USD 2.4 billion
Flexible Alternating Current Transmission Systems Market Size, Share, and Growth Analysis
Flexible Alternating Current Transmission Systems Market By Compensation Type (Shunt Compensation, Series Compensation), By Generation (First Generation, Second Generation), By Controller Type, By Component, By Application, By Industry Vertical, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20D2308 |
Region:
Global |
Published Date: May, 2025
Pages:
190
|Tables:
187
|Figures:
86
Format -
Flexible Alternating Current Transmission Systems Market Insights
Global Flexible Alternating Current Transmission Systems Market size was valued at USD 2.4 billion in 2023 and is poised to grow from USD 2.57 billion in 2024 to USD 4.38 billion by 2032, growing at a CAGR of 6.9% during the forecast period (2025-2032).
The Flexible Alternating Current Transmission Systems (FACTS) market is experiencing robust growth, driven by the increase in the demand for grid stability, integration of renewable sources of energy, and replacement of ageing power infrastructure. FACTS technologies are enhancing transmission capacity, improving voltage stability, and reducing transmission losses, making them critically relevant to efficient power flow management. Key drivers are increasing electricity demand, supportive policies for smart grid installation, and increasing investments in T&D infrastructure across the globe. The Asia-Pacific region is leading the market because of high industrialization and urbanization, and technological innovations and digitalization trends are further increasing opportunities. Energy grid stability demands that Flexible Alternating Current Transmission Systems (FACTS) work together with renewable power systems. The power generation from renewable sources leads to voltage swings and frequency disturbances because it operates in an unpredictable manner. The operation of FACTS components which include SVCs and STATCOMs enables continuous support of reactive power while they control voltage stability through their dynamic functions. For example, a Nigerian study illustrated how deploying STATCOMs strategically lessened active power loss by 27% and enhanced the capacity of renewable energy penetration by 40%, allowing for the incorporation of 152 MW of wind power without threatening system stability. With increasing investments in renewable energy worldwide, adoption of FACTS technologies becomes all the more vital to facilitate effortless integration and efficient performance of these green resources.
The combination of Silicon Carbide (SiC) and Gallium Nitride (GaN) power semiconductor devices enhances Flexible AC Transmission Systems (FACTS) by improving performance through better efficiency and reliability and compact design. The enhanced electrical performance of wide bandgap semiconductor materials results from their improved voltage resistance alongside faster operational speeds and lower power losses than traditional silicon-based components. The research shows that 1200V SiC MOSFETs have much lower switching losses than 600V versions which makes them ideal for applications with high voltages. Infineon has developed GaN chips wafers that measure 300mm in size to boost chip production numbers while decreasing manufacturing expenses. Zero Voltage Switching (ZVS) methods when combined with SiC devices allow the creation of smaller and more efficient FACTS components such as Static Var Compensators (STATCOMs) alongside Active Power Filters (APFs).
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Shunt Connected Controllers
Fastest Growth
Combined Shunt-Series Controllers
Growth Rate
6.9% CAGR
Global Flexible Alternating Current Transmission Systems Market ($ Mn)
Country Share for Asia-Pacific Region (%)
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Flexible Alternating Current Transmission Systems Market Segments Analysis
Global Flexible Alternating Current Transmission Systems Market is segmented by Compensation Type, Generation, Controller Type, Component, Application, Industry Vertical and region. Based on Compensation Type, the market is segmented into Shunt Compensation, Series Compensation and Combined Compensation. Based on Generation, the market is segmented into First Generation and Second Generation. Based on Controller Type, the market is segmented into Shunt Connected Controllers, Series Connected Controllers, Combined Shunt-Series Controllers and Combined Series-Series Controllers. Based on Component, the market is segmented into Power Electronics Devices, Phase Shifting Transformers and Protection and Control Systems. Based on Application, the market is segmented into Voltage Control, Power Control, Transmission Capacity, Load Flow Control and Other Applications. Based on Industry Vertical, the market is segmented into Utilities, Renewables, Industrial, Railways and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
How is the Shunt Connected Controllers Segment Shaping the Flexible Alternating Current Transmission Systems Market?
