The significantly increasing adoption of flexible AC transmission systems (FACTS) in the electrical, renewables, and industrial market
Flexible AC transmission system (FACTS) is defined as a technology which consists of power electronics and other static components to increase controllability and power transfer ability of a network. With ever growing electricity demand and high efficiency requirements in diverse applications, the need for advanced measures for providing higher flexibility and reliability of existing power systems...
Flexible AC Transmission Market to Grow at Steady CAGR- An Overview
Flexible alternating current transmission is a power electronics based system, which is used for enhancing control and capability of power transfer of the networks. Also known as FACTS, this system is popularly used for AC transmission of electrical energy. Growth of power industry and increasing demand for high quality of power supply and network reliability are driving the global flexible AC transmission...