Flexible AC Transmission System (FACTS) Global Market Opportunities And Strategies To 2033

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Flexible AC Transmission System (FACTS) Market 2024 – By Devices (Static Synchronous Compensator (STATCOM), Static Var Compensator (SVC), Unified Power Flow Controllers (UPFC), Thyristor Controlled Series Compensator (TCSC), Other Devices), By Controllers (Shunt Controllers, Series Controllers, Combined Controllers), By Functionality (Voltage Control, Network Stabilization, Transmission Capacity, Harmonic Suppression), By Application (Utilities, Renewables, Industrial, Railways, Other Applications), And By Region, Opportunities And Strategies – Global Forecast To 2033

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Flexible AC Transmission System (FACTS)Market Definition

A flexible AC transmission system (FACTS) is a collection of power electronic-based devices and systems installed on high-voltage alternating current (AC) transmission networks to enhance controllability, stability and efficiency. FACTS devices are utilized to dynamically control and optimize the flow of electrical power on the grid, mitigating various issues such as voltage fluctuations, power flow imbalances and system instability.

The flexible AC transmission systems (FACTS) market consists of sales, by entities (organizations, sole traders and partnerships), of flexible AC transmission system (FACTS) devices that are strategically placed within power grids to regulate voltage, improve power flow and increase system stability.

Flexible AC Transmission System (FACTS)Market Size

The global flexible AC transmission systems (FACTS) market reached a value of nearly $1,302.8 million in 2023, having grown at a compound annual growth rate (CAGR) of 3.7% since 2018. The market is expected to grow from $1,302.8 million in 2023 to $1,759.9 million in 2028 at a rate of 6.2%. The market is then expected to grow at a CAGR of 6.7% from 2028 and reach $2,434.0 million in 2033.

Growth in the historic period resulted from the strong economic growth in emerging markets, initiatives aimed at modernizing aging power grid infrastructure and power quality issues such as voltage fluctuations and power surges. Factors that negatively affected growth in the historic period were complexity in integrating facts technologies into existing grid systems.

Going forward, the rise in demand for electricity, growing adoption of renewable energy sources, increased population density and urbanization and increasing industrialization across various sectors will drive the growth. Factor that could hinder the growth of the flexible AC transmission systems (FACTS) market in the future include shortage of skilled personnel proficient in facts technology.

Flexible AC Transmission System (FACTS)Market Drivers

The key drivers of the flexible AC transmission system (FACTS) market include:

Rise in Demand for Electricity

The rise in demand for electricity is expected to fuel the growth of the flexible AC transmission system market during the forecast period. Grid congestion is a problem in many areas because of rising demand and constrained transmission capacity. Flexible AC transmission systems (FACTS) technologies improve control and flexibility of power flow within the current transmission infrastructure, thereby mitigating grid congestion. FACTS devices can maximize power flow to maximize the utilization of current transmission lines and minimize the need for expensive new infrastructure. In August 2023, according to the Minister for Power and New and Renewable Energy, India’s electricity demand grew to 234 GW (gigawatts), an increase of 21% year-over-year (YoY) compared to August 2022. There was a 6.3% increase in demand in fiscal year 2023 (FY23) over FY22 and a 6.7% increase in demand in FY22 over FY21. Additionally, in February 2023, according to the Electricity Market Report 2023 published by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization that provides policy recommendations, analysis and data on the global energy sector, the average growth rate of the world's electricity demand is predicted to increase from 2.6% in 2023 to 3.2% in 2024–2025. Demand is expected to rise by 2,500 terawatt-hours (TWh) in 2025. Therefore, the rise in demand for electricity will drive the growth of the flexible AC transmission systems market.

