Global Flexible AC Transmission System Market Set to Soar Through 2031, Reed Intelligence Reports


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Flexible AC Transmission System Market Size, Share and Growth Report, 2031

A new comprehensive market analysis by Reed Intelligence reveals that the Global Flexible AC Transmission System (FACTS) Market is poised for robust growth, with a projected Compound Annual Growth Rate (CAGR) of 10.2% over the 2023–2031 forecast period.

Key Market Figures
Base Year: 2023

Forecast Period: 2023–2031

Expected CAGR (2023–2031): ~10.2%

Key Highlights
Largest Region: North America leads the market with a mature and technologically advanced grid infrastructure.

Fastest-Growing Region: Asia Pacific (APAC) is projected to witness the fastest growth, driven by rapid grid modernization and rising energy demand.

Largest Segment (by Type): Among the type segments, Shunt Compensation stands out.

Largest Application Segment: The Utilities sector remains the dominant application vertical.

Market Dynamics
Drivers:
The global Flexible AC Transmission System (FACTS) Market is being fuelled by accelerating grid modernization, with utilities worldwide striving to upgrade aging infrastructure to accommodate more flexible, efficient, and stable power transmission. The increasing integration of renewable energy sources like wind and solar amplifies the need for FACTS solutions, which help stabilize voltage, control power flow, and improve overall grid reliability. Smart grid implementation further supports this trend, as FACTS devices play a crucial role in enhancing grid responsiveness and reducing transmission losses.

Restraints & Challenges:
Despite the strong growth outlook, the market faces headwinds such as economic uncertainties and potential regulatory hurdles in different regions. Supply chain disruptions in key components (like power electronics) could also limit the pace of deployment. Additionally, the high initial cost of FACTS technologies may deter smaller utilities or emerging-market operators from large-scale investment in the near term.

Opportunities:
On the opportunity front, leveraging cost-effective installation methods and innovations that reduce the capex of FACTS systems could unlock rapid adoption, especially in undeserved regions. As system reliability and voltage regulation become more critical for renewable-heavy grids, there is strong potential for FACTS to be integrated into next-generation smart and micro-grid deployments. Companies that can offer modular, scalable FACTS solutions stand to gain a competitive edge.

Leading Market Players
The competitive landscape is dominated by several major players:

ABB

Siemens

RXPE (Rongxin Power Electronic)

Sieyuan Electric

Mitsubishi Electric

General Electric (GE)

Toshiba

AMSC (American Superconductor Corporation)

Hyosung

Market Segmentation (by Region & Sector)
By Type:

Shunt Compensation

Series Compensation

Others

By Application:

Metal Industry

Railway

Mining

Utilities

Others

By Region:

North America

Europe

Asia-Pacific (APAC)

LAMEA (Latin America, Middle East & Africa)

About Reed Intelligence
Reed Intelligence is a leading market research and intelligence firm providing in-depth industry analysis across technology, energy, and infrastructure sectors.

Global Camp Table Market to Grow at 7.1% CAGR Through 2031, Fueled by Glamping & Outdoor Recreation – Reed Intelligence Report


According to a new market intelligence report published by Reed Intelligence, the Global Camp Table Market is projected to register a compound annual growth rate (CAGR) of 7.1% between 2023 and 2031, driven by rising outdoor recreational activity, glamping trends, and increasing disposable income.

Key Highlights
Base year / Forecast year & CAGR: The report’s base year is 2023, and the forecast extends to 2031, with a CAGR of 7.1%.

For more info-
https://reedintelligence.com/m....arket-analysis/globa

Largest region: North America is currently the largest regional market, driven by strong consumer demand, technological maturity, and sustainability initiatives.

Fastest-growing region: The Asia-Pacific (APAC) region is expected to witness the fastest growth, supported by emerging economies, growing middle-class population, and increased outdoor recreation.

reedintelligence.com

Camp Table Market Size, Share and Trends Analysis Report, 2031

Accroding to Reed Intelligence, Camp Table Market Size is projected to grow at an approximate CAGR of 7.1% over the forecast period (2023-2031).

