Flexible AC Transmission System Market by Compensation, Component, Application & Industry Vertical - Global Forecast & Analysis 2013-2018

Flexible AC Transmission System Market by Compensation, Component, Application & Industry Vertical - Global Forecast & Analysis 2013-2018

M&M, Date of Publication: Sep 1, 2013, 221 Pages
US$4,650.00
MA-SE2099

Flexible AC Transmission System (FACTS) Market by Compensation (Shunt, Series, Combined), Component (Thyristors, Capacitor Banks, Reactors), Application, Industry Vertical (Electric Utilities, Steel, Mining), Global Forecast & Analysis (2013 - 2018)

Flexible AC Transmission System (FACTS) consists of power electronics and other static components and; it is used to enhance the controllability, flexibility and power transfer ability of a power transmission network. The ever increasing requirement of high power supply quality and high network reliability for applications such as electric utilities, steel industry and mining is expected to drive the global demand of FACTS devices from 2013 to 2018. In addition, the upgradation and replacement of power infrastructure in developed economies such as Americas and Europe, and the power capacity addition in developing regions such as APAC and ROW are also expected to play a crucial role in the growth of FACTS market.

The global Flexible AC Transmission System market can be majorly divided into three compensation types, namely shunt, series, combined series, and shunt connected. Shunt compensation consists of two devices: Static Var Compensator (SVC) and Static Synchronous Compensator (STATCOM); Series compensation is made up of Fixed Series Capacitor (FSC) and Thyristor Controlled Series Capacitor (TCSC); and combined series and shunt connected compensation consists of Unified Power Flow Controller (UPFC) and Interline Power Flow controller (IPFC).

This report also focuses on the components used in FACTS devices, such as power electronic devices, thyristors, reactors, capacitor banks, switchgear, protection and control systems,and so on. Steady state applications and dynamic applications of Flexible AC Transmission System devices such as voltage control, power flow balancing, transient stability, voltage stability, power oscillations damping, and sub synchronous resonance mitigation are also discussed in the report.

The Flexible AC Transmission System market is also analyzed on the basis of end user applications that include electric utilities, steel industry, mining, and others (wind power, railways). The global market by geography is segmented by various geographic regions such as Americas, Europe, APAC and ROW. The regional market has also been segmented by different countries. Each of the mentioned regions is further segmented by compensation type and industry verticals. Apart from market segmentation, the report also includes the cost and performance analysis of various FACTS devices such as SVC, STATCOM, FSC, and TCSC.

In this report, the in-depthanalysis of global market by enveloping all major market segments with complete qualitative analysis at each and every aspect,is given, for the forecast period from 2013 to 2018. This report also examines the market dynamics of FACTS market through five headings: drivers, restraints, opportunities, burning issues and winning imperatives. The detailed Porter’s five force analysis for the global market is also given in the report,which gives the understanding of all the contributing factors that affect the market; and their impact on its growth.

The ‘company profiles’ of all the major players in the Flexible AC Transmission System market are added in the report to give a broader picture of the competition scenario in this market. The report also includes a competitive landscape segment that covers all key growth strategies of major players in the market such as ABB (Switzerland), Alstom (France), Siemens (Germany), Mitsubishi Electric (Japan), General Electric (U.S.), American Superconductor Corporation (U.S.), and Toshiba (Japan) among many others. The Competitive landscape includes market share analysis, mergers and acquisitions, partnerships, new product developments, and the key growth strategies of each player.

Some of the Major Key Points Include:

