Flexible AC Transmission (FACT) Systems - Global Strategic Business Report

Flexible AC Transmission (FACT) Systems - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Aug 13, 2014, 228 Pages
US$4,950.00
GIA-MCP1783

Flexible AC Transmission (FACT) Systems - Global Strategic Business Report

This report analyzes the worldwide markets for Flexible AC Transmission (FACT) Systems in US$ Million 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, and Fixed Series Capacitors. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East/Africa, and Latin America. Annual estimates and forecasts are provided for the period 2013 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research.  The report profiles 16 companies including many key and niche players such as -

ABB Ltd.
American Superconductor
Alstom SA
Crompton Greaves Ltd.
Eaton Corporation

More information can be obtained upon the request of sample pages.


TABLE OF CONTENTS

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

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


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Transmission & Distribution Networks - A Rudimentary Overview     II-1
      Power Companies Embracing New Technologies                        II-1
      FACTS - Critical for Efficient Bulk Power Transmission            II-2
       Table 1: Global Electricity Transmission & Distribution
       Losses (2013): Percentage Share Breakdown of Countries by
       Electric Power Transmission and Distribution Losses as a
       Percentage of Output (includes corresponding Graph/Chart)        II-3
       Market Prospects for FACTS Temporarily Hit During 2009:
        Impact of Global Recession in Retrospect                        II-4
       Market Stages Quick Recovery in 2010                             II-5
       Steady Growth Forecast for FACTS Market in 2014 & Beyond         II-5
        Table 2: World Real GDP Growth Rates in % (2012 through
        2015F): Breakdown by Country (includes corresponding
        Graph/Chart)                                                    II-6

        Table 3: World GDP (2013): Percentage Share Breakdown of
        Nominal GDP Value by Country (includes corresponding
        Graph/Chart)                                                    II-7
      Outlook                                                           II-7

  2. NOTEWORTHY GROWTH DRIVERS, TRENDS AND ISSUES                       II-8
      Spiraling Electricity Consumption & Subsequent Need for
       Increasing Electricity Generation & Transmission Creates
        Demand for FACTS                                                II-8
       Opportunity Indicators:                                          II-9
        Table 4: Global Electricity Consumption (2008-2012): Yearly
        Breakdown of Electricity Consumption Volume (in TWh)
        (includes corresponding Graph/Chart)                            II-9

        Table 5: Global Electricity Consumption (2013): Percentage
        Share Breakdown of Electricity Consumption Volume for Select
        Nations (includes corresponding Graph/Chart)                    II-9

        Table 6: Global Electricity Production (2008-2012): Yearly
        Breakdown of Electricity Production Volume (in TWh)
        (includes corresponding Graph/Chart)                            II-10

        Table 7: Global Electricity Production (2013): Percentage
        Share Breakdown of Electricity Production Volume for Select
        Nations (includes corresponding Graph/Chart)                    II-10

        Table 8: World Electricity Accessibility (2013) Percentage
        Share Breakdown of Countries by Access to Electricity as a
        Percentage of Population (includes corresponding
        Graph/Chart)                                                    II-11

        Table 9: Total Population Worldwide by Urban and Rural
        Population in Thousands: 1950-2050P (includes corresponding
        Graph/Chart)                                                    II-12

        Table 10: Total Population Worldwide: Percentage Breakdown
        by Urban and Rural Population for the Years 1950-2050P
        (includes corresponding Graph/Chart)                            II-13

        Table 11: Estimated Percentage of Urbanization in World,
        China and India for the Years 2011 and 2018 (includes
        corresponding Graph/Chart)                                      II-14
       Continued Investments in Traditional Fossil Fuel Based Power
        Projects to Drive Demand for FACTS                              II-14
        Nuclear Power Continues to Find Attention - To Boost Market
         Prospects                                                      II-14
        Opportunity Indicators:                                         II-15
         Table 12: World Market for Nuclear Power Generation (2011 &
         2017): Breakdown of Annual Power Generation in Billion
         Kilowatt-hours (kWh) by Region/Country (includes
         corresponding Graph/Chart)                                     II-15

