Flexible AC Transmission System (FACTS) Market : Applications, Types and Industry Analysis From 2016-2021
“The factors that propel the market growth include growing demand for power control solution. In addition, innovation and replacement of power infrastructure in the developed countries such as North America and Europe is driving the growth of the market.�
Global Flexible AC Transmission System (FACTS) Market is classified on the basis of compensation type, components, application, industry and geography. A Flexible AC Transmission System refers to the system consisting of power electronic devices along with power system devices to improve the controllability and constancy of the transmission system and increase the power transfer capabilities. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/flexible-ac-transmissionsystem-facts-market The factors that propel the market growth include growing demand for power control solution. In addition, innovation and replacement of power infrastructure in the developed countries such as North America and Europe is driving the growth of the market.