“This report presents a detailed overview of the overall flexible AC transmission systems (FACTS) market by enveloping all major market segments with complete qualitative analysis at each and every aspect of the segmentation. This market has become a key component in the electric vertical. This technology is dynamic and fast-developing, with new applications emerging continuously. Flexible AC transmission systems (FACTS) provide features of higher flexibility and reliability for existing power systems. Some of the major advantages of these solutions include power & voltage control, enhanced system reliability, loss reduction, and increased power quality among others.
The global flexible AC transmission systems (FACTS) market is expected to reach USD 1.26 billion by 2020, at a CAGR of 5.1% between 2015 and 2020. The global flexible AC transmission systems (FACTS) market has been segmented on the basis of compensation type, components, application, verticals and geography. Flexible AC transmission systems (FACTS) segmented on the basis of compensation type includes shunt compensation, series compensation, and combined series & shunt compensation. The flexible AC transmission systems (FACTS) market segmented on the basis of component include power electronic devices, thyristors, reactors, capacitor banks, GIS switchgear, phase shifting transformers (PST), surge arresters, and protection & control systems. Its segmentation on the basis of application includes steady state and dynamic state application. The segmentation according to verticals of flexible AC transmission systems (FACTS) include electric utilities, renewables, railways, industrial, and oil & gas. The increase in the demand for electric utility, industrial, and renewables industry market is also responsible for the growth of this market. The flexible AC transmission systems (FACTS) market has also been segmented on the basis of geography into various regions such as the Americas, Europe, APAC, and RoW. The Asia-Pacific region is expected to dominate the market at a CAGR of 7.0% between 2015 and 2020. The growing demand for flexible AC transmission systems (FACTS) in countries such as India, China, and Australia is expected to drive the market in this region.
The factors driving the flexible AC transmission systems (FACTS) market include the increasing demand for voltage and power control solutions and advancement and restoration of existing power infrastructure. However, the high installation cost of flexible AC transmission systems (FACTS) is one of the factors hindering the growth of the market. The evolution of smart grid offers scope for opportunities in the flexible AC transmission systems (FACTS) market.
