Flexible AC Transmission Systems (FACTS) Industry Research Report 2024

Flexible AC Transmission Systems (FACTS) Industry Research Report 2024


A flexible alternating current transmission system (FACTS) is a system composed of static equipment used for the AC transmission of electrical energy. It is meant to enhance controllability and increase power transfer capability of the network. It is generally a power electronics-based system.
FACTS is defined by the IEEE as a power electronic based system and other static equipment that provide control of one or more AC transmission system parameters to enhance controllability and increase power transfer capability.
According to Siemens FACTS 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.

Highlights

The global Flexible AC Transmission Systems (FACTS) market is projected to reach US$ million by 2030 from an estimated US$ million in 2024, at a CAGR of % during 2025 and 2030.
The leading manufactures mainly are ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC and Hyosung. ABB is the largest manufacturer; its revenue of global market exceeds 31%.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Flexible AC Transmission Systems (FACTS), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Flexible AC Transmission Systems (FACTS).
The Flexible AC Transmission Systems (FACTS) market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Flexible AC Transmission Systems (FACTS) market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Flexible AC Transmission Systems (FACTS) companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue by companies for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

ABB
Siemens
RXPE
Sieyuan Electric
Mitsubishi Electric
GE
Toshiba
AMSC
Hyosung

Product Type Insights

Global markets are presented by Flexible AC Transmission Systems (FACTS) type, along with growth forecasts through 2030. Estimates on revenue are based on the price in the supply chain at which the Flexible AC Transmission Systems (FACTS) are procured by the companies.
This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows revenue data by type, and during the historical period (2019-2024) and forecast period (2025-2030).
Flexible AC Transmission Systems (FACTS) segment by Type

Shunt Compensation
Series Compensation
Others

Application Insights

This report has provided the market size (revenue data) by application, during the historical period (2019-2024) and forecast period (2025-2030).
This report also outlines the market trends of each segment and consumer behaviors impacting the Flexible AC Transmission Systems (FACTS) market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Flexible AC Transmission Systems (FACTS) market.
Flexible AC Transmission Systems (FACTS) Segment by Application

Metal Industry
Utilities
Railway
Mining
Other

Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue data of each region and country for the period 2019-2030.
The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America, Middle East & Africa. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2023 because of the base year, with estimates for 2024 and forecast revenue for 2030.

North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

COVID-19 and Russia-Ukraine War Influence Analysis

The readers in the section will understand how the Flexible AC Transmission Systems (FACTS) market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Reasons to Buy This Report

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Flexible AC Transmission Systems (FACTS) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
This report will help stakeholders to understand the global industry status and trends of Flexible AC Transmission Systems (FACTS) and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
This report stays updated with novel technology integration, features, and the latest developments in the market
This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Flexible AC Transmission Systems (FACTS) industry.
This report helps stakeholders to gain insights into which regions to target globally
This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Flexible AC Transmission Systems (FACTS).
This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Core Chapters