The Shunt Connected Controllers stand as the most powerful force responsible for moving the global Flexible Alternating Current Transmission Systems (FACTS) market based on market valuation. The market value of this segment reached USD 834.36 million during 2024 while showing a robust forecasted annual growth rate of 6.76%. The market leadership of Shunt Connected Controllers exists because of Static VAR Compensators (SVCs) which have become widely deployed together with the swift emergence of Static Synchronous Compensators (STATCOMs) especially in areas that implement ambitious renewable energy programs. Shunt controllers play a vital role in modern transmission systems because they support essential functions which handle the changing patterns of power loads and multiple energy generation sources. The study found that SVCs represent the key sub segment of Shunt Connected Controllers because of their established technology base and high reliability together with their cost-effective nature which became popular for brownfield grid installations in North America and Europe and parts of Asia-Pacific.
The Combined Shunt-Series Controllers lead the Global Flexible AC Transmission System (FACTS) market through their dual voltage operation combined with power flow management capabilities which make them the fastest growing segment due to their exceptional performance with heavy load transmission systems. The rapid adoption of these controllers stems from the rising grid congestion and variability that result from renewable energy integration specifically in China, India and Germany as utilities seek advanced solutions for dynamic grid stabilization and efficient power transfer needs.
How Voltage Control Segment is Maintaining its Growth?
The Voltage Control represents the topmost application segment in the Global Flexible Alternating Current Transmission Systems (FACTS) Market while reaching a market size of USD 556.14 million in 2024 at a 7.33% CAGR throughout the forecast period. Voltage stability serves as a fundamental power transmission infrastructure element which explains why this application maintains its market leadership because of fast-growing renewable energy systems. The increasing voltage fluctuations from solar PV and wind farms mainly in grid edge and rural areas have led to a rising requirement for FACTS systems which include Static VAR Compensators (SVCs) and STATCOMs. These devices serve the primary function of voltage regulation and rapid dynamic response which positions them as essential components for both grid stability management and reactive power compensation in contemporary transmission systems. The research indicates that growing investments in modernizing power grids and expanding renewable infrastructure across major markets in Asia-Pacific and Europe have established the need for advanced voltage control technologies.
Growing power demand in conjunction with limited transmission line expansion opportunities drives the highest growth of the Global Flexible AC Transmission System (FACTS) market in the Transmission Capacity segment. The adoption of FACTS solutions by utility companies in Southeast Asia, the Middle East and certain African regions allows them to boost their power lines without major infrastructure modifications. The market experiences growth because of the increasing urban and industrial development which demands better power distribution systems that deliver higher capacity levels.
Global Flexible Alternating Current Transmission Systems Market Analysis by Application
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Flexible Alternating Current Transmission Systems Market Regional Insights
Why is Asia-Pacific Leading Flexible Alternating Current Transmission Systems Market in 2024?
The Global Flexible AC Transmission System (FACTS) market sees Asia-Pacific as its leading region because of substantial investments in both grid modernization and renewable energy integration. The leading countries in the region China and India implement FACTS through their national energy initiatives which address voltage fluctuations and grid reliability enhancement. The rising solar and wind power installations across the area make it essential to develop transmission systems which can manage the variable power output. The transmission infrastructure of Japan, South Korea and Vietnam is being expanded to support their increasing industrial needs and the demands of urbanization. The implementation of FACTS in the ASEAN region gains momentum because of cross-border power trading initiatives combined with regional grid connection efforts which enhance power flow management and guarantee grid stability.
China Flexible Alternating Current Transmission Systems Market
Most of China's renewable energy generation specifically wind power occurs in Xinjiang Gansu and Inner Mongolia but these locations remain distant from the main load regions which include Guangdong Shanghai and Beijing. The country constructed Ultra High Voltage (UHV) AC and DC lines to send electricity across long distances but these lines are now operating close to their voltage stability and power oscillation management capacity. China has expanded its UHV system by deploying FACTS systems which include STATCOMs and SVCs at its major converter stations and substations. FACTS devices enable the dynamic injection and absorption of reactive power to supply voltage stability throughout extensive UHV line networks. The 14th Five Year Plan of China promotes the development of "digital grids" which integrate real-time data with AI-based control systems and FACTS technologies to manage voltage variability and sustain power quality. China exports its FACTS knowledge to Belt and Road countries which helps its domestic manufacturers NR Electric China XD and TBEA achieve significant market expansion.