The major players which provide flexible AC transmission systems (FACTS) market include ABB Ltd. (Switzerland), Siemens AG (Germany), Mitsubishi Electric Corp. (Japan), General Electric (U.S.), Eaton Corp PLC (Ireland), Alstom (France), American Electric Power (U.S.), Hyosung (South Korea), NR Electric Co. Ltd. (China), and Adani Power (India) among others.
”
“TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 STUDY OBJECTIVES 15
1.2 MARKET DEFINITION 15
1.3 STUDY SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY & PRICING 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries interviews: by company type, designation, and region 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25
2.4.1 ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 32
4.1 INCREASING OPPORTUNITIES IN ELECTRICAL UTILITIES IS EXPECTED TO DRIVE THE FACTS MARKET DURING THE FORECAST PERIOD 32
4.2 FACTS MARKET: BY COMPENSATION TYPE 33
4.3 RENEWABLES AND OIL & GAS INDUSTRY IN APAC IS EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 34
4.4 THE AMERICAN REGION HELD THE LARGEST MARKET SHARE IN THE GLOBAL FACTS MARKET IN 2014 35
4.5 FACTS MARKET: BY GEOGRAPHY 36
4.6 LIFE CYCLE ANALYSIS, BY GEOGRAPHY 37
5 MARKET OVERVIEW 38
5.1 MARKET EVOLUTION 39
5.1.1 FIRST GENERATION 40
5.1.2 SECOND GENERATION 40
5.1.3 THIRD GENERATION 40
5.1.4 FOURTH GENERATION 40
5.2 MARKET DYNAMICS 41
5.2.1 DRIVERS 42
5.2.1.1 Advancement and restoration of long-standing power infrastructure 42
5.2.1.2 Government mandates and support for FACTS adoption 42
5.2.1.3 Increasing demand for voltage and power control solutions 43
5.2.2 RESTRAINTS 43
5.2.2.1 Lack of awareness 43
5.2.2.2 Higher installation costs involved for FACTS 44
5.2.3 OPPORTUNITIES 44
5.2.3.1 Incorporation of renewable sources in power generation 44
5.2.3.2 Evolution of smart grid 45
5.2.4 CHALLENGES 45
5.2.4.1 Cost and other related issues in FACTS market 45
5.2.5 WINNING IMPERATIVE 46
5.2.5.1 Progressions made in field of power electronics 46
6 INDUSTRY TRENDS 47
6.1 INTRODUCTION 48
6.2 VALUE CHAIN ANALYSIS 49
6.3 PORTER’S FIVE FORCES ANALYSIS 50
6.3.1 INTENSITY OF COMPETITIVE RIVALRY 51
6.3.2 THREAT OF SUBSTITUTES 52
6.3.3 BARGAINING POWER OF BUYERS 53
6.3.4 BARGAINING POWER OF SUPPLIERS 54
6.3.5 THREAT OF NEW ENTRANTS 55
6.4 REGULATORY LANDSCAPE 56
7 FLEXIBLE AC TRANSMISSION MARKET, BY COMPENSATION TYPE 57
7.1 INTRODUCTION 58
7.2 SHUNT COMPENSATION 59
7.2.1 STATIC SYNCHRONOUS COMPENSATOR (STATCOM) 61
7.2.2 STATIC VAR COMPENSATOR (SVC) 62
7.3 SERIES COMPENSATION 63
7.3.1 FSC (FIXED SERIES CAPACITOR) 64
7.3.2 THYRISTOR SERIES CAPACITOR 65
7.4 COMBINED SERIES AND SHUNT COMPENSATION 66
7.4.1 UNIFIED POWER FLOW CONTROLLER (UPFC) 67
7.4.2 INTERLINE POWER FLOW CONTROLLER (IPFC) 67
7.5 RECENT TECHNOLOGICAL DEVELOPMENTS IN FACTS MARKET 68
7.5.1 CSC (CONVERTIBLE SYNCHRONOUS COMPENSATOR) 68
7.5.2 THYRISTOR PROTECTED SERIES CAPACITOR (TPSC) 68
7.5.3 GENERALIZED UNIFIED POWER FLOW CONTROLLER(GUPFC) 68