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Flexible AC Transmission Systems (FACTS) companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Flexible AC Transmission Systems (FACTS) by Type
2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030)
1.2.2 Shunt Compensation
1.2.3 Series Compensation
1.2.4 Others
2.3 Flexible AC Transmission Systems (FACTS) by Application
2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030)
2.3.2 Metal Industry
2.3.3 Utilities
2.3.4 Railway
2.3.5 Mining
2.3.6 Other
2.4 Assumptions and Limitations
3 Flexible AC Transmission Systems (FACTS) Breakdown Data by Type
3.1 Global Flexible AC Transmission Systems (FACTS) Historic Market Size by Type (2019-2024)
3.2 Global Flexible AC Transmission Systems (FACTS) Forecasted Market Size by Type (2025-2030)
4 Flexible AC Transmission Systems (FACTS) Breakdown Data by Application
4.1 Global Flexible AC Transmission Systems (FACTS) Historic Market Size by Application (2019-2024)
4.2 Global Flexible AC Transmission Systems (FACTS) Forecasted Market Size by Application (2019-2024)
5 Global Growth Trends
5.1 Global Flexible AC Transmission Systems (FACTS) Market Perspective (2019-2030)
5.2 Global Flexible AC Transmission Systems (FACTS) Growth Trends by Region
5.2.1 Global Flexible AC Transmission Systems (FACTS) Market Size by Region: 2019 VS 2023 VS 2030
5.2.2 Flexible AC Transmission Systems (FACTS) Historic Market Size by Region (2019-2024)
5.2.3 Flexible AC Transmission Systems (FACTS) Forecasted Market Size by Region (2025-2030)
5.3 Flexible AC Transmission Systems (FACTS) Market Dynamics
5.3.1 Flexible AC Transmission Systems (FACTS) Industry Trends
5.3.2 Flexible AC Transmission Systems (FACTS) Market Drivers
5.3.3 Flexible AC Transmission Systems (FACTS) Market Challenges
5.3.4 Flexible AC Transmission Systems (FACTS) Market Restraints
6 Market Competitive Landscape by Players
6.1 Global Top Flexible AC Transmission Systems (FACTS) Players by Revenue
6.1.1 Global Top Flexible AC Transmission Systems (FACTS) Players by Revenue (2019-2024)
6.1.2 Global Flexible AC Transmission Systems (FACTS) Revenue Market Share by Players (2019-2024)
6.2 Global Flexible AC Transmission Systems (FACTS) Industry Players Ranking, 2022 VS 2023 VS 2024
6.3 Global Key Players of Flexible AC Transmission Systems (FACTS) Head office and Area Served
6.4 Global Flexible AC Transmission Systems (FACTS) Players, Product Type & Application
6.5 Global Flexible AC Transmission Systems (FACTS) Players, Date of Enter into This Industry
6.6 Global Flexible AC Transmission Systems (FACTS) Market CR5 and HHI
6.7 Global Players Mergers & Acquisition
7 North America
7.1 North America Flexible AC Transmission Systems (FACTS) Market Size (2019-2030)
7.2 North America Flexible AC Transmission Systems (FACTS) Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 North America Flexible AC Transmission Systems (FACTS) Market Size by Country (2019-2024)
7.4 North America Flexible AC Transmission Systems (FACTS) Market Size by Country (2025-2030)
7.5 United States
7.6 Canada
8 Europe
8.1 Europe Flexible AC Transmission Systems (FACTS) Market Size (2019-2030)
8.2 Europe Flexible AC Transmission Systems (FACTS) Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Europe Flexible AC Transmission Systems (FACTS) Market Size by Country (2019-2024)
8.4 Europe Flexible AC Transmission Systems (FACTS) Market Size by Country (2025-2030)
7.4 Germany
7.5 France
7.6 U.K.
7.7 Italy
7.8 Russia
7.9 Nordic Countries
9 Asia-Pacific
9.1 Asia-Pacific Flexible AC Transmission Systems (FACTS) Market Size (2019-2030)
9.2 Asia-Pacific Flexible AC Transmission Systems (FACTS) Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Asia-Pacific Flexible AC Transmission Systems (FACTS) Market Size by Country (2019-2024)