Flexible AC Transmission System (FACTS) Market Restraints

The key restraints on the flexible AC transmission system (FACTS) market include:

Shortage of Skilled Personnel Proficient in FACTS Technology

A shortage of skilled personnel proficient in FACTS technology is expected to restrict the growth of the flexible AC transmission system (FACTS) market in the forecast period. Expertise in power systems engineering, control theory, electrical engineering and grid optimization is necessary for designing, deploying and sustaining FACTS technologies. Effective deployment and integration of FACTS devices into the grid infrastructure require highly skilled professionals who possess a thorough understanding of FACTS concepts, functioning and applications. Regulators and engineering firms looking to hire skilled workers for FACTS projects face difficulties since there is a shortage of specialists with experience in FACTS technology design. For instance, in July 2023, according to the Roadmap for State Transmission Utilities (STUs) Capacity Strengthening Prepared by the South Asia Regional Energy Partnership (SAREP), an India-based regional energy program, there seems to be a shortage of personnel with the necessary skills, such as transmission planners with the ability to analyze power systems. An aged workforce combined with a manpower deficit causes manpower to be depleted quickly. Therefore, the shortage of skilled personnel proficient in FACTS technology may act as a restraining factor for the flexible AC transmission systems (FACTS) market.

Flexible AC Transmission System (FACTS) Market Trends

Major trends shaping the flexible AC transmission system (FACTS) market include:

Integration Of Smart Grid Technologies In FACTS

The integration of smart grid technologies in FACTS is a key trend gaining popularity in the flexible AC transmission systems (FACTS) market. Integration of smart grid technologies in FACTS improves the stability, reliability and efficiency of power systems by enabling faster and more accurate response to grid disturbances and fluctuation. For example, in August 2021, Hitachi, a Switzerland-based energy industry company, announced the launch of (Static Var Compensator) SVC Light® Enhanced, the next-generation grid stabilization solution. SVC Light Enhanced solution integrates both power quality and grid stabilization technologies into a single device to enable transmission systems to incorporate more renewable energy, contributing to a carbon-neutral society. Additionally, it has supercapacitors, which reduce dependency on conventional power plants by storing hundreds of megawatt-seconds of energy and immediately releasing it within milliseconds of disruptions.

Integration Of High Voltage Integrated Circuit (HVIC) In FACTS

Companies in the market are focusing on the integration of high voltage integrated circuit (HVIC) in FACTS to enhance the overall efficiency, reliability and performance of power transmission systems. For example, in February 2022, Mitsubishi Electric, a Japan-based electrical equipment manufacturing company, launched a half-bridge driver high-voltage (600V) integrated circuit (HVIC) equipped with a built-in bootstrap diode (BSD) function. The BSD function helps to reduce the number of parts required in inverter systems. The new HVIC, made for circuits that drive power semiconductors in low-capacity inverter systems, will also aid in reducing the power consumption of electric motorcycles, white goods and other electrical products.

Opportunities And Recommendations In The Flexible AC Transmission System (FACTS) Market

Opportunities – The top opportunities in the flexible AC transmission systems (FACTS) market segmented by devices will arise in the static synchronous compensator (STATCOM) segment, which will gain $152.5 million of global annual sales by 2028. The top opportunities in the flexible AC transmission systems (FACTS) market segmented by functionality will arise in the voltage control segment, which will gain $182.4 million of global annual sales by 2028. The top opportunities in the flexible AC transmission systems (FACTS) market segmented by controller will arise in the shunt controllers segment, which will gain $259.5 million of global annual sales by 2028. The top opportunities in the flexible AC transmission systems (FACTS) market segmented by application will arise in the utilities segment, which will gain $290.1 million of global annual sales by 2028. The flexible AC transmission systems (FACTS) market size will gain the most in China at $127.7 million.

Recommendations- To take advantage of the opportunities, The Business Research Company recommends the flexible AC transmission systems (FACTS) companies to focus on integrating smart grid technologies, focus on high voltage integrated circuit (HVIC) integration, focus on new product launches, focus on STATCOM and UPFC segments, focus on voltage control and harmonic suppression segments, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships, provide competitively priced offerings, focus on strategic pricing strategies for market leadership, participate in trade shows and events, continue to use B2B promotions and focus on renewables and utilities segments.

