Flexible AC Transmission Systems (FACTS) Controllers
Market
Flexible AC Transmission Systems (FACTS)
Controllers Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Flexible AC Transmission Systems (FACTS) Controllers
Market Size and Growth
The Flexible AC Transmission Systems (FACTS) Controllers market is experiencing significant growth, driven by increasing demand for grid stability and efficiency. The market size is projected to reach approximately $3 billion by 2025, reflecting advancements in technology and the integration of renewable energy sources in transmission networks. Rising investments in infrastructure further bolster market prospects.
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Companies Covered
(Covid 19 Impact Covered)
◍ ABB
◍ Siemens
◍ GE Grid Solutions
◍ Alstom
◍ Mitsubishi Electric Corporation
◍ Eaton Corporation
◍ American Electric Power
◍ Hyosung
◍ Adani Power
◍ NR Electric
The Flexible AC Transmission Systems (FACTS) Controllers Market features major players like ABB, Siemens, GE Grid Solutions, Alstom, Mitsubishi Electric, Eaton, American Electric Power, Hyosung, Adani Power, and NR Electric, enhancing grid stability and efficiency. Their innovations and projects drive market growth through advanced technologies and integrated solutions.
Sales Revenue Highlights:
- ABB: $28.6 billion
- Siemens: $66.9 billion
- GE Grid Solutions: $23 billion
- Mitsubishi Electric: $39 billion
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Market Segmentation
By Application
Renewables
Railways
By Product
◍ Series Controllers
◍ Shunt Controllers
◍ Shunt-Series Controllers
◍ Series-Series Controllers ◍ Electric Utilities
Industrial
Oil & Gas
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Market Growth
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$ X Billion USD
