Global Flexible Alternating Current Transmission Systems (FACTS) Market Growth 2023-2029

Global Flexible Alternating Current Transmission Systems (FACTS) Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Flexible Alternating Current Transmission Systems (FACTS) Industry Forecast” looks at past sales and reviews total world Flexible Alternating Current Transmission Systems (FACTS) sales in 2022, providing a comprehensive analysis by region and market sector of projected Flexible Alternating Current Transmission Systems (FACTS) sales for 2023 through 2029. With Flexible Alternating Current Transmission Systems (FACTS) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Flexible Alternating Current Transmission Systems (FACTS) industry.
This Insight Report provides a comprehensive analysis of the global Flexible Alternating Current Transmission Systems (FACTS) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Flexible Alternating Current Transmission Systems (FACTS) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Flexible Alternating Current Transmission Systems (FACTS) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Flexible Alternating Current Transmission Systems (FACTS) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Flexible Alternating Current Transmission Systems (FACTS).
The global Flexible Alternating Current Transmission Systems (FACTS) market size is projected to grow from US$ 1303.6 million in 2022 to US$ 1896.1 million in 2029; it is expected to grow at a CAGR of 1896.1 from 2023 to 2029.
The high-end products mainly come from USA, Japan and Europe.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% in 2019. Geographically, the global Flexible AC Transmission Systems (FACTS) market has been segmented into North America, Europe, Asia-Pacific, South America and Middle East and Africa. The Europe held the largest share in the global market, its revenue of global market exceeds 33.71% in 2019. The next is Asia-Pacific.
This report presents a comprehensive overview, market shares, and growth opportunities of Flexible Alternating Current Transmission Systems (FACTS) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Shunt Compensation
Series Compensation
Segmentation by application
Metal Industry
Utilities
Railway
Mining
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Siemens
Mitsubishi Electric
RXPE
GE
Toshiba
Sieyuan Electric
Hyosung
AMSC

Key Questions Addressed in this Report
What is the 10-year outlook for the global Flexible Alternating Current Transmission Systems (FACTS) market?
What factors are driving Flexible Alternating Current Transmission Systems (FACTS) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Flexible Alternating Current Transmission Systems (FACTS) market opportunities vary by end market size?
How does Flexible Alternating Current Transmission Systems (FACTS) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.