Flexible Ac Transmission Systems Market

Global Flexible Ac Transmission Systems Market Size, Trends & Analysis - Forecasts to 2029 By Compensation Type (Series Compensation, Shunt Compensation, and Combined Series-shunt Compensation), By Controller (Static Synchronous Compensator (STATCOM), Static VAR Compensator (SVC), Unified Power Flow Controller (UPFC), Thyristor Controlled Series Compensator (TCSC), and Others), and By Region (North America, Asia Pacific, Central & South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

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This report was recently updated on May 19 2024 with the latest and most recent market numbers

Global Flexible AC Transmission Systems Market Size

The global flexible AC transmission systems (FACTS) market is analysed grow at a CAGR of 7.2% during the forecast period of 2024 to 2029. These systems utilize power electronics and other advanced technologies to regulate voltage, control power flow, and improve grid stability.

The market is driven by factors such as increasing demand for energy efficiency and integration of renewable resources. With a growing emphasis on sustainability and energy conservation, there is a rising demand for technologies that enhance the efficiency of power transmission systems. FACTS solutions, which optimize power flow, reduce losses, and improve grid stability, align perfectly with this trend, driving their adoption in developed and emerging economies. The transition towards renewable energy sources such as wind and solar necessitates the integration of intermittent generation into existing grid infrastructures. FACTS devices enable smoother integration by managing power fluctuations, enhancing grid reliability, and mitigating the challenges associated with variable renewable generation. One of the opportunities in the market arises from regions investing in grid modernization projects to upgrade aging infrastructure, enhance reliability, and adapt to new technologies. FACTS solutions, with their advanced grid control capabilities, are appealing to utilities and grid operators aiming to modernize transmission networks and improve performance amid changing energy needs.

However, the upfront capital costs associated with deploying FACTS technologies can be substantial, presenting a barrier to widespread adoption, particularly in regions with limited financial resources.

global flexible ac transmission systems market

Global Flexible AC Transmission Systems Market: By Compensation Type

Based on compensation type, the market is segmented into series compensation, shunt compensation, and combined series-shunt compensation. The series compensation segment is expected to hold the largest share of the market during the forecast period. The growth can be attributed to its effectiveness in enhancing power transfer capability and reducing transmission line losses. Series compensation devices such as Thyristor Controlled Series Compensators (TCSCs) offer dynamic impedance control, enabling utilities to optimize power flow and improve grid stability. This capability makes series compensation a preferred choice for enhancing transmission efficiency and reliability.

The combined series-shunt compensation segment is projected to grow fastest during the forecast period. This growth can be attributed to the combined benefits of series and shunt compensation, which offer enhanced control over voltage and power flow in transmission networks. Utilities and grid operators are increasingly adopting combined compensation solutions to optimize grid performance and reliability.

Global Flexible Ac Transmission Systems Market: By Controller

Based on controller, the market is segmented into static synchronous compensator (STATCOM), static var compensator (SVC), unified power flow controller (UPFC), thyristor controlled series compensator (TCSC), and others. The static synchronous compensator (STATCOM) segment is expected to hold the largest share of the market during the forecast period. This is due to its rapid response and precise voltage control features. STATCOMs play a crucial role in maintaining grid stability by quickly injecting or absorbing reactive power to regulate voltage levels. Their proven reliability and effectiveness make them a preferred choice for utilities and grid operators seeking enhanced grid performance and stability.

The unified power flow controller (UPFC) segment is projected to grow fastest during the forecast period. UPFCs offer multifunctional capabilities, allowing for independent control of voltage magnitude and phase angle to optimize power flow in transmission networks. As utilities and grid operators seek advanced solutions to manage power flow efficiently, UPFCs stand out for their ability to enhance grid reliability and operational flexibility.

asia pacific flexible ac transmission systems market

Global Flexible AC Transmission Systems Market: By Region

North America is analyzed to be the largest region in the global flexible AC transmission systems market during the forecast period. This dominance can be attributed to extensive investments in grid modernization initiatives, stringent regulations promoting energy efficiency, and a growing focus on integrating renewable energy sources into the existing transmission infrastructure.

