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 contains market size and forecasts of Flexible AC Transmission Systems (FACTS) in Global, including the following market information:

Global Flexible AC Transmission Systems (FACTS) Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Flexible AC Transmission Systems (FACTS) market was valued at 1476.9 million in 2021 and is projected to reach US$ 1996.7 million by 2028, at a CAGR of 4.4% 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 AC Transmission Systems (FACTS) include ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC and Hyosung. etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Flexible AC Transmission Systems (FACTS) 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 Systems (FACTS) Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Flexible AC Transmission Systems (FACTS) Market Segment Percentages, by Type, 2021 (%)

Shunt Compensation

Series Compensation

Others

Global Flexible AC Transmission Systems (FACTS) Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Flexible AC Transmission Systems (FACTS) Market Segment Percentages, by Application, 2021 (%)

Metal Industry

Utilities

Railway

Mining

Other

Global Flexible AC Transmission Systems (FACTS) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Flexible AC 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 AC Transmission Systems (FACTS) revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Flexible AC Transmission Systems (FACTS) revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

ABB

Siemens

RXPE

Sieyuan Electric

Mitsubishi Electric

GE

Toshiba

AMSC

Hyosung