  • The overall FACTS market is projected to reach $1,386.01 million by 2018 from the $912.85 million that it accounted for in 2012, at a CAGR of 7.23% from 2013 to 2018.
  • Static VAR Compensator (SVC) is the most widely used solution in the global market, followed by theFixed Series Capacitors(FSC); whereas devices such as STATCOM, UPFC and IPFC are customized solutions made for special requirements of the power grids.
  • Stringent government and environmental regulations regarding clean energy generation and transmission play a crucial role in the adoption of FACTS equipment, worldwide.
  • In developed economies like North America and Europe, the major driving factors that surge the demand of FACTS include upgrading and replacing of aging power infrastructure, and integration of renewable sources in power grids.
  • Electric utilities and steel & mining industry are the most prominent application areas of this devices. Among all the applications, electric utilities accounted for more than 70% of the overall market in 2013; and are forecast to grow at a CAGR of 7.38% from 2013 to 2018.
  • The growing integration of renewable sources like wind power in power grids, is expected to surge the demand of FACTS in different geographies (especially, in Europe).
  • In developing regions such as APAC and ROW, the major driving factor for the growth of FACTS devices includes power capacity addition in existing transmission network to fulfill the electricity demands of the electric utilities and industrial applications.
  • APAC is the emerging market with a CAGR of 8.87% from 2013-2018; and it is expected to overcome the Americas in terms of the market revenue in 2018. China, Australia and India are the fastest growing countries in APAC region.


TABLE OF CONTENTS

1 Introduction (Page No. - 23)
  1.1 Key Take-Away
  1.2 Report Description
  1.3 Markets Covered
  1.4 Stakeholders
  1.5 Research Methodology
      1.5.1 Market Size Estimation
      1.5.2 Market Crackdown and Data Triangulation
      1.5.3 Key Data Points Taken From Secondary Sources
      1.5.4 Key Data Points Taken From Primary Sources
      1.5.5 Assumptions Made For This Report
      1.5.6 List of Companies Covered During Study

2 Executive Summary (Page No. - 42)

3 Cover Story: Electranix Corporation (Page No. - 46)

4 Market Overview (Page No. - 49)
  4.1 Introduction
  4.2 Market Definition
  4.3 History & Evolution
      4.3.1 Generation of Flexible AC Transmission System Technology
            4.3.1.1 First Generation
            4.3.1.2 Second Generation
            4.3.1.3 Third Generation
            4.3.1.4 Fourth Generation
  4.4 Market Dynamics
      4.4.1 Market Drivers
            4.4.1.1 Power Quality and Network Reliability Requirements
            4.4.1.2 Upgradation and Replacement of Aging Power Infrastructure In Developed Geographical Regions
            4.4.1.3 Increasing Efficiency and Environmental Regulations
            4.4.1.4 High Cost Involvement in Building New Overhead Transmission Lines
      4.4.2 Market Restraints
            4.4.2.1 Steep Initial Investment Cost for Facts Installation
            4.4.2.2 Lack of Awareness
      4.4.3 Market Opportunities
            4.4.3.1 Smart Grid
            4.4.3.2 Integration of Renewable Sources Such As Wind Power in Power Generation Is Expected To Trigger the Growth of Facts Devices in Europe
  4.5 Burning Issues
      4.5.1 Issues Related to the FACTS Devices
  4.6 Winning Imperatives
      4.6.1 Developments/Advancements in Power Electronics
  4.7 Value Chain Analysis of Facts
  4.8 Porter’s Five Forces Model
      4.8.1 Degree of Competition
      4.8.2 Bargaining Power of Buyers
      4.8.3 Bargaining Power of Suppliers
      4.8.4 Threat from Substitutes
      4.8.5 Threat from New Entrants

5 Market By Compensation Type (Page No. - 79)
  5.1 Introduction
      5.1.1 Technologies Used In Facts
            5.1.1.1 Current-Source Converters (CSC)
            5.1.1.2 Voltage-Source Converters (VSC) Such As Statcom Offers More Flexibility Over Svcs and Have A Bright Future In The Global Facts Market
      5.1.2 Shunt Compensation Devices Holds the Largest Market Share in the Overall Facts Market
      5.1.3 Major Applications of Different Types of Facts Devices
  5.2 Cost and Performance Analysis Of Facts Devices
      5.2.1 Financial Benefits Offered By Facts Devices Such As Increased Sales Overweigh the High Input Cost Involved With These Devices
  5.3 Shunt Compensation
      5.3.1 Static Synchronous Compensator (Statcom)
            5.3.1.1 Mining Is Expected To Be the Fastest Growing Application of Statcom During The Forecast Period Of 2013 To 2018
      5.3.2 Static Var Compensator (SVC)
            5.3.2.1 Svc Is the Most Widely Used Facts Device and It Is Expected To Remain the Market Leader From 2013 To 2018
            5.3.2.2 APAC and ROW Are Expected To Be the Fastest Growing Potential Markets for Svcs
      5.3.3 Comparison Between Svc and Statcom
  5.4 Series Compensation
      5.4.1 Fixed Series Capacitor Is the Major Shareholder in The Series Compensation Market
      5.4.2 Fixed Series Capacitor (FSC)
      5.4.3 Thyristor Series Capacitor
      5.4.4 Thyristor Series Reactor
  5.5 Combined Series and Shunt Connected Compensation
      5.5.1 Unified Power Flow Controller (UPFC)
      5.5.2 Interline Power Flow Controller (IPFC)
  5.6 Others
      5.6.1 CSC (Convertible Synchronous Compensator)
      5.6.2 TPSC (Thyristor Protected Series Capacitor)
      5.6.3 Generalized Unified Power Flow Controller (GUPFC)
      5.6.4 Static Synchronous Series Compensator (SSSC)
 