Asia Pacific is analyzed to be the fastest-growing region in the global flexible AC transmission systems market during the forecast period. The region's robust economic expansion drives increased energy demand, necessitating upgrades to transmission infrastructure. Population growth fuels higher electricity consumption, prompting investment in grid capacity and efficiency. Urbanization leads to greater electricity usage, requiring improved transmission systems to meet urban energy demands. Asia Pacific's push for renewable energy integration necessitates advanced grid control solutions like FACTS to manage variable power generation effectively.

Global Flexible AC Transmission Systems Market Share and Competitor Analysis

Mitsubishi Electric Corporation, NR Electric Co., Ltd., ABB Ltd., Eaton Corporation, Siemens, Adani Power Ltd, General Electric, Hyosung Corporation., CG Power and Industrial Solutions Limited., and Alstom SA, among others, are some of the key players operating in the global market.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Flexible AC Transmission Systems Market: Recent Developments

In April 2023, General Electric Renewable Energy’s Grid Solutions business won five Flexible AC Transmission Systems (FACTS) in recent months, reflecting customers’ confidence in GE’s technology to help them increase the power transfer capability and controllability of their alternating current (AC) grids.

 

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL FLEXIBLE AC TRANSMISSION MARKET, BY COMPENSATION TYPE

4.1   Introduction

4.2   Flexible AC Transmission Market: Compensation Type Key Takeaways

4.3   Revenue Growth Analysis, 2023 & 2029

4.4   Series Compensation

4.4.1        Series Compensation Market Estimates and Forecast, 2021-2029 (USD Million)

4.5   Shunt Compensation

4.5.1        Shunt Compensation Market Estimates and Forecast, 2021-2029 (USD Million)

4.6   Combined Series-shunt Compensation

4.6.1        Combined Series-Shunt Compensation Market Estimates and Forecast, 2021-2029 (USD Million)

5          GLOBAL FLEXIBLE AC TRANSMISSION MARKET, BY CONTROLLER

5.1   Introduction

5.2   Flexible AC Transmission Market: Controller Scope Key Takeaways

5.3   Revenue Growth Analysis, 2023 & 2029

5.4   Static Synchronous Compensator (STATCOM)

5.4.1        Static Synchronous Compensator (STATCOM) Market Estimates and Forecast, 2021-2029 (USD Million)

5.5   Static VAR Compensator (SVC)

5.5.1        Static VAR Compensator (SVC) Market Estimates and Forecast, 2021-2029 (USD Million)

5.6   Unified Power Flow Controller (UPFC)

5.6.1        Unified Power Flow Controller (UPFC) Market Estimates and Forecast, 2021-2029 (USD Million)

5.7   Thyristor Controlled Series Compensator (TCSC)

5.7.1        Thyristor Controlled Series Compensator (TCSC) Market Estimates and Forecast, 2021-2029 (USD Million)

5.8   Others

5.8.1        Others Market Estimates and Forecast, 2021-2029 (USD Million)

6          GLOBAL FLEXIBLE AC TRANSMISSION MARKET, BY REGION

6.1   Introduction

6.2   North America Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.1        By Compensation Type

6.2.2        By Controller

6.2.3        By Country

6.2.3.1     U.S. Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.1.1        By Compensation Type

6.2.3.1.2        By Controller

6.2.3.2     Canada Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.2.1        By Compensation Type

6.2.3.2.2        By Controller

6.2.3.3     Mexico Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.3.1        By Compensation Type

6.2.3.3.2        By Controller

6.3   Europe Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.1        By Compensation Type

6.3.2        By Controller

6.3.3        By Country

6.3.3.1     Germany Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.1.1        By Compensation Type

6.3.3.1.2        By Controller

6.3.3.2     U.K. Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.2.1        By Compensation Type

6.3.3.2.2        By Controller

6.3.3.3     France Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.3.1        By Compensation Type

6.3.3.3.2        By Controller

6.3.3.4     Italy Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.4.1        By Compensation Type

6.3.3.4.2        By Controller

6.3.3.5     Spain Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.5.1        By Compensation Type

6.3.3.5.2        By Controller

6.3.3.6     Netherlands Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Compensation Type

6.3.3.6.2        By Controller

6.3.3.7     Rest of Europe Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Compensation Type

6.3.3.6.2        By Controller

6.4   Asia Pacific Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.1        By Compensation Type

6.4.2        By Controller

6.4.3        By Country

6.4.3.1     China Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.1.1        By Compensation Type

