“…In a special report, the shunt compensation devices, particularly the SVCs, are shown to have the largest market share among other FACTS devices with 77%, in implementation around the world being $1.067 billion by 2018, with a compound annual growth rate of 7.11% since 2011. Moreover, around 5% of the SVC installations in the world is in the Kingdom of Saudi Arabia (KSA), particularly for voltage regulation, due to the long overhead line implementations, scattered load centers, and high local annual demand growth, which has been in the range of 6% to 8% since 2003 to reach more than 50 GW in 2014.…”