Unlock What Growth FACTS Devices Unlocking Market May See in Future; Participants Still Eyeing Growth in Market

FACTS Devices Unlocking Market Latest Edition Published with Forecast to 2032
The article cited AMA's Global FACTS Devices Unlocking Market Study explored substantial growth with CAGR of %. According the report, Integration with Smart Grids is one of the primary growth factors for the market. Increasing integration of renewable energy sources is also expected to contribute significantly to the FACTS Devices Unlocking market. Overall, Voltage Stability Enhancement applications of FACTS Devices Unlocking, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Siemens Energy (Germany), GE Vernova (United States), ABB Ltd. (Switzerland), Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan), Alstom Grid (France), NR Electric Co., Ltd. (China), Hyosung Heavy Industries (South Korea), Rongxin Power Electronic Co., Ltd. (RXPE) (China) and American Superconductor Corporation (AMSC) (United States) may see astonishing sales in this Market and certainly improve revenue growth.

The Technology Type, such as Shunt Compensation, is boosting the FACTS Devices Unlocking market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Industry Verticals, such as Utilities & Power Transmission, is boosting the FACTS Devices Unlocking market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Voltage , such as Low Voltage (up to 132 kV), is boosting the FACTS Devices Unlocking market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global FACTS Devices Unlocking market identified that the demand is rising in many different parts of the world as "Integration of artificial intelligence (AI) and machine learning (ML) ". Furthermore, some recent industry insights like "In April 2024, the European Union, under the Horizon Europe strategic plan for 2025-2027, agreed to continue participation in the Partnership for Research and Innovation in the Mediterranean Area (PRIMA). This initiative aims to foster collaborative research and innovation in the region, potentially impacting the development and deployment of FACTS technologies." is constantly making the industry dynamic. One of the challenges that industry facing is "High initial investment costs"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of FACTS Devices Unlocking market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of FACTS Devices Unlocking market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the FACTS Devices Unlocking market tight?
• Which application/end-user category or Product Type [] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the FACTS Devices Unlocking market and other related sub-markets covered in the study.

o Key & emerging players in the FACTS Devices Unlocking market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall FACTS Devices Unlocking market size is calculated using market estimation process, the FACTS Devices Unlocking market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global FACTS Devices Unlocking market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager