Flexible AC Transmission System Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War
The global flexible AC transmission system market is expected to grow at a CAGR of around 5.2% during 2025-2034. This report on global flexible AC transmission system market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global flexible AC transmission system market by segmenting the market based on compensation type, controller, application and region. Also, detailed profiles of companies operating in the flexible AC transmission system market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Increasing Advancement of Electric Power Transmission System
Market Challenges
• High Initial Costs
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Compensation Type
• Series compensation
• Shunt compensation
• Combined Series-Shunt Compensation
Market by Controller
• Static Synchronous Compensator (STATCOM)
• Static VAR Compensator (SVC)
• Unified Power Flow Controller (UPFC)
• Thyristor Controlled Series Compensator (TCSC)
• Other Controller
Market by Industry
• Oil and Gas
• Electric Utility
• Railways
• Other Applications
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Flexible AC Transmission System Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Flexible AC Transmission System Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 4.5. Impact of Russia-Ukraine War
- 5. Global Flexible AC Transmission System Market by Compensation Type
- 5.1. Introduction
- 5.2. Series compensation
- 5.3. Shunt compensation
- 5.4. Combined Series-Shunt Compensation
- 6. Global Flexible AC Transmission System Market by Controller
- 6.1. Introduction
- 6.2. Static Synchronous Compensator (STATCOM)
- 6.3. Static VAR Compensator (SVC)
- 6.4. Unified Power Flow Controller (UPFC)
- 6.5. Thyristor Controlled Series Compensator (TCSC)
- 6.6. Other Controllers
- 7. Global Flexible AC Transmission System Market by Industry
- 7.1. Introduction
- 7.2. Oil and Gas
- 7.3. Electric Utility
- 7.4. Railways
- 7.5. Other Applications
- 8. Global Flexible AC Transmission System Market by Region
- 8.1. Introduction
- 8.2. Europe
- 8.2.1. Germany
- 8.2.2. United Kingdom
- 8.2.3. France
- 8.2.4. Italy
- 8.2.5. Spain
- 8.2.6. Russia
- 8.2.7. Netherlands
- 8.2.8. Rest of the Europe
- 8.3. North America
- 8.3.1. United States
- 8.3.2. Canada
- 8.4. Asia Pacific
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. India
- 8.4.4. South Korea
- 8.4.5. Australia
- 8.4.6. Indonesia
- 8.4.7. Rest of the Asia Pacific
- 8.5. Latin America
- 8.5.1. Mexico
- 8.5.2. Brazil
- 8.5.3. Argentina
- 8.5.4. Rest of Latin America
- 8.6. Middle East & Africa
- 8.6.1. Saudi Arabia
- 8.6.2. Turkey
- 8.6.3. Iran
- 8.6.4. United Arab Emirates
- 8.6.5. Rest of Middle East & Africa
- 9. SWOT Analysis
- 10. Porter’s Five Forces
- 11. Market Value Chain Analysis
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Company Profiles
- 12.2.1. ABB Ltd.
- 12.2.2. Adani Power Ltd
- 12.2.3. Alstom SA
- 12.2.4. CG Power and Industrial Solutions Limited.
- 12.2.5. Eaton Corporation
- 12.2.6. General Electric
- 12.2.7. Hitachi ABB Power Grids.
- 12.2.8. Hyosung Corporation.
- 12.2.9. Mitsubishi Electric Corporation
- 12.2.10. NR Electric Co., Ltd.
