Flexible AC Transmission System (FACTS) Global Market Report 2024

Global Flexible AC Transmission System FACTS Market Report 2024

Flexible AC Transmission System (FACTS) Global Market Report 2024 – By Product (Static Synchronous Compensator (STATCOM), Static Var Compensator (SVC), Unified Power Flow Controllers (UPFC), Thyristor Controlled Series Compensator (TCSC)), By Compensation Type (Shunt Compensation, Series Compensation, Combined Series-Shunt Compensation), By Functionality (Voltage Control, Network Stabilization, Transmission Capacity), By Application (Utilities, Renewables, Industrial, Railways, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

Name: Flexible AC Transmission System (FACTS) Global Market Report 2024
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Flexible AC Transmission System (FACTS) Global Market Report 2024

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Flexible AC Transmission System (FACTS) Global Market Report 2024

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Flexible AC Transmission System (FACTS) Market Definition

A flexible AC transmission system (FACTS) refers to a collection of tools that are used to get around certain restrictions on the electrical networks' capability for static and dynamic transmission. They are used to regulate the voltage, oscillation damping, transient stability improvement, and power flow in transmission lines.

The main products of the flexible AC transmission systems include static synchronous compensator (STATCOM), static vary compensator (SVC), unified power flow controllers (UPFC), and thyristor-controlled series compensator (TCSC). A static synchronous compensator (STATCOM) refers to a power-quality FACTS device that uses multiple inverters or a VSC connected in series to a transmission line. They are operated through various compensation types such as shunt compensation, series compensation, and combined series-shunt compensation and are categorized based on functionality voltage control, network stabilization, and transmission capacity for applications in utilities, renewables, industrial, railways, and other applications.

Flexible AC Transmission System (FACTS) Market Segmentation

The flexible ac transmission system (facts) market covered in this report is segmented –

1) By Product: Static Synchronous Compensator (STATCOM), Static Var Compensator (SVC), Unified Power Flow Controllers (UPFC), Thyristor Controlled Series Compensator (TCSC)

2) By Compensation Type: Shunt Compensation, Series Compensation, Combined Series-Shunt Compensation

3) By Functionality: Voltage Control, Network Stabilization, Transmission Capacity

4) By Application: Utilities, Renewables, Industrial, Railways, Other Applications

Global Flexible AC Transmission System (FACTS) Market Size 2023 to 2028: Graph

Flexible AC Transmission System (FACTS) Market Size 2024 And Growth Rate

The flexible ac transmission system (facts) market size has grown strongly in recent years. It will grow from $1.39 billion in 2023 to $1.48 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to grid reliability concerns, aging power infrastructure, electricity market deregulation, transmission line congestion, global expansion of high-voltage networks, environmental concerns.

Flexible AC Transmission System (FACTS) Market Growth Forecast

The flexible ac transmission system (facts) market size is expected to see strong growth in the next few years. It will grow to $1.9 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increased penetration of electric vehicles, grid resilience against natural disasters, transition to renewable energy, cybersecurity concerns, decentralized energy generation. Major trends in the forecast period include multi-terminal hvdc systems, integration of energy storage, energy efficiency and conservation, voltage source converters (vsc) in facts, next-generation facts technologies, integration of advanced power electronics.

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Flexible AC Transmission System (FACTS) Market Driver: The Surge Of Flexible Ac Transmission Systems Market Fueled By Robust Growth In Grid Infrastructure

The expansion of grid infrastructure is expected to propel the growth of the flexible AC transmission systems market going forward. Grid infrastructure refers to a system of power plants, power lines, and power substations. Flexible AC Transmission Networks (FACTS) are used in grid infrastructure to increase transmission line capacity and enhance system stability by decreasing a power line's transfer reactance. For instance, in September 2022, the International Energy Agency (IEA), a France-based intergovernmental agency, reported that the grid infrastructure between 2021 and 2030 would grow 44-fold to 680 GW. Increasing from 6 GW in 2021, about 140 GW of capacity will be created in 2030. Therefore, the expansion of the grid infrastructure is driving the growth of the flexible AC transmission systems market going forward.