6 Market By Component (Page No. - 120)
  6.1 Introduction
  6.2 Power Electronic Devices
  6.3 Thyristors
      6.3.1 Major Issues in Thyristor Valves
  6.4 Reactors
      6.4.1 Shunt Reactors
      6.4.2 Series Reactors
  6.5 Capacitor Banks
  6.6 GIS Switchgear
  6.7 Phase Shifting Transformers (PST)
  6.8 Surge Arresters
  6.9 Protection and Control Systems

7 Market By Application (Page No. - 132)
  7.1 Introduction
      7.1.1 Performance Comparison between Facts and Conventional Devices
            7.1.1.1 Conventional Devices
            7.1.1.2 Facts Controllers
  7.2 Applications of Facts Controllers
      7.2.1 Steady State Applications
            7.2.1.1 Voltage and Reactive Power Control
            7.2.1.2 Power Flow Balancing Control
            7.2.1.3 Congestion Management
            7.2.1.4 Others
                    7.2.1.4.1 ATC Improvement
                    7.2.1.4.2 Improvement in Loading Margin
      7.2.2 Dynamic State Applications
            7.2.2.1 Dynamic Voltage Control
            7.2.2.2 Transient Stability Improvement
            7.2.2.3 Power Oscillation Damping
            7.2.2.4 Elimination of Subsynchronous Resonance (SSR)
            7.2.2.5 Others
                    7.2.2.5.1 Interconnection of Power Systems

8 Market By Industry Verticals (Page No. - 143)
  8.1 Introduction
      8.1.1 Electric Utilities Account for the Largest Market Share in The Global Facts Market
  8.2 Electric Utilities
  8.3 Industrial Vertical
      8.3.1 Steel Industry
            8.3.1.1 Electric Arc Furnace
            8.3.1.2 Rolling Mills
      8.3.2 Mining
  8.4 Others Vertical
      8.4.1 Windpower
      8.4.2 Railways

9 Market By Geography (Page No. - 166)
  9.1 Introduction
      9.1.1 APAC and ROW Are Projected To Be The Fastest Growing Markets
  9.2 Pest Analysis
      9.2.1 Political
      9.2.2 Economical
      9.2.3 Social
      9.2.4 Technological
      9.2.5 Environmental
      9.2.6 Legal
  9.3 Americas
      9.3.1 Brazil and Canada Are Expected To Be the Fastest Growing Countries in Americas Region
  9.4 Europe
      9.4.1 In European Countries, France and Sweden Expected To Grow At a Higher CAGR From 2013 to 2018
  9.5 APAC
      9.5.1 China, India and Australia Are the Major Contributing Countries in APAC Facts Market
  9.6 ROW
      9.6.1 Saudi Arabia and UAE Are Expected To Be the Fastest Growing Markets Closely Followed By South Africa

10 Competitive Landscape (Page No. - 208)
   10.1 Overview
   10.2 Major Companies and Their Market Share In the Global Facts Market
   10.3 Key Growth Strategies and Competitive Situation
   10.4 New Product Launch/Development
   10.5 Mergers & Acquisitions
   10.6 Partnerships/Agreements/Contracts/ Collaborations