- 12.2.11. Siemens AG
- 12.2.12. Toshiba International Corporation
- List of Figures
- Figure 1: Global Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 2: Global Flexible AC Transmission System Market by Compensation Type, 2024
- Figure 3: Global Flexible AC Transmission System Market by Controller, 2024
- Figure 4: Global Flexible AC Transmission System Market by Industry, 2024
- Figure 5: Global Flexible AC Transmission System Market by Region, 2024
- Figure 6: Global Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 7: Global Flexible AC Transmission System Market by Compensation Type (in %), 2024 & 2034
- Figure 8: Global Series Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 9: Global Series Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 10: Global Shunt Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 11: Global Shunt Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 12: Global Combined Series-Shunt Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 13: Global Combined Series-Shunt Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 14: Global Flexible AC Transmission System Market by Controller (in %), 2024 & 2034
- Figure 15: Global Static Synchronous Compensator (STATCOM) Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 16: Global Static Synchronous Compensator (STATCOM) Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 17: Global Static VAR Compensator (SVC) Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 18: Global Static VAR Compensator (SVC) Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 19: Global Unified Power Flow Controller (UPFC) Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 20: Global Unified Power Flow Controller (UPFC) Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 21: Global Thyristor Controlled Series Compensator (TCSC) Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 22: Global Thyristor Controlled Series Compensator (TCSC) Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 23: Global Other Controllers Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 24: Global Other Controllers Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 25: Global Flexible AC Transmission System Market by Industry (in %), 2024 & 2034
- Figure 26: Global Oil and Gas Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 27: Global Oil and Gas Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 28: Global Electric Utility Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 29: Global Electric Utility Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 30: Global Railways Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 31: Global Railways Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 32: Global Other Applications Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 33: Global Other Applications Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 34: Global Flexible AC Transmission System Market by Region (in %), 2024 & 2034
- Figure 35: Europe Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 36: Europe Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 37: Europe Flexible AC Transmission System Market by Country (in %), 2024 & 2034
- Figure 38: Germany Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 39: United Kingdom Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 40: France Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 41: Italy Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 42: Spain Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 43: Russia Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 44: Netherlands Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 45: North America Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 46: North America Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 47: North America Flexible AC Transmission System Market by Country (in %), 2024 & 2034
- Figure 48: United States Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 49: Canada Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 50: Asia Pacific Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 51: Asia Pacific Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 52: Asia Pacific Flexible AC Transmission System Market by Country (in %), 2024 & 2034
- Figure 53: China Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 54: Japan Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 55: India Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 56: South Korea Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 57: Australia Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 58: Indonesia Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 59: Latin America Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 60: Latin America Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 61: Latin America Flexible AC Transmission System Market by Country (in %), 2024 & 2034
- Figure 62: Mexico Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 63: Brazil Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 64: Argentina Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 65: Middle East & Africa Flexible AC Transmission System Market (in US$ Million), 2020-2024
- Figure 66: Middle East & Africa Flexible AC Transmission System Market (in US$ Million), 2025-2034
- Figure 67: Middle East & Africa Flexible AC Transmission System Market by Country (in %), 2024 & 2034
- Figure 68: Saudi Arabia Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 69: Turkey Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 70: Iran Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 71: UAE Flexible AC Transmission System Market (in US$ Million), 2020-2034
- Figure 72: Market Value Chain
- List of Tables
- Table 1: Global Flexible AC Transmission System Market Portraiture
- Table 2: Global Flexible AC Transmission System Market by Compensation Type (in US$ Million), 2024 & 2034
- Table 3: Global Flexible AC Transmission System Market by Controller (in US$ Million), 2024 & 2034
- Table 4: Global Flexible AC Transmission System Market by Industry (in US$ Million), 2024 & 2034
- Table 5: Global Flexible AC Transmission System Market by Region (in US$ Million), 2024 & 2034
- Table 6: Europe Flexible AC Transmission System Market by Country (in US$ Million), 2024 & 2034
- Table 7: North America Flexible AC Transmission System Market by Country (in US$ Million), 2024 & 2034
- Table 8: Asia Pacific Flexible AC Transmission System Market by Country (in US$ Million), 2024 & 2034
- Table 9: Latin America Flexible AC Transmission System Market by Country (in US$ Million), 2024 & 2034
- Table 10: Middle East & Africa Flexible AC Transmission System Market by Country (in US$ Million),
- 2024 & 2034
- Table 11: List of Key Players
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