         Table 13: World Market for Nuclear Power Reactors: Net
         Electrical Capacity by Leading Country (as of Mar 2013)
         (includes corresponding Graph/Chart)                           II-16

         Table 14: Number of Reactors In Operation by Region (as of
         Mar 2013) (includes corresponding Graph/Chart)                 II-16
       Growing Focus on Renewable Energy Based Power Projects Augurs
        Well for Market                                                 II-17
        Opportunity Indicators                                          II-19
         Table 15: Global Electricity Generation: Percentage Share
         Breakdown of Electricity Generated by Energy Source 2012 &
         2030 (includes corresponding Graph/Chart)                      II-19

         Table 16: World Installed Base of Wind Energy (In
         Megawatts) by Geographic Region for Years 2012 & 2017F
         (includes corresponding Graph/Chart)                           II-19

         Table 17: World Solar Panels Market (2011 & 2017):
         Breakdown of Annual Dollar Sales in US$ Million by
         Region/Country (includes corresponding Graph/Chart)            II-20
       Soaring Popularity of Distributed Power Generation Approach
        Powers Growth for FACT Devices                                  II-20
       Widespread Smart Grid Implementation Turbo Charges Growth in
        FACTS Market                                                    II-21
      Energy Sector Deregulation & Implications for FACTS Market - A
       Review                                                           II-22
       Marching from Regulated Monopoly to Deregulation                 II-22
       Rationale Underlying Deregulation                                II-22
       Deregulation: A Double-Edged Knife                               II-23
       Green Power                                                      II-23
       Implications for FACTS in Electric Utilities                     II-23
      Developing Markets to Lend Traction to Market Growth              II-24
       Rural Electrification to Lend Traction in Developing Markets     II-25
        Table 18: Economic Growth (%) Worldwide by Region:
        2011-2014E (includes corresponding Graph/Chart)                 II-25
        Table 19: GDP Growth for Key Developed and Developing
         Countries: 2003-2013 (includes corresponding Graph/Chart)      II-26
      Replacement & Up-gradation of Obsolete Power Systems to Spur
       Demand for Flexible AC Transmission Equipment                    II-26
       Developed Markets - Key Beneficiaries of Strong Replacement
        Demand                                                          II-26
      Increasing Awareness Boosts FACT Equipment Growth                 II-27
      Non-Utility End-User Markets to also Lend Traction to
       Switchgears Market                                               II-28
      Fixed Vs. Variable Compensation Equipment: Price Trends           II-28
      Growing Importance of Variable Compensation Technologies          II-28
      Shift towards Variable Shunt Compensation Equipment               II-29
      Cost Breakdown for FACTS                                          II-29
       Table 20: Percentage Share Breakdown of Costs by Component
       (includes corresponding Graph/Chart)                             II-29
      Technology Advancements & Product Developments to Boost Market
       Prospects                                                        II-30
      Customer Loyalty Building: Imperative for Sustenance              II-30
      Key Market Share Finding                                          II-31
       Table 21: World Power Transmission and Distribution (T&D)
       Market (2013): Percentage Share Breakdown of Revenues of
       Leading Players (includes corresponding Graph/Chart)             II-31