Flexible AC Transmission System (FACTS) Market Segmentation

The Flexible AC Transmission System (FACTS) market is segmented by devices, by controllers, by functionality and by application.

By Devices –
The flexible AC transmission system (FACTS) market is segmented by devices into:

a) Static Synchronous Compensator (STATCOM)
b) Static Var Compensator (SVC)
c) Unified Power Flow Controllers (UPFC)
d) Thyristor Controlled Series Compensator (TCSC)
e) Other Devices

The static synchronous compensator (STATCOM) market was the largest segment of the flexible AC transmission systems (FACTS) market segmented by devices, accounting for 33.1% or $431.7 million of the total in 2023. Going forward, the other devices segment is expected to be the fastest growing segment in the flexible AC transmission systems (FACTS) market segmented by devices, at a CAGR of 7.8% during 2023-2028.

By Controllers –
The flexible AC transmission system (FACTS) market is segmented by controllers into:

a) Shunt Controllers
b) Series Controllers
c) Combined Controllers

The shunt controllers market was the largest segment of the flexible AC transmission systems (FACTS) market segmented by controllers, accounting for 63.3% or $824.5 million of the total in 2023. Going forward, the series controllers segment is expected to be the fastest growing segment in the flexible AC transmission systems (FACTS) market segmented by controllers, at a CAGR of 7.5% during 2023-2028.

By Functionality –
The flexible AC transmission system (FACTS) market is segmented by functionality into:

a) Voltage Control
b) Network Stabilization
c) Transmission Capacity
d) Harmonic Suppression

The voltage control market was the largest segment of the flexible AC transmission systems (FACTS) market segmented by functionality, accounting for 35.9% or $468.3 million of the total in 2023. Going forward, the voltage control segment is expected to be the fastest growing segment in the flexible AC transmission systems (FACTS) market segmented by functionality, at a CAGR of 6.8% during 2023-2028.

By Application –
The flexible AC transmission system (FACTS) market is segmented by application into:

a) Utilities
b) Renewables
c) Industrial
d) Railways
e) Other Applications

The utilities market was the largest segment of the flexible AC transmission systems (FACTS) market segmented by application, accounting for 66.1% or $860.9 million of the total in 2023. Going forward, the renewables segment is expected to be the fastest growing segment in the flexible AC transmission systems (FACTS) market segmented by application, at a CAGR of 8.0% during 2023-2028.

By Geography - The Flexible AC Transmission System (FACTS) market is segmented by geography into:

• China
• India
• Japan
• Australia
• Indonesia
• South Korea

• USA
• Canada

• Brazil

• France
• Germany
• UK
• Italy
• Spain

• Russia

Asia Pacific was the largest region in the flexible AC transmission systems (FACTS) market, accounting for 36.3% or $473.1 million of the total in 2023. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the flexible AC transmission systems (FACTS) market will be Asia Pacific and North America where growth will be at CAGRs of 7.2% and 6.3% respectively. These will be followed by Western Europe and South America where the markets are expected to grow at CAGRs of 5.8% and 5.3% respectively.

Flexible AC Transmission System (FACTS) Market Competitive Landscape

Major Competitors are:

Hitachi

General Electric Company

Mitsubishi Electric Corporation

Siemens AG

Bharat Heavy Electricals Limited

Other Competitors Include:

Infineon Technologies AG

NR Electric Co., Ltd.

