Flexible AC Transmission Systems Market

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.
Flexible AC Transmission Systems Market aims to provide a comprehensive presentation of the global market for Flexible AC Transmission (FACT) Systems, 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 (FACT) Systems. Flexible AC Transmission Systems Market contains market size and forecasts of Flexible AC Transmission (FACT) Systems in global, including the following market information:
Global Flexible AC Transmission (FACT) Systems Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Flexible AC Transmission (FACT) Systems market was valued at US$ 1306.8 million in 2022 and is projected to reach US$ 1678 million by 2029, at a CAGR of 3.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 46% in 2017. The next is Asia-Pacific.
We surveyed the Flexible AC Transmission (FACT) Systems companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Flexible AC Transmission (FACT) Systems Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Flexible AC Transmission (FACT) Systems Market Segment Percentages, by Type, 2022 (%)
Shunt Compensation
Series Compensation
Others
Global Flexible AC Transmission (FACT) Systems Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Flexible AC Transmission (FACT) Systems Market Segment Percentages, by Application, 2022 (%)
Metal Industry
Railway
Mining
Utilities
Others
Global Flexible AC Transmission (FACT) Systems Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Flexible AC Transmission (FACT) Systems Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Flexible AC Transmission (FACT) Systems revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Flexible AC Transmission (FACT) Systems revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Siemens
RXPE
Sieyuan Electric
Mitsubishi Electric
GE
Toshiba
AMSC
Hyosung
Outline of Major Chapters:
Chapter 1: Introduces the definition of Flexible AC Transmission (FACT) Systems, market overview.
Chapter 2: Global Flexible AC Transmission (FACT) Systems market size in revenue.
Chapter 3: Detailed analysis of Flexible AC Transmission (FACT) Systems company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by 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 6: Sales of Flexible AC Transmission (FACT) Systems in regional level and country level. 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 of each country in the world.
Chapter 7: 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 8: The main points and conclusions of the report.