  3. PRODUCT OVERVIEW                                                   II-32
      Flexible Alternating Current Transmission System                  II-32
      FACTS Devices                                                     II-32
       Based on Compensation Type                                       II-32
        Fixed Compensation                                              II-32
        Variable Compensation                                           II-32
       Based on Voltage Type                                            II-33
        High Voltage Devices                                            II-33
        Medium Voltage Devices                                          II-33
       Based on Connection Mode                                         II-33
        Static Volt-Ampere-Reactive Compensators (SVCs)                 II-33
        Synchronous Compensators (STATCOMs)                             II-33
        Series Capacitors                                               II-34
        Shunt Capacitors                                                II-34
        Shunt Reactors                                                  II-34
        Thyristor Controlled Series Compensators (TCSCs)                II-34
        Static Synchronous Series Compensator (SSSC)                    II-34
        Unified Power Flow Controller (UPFC)                            II-34
        Unified Power Quality Conditioner (UPQC)                        II-35
        Methods to Connect FACTS with Power System                      II-35
       Series Compensation                                              II-35
        FACTS for series compensation                                   II-35
         Thyristor Switched Series Capacitor (TSSC)                     II-35
         Thyristor Controlled Series Capacitor (TCSC)                   II-35
         Static Synchronous Series Compensator (SSSC)                   II-36
         Other Series Compensation                                      II-36
       Shunt Compensation                                               II-36
        Shunt Capacitive Compensation                                   II-36
        Shunt Inductive Compensation                                    II-36
        Types of Shunt Compensation                                     II-37
         Mechanically Switched Capacitor                                II-37
         Static VAR Compensator                                         II-37
         Thyristor Controlled Reactor                                   II-37
         Thyristor Switched Capacitor                                   II-37
         Static Synchronous Compensator                                 II-37
      Benefits of FACTS                                                 II-37
       Optimized Transmission System Utilization                        II-38
       Maximize Grid Capacity                                           II-38
       Maximized System Availability and Reliability                    II-38
       Maximized Supply Quality                                         II-38
       Enhanced Grid Stability                                          II-38
       Minimized Impact on Environment                                  II-39
       Maximize Cost-Benefit Ratio                                      II-39
      FACTS Applications                                                II-39
       Steady State Applications                                        II-39
        FACTS Correcting Steady-State Issues                            II-40
       Improve Load Margin                                              II-40
       Improve ATC Value                                                II-40
       Optimizing Power Flow                                            II-40
       Minimize Congestion                                              II-41
       Control Voltage and Reactive Power                               II-41
        Transient and Post Transient State Applications                 II-41
         FACTS Correcting Dynamic Issues                                II-41
       Enhance Transient Stability                                      II-41
       Dynamic Control of Voltage for Contingencies                     II-41
       Dampen Oscillation                                               II-42
       Eliminate Sub-Synchronous Resonance (SSR)                        II-42
        STATCOMs and SVCs Applications                                  II-42
      Limitations of FACTS                                              II-42
      Generations of FACTS                                              II-43
       First Generation of FACTS (SVC)                                  II-43
       First Generation of FACTS (TCSC)                                 II-43
       Second Generation of FACTS (STATCOM)                             II-43
       Third Generation of FACTS (UPFC)                                 II-43

  4. RECENT INDUSTRY ACTIVITY                                           II-44
      ABB Secures Canadian Contract to Reinforce Power Grid             II-44
      ABB Secures Saudi Arabian Contract to Upgrade & Enhance Power
       Grid Reliability                                                 II-44
      Altstom to Supply MVAr Mechanically Switched Capacitors for
       Upgrading Karben Electrical Substation                           II-44
      Alstom Secures Ceming Contract to Upgrade Power Transmission
       Infrastructure in Two Substations in Minas Gerais, Brazil        II-44
      Altstom Secures Hydro-Quebec Contract for Deploying Static Var
       Compensator at Amos, Quebec Based Figuery Substation             II-44
      Mitsubishi Electric Secures Oncor Order to Supply FACTS
       Equipment for Texas Based Brown Switching Station                II-44

  5. FOCUS ON SELECT PLAYERS                                            II-45
      ABB Ltd. (Switzerland)                                            II-45
      American Superconductor (US)                                      II-45
      Alstom SA (France)                                                II-45
      Crompton Greaves Ltd. (India)                                     II-46
      Eaton Corporation (US)                                            II-46
      GE Energy (US)                                                    II-47
      Hyosung Power & Industrial Systems Performance Group (South
       Korea)                                                           II-47
      Mitsubishi Electric Power Products, Inc. (US)                     II-47
      Rongxin Power Electronic Co., Ltd (China)                         II-48
      S&C Electric Company (US)                                         II-48
      Siemens AG (Germany)                                              II-48
      Sieyuan Electric Co., Ltd. (China)                                II-48
      Toshiba Corporation (Japan)                                       II-49
       Toshiba Transmission & Distribution Systems Asia Sdn. Bhd. (
        Malaysia)                                                       II-49