Flexible AC Transmission System (FACTS) Market Driver: Flexible Ac Transmission Systems Paving The Way For Renewable Energy Integration

Integration of renewable energy is expected to propel the growth of the flexible AC transmission systems market going forward. Renewable energy refers to energy derived from sources that are naturally replenished on a human timescale and are considered sustainable over the long term. Flexible AC Transmission Systems (FACTS) enhance grid stability by dynamically controlling voltage and reactive power, accommodating fluctuations from renewable sources. FACTS technologies, such as SVCs and STATCOMs, optimize power flow and improve system reliability, enabling efficient integration of renewable energy into the electrical grid. This synergy enhances grid flexibility and helps maximize the utilization of renewable resources. For instance, in 2023, according to Energy Information Administration, a US-based government agencyin the first half of 2023, renewable energy sources supplied 25% of the nation's electrical generation, with solar power contributing 5.77% of all US electrical generation. Therefore, integration of renewable energy is driving the flexible AC transmission systems market.

Global Flexible AC Transmission System (FACTS) Market Major Players

Major companies operating in the flexible ac transmission system (facts) market report are ABB Ltd., Adani Power Limited, Alstom SA, Mitsubishi Electric Corporation, CG Power and Industrial Solutions Limited, General Electric Company, Siemens AG, Eaton Corporation plc, NR Electric Co. Ltd., American Superconductor Corporation, Liaoning Rongxin Xingye Power Technology Co. Ltd., Toshiba Corporation, American Electric Power Company Inc., S&C Electric Company, Arteche Group, Rongxin Power Electronic Co. Ltd., Sieyuan Electric Co.Ltd., Fuji Electric Co. Ltd., LSIS Co. Ltd., Bharat Heavy Electricals Limited, Schneider Electric SE, Hyosung Heavy Industries Corporation, Infineon Technologies AG, Hitachi ABB Power Grids Ltd., RWE Renewables GmbH, Crompton Greaves Limited, Nordex SE, Goldwind Science & Technology Co. Ltd., Enel Green Power S.p.A., Lenze SE, Vestas Wind Systems A/S

Global Flexible AC Transmission System (FACTS) Market Trend: Technological Advancements In Flexible Ac Transmission Systems

Technological innovations are a key trend gaining popularity in the flexible AC transmission systems market. Companies operating in the flexible AC transmission systems market are adopting new technologies to sustain their position in the market. For instance, Siemens Energy AG, a German-based manufacturer of gas turbines, steam turbines, generators, and transformers, launched UPFC Plus (Unified Power Flow Controller), which is a combination of STATCOM (Static Synchronous Compensator) and Static Synchronous Series Compensator (SSSC) based on VSC (Voltage Source Converter) technology. The UPFC PLUS would assist system operators in grid stabilization by dynamically managing load flow in alternating-current grids. This also expands grid operators' ability to respond quickly to shifting power demand to enable renewable energy integration while also ensuring grid resilience and stability.

Global Flexible AC Transmission System (FACTS) Market Trend: Strategic Collaborations Shaping The Future Of Flexible Ac Transmission Systems Market

Major companies operating in the flexible AC transmission systems market are focusing on partnerships to sustain their position in the market.Partnerships in FACTS can expedite technological advancements, reduce costs, mitigate risks, and facilitate a more rapid and efficient implementation of these systems in the power grid infrastructure, benefiting both the industry and consumers. For instance, in September 2023, Hitachi, a Japan-based company, specializing in various business sectors, including power systems, electronic systems and equipment, collaborated with TenneT, a Europe-based transmission system operator, to promote the development of Germany's transmission grid. The objective of this strategic partnership is to expedite the energy transition by utilizing sustainable and high-performing equipment to modernize and enhance the capacity and stability of the power grid.

