Flexible AC Transmission Systems – Project Specific Market Analysis
Flexible AC Transmission Systems (FACTS) have been part of grid reliability equipment for more than 6 decades. The technological advancement in power electronics, semiconductor devices and control systems has contributed a great deal in development of highly efficient systems to ensure grid reliability. The new energy mix in grid also warrants the need of FACTS in transmission systems. Within PTR’s FACTS segment, a wide range of services are offered to provide in depth analysis of FACTS market in utility, renewable and industries across the globe.
This is a database style service containing over 3,000 Flexible AC Transmission System (FACTS) projects. The database includes project specific information of FACTS projects delivered over a time span of 7 decades around the globe. Additionally, announced future projects are added into the database and an update is released twice a year.
This service only includes FACTS as per defined by the scope below:
1. Series Compensation: Series Compensation devices include Series Capacitors which can be further segmented into three types based on the application.
2. Shunt Compensation: FACTS are connected in parallel with the transmission lines to provide shunt compensation. STATIC VAR Compensator (SVC) and Static Synchronous Compensator (STATCOM) fall under this category.
3. This service at the moment does not include other reactive power support devices such as Synchronous Condenser, Unified Power Flow Controller and Static Synchronous Series Compensator (SSSC) .
Segmentation/ Geographies Evaluated/ Project Example
Market Share Segmentation
- Market shares available through multiple lenses and user defined timelines
FACTS are part of utilities and industries for more than 6 decades. PTR manages a database of these devices which goes back to 1950s. Using PTR‘s FACTS database, valuable insights can be extracted in user defined timelines which helps to understand FACTS evolution over different periods.
Delivery Format – PowerBI and Excel Database
Report and Analysis in Power BI
Excel Data Output for Integration
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Mitsubishi Electric (Client Partner – Power Systems)
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ITE Group (Global Content Manager)
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