission Equipment by Compensation Type
        - Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-25

        Table 24: European 10-Year Perspective for Flexible AC
        Transmission Equipment by Geographic Region - Percentage
        Breakdown of Dollar Sales for France, Germany, Italy, UK,
        Spain, Russia, Poland, Norway, & Rest of Europe Markets for
        Years 2006, 2010 & 2015 (includes corresponding Graph/Chart)    III-26

        Table 25: European 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-26

  4a. FRANCE                                                            III-27
      A.Market Analysis                                                 III-27
        Strategic Developments                                          III-27
        Alstom SA - A Key Player                                        III-27
      B.Market Analytics                                                III-28
        Table 26: French Recent Past, Current & Future Analysis for
        Flexible AC Transmission Equipment by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-28

        Table 27: French 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-28

  4b. GERMANY                                                           III-29
      A.Market Analysis                                                 III-29
        Product Launches                                                III-29
        Siemens Power Transmission and Distribution Group - A Key
         Player                                                         III-29
      B.Market Analytics                                                III-30
        Table 28: German Recent Past, Current & Future Analysis for
        Flexible AC Transmission Equipment by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-30

        Table 29: German 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-30

  4c. ITALY                                                             III-31
      A.Market Analysis                                                 III-31
        Strategic Developments                                          III-31
      B.Market Analytics                                                III-32
        Table 30: Italian Recent Past, Current & Future Analysis for
        Flexible AC Transmission Equipment by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-32

        Table 31: Italian 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-32

  4d. UNITED KINGDOM                                                    III-33
      A.Market Analysis                                                 III-33
        Strategic Developments                                          III-33
      B.Market Analytics                                                III-35
        Table 32: UK Recent Past, Current & Future Analysis for
        Flexible AC Transmission Equipment by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-35

        Table 33: UK 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-35

  4e. SPAIN                                                             III-36
       Market Analysis                                                  III-36
        Table 34: Spanish Recent Past, Current & Future Analysis for
        Flexible AC Transmission Equipment by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-36

        Table 35: Spanish 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-36

  4f. RUSSIA                                                            III-37
      A.Market Analysis                                                 III-37
        Strategic Developments                                          III-37
      B.Market Analytics                                                III-38
        Table 36: Russian Recent Past, Current & Future Analysis for
        Flexible AC Transmission Equipment by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-38

        Table 37: Russian 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-38

  4g. POLAND                                                            III-39
       Market Analysis                                                  III-39
        Table 38: Polish Recent Past, Current & Future Analysis for
        Flexible AC Transmission Equipment by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-39

        Table 39: Polish 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-39

  4h. NORWAY                                                            III-40
      A.Market Analysis                                                 III-40
        Strategic Development                                           III-40
      B.Market Analytics                                                III-41
        Table 40: Norwegian Recent Past, Current & Future Analysis
        for Flexible AC Transmission Equipment by Compensation Type
        - Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-41

        Table 41: Norwegian 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-41

  4i. REST OF EUROPE                                                    III-42
      A.Market Analysis                                                 III-42
        Product Launch                                                  III-42
        Strategic Developments                                          III-42
        Select Players                                                  III-46
      B.Market Analytics                                                III-47
        Table 42: Rest of European Recent Past, Current & Future
        Analysis for Flexible AC Transmission Equipment by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Million for Years 2006 through 2015
        (includes corresponding Graph/Chart)                            III-47

        Table 43: Rest of European 10-Year Perspective for Flexible
        AC Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-47

  5. ASIA-PACIFIC                                                       III-48
       Market Analysis                                                  III-48
        Table 44: Asia-Pacific Recent Past, Current & Future
        Analysis for Flexible AC Transmission Equipment by
        Geographic Region - China, India, Malaysia, Indonesia,
        Australia, and Rest of Asia-Pacific Markets Independently
        Analyzed with Annual Sales Figures in US$ Million for Years
        2006 through 2015 (includes corresponding Graph/Chart)          III-48

        Table 45: Asia-Pacific Recent Past, Current & Future
        Analysis for Flexible AC Transmission Equipment by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Million for Years 2006 through 2015
        (includes corresponding Graph/Chart)                            III-49

        Table 46: Asia-Pacific 10-Year Perspective for Flexible AC
        Transmission Equipment by Geographic Region - Percentage
        Breakdown of Dollar Sales for China, India, Malaysia,
        Indonesia, Australia, and Rest of Asia-Pacific Markets for
        Years 2006, 2010 & 2015 (includes corresponding Graph/Chart)    III-50

