Global Flexible AC Transmission Systems FACTS
Market Report
2025
The global Flexible AC Transmission Systems (FACTS) market size is USD 1.3 billion in 2024. The Flexible AC Transmission Systems (FACTS) market will show strongest growth with a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. The market's expansion is ascribed to the growing adoption of smart grid networks and distributed generating technologies. Furthermore, the market is anticipated to increase as a result of large-scale motor control operations and heavy-duty industrial machinery.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Compensation Type |
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Market Split by Generation Type |
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Market Split by Function |
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Market Split by Components |
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Market Split by Application |
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Market Split by Vertical |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Flexible AC Transmission Systems FACTS Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A technique used in power transmission systems to improve efficiency and regulate the flow of electricity is called a flexible AC transmission system (FACTS). These gadgets increase the grid's overall stability and dependability while also enhancing power transmission efficiency and lowering power losses. It involves the application of sophisticated control systems and power electronics, which allow for the real-time regulation of reactive power, voltage, and current on the transmission line. This lessens issues like voltage instability and grid oscillations and helps to stabilize the grid and control the flow of power. The market is mostly driven by the growing need for electricity worldwide, which has led to the construction of additional transmission lines and power infrastructure. FACTS technology is an effective way to satisfy the growing demand for electricity since it allows utilities to expand power transfer capacity and improve grid dependability. Furthermore, another significant growth-inducing element is the rising government spending on smart grid construction as a result of many nations' aging power grid infrastructure.
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December 2023: At the 500-kV Zongjiang Substation in Dongguan, Guangdong, two sets of 100-MVAr STATCOMs were installed by NR Electric Co. Ltd. After a thorough testing procedure that included low-voltage ride-throughs, redundancy tests, and 1.5-times overload operation, the STATCOMs were successfully brought into service. (Source: https://www.nrec.com/en/index.php/about/newsInfo/150.html )
Top Companies Market Share in Flexible AC Transmission Systems FACTS Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The main factor propelling the market expansion in the North American area is the rising demand for grid modernization brought on by ongoing advancements in energy utilities. Additionally, it is anticipated that rising investments in the superior integration of renewable sources into power grids and the replacement of outdated energy transmission and distribution infrastructures will accelerate market expansion in North America. For instance, the U.S. Department of Energy committed over $220 million in 2018 to update the infrastructure of the nation's electrical grid systems.
Asia-Pacific stands out as the fastest-growing region in the Flexible AC Transmission Systems (FACTS) market. The strong economic growth in the area is driving rising energy demand, which calls for enhancements to the transmission system. Increased population leads to increased electricity demand, which in turn drives investments in grid efficiency and capacity. Growing electricity consumption brought on by urbanization necessitates better transmission infrastructure to keep up with the demand for energy in cities. In order to efficiently manage variable power generation, Asia Pacific's push for renewable energy integration calls for sophisticated grid control technologies like FACTS.
The current report Scope analyzes Flexible AC Transmission Systems FACTS Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Flexible AC Transmission Systems FACTS Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Flexible AC Transmission Systems FACTS Industry growth. Flexible AC Transmission Systems FACTS market has been segmented with the help of its Compensation Type, Generation Type Function, and others. Flexible AC Transmission Systems FACTS market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
In order to shape the structure and growth potential of the business, the Flexible AC Transmission Systems FACTS market is usually categorized by Compensation Type. Businesses can prioritize expenditures, spur innovation, and modify products to satisfy changing customer needs by identifying high-performing product categories through market analysis by Compensation Type. Businesses can remain ahead of market changes by strategically concentrating on the most profitable prospects by analyzing the demand trends and performance indicators of each segment. Businesses can use this knowledge to guide long-term strategy planning and resource allocation by identifying which market segments are likely to see slower or stagnant growth and which are positioned for rapid increase.
Compensation Type of Flexible AC Transmission Systems FACTS analyzed in this report are as follows:
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Segmenting the Flexible AC Transmission Systems FACTS market by Generation Type is essential for understanding industry dynamics and identifying key demand drivers. Generation Type refer to the specific use cases or end-user industries that rely on Flexible AC Transmission Systems FACTS products and services. These applications span a wide range of sectors, including healthcare, manufacturing, retail, aerospace, automotive, and telecommunications, among others. By analyzing the market based on its applications, businesses can gain valuable insights into which industries are adopting Flexible AC Transmission Systems FACTS solutions most effectively and where new opportunities are emerging. Additionally, tracking application trends helps identify high-growth industries, areas of innovation, and market saturation levels, allowing companies to strategically position themselves in the most promising and profitable segments.