7.5.4 STATIC SYNCHRONOUS SERIES COMPENSATOR (SSSC) 69
8 FLEXIBLE AC TRANSMISSION MARKET, BY COMPONENT TYPE 70
8.1 INTRODUCTION 71
8.2 POWER ELECTRONICS DEVICES 71
8.3 THYRISTORS 72
8.4 REACTORS 72
8.5 CAPACITOR BANKS 72
8.6 GIS SWITCHGEAR 73
8.7 PHASE-SHIFTING TRANSFORMERS (PST) 73
8.8 SURGE ARRESTERS 73
8.9 PROTECTION AND CONTROL SYSTEMS 73
9 FLEXIBLE AC TRANSMISSION MARKET, BY APPLICATION 74
9.1 INTRODUCTION 75
9.2 STEADY STATE APPLICATIONS 75
9.3 DYNAMIC STATE APPLICATIONS 76
10 FLEXIBLE AC TRANSMISSION MARKET, BY VERTICAL 78
10.1 INTRODUCTION 79
10.2 ELECTRIC UTILITIES 80
10.3 RENEWABLES 83
10.3.1 WIND POWER GRIDS 86
10.3.1.1 Onshore 86
10.3.1.2 Offshore sea cables 86
10.3.2 SOLAR FARMS 87
10.4 RAILWAYS 87
10.5 INDUSTRIAL 90
10.5.1 STEEL 93
10.5.2 MINING 94
10.6 OIL & GAS 94
11 GEOGRAPHIC ANALYSIS 97
11.1 INTRODUCTION 98
11.2 THE AMERICAS 101
11.2.1 NORTH AMERICA 104
11.2.1.1 U.S. 105
11.2.1.2 Canada 105
11.2.1.3 Mexico 105
11.2.2 SOUTH AMERICA 105
11.2.2.1 Argentina 105
11.2.2.2 Brazil 106
11.2.2.3 Venezuela 106
11.3 EUROPE 107
11.3.1 WESTERN EUROPE 110
11.3.1.1 France 110
11.3.1.2 Sweden 111
11.3.1.3 Italy 111
11.3.1.4 U.K. 111
11.3.1.5 Spain 111
11.3.1.6 Norway 111
11.3.1.7 Germany 111
11.3.2 EASTERN EUROPE 112
11.3.2.1 Russia 112
11.3.2.2 Turkey 112
11.3.3 REST OF EUROPE 112
11.4 APAC 113
11.4.1 CHINA 116
11.4.2 INDIA 116
11.4.3 AUSTRALIA 116
11.4.4 REST OF APAC 116
11.5 REST OF THE WORLD 117
11.5.1 MIDDLE EAST 119
11.5.1.1 Saudi Arabia 119
11.5.1.2 UAE 119
11.5.2 SOUTH AFRICA 120
12 COMPETITIVE LANDSCAPE 121
12.1 OVERVIEW 122
12.2 MARKET RANKING FOR FLEXIBLE AC TRANSMISSION SYSTEMS MARKET(FACTS) 123
12.3 COMPETITIVE SCENARIO 124
12.4 RECENT DEVELOPMENTS 126
12.4.1 JOINT VENTURE, AGREEMENT AND CONTRACTS 126
12.4.2 EXPANSION 127
12.4.3 NEW PRODUCT LAUNCHES 128
12.4.4 MERGERS & ACQUISITION 128
13 COMPANY PROFILES 129
(Overview, Products and Services, Financials, Strategy & Development)*
13.1 INTRODUCTION 129
13.2 ABB LTD. 130
13.3 SIEMENS AG 133
13.4 MITSUBISHI ELECTRIC CORPORATION 136
13.5 GENERAL ELECTRIC 139
13.6 EATON CORPORATION PLC 142
13.7 ALSTOM 145
13.8 AMERICAN ELECTRIC POWER 148
13.9 HYOSUNG 150
13.10 ADANI POWER 151
13.11 NR ELECTRIC CO., LTD. 152
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies.
14 APPENDIX 154
14.1 INSIGHTS OF INDUSTRY EXPERTS 154
14.2 DISCUSSION GUIDE 155
14.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 159
14.4 AVAILABLE CUSTOMIZATIONS 161
14.5 RELATED REPORTS 161
“
“LIST OF TABLES
TABLE 1 GLOBAL FACTS MARKET, 2013–2020 (USD MILLION) 40
TABLE 2 LIST OF FEW FACTS PROJECTS WITH GOVERNMENT SUPPORT 42
TABLE 3 INCREASING DEMAND FOR VOLTAGE AND POWER CONTROL SOLUTIONS IS PROPELLING THE GROWTH OF FACTS MARKET DURING THE FORECAST PERIOD 43
TABLE 4 LACK OF AWARENESS ACTS AS A RESTRAINT FOR THE FACTS MARKET 44