India Flexible Alternating Current Transmission Systems Market
India’s expanding power requirements have risen dramatically due to economic growth and electrification drives which now reveal major problems in the interstate and inter regional power corridors. The Western and Northern regions function as leading power consumers while Rajasthan, Gujarat, Tamil Nadu and Andhra Pradesh supply substantial power through their renewable energy resources. The power grid struggles with underutilized assets and significant renewable energy losses due to regional power transfer restrictions. FACTS technologies serve as solutions to handle the challenges faced by the Power Grid Corporation of India (PGCIL) and state transmission utilities. High voltage substation deployment of Static VAR Compensators (SVCs) together with Thyristor Controlled Series Capacitors (TCSCs) delivers improved stability and voltage control capabilities while enhancing transmission system capacity. Through PGCIL's implementation of FACTS solutions in their Northern Region Strengthening and Green Energy Corridor projects the power distribution between Rajasthan solar facilities and Delhi and Uttar Pradesh became more efficient.
Japan Flexible Alternating Current Transmission Systems Market
Japan made a radical transformation in its energy policy After the Fukushima accident in 2011, reducing drastically its dependence on nuclear and hastening the roll-out of renewable energy, particularly solar PV. This shift, though eco-friendly, introduced a complicated technical issue: the Japanese grid is divided into two asynchronous frequencies, 50 Hz in the east and 60 Hz in the west, controlled independently by utilities such as TEPCO and KEPCO. This frequency divide restricts direct power transmission, resulting in islanding effects and power imbalances at the regional level. In order to overcome these, Japan has started to include FACTS based solutions, specifically STATCOMs (Static Synchronous Compensators) and Voltage Source Converters (VSCs), to control regional voltage regulation and allow the limited capacity frequency converters (such as the Higashi Shimizu and Shin Shinano stations) to function better. FACTS systems enable more control over voltage stability and damping of power oscillations, particularly in the case of contingencies or sudden changes in supply or load, conditions more common with high PV penetration.
Why is Demand for Flexible Alternating Current Transmission Systems Fueling Growth in North America?
North America's Flexible AC Transmission System (FACTS) market is spurred by the aging transmission grid, growing penetration of renewable energy, and regulatory focus on grid resiliency. In the United States, the Department of Energy's Grid Modernization Initiative and the funding of the Infrastructure Investment and Jobs Act sponsor the integration of FACTS to improve transmission efficiency and stability. California and Texas are implementing FACTS to manage variable solar and wind power generation, reduce congestion, and slow costly infrastructure upgrades. Hydro-Québec and BC Hydro, Canadian provincial utilities, are using FACTS for voltage control and dynamic reactive power compensation in order to maintain grid stability. Electrification and decarbonization in the region also spur the adoption pace of FACTS to accommodate shifting patterns of power flow.
US Flexible Alternating Current Transmission Systems Market
The US is experiencing a sharp increase in electricity demand due to the aggressive growth of data centers and the adoption of renewable energy. Data centers that power cloud computing and AI are spreading across the country, and as such, it is projected that the national electricity demand will grow by an estimated annual 3% between 2023 and 2028. The increase demands improvement in the transmission system to provide grid reliability and efficiency. FACTS devices like Static VAR Compensators (SVCs) and Static Synchronous Compensators (STATCOMs) are vital to the situation by enhancing voltage stability and allowing more efficient power flow control, thus supporting the added load without requiring extensive new infrastructure. Moreover, government initiatives in the US to upgrade the grid and simplify permitting initiatives further support the use of FACTS technologies.
Canada Flexible Alternating Current Transmission Systems Market
Electricity markets in Canada operate through extensive cross-border trade with the United States which demands resilient and adaptable transmission infrastructure. The vast hydropower capabilities found in various Canadian provinces including Quebec establish the country as a significant producer of renewable energy for the American market. The Quebec-Montreal and Quebec-Northeast United States transmission line at ±450kV HVDC supports the movement of 2,000MW hydroelectric power between these areas to demonstrate the size of electricity trade across the border. FACTS technologies are being adopted by Canadian grid operators to efficiently handle large-scale bidirectional power transfers. The implemented systems support power stability while controlling flow direction and reducing congestion and improving the use of transmission pathways. The adoption of FACTS systems in Canada enables quicker responses to varying demand conditions while ensuring reliable power delivery over interprovincial and international grid networks.
