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Description
The global market for Flexible AC Current Transmission System was estimated to be worth US$ 9827 million in 2024 and is forecast to a readjusted size of US$ 16849 million by 2031 with a CAGR of 8.2% during the forecast period 2025-2031.
The potential shifts in the 2025 U.S. tariff framework pose substantial volatility risks to global markets. This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Flexible AC Current Transmission System cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Flexible AC Current Transmission System Market Size(US$)
M= millions and B=billions

In 2024, global production of Flexible AC Transmission Systems reached approximately 1,850 units, with an average global market price of around US$ 5.3 million per unit.A Flexible AC Transmission System (FACTS) refers to a collection of power electronic-based systems used to enhance the controllability and increase the power transfer capability of AC transmission networks. FACTS devices improve voltage stability, regulate power flow, reduce transmission losses, and enhance grid reliability and efficiency.
North American market for Flexible AC Current Transmission System 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 Current Transmission System 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 Current Transmission System 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 Current Transmission System include Siemens Energy, ABB Ltd., General Electric (GE Grid Solutions), Mitsubishi Electric Corporation, Toshiba Energy Systems & Solutions, Eaton, Hyosung Heavy Industries, NR Electric Co., Ltd., China XD Electric Co., Ltd., Xian Electric Engineering, 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 Current Transmission System, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Flexible AC Current Transmission System by region & country, by Type, and by Application.
The Flexible AC Current Transmission System market size, estimations, and forecasts are provided in terms of sales volume (Units) and 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 Current Transmission System.
Market Segmentation
Report Metric
Details
Report Title
Flexible AC Current Transmission System - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Forecasted Market Size in 2031
US$ 16849 million
CAGR(2025-2031)
8.2%
Market Size Available for Years
2025-2031
Global Flexible AC Current Transmission System Companies Covered
Siemens Energy
ABB Ltd.
General Electric (GE Grid Solutions)
Mitsubishi Electric Corporation
Toshiba Energy Systems & Solutions
Eaton
Hyosung Heavy Industries
NR Electric Co., Ltd.
China XD Electric Co., Ltd.
Xian Electric Engineering
Alstom
American Superconductor Corporation (AMSC)
Global Flexible AC Current Transmission System Market, by Region
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Flexible AC Current Transmission System Market, Segment by Type
Shunt Controller
Series Controller
Combined Series-Series Controller
Combined Series-Shunt Controllers
Global Flexible AC Current Transmission System Market, Segment by Application
Electric Utilities Industry
Renewable Energy Industry
Metal & Mining Industry
Oil & Gas Industry
Railway Industry
Forecast Units
Million USD
Report Coverage
Revenue and volume forecast, company share, competitive landscape, growth factors and trends
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). 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 Current Transmission System manufacturers competitive landscape, price, sales and 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: Sales, revenue of Flexible AC Current Transmission System 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: Sales, revenue of Flexible AC Current Transmission System 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 sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
1.1 Flexible AC Current Transmission System Product Introduction
1.2 Global Flexible AC Current Transmission System Market Size Forecast
1.2.1 Global Flexible AC Current Transmission System Sales Value (2020-2031)
1.2.2 Global Flexible AC Current Transmission System Sales Volume (2020-2031)
1.2.3 Global Flexible AC Current Transmission System Sales Price (2020-2031)
1.3 Flexible AC Current Transmission System Market Trends & Drivers
1.3.1 Flexible AC Current Transmission System Industry Trends
1.3.2 Flexible AC Current Transmission System Market Drivers & Opportunity
1.3.3 Flexible AC Current Transmission System Market Challenges
1.3.4 Flexible AC Current Transmission System 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 Current Transmission System Players Revenue Ranking (2024)
2.2 Global Flexible AC Current Transmission System Revenue by Company (2020-2025)
2.3 Global Flexible AC Current Transmission System Players Sales Volume Ranking (2024)
2.4 Global Flexible AC Current Transmission System Sales Volume by Company Players (2020-2025)
2.5 Global Flexible AC Current Transmission System Average Price by Company (2020-2025)
2.6 Key Manufacturers Flexible AC Current Transmission System Manufacturing Base and Headquarters
2.7 Key Manufacturers Flexible AC Current Transmission System Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Flexible AC Current Transmission System
2.9 Flexible AC Current Transmission System Market Competitive Analysis
2.9.1 Flexible AC Current Transmission System Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Flexible AC Current Transmission System Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Flexible AC Current Transmission System as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Shunt Controller
3.1.2 Series Controller
3.1.3 Combined Series-Series Controller
3.1.4 Combined Series-Shunt Controllers
3.2 Global Flexible AC Current Transmission System Sales Value by Type