Hyosung Heavy Industries

American Superconductor

Alstom SA

The China Electric Power Research Institute (CEPRI)

The China Electricity Council (CEC)

NARI Group Corporation (NARI)

XJ Group Corporation

Beijing Sifang Automation Co Ltd

Sieyuan Electric Co., Ltd

Baoding Mingrui Optoelectronics Technology Co Ltd

Shanghai Electric Power T&D Equipment Co., Ltd

TBEA Co Ltd

Zhuhai Elco Technology Co Ltd

Shandong Electrical Engineering & Equipment Group Co., Ltd

Power Grid Corporation of India Ltd

Adani Transmission Limited

Hitachi ABB Power Grids Ltd

Toshiba Corporation

Hyosung Corporation

LS Electric

PT PLN

GE Grid Solutions

Alstom Grid SAS

ABB AG

Siemens Gamesa Renewable Energy

Ingeteam Power Technology S.A

Vattenfall AB

R&S Electric Power Engineering Ltd

Terna S.p.A

General Electric Italia

National Grid Electricity Transmission plc

Power Machines

RusHydro

Transelectrica

ABB Romania SRL

Polskie Sieci Elektroenergetyczne (PSE)

CEZ Group

Ukrenergo

Siemens Energy

Mitsubishi Electric Power Products Inc

S&C Electric Company

Eaton Corporation

Schweitzer Engineering Laboratories (SEL)

WEG Electric

CPFL Energia

ABB Brazil

Industrias Jezi

CGE Group

SIEMENS Argentina

EME Electric Motors

Motores Diesel Andinos S.A.

Saudi Transformers Company Ltd

Saudi Arabian Electric Motors Manufacturing Company (SAEMMC)

Egyptian Electricity Transmission Company (EETC)

Siemens Egypt

Transmission Company of Nigeria (TCN)

ABB Nigeria Limited

Eskom Holdings SOC Ltd

Uganda Electricity Transmission Company Limited (UETCL)

Kenya Electricity Transmission Company Limited (KETRACO)

Table Of Contents

1 Executive Summary

1.1 Flexible AC Transmission System (FACTS) – Market Attractiveness And Macro economic Landscape

2 Table Of Contents

3 List Of Tables

4 List Of Figures

5 Report Structure

6 Market Characteristics

6.1 General Market Definition

6.2 Summary

6.3 Flexible AC Transmission Systems (FACTS) Market Definition And Segmentations

6.4 Market Segmentation By Devices

6.4.1 Static Synchronous Compensator (STATCOM)

6.4.2 Static Var Compensator (SVC)

6.4.3 Unified Power Flow Controllers (UPFC)

6.4.4 Thyristor Controlled Series Compensator (TCSC)

6.4.5 Other Devices

6.5 Market Segmentation By Controllers

6.5.1 Shunt Controllers

6.5.2 Series Controllers

6.5.3 Combined Controllers

6.6 Market Segmentation By Functionality

6.6.1 Voltage Control

6.6.2 Network Stabilization

6.6.3 Transmission Capacity

6.6.4 Harmonic Suppression

6.7 Market Segmentation By Application

6.7.1 Utilities

6.7.2 Renewables

6.7.3 Industrial

6.7.4 Railways

6.7.5 Other Applications

7 Major Market Trends

7.1 Integration Of Smart Grid Technologies In FACTS

7.2 Strategic Partnerships And Collaborations Among Market Players

7.3 Integration Of High Voltage Integrated Circuit (HVIC) In FACTS

7.4 Product Launches Focused On Increasing The Efficiency

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

8.1 COVID-19 Impact On The Flexible AC Transmission System (FACTS) Market

8.2 Impact Of The War In Ukraine On The Flexible AC Transmission System (FACTS) Market

8.3 Impact Of High Inflation On The Flexible AC Transmission System (FACTS) Market

9 Global Market Size and Growth

9.1 Market Size

9.2 Historic Market Growth, 2018 – 2023, Value ($ Million)

9.2.1 Market Drivers 2018 – 2023

9.2.2 Market Restraints 2018 – 2023

9.3 Forecast Market Growth, 2023 – 2028, 2033F Value ($ Million)

9.3.1 Market Drivers 2023 – 2028

9.3.2 Market Restraints 2023 – 2028

10 Global Flexible AC Transmission System (FACTS) Market Segmentation

10.1 Global Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

10.2 Global Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

10.3 Global Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

10.4 Global Flexible AC Transmission System (FACTS) Market, Segmentation By Controller, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