TABLE 5 INCORPORATION OF RENEWABLE SOURCES IN POWER GENERATION IS A HUGE OPPORTUNITY FOR THE FACTS MARKET 45
TABLE 6 PORTER’S FIVE FORCES ANALYSIS: THREAT OF SUBSTITUTES IS LIKELY TO HAVE MINIMUM IMPACT ON THE OVERALL MARKET 50
TABLE 7 FACTS MARKET: REGULATORY LANDSCAPE 56
TABLE 8 FACTS MARKET, BY COMPENSATION TYPE, 2013–2020 (USD MILLION) 59
TABLE 9 FACTS MARKET, BY SHUNT COMPENSATION TYPE, 2013–2020 (USD MILLION) 60
TABLE 10 FACTS SHUNT COMPENSATION MARKET, BY VERTICAL,
2013–2020 (USD MILLION) 61
TABLE 11 STATCOM SHUNT COMPENSATION MARKET, BY VERTICAL,
2013–2020 (USD MILLION) 61
TABLE 12 SVC SHUNT COMPENSATION MARKET, BY VERTICAL, 2013–2020 (USD MILLION) 62
TABLE 13 FACTS MARKET, BY SERIES COMPENSATION TYPE, 2013–2020 (USD MILLION) 64
TABLE 14 FACTS SERIES COMPENSATION MARKET, BY VERTICAL,
2013–2020 (USD MILLION) 64
TABLE 15 FSC SERIES COMPENSATION MARKET, BY VERTICAL, 2013–2020 (USD MILLION) 65
TABLE 16 THYRISTOR SERIES CAPACITOR MARKET, SERIES COMPENSATION MARKET,
BY VERTICAL, 2013–2020 (USD MILLION) 66
TABLE 17 COMBINED SHUNT & SERIES COMPENSATION MARKET, BY VERTICAL,
2013–2020 (USD MILLION) 67
TABLE 18 FACTS MARKET, BY VERTICAL, 2013–2020 (USD MILLION) 80
TABLE 19 FACTS ELECTRIC UTILITIES MARKET, BY COMPENSATION TYPE,
2013–2020 (USD MILLION) 81
TABLE 20 FACTS ELECTRIC UTILITIES MARKET, BY SHUNT COMPENSATION TYPE,
2013–2020 (USD MILLION) 81
TABLE 21 FACTS ELECTRIC UTILITIES MARKET, BY SERIES COMPENSATION TYPE,
2013–2020 (USD MILLION) 81
TABLE 22 FACTS ELECTRIC UTILITIES MARKET, BY GEOGRAPHY, 2013–2020 (USD MILLION) 82
TABLE 23 FACTS RENEWABLES MARKET, 2013–2020 (USD MILLION) 84
TABLE 24 FACTS RENEWABLES MARKET, BY COMPENSATION TYPE,
2013–2020 (USD MILLION) 84
TABLE 25 FACTS RENEWABLES MARKET, BY SHUNT COMPENSATION TYPE,
2013–2020 (USD MILLION) 84
TABLE 26 FACTS RENEWABLES MARKET, BY SERIES COMPENSATION TYPE,
2013–2020 (USD MILLION) 85
TABLE 27 FACTS RENEWABLES MARKET, BY GEOGRAPHY, 2013–2020 (USD MILLION) 85
TABLE 28 FACTS RENEWABLES WIND POWER MARKET, BY GEOGRAPHY,
2013–2020 (USD MILLION) 86
TABLE 29 FACTS RENEWABLES SOLAR FARM MARKET, BY GEOGRAPHY,
2013–2020 (USD MILLION) 87
TABLE 30 FACTS RAILWAYS MARKET, BY COMPENSATION TYPE, 2013–2020 (USD MILLION) 88
TABLE 31 FACTS RAILWAYS MARKET, BY SHUNT COMPENSATION TYPE,
2013-2020 (USD MILLION) 88
TABLE 32 FACTS RAILWAYS MARKET, BY SERIES COMPENSATION TYPE,
2013–2020 (USD MILLION) 89
TABLE 33 FACTS RAILWAYS MARKET, BY GEOGRAPHY, 2013–2020 (USD MILLION) 89
TABLE 34 FACTS INDUSTRIAL MARKET, 2013–2020 (USD MILLION) 90
TABLE 35 FACTS INDUSTRIAL MARKET, BY COMPENSATION TYPE,
2013–2020 (USD MILLION) 91
TABLE 36 FACTS INDUSTRIAL MARKET, BY SHUNT COMPENSATION TYPE,
2013–2020 (USD MILLION) 91
TABLE 37 FACTS INDUSTRIAL MARKET, BY SERIES COMPENSATION TYPE,
2013–2020 (USD MILLION) 92
TABLE 38 FACTS INDUSTRIAL MARKET, BY GEOGRAPHY, 2013–2020 (USD MILLION) 92