  6. GLOBAL MARKET PERSPECTIVE                                          II-50
      Table 22: World Recent Past, Current & Future Analysis for
      Flexible AC Transmission Systems by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East/Africa and Latin America Markets Independently Analyzed
      with Annual Sales in US$ Million for Years 2013 through 2020
      (includes corresponding Graph/Chart)                              II-50

      Table 23: World Historic Review for Flexible AC Transmission
      Systems by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East/Africa and Latin
      America Markets Independently Analyzed with Annual Sales in
      US$ Million for Years 2006 through 2012 (includes
      corresponding Graph/Chart)                                        II-51

      Table 24: World 15-Year Perspective for Flexible AC
      Transmission Systems by Geographic Region - Percentage
      Breakdown of Dollar Sales for US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East/Africa and Latin
      America Markets for Years 2006, 2014 & 2020 (includes
      corresponding Graph/Chart)                                        II-52

      Table 25: World Recent Past, Current & Future Analysis for
      Variable Compensation Systems by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East/Africa and Latin America Markets Independently Analyzed
      with Annual Sales in US$ Million for Years 2013 through 2020
      (includes corresponding Graph/Chart)                              II-53

      Table 26: World Historic Review for Variable Compensation
      Systems by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East/Africa and Latin
      America Markets Independently Analyzed with Annual Sales in
      US$ Million for Years 2006 through 2012 (includes
      corresponding Graph/Chart)                                        II-54

      Table 27: World 15-Year Perspective for Variable Compensation
      Systems by Geographic Region - Percentage Breakdown of Dollar
      Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
      Japan), Middle East/Africa and Latin America Markets for Years
      2006, 2014 & 2020 (includes corresponding Graph/Chart)            II-55

      Table 28: World Recent Past, Current & Future Analysis for
      Fixed Compensation Systems by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East/Africa and Latin America Markets Independently Analyzed
      with Annual Sales in US$ Million for Years 2013 through 2020
      (includes corresponding Graph/Chart)                              II-56

      Table 29: World Historic Review for Fixed Compensation Systems
      by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East/Africa and Latin America
      Markets Independently Analyzed with Annual Sales in US$
      Million for Years 2006 through 2012 (includes corresponding
      Graph/Chart)                                                      II-57

      Table 30: World 15-Year Perspective for Fixed Compensation
      Systems by Geographic Region - Percentage Breakdown of Dollar
      Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
      Japan), Middle East/Africa and Latin America Markets for Years
      2006, 2014 & 2020 (includes corresponding Graph/Chart)            II-58


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Current & Future Analysis                                       III-1
        Overview of Transmission & Distribution Market in US            III-1
        Aging Power Infrastructure in US Primes Opportunity for
         FACTS Systems                                                  III-2
        Development of Renewable Energy Farms Offers Opportunity on
         a Platter                                                      III-2
         Table 31: U.S Energy Market (2012): Percentage Breakdown of
         Net Energy Generated by Source (includes corresponding
         Graph/Chart)                                                   III-2
        Shift towards Variable Shunt Compensation Equipment             III-3
         Key Statistical Findings                                       III-3
          Table 32: US Variable Compensation Equipment Market
          (2013): Percentage Breakdown of Value Sales by Voltage
          Type for High Voltage and Medium Voltage (includes
          corresponding Graph/Chart)                                    III-3

          Table 33: US Variable Compensation Equipment Market
          (2013): Percentage Breakdown of Value Sales by End-Use
          Segment for Utility and Industrial (includes corresponding
          Graph/Chart)                                                  III-3

          Table 34: US Fixed Compensation Equipment Market (2013):
          Percentage Breakdown of Value Sales by End-Use Segment for
          Utility and Industrial (includes corresponding
          Graph/Chart)                                                  III-4
        US Power Dynamics                                               III-4
         Bottlenecks - Yet to be Tackled                                III-4
        Recent Industry Activity                                        III-5
        Select Players                                                  III-5
      B.Market Analytics                                                III-7
        Table 35: US Recent Past, Current & Future Analysis for
        Flexible AC Transmission Systems 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 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-7