11 Company Profiles (Overview, Products And Services, Financials,Developments)* (Page No. - 221)
   11.1 ABB
   11.2 Adani Power Limited
   11.3 American Electric Power
   11.4  Alstom SA
   11.5 American Superconductor Corporation
   11.6 Beta Engineering
   11.7 Corpoelec
   11.8 Crompton Greaves
   11.9 Eaton Corporation
   11.10 Electranix Corporation
   11.11 General Electric
   11.12 Hyosung Power & Industrial Systems
   11.13 Mitsubishi Electric Power Products
   11.14 Nampower
   11.15 Quanta Technology
   11.16 Rongxin Power Electronic
   11.17 Rtds Technologies
   11.18 S&C Electric Company
   11.19 Schneider Electric SA
   11.20 Siemens Energy
   11.21 Sieyuan Electric
   11.22 Toshiba Transmission & Distribution Systems Asia
   11.23 Transgrid Solutions
   11.24 Trench Group
   11.25 Xian Electric Engineering Co., Ltd.
*Details On Overview, Products And Services, Financials, Developments Might Not Be Captured In Case Of Unlisted Companies. 
 
List of Tables (93 Tables)
 
Table 1 General Assumptions, Terminology & Application Key Notes
Table 2 Facts Market: List of Companies Covered
Table 3 Facts Market, By Compensation Types, 2011-2018 ($Million)
Table 4 Facts Market, By Compensation Types, 2011-2018 ($Million)
Table 5 Applications of Facts Devices
Table 6 Facts Devices: Performance Comparison
Table 7 Facts Devices: Cost Comparison
Table 8 Facts Devices: Additional Sales Per Year
Table 9 Steady State Applications: Facts Devices And Its Conventional Counterparts
Table 10 Dynamic State Applications: Facts Devices And Its Conventional Counterparts
Table 11 Shunt Compensation Market, By Facts Devices, 2011-2018 ($Million)
Table 12 Shunt Compensation Market, By Industry Verticals, 2011-2018 ($Million)
Table 13 Shunt Compensation Market, By Geography, 2011-2018 ($Million)
Table 14 Statcom Market, By Industry Verticals, 2011-2018 ($Million)
Table 15 Statcom Market, By Geography, 2011-2018 ($Million)
Table 16 Svc Market, By Industry Verticals, 2011-2018 ($Million)
Table 17 Svc Market, By Geography, 2011-2018 ($Million)
Table 18 Series Compensation Market, By Facts Devices, 2011-2018 ($Million)
Table 19 Series Compensation Market, By Industry Verticals, 2011-2018 ($Million)
Table 20 Series Compensation Market, By Geography, 2011-2018 ($Million)
Table 21 FSCMarket, By Industry Verticals, 2011-2018 ($Million)
Table 22 FSC Market, By Geography, 2011-2018 ($Million)
Table 23 TCSC Market, By Industry Verticals, 2011-2018 ($Million)
Table 24 TCSC Market, By Geography, 2011-2018 ($Million)
Table 25 Global Combined Series and Shunt Compensation Market, By Industry Vertical, 2011-2018 ($Million)
Table 26 Combined Series and Shunt Compensation Market, By Geography, 2011-2018 ($Million)
Table 27 Facts Market, By Industry Verticals, 2011-2018 ($Million)
Table 28 Facts Market In Electric Utilities, By Compensation Types, 2011-2018 ($Million)
Table 29 Shunt Compensation Market In Electric Utilities, By Facts Devices, 2011-2018 ($Million)
Table 30 Series Compensation Market In Electric Utilities, By Facts Devices, 2011-2018 ($Million)
Table 31 Facts Market In Electric Utilities Market, By Geography, 2011-2018 ($Million)
Table 32 Facts Market In Steel Industry, By Compensation Type, 2011-2018 ($Million)
Table 33 Shunt Compensation Market In Steel Industry, By Facts Devices, 2011-2018 ($Million)
Table 34 Series Compensation Market In Steel Industry, By Facts Devices, 2011-2018 ($Million)
Table 35 Facts Market In Steel Industry, By Geography, 2011-2018 ($Million)
Table 36 Facts Market In Mining, By Compensation Type, 2011-2018 ($Million)
Table 37 Shunt Compensation Market In Mining, By Facts Devices, 2011-2018 ($Million)
Table 38 Series Compensation Market In Mining, By Facts Devices, 2011-2018 ($Million)
