Industry: Chemical & Material
Published Date: 2025-02-24
Pages: 95 Pages
Report ld: 4187294
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Flexible AC Transmission System (FACTS) Market Size(US$)

CAGR 2025-2031
3.8%
Market Size,2031
USD 1,769
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Flexible AC Transmission System (FACTS) was estimated to be worth US$ 1367 million in 2024 and is forecast to a readjusted size of US$ 1769 million by 2031 with a CAGR of 3.8% during the forecast period 2025-2031.
A flexible alternating current transmission system (FACTS) is a system composed of static equipment used for the AC transmission of electrical energy. It is meant to enhance controllability and increase power transfer capability of the network. It is generally a power electronics-based system.
North American market for Flexible AC Transmission System (FACTS) was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Flexible AC Transmission System (FACTS) was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Europe market for Flexible AC Transmission System (FACTS) was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The global key companies of Flexible AC Transmission System (FACTS) include ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC, Hyosung, etc. In 2024, the global five largest players hold a share approximately % in terms of revenue.
This report aims to provide a comprehensive presentation of the global market for Flexible AC Transmission System (FACTS), focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Flexible AC Transmission System (FACTS) by region & country, by Type, and by Application.
The Flexible AC Transmission System (FACTS) market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Flexible AC Transmission System (FACTS).
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Flexible AC Transmission System (FACTS) company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Flexible AC Transmission System (FACTS) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Flexible AC Transmission System (FACTS) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
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TABLE OF CONTENTS
1 Market Overview
1.1 Flexible AC Transmission System (FACTS) Product Introduction
1.2 Global Flexible AC Transmission System (FACTS) Market Size Forecast (2020-2031)
1.3 Flexible AC Transmission System (FACTS) Market Trends & Drivers
1.3.1 Flexible AC Transmission System (FACTS) Industry Trends
1.3.2 Flexible AC Transmission System (FACTS) Market Drivers & Opportunity
1.3.3 Flexible AC Transmission System (FACTS) Market Challenges
1.3.4 Flexible AC Transmission System (FACTS) Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Flexible AC Transmission System (FACTS) Players Revenue Ranking (2024)
2.2 Global Flexible AC Transmission System (FACTS) Revenue by Company (2020-2025)
2.3 Key Companies Flexible AC Transmission System (FACTS) Manufacturing Base Distribution and Headquarters
2.4 Key Companies Flexible AC Transmission System (FACTS) Product Offered
2.5 Key Companies Time to Begin Mass Production of Flexible AC Transmission System (FACTS)
2.6 Flexible AC Transmission System (FACTS) Market Competitive Analysis
2.6.1 Flexible AC Transmission System (FACTS) Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Flexible AC Transmission System (FACTS) Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Flexible AC Transmission System (FACTS) as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Shunt Compensation
3.1.2 Series Compensation
3.2 Global Flexible AC Transmission System (FACTS) Sales Value by Type
3.2.1 Global Flexible AC Transmission System (FACTS) Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Flexible AC Transmission System (FACTS) Sales Value, by Type (2020-2031)
3.2.3 Global Flexible AC Transmission System (FACTS) Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Metal Industry
4.1.2 Railway
4.1.3 Mining
4.1.4 Utilities
4.1.5 Others
4.2 Global Flexible AC Transmission System (FACTS) Sales Value by Application
4.2.1 Global Flexible AC Transmission System (FACTS) Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Flexible AC Transmission System (FACTS) Sales Value, by Application (2020-2031)
4.2.3 Global Flexible AC Transmission System (FACTS) Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Flexible AC Transmission System (FACTS) Sales Value by Region
5.1.1 Global Flexible AC Transmission System (FACTS) Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Flexible AC Transmission System (FACTS) Sales Value by Region (2020-2025)
5.1.3 Global Flexible AC Transmission System (FACTS) Sales Value by Region (2026-2031)
5.1.4 Global Flexible AC Transmission System (FACTS) Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Flexible AC Transmission System (FACTS) Sales Value, 2020-2031
5.2.2 North America Flexible AC Transmission System (FACTS) Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Flexible AC Transmission System (FACTS) Sales Value, 2020-2031
5.3.2 Europe Flexible AC Transmission System (FACTS) Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Flexible AC Transmission System (FACTS) Sales Value, 2020-2031
5.4.2 Asia Pacific Flexible AC Transmission System (FACTS) Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Flexible AC Transmission System (FACTS) Sales Value, 2020-2031
5.5.2 South America Flexible AC Transmission System (FACTS) Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Flexible AC Transmission System (FACTS) Sales Value, 2020-2031