11 Flexible AC Transmission System (FACTS) Market, Regional and Country Analysis

11.1 Global Flexible AC Transmission System (FACTS) Market, By Region, Historic and Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

11.2 Global Flexible AC Transmission System (FACTS) Market, By Country, Historic and Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12 Asia-Pacific Market

12.1 Summary

12.1.1 Market Overview

12.1.2 Region Information

12.1.3 Market Information

12.1.4 Background Information

12.1.5 Government Initiatives

12.1.6 Regulations

12.1.7 Regulatory Bodies

12.1.8 Major Associations

12.1.9 Taxes Levied

12.1.10 Corporate Tax Structure

12.1.11 Investments

12.1.12 Major Companies

12.2 Asia-Pacific Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.3 Asia-Pacific Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.4 Asia-Pacific Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.5 Asia-Pacific Flexible AC Transmission System (FACTS) Market: Country Analysis

12.6 China Market

12.7 Summary

12.7.1 Market Overview

12.7.2 Country Information

12.7.3 Market Information

12.7.4 Background Information

12.7.5 Government Initiatives

12.7.6 Regulations

12.7.7 Regulatory Bodies

12.7.8 Major Associations

12.7.9 Taxes Levied

12.7.10 Corporate Tax Structure

12.7.11 Investments

12.7.12 Major Companies

12.8 China Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.9 China Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.10 China Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.11 India Market

12.12 India Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.13 India Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.14 India Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.15 Japan Market

12.16 Japan Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.17 Japan Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.18 Japan Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.19 Australia Market

12.20 Australia Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.21 Australia Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.22 Australia Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.23 Indonesia Market

12.24 Indonesia Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.25 Indonesia Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.26 Indonesia Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.27 South Korea Market

12.28 South Korea Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.29 South Korea Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

12.30 South Korea Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13 Western Europe Market

13.1 Summary

13.1.1 Market Overview

13.1.2 Region Information

13.1.3 Market Information

13.1.4 Background Information

13.1.5 Government Initiatives

13.1.6 Regulations

13.1.7 Regulatory Bodies

13.1.8 Major Associations

13.1.9 Taxes Levied

13.1.10 Corporate Tax Structure

13.1.11 Investments

13.1.12 Major Companies

13.2 Western Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.3 Western Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.4 Western Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.5 Western Europe Flexible AC Transmission System (FACTS) Market: Country Analysis

13.6 UK Market

13.7 UK Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.8 UK Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.9 UK Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.10 Germany Market

13.11 Germany Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.12 Germany Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.13 Germany Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.14 France Market

13.15 France Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.16 France Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.17 France Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.18 Italy Market

13.19 Italy Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.20 Italy Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.21 Italy Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.22 Spain Market

13.23 Spain Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.24 Spain Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

