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Global Flexible AC Transmission System (FACTS) Market Research Report 2024
Synopsis
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.
The global Flexible AC Transmission System (FACTS) market was valued at US$ 1270 million in 2023 and is anticipated to reach US$ 1653.7 million by 2030, witnessing a CAGR of 3.8% during the forecast period 2024-2030.
North American market for Flexible AC Transmission System (FACTS) is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Flexible AC Transmission System (FACTS) is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Flexible AC Transmission System (FACTS) in Metal Industry is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Flexible AC Transmission System (FACTS) include ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC and Hyosung, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Flexible AC Transmission System (FACTS), 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 System (FACTS).
Report Scope
The Flexible AC Transmission System (FACTS) market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Flexible AC Transmission System (FACTS) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Flexible AC Transmission System (FACTS) companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
Siemens
RXPE
Sieyuan Electric
Mitsubishi Electric
GE
Toshiba
AMSC
Hyosung
Segment by Type
Shunt Compensation
Series Compensation
Segment by Application
Metal Industry
Railway
Mining
Utilities
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Flexible AC Transmission System (FACTS) companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
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.
The global Flexible AC Transmission System (FACTS) market was valued at US$ 1270 million in 2023 and is anticipated to reach US$ 1653.7 million by 2030, witnessing a CAGR of 3.8% during the forecast period 2024-2030.
North American market for Flexible AC Transmission System (FACTS) is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Flexible AC Transmission System (FACTS) is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Flexible AC Transmission System (FACTS) in Metal Industry is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Flexible AC Transmission System (FACTS) include ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC and Hyosung, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Flexible AC Transmission System (FACTS), 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 System (FACTS).
Report Scope
The Flexible AC Transmission System (FACTS) market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Flexible AC Transmission System (FACTS) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Flexible AC Transmission System (FACTS) companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
Siemens
RXPE
Sieyuan Electric
Mitsubishi Electric
GE
Toshiba
AMSC
Hyosung
Segment by Type
Shunt Compensation
Series Compensation
Segment by Application
Metal Industry
Railway
Mining
Utilities
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Flexible AC Transmission System (FACTS) companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Flexible AC Transmission System (FACTS) Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Shunt Compensation
1.2.3 Series Compensation
1.3 Market by Application
1.3.1 Global Flexible AC Transmission System (FACTS) Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Metal Industry
1.3.3 Railway
1.3.4 Mining
1.3.5 Utilities
1.3.6 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Flexible AC Transmission System (FACTS) Market Perspective (2019-2030)
2.2 Flexible AC Transmission System (FACTS) Growth Trends by Region
2.2.1 Global Flexible AC Transmission System (FACTS) Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Flexible AC Transmission System (FACTS) Historic Market Size by Region (2019-2024)
2.2.3 Flexible AC Transmission System (FACTS) Forecasted Market Size by Region (2025-2030)
2.3 Flexible AC Transmission System (FACTS) Market Dynamics
2.3.1 Flexible AC Transmission System (FACTS) Industry Trends
2.3.2 Flexible AC Transmission System (FACTS) Market Drivers
2.3.3 Flexible AC Transmission System (FACTS) Market Challenges
2.3.4 Flexible AC Transmission System (FACTS) Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Flexible AC Transmission System (FACTS) Players by Revenue
3.1.1 Global Top Flexible AC Transmission System (FACTS) Players by Revenue (2019-2024)
3.1.2 Global Flexible AC Transmission System (FACTS) Revenue Market Share by Players (2019-2024)
3.2 Global Flexible AC Transmission System (FACTS) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Flexible AC Transmission System (FACTS) Revenue
3.4 Global Flexible AC Transmission System (FACTS) Market Concentration Ratio
3.4.1 Global Flexible AC Transmission System (FACTS) Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Flexible AC Transmission System (FACTS) Revenue in 2023
3.5 Flexible AC Transmission System (FACTS) Key Players Head office and Area Served