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Some of the key Generation Type of Flexible AC Transmission Systems FACTS are:
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According to cognitive market research, utilities are the dominant category. FACTS is used in electric utility applications such as power oscillation damping, voltage control, transmission capacity expansion, network stabilization, and power flow management. FACTS devices offer a cost-effective and efficient way to relieve the load on current transmission lines and reduce the capital outlay needed to construct new network extensions. Given the global demand for electricity, companies like GE and Siemens supply FACTS to electric utilities.
Research Associate at Cognitive Market Research
Sumedha Gosavi is a Research Analyst with a specialized focus on the automobile and transportation sectors. With over two years of experience, she excels in conducting in-depth secondary research, competitive analysis, and market forecasting to deliver actionable insights that drive strategic decision-making.
In her current role, Sumedha leads research initiatives in the dynamic fields of automotive and transportation, identifying key trends, technological advancements, and market opportunities. Her ability to craft tailored research methodologies and distill complex data into clear, impactful strategies has been instrumental in enhancing her organization’s competitive edge.
With a deep passion for innovation in mobility and a commitment to continuous learning, Sumedha remains at the forefront of industry developments. Her expertise and analytical acumen make her an invaluable asset in navigating the ever evolving landscape of automobile and transportation research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Flexible AC Transmission Systems FACTS Market is witnessing significant growth in the near future.
In 2023, the Shunt compensation segment accounted for noticeable share of global Flexible AC Transmission Systems FACTS Market and is projected to experience significant growth in the near future.
The First generation segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ABB (Switzerland), SIEMENS (Germany) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Compensation Type | Shunt compensation, Series compensation, Combined compensation |
Generation Type | First generation, Second generation |
Function | Voltage control, Network stabilization, Transmission capacity, Harmonic suppression |
Components | Power electronics devices, ??Phase shifting transformers, ??Protection and control systems |
Application | Voltage control, Power control |
Vertical | Utilities, ??Renewables, ??Industrial, ??Railways |
List of Competitors | ABB (Switzerland), Eaton (U.S.), SIEMENS (Germany), Cisco Systems, Inc., (U.S.), LARSEN & TOUBRO LIMITED (India), Sensata Technologies Inc., (U.S.), Hyundai Motors (South Korea), C&S Electric Limited (India), Hitachi Ltd., (Japan), Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan), Fuji Electric Co. Ltd., (Japan), Powell Industries (U.S.), Schneider Electric (France), Tavrida Electric (Russia), ENTEC Electric and Electronic (South Korea) |
This chapter will help you gain GLOBAL Market Analysis of Flexible AC Transmission Systems FACTS. Further deep in this chapter, you will be able to review Global Flexible AC Transmission Systems FACTS Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Flexible AC Transmission Systems FACTS. Further deep in this chapter, you will be able to review North America Flexible AC Transmission Systems FACTS Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Flexible AC Transmission Systems FACTS. Further deep in this chapter, you will be able to review Europe Flexible AC Transmission Systems FACTS Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Flexible AC Transmission Systems FACTS. Further deep in this chapter, you will be able to review Asia Pacific Flexible AC Transmission Systems FACTS Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Flexible AC Transmission Systems FACTS. Further deep in this chapter, you will be able to review South America Flexible AC Transmission Systems FACTS Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Flexible AC Transmission Systems FACTS. Further deep in this chapter, you will be able to review Middle East Flexible AC Transmission Systems FACTS Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Flexible AC Transmission Systems FACTS. Further deep in this chapter, you will be able to review Middle East Flexible AC Transmission Systems FACTS Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Flexible AC Transmission Systems FACTS. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Compensation Type Analysis 2019 -2031, will provide market size split by Compensation Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Compensation Type Analysis 2021 - 2033
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Chapter 11 Market Split by Generation Type Analysis 2021 - 2033
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Chapter 12 Market Split by Function Analysis 2021 - 2033
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Chapter 13 Market Split by Components Analysis 2021 - 2033
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Chapter 14 Market Split by Application Analysis 2021 - 2033
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Chapter 15 Market Split by Vertical Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Flexible AC Transmission Systems FACTS market
Chapter 16 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 17 Research Methodology and Sources
Why Shunt compensation have a significant impact on Flexible AC Transmission Systems FACTS market? |
What are the key factors affecting the Shunt compensation and Series compensation of Flexible AC Transmission Systems FACTS Market? |
What is the CAGR/Growth Rate of First generation during the forecast period? |
By type, which segment accounted for largest share of the global Flexible AC Transmission Systems FACTS Market? |
Which region is expected to dominate the global Flexible AC Transmission Systems FACTS Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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