13.25 Spain Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

14 Eastern Europe Market

14.1 Summary

14.1.1 Market Overview

14.1.2 Region Information

14.1.3 Market Information

14.1.4 Background Information

14.1.5 Government Initiatives

14.1.6 Regulations

14.1.7 Regulatory Bodies

14.1.8 Major Associations

14.1.9 Taxes Levied

14.1.10 Corporate Tax Structure

14.1.11 Investments

14.1.12 Major Companies

14.2 Eastern Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

14.3 Eastern Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

14.4 Eastern Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

14.5 Eastern Europe Flexible AC Transmission System (FACTS) Market: Country Analysis

14.6 Russia Market

14.7 Russia Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

14.8 Russia Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

14.9 Russia Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

15 North America Market

15.1 Summary

15.1.1 Market Overview

15.1.2 Region Information

15.1.3 Market Information

15.1.4 Background Information

15.1.5 Government Initiatives

15.1.6 Regulations

15.1.7 Regulatory Bodies

15.1.8 Major Associations

15.1.9 Taxes Levied

15.1.10 Corporate Tax Structure

15.1.11 Investments

15.1.12 Major Companies

15.2 North America Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

15.3 North America Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

15.4 North America Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

15.5 North America Flexible AC Transmission System (FACTS) Market: Country Analysis

15.6 USA Market

15.7 Summary

15.7.1 Market Overview

15.7.2 Country Information

15.7.3 Market Information

15.7.4 Background Information

15.7.5 Government Initiatives

15.7.6 Regulations

15.7.7 Regulatory Bodies

15.7.8 Major Associations

15.7.9 Taxes Levied

15.7.10 Corporate Tax Structure

15.7.11 Investments

15.7.12 Major Companies

15.8 USA Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

15.9 USA Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

15.10 USA Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

15.11 Canada Market

15.12 Canada Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

15.13 Canada Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

15.14 Canada Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

16 South America Market

16.1 Summary

16.1.1 Market Overview

16.1.2 Region Information

16.1.3 Market Information

16.1.4 Background Information

16.1.5 Government Initiatives

16.1.6 Regulations

16.1.7 Regulatory Bodies

16.1.8 Major Associations

16.1.9 Taxes Levied

16.1.10 Corporate Tax Structure

16.1.11 Investment

16.1.12 Major Companies

16.2 South America Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

16.3 South America Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

16.4 South America Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

16.5 South America Flexible AC Transmission System (FACTS) Market: Country Analysis

16.6 Brazil Market

16.7 Brazil Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

16.8 Brazil Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

16.9 Brazil Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

17 Middle East Market

17.1 Summary

17.1.1 Market Overview

17.1.2 Region Information

17.1.3 Market Information

17.1.4 Background Information

17.1.5 Government Initiatives

17.1.6 Regulations

17.1.7 Regulatory Bodies

17.1.8 Major Associations

17.1.9 Taxes Levied

17.1.10 Corporate Tax Structure

17.1.11 Investments

17.1.12 Major Companies

17.2 Middle East Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

17.3 Middle East Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

17.4 Middle East Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

18 Africa Market

18.1 Summary

18.1.1 Market Overview

18.1.2 Region Information

18.1.3 Market Information

18.1.4 Background Information

18.1.5 Government Initiatives

18.1.6 Regulations

18.1.7 Regulatory Bodies

18.1.8 Major Associations

18.1.9 Taxes Levied

18.1.10 Corporate Tax Structure

18.1.11 Major Companies

18.2 Africa Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

18.3 Africa Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

18.4 Africa Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)

19 Competitive Landscape And Company Profiles

19.1 Company Profiles

19.2 Hitachi

19.2.1 Company Overview

19.2.2 Products And Services

19.2.3 Business Strategy

19.2.4 Financial Overview

19.3 General Electric Company

19.3.1 Company Overview

19.3.2 Products And Services

19.3.3 Business Strategy

19.3.4 Financial Overview

19.4 Mitsubishi Electric Corporation

19.4.1 Company Overview

19.4.2 Products And Services

19.4.3 Business Strategy

19.4.4 Financial Overview

19.5 Siemens AG

19.5.1 Company Overview

19.5.2 Products And Services

19.5.3 Business Strategy

19.5.4 Financial Overview

19.6 Bharat Heavy Electricals Limited

19.6.1 Company Overview

19.6.2 Products And Services

19.6.3 Business Strategy

19.6.4 Financial Overview

20 Competitive Benchmarking

21 Competitive Dashboard

22 Key Mergers And Acquisitions

22.1 Hitachi Energy Acquired eks Energy

22.2 Regal Rexnord Acquired Altra Industrial Motion

22.3 United Utility Services Acquired BHI Power Delivery (BHI)

22.4 TE Connectivity Acquired Kries

23 Opportunities And Strategies

23.1 Global Flexible AC Transmission System (FACTS) Market In 2028 – Countries Offering Most New Opportunities

23.2 Global Flexible AC Transmission System (FACTS) Market In 2028 – Segments Offering Most New Opportunities

23.3 Global Flexible AC Transmission System (FACTS) Market In 2028 – Growth Strategies

23.3.1 Market Trend Based Strategies

23.3.2 Competitor Strategies

24 Flexible AC Transmission System (FACTS) Market, Conclusions And Recommendations

24.1 Conclusions

24.2 Recommendations

24.2.1 Product

24.2.2 Place

24.2.3 Price

24.2.4 Promotion

24.2.5 People

25 Appendix

25.1 Geographies Covered

25.2 Market Data Sources

25.3 Research Methodology

25.4 Currencies

25.5 The Business Research Company

25.6 Copyright and Disclaimer

List Of Tables

Table 1: Global Flexible AC Transmission System (FACTS) Market, Historic, 2018 – 2023, $ Million

