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Increase the reliability of AC grids and reduce power delivery costs. They improve transmission quality and efficiency of power transmission by supplying inductive or reactive power to the grid.
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Scope and Importance:
FACTS Conference provides the scope for opportunities to learn progressed by international scientists and academicians. The conference will consist of plenary talks, invited talks, panel discussions, technical sessions, poster presentations and exhibitions, thus providing a unique opportunity for communication and collaboration between academia, industry and planners in the areas conserving Energy and their uses.
Global FACTS market is segmented into four major geographical regions, namely Americas, Europe, APAC, and ROW. Presently, Americas is the largest contributor in FACTS market as of 2012; and is forecast to keep a strong position over the forecast period from 2013 to 2018. However, APAC is the emerging and fastest growing market, where countries like China, India, and Australia will be the most promising future markets for the FACTS devices. APAC is expected to overcome Americas in terms of the market revenue during the forecast period from 2013 to 2018.Europe is also projected to be a major market for FACTS, because of the strong government initiatives for integrating wind power in power grids in order to ensure clean energy generation in this region.
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This page was last updated on 11th Sep, 2015
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