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Global Flexible AC Transmission System Market Set to Soar Through 2031, Reed Intelligence Reports 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%  For more info- https://reedintelligence.com/market-analysis/global-flexible-ac-transmission-system-market 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 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. 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. Market Dynamics Drivers The global Luxury Vinyl Tile (LVT) market is being propelled by growing demand for waterproof flooring, especially in moisture-prone areas, and by widespread renovation projects in both residential and commercial sectors. Coupled with this is the strong aesthetic appeal of LVT, which offers the look of natural materials like wood and stone with lower maintenance and greater durability. Restraints However, the market must contend with economic uncertainties, supply chain disruptions, and regulatory hurdles, which could slow some of the uptake. Competitive pressures also remain intense as manufacturers race to offer differentiated, value-added products. Yet, these challenges also create opportunities: companies can leverage product innovation, sustainable LVT options, and expansion into commercial applications to capture underserved geographies and emerging customer segments. For more Info- https://reedintelligence.com/market-analysis/global-luxury-vinyl-tile-market Leading Market Players The report identifies several key players shaping the global LVT landscape: Tarkett Armstrong Flooring Mannington Mills NOX Corporation LG Hausys Congoleum Mohawk Industries Gerflor Forbo Flooring Beaulieu International Group RiL Metroflor Milliken Polyflor Karndean Market Segmentation By Type Flexible LVT Rigid LVT By Application Commercial Use Residential Use By Region North America (USA, Canada) Europe (UK, Germany, France, Spain, Italy, Russia, Nordic, Benelux, Rest of Europe) Asia Pacific (China, Korea, Japan, India, Australia, Singapore, Taiwan, Southeast Asia, Rest of APAC) LAMEA (Latin America, Middle East & Africa) – including countries such as Brazil, Mexico, UAE, South Africa, Egypt, Nigeria, and more. About Reed Intelligence Reed Intelligence is a leading market research firm specializing in materials and chemical markets. Its comprehensive reports deliver data-driven insights on market trends, dynamics, and competitive landscapes to help businesses make informed strategic decisions.

Global Bamboo Flooring Market Projected to Grow at 3.13% CAGR Through 2031, Driven by Sustainability and Renovation Trends The global bamboo flooring market is poised for steady growth over the next decade, with Reed Intelligence estimating a Compound Annual Growth Rate (CAGR) of approximately 3.13% between 2023 (base year) and 2031 (forecast year). Key Highlights Largest region: Asia-Pacific (APAC), driven by rapidly emerging economies, a growing middle-class population, and significant local production capacity. Fastest-growing region: Although CAGR by region is not explicitly broken out in the report, APAC is described as experiencing “remarkable growth” due to its sheer size and emerging players. Largest segment by type: Strand Woven Bamboo Floor, Solid Bamboo Floor, Engineered Bamboo Floor, and Other. Largest (or most significant) application segment: Residential use, followed by Commercial. Fastest-growing segment: The report does not provide a separate CAGR for each type/application, but emphasizes that all segments are benefiting from Eco-conscious trends and renovation demand. Market Dynamics Drivers: The market is being propelled by a rising global emphasis on sustainability and eco-friendly building materials. Bamboo, as a rapidly renewable resource, is increasingly favored in both residential and commercial construction for its low environmental impact. Ongoing renovation trends and the desire for greener interiors are further fueling demand. As consumers and businesses increasingly prefer materials that are both durable and sustainable, bamboo flooring is emerging as a top choice. Restraints: Despite its many advantages, the bamboo flooring market faces several headwinds. Economic uncertainties and regulatory challenges pose risks to supply chains. Additionally, competition from alternative flooring materials (like hardwood, laminate, or synthetic options) could dampen growth, especially in cost-sensitive markets. For More info- https://reedintelligence.com/market-analysis/global-bamboo-flooring-market Opportunities: There is growing awareness among end-users about the ecological and performance benefits of bamboo flooring — creating room for market expansion. At the same time, technological advancements and product diversification (for instance, innovations in strand-woven bamboo, water-resistant finishes, or hybrid products) are opening up new growth avenues. Geographic expansion into undeserved regions and deeper penetration into commercial segments also present promising opportunities. Top Market Players Key players identified in the report include: Yoyu Dasso Jiangxi Feiyu Eco Bamboo & Wood Tengda Jiangxi Shanyou Sinohcon Tianzhen Kang Ti Long Huayu Kangda Kanger Group Zhutao Jiangxi Lvbao US Floors Inc Teragren Bamboo Hardwoods Segmentation (by Region) By Type: Solid Bamboo Floor Engineered Bamboo Floor Strand Woven Bamboo Floor Other By Application: Residential Commercial By Region: North America (U.S., Canada) Europe (U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, and Rest) Asia Pacific (China, Korea, Japan, India, Australia, Singapore, Taiwan, Southeast Asia, Rest of APAC) LAMEA (Latin America, Middle East & Africa) – including UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, plus Brazil, Mexico, Argentina, Chile, Colombia, and rest About Reed Intelligence Reed Intelligence is a leading provider of market research and business intelligence reports. Their analysis covers competitive landscapes, market drivers, restraints, opportunities, and regional dynamics to help stakeholders make informed decisions.

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