        Table 36: US Historic Review for Flexible AC Transmission
        Systems 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
        2012 (includes corresponding Graph/Chart)                       III-8

        Table 37: US 15-Year Perspective for Flexible AC
        Transmission Systems 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, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-9

  2. CANADA                                                             III-10
      A.Market Analysis                                                 III-10
        Current & Future Analysis                                       III-10
        Recent Industry Acvtivity                                       III-10
      B.Market Analytics                                                III-11
        Table 38: Canadian Recent Past, Current & Future Analysis
        for Flexible AC Transmission Systems 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 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-11

        Table 39: Canadian Historic Review for Flexible AC
        Transmission Systems 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 2012 (includes
        corresponding Graph/Chart)                                      III-12

        Table 40: Canadian 15-Year Perspective for Flexible AC
        Transmission Systems 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, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-13

  3. JAPAN                                                              III-14
      A.Market Analysis                                                 III-14
        Current & Future Analysis                                       III-14
      B.Market Analytics                                                III-14
        Table 41: Japanese Recent Past, Current & Future Analysis
        for Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-14

        Table 42: Japanese Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-15

        Table 43: Japanese 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-16

  4. EUROPE                                                             III-17
      A.Market Analysis                                                 III-17
        Current & Future Analysis                                       III-17
        Euro Debt Crisis Tests FACTS Market in the Region Yet Again
         in 2012 & 2013                                                 III-17
        Improving Eurozone Economic Outlook Favors an Optimistic
         Outlook for the Market in 2014 & Beyond                        III-19
        Continued Focus on Renewable Energy Projects to Sustain
         Demand for FACTS                                               III-20
      B.Market Analytics                                                III-21
        Table 44: European Recent Past, Current & Future Analysis
        for Flexible AC Transmission Systems by Geographic Region -
        France, Germany, Italy, UK, Spain, Russia, Poland, Norway, &
        Rest of Europe Markets Independently Analyzed with Annual
        Sales Figures in US$ Thousands for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-21

        Table 45: European Historic Review for Flexible AC
        Transmission Systems by Geographic Region - France, Germany,
        Italy, UK, Spain, Russia, Poland, Norway, & Rest of Europe
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Thousands for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-22

        Table 46: European 15-Year Perspective for Flexible AC
        Transmission Systems by Geographic Region - Percentage
        Breakdown of Dollar Sales for France, Germany, Italy, UK,
        Spain, Russia, Poland, Norway, & Rest of Europe Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-23

        Table 47: European Recent Past, Current & Future Analysis
        for Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-24

        Table 48: European Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-25

        Table 49: European 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-26

  4a. FRANCE                                                            III-27
      A.Market Analysis                                                 III-27
        Current & Future Analysis                                       III-27
      B.Market Analytics                                                III-28
        Table 50: French Recent Past, Current & Future Analysis for
        Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-28

        Table 51: French Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-29

        Table 52: French 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-30

  4b. GERMANY                                                           III-31
      A.Market Analysis                                                 III-31
        Current & Future Analysis                                       III-31
        Overview                                                        III-31
        Recent Industry Activity                                        III-31
        Siemens Ag - A Key Player                                       III-31
      B.Market Analytics                                                III-32
        Table 53: German Recent Past, Current & Future Analysis for
        Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-32

        Table 54: German Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-33

        Table 55: German 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-34

  4c. ITALY                                                             III-35
       Market Analysis                                                  III-35
        Table 56: Italian Recent Past, Current & Future Analysis for
        Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-35

        Table 57: Italian Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-36

        Table 58: Italian 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-37

  4d. THE UNITED KINGDOM                                                III-38
       Market Analysis                                                  III-38
        Table 59: UK Recent Past, Current & Future Analysis for
        Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-38

        Table 60: UK Historic Review for Flexible AC Transmission
        Systems by Compensation Type - Variable Compensation and
        Fixed Compensation Markets Independently Analyzed with
        Annual Sales Figures in US$ Thousands for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-39