How is Europe Growing in Flexible Alternating Current Transmission Systems Industry?
Europe's Flexible AC Transmission System (FACTS) market is growing strongly, boosted by the region's ambitious renewable energy goals and the necessity to upgrade aging grid infrastructure. The EU's Clean Energy Package requires grid flexibility improvement, leading to utilities embracing FACTS technologies for voltage control and congestion management. Germany and France, among other countries, are investing in smart grid technology to connect decentralized energy sources and electric cars, while the North Seas Energy Cooperation is creating offshore wind grids that require high-level transmission systems. Recent incidents such as the Iberian Peninsula blackout have highlighted the importance of grid upgrades, and efforts have increased to fund and implement FACTS devices for providing stability and supporting the increasing proportion of renewables.
Germany Flexible Alternating Current Transmission Systems Market
The German Energiewende policy demonstrates its ambition by aiming to achieve substantial renewable power transition which is focused on offshore wind generation. Multiple offshore wind power sites in the North Sea depend on advanced power transmission lines for the delivery of electricity to distribution facilities located on the coast. The implementation of HVDC HelWin1 and HVDC BorWin2 demonstrates Germany's dedication to this objective. Through Voltage Sourced Converters (VSC) technology HVDC HelWin1 achieves 130km of cable length to connect offshore wind farms with the onshore grid. BorWin2 enables the transportation of wind-generated electricity from its cluster in Germany to the mainland. These projects illustrate how FACTS technologies become critical for renewable energy system integration by boosting grid stability while improving power quality and allowing long-distance high-voltage power transmission.
France Flexible Alternating Current Transmission Systems Market
France stands as a critical figure in the electricity market of Europe because it remains the biggest electricity consumer yet also functions as a prominent electricity exporter. The country's extensive nuclear power plant system alongside its increasing renewable energy production facilities has resulted in the development of strong electrical connections with Germany, the UK, Belgium, Spain and Italy. Through its participation in the EU's "Clean Energy for All Europeans" initiative, France dedicates its efforts to strengthen its international electricity transmission network. The planned 1.4 GW capacity Gridlink Interconnector between UK and France demonstrates the required advanced high voltage infrastructure which demands FACTS technologies such as SVCs and STATCOMs for reactive power compensation and power flow control. Through these devices, power flows and voltage regulation can be dynamically managed to maintain grid reliability during the transmission of large power loads between different countries.
Italy Flexible Alternating Current Transmission Systems Market
Italy's topography and energy dynamics make grid modernization unavoidable. As most of its renewable energy opportunity lies in the sun-blessed south and windy central parts and most consumption happens in the industrial north, Italy is plagued with a perpetual south to north power flow imbalance. Italy's transmission system operator, Terna, has implemented a 2024–2028 Strategic Plan worth USD 18.7 billion to address regional energy disparities while expanding connections to Italy's fast-growing renewable sector. The Tyrrhenian Link (Sicily and Sardinia to mainland Italy) and the Adriatic Link represent multibillion euro projects that will enhance both current corridors while establishing bidirectional flow. These projects incorporate features that work with both high voltage AC and DC systems. The transmission network in Italy benefits from FACTS solutions integration because these systems provide relief from congestion while enhancing system stability and offering adaptable reactive power control for the various load locations across the Italian peninsula.
Global Flexible Alternating Current Transmission Systems Market By Geography
- Largest
- Fastest
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Flexible Alternating Current Transmission Systems Market Dynamics
Flexible Alternating Current Transmission Systems Market Drivers
Integration of Renewable Energy Sources Driving the Growth of the Flexible Alternating Current Transmission Systems (FACTS) Market
- Renewable energy sources, particularly solar and wind, lead the growth of global Flexible Alternating Current Transmission Systems (FACTS) because they penetrate power grids more extensively. The world is moving towards a 3,870 GW global renewable energy capacity in 2023 which marks a 9.6% increase from the previous year and introduces new stability and efficiency problems to power grids. Grid stability improves and reactive power control becomes possible while transmission losses decrease when utilities deploy FACTS technologies to handle these challenges. The implementation of these solutions becomes critical because countries around the world plan to achieve higher renewable energy penetration without compromising grid reliability. The United States dedicates substantial resources to FACTS-based transmission solutions which will serve offshore wind projects along the East Coast leading to a 2030 installed offshore wind capacity of more than 30 GW.
