Global Flexible AC Transmission Systems (FACTS) Market 2016: Industry Demand, Segment, Statistics and Research to 2022
The FACTS (Flexible Alternating Current Transmission System) are power electronics-based devices deployed for AC transmission of electrical energy. The system plays an important role in enhancing controllability and stability of AC systems, and increasing the power transfer ability of networks. FACTS are generally installed in grid transmission to reduce the losses occurring in the transmission line.There are several drivers, restraints and opportunities shaping the future of the FACTS market. The growing demand for power infrastructure and control is the primary...
View full press release