Global Flexible AC Transmission Systems (FACTS) Market Insights and Forecast to 2028

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.
FACTS is defined by the IEEE as "a power electronic based system and other static equipment that provide control of one or more AC transmission system parameters to enhance controllability and increase power transfer capability."
According to Siemens "FACTS Increase the reliability of AC grids and reduce power delivery costs. They improve transmission quality and efficiency of power transmission by supplying inductive or reactive power to the grid.
Market Analysis and Insights: Global Flexible AC Transmission Systems (FACTS) Market
The global Flexible AC Transmission Systems (FACTS) market size is projected to reach US$ 1973.7 million by 2028, from US$ 1435.3 million in 2021, at a CAGR of 4.6% during 2022-2028.
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%.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Flexible AC Transmission Systems (FACTS) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Flexible AC Transmission Systems (FACTS) market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Flexible AC Transmission Systems (FACTS) market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Flexible AC Transmission Systems (FACTS) market.
Global Flexible AC Transmission Systems (FACTS) Scope and Market Size
Flexible AC Transmission Systems (FACTS) market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Flexible AC 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 Type and by Application for the period 2017-2028.
Segment by Type
Shunt Compensation
Series Compensation
Others
Segment by Application
Metal Industry
Utilities
Railway
Mining
Other
By Company
ABB
Siemens
RXPE
Sieyuan Electric
Mitsubishi Electric
GE
Toshiba
AMSC
Hyosung
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

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