Aging Power Infrastructure and Grid Modernization
- The electricity supply systems in both developed and emerging nations are over several decades old and face difficulty supporting the rising electrical needs. The American Society of Civil Engineers (ASCE) reported that transmission and distribution infrastructure in the U.S. that exceeds 25 years of age accounts for more than 70% of total structures, which results in regular power disruptions and operational inefficiencies. The European transmission system needs to address its aging infrastructure since more than half of its transmission lines have operated for more than 40 years. The modernization of power grids through utility investments has increased the market supply for FACTS solutions. The Indian government has significantly funded FACTS projects to maintain grid stability while optimizing power transmission networks. The projected 50% increase in global electricity demand by 2040 makes it obligatory to install FACTS solutions in existing power infrastructure.
Flexible Alternating Current Transmission Systems Market Restraints
High Capital Investment and Operational Costs
- Flexible Alternating Current Transmission Systems (FACTS) demand substantial initial funding because implementation costs will range between USD 10 million and USD 50 million according to both equipment features and power system needs. A high-voltage transmission network needs an investment ranging from fifteen million dollars to forty million dollars for Static VAR Compensator (SVC) units and twenty to fifty million dollars for STATCOM systems which provide advanced voltage regulation. The implementation of FACTS technologies faces challenges because the high financial costs for equipment purchase and installation and long-term maintenance create a significant barrier for adoption. Utilities together with grid operators from developing regions struggle to validate these expenses thus delaying the implementation of FACTS solutions in their systems.
Regulatory and Standardization Barriers
- Manufacturers along with utility providers and investors face significant challenges because of the elaborate regulatory environments and unstandardized global rules. Different regions worldwide have their own grid codes as well as technical requirements and approval processes which create obstacles for organizations to establish market-wide integration. The Federal Energy Regulatory Commission (FERC) in the United States together with the North American Electric Reliability Corporation (NERC) establish strict reliability standards which demand FACTS solutions to go through extensive testing before installation. The FACTS providers must adhere to the technical requirements specified by the European Network of Transmission System Operators for Electricity (ENTSO-E). Regulatory fragmentation results in additional expenses and longer project durations.
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Flexible Alternating Current Transmission Systems Market Competitive Landscape
GE Vernova, Siemens Energy, Hitachi Energy, Mitsubishi Electric, and other major participants compete for leadership in the Global Flexible Alternating Current Transmission Systems (FACTS) marketplace through strategic alliances and regional market customization. Companies now prioritize turnkey project implementation which combines design with manufacture and installation and includes after-sales service to maximize value for customers. In May 2024 GE Vernova collaborated with TECO Electric & Machinery Co. to advance Taiwan's grid infrastructure. The project implements STATCOM systems with ±200 Mvar capacity at the ZhangGong Step-up Substation and YongXing Switchyard to manage voltage and reactive power for better renewable energy connection. The basic project implementation principle of TECO involves collaborative work with local partners when executing civil work and on-site operations. The industry's need for renewable energy grid stability solutions has become so significant that such collaborative efforts are now essential for success. Top companies in the research and development sector focus their resources on developing adaptable FACTS systems which match the various national energy transformation strategies in Asia-Pacific and Europe.
Top Player’s Company Profiles
- Siemens AG (Germany)
- Hitachi Energy (Switzerland)
- Mitsubishi Electric Corporation (Japan)
- GE Vernova (USA)
- NR Electric Co., Ltd. (China)
- Hyosung Heavy Industries Corporation (South Korea)
- Rongxin Huiko Electric Company (China)
- American Superconductor (AMSC) (USA)
- Ingeteam Power Technology S.A. (Spain)
- Bharat Heavy Electricals Limited (BHEL) (India)
- Schneider Electric SE (France)
- Maschinenfabrik Reinhausen GmbH (Germany)
- Merus Power Dynamics OY (Finland)
- NARI Group Corporation (China)
- XJ Electric Corporation (China)
- China XD Group Co., Ltd. (China)
- TBEA Co., Ltd. (China)
- Baoding Tianwei Group (TWBB) (China)
- Sieyuan Electric Co., Ltd. (China)
- Power Electronics S.L. (Spain)
Recent Developments in Flexible Alternating Current Transmission Systems
- In December 2024, The Ørsted company placed an order with Hitachi Energy to deliver Enhanced STATCOM technology for development in the UK's Hornsea 4 project. The European offshore wind farm will use the technology to add 2.4 GW of clean energy capacity which equals the power requirements of 2.6 million UK households.