Flexible AC Transmission System (FACTS) Market Merger And Acquisition: Dnv's Strategic Acquisition Of Psd Consulting Engineers Expands Expertise In Power System Planning And Facts Advisory Services

In November 2022, DNV AS, a Norway-based global independent expert, acquired PSD Consulting Engineers Ltd. for an undisclosed amount. This acquisition will be crucial to DNV's service offerings in the areas of power system planning and flexible AC transmission systems (FACTS), enhancing its offerings to the world's power market with PSD's international project references, global customer portfolio, and international reputation for FACTS advisory services. PSD Consulting Engineering Pty. Ltd is a South African-based, company that performs engineering design work for HVDC, series capacitors, dynamic and static shunt compensation and transmission and distribution lines and substations.

Regional Analysis For The Global Flexible AC Transmission System (FACTS) Market

North America was the largest region in the flexible AC transmission systems (FACTS) market in 2023. Europe is expected to be the fastest-growing region in the global flexible AC transmission systems market during the forecast period. The regions covered in the flexible ac transmission system (facts) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the flexible ac transmission system (facts) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The flexible AC transmission systems market consists of revenues earned by entities by providing services such as power flow control, voltage control, power conditioning, power quality improvement, and stability improvement. The market value includes the value of related goods sold by the service provider or included within the service offering. The flexible AC transmission systems market also includes sales of shunt controllers, series controllers, and phase angle controllers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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Flexible AC Transmission System (FACTS) Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$1.48 billion
Revenue Forecast In 2033	$1.9 billion
Growth Rate	CAGR of 6.5% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Product: Static Synchronous Compensator (STATCOM), Static Var Compensator (SVC), Unified Power Flow Controllers (UPFC), Thyristor Controlled Series Compensator (TCSC) 2) By Compensation Type: Shunt Compensation, Series Compensation, Combined Series-Shunt Compensation 3) By Functionality: Voltage Control, Network Stabilization, Transmission Capacity 4) By Application: Utilities, Renewables, Industrial, Railways, Other Applications
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	ABB Ltd.; Adani Power Limited; Alstom SA; Mitsubishi Electric Corporation; CG Power and Industrial Solutions Limited; General Electric Company; Siemens AG; Eaton Corporation plc; NR Electric Co. Ltd.; American Superconductor Corporation; Liaoning Rongxin Xingye Power Technology Co. Ltd.; Toshiba Corporation; American Electric Power Company Inc.; S&C Electric Company; Arteche Group; Rongxin Power Electronic Co. Ltd.; Sieyuan Electric Co.Ltd.; Fuji Electric Co. Ltd.; LSIS Co. Ltd.; Bharat Heavy Electricals Limited; Schneider Electric SE; Hyosung Heavy Industries Corporation; Infineon Technologies AG; Hitachi ABB Power Grids Ltd.; RWE Renewables GmbH; Crompton Greaves Limited; Nordex SE; Goldwind Science & Technology Co. Ltd.; Enel Green Power S.p.A.; Lenze SE; Vestas Wind Systems A/S
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Flexible AC Transmission System (FACTS) Market Characteristics

3. Flexible AC Transmission System (FACTS) Market Trends And Strategies

4. Flexible AC Transmission System (FACTS) Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market

4.2. Ukraine-Russia War Impact On the Market

4.3. COVID-19 Impact On the Market

5. Global Flexible AC Transmission System (FACTS) Market Size and Growth

5.1. Global Flexible AC Transmission System (FACTS) Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Flexible AC Transmission System (FACTS) Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Flexible AC Transmission System (FACTS) Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Flexible AC Transmission System (FACTS) Market Segmentation

6.1. Global Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Static Synchronous Compensator (STATCOM)

Static Var Compensator (SVC)

Unified Power Flow Controllers (UPFC)

Thyristor Controlled Series Compensator (TCSC)

6.2. Global Flexible AC Transmission System (FACTS) Market, Segmentation By Compensation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Shunt Compensation

