Global Flexible AC Transmission System Market - Ahmadnagar

Global Flexible AC Transmission System Market was valued US$ 1120.1 Mn in 2019 and is expected to reach US$ 1900.5 Mn by 2027 at a CAGR of 6.83 % during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.



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Advancement of electric power transmission system and increases in demand for controllability drives the global flexible AC transmission system market. Also need of high reliability under emergencies of power supply boost the flexible AC transmission system market. However, high initial cost of installation of flexible AC transmission system is limiting the market growth. Emergence of smart grids & increase in dependency on renewable energy resources offer beneficial opportunities for market expansion.

In controller, (Static Var Compensator) SVC accounts for largest share in global flexible AC current transmission systems market. Voltage stabilization and lagging power factor of SVC controller is better than the other controllers. This leads the controller segment from global flexible AC transmission.

Among the industry verticals, electric utilities expected for the largest share of Flexible AC Transmission System market during forecast period. In power transmission or distribution plant rising demand of Flexible AC Transmission System, Owing this electric utilities helps to boost the global market of Flexible AC Transmission System market.

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