        Table 61: UK 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-40

  4e. SPAIN                                                             III-41
       Market Analysis                                                  III-41
        Table 62: Spanish Recent Past, Current & Future Analysis for
        Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-41

        Table 63: Spanish Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-42

        Table 64: Spanish 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-43

  4f. RUSSIA                                                            III-44
       Market Analysis                                                  III-44
        Table 65: Russian Recent Past, Current & Future Analysis for
        Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-44

        Table 66: Russian Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-45

        Table 67: Russian 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-46

  4g. POLAND                                                            III-47
       Market Analysis                                                  III-47
        Table 68: Polish Recent Past, Current & Future Analysis for
        Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-47

        Table 69: Polish Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-48

        Table 70: Polish 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-49

  4h. NORWAY                                                            III-50
       Market Analysis                                                  III-50
        Table 71: Norwegian Recent Past, Current & Future Analysis
        for Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-50

        Table 72: Norwegian Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-51

        Table 73: Norwegian 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-52

  4i. REST OF EUROPE                                                    III-53
      A.Market Analysis                                                 III-53
        Select Player                                                   III-53
      B.Market Analytics                                                III-54
        Table 74: Rest of European Recent Past, Current & Future
        Analysis for Flexible AC Transmission Systems by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Thousands for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-54

        Table 75: Rest of European Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-55

        Table 76: Rest of European 15-Year Perspective for Flexible
        AC Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-56

  5. ASIA-PACIFIC                                                       III-57
      A.Market Analysis                                                 III-57
        Overview                                                        III-57
      B.Market Analytics                                                III-58
        Table 77: Asia-Pacific Recent Past, Current & Future
        Analysis for Flexible AC Transmission Systems by Geographic
        Region - Australia, China, India, Indonesia, Malaysia and
        Rest of Asia-Pacific Markets Independently Analyzed with
        Annual Sales Figures in US$ Thousands for Years 2013 through
        2020 (includes corresponding Graph/Chart)                       III-58

        Table 78: Asia-Pacific Historic Review for Flexible AC
        Transmission Systems by Geographic Region - Australia,
        China, India, Indonesia, Malaysia and Rest of Asia-Pacific
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Thousands for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-59

        Table 79: Asia-Pacific 15-Year Perspective for Flexible AC
        Transmission Systems by Geographic Region - Percentage
        Breakdown of Dollar Sales for Australia, China, India,
        Indonesia, Malaysia and Rest of Asia-Pacific Markets for
        Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)    III-60

        Table 80: Asia-Pacific Recent Past, Current & Future
        Analysis for Flexible AC Transmission Systems by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Thousands for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-61

        Table 81: Asia-Pacific Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-62

        Table 82: Asia-Pacific 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-63

  5a. AUSTRALIA                                                         III-64
       Market Analysis                                                  III-64
        Table 83: Australian Recent Past, Current & Future Analysis
        for Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-64

        Table 84: Australian Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-65

        Table 85: Australian 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-66

  5b. CHINA                                                             III-67
      A.Market Analysis                                                 III-67
        Expansion of Chinese High-Speed Railway Network: An
         Opportunity for FACTS Deployment                               III-67
      B.Market Analytics                                                III-68
        Table 86: Chinese Recent Past, Current & Future Analysis for
        Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-68

        Table 87: Chinese Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-69

        Table 88: Chinese 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-70

  5c. INDIA                                                             III-71
      A.Market Analysis                                                 III-71
        FACTS Gains Momentum in India                                   III-71
        Rural Electrification Projects: Confer Opportunity for FACTS
         Deployment                                                     III-71
      B.Market Analytics                                                III-72
        Table 89: Indian Recent Past, Current & Future Analysis for
        Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-72

        Table 90: Indian Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-73

        Table 91: Indian 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-74

  5d. INDONESIA                                                         III-75
       Market Analysis                                                  III-75
        Table 92: Indonesian Recent Past, Current & Future Analysis
        for Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-75

        Table 93: Indonesian Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-76

        Table 94: Indonesian 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-77

  5e. MALAYSIA                                                          III-78
       Market Analysis                                                  III-78
        Table 95: Malaysian Recent Past, Current & Future Analysis
        for Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-78