6.4.3.1.2        By Controller

6.4.3.2     Japan Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.2.1        By Compensation Type

6.4.3.2.2        By Controller

6.4.3.3     India Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.3.1        By Compensation Type

6.4.3.3.2        By Controller

6.4.3.4     South Korea Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.4.1        By Compensation Type

6.4.3.4.2        By Controller

6.4.3.5     Singapore Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.5.1        By Compensation Type

6.4.3.5.2        By Controller

6.4.3.6     Malaysia Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Compensation Type

6.4.3.6.2        By Controller

6.4.3.7     Thailand Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Compensation Type

6.4.3.6.2        By Controller

6.4.3.8     Indonesia Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.7.1        By Compensation Type

6.4.3.7.2        By Controller

6.4.3.9     Vietnam Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.8.1        By Compensation Type

6.4.3.8.2        By Controller

6.4.3.10  Taiwan Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.10.1 By Compensation Type

6.4.3.10.2 By Controller

6.4.3.11  Rest of Asia Pacific Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.11.1 By Compensation Type

6.4.3.11.2 By Controller

6.5   Middle East & Africa Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.1        By Compensation Type

6.5.2        By Controller

6.5.3        By Country

6.5.3.1     Saudi Arabia Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.1.1        By Compensation Type

6.5.3.1.2        By Controller

6.5.3.2     U.A.E. Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.2.1        By Compensation Type

6.5.3.2.2        By Controller

6.5.3.3     Israel Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.3.1        By Compensation Type

6.5.3.3.2        By Controller

6.5.3.4     South Africa Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.4.1        By Compensation Type

6.5.3.4.2        By Controller

6.5.3.5     Rest of Middle East & Africa Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.5.1        By Compensation Type

6.5.3.5.2        By Controller

6.6   Central & South America Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.1        By Compensation Type

6.6.2        By Controller

6.6.3        By Country

6.6.3.1     Brazil Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.1.1        By Compensation Type

6.6.3.1.2        By Controller

6.6.3.2     Argentina Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.2.1        By Compensation Type

6.6.3.2.2        By Controller

6.6.3.3     Chile Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Compensation Type

6.6.3.3.2        By Controller

6.6.3.3     Rest of Central & South America Flexible AC Transmission Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Compensation Type

6.6.3.3.2        By Controller

7          COMPETITIVE LANDCAPE

7.1   Company Market Share Analysis

7.2   Four Quadrant Positioning Matrix

7.2.1        Market Leaders

7.2.2        Market Visionaries

7.2.3        Market Challengers

7.2.4        Niche Market Players

7.3   Vendor Landscape

7.3.1        North America

7.3.2        Europe

7.3.3        Asia Pacific

7.3.4        Rest of the World

7.4   Company Profiles  

7.4.1        Mitsubishi Electric Corporation

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2        NR Electric Co.

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3        ABB Ltd.

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4        General Electric

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5        Hyosung Corporation

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6        CG POWER AND INDUSTRIAL SOLUTIONS LIMITED

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7        Eaton Corporation  

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8        Adani Power Ltd

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9        Alstom SA

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

7.4.10      Siemens

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11      Other Companies

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

8          RESEARCH METHODOLOGY

8.1   Market Introduction

8.1.1        Market Definition

8.1.2        Market Scope & Segmentation

8.2   Information Procurement

8.2.1        Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2        Primary Research

8.2.2.1 Various Types of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3        Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4        Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3   Market Estimation

8.3.1        Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2        Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4   Data Triangulation

