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APAC presents a significant market opportunity for numerous Flexible AC Transmission Systems (FACTS) devices for key T&D OEMs. The region can further be segmented into the Chinese market and rest of the APAC market, due to varying regional market dynamics. In the past...
The APAC HVDC market is driven by factors such as the ability to reliably transmit high power loads over long distances, efficient transmission with minimal transmission and distribution losses. Due to varying market dynamics, the region can be further segmented into...
• Following the Russia-Ukraine conflict, the UK has increased the target for its offshore wind generation capacity to 50 GW by 2030.• Currently, projects accounting for 86 GW of generation capacity are in the pipeline in the UK and are expected to be realized in the...
The Middle East has primarily relied on oil and gas resources to meet power needs. However, Middle Eastern countries are gradually increasing the share of renewables in their generation mix. KSA and UAE are the key countries which are actively participating in this...
China, in pursuit of its economic objectives, has been persistently increasing generation capacity. A significant proportion of demand for FACTS in China is driven by renewables. The STATCOMs market is expected to grow in tandem with the integration of renewables with...
The HVDC market has gained traction due to the expansion of renewable energy resources across the globe. In recent years, significant growth in offshore renewables has been witnessed in the EMEA region, particularly Europe. Climate neutrality goals set by nations and...
The HVDC global market has gained traction due to the expansion of renewable energy resources across the globe. In Europe, the increasing number of HVDC interconnections are mainly due to offshore wind expansion and the regulations in existence, such as the EU's...
The HVDC market has gained a lot traction due to the expansion of renewable energy resources across the globe. In the last decade, a significant growth in onshore renewables has been witnessed in North America. To evacuate this energy from generation centres, HVDC has...
• The FACTS market has gained a lot of traction across the globe in various application verticals, especially in the renewable sector. • In 2021, utilities awarded 95% of the FACTS projects, focused on incorporating increasing load demand and new interconnections with...
Baltic Sea ports are showing strong affinity towards the deployment of shore power infrastructure. Currently, more than 90 shore power facilities are available at the major ports of the Baltic Sea region. Ports as well as cruise line owners are pushing to curtail the...