Global Agriculture Sprayer Market Set to Surge with 6.8% CAGR Through 2031, Driven by Precision Farming and Sustainability

According to a newly released report by Reed Intelligence, the Global Agriculture Sprayer Market is projected to grow at a compound annual growth rate (CAGR) of 6.8% between 2023 and 2031, propelled by rising adoption of precision agriculture, increasing crop yields, and sustainability demands.

For more info-
https://reedintelligence.com/m....arket-analysis/globa

Key Market Highlights

Forecast Period & Growth: The report covers the base year of 2023 and forecasts through 2031, with a 6.8% CAGR over this period.

Largest Region: Asia Pacific (APAC) emerges as a key growth hub, reflecting strong mechanization and agricultural modernization in countries across the region.

Fastest-Growing Region: APAC also shows the most dynamic growth among regions, supported by favorable demographics and policy tailwinds.

reedintelligence.com

Agriculture Sprayer Market Size and Share Report, 2031

Accroding to Reed Intelligence, Agriculture Sprayer Market Size is projected to grow at an approximate CAGR of 6.8% over the forecast period (2023-2031).

Global Luxury Vinyl Tile (LVT) Market Poised for Robust Growth Through 2031, Reports Reed Intelligence

Reed Intelligence today announced its in-depth market-analysis report on the Global Luxury Vinyl Tile (LVT) Market, projecting steady growth driven by rising demand for waterproof, aesthetically pleasing flooring. According to the report, the market is forecast to grow over the period 2023–2031 at a compound annual growth rate (CAGR) of approximately 8.45 percent.

Key Highlights
Base Year / Forecast Period: The analysis uses 2023 as the base year and projects through 2031.
Growth Rate: A CAGR of 8.45% over the forecast period.

For more Info-
https://reedintelligence.com/m....arket-analysis/globa


Regional Snapshot:

Largest Region: North America, underpinned by strong consumer demand and regulatory support for sustainable flooring.

Fastest-Growing Region: Asia Pacific (APAC), fueled by emerging economies, urbanization, and a burgeoning middle class.

Segment Highlights:

By Type: Rigid LVT and Flexible LVT are both analyzed; these remain key segments.

By Application: Residential and Commercial applications are covered, with notable demand in both.

reedintelligence.com

Luxury Vinyl Tile (LVT) Market Forecast Analysis, 2031

Accroding to Reed Intelligence, Luxury Vinyl Tile (LVT) Market Size is projected to grow at an approximate CAGR of 8.45% over the forecast period (2023-2031).

Global Redundant Array of Independent Disks (RAID) Market to Surge at ~ 7.83% CAGR through 2031, Driven by Cloud & Data-Growth Demands

According to a comprehensive market analysis by Reed Intelligence, the global Redundant Array of Independent Disks (RAID) market is projected to grow strongly between 2023 and 2031, posting a compound annual growth rate (CAGR) of approximately 7.83%.


Key Market Highlights

Base Year & Forecast: The report uses 2023 as the base year, with a forecast extending to 2031.

Largest Region: North America leads the market, propelled by a highly advanced technological ecosystem and strong enterprise IT demand.

Fastest-Growing Region: The Asia Pacific region is showing the fastest growth, fuelled by rapid digitization, cloud adoption, and expanding data center capacity.

By Type Segmentation:

Largest Segment: Hardware RAID Cards, which dominate the market share.

Fastest-Growing Segment: Software RAID Cards, driven by increasing demand for cost-effective and flexible storage solutions.

reedintelligence.com

Redundant Array of Independent Disks Market Share, Trends [2031]

Accroding to Reed Intelligence, Redundant Array of Independent Disks Market Size is projected to grow at an approximate CAGR of 7.83% over the forecast period (2023-2031).

For more info- https://reedintelligence.com/market-analysis/global-nafion-market