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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.
Market Analysis and Insights: Global and United States Flexible Alternating Current Transmission Systems (FACTS) Market
This report focuses on global and United States Flexible Alternating Current Transmission Systems (FACTS) market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Flexible Alternating Current Transmission Systems (FACTS) market size is estimated to be worth US$ 1409.2 million in 2022 and is forecast to a readjusted size of US$ 1921.1 million by 2028 with a CAGR of 5.3% during the review period. Fully considering the economic change by this health crisis, by Type, Shunt Compensation accounting for % of the Flexible Alternating Current Transmission Systems (FACTS) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Metal Industry was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
The high-end products mainly come from USA, Japan and Europe.The leading manufactures mainly are ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC and Hyosung. ABB is the largest manufacturer; its revenue of global market exceeds 31% in 2019. Geographically, the global Flexible AC Transmission Systems (FACTS) market has been segmented into North America, Europe, Asia-Pacific, South America and Middle East and Africa. The Europe held the largest share in the global market, its revenue of global market exceeds 33.71% in 2019. The next is Asia-Pacific.
Global Flexible Alternating Current Transmission Systems (FACTS) Scope and Market Size
Flexible Alternating Current Transmission Systems (FACTS) market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Flexible Alternating Current Transmission Systems (FACTS) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Flexible Alternating Current Transmission Systems (FACTS) market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Shunt Compensation
Series Compensation
Segment by Application
Metal Industry
Utilities
Railway
Mining
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
ABB
Siemens
Mitsubishi Electric
RXPE
GE
Toshiba
Sieyuan Electric
Hyosung
AMSC
Market Analysis and Insights: Global and United States Flexible Alternating Current Transmission Systems (FACTS) Market
This report focuses on global and United States Flexible Alternating Current Transmission Systems (FACTS) market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Flexible Alternating Current Transmission Systems (FACTS) market size is estimated to be worth US$ 1409.2 million in 2022 and is forecast to a readjusted size of US$ 1921.1 million by 2028 with a CAGR of 5.3% during the review period. Fully considering the economic change by this health crisis, by Type, Shunt Compensation accounting for % of the Flexible Alternating Current Transmission Systems (FACTS) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Metal Industry was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
The high-end products mainly come from USA, Japan and Europe.The leading manufactures mainly are ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC and Hyosung. ABB is the largest manufacturer; its revenue of global market exceeds 31% in 2019. Geographically, the global Flexible AC Transmission Systems (FACTS) market has been segmented into North America, Europe, Asia-Pacific, South America and Middle East and Africa. The Europe held the largest share in the global market, its revenue of global market exceeds 33.71% in 2019. The next is Asia-Pacific.
Global Flexible Alternating Current Transmission Systems (FACTS) Scope and Market Size
Flexible Alternating Current Transmission Systems (FACTS) market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Flexible Alternating Current Transmission Systems (FACTS) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Flexible Alternating Current Transmission Systems (FACTS) market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Shunt Compensation
Series Compensation
Segment by Application
Metal Industry
Utilities
Railway
Mining
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
ABB
Siemens
Mitsubishi Electric
RXPE
GE
Toshiba
Sieyuan Electric
Hyosung
AMSC
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