3.2.1 Global Flexible AC Current Transmission System Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Flexible AC Current Transmission System Sales Value, by Type (2020-2031)
3.2.3 Global Flexible AC Current Transmission System Sales Value, by Type (%) (2020-2031)
3.3 Global Flexible AC Current Transmission System Sales Volume by Type
3.3.1 Global Flexible AC Current Transmission System Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Flexible AC Current Transmission System Sales Volume, by Type (2020-2031)
3.3.3 Global Flexible AC Current Transmission System Sales Volume, by Type (%) (2020-2031)
3.4 Global Flexible AC Current Transmission System Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Electric Utilities Industry
4.1.2 Renewable Energy Industry
4.1.3 Metal & Mining Industry
4.1.4 Oil & Gas Industry
4.1.5 Railway Industry
4.2 Global Flexible AC Current Transmission System Sales Value by Application
4.2.1 Global Flexible AC Current Transmission System Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Flexible AC Current Transmission System Sales Value, by Application (2020-2031)
4.2.3 Global Flexible AC Current Transmission System Sales Value, by Application (%) (2020-2031)
4.3 Global Flexible AC Current Transmission System Sales Volume by Application
4.3.1 Global Flexible AC Current Transmission System Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Flexible AC Current Transmission System Sales Volume, by Application (2020-2031)
4.3.3 Global Flexible AC Current Transmission System Sales Volume, by Application (%) (2020-2031)
4.4 Global Flexible AC Current Transmission System Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Flexible AC Current Transmission System Sales Value by Region
5.1.1 Global Flexible AC Current Transmission System Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Flexible AC Current Transmission System Sales Value by Region (2020-2025)
5.1.3 Global Flexible AC Current Transmission System Sales Value by Region (2026-2031)
5.1.4 Global Flexible AC Current Transmission System Sales Value by Region (%), (2020-2031)
5.2 Global Flexible AC Current Transmission System Sales Volume by Region
5.2.1 Global Flexible AC Current Transmission System Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Flexible AC Current Transmission System Sales Volume by Region (2020-2025)
5.2.3 Global Flexible AC Current Transmission System Sales Volume by Region (2026-2031)
5.2.4 Global Flexible AC Current Transmission System Sales Volume by Region (%), (2020-2031)
5.3 Global Flexible AC Current Transmission System Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Flexible AC Current Transmission System Sales Value, 2020-2031
5.4.2 North America Flexible AC Current Transmission System Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Flexible AC Current Transmission System Sales Value, 2020-2031
5.5.2 Europe Flexible AC Current Transmission System Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Flexible AC Current Transmission System Sales Value, 2020-2031
5.6.2 Asia Pacific Flexible AC Current Transmission System Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Flexible AC Current Transmission System Sales Value, 2020-2031
5.7.2 South America Flexible AC Current Transmission System Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Flexible AC Current Transmission System Sales Value, 2020-2031
5.8.2 Middle East & Africa Flexible AC Current Transmission System Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Flexible AC Current Transmission System Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Flexible AC Current Transmission System Sales Value and Sales Volume
6.2.1 Key Countries/Regions Flexible AC Current Transmission System Sales Value, 2020-2031
6.2.2 Key Countries/Regions Flexible AC Current Transmission System Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Flexible AC Current Transmission System Sales Value, 2020-2031
6.3.2 United States Flexible AC Current Transmission System Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Flexible AC Current Transmission System Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Flexible AC Current Transmission System Sales Value, 2020-2031
6.4.2 Europe Flexible AC Current Transmission System Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Flexible AC Current Transmission System Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Flexible AC Current Transmission System Sales Value, 2020-2031
6.5.2 China Flexible AC Current Transmission System Sales Value by Type (%), 2024 VS 2031
6.5.3 China Flexible AC Current Transmission System Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Flexible AC Current Transmission System Sales Value, 2020-2031
6.6.2 Japan Flexible AC Current Transmission System Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Flexible AC Current Transmission System Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Flexible AC Current Transmission System Sales Value, 2020-2031
6.7.2 South Korea Flexible AC Current Transmission System Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Flexible AC Current Transmission System Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Flexible AC Current Transmission System Sales Value, 2020-2031
6.8.2 Southeast Asia Flexible AC Current Transmission System Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Flexible AC Current Transmission System Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Flexible AC Current Transmission System Sales Value, 2020-2031
6.9.2 India Flexible AC Current Transmission System Sales Value by Type (%), 2024 VS 2031
6.9.3 India Flexible AC Current Transmission System Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Siemens Energy
7.1.1 Siemens Energy Company Information
7.1.2 Siemens Energy Introduction and Business Overview
7.1.3 Siemens Energy Flexible AC Current Transmission System Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Siemens Energy Flexible AC Current Transmission System Product Offerings