Table 2: Global Flexible AC Transmission System (FACTS) Market, Forecast, 2023 – 2028, 2033F, $ Million

Table 3: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 4: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 5: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 6: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Controller, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

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

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

Table 9: Asia-Pacific GDP Per Capita, By Country, 2018-2023, $

Table 10: Asia-Pacific Population, By Country, 2018-2028, Millions

Table 11: Asia-Pacific Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 12: Asia-Pacific Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 13: Asia-Pacific Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 14: China GDP Per Capita, 2018-2023, $

Table 15: China Population, 2018-2028, Millions

Table 16: China Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 17: China Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 18: China Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 19: India Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 20: India Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 21: India Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 22: Japan Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 23: Japan Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 24: Japan Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 25: Australia Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 26: Australia Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 27: Australia Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 28: Indonesia Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 29: Indonesia Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 30: Indonesia Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 31: South Korea Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 32: South Korea Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 33: South Korea Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 34: Western Europe GDP Per Capita, By Country, 2018-2023, $

Table 35: Western Europe Population, By Country, 2018-2028, Millions

Table 36: Western Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 37: Western Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 38: Western Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 39: UK Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 40: UK Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 41: UK Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 42: Germany Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 43: Germany Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 44: Germany Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 45: France Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 46: France Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 47: France Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 48: Italy Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 49: Italy Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 50: Italy Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 51: Spain Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 52: Spain Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 53: Spain Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 54: Eastern Europe GDP Per Capita, By Country, 2018-2023, $

Table 55: Eastern Europe Population, By Country, 2018-2028, Millions

Table 56: Eastern Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 57: Eastern Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 58: Eastern Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 59: Russia Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 60: Russia Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 61: Russia Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 62: North America GDP Per Capita, By Country, 2018-2023, $

Table 63: North America Population, By Country, 2018-2028, Millions

Table 64: North America Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 65: North America Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 66: North America Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 67: USA GDP Per Capita, 2018-2023, $

Table 68: USA Population, 2018-2028, Millions

Table 69: USA Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 70: USA Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 71: USA Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 72: Canada Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 73: Canada Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 74: Canada Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 75: South America GDP Per Capita, By Country, 2018-2023, $

Table 76: South America Population, By Country, 2018-2028, Millions

Table 77: South America Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 78: South America Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 79: South America Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 80: Brazil Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 81: Brazil Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 82: Brazil Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 83: Middle East GDP Per Capita, By Country, 2018-2023, $

Table 84: Middle East Population, By Country, 2018-2028, Millions

Table 85: Middle East Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 86: Middle East Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 87: Middle East Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 88: Africa GDP Per Capita, By Country, 2018-2023, $

Table 89: Africa Population, By Country, 2018-2028, Millions

Table 90: Africa Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 91: Africa Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 92: Africa Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Table 93: Hitachi – Financial Overview, 2018 – 2022, $ Billion

Table 94: General Electric Company– Financial Overview, 2018 – 2022, $ Billion

Table 95: Mitsubishi Electric Corporation – Financial Overview, 2018 – 2022, $ Billion