8.4.1        Data Collection

8.4.2        Time Series, Cross Sectional & Panel Data Analysis

8.4.3        Cluster Analysis

8.5   Analysis and Output

8.5.1        Inhouse AI Based Real Time Analytics Tool

8.5.2        Output From Desk & Primary Research

8.6   Research Assumptions & Limitations

8.6.1        Research Assumptions

8.6.2        Research Limitations

LIST OF TABLES

1 Global Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

2 Series Compensation Market, By Region, 2021-2029 (USD Mllion)

3 Shunt Compensation Market, By Region, 2021-2029 (USD Mllion)

4 Combined Series-Shunt Compensation Market, By Region, 2021-2029 (USD Mllion)

5 Global Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

6 Static Synchronous Compensator (STATCOM) Market, By Region, 2021-2029 (USD Mllion)           

7 Static VAR Compensator (SVC) Market, By Region, 2021-2029 (USD Mllion)

8 Unified Power Flow Controller (UPFC) Market, By Region, 2021-2029 (USD Mllion)

9 Thyristor Controlled Series Compensator (TCSC) Market, By Region, 2021-2029 (USD Mllion)

10 Others Market, By Region, 2021-2029 (USD Mllion)

11 Regional Analysis, 2021-2029 (USD Mllion)

12 North America Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)       

13 North America Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)         

14 North America Flexible AC Transmission Market, By Country, 2021-2029 (USD Mllion) 

15 U.S. Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

16 U.S. Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)   

17 Canada Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

18 Canada Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

19 Mexico Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

20 Mexico Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

21 Europe Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

22 Europe Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

23 Europe Flexible AC Transmission Market, By Country, 2021-2029 (USD Mllion)

24 Germany Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)      

25 Germany Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

26 U.K. Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

27 U.K. Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)   

28 France Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

29 France Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

30 Italy Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

31 Italy Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

32 Spain Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

33 Spain Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

34 Netherlands Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)       

35 Netherlands Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

36 Rest Of Europe Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)       

37 Rest Of Europe Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)         

38 Asia Pacific Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

39 Asia Pacific Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

40 Asia Pacific Flexible AC Transmission Market, By Country, 2021-2029 (USD Mllion)

41 China Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

42 China Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

43 Japan Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

44 Japan Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

45 India Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

46 India Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

47 South Korea Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)       

48 South Korea Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

49 Singapore Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)   

50 Singapore Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

51 Thailand Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)       

52 Thailand Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

53 Malaysia Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)      

54 Malaysia Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

55 Indonesia Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)    

56 Indonesia Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

57 Vietnam Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

58 Vietnam Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

59 Taiwan Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

60 Taiwan Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

61 Rest of APAC Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)       

62 Rest of APAC Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)               

63 Middle East & Africa Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)      

64 Middle East & Africa Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)       

65 Middle East & Africa Flexible AC Transmission Market, By country, 2021-2029 (USD Mllion)    

66 Saudi Arabia Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)       

67 Saudi Arabia Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

68 UAE Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

69 UAE Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)   

70 Israel Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

71 Israel Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

72 South Africa Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)       

73 South Africa Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

74 Rest Of Middle East & Africa Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)           

75 Rest Of Middle East & Africa Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)      

76 Central & South America Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)      

77 Central & South America Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)       

78 Central & South America Flexible AC Transmission Market, By Country, 2021-2029 (USD Mllion)       

79 Brazil Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

80 Brazil Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

81 Chile Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

82 Chile Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

83 Argentina Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)   

84 Argentina Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)

85 Rest Of Central & South America Flexible AC Transmission Market, By Compensation Type, 2021-2029 (USD Mllion)

86 Rest Of Central & South America Flexible AC Transmission Market, By Controller, 2021-2029 (USD Mllion)      

87 Mitsubishi Electric Corporation: Products & Services Offering

88 NR Electric Co.: Products & Services Offering       

89 ABB Ltd.: Products & Services Offering       

90 General Electric: Products & Services Offering  

91 Hyosung Corporation: Products & Services Offering       

92 CG POWER AND INDUSTRIAL SOLUTIONS LIMITED: Products & Services Offering        

93 Eaton Corporation : Products & Services Offering             

94 Adani Power Ltd: Products & Services Offering    

95 Alstom SA: Products & Services Offering  

96 Siemens: Products & Services Offering      

97 Other Companies: Products & Services Offering  

LIST OF FIGURES

1 Global Flexible AC Transmission Market Overview

2 Global Flexible AC Transmission Market Value From 2021-2029 (USD Mllion)

3 Global Flexible AC Transmission Market Share, By Compensation Type (2023)

4 Global Flexible AC Transmission Market Share, By Controller (2023)

5 Global Flexible AC Transmission Market, By Region (Asia Pacific Market)

6 Technological Trends In Global Flexible AC Transmission Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Flexible AC Transmission Market