7.1.5 Siemens Energy Recent Development
7.2 ABB Ltd.
7.2.1 ABB Ltd. Company Information
7.2.2 ABB Ltd. Introduction and Business Overview
7.2.3 ABB Ltd. Flexible AC Current Transmission System Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 ABB Ltd. Flexible AC Current Transmission System Product Offerings
7.2.5 ABB Ltd. Recent Development
7.3 General Electric (GE Grid Solutions)
7.3.1 General Electric (GE Grid Solutions) Company Information
7.3.2 General Electric (GE Grid Solutions) Introduction and Business Overview
7.3.3 General Electric (GE Grid Solutions) Flexible AC Current Transmission System Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 General Electric (GE Grid Solutions) Flexible AC Current Transmission System Product Offerings
7.3.5 General Electric (GE Grid Solutions) Recent Development
7.4 Mitsubishi Electric Corporation
7.4.1 Mitsubishi Electric Corporation Company Information
7.4.2 Mitsubishi Electric Corporation Introduction and Business Overview
7.4.3 Mitsubishi Electric Corporation Flexible AC Current Transmission System Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Mitsubishi Electric Corporation Flexible AC Current Transmission System Product Offerings
7.4.5 Mitsubishi Electric Corporation Recent Development
7.5 Toshiba Energy Systems & Solutions
7.5.1 Toshiba Energy Systems & Solutions Company Information
7.5.2 Toshiba Energy Systems & Solutions Introduction and Business Overview
7.5.3 Toshiba Energy Systems & Solutions Flexible AC Current Transmission System Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Toshiba Energy Systems & Solutions Flexible AC Current Transmission System Product Offerings
7.5.5 Toshiba Energy Systems & Solutions Recent Development
7.6 Eaton
7.6.1 Eaton Company Information
7.6.2 Eaton Introduction and Business Overview
7.6.3 Eaton Flexible AC Current Transmission System Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Eaton Flexible AC Current Transmission System Product Offerings
7.6.5 Eaton Recent Development
7.7 Hyosung Heavy Industries
7.7.1 Hyosung Heavy Industries Company Information
7.7.2 Hyosung Heavy Industries Introduction and Business Overview
7.7.3 Hyosung Heavy Industries Flexible AC Current Transmission System Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Hyosung Heavy Industries Flexible AC Current Transmission System Product Offerings
7.7.5 Hyosung Heavy Industries Recent Development
7.8 NR Electric Co., Ltd.
7.8.1 NR Electric Co., Ltd. Company Information
7.8.2 NR Electric Co., Ltd. Introduction and Business Overview
7.8.3 NR Electric Co., Ltd. Flexible AC Current Transmission System Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 NR Electric Co., Ltd. Flexible AC Current Transmission System Product Offerings