5.6.2 Middle East & Africa Flexible AC Transmission System (FACTS) Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Flexible AC Transmission System (FACTS) Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Flexible AC Transmission System (FACTS) Sales Value, 2020-2031
6.3 United States
6.3.1 United States Flexible AC Transmission System (FACTS) Sales Value, 2020-2031
6.3.2 United States Flexible AC Transmission System (FACTS) Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Flexible AC Transmission System (FACTS) Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Flexible AC Transmission System (FACTS) Sales Value, 2020-2031
6.4.2 Europe Flexible AC Transmission System (FACTS) Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Flexible AC Transmission System (FACTS) Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Flexible AC Transmission System (FACTS) Sales Value, 2020-2031
6.5.2 China Flexible AC Transmission System (FACTS) Sales Value by Type (%), 2024 VS 2031
6.5.3 China Flexible AC Transmission System (FACTS) Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Flexible AC Transmission System (FACTS) Sales Value, 2020-2031
6.6.2 Japan Flexible AC Transmission System (FACTS) Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Flexible AC Transmission System (FACTS) Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Flexible AC Transmission System (FACTS) Sales Value, 2020-2031
6.7.2 South Korea Flexible AC Transmission System (FACTS) Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Flexible AC Transmission System (FACTS) Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Flexible AC Transmission System (FACTS) Sales Value, 2020-2031
6.8.2 Southeast Asia Flexible AC Transmission System (FACTS) Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Flexible AC Transmission System (FACTS) Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Flexible AC Transmission System (FACTS) Sales Value, 2020-2031
6.9.2 India Flexible AC Transmission System (FACTS) Sales Value by Type (%), 2024 VS 2031
6.9.3 India Flexible AC Transmission System (FACTS) Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 ABB
7.1.1 ABB Profile
7.1.2 ABB Main Business
7.1.3 ABB Flexible AC Transmission System (FACTS) Products, Services and Solutions
7.1.4 ABB Flexible AC Transmission System (FACTS) Revenue (US$ Million) & (2020-2025)
7.1.5 ABB Recent Developments
7.2 Siemens
7.2.1 Siemens Profile
7.2.2 Siemens Main Business
7.2.3 Siemens Flexible AC Transmission System (FACTS) Products, Services and Solutions
7.2.4 Siemens Flexible AC Transmission System (FACTS) Revenue (US$ Million) & (2020-2025)
7.2.5 Siemens Recent Developments
7.3 RXPE
7.3.1 RXPE Profile
7.3.2 RXPE Main Business
7.3.3 RXPE Flexible AC Transmission System (FACTS) Products, Services and Solutions
7.3.4 RXPE Flexible AC Transmission System (FACTS) Revenue (US$ Million) & (2020-2025)
7.3.5 RXPE Recent Developments
7.4 Sieyuan Electric
7.4.1 Sieyuan Electric Profile
7.4.2 Sieyuan Electric Main Business
7.4.3 Sieyuan Electric Flexible AC Transmission System (FACTS) Products, Services and Solutions
7.4.4 Sieyuan Electric Flexible AC Transmission System (FACTS) Revenue (US$ Million) & (2020-2025)
7.4.5 Sieyuan Electric Recent Developments
7.5 Mitsubishi Electric
7.5.1 Mitsubishi Electric Profile
7.5.2 Mitsubishi Electric Main Business
7.5.3 Mitsubishi Electric Flexible AC Transmission System (FACTS) Products, Services and Solutions
7.5.4 Mitsubishi Electric Flexible AC Transmission System (FACTS) Revenue (US$ Million) & (2020-2025)
7.5.5 Mitsubishi Electric Recent Developments
7.6 GE
7.6.1 GE Profile
7.6.2 GE Main Business
7.6.3 GE Flexible AC Transmission System (FACTS) Products, Services and Solutions
7.6.4 GE Flexible AC Transmission System (FACTS) Revenue (US$ Million) & (2020-2025)
7.6.5 GE Recent Developments
7.7 Toshiba
7.7.1 Toshiba Profile
7.7.2 Toshiba Main Business
7.7.3 Toshiba Flexible AC Transmission System (FACTS) Products, Services and Solutions
7.7.4 Toshiba Flexible AC Transmission System (FACTS) Revenue (US$ Million) & (2020-2025)
7.7.5 Toshiba Recent Developments
7.8 AMSC
7.8.1 AMSC Profile
7.8.2 AMSC Main Business
7.8.3 AMSC Flexible AC Transmission System (FACTS) Products, Services and Solutions
7.8.4 AMSC Flexible AC Transmission System (FACTS) Revenue (US$ Million) & (2020-2025)
7.8.5 AMSC Recent Developments
7.9 Hyosung
7.9.1 Hyosung Profile
7.9.2 Hyosung Main Business
7.9.3 Hyosung Flexible AC Transmission System (FACTS) Products, Services and Solutions
7.9.4 Hyosung Flexible AC Transmission System (FACTS) Revenue (US$ Million) & (2020-2025)
7.9.5 Hyosung Recent Developments
8 Industry Chain Analysis
8.1 Flexible AC Transmission System (FACTS) Industrial Chain
8.2 Flexible AC Transmission System (FACTS) Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Flexible AC Transmission System (FACTS) Sales Model
8.5.2 Sales Channel
8.5.3 Flexible AC Transmission System (FACTS) Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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The global Flexible AC Transmission System (FACTS) market is projected to grow from US$ 1367 million in 2024 to US$ 1769 million by 2031, at a CAGR of 3.8% (2025-2031), driven by critical product segments and diverse end‑use applications.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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