        Table 47: Asia-Pacific 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-50

  5a. CHINA                                                             III-51
      A.Market Analysis                                                 III-51
        Product Launch                                                  III-51
        Strategic Developments                                          III-51
      B.Market Analytics                                                III-52
        Table 48: Chinese Recent Past, Current & Future Analysis for
        Flexible AC Transmission Equipment by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-52

        Table 49: Chinese 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-52

  5b. INDIA                                                             III-53
      A.Market Analysis                                                 III-53
        FACTS Gains Momentum in India                                   III-53
        India Transmission & Distribution Market                        III-53
         Table 50: Indian Transmission & Distribution Market (2006):
         Percentage Breakdown of Revenues by Leading Players for
         ABB, Areva Siemens, BHEL, CGL, and Others (includes
         corresponding Graph/Chart)                                     III-53
        Product Developments                                            III-54
        Strategic Developments                                          III-54
      B.Market Analytics                                                III-56
        Table 51: Indian Recent Past, Current & Future Analysis for
        Flexible AC Transmission Equipment by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-56

        Table 52: Indian 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-56

  5c. MALAYSIA                                                          III-57
       Market Analysis                                                  III-57
        Table 53: Malaysian Recent Past, Current & Future Analysis
        for Flexible AC Transmission Equipment by Compensation Type
        - Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-57

        Table 54: Malaysian 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-57

  5d. INDONESIA                                                         III-58
       Market Analysis                                                  III-58
        Table 55: Indonesian Recent Past, Current & Future Analysis
        for Flexible AC Transmission Equipment by Compensation Type
        - Variable Compensation and  Fixed Compensation Markets
        Independently Analyzed  with Annual Sales Figures in US$
        Million for Years  2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-58

        Table 56: Indonesian 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-58

  5e. AUSTRALIA                                                         III-59
      A.Market Analysis                                                 III-59
        Strategic Developments                                          III-59
      B.Market Analytics                                                III-61
        Table 57: Australian Recent Past, Current & Future Analysis
        for Flexible AC Transmission Equipment by Compensation Type
        - Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-61

        Table 58: Australian 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-61

  5f. REST OF ASIA-PACIFIC                                              III-62
      A.Market Analysis                                                 III-62
        Strategic Development                                           III-62
      B.Market Analytics                                                III-63
        Table 59: Rest of Asia-Pacific Recent Past, Current & Future
        Analysis for Flexible AC Transmission Equipment by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Million for Years 2006 through 2015
        (includes corresponding Graph/Chart)                            III-63

        Table 60: Rest of Asia-Pacific 10-Year Perspective for
        Flexible AC Transmission Equipment by Compensation Type -
        Percentage Breakdown of Dollar Sales for Variable
        Compensation and Fixed Compensation Markets for Years 2006,
        2010 & 2015                                                     III-63

  6. MIDDLE EAST/AFRICA                                                 III-64
      A.Market Analysis                                                 III-64
        Strategic Development                                           III-64
      B.Market Analytics                                                III-65
        Table 61: Middle East/African Recent Past, Current & Future
        Analysis for Flexible AC Transmission Equipment by
        Geographic Region - Saudi Arabia, UAE, South Africa, and
        Rest of Middle East/Africa Markets Independently Analyzed
        with Annual Sales Figures in US$ Million for Years 2006
        through 2015 (includes corresponding Graph/Chart)               III-65

        Table 62: Middle East/African Recent Past, Current & Future
        Analysis for Flexible AC Transmission Equipment by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Million for Years 2006 through 2015
        (includes corresponding Graph/Chart)                            III-66

        Table 63: Middle East/African 10-Year Perspective for
        Flexible AC Transmission Equipment by Geographic Region -
        Percentage Breakdown of Dollar Sales for Saudi Arabia, UAE,
        South Africa, and Rest of Middle East/Africa Markets for
        Years 2006, 2010 & 2015 (includes corresponding Graph/Chart)    III-67

        Table 64: Middle East/African 10-Year Perspective for
        Flexible AC Transmission Equipment by Compensation Type -
        Percentage Breakdown of Dollar Sales for Variable
        Compensation and Fixed Compensation Markets for Years 2006,
        2010 & 2015                                                     III-67

  6a. SAUDI ARABIA                                                      III-68
       Market Analysis                                                  III-68
        Table 65: Saudi Arabian Recent Past, Current & Future
        Analysis for Flexible AC Transmission Equipment by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Million for Years 2006 through 2015
        (includes corresponding Graph/Chart)                            III-68

