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 - 20
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...
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