TABLE 39 FACTS INDUSTRIAL STEEL MARKET, BY GEOGRAPHY, 2013-2020 (USD MILLION) 93
TABLE 40 FACTS INDUSTRIAL MINING MARKET, BY GEOGRAPHY, 2013–2020 (USD MILLION) 94
TABLE 41 FACTS OIL & GAS MARKET, BY GEOGRAPHY, 2013–2020 (USD MILLION) 94
TABLE 42 FACTS OIL & GAS MARKET, BY COMPENSATION TYPE, 2013–2020 (USD MILLION) 95
TABLE 43 FACTS OIL & GAS MARKET, BY SHUNT COMPENSATION TYPE,
2013–2020 (USD MILLION) 96
TABLE 44 FACTS OIL & GAS MARKET, BY SERIES COMPENSATION TYPE,
2013–2020 (USD MILLION) 96
TABLE 45 FACTS MARKET, BY REGION, 2013–2020 (USD MILLION) 100
TABLE 46 THE AMERICAS FACTS MARKET, BY VERTICAL, 2013–2020 (USD MILLION) 103
TABLE 47 THE AMERICAS FACTS MARKET, BY RENEWABLES, 2013–2020 (USD MILLION) 103
TABLE 48 THE AMERICAS FACTS MARKET, BY INDUSTRIAL, 2013–2020 (USD MILLION) 104
TABLE 49 THE AMERICAS FACTS MARKET, BY REGION, 2013–2020 (USD MILLION) 104
TABLE 50 NORTH AMERICAN FACTS MARKET, BY COUNTRY, 2013–2020 (USD MILLION) 105
TABLE 51 SOUTH AMERICAN FACTS MARKET, BY COUNTRY, 2013–2020 (USD MILLION) 106
TABLE 52 EUROPEAN FACTS MARKET, BY VERTICAL, 2013–2020 (USD MILLION) 109
TABLE 53 EUROPEAN FACTS MARKET, BY RENEWABLES, 2013–2020 (USD MILLION) 109
TABLE 54 EUROPEAN FACTS MARKET, BY INDUSTRIAL, 2013–2020 (USD MILLION) 110
TABLE 55 EUROPEAN FACTS MARKET, BY REGION, 2013–2020 (USD MILLION) 110
TABLE 56 WESTERN EUROPEAN FACTS MARKET, BY COUNTRY, 2013–2020 (USD MILLION) 111
TABLE 57 EASTERN EUROPEAN FACTS MARKET, BY COUNTRY, 2013–2020 (USD MILLION) 112
TABLE 58 APAC FACTS MARKET, BY VERTICAL, 2013–2020 (USD MILLION) 115
TABLE 59 APAC FACTS MARKET, BY RENEWABLES, 2013–2020 (USD MILLION) 115
TABLE 60 APAC FACTS MARKET, BY INDUSTRIAL, 2013–2020 (USD MILLION) 116
TABLE 61 APAC FACTS MARKET, BY COUNTRY, 2013–2020 (USD MILLION) 117
TABLE 62 ROW FACTS MARKET, BY VERTICAL, 2013–2020 (USD MILLION) 118
TABLE 63 ROW FACTS MARKET, BY RENEWABLES, 2013–2020 (USD MILLION) 118
TABLE 64 ROW FACTS MARKET, BY INDUSTRIAL, 2013–2020 (USD MILLION) 118
TABLE 65 ROW FACTS MARKET, BY REGION, 2013–2020 (USD MILLION) 119
TABLE 66 MIDDLE EAST FACTS MARKET, BY COUNTRY, 2013–2020 (USD MILLION) 120
TABLE 67 JOINT VENTURE, AGREEMENT AND CONTRACTS, 2013–2015 126
TABLE 68 EXPANSIONS, 2014–2015 127
TABLE 69 NEW PRODUCT DEVELOPMENT, 2013–2015 128
TABLE 70 MERGERS & ACQUISITION, 2014 128
“
“LIST OF FIGURES
FIGURE 1 RESEARCH DESIGN 18
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 22
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 23
FIGURE 4 ASSUMPTIONS FOR THE RESEARCH STUDY 25
FIGURE 5 SHUNT COMPENSATION EXPECTED TO DOMINATE THE COMPENSATION MARKET DURING 2015 AND 2020 27
FIGURE 6 THE MARKET FOR ELECTRICAL UTILITIES WOULD DOMINATE AMERICAS DURING 2015 AND 2020 28
FIGURE 7 FACTS RENEWABLE MARKET, BY COMPENSATION :SHUNT COMPENSATION TO HAVE HIGHEST MARKET SHARE DURING THE FORECAST PERIOD 29