7.8.5 NR Electric Co., Ltd. Recent Development
7.9 China XD Electric Co., Ltd.
7.9.1 China XD Electric Co., Ltd. Company Information
7.9.2 China XD Electric Co., Ltd. Introduction and Business Overview
7.9.3 China XD Electric Co., Ltd. Flexible AC Current Transmission System Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 China XD Electric Co., Ltd. Flexible AC Current Transmission System Product Offerings
7.9.5 China XD Electric Co., Ltd. Recent Development
7.10 Xian Electric Engineering
7.10.1 Xian Electric Engineering Company Information
7.10.2 Xian Electric Engineering Introduction and Business Overview
7.10.3 Xian Electric Engineering Flexible AC Current Transmission System Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Xian Electric Engineering Flexible AC Current Transmission System Product Offerings
7.10.5 Xian Electric Engineering Recent Development
7.11 Alstom
7.11.1 Alstom Company Information
7.11.2 Alstom Introduction and Business Overview
7.11.3 Alstom Flexible AC Current Transmission System Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Alstom Flexible AC Current Transmission System Product Offerings
7.11.5 Alstom Recent Development
7.12 American Superconductor Corporation (AMSC)
7.12.1 American Superconductor Corporation (AMSC) Company Information
7.12.2 American Superconductor Corporation (AMSC) Introduction and Business Overview
7.12.3 American Superconductor Corporation (AMSC) Flexible AC Current Transmission System Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 American Superconductor Corporation (AMSC) Flexible AC Current Transmission System Product Offerings
7.12.5 American Superconductor Corporation (AMSC) Recent Development
8 Industry Chain Analysis
8.1 Flexible AC Current Transmission System Industrial Chain
8.2 Flexible AC Current Transmission System 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 Current Transmission System Sales Model
8.5.2 Sales Channel
8.5.3 Flexible AC Current Transmission System 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
Table 1. Flexible AC Current Transmission System Market Trends
Table 2. Flexible AC Current Transmission System Market Drivers & Opportunity
Table 3. Flexible AC Current Transmission System Market Challenges
Table 4. Flexible AC Current Transmission System Market Restraints
Table 5. Global Flexible AC Current Transmission System Revenue by Company (2020-2025) & (US$ Million)
Table 6. Global Flexible AC Current Transmission System Revenue Market Share by Company (2020-2025)
Table 7. Global Flexible AC Current Transmission System Sales Volume by Company (2020-2025) & (Units)
Table 8. Global Flexible AC Current Transmission System Sales Volume Market Share by Company (2020-2025)
Table 9. Global Market Flexible AC Current Transmission System Price by Company (2020-2025) & (US$/Unit)
Table 10. Key Manufacturers Flexible AC Current Transmission System Manufacturing Base and Headquarters
Table 11. Key Manufacturers Flexible AC Current Transmission System Product Type
Table 12. Key Manufacturers Time to Begin Mass Production of Flexible AC Current Transmission System
Table 13. Global Flexible AC Current Transmission System Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 14. Global Top Manufacturers Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Flexible AC Current Transmission System as of 2024)
Table 15. Mergers & Acquisitions, Expansion Plans
Table 16. Global Flexible AC Current Transmission System Sales Value by Type: 2020 VS 2024 VS 2031 (US$ Million)
Table 17. Global Flexible AC Current Transmission System Sales Value by Type (2020-2025) & (US$ Million)
Table 18. Global Flexible AC Current Transmission System Sales Value by Type (2026-2031) & (US$ Million)
Table 19. Global Flexible AC Current Transmission System Sales Market Share in Value by Type (2020-2025)
Table 20. Global Flexible AC Current Transmission System Sales Market Share in Value by Type (2026-2031)
Table 21. Global Flexible AC Current Transmission System Sales Volume by Type: 2020 VS 2024 VS 2031 (Units)
Table 22. Global Flexible AC Current Transmission System Sales Volume by Type (2020-2025) & (Units)
Table 23. Global Flexible AC Current Transmission System Sales Volume by Type (2026-2031) & (Units)
Table 24. Global Flexible AC Current Transmission System Sales Market Share in Volume by Type (2020-2025)
Table 25. Global Flexible AC Current Transmission System Sales Market Share in Volume by Type (2026-2031)
