Global Flexible AC Transmission System Market Projected to Garner $1,229.6 Million from 2020 to 2027 - Exclusive Report [209 pages] by Research Dive
NEW YORK, Oct. 26, 2020 /PRNewswire/ -- According to a latest report published by Research Dive, the Global Flexible AC Transmission System Market valued for US$ 641.3 million in 2019 and is expected to surpass US$ 1,229.6 million by 2027, exhibiting a CAGR of 8.0% from 2020 to 2027.
- NEW YORK, Oct. 26, 2020 /PRNewswire/ -- According to a latest report published by Research Dive, the Global Flexible AC Transmission System Market valued for US$ 641.3 million in 2019 and is expected to surpass US$ 1,229.6 million by 2027, exhibiting a CAGR of 8.0% from 2020 to 2027.
- A surge in number of investments in the development of power transmission systems and the growing demand for most advanced controllability of energy systems are the major factors predicted to boost the growth of the global flexible AC transmission system (FACTS) market.
- Conversely, the high costs associated with the incorporation of flexible AC transmission systems is predicted to hinder the market growth in the near future.
- Key Segment Findings of the Market:
The report segments the global flexible AC transmission system market by Compensation Type, Controller, Industrial Vertical, and Region.