3.6 Key Players Flexible AC Transmission System (FACTS) Product Solution and Service
3.7 Date of Enter into Flexible AC Transmission System (FACTS) Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Flexible AC Transmission System (FACTS) Breakdown Data by Type
4.1 Global Flexible AC Transmission System (FACTS) Historic Market Size by Type (2019-2024)
4.2 Global Flexible AC Transmission System (FACTS) Forecasted Market Size by Type (2025-2030)
5 Flexible AC Transmission System (FACTS) Breakdown Data by Application
5.1 Global Flexible AC Transmission System (FACTS) Historic Market Size by Application (2019-2024)
5.2 Global Flexible AC Transmission System (FACTS) Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Flexible AC Transmission System (FACTS) Market Size (2019-2030)
6.2 North America Flexible AC Transmission System (FACTS) Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Flexible AC Transmission System (FACTS) Market Size by Country (2019-2024)
6.4 North America Flexible AC Transmission System (FACTS) Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Flexible AC Transmission System (FACTS) Market Size (2019-2030)
7.2 Europe Flexible AC Transmission System (FACTS) Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Flexible AC Transmission System (FACTS) Market Size by Country (2019-2024)
7.4 Europe Flexible AC Transmission System (FACTS) Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Flexible AC Transmission System (FACTS) Market Size (2019-2030)
8.2 Asia-Pacific Flexible AC Transmission System (FACTS) Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Flexible AC Transmission System (FACTS) Market Size by Region (2019-2024)
8.4 Asia-Pacific Flexible AC Transmission System (FACTS) Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Flexible AC Transmission System (FACTS) Market Size (2019-2030)
9.2 Latin America Flexible AC Transmission System (FACTS) Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Flexible AC Transmission System (FACTS) Market Size by Country (2019-2024)
9.4 Latin America Flexible AC Transmission System (FACTS) Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Flexible AC Transmission System (FACTS) Market Size (2019-2030)
10.2 Middle East & Africa Flexible AC Transmission System (FACTS) Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Flexible AC Transmission System (FACTS) Market Size by Country (2019-2024)
10.4 Middle East & Africa Flexible AC Transmission System (FACTS) Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ABB
11.1.1 ABB Company Detail
11.1.2 ABB Business Overview
11.1.3 ABB Flexible AC Transmission System (FACTS) Introduction
11.1.4 ABB Revenue in Flexible AC Transmission System (FACTS) Business (2019-2024)
11.1.5 ABB Recent Development
11.2 Siemens
11.2.1 Siemens Company Detail
11.2.2 Siemens Business Overview
11.2.3 Siemens Flexible AC Transmission System (FACTS) Introduction
11.2.4 Siemens Revenue in Flexible AC Transmission System (FACTS) Business (2019-2024)
11.2.5 Siemens Recent Development
11.3 RXPE
11.3.1 RXPE Company Detail
11.3.2 RXPE Business Overview
11.3.3 RXPE Flexible AC Transmission System (FACTS) Introduction
11.3.4 RXPE Revenue in Flexible AC Transmission System (FACTS) Business (2019-2024)
11.3.5 RXPE Recent Development
11.4 Sieyuan Electric
11.4.1 Sieyuan Electric Company Detail
11.4.2 Sieyuan Electric Business Overview
11.4.3 Sieyuan Electric Flexible AC Transmission System (FACTS) Introduction
11.4.4 Sieyuan Electric Revenue in Flexible AC Transmission System (FACTS) Business (2019-2024)
11.4.5 Sieyuan Electric Recent Development
11.5 Mitsubishi Electric
11.5.1 Mitsubishi Electric Company Detail
11.5.2 Mitsubishi Electric Business Overview
11.5.3 Mitsubishi Electric Flexible AC Transmission System (FACTS) Introduction
11.5.4 Mitsubishi Electric Revenue in Flexible AC Transmission System (FACTS) Business (2019-2024)
11.5.5 Mitsubishi Electric Recent Development
11.6 GE
11.6.1 GE Company Detail
11.6.2 GE Business Overview
11.6.3 GE Flexible AC Transmission System (FACTS) Introduction
11.6.4 GE Revenue in Flexible AC Transmission System (FACTS) Business (2019-2024)
11.6.5 GE Recent Development
11.7 Toshiba
11.7.1 Toshiba Company Detail
11.7.2 Toshiba Business Overview
11.7.3 Toshiba Flexible AC Transmission System (FACTS) Introduction
11.7.4 Toshiba Revenue in Flexible AC Transmission System (FACTS) Business (2019-2024)
11.7.5 Toshiba Recent Development
11.8 AMSC
11.8.1 AMSC Company Detail
11.8.2 AMSC Business Overview
11.8.3 AMSC Flexible AC Transmission System (FACTS) Introduction
11.8.4 AMSC Revenue in Flexible AC Transmission System (FACTS) Business (2019-2024)
11.8.5 AMSC Recent Development
11.9 Hyosung
11.9.1 Hyosung Company Detail
11.9.2 Hyosung Business Overview
11.9.3 Hyosung Flexible AC Transmission System (FACTS) Introduction
11.9.4 Hyosung Revenue in Flexible AC Transmission System (FACTS) Business (2019-2024)
11.9.5 Hyosung Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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