Table 26. Global Flexible AC Current Transmission System Price by Type (2020-2025) & (US$/Unit)
Table 27. Global Flexible AC Current Transmission System Price by Type (2026-2031) & (US$/Unit)
Table 28. Global Flexible AC Current Transmission System Sales Value by Application: 2020 VS 2024 VS 2031 (US$ Million)
Table 29. Global Flexible AC Current Transmission System Sales Value by Application (2020-2025) & (US$ Million)
Table 30. Global Flexible AC Current Transmission System Sales Value by Application (2026-2031) & (US$ Million)
Table 31. Global Flexible AC Current Transmission System Sales Market Share in Value by Application (2020-2025)
Table 32. Global Flexible AC Current Transmission System Sales Market Share in Value by Application (2026-2031)
Table 33. Global Flexible AC Current Transmission System Sales Volume by Application: 2020 VS 2024 VS 2031 (Units)
Table 34. Global Flexible AC Current Transmission System Sales Volume by Application (2020-2025) & (Units)
Table 35. Global Flexible AC Current Transmission System Sales Volume by Application (2026-2031) & (Units)
Table 36. Global Flexible AC Current Transmission System Sales Market Share in Volume by Application (2020-2025)
Table 37. Global Flexible AC Current Transmission System Sales Market Share in Volume by Application (2026-2031)
Table 38. Global Flexible AC Current Transmission System Price by Application (2020-2025) & (US$/Unit)
Table 39. Global Flexible AC Current Transmission System Price by Application (2026-2031) & (US$/Unit)
Table 40. Global Flexible AC Current Transmission System Sales Value by Region, (2020 VS 2024 VS 2031) & (US$ Million)
Table 41. Global Flexible AC Current Transmission System Sales Value by Region (2020-2025) & (US$ Million)
Table 42. Global Flexible AC Current Transmission System Sales Value by Region (2026-2031) & (US$ Million)
Table 43. Global Flexible AC Current Transmission System Sales Value by Region (2020-2025) & (%)
Table 44. Global Flexible AC Current Transmission System Sales Value by Region (2026-2031) & (%)
Table 45. Global Flexible AC Current Transmission System Sales Volume by Region (Units): 2020 VS 2024 VS 2031
Table 46. Global Flexible AC Current Transmission System Sales Volume by Region (2020-2025) & (Units)
Table 47. Global Flexible AC Current Transmission System Sales Volume by Region (2026-2031) & (Units)
Table 48. Global Flexible AC Current Transmission System Sales Volume by Region (2020-2025) & (%)
Table 49. Global Flexible AC Current Transmission System Sales Volume by Region (2026-2031) & (%)
Table 50. Global Flexible AC Current Transmission System Average Price by Region (2020-2025) & (US$/Unit)
Table 51. Global Flexible AC Current Transmission System Average Price by Region (2026-2031) & (US$/Unit)
Table 52. Key Countries/Regions Flexible AC Current Transmission System Sales Value Growth Trends, (US$ Million): 2020 VS 2024 VS 2031
Table 53. Key Countries/Regions Flexible AC Current Transmission System Sales Value, (2020-2025) & (US$ Million)
Table 54. Key Countries/Regions Flexible AC Current Transmission System Sales Value, (2026-2031) & (US$ Million)
Table 55. Key Countries/Regions Flexible AC Current Transmission System Sales Volume, (2020-2025) & (Units)
Table 56. Key Countries/Regions Flexible AC Current Transmission System Sales Volume, (2026-2031) & (Units)
Table 57. Siemens Energy Company Information
Table 58. Siemens Energy Introduction and Business Overview
Table 59. Siemens Energy Flexible AC Current Transmission System Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 60. Siemens Energy Flexible AC Current Transmission System Product Offerings
Table 61. Siemens Energy Recent Development
Table 62. ABB Ltd. Company Information
Table 63. ABB Ltd. Introduction and Business Overview
Table 64. ABB Ltd. Flexible AC Current Transmission System Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 65. ABB Ltd. Flexible AC Current Transmission System Product Offerings
Table 66. ABB Ltd. Recent Development
Table 67. General Electric (GE Grid Solutions) Company Information
Table 68. General Electric (GE Grid Solutions) Introduction and Business Overview
Table 69. General Electric (GE Grid Solutions) Flexible AC Current Transmission System Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 70. General Electric (GE Grid Solutions) Flexible AC Current Transmission System Product Offerings
Table 71. General Electric (GE Grid Solutions) Recent Development