        Table 96: Malaysian Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-79

        Table 97: Malaysian 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-80

  5f. REST OF ASIA-PACIFIC                                              III-81
       Market Analysis                                                  III-81
        Table 98: Rest of Asia-Pacific Recent Past, Current & Future
        Analysis for Flexible AC Transmission Systems by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Thousands for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-81

        Table 99: Rest of Asia-Pacific Historic Review for Flexible
        AC Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-82

        Table 100: Rest of Asia-Pacific 15-Year Perspective for
        Flexible AC Transmission Systems by Compensation Type -
        Percentage Breakdown of Dollar Sales for Variable
        Compensation and Fixed Compensation Markets for Years 2006,
        2014 & 2020 (includes corresponding Graph/Chart)                III-83

  6. MIDDLE EAST/AFRICA                                                 III-84
       Market Analysis                                                  III-84
        Table 101: Middle East/African Recent Past, Current & Future
        Analysis for Flexible AC Transmission Systems by Geographic
        Region - Saudi Arabia, South Africa, UAE and Rest of Middle
        East/Africa Markets Independently Analyzed with Annual Sales
        Figures in US$ Thousands for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-84

        Table 102: Middle East/African Historic Review for Flexible
        AC Transmission Systems by Geographic Region - Saudi Arabia,
        South Africa, UAE and Rest of Middle East/Africa Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-85

        Table 103: Middle East/African 15-Year Perspective for
        Flexible AC Transmission Systems by Geographic Region -
        Percentage Breakdown of Dollar Sales for Saudi Arabia, South
        Africa, UAE and Rest of Middle East/Africa Markets for Years
        2006, 2014 & 2020 (includes corresponding Graph/Chart)          III-86

        Table 104: Middle East/African Recent Past, Current & Future
        Analysis for Flexible AC Transmission Systems by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Thousands for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-87

        Table 105: Middle East/African Historic Review for Flexible
        AC Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-88

        Table 106: Middle East/African 15-Year Perspective for
        Flexible AC Transmission Systems by Compensation Type -
        Percentage Breakdown of Dollar Sales for Variable
        Compensation and Fixed Compensation Markets for Years 2006,
        2014 & 2020 (includes corresponding Graph/Chart)                III-89

  6a. SAUDI ARABIA                                                      III-90
      A.Market Analysis                                                 III-90
        Recent Industry Activity                                        III-90
      B.Market Analytics                                                III-91
        Table 107: Saudi Arabian Recent Past, Current & Future
        Analysis for Flexible AC Transmission Systems by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Thousands for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-91

        Table 108: Saudi Arabian Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-92

        Table 109: Saudi Arabian 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-93

  6b. SOUTH AFRICA                                                      III-94
       Market Analysis                                                  III-94
        Table 110: South African Recent Past, Current & Future
        Analysis for Flexible AC Transmission Systems by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Thousands for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-94

        Table 111: South African Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-95

        Table 112: South African 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-96

  6c. UNITED ARAB EMIRATES                                              III-97
       Market Analysis                                                  III-97
        Table 113: UAE Recent Past, Current & Future Analysis for
        Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-97

        Table 114: UAE Historic Review for Flexible AC Transmission
        Systems by Compensation Type - Variable Compensation and
        Fixed Compensation Markets Independently Analyzed with
        Annual Sales Figures in US$ Thousands for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-98

        Table 115: UAE 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-99

  6d. REST OF MIDDLE EAST/AFRICA                                        III-100
       Market Analysis                                                  III-100
        Table 116: Rest of Middle East/African Recent Past, Current
        & Future Analysis for Flexible AC Transmission Systems by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Thousands for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-100

        Table 117: Rest of Middle East/African Historic Review for
        Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-101

        Table 118: Rest of Middle East/African 15-Year Perspective
        for Flexible AC Transmission Systems by Compensation Type -
        Percentage Breakdown of Dollar Sales for Variable
        Compensation and Fixed Compensation Markets for Years 2006,
        2014 & 2020 (includes corresponding Graph/Chart)                III-102

