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Global Flexible AC Transmission Systems (FACTS) Market Research Report 2024

Global Flexible AC Transmission Systems (FACTS) Market Research Report 2024

Publishing Date : Jan, 2024

License Type :
 

Report Code : 1418899

No of Pages : 74

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.
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.
The global Flexible AC Transmission Systems (FACTS) market was valued at US$ 1435.3 million in 2023 and is anticipated to reach US$ 1973.7 million by 2030, witnessing a CAGR of 4.6% during the forecast period 2024-2030.
The leading manufactures mainly are ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC and Hyosung. ABB is the largest manufacturer; its revenue of global market exceeds 31%.
This report aims to provide a comprehensive presentation of the global market for Flexible AC Transmission Systems (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 Systems (FACTS).
Report Scope
The Flexible AC Transmission Systems (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 Systems (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 Systems (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
Others
Segment by Application
Metal Industry
Utilities
Railway
Mining
Other
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 Systems (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.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Flexible AC Transmission Systems (FACTS) Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Shunt Compensation
1.2.3 Series Compensation
1.2.4 Others
1.3 Market by Application
1.3.1 Global Flexible AC Transmission Systems (FACTS) Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Metal Industry
1.3.3 Utilities
1.3.4 Railway
1.3.5 Mining
1.3.6 Other
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Flexible AC Transmission Systems (FACTS) Market Perspective (2019-2030)
2.2 Flexible AC Transmission Systems (FACTS) Growth Trends by Region
2.2.1 Global Flexible AC Transmission Systems (FACTS) Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Flexible AC Transmission Systems (FACTS) Historic Market Size by Region (2019-2024)
2.2.3 Flexible AC Transmission Systems (FACTS) Forecasted Market Size by Region (2025-2030)
2.3 Flexible AC Transmission Systems (FACTS) Market Dynamics
2.3.1 Flexible AC Transmission Systems (FACTS) Industry Trends
2.3.2 Flexible AC Transmission Systems (FACTS) Market Drivers
2.3.3 Flexible AC Transmission Systems (FACTS) Market Challenges
2.3.4 Flexible AC Transmission Systems (FACTS) Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Flexible AC Transmission Systems (FACTS) Players by Revenue
3.1.1 Global Top Flexible AC Transmission Systems (FACTS) Players by Revenue (2019-2024)
3.1.2 Global Flexible AC Transmission Systems (FACTS) Revenue Market Share by Players (2019-2024)
3.2 Global Flexible AC Transmission Systems (FACTS) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Flexible AC Transmission Systems (FACTS) Revenue
3.4 Global Flexible AC Transmission Systems (FACTS) Market Concentration Ratio
3.4.1 Global Flexible AC Transmission Systems (FACTS) Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Flexible AC Transmission Systems (FACTS) Revenue in 2023
3.5 Flexible AC Transmission Systems (FACTS) Key Players Head office and Area Served
3.6 Key Players Flexible AC Transmission Systems (FACTS) Product Solution and Service
3.7 Date of Enter into Flexible AC Transmission Systems (FACTS) Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Flexible AC Transmission Systems (FACTS) Breakdown Data by Type
4.1 Global Flexible AC Transmission Systems (FACTS) Historic Market Size by Type (2019-2024)
4.2 Global Flexible AC Transmission Systems (FACTS) Forecasted Market Size by Type (2025-2030)
5 Flexible AC Transmission Systems (FACTS) Breakdown Data by Application
5.1 Global Flexible AC Transmission Systems (FACTS) Historic Market Size by Application (2019-2024)
5.2 Global Flexible AC Transmission Systems (FACTS) Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Flexible AC Transmission Systems (FACTS) Market Size (2019-2030)
6.2 North America Flexible AC Transmission Systems (FACTS) Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Flexible AC Transmission Systems (FACTS) Market Size by Country (2019-2024)
6.4 North America Flexible AC Transmission Systems (FACTS) Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Flexible AC Transmission Systems (FACTS) Market Size (2019-2030)
7.2 Europe Flexible AC Transmission Systems (FACTS) Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Flexible AC Transmission Systems (FACTS) Market Size by Country (2019-2024)
7.4 Europe Flexible AC Transmission Systems (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 Systems (FACTS) Market Size (2019-2030)
8.2 Asia-Pacific Flexible AC Transmission Systems (FACTS) Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Flexible AC Transmission Systems (FACTS) Market Size by Region (2019-2024)
8.4 Asia-Pacific Flexible AC Transmission Systems (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 Systems (FACTS) Market Size (2019-2030)
9.2 Latin America Flexible AC Transmission Systems (FACTS) Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Flexible AC Transmission Systems (FACTS) Market Size by Country (2019-2024)
9.4 Latin America Flexible AC Transmission Systems (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 Systems (FACTS) Market Size (2019-2030)
10.2 Middle East & Africa Flexible AC Transmission Systems (FACTS) Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Flexible AC Transmission Systems (FACTS) Market Size by Country (2019-2024)
10.4 Middle East & Africa Flexible AC Transmission Systems (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 Systems (FACTS) Introduction
11.1.4 ABB Revenue in Flexible AC Transmission Systems (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 Systems (FACTS) Introduction
11.2.4 Siemens Revenue in Flexible AC Transmission Systems (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 Systems (FACTS) Introduction
11.3.4 RXPE Revenue in Flexible AC Transmission Systems (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 Systems (FACTS) Introduction
11.4.4 Sieyuan Electric Revenue in Flexible AC Transmission Systems (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 Systems (FACTS) Introduction
11.5.4 Mitsubishi Electric Revenue in Flexible AC Transmission Systems (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 Systems (FACTS) Introduction
11.6.4 GE Revenue in Flexible AC Transmission Systems (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 Systems (FACTS) Introduction
11.7.4 Toshiba Revenue in Flexible AC Transmission Systems (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 Systems (FACTS) Introduction
11.8.4 AMSC Revenue in Flexible AC Transmission Systems (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 Systems (FACTS) Introduction
11.9.4 Hyosung Revenue in Flexible AC Transmission Systems (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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