Table 72. Mitsubishi Electric Corporation Company Information
Table 73. Mitsubishi Electric Corporation Introduction and Business Overview
Table 74. Mitsubishi Electric Corporation Flexible AC Current Transmission System Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 75. Mitsubishi Electric Corporation Flexible AC Current Transmission System Product Offerings
Table 76. Mitsubishi Electric Corporation Recent Development
Table 77. Toshiba Energy Systems & Solutions Company Information
Table 78. Toshiba Energy Systems & Solutions Introduction and Business Overview
Table 79. Toshiba Energy Systems & Solutions Flexible AC Current Transmission System Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 80. Toshiba Energy Systems & Solutions Flexible AC Current Transmission System Product Offerings
Table 81. Toshiba Energy Systems & Solutions Recent Development
Table 82. Eaton Company Information
Table 83. Eaton Introduction and Business Overview
Table 84. Eaton Flexible AC Current Transmission System Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 85. Eaton Flexible AC Current Transmission System Product Offerings
Table 86. Eaton Recent Development
Table 87. Hyosung Heavy Industries Company Information
Table 88. Hyosung Heavy Industries Introduction and Business Overview
Table 89. Hyosung Heavy Industries Flexible AC Current Transmission System Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 90. Hyosung Heavy Industries Flexible AC Current Transmission System Product Offerings
Table 91. Hyosung Heavy Industries Recent Development
Table 92. NR Electric Co., Ltd. Company Information
Table 93. NR Electric Co., Ltd. Introduction and Business Overview
Table 94. NR Electric Co., Ltd. Flexible AC Current Transmission System Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 95. NR Electric Co., Ltd. Flexible AC Current Transmission System Product Offerings
Table 96. NR Electric Co., Ltd. Recent Development
Table 97. China XD Electric Co., Ltd. Company Information
Table 98. China XD Electric Co., Ltd. Introduction and Business Overview
Table 99. China XD Electric Co., Ltd. Flexible AC Current Transmission System Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 100. China XD Electric Co., Ltd. Flexible AC Current Transmission System Product Offerings
Table 101. China XD Electric Co., Ltd. Recent Development
Table 102. Xian Electric Engineering Company Information
Table 103. Xian Electric Engineering Introduction and Business Overview
Table 104. Xian Electric Engineering Flexible AC Current Transmission System Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 105. Xian Electric Engineering Flexible AC Current Transmission System Product Offerings
Table 106. Xian Electric Engineering Recent Development
Table 107. Alstom Company Information
Table 108. Alstom Introduction and Business Overview
Table 109. Alstom Flexible AC Current Transmission System Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 110. Alstom Flexible AC Current Transmission System Product Offerings
Table 111. Alstom Recent Development
Table 112. American Superconductor Corporation (AMSC) Company Information
Table 113. American Superconductor Corporation (AMSC) Introduction and Business Overview
Table 114. American Superconductor Corporation (AMSC) Flexible AC Current Transmission System Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
Table 115. American Superconductor Corporation (AMSC) Flexible AC Current Transmission System Product Offerings
Table 116. American Superconductor Corporation (AMSC) Recent Development
Table 117. Key Raw Materials Lists
Table 118. Raw Materials Key Suppliers Lists
Table 119. Flexible AC Current Transmission System Downstream Customers
Table 120. Flexible AC Current Transmission System Distributors List
Table 121. Research Programs/Design for This Report
Table 122. Key Data Information from Secondary Sources
Table 123. Key Data Information from Primary Sources
List of Figures
Figure 1. Flexible AC Current Transmission System Product Picture
Figure 2. Global Flexible AC Current Transmission System Sales Value, 2020 VS 2024 VS 2031 (US$ Million)
Figure 3. Global Flexible AC Current Transmission System Sales Value (2020-2031) & (US$ Million)
Figure 4. Global Flexible AC Current Transmission System Sales Volume (2020-2031) & (Units)
Figure 5. Global Flexible AC Current Transmission System Sales Price (2020-2031) & (US$/Unit)
Figure 6. Flexible AC Current Transmission System Report Years Considered