  7. LATIN AMERICA                                                      III-103
       Market Analysis                                                  III-103
        Table 119: Latin American Recent Past, Current & Future
        Analysis for Flexible AC Transmission Systems by Geographic
        Region - Argentina, Brazil, Mexico, Venezuela, and Rest of
        Latin America Markets Independently Analyzed with Annual
        Sales Figures in US$ Thousands for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-103

        Table 120: Latin American Historic Review for Flexible AC
        Transmission Systems by Geographic Region - Argentina,
        Brazil, Mexico, Venezuela, and Rest of Latin America Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-104

        Table 121: Latin American 15-Year Perspective for Flexible
        AC Transmission Systems by Geographic Region - Percentage
        Breakdown of Dollar Sales for Argentina, Brazil, Mexico,
        Venezuela, and Rest of Latin America Markets for Years 2006,
        2014 & 2020 (includes corresponding Graph/Chart)                III-105

        Table 122: Latin American Recent Past, Current & Future
        Analysis for Flexible AC Transmission Systems by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Thousands for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-106

        Table 123: Latin American Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-107

        Table 124: Latin American 15-Year Perspective for Flexible
        AC Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-108

  7a. ARGENTINA                                                         III-109
       Market Analysis                                                  III-109
        Table 125: Argentine Recent Past, Current & Future Analysis
        for Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-109

        Table 126: Argentine Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-110

        Table 127: Argentine 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-111

  7b. BRAZIL                                                            III-112
      A.Market Analysis                                                 III-112
        Recent Industry Activity                                        III-112
      B.Market Analytics                                                III-113
        Table 128: Brazilian Recent Past, Current & Future Analysis
        for Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-113

        Table 129: Brazilian Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-114

        Table 130: Brazilian 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-115

  7c. MEXICO                                                            III-116
       Market Analysis                                                  III-116
        Table 131: Mexican Recent Past, Current & Future Analysis
        for Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-116

        Table 132: Mexican historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-117

        Table 133: Mexican 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-118

  7d. VENEZUELA                                                         III-119
       Market Analysis                                                  III-119
        Table 134: Venezuelan Recent Past, Current & Future Analysis
        for Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-119

        Table 135: Venezuelan Historic Review for Flexible AC
        Transmission Systems by Compensation Type - Variable
        Compensation and Fixed Compensation Markets Independently
        Analyzed with Annual Sales Figures in US$ Thousands for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-120

        Table 136: Venezuelan 15-Year Perspective for Flexible AC
        Transmission Systems by Compensation Type - Percentage
        Breakdown of Dollar Sales for Variable Compensation and
        Fixed Compensation Markets for Years 2006, 2014 & 2020
        (includes corresponding Graph/Chart)                            III-121

  7e. REST OF LATIN AMERICA                                             III-122
       Market Analysis                                                  III-122
        Table 137: Rest of Latin American Recent Past, Current &
        Future Analysis for Flexible AC Transmission Systems by
        Compensation Type - Variable Compensation and Fixed
        Compensation Markets Independently Analyzed with Annual
        Sales Figures in US$ Thousands for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-122

        Table 138: Rest of Latin American Historic Review for
        Flexible AC Transmission Systems by Compensation Type -
        Variable Compensation and Fixed Compensation Markets
        Independently Analyzed with Annual Sales Figures in US$
        Thousands for Years 2006 through 2012 (includes
        corresponding Graph/Chart)                                      III-123

        Table 139: Rest of Latin American 15-Year Perspective for
        Flexible AC Transmission Systems by Compensation Type -
        Percentage Breakdown of Dollar Sales for Variable
        Compensation and Fixed Compensation Markets for Years 2006,
        2014 & 2020 (includes corresponding Graph/Chart)                III-124


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 16 (including Divisions/Subsidiaries - 28)

     The United States (6)
     Canada (3)
     Japan (1)
     Europe (10)
     - France (2)
     - Germany (2)
     - The United Kingdom (1)
     - Italy (1)
     - Rest of Europe (4)
     Asia-Pacific (Excluding Japan) (7)
     Middle East (1)
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Date of Publication:
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