FIGURE 8 RENEWABLES EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN
2015 AND 2020 IN THE FACTS VERTICALS MARKET 30
FIGURE 9 AMERICAS HELD THE LARGEST MARKET SHARE OF THE FACTS MARKET IN 2015 31
FIGURE 10 SIGNIFICANT INCREASE IN DEMAND FOR FACTS 32
FIGURE 11 SERIES COMPENSATION TYPE FACTS ARE EXPECTED TO GROW AT THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 33
FIGURE 12 CHINA IS EXPECTED TO HOLD THE LARGEST MARKET SHARE IN APAC BY 2020 34
FIGURE 13 AMERICAS: BRAZIL & CANADA ARE EXPECTED TO WITNESS THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 35
FIGURE 14 APAC ESTIMATED TO GROW AT THE HIGHEST CAGR THAN OTHER GEOGRAPHIC REGIONS BETWEEN 2015 AND 2020 36
FIGURE 15 FACTS MARKET IS CURRENTLY AT THE GROWTH STAGE IN THE APAC REGION 37
FIGURE 16 GENERATION OF FACTS TECHNOLOGY 39
FIGURE 17 GOVERNMENT MANDATES AND SUPPORT FOR FACTS ADOPTION IS EXPECTED TO SPUR THE DEMAND FOR FACTS MARKET 41
FIGURE 18 FLEXIBLE AC TRANSMISSION SYSTEMS SOLUTION LIFE-CYCLE, 2014 48
FIGURE 19 VALUE CHAIN ANALYSIS (2014): MAJOR VALUE IS ADDED DURING CONSULTATION & FACTS INSTALLATION PHASE 49
FIGURE 20 PORTER’S FIVE FORCES ANALYSIS (2014): 50
FIGURE 21 FACTS MARKET: PORTER’S FIVE FORCES ANALYSIS 51
FIGURE 22 INTENSITY OF COMPETITIVE RIVALRY: MODERATE COMPETITION IN
THE MARKET DUE TO THE PRESENCE OF MODERATE NUMBER OF PLAYERS 51
FIGURE 23 THREAT OF SUBSTITUTES: THREAT OF SUBSTITUTES IS LIKELY TO BE LOW DUE TO LESS AVAILABILITY OF MAJOR SUBSTITUTES 52
FIGURE 24 BARGAINING POWER OF BUYERS: AS AVAILABILITY OF CUSTOMIZED SOLUTIONS IS MODERATE, THEY HAVE A MODERATE BARGAINING POWER 53
FIGURE 25 BARGAINING POWER OF SUPPLIERS: ABILITY TO PROVIDE FACTS SOLUTIONS
THAT ARE OF HIGH QUALITY AND RELIABLE WOULD DRIVE THE SUPPLIERS’ MARKET IN FUTURE 54
FIGURE 26 THREAT OF NEW ENTRANTS: LOW GROWTH RATE IS A KEY FACTOR BEHIND MODERATE THREAT OF NEW ENTRANTS 55
FIGURE 27 FACTS MARKET SEGMENTATION: BY COMPENSATION TYPE 58
FIGURE 28 SERIES COMPENSATION: THE FASTEST-GROWING COMPENSATION TYPE IN
THE FACTS MARKET BETWEEN 2015 AND 2020 58
FIGURE 29 FACT MARKET SEGMENTATION: BY SHUNT COMPENSATION TYPE 60
FIGURE 30 STATCOM: THE FASTEST-GROWING SHUNT COMPENSATION TYPE IN
THE FACTS MARKET BETWEEN 2015 AND 2020 60
FIGURE 31 FACTS MARKET SEGMENTATION, BY SERIES COMPENSATION TYPE 63
FIGURE 32 THYRISTOR SERIES CAPACITOR: THE FASTEST-GROWING SHUNT COMPENSATION TYPE IN THE FACTS MARKET BETWEEN 2015 AND 2020 63
FIGURE 33 FACT MARKET SEGMENTATION: BY COMBINED SERIES
AND SHUNT COMPENSATION TYPE 66
FIGURE 34 FACT MARKET SEGMENTATION: BY OTHERS 68
FIGURE 35 FACTS MARKET SEGMENTATION: BY COMPONENT TYPE 71
FIGURE 36 FACTS MARKET SEGMENTATION: BY APPLICATION 75
FIGURE 37 FACTS MARKET SEGMENTATION: BY STEADY STATE APPLICATION 76
FIGURE 38 FACTS MARKET SEGMENTATION: BY DYNAMIC STATE APPLICATION 77