Table 39 Facts Market In Mining Market, By Geography, 2011-2018 ($Million)
Table 40 Facts Market In Others Verticals, By Compensation Type, 2011-2018 ($Million)
Table 41 Shunt Compensation Market In Other Verticals, By Facts Devices, 2011-2018 ($Million)
Table 42 Series Compensation Market In Other Verticals, By Facts Devices, 2011-2018 ($Million)
Table 43 Facts Market in Other Verticals, By Geography, 2011-2018 ($Million)
Table 44 Facts Market, By Geography, 2011-2018 ($Million)
Table 45 In Americas, By Regions, 2011-2018 ($Million)
Table 46 In North America, By Countries, 2011-2018 ($Million)
Table 47 In South America, By Countries, 2011-2018 ($Million)
Table 48 In Americas, By Compensation Types, 2011-2018 ($Million)
Table 49 In Americas, By Industry Verticals, 2011-2018 ($Million)
Table 50 Shunt Compensation Market In Americas, By Facts Devices, 2011-2018 ($Million)
Table 51 Series Compensation Market In Americas, By Facts Devices, 2011-2018 ($Million)
Table 52 In Europe, By Regions, 2011-2018 ($Million)
Table 53 In Western Europe, By Countries, 2011-2018 ($Million)
Table 54 In Eastern Europe, By Countries, 2011-2018 ($Million)
Table 55 In Europe, By Industry Verticals, 2011-2018 ($Million)
Table 56 In Europe, By Compensation Types, 2011-2018 ($Million)
Table 57 Shunt Compensation Market In Europe, By Facts Devices, 2011-2018 ($Million)
Table 58 Series Compensation Market In Europe, By Facts Devices, 2011-2018 ($Million)
Table 59 In APAC, By Countries, 2011-2018 ($Million)
Table 60 In APAC, By Compensation Types, 2011-2018 ($Million)
Table 61 In APAC, By Industry Verticals, 2011-2018 ($Million)
Table 62 Shunt Compensation Market in APAC, By Facts Devices, 2011-2018 ($Million)
Table 63 Series Compensation Market in APAC, By Facts Devices, 2011-2018 ($Million)
Table 64 In Row, By Regions, 2011-2018 ($Million)
Table 65 In Middle East, By Countries, 2011-2018 ($Million)
Table 66 In Row, By Industry Verticals, 2011-2018 ($Million)
Table 67 In Row, By Compensation Types, 2011-2018 ($Million)
Table 68 Shunt Compensation Market in Row, By Facts Devices, 2011-2018 ($Million)
Table 69 Series Compensation Market in Row, By Facts Devices, 2011-2018 ($Million)
Table 70 Flexible AC Transmission System Market: Major Players and Their Product Portfolio
Table 71 Global Flexible AC Transmission System Market: Major Companies and Their Market Share
Table 72 New Product Launch/Development, 2011 – 2013
Table 73 Mergers & Acquisitions, 2011-2013
Table 74 Partnerships/Agreements/Contracts/Collaborations, 2011-2013
Table 75 ABB: Total Revenue, 2011-2012 ($Billion)
Table 76 ABB: Market Revenue, By Product Segments, 2011-2012 ($Million)
Table 77 Adani Power: Overall Market Revenue, 2011– 2012($Million)
Table 78 AEP: Financials, 2011 – 2012 ($Billion)
Table 79 Alstom: Overall Revenue, 2011 – 2012 ($Billion)
Table 80 Alstom: Market Revenue, By Geography, 2010 – 2012 ($Billion)
Table 81 AMSC: Financials, 2011 – 2012 ($Million)
Table 82 Crompton Greaves: Financials, 2012 - 2013 ($Million)
Table 83 Eaton Corporation: Financials, 2011 – 2012 ($Billion)
Table 84 GE: Overall Revenue, 2011-2012 ($Billion)
Table 85 GE: Market Revenue, By Operating Segments, 2011-2012 ($Billion)
Table 86 GE: Market Revenue, By Geography, 2011-2012 ($Billion)
Table 87 Hyosung Corporation: Financials, 2011 - 2012 ($Million)
Table 88 Mitsubishi Electric: Financials, 2012 -2013 ($Billion)
Table 89 Nampower: Overall Revenue, 2011-2012 ($Million)
Table 90 Rongxin Power Electronic: Financials, 2011 – 2012 ($Million)
Table 91 Schneider Electric: Overall Revenue, 2011 – 2012 ($Billion)
Table 92 Siemens Energy AG: Overall Revenue, 2010 -2011 ($Billion)
Table 93 Sieyuan Electric: Financials, 2011-2012 ($Million)
 