        Table 66: Saudi Arabian 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-68

  6b. UNITED ARAB EMIRATES                                              III-69
      A.Market Analysis                                                 III-69
        Strategic Development                                           III-69
      B.Market Analytics                                                III-70
        Table 67: UAE Recent Past, Current & Future Analysis for
        Flexible AC Transmission Equipment by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-70

        Table 68: UAE 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-70

  6c. SOUTH AFRICA                                                      III-71
       Market Analysis                                                  III-71
        Table 69: South African Recent Past, Current & Future
        Analysis for Flexible AC Transmission Equipment by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Million for Years 2006 through 2015
        (includes corresponding Graph/Chart)                            III-71

        Table 70: South African 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-71

  6d. REST OF MIDDLE EAST/AFRICAN                                       III-72
       Market Analysis                                                  III-72
        Table 71: Rest of Middle East/African Recent Past, Current &
        Future Analysis for Flexible AC Transmission Equipment by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Million for Years 2006 through 2015
        (includes corresponding Graph/Chart)                            III-72

        Table 72: Rest of Middle East/African 10-Year Perspective
        for Flexible AC Transmission Equipment by Compensation Type
        - Percentage Breakdown of Dollar Sales for Variable
        Compensation and Fixed Compensation Markets for Years 2006,
        2010 & 2015                                                     III-72

  7. LATIN AMERICA                                                      III-73
       Market Analysis                                                  III-73
        Table 73: Latin American Recent Past, Current & Future
        Analysis for Flexible AC Transmission Equipment by
        Geographic Region - Argentina, Brazil, Mexico, Venezuela,
        and Rest of Latin America Markets Independently Analyzed
        with Annual Sales Figures in US$ Million for Years 2006
        through 2015 (includes corresponding Graph/Chart)               III-73

        Table 74: Latin American Recent Past, Current & Future
        Analysis for Flexible AC Transmission Equipment by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Million for Years 2006 through 2015
        (includes corresponding Graph/Chart)                            III-74

        Table 75: Latin American 10-Year Perspective for Flexible AC
        Transmission Equipment by Geographic Region - Percentage
        Breakdown of Dollar Sales for Argentina, Brazil, Mexico,
        Venezuela, and Rest of Latin America Markets for Years 2006,
        2010 & 2015 (includes corresponding Graph/Chart)                III-75

        Table 76: Latin American 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-75

  7a. ARGENTINA                                                         III-76
       Market Analysis                                                  III-76
        Table 77: Argentine Recent Past, Current & Future Analysis
        for Flexible AC Transmission Equipment by Compensation Type
        - Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-76

        Table 78: Argentine 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-76

  7b. BRAZIL                                                            III-77
      A.Market Analysis                                                 III-77
        Strategic Developments                                          III-77
      B.Market Analytics                                                III-78
        Table 79: Brazilian Recent Past, Current & Future Analysis
        for Flexible AC Transmission Equipment by Compensation Type
        - Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-78

        Table 80: Brazilian 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-78

  7c. MEXICO                                                            III-79
       Market Analysis                                                  III-79
        Table 81: Mexican Recent Past, Current & Future Analysis for
        Flexible AC Transmission Equipment by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-79

        Table 82: Mexican 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-79

  7d. VENEZUELA                                                         III-80
       Market Analysis                                                  III-80
        Table 83: Venezuelan Recent Past, Current & Future Analysis
        for Flexible AC Transmission Equipment by Compensation Type
        - Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2006 through 2015 (includes corresponding
        Graph/Chart)                                                    III-80

        Table 84: Venezuelan 10-Year Perspective for Flexible AC
        Transmission Equipment by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2010 & 2015          III-80

  7e. REST OF LATIN AMERICA                                             III-81
       Market Analysis                                                  III-81
        Table 85: Rest of Latin American Recent Past, Current &
        Future Analysis for Flexible AC Transmission Equipment by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Million for Years 2006 through 2015
        (includes corresponding Graph/Chart)                            III-81

        Table 86: Rest of Latin American 10-Year Perspective for
        Flexible AC Transmission Equipment by Compensation Type -
        Percentage Breakdown of Dollar Sales for Variable
        Compensation and Fixed Compensation Markets for Years 2006,
        2010 & 2015                                                     III-81


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 14 (including Divisions/Subsidiaries - 22)

     ------------------------------------------
     Region/Country                     Players
     ------------------------------------------
     The United States                     5
     Canada                                2
     Europe                                9
      France                               1
      Germany                              1
      The United Kingdom                   1
      Italy                                1
      Rest of Europe                       5
     Asia-Pacific (Excluding Japan)        6
     ------------------------------------------