10 Impact Of Challenges On The Global Flexible AC Transmission Market

11 Porter’s Five Forces Analysis

12 Global Flexible AC Transmission Market: By Compensation Type Scope Key Takeaways

13 Global Flexible AC Transmission Market, By Compensation Type Segment: Revenue Growth Analysis

14 Series Compensation Market, By Region, 2021-2029 (USD Mllion) 

15 Shunt Compensation Market, By Region, 2021-2029 (USD Mllion)  

16 Combined Series-shunt Compensation Market, By Region, 2021-2029 (USD Mllion)

17 Global Flexible AC Transmission Market: By Controller Scope Key Takeaways

18 Global Flexible AC Transmission Market, By Controller Segment: Revenue Growth Analysis

19 Static Synchronous Compensator (STATCOM) Market, By Region, 2021-2029 (USD Mllion)

20 Static VAR Compensator (SVC) Market, By Region, 2021-2029 (USD Mllion)

21 Unified Power Flow Controller (UPFC) Market, By Region, 2021-2029 (USD Mllion)

22 Thyristor Controlled Series Compensator (TCSC) Market, By Region, 2021-2029 (USD Mllion)

23 Others Market, By Region, 2021-2029 (USD Mllion)    

24 Regional Segment: Revenue Growth Analysis

25 Global Flexible AC Transmission Market: Regional Analysis

26 North America Flexible AC Transmission Market Overview

27 North America Flexible AC Transmission Market, By Compensation Type

28 North America Flexible AC Transmission Market, By Controller

29 North America Flexible AC Transmission Market, By Country

30 U.S. Flexible AC Transmission Market, By Compensation Type

31 U.S. Flexible AC Transmission Market, By Controller

32 Canada Flexible AC Transmission Market, By Compensation Type

33 Canada Flexible AC Transmission Market, By Controller

34 Mexico Flexible AC Transmission Market, By Compensation Type

35 Mexico Flexible AC Transmission Market, By Controller

36 Four Quadrant Positioning Matrix

37 Company Market Share Analysis

38 Mitsubishi Electric Corporation: Company Snapshot

39 Mitsubishi Electric Corporation: SWOT Analysis

40 Mitsubishi Electric Corporation: Geographic Presence

41 NR Electric Co.: Company Snapshot

42 NR Electric Co.: SWOT Analysis

43 NR Electric Co.: Geographic Presence

44 ABB Ltd.: Company Snapshot

45 ABB Ltd.: SWOT Analysis

46 ABB Ltd.: Geographic Presence

47 General Electric: Company Snapshot

48 General Electric: Swot Analysis

49 General Electric: Geographic Presence

50 Hyosung Corporation: Company Snapshot

51 Hyosung Corporation: SWOT Analysis

52 Hyosung Corporation: Geographic Presence

53 CG POWER AND INDUSTRIAL SOLUTIONS LIMITED: Company Snapshot

54 CG POWER AND INDUSTRIAL SOLUTIONS LIMITED: SWOT Analysis

55 CG POWER AND INDUSTRIAL SOLUTIONS LIMITED: Geographic Presence

56 Eaton Corporation : Company Snapshot

57 Eaton Corporation : SWOT Analysis

58 Eaton Corporation : Geographic Presence

59 Adani Power Ltd: Company Snapshot

60 Adani Power Ltd: SWOT Analysis

61 Adani Power Ltd: Geographic Presence

62 Alstom SA.: Company Snapshot

63 Alstom SA.: SWOT Analysis

64 Alstom SA.: Geographic Presence

65 Siemens: Company Snapshot

66 Siemens: SWOT Analysis

67 Siemens: Geographic Presence

68 Other Companies: Company Snapshot

69 Other Companies: SWOT Analysis

70 Other Companies: Geographic Presence

The Global Flexible Ac Transmission Systems Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Flexible Ac Transmission Systems Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Flexible Ac Transmission Systems Market.

Flexible Ac Transmission Systems Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Flexible Ac Transmission Systems Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Flexible Ac Transmission Systems Market Share

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Frequently Asked Questions

The global flexible ac transmission systems market is analysed grow at a CAGR of 7.2% during the forecast period of 2024 to 2029.
The key players operating in the market are Mitsubishi Electric Corporation, NR Electric Co., Ltd., ABB Ltd., Eaton Corporation, Siemens, Adani Power Ltd, General Electric, Hyosung Corporation., CG Power and Industrial Solutions Limited., and Alstom SA, among others.
One of the opportunities in the market arises from regions investing in grid modernization projects to upgrade aging infrastructure, enhance reliability, and adapt to new technologies. FACTS solutions, with their advanced grid control capabilities, are appealing to utilities and grid operators aiming to modernize transmission networks and improve performance amid changing energy needs.
Global flexible ac transmission systems market growth is driven by increasing demand for energy efficiency and integration of renewable resources with their advanced grid control capabilities.

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