FIGURE 39 FACTS MARKET SEGMENTATION: BY VERTICAL 79
FIGURE 40 RENEWABLES: THE FASTEST-GROWING VERTICAL IN THE FACTS MARKET BETWEEN 2015 AND 2020 79
FIGURE 41 APAC: THE FASTEST-GROWING REGION IN THE ELECTRIC UTILITIES FACTS MARKET BETWEEN 2015 AND 2020 82
FIGURE 42 FACTS MARKET SEGMENTATION: BY RENEWABLES 83
FIGURE 43 SOLAR POWER: THE FASTEST-GROWING RENEWABLE INDUSTRY IN
THE FACTS MARKET BETWEEN 2015 AND 2020 83
FIGURE 44 FACTS MARKET SEGMENTATION: BY WIND POWER 86
FIGURE 45 SERIES COMPENSATION: THE FASTEST-GROWING COMPENSATION
TYPE IN RAILWAY INDUSTRY FACTS MARKET BETWEEN 2015 AND 2020 88
FIGURE 46 FACTS MARKET SEGMENTATION: BY INDUSTRIAL 90
FIGURE 47 MINING VERTICAL TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD 90
FIGURE 48 APAC IS EXPECTED TO BE THE FASTEST-GROWING REGION FOR STEEL INDUSTRY FACTS MARKET BETWEEN 2015 AND 2020 93
FIGURE 49 STATCOM IS EXPECTED TO BETHE FASTEST-GROWING SHUNT COMPENSATION DEVICE FACTS MARKET FOR OIL & GAS BETWEEN 2015 AND 2020 95
FIGURE 50 FACTS MARKET SEGMENTATION: BY GEOGRAPHY 98
FIGURE 51 GEOGRAPHIC SNAPSHOT: APAC EXPECTED TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 98
FIGURE 52 INDIA IS ESTIMATED TO GROW AT THE HIGHEST RATE BETWEEN 2015 AND 2020 99
FIGURE 53 SEGMENTATION: THE AMERICAS 101
FIGURE 54 THE AMERICAS MARKET SNAPSHOT: THE DEMAND WOULD BE DRIVEN BY THE REQUIREMENT FOR UPGRADATION OF POWER INFRASTRUCTURE FROM
2015 TO 2020 102
FIGURE 55 SEGMENTATION: EUROPE 107
FIGURE 56 EUROPE MARKET SNAPSHOT: THE DEMAND WOULD BE DRIVEN BY THE GROWTH OF ELECTRICAL UTILITY AND INDUSTRY 108
FIGURE 57 SEGMENTATION: APAC 113
FIGURE 58 APAC MARKET SNAPSHOT: THE DEMAND WOULD BE DRIVEN BY THE GROWTH OF ELECTRICAL UTILITY AND INDUSTRY 114
FIGURE 59 SEGMENTATION: REST OF THE WORLD 117
FIGURE 60 KEY GROWTH STRATEGIES ADOPTED BY THE TOP COMPANIES, 2012–2015 122
FIGURE 61 EATON CORPORATION PLC. GREW RAPIDLY BETWEEN 2012 AND 2014 123
FIGURE 62 MARKET RANKING OF THE TOP 5 PLAYERS IN THE FACTS MARKET, 2014 123
FIGURE 63 MARKET EVALUATION FRAMEWORK-PARTNERSHIPS, AGREEMENTS
AND CONTRACTS FUELLED GROWTH AND INNOVATION IN 2013 AND 2015 124
FIGURE 64 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES WAS THE KEY STRATEGY 125
FIGURE 65 GEOGRAPHIC REVENUE MIX OF TOP 5 MARKET PLAYERS 129
FIGURE 66 ABB LTD. : COMPANY SNAPSHOT 130
FIGURE 67 ABB LTD.: SWOT ANALYSIS 132
FIGURE 68 SIEMENS AG.: COMPANY SNAPSHOT 133
FIGURE 69 SIEMENS AG.: SWOT ANALYSIS 135
FIGURE 70 MITSUBISHI ELECTRIC CORPORATION : COMPANY SNAPSHOT 136
FIGURE 71 MITSUBISHI ELECTRIC CORPORATION : SWOT ANALYSIS 138
FIGURE 72 GENERAL ELECTRIC: COMPANY SNAPSHOT 139
FIGURE 73 GENERAL ELECTRIC : SWOT ANALYSIS 141
FIGURE 74 EATON CORPORATION : COMPANY SNAPSHOT 142
FIGURE 75 EATON CORPORATION : SWOT ANALYSIS 144
FIGURE 76 ALSTOM :COMPANY SNAPSHOT 146
FIGURE 77 AMERICAN ELECTRIC POWER: COMPANY SNAPSHOT 148
“