Table 96: Siemens AG – Financial Overview, 2018 – 2022, $ Billion

Table 97: Bharat Heavy Electricals Limited – Financial Overview, 2018 – 2022, $ Billion

Table 98: Flexible Ac Transmission System (FACTS) Market, Competitive Benchmarking (In USD Millions)

Table 99: Flexible Ac Transmission System (FACTS) Market, Competitive Dashboard

Table 100: Global Flexible AC Transmission System (FACTS) Market Size Gain ($ Million), 2023 – 2028, By Country

Table 101: Global Flexible AC Transmission System (FACTS) Market Size Gain ($ Million), Segmentation By Device, 2023 – 2028

Table 102: Global Flexible AC Transmission System (FACTS) Market Size Gain ($ Million), Segmentation By Functionality, 2023 – 2028

Table 103: Global Flexible AC Transmission System (FACTS) Market Size Gain ($ Million), Segmentation By Application, 2023 – 2028

Table 104: Global Flexible AC Transmission System (FACTS) Market Size Gain ($ Million), Segmentation By Controller, 2023 – 2028

Table 105: Flexible AC Transmission System (FACTS) Market Data Sources

List Of Figures

Figure 1: Global Flexible AC Transmission System (FACTS) Market Segmentation By Devices

Figure 2: Global Flexible AC Transmission System (FACTS) Market Segmentation By Controllers

Figure 3: Global Flexible AC Transmission System (FACTS) Market Segmentation By Functionality

Figure 4: Global Flexible AC Transmission System (FACTS) Market Segmentation By Application

Figure 5: Global Flexible AC Transmission System (FACTS) Market, Historic, 2018 – 2023, $ Million

Figure 6: Global Flexible AC Transmission System (FACTS) Market, Forecast, 2023 – 2028, 2033F, $ Million

Figure 7: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 8: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 9: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 10: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Controller, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 11: Global Flexible AC Transmission System (FACTS) Market, By Region, Historic and Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 12: Global Flexible AC Transmission System (FACTS) Market, By Country, Historic and Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 13: Asia-Pacific Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 14: Asia-Pacific Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 15: Asia-Pacific Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 16: China Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 17: China Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 18: China Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 19: India Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 20: India Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 21: India Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 22: Japan Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 23: Japan Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 24: Japan Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 25: Australia Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 26: Australia Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 27: Australia Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 28: Indonesia Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 29: Indonesia Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 30: Indonesia Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 31: South Korea Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 32: South Korea Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 33: South Korea Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 34: Western Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 35: Western Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 36: Western Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 37: UK Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 38: UK Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 39: UK Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 40: Germany Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 41: Germany Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 42: Germany Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 43: France Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 44: France Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 45: France Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 46: Italy Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 47: Italy Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 48: Italy Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 49: Spain Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 50: Spain Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 51: Spain Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 52: Eastern Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 53: Eastern Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 54: Eastern Europe Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 55: Russia Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 56: Russia Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 57: Russia Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 58: North America Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 59: North America Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 60: North America Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 61: USA Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 62: USA Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 63: USA Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 64: Canada Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 65: Canada Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 66: Canada Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 67: South America Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 68: South America Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 69: South America Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 70: Brazil Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 71: Brazil Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 72: Brazil Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 73: Middle East Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 74: Middle East Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 75: Middle East Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 76: Africa Flexible AC Transmission System (FACTS) Market, Segmentation By Device, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 77: Africa Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 78: Africa Flexible AC Transmission System (FACTS) Market, Segmentation By Application, Historic And Forecast, 2018 – 2023, 2028F, 2033F, $ Million

Figure 79: Hitachi – Financial Overview, 2018 – 2022, $ Billion

Figure 80: General Electric Company– Financial Overview, 2018 – 2022, $ Billion

Figure 81: Mitsubishi Electric Corporation – Financial Overview, 2018 – 2022, $ Billion

Figure 82: Siemens AG – Financial Overview, 2018 – 2022, $ Billion

Figure 83: Bharat Heavy Electricals Limited – Financial Overview, 2018 – 2022, $ Billion

Figure 84: Geographic Regions Covered