List of Figures  (63 Figures)
 
Figure 1 Flexible AC Transmission System Market Segmentation
Figure 2 By Compensation Type
Figure 3 By Component
Figure 4 By Application
Figure 5 By Industry Verticals
Figure 6 By Geography
Figure 7 Flexible AC Transmission System Market: Research Methodology
Figure 8 Flexible AC Transmission System Market Size Estimation
Figure 9 Flexible AC Transmission System Market Crackdown & Data Triangulation
Figure 10 Flexible AC Transmission System Market Overview
Figure 11 Market Segmentation
Figure 12 Generation of Flexible AC Transmission System Technology
Figure 13 Impact Analysis of Drivers
Figure 14 Impact Analysis of Restraints
Figure 15 Impact Analysis of Opportunities
Figure 16 Impact Analysis of Burning Issues
Figure 17 Impact Analysis of Winning Imperatives
Figure 18 Flexible AC Transmission System: Value Chain Analysis
Figure 19 Overall Porter’s Five Forces Analysis
Figure 20 Flexible AC Transmission System Market: Degree of Competition
Figure 21 Flexible AC Transmission System Market: Bargaining Power of The Buyers
Figure 22 Bargaining Power of the Suppliers
Figure 23 Flexible AC Transmission System Market: Threat from Substitutes
Figure 24 Threat of New Entrants
Figure 25 Flexible AC Transmission System Market By Compensation
Figure 26 Flexible AC Transmission System Market: Y-O-Y Growth Trends, By Compensation Types
Figure 27 Statcom Market: Y-O-Y Growth Trends, By Industry Vertical
Figure 28 SVC Market: Y-O-Y Growth Trends, By Industry Vertical
Figure 29 Comparison Between Svc And Statcom
Figure 30 Facts Market By Components
Figure 31 Performance Dashboard Of Conventional Devices On The Basis of Applications
Figure 32 Performance Dashboard Of Facts Devices On The Basis Of Applications
Figure 33 Facts Market By Application
Figure 34 Steady State Applications
Figure 35 Dynamic State Applications
Figure 36 Flexible AC Transmission System market By Industry Verticals
Figure 37 Market By Geography
Figure 38 Market Life Cycle, By Geography
Figure 39 Geographical Penetration, By Industry Vertical
Figure 40 Geographical Penetration, By Facts Devices
Figure 41 Facts Market: Pest Analysis
Figure 42 In Americas, By Regions
Figure 43 Americas: Facts Market, 2011-2018 ($Million)
Figure 44 In Europe, By Regions
Figure 45 APAC: Series Compensation Market, 2011-2018 ($Million)
Figure 46 In Row, By Regions
Figure 47 Key Growth Strategies
Figure 48 Major Product Segments
Figure 49 ABB: Swot Analysis
Figure 50 Major Business Segments
Figure 51 Alstom SA: Swot Analysis
Figure 52 American Superconductor: Swot Analysis
Figure 53 Crompton Greaves: Swot Analysis
Figure 54 Eaton Corporation: Swot Analysis
Figure 55 Major Operating Segments
Figure 56 General Electric: Swot Analysis
Figure 57 Major Product Areas
Figure 58 Mitsubishi: Swot Analysis
Figure 59 Major Business Segments
Figure 60 S&C Electric: Swot Analysis
Figure 61 Schneider Electric: Swot Analysis
Figure 62 Siemens Energy: Swot Analysis
Figure 63 Major Service Segments

 

Date of Publication:
Sep 1, 2013
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Number of Pages:
221 Pages
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