Figure 7. Global Flexible AC Current Transmission System Players Revenue Ranking (2024) & (US$ Million)
Figure 8. Global Flexible AC Current Transmission System Players Sales Volume Ranking (2024) & (Units)
Figure 9. The 5 and 10 Largest Manufacturers in the World: Market Share by Flexible AC Current Transmission System Revenue in 2024
Figure 10. Flexible AC Current Transmission System Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
Figure 11. Shunt Controller Picture
Figure 12. Series Controller Picture
Figure 13. Combined Series-Series Controller Picture
Figure 14. Combined Series-Shunt Controllers Picture
Figure 15. Global Flexible AC Current Transmission System Sales Value by Type (2020 VS 2024 VS 2031) & (US$ Million)
Figure 16. Global Flexible AC Current Transmission System Sales Value Market Share by Type, 2024 & 2031
Figure 17. Global Flexible AC Current Transmission System Sales Volume by Type (2020 VS 2024 VS 2031) & (Units)
Figure 18. Global Flexible AC Current Transmission System Sales Volume Market Share by Type, 2024 & 2031
Figure 19. Global Flexible AC Current Transmission System Price by Type (2020-2031) & (US$/Unit)
Figure 20. Product Picture of Electric Utilities Industry
Figure 21. Product Picture of Renewable Energy Industry
Figure 22. Product Picture of Metal & Mining Industry
Figure 23. Product Picture of Oil & Gas Industry
Figure 24. Product Picture of Railway Industry
Figure 25. Global Flexible AC Current Transmission System Sales Value by Application (2020 VS 2024 VS 2031) & (US$ Million)
Figure 26. Global Flexible AC Current Transmission System Sales Value Market Share by Application, 2024 & 2031
Figure 27. Global Flexible AC Current Transmission System Sales Volume by Application (2020 VS 2024 VS 2031) & (Units)
Figure 28. Global Flexible AC Current Transmission System Sales Volume Market Share by Application, 2024 & 2031
Figure 29. Global Flexible AC Current Transmission System Price by Application (2020-2031) & (US$/Unit)
Figure 30. North America Flexible AC Current Transmission System Sales Value (2020-2031) & (US$ Million)
Figure 31. North America Flexible AC Current Transmission System Sales Value by Country (%), 2024 VS 2031
Figure 32. Europe Flexible AC Current Transmission System Sales Value, (2020-2031) & (US$ Million)
Figure 33. Europe Flexible AC Current Transmission System Sales Value by Country (%), 2024 VS 2031
Figure 34. Asia Pacific Flexible AC Current Transmission System Sales Value, (2020-2031) & (US$ Million)
Figure 35. Asia Pacific Flexible AC Current Transmission System Sales Value by Region (%), 2024 VS 2031
Figure 36. South America Flexible AC Current Transmission System Sales Value, (2020-2031) & (US$ Million)
Figure 37. South America Flexible AC Current Transmission System Sales Value by Country (%), 2024 VS 2031
Figure 38. Middle East & Africa Flexible AC Current Transmission System Sales Value, (2020-2031) & (US$ Million)
Figure 39. Middle East & Africa Flexible AC Current Transmission System Sales Value by Country (%), 2024 VS 2031
Figure 40. Key Countries/Regions Flexible AC Current Transmission System Sales Value (%), (2020-2031)
Figure 41. Key Countries/Regions Flexible AC Current Transmission System Sales Volume (%), (2020-2031)
Figure 42. United States Flexible AC Current Transmission System Sales Value, (2020-2031) & (US$ Million)
Figure 43. United States Flexible AC Current Transmission System Sales Value by Type (%), 2024 VS 2031
Figure 44. United States Flexible AC Current Transmission System Sales Value by Application (%), 2024 VS 2031
Figure 45. Europe Flexible AC Current Transmission System Sales Value, (2020-2031) & (US$ Million)
Figure 46. Europe Flexible AC Current Transmission System Sales Value by Type (%), 2024 VS 2031
Figure 47. Europe Flexible AC Current Transmission System Sales Value by Application (%), 2024 VS 2031
Figure 48. China Flexible AC Current Transmission System Sales Value, (2020-2031) & (US$ Million)
Figure 49. China Flexible AC Current Transmission System Sales Value by Type (%), 2024 VS 2031
Figure 50. China Flexible AC Current Transmission System Sales Value by Application (%), 2024 VS 2031
Figure 51. Japan Flexible AC Current Transmission System Sales Value, (2020-2031) & (US$ Million)
Figure 52. Japan Flexible AC Current Transmission System Sales Value by Type (%), 2024 VS 2031
Figure 53. Japan Flexible AC Current Transmission System Sales Value by Application (%), 2024 VS 2031