Series Compensation

Combined Series-Shunt Compensation

6.3. Global Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Voltage Control

Network Stabilization

Transmission Capacity

6.4. Global Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Utilities

Renewables

Industrial

Railways

Other Applications

7. Flexible AC Transmission System (FACTS) Market Regional And Country Analysis

7.1. Global Flexible AC Transmission System (FACTS) Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Flexible AC Transmission System (FACTS) Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Flexible AC Transmission System (FACTS) Market

8.1. Asia-Pacific Flexible AC Transmission System (FACTS) Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Flexible AC Transmission System (FACTS) Market

9.1. China Flexible AC Transmission System (FACTS) Market Overview

9.2. China Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Flexible AC Transmission System (FACTS) Market

10.1. India Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Flexible AC Transmission System (FACTS) Market

11.1. Japan Flexible AC Transmission System (FACTS) Market Overview

11.2. Japan Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Flexible AC Transmission System (FACTS) Market

12.1. Australia Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Flexible AC Transmission System (FACTS) Market

13.1. Indonesia Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Flexible AC Transmission System (FACTS) Market

14.1. South Korea Flexible AC Transmission System (FACTS) Market Overview

14.2. South Korea Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Flexible AC Transmission System (FACTS) Market

15.1. Western Europe Flexible AC Transmission System (FACTS) Market Overview

15.2. Western Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Flexible AC Transmission System (FACTS) Market

16.1. UK Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Flexible AC Transmission System (FACTS) Market

17.1. Germany Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Flexible AC Transmission System (FACTS) Market

18.5. France Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.6. France Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.7. France Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Flexible AC Transmission System (FACTS) Market

19.9. Italy Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.10. Italy Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.11. Italy Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Flexible AC Transmission System (FACTS) Market

20.13. Spain Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.14. Spain Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.15. Spain Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Flexible AC Transmission System (FACTS) Market

21.1. Eastern Europe Flexible AC Transmission System (FACTS) Market Overview

21.2. Eastern Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Flexible AC Transmission System (FACTS) Market

22.1. Russia Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Flexible AC Transmission System (FACTS) Market

23.1. North America Flexible AC Transmission System (FACTS) Market Overview

23.2. North America Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Flexible AC Transmission System (FACTS) Market

24.1. USA Flexible AC Transmission System (FACTS) Market Overview

24.2. USA Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Flexible AC Transmission System (FACTS) Market

25.1. Canada Flexible AC Transmission System (FACTS) Market Overview

25.2. Canada Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Flexible AC Transmission System (FACTS) Market

26.1. South America Flexible AC Transmission System (FACTS) Market Overview

26.2. South America Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Flexible AC Transmission System (FACTS) Market

27.1. Brazil Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Flexible AC Transmission System (FACTS) Market

28.1. Middle East Flexible AC Transmission System (FACTS) Market Overview

28.2. Middle East Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Flexible AC Transmission System (FACTS) Market

29.1. Africa Flexible AC Transmission System (FACTS) Market Overview

29.2. Africa Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Flexible AC Transmission System (FACTS) Market Competitive Landscape And Company Profiles

30.1. Flexible AC Transmission System (FACTS) Market Competitive Landscape

30.2. Flexible AC Transmission System (FACTS) Market Company Profiles

30.2.1. ABB Ltd.

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Adani Power Limited

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Alstom SA

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Mitsubishi Electric Corporation

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. CG Power and Industrial Solutions Limited

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Global Flexible AC Transmission System (FACTS) Market Competitive Benchmarking

32. Global Flexible AC Transmission System (FACTS) Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Flexible AC Transmission System (FACTS) Market

34. Flexible AC Transmission System (FACTS) Market Future Outlook and Potential Analysis

34.1 Flexible AC Transmission System (FACTS) Market In 2028 - Countries Offering Most New Opportunities

34.2 Flexible AC Transmission System (FACTS) Market In 2028 - Segments Offering Most New Opportunities

34.3 Flexible AC Transmission System (FACTS) Market In 2028 - Growth Strategies

34.3.1 Market Trend Based Strategies

34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations

35.2. Currencies

35.3. Historic And Forecast Inflation Rates

35.4. Research Inquiries

35.5. The Business Research Company

35.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Compensation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Flexible AC Transmission System (FACTS) Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Flexible AC Transmission System (FACTS) Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: ABB Ltd. Financial Performance