- In December 2024, GE Vernova entered a contract with 50Hertz Transmission GmbH to deploy a 300 Mvar FACTSFLEX Grid Forming (GFM) technology for the German transmission system operator. The Grid Forming Control system of Static Synchronous Compensator (STATCOM) technology strengthens grid stability during Germany's shift toward renewable energy. The implementation of STATCOM units will take place at the Siedenbrünzow and Röhrsdorf substations as an essential component of Germany's Energiewende program.
- In February 2024, Hitachi Energy joined TransnetBW to provide two Enhanced STATCOM stations that feature SVC Light® Enhanced technology. The power quality across Germany's transmission grid which supplies 11 million individuals and multiple industrial operations will receive improvements through this initiative.
Flexible Alternating Current Transmission Systems Key Market Trends
Emerging Trends Shaping the Future of Flexible Alternating Current Transmission Systems
- Short-Term: The current FACTS market depends on immediate requirements for power grid stabilization since more renewable energy is connecting to existing systems. The nations of India, China, and the U.S. have stepped up their deployment of STATCOM and SVC technologies to handle voltage variability and congestion problems in cities and industrial areas. After the pandemic, available stimulus packages together with government incentives have accelerated investments in grid modernization projects that include FACTS technology. The utilities need rapid solutions to enhance grid stability without performing extensive infrastructure changes so they now seek modular FACTS devices to resolve short-term power stability issues.
- Mid-Term: Over the mid-term period, the growth of FACTS markets depends on two main factors: the rising renewable power capacity and the expanding complexity of power transmission networks. The continuous rise of cross-border electricity trading alongside increasing adoption of hybrid transmission systems using traditional and renewable power sources has made FACTS devices essential for maximizing power flow efficiency and grid flexibility improvement. The European and Asia-Pacific regions implement regional policies which prioritize extensive grid modernization through interconnections thus creating major business openings for FACTS integration. The mid-term plan involves using advanced FACTS technologies to enhance grid stability while lowering energy losses and adapting power networks to handle changing renewable generation patterns across interconnected systems.
- Long-Term: The integration of FACTS technology will establish a major role within sophisticated digital power networks throughout the extended period. Predictive grid management will become possible through AI integration and real-time monitoring systems together with machine learning which will enhance efficiency while decreasing power failures. The upcoming evolution of FACTS devices will create adaptive modular units that can serve decentralized energy systems for universal transport, industrial and residential electrification. This transition aligns with global emission reduction objectives and the expanding use of renewable energy sources worldwide. Future advancements in FACTS technology will focus on creating enhanced communication channels which connect smart grid elements with FACTS devices to maximize both grid sustainability and operational performance.
Flexible Alternating Current Transmission Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
The market for Global Flexible Alternating Current Transmission Systems (FACTS) will experience substantial expansion because of two primary factors which include growing renewable energy integration and the decline of existing transmission systems and the increasingly complicated power networks around the world. The immediate market requirements include a fast deployment of STATCOM and SVC products to handle present grid stability problems and traffic congestion. The middle-term market will witness greater expansion of power exchange between nations combined with hybrid transmission lines which will drive the adoption of technologically advanced FACTS systems that enhance power flow management and flexibility. The future power system will show a clear transition toward digitally controlled AI-managed FACTS systems that support predictive power management together with decentralized energy resource operations in smart grids. Market development receives additional momentum from regional programs in Asia-Pacific and Europe as well as from strategic business collaborations and financial investments. FACTS technology will establish itself as an essential component of contemporary power grid systems which supply sustainable and reliable energy for meeting the changing needs of global power consumption.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.4 billion |
| Market size value in 2032 | USD 4.38 billion |
| Growth Rate | 6.9% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Flexible Alternating Current Transmission Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Flexible Alternating Current Transmission Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Flexible Alternating Current Transmission Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Flexible Alternating Current Transmission Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Flexible Alternating Current Transmission Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Flexible Alternating Current Transmission Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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