Figure 54. South Korea Flexible AC Current Transmission System Sales Value, (2020-2031) & (US$ Million)
Figure 55. South Korea Flexible AC Current Transmission System Sales Value by Type (%), 2024 VS 2031
Figure 56. South Korea Flexible AC Current Transmission System Sales Value by Application (%), 2024 VS 2031
Figure 57. Southeast Asia Flexible AC Current Transmission System Sales Value, (2020-2031) & (US$ Million)
Figure 58. Southeast Asia Flexible AC Current Transmission System Sales Value by Type (%), 2024 VS 2031
Figure 59. Southeast Asia Flexible AC Current Transmission System Sales Value by Application (%), 2024 VS 2031
Figure 60. India Flexible AC Current Transmission System Sales Value, (2020-2031) & (US$ Million)
Figure 61. India Flexible AC Current Transmission System Sales Value by Type (%), 2024 VS 2031
Figure 62. India Flexible AC Current Transmission System Sales Value by Application (%), 2024 VS 2031
Figure 63. Flexible AC Current Transmission System Industrial Chain
Figure 64. Flexible AC Current Transmission System Manufacturing Cost Structure
Figure 65. Channels of Distribution (Direct Sales, and Distribution)
Figure 66. Bottom-up and Top-down Approaches for This Report
Figure 67. Data Triangulation
Figure 68. Key Executives InterviewedDescription
The global market for Flexible AC Current Transmission System was estimated to be worth US$ 9827 million in 2024 and is forecast to a readjusted size of US$ 16849 million by 2031 with a CAGR of 8.2% during the forecast period 2025-2031.
The potential shifts in the 2025 U.S. tariff framework pose substantial volatility risks to global markets. This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Flexible AC Current Transmission System cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
In 2024, global production of Flexible AC Transmission Systems reached approximately 1,850 units, with an average global market price of around US$ 5.3 million per unit.A Flexible AC Transmission System (FACTS) refers to a collection of power electronic-based systems used to enhance the controllability and increase the power transfer capability of AC transmission networks. FACTS devices improve voltage stability, regulate power flow, reduce transmission losses, and enhance grid reliability and efficiency.
North American market for Flexible AC Current Transmission System 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 Current Transmission System 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 Current Transmission System 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 Current Transmission System include Siemens Energy, ABB Ltd., General Electric (GE Grid Solutions), Mitsubishi Electric Corporation, Toshiba Energy Systems & Solutions, Eaton, Hyosung Heavy Industries, NR Electric Co., Ltd., China XD Electric Co., Ltd., Xian Electric Engineering, 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 Current Transmission System, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Flexible AC Current Transmission System by region & country, by Type, and by Application.
The Flexible AC Current Transmission System market size, estimations, and forecasts are provided in terms of sales volume (Units) and 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 Current Transmission System.
Market Segmentation
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). 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 Current Transmission System manufacturers competitive landscape, price, sales and 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: Sales, revenue of Flexible AC Current Transmission System 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: Sales, revenue of Flexible AC Current Transmission System 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 sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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The global Flexible AC Current Transmission System market is projected to grow from US$ 9827 million in 2024 to US$ 16849 million by 2031, at a CAGR of 8.2% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
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The global market for Flexible AC Current Transmission System was valued at US$ 9827 million in the year 2024 and is projected to reach a revised size of US$ 16849 million by 2031, growing at a CAGR of 8.2% during the forecast period.
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