Table 76: Adani Power Limited Financial Performance

Table 77: Alstom SA Financial Performance

Table 78: Mitsubishi Electric Corporation Financial Performance

Table 79: CG Power and Industrial Solutions Limited Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Compensation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Flexible AC Transmission System (FACTS) Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Flexible AC Transmission System (FACTS) Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: ABB Ltd. Financial Performance

Figure 76: Adani Power Limited Financial Performance

Figure 77: Alstom SA Financial Performance

Figure 78: Mitsubishi Electric Corporation Financial Performance

Figure 79: CG Power and Industrial Solutions Limited Financial Performance

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Frequently Asked Questions

What is the definition of the flexible AC transmission system facts market?

How will the flexible AC transmission system facts market drivers and restraints affect the flexible AC transmission system facts market dynamics? What forces will shape the flexible AC transmission system facts industry going forward?

The flexible AC transmission system facts market major growth driver - the surge of flexible ac transmission systems market fueled by robust growth in grid infrastructure. For further insights on the flexible AC transmission system FACTS market, request a sample here

What is the forecast market size or the forecast market value of the flexible AC transmission system facts market ?

The flexible ac transmission system (facts) market size has grown strongly in recent years. It will grow from $1.39 billion in 2023 to $1.48 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to grid reliability concerns, aging power infrastructure, electricity market deregulation, transmission line congestion, global expansion of high-voltage networks, environmental concerns. The flexible ac transmission system (facts) market size is expected to see strong growth in the next few years. It will grow to $1.9 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increased penetration of electric vehicles, grid resilience against natural disasters, transition to renewable energy, cybersecurity concerns, decentralized energy generation. Major trends in the forecast period include multi-terminal hvdc systems, integration of energy storage, energy efficiency and conservation, voltage source converters (vsc) in facts, next-generation facts technologies, integration of advanced power electronics. For further insights on the flexible AC transmission system FACTS market, request a sample here

How is the flexible AC transmission system facts market segmented?

The flexible AC transmission system facts market is segmented
1) By Product: Static Synchronous Compensator (STATCOM), Static Var Compensator (SVC), Unified Power Flow Controllers (UPFC), Thyristor Controlled Series Compensator (TCSC)
2) By Compensation Type: Shunt Compensation, Series Compensation, Combined Series-Shunt Compensation
3) By Functionality: Voltage Control, Network Stabilization, Transmission Capacity
4) By Application: Utilities, Renewables, Industrial, Railways, Other ApplicationsFor further insights on the flexible AC transmission system FACTS market, request a sample here

Which region has the largest share of the flexible AC transmission system facts market? What are the other regions covered in the report?

North America was the largest region in the flexible AC transmission systems (FACTS) market in 2023. Europe is expected to be the fastest-growing region in the global flexible AC transmission systems market during the forecast period. The regions covered in the flexible ac transmission system (facts) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the flexible AC transmission system FACTS market, request a sample here.

Who are the major players in the flexible AC transmission system facts market?

What are the key trends in the flexible AC transmission system facts market?

Major trend in the flexible AC transmission system facts market - technological advancements in flexible ac transmission systems. For further insights on the flexible AC transmission system FACTS market, request a sample here.

What are the major opportunities in the flexible AC transmission system facts market? What are the strategies for the flexible AC transmission system facts market?

For detailed insights on the major opportunities and strategies in the flexible AC transmission system facts market, request a sample here.

How does the flexible AC transmission system facts market relate to the overall economy and other similar markets?

For detailed insights on flexible AC transmission system facts market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the flexible AC transmission system facts industry?

For detailed insights on the mergers and acquisitions in the flexible AC transmission system facts industry, request a sample here.

What are the key dynamics influencing the flexible AC transmission system facts market growth? SWOT analysis of the flexible AC transmission system facts market.

For detailed insights on the key dynamics influencing the flexible AC transmission system facts market growth and SWOT analysis of the flexible AC transmission system facts industry, request a sample here.