9.4 Asia-Pacific Flexible AC Transmission Systems (FACTS) Market Size by Country (2025-2030)
8.4 China
8.5 Japan
8.6 South Korea
8.7 Southeast Asia
8.8 India
8.9 Australia
10 Latin America
10.1 Latin America Flexible AC Transmission Systems (FACTS) Market Size (2019-2030)
10.2 Latin America Flexible AC Transmission Systems (FACTS) Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Latin America Flexible AC Transmission Systems (FACTS) Market Size by Country (2019-2024)
10.4 Latin America Flexible AC Transmission Systems (FACTS) Market Size by Country (2025-2030)
9.4 Mexico
9.5 Brazil
11 Middle East & Africa
11.1 Middle East & Africa Flexible AC Transmission Systems (FACTS) Market Size (2019-2030)
11.2 Middle East & Africa Flexible AC Transmission Systems (FACTS) Market Growth Rate by Country: 2019 VS 2023 VS 2030
11.3 Middle East & Africa Flexible AC Transmission Systems (FACTS) Market Size by Country (2019-2024)
11.4 Middle East & Africa Flexible AC Transmission Systems (FACTS) Market Size by Country (2025-2030)
10.4 Turkey
10.5 Saudi Arabia
10.6 UAE
12 Players Profiled
11.1 ABB
11.1.1 ABB Company Detail
11.1.2 ABB Business Overview
11.1.3 ABB Flexible AC Transmission Systems (FACTS) Introduction
11.1.4 ABB Revenue in Flexible AC Transmission Systems (FACTS) Business (2017-2022)
11.1.5 ABB Recent Development
11.2 Siemens
11.2.1 Siemens Company Detail
11.2.2 Siemens Business Overview
11.2.3 Siemens Flexible AC Transmission Systems (FACTS) Introduction
11.2.4 Siemens Revenue in Flexible AC Transmission Systems (FACTS) Business (2017-2022)
11.2.5 Siemens Recent Development
11.3 RXPE
11.3.1 RXPE Company Detail
11.3.2 RXPE Business Overview
11.3.3 RXPE Flexible AC Transmission Systems (FACTS) Introduction
11.3.4 RXPE Revenue in Flexible AC Transmission Systems (FACTS) Business (2017-2022)
11.3.5 RXPE Recent Development
11.4 Sieyuan Electric
11.4.1 Sieyuan Electric Company Detail
11.4.2 Sieyuan Electric Business Overview
11.4.3 Sieyuan Electric Flexible AC Transmission Systems (FACTS) Introduction
11.4.4 Sieyuan Electric Revenue in Flexible AC Transmission Systems (FACTS) Business (2017-2022)
11.4.5 Sieyuan Electric Recent Development
11.5 Mitsubishi Electric
11.5.1 Mitsubishi Electric Company Detail
11.5.2 Mitsubishi Electric Business Overview
11.5.3 Mitsubishi Electric Flexible AC Transmission Systems (FACTS) Introduction
11.5.4 Mitsubishi Electric Revenue in Flexible AC Transmission Systems (FACTS) Business (2017-2022)
11.5.5 Mitsubishi Electric Recent Development
11.6 GE
11.6.1 GE Company Detail
11.6.2 GE Business Overview
11.6.3 GE Flexible AC Transmission Systems (FACTS) Introduction
11.6.4 GE Revenue in Flexible AC Transmission Systems (FACTS) Business (2017-2022)
11.6.5 GE Recent Development
11.7 Toshiba
11.7.1 Toshiba Company Detail
11.7.2 Toshiba Business Overview
11.7.3 Toshiba Flexible AC Transmission Systems (FACTS) Introduction
11.7.4 Toshiba Revenue in Flexible AC Transmission Systems (FACTS) Business (2017-2022)
11.7.5 Toshiba Recent Development
11.8 AMSC
11.8.1 AMSC Company Detail
11.8.2 AMSC Business Overview
11.8.3 AMSC Flexible AC Transmission Systems (FACTS) Introduction
11.8.4 AMSC Revenue in Flexible AC Transmission Systems (FACTS) Business (2017-2022)
11.8.5 AMSC Recent Development
11.9 Hyosung
11.9.1 Hyosung Company Detail
11.9.2 Hyosung Business Overview
11.9.3 Hyosung Flexible AC Transmission Systems (FACTS) Introduction
11.9.4 Hyosung Revenue in Flexible AC Transmission Systems (FACTS) Business (2017-2022)
11.9.5 Hyosung Recent Development
13 Report Conclusion
14 Disclaimer

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