Flexible Alternating Current 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.
Flexible Alternating Current Transmission Systems Market contains market size and forecasts of Flexible Alternating Current Transmission Systems (FACTS) in global, including the following market information:
Global Flexible Alternating Current Transmission Systems (FACTS) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Flexible Alternating Current Transmission Systems (FACTS) Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Flexible Alternating Current Transmission Systems (FACTS) companies in 2021 (%)
The global Flexible Alternating Current Transmission Systems (FACTS) market was valued at 1371.2 million in 2021 and is projected to reach US$ 1938.7 million by 2028, at a CAGR of 5.1% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Shunt Compensation Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Flexible Alternating Current Transmission Systems (FACTS) include ABB, Siemens, Mitsubishi Electric, RXPE, GE, Toshiba, Sieyuan Electric, Hyosung and AMSC. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Flexible Alternating Current Transmission Systems (FACTS) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Flexible Alternating Current Transmission Systems (FACTS) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Flexible Alternating Current Transmission Systems (FACTS) Market Segment Percentages, by Type, 2021 (%)
Shunt Compensation
Series Compensation
Global Flexible Alternating Current Transmission Systems (FACTS) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Flexible Alternating Current Transmission Systems (FACTS) Market Segment Percentages, by Application, 2021 (%)
Metal Industry
Utilities
Railway
Mining
Global Flexible Alternating Current Transmission Systems (FACTS) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Flexible Alternating Current Transmission Systems (FACTS) Market Segment Percentages, By Region and Country, 2021 (%)
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 Alternating Current Transmission Systems (FACTS) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Flexible Alternating Current Transmission Systems (FACTS) revenues share in global market, 2021 (%)
Key companies Flexible Alternating Current Transmission Systems (FACTS) sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Flexible Alternating Current Transmission Systems (FACTS) sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Siemens
Mitsubishi Electric
RXPE
GE
Toshiba
Sieyuan Electric
Hyosung
AMSC