Press release
Flexible AC Transmission System (FACTS) Market 2023 - Growth, Development Factors And Future Prospects By 2032
Flexible AC Transmission System (FACTS) Market
The Business Research Company's Flexible AC Transmission System (FACTS) Global Market Report 2023 identifies expansion of grid infrastructure as the major driver for the Flexible AC Transmission System (FACTS) market's growth in the forecast period. Grid infrastructure refers to a system of power plants, power lines, and power substations. Flexible AC Transmission Networks (FACTS) are used in grid infrastructure to increase transmission line capacity and enhance system stability by decreasing a power line's transfer reactance.
The global flexible AC transmission systems market size is expected to grow from $1.32 billion in 2022 to $1.39 billion in 2023 at a compound annual growth rate (CAGR) of 5.84%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global flexible AC transmission systems market size is expected to reach $1.77 billion in 2027 at a CAGR of 6.16%.
Download Free Sample Of Flexible AC Transmission System (FACTS) Market Report - https://www.thebusinessresearchcompany.com/sample_request?id=10279&type=smp
Major competitors in the Flexible AC Transmission System (FACTS) market are ABB Ltd., Adani Power Limited, Alstom SA, Mitsubishi Electric Corporation, CG Power And Industrial Solutions, Hyosung Heavy Industries.
A key trend in the Flexible AC Transmission System (FACTS) market includes technological innovations. Companies operating in the flexible AC transmission systems market are adopting new technologies to sustain their position in the market. For instance, in September 2020, Siemens Energy AG, a German-based manufacturer of gas turbines, steam turbines, generators, and transformers, launched UPFC Plus (Unified Power Flow Controller), which is a combination of STATCOM (Static Synchronous Compensator) and Static Synchronous Series Compensator (SSSC) based on VSC (Voltage Source Converter) technology. The UPFC PLUS would assist system operators in grid stabilization by dynamically managing load flow in alternating-current grids. This also expands grid operators' ability to respond quickly to shifting power demand to enable renewable energy integration while also ensuring grid resilience and stability.
Read More On The Global Flexible AC Transmission System (FACTS) Market Report Here:
https://www.thebusinessresearchcompany.com/report/flexible-ac-transmission-system-facts-global-market-report
The Flexible AC Transmission System (FACTS) market is segmented -
• By Product: Static Synchronous Compensator (STATCOM), Static Var Compensator (SVC), Unified Power Flow Controllers (UPFC), Thyristor Controlled Series Compensator (TCSC)
• By Compensation Type: Shunt Compensation, Series Compensation, Combined Series-Shunt Compensation
• By Functionality: Voltage Control, Network Stabilization, Transmission Capacity
• By Application: Utilities, Renewables, Industrial, Railways, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Flexible AC Transmission System (FACTS) market.
The Business Research Company's "Global Flexible AC Transmission System (FACTS) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
Explore Buying Options For The Flexible AC Transmission System (FACTS) Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10279
The Table Of Content For The Flexible AC Transmission System (FACTS) Market Include:
1. Executive Summary
2. Flexible AC Transmission System (FACTS) Market Characteristics
3. Flexible AC Transmission System (FACTS) Market Trends And Strategies
4. Flexible AC Transmission System (FACTS) Market - Macro Economic Scenario
5. Flexible AC Transmission System (FACTS) Market Size And Growth
…………………………………….
26. Africa Flexible AC Transmission System (FACTS) Market
27. Flexible AC Transmission System (FACTS) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Flexible AC Transmission System (FACTS) Market
29. Flexible AC Transmission System (FACTS) Market Future Outlook and Potential Analysis
30. Appendix
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Flexible AC Transmission System (FACTS) Market 2023 - Growth, Development Factors And Future Prospects By 2032 here
News-ID: 3296913 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Transmission
Belton Transmission Offers Local Advantage in Remanufactured Transmission Distri …
Image: https://www.globalnewslines.com/uploads/2025/05/1746464524.jpg
From Maintenance to Repairs, We Do It All-Belton Transmission and Complete Auto Repair
Belton, MO - May 6, 2025 - When it comes to transmission services, not all auto shops are created equal. At Belton Transmission and Complete Auto Repair, we're proud to offer local distribution of high-quality remanufactured transmissions - a service that brings unmatched convenience and reliability to our community and industry partners throughout the Kansas City…
Automotive Transmission Engineering Services Outsourcing Market by Transmission …
Automotive Transmission Engineering Services Outsourcing market is expected to reach USD 19.02 billion by 2027 and witnessing market growth at a rate of 6.5% in the forecast period of 2020 to 2027.
The Automotive Transmission Engineering Services Outsourcing report assists to attain an extreme sense of evolving industry movements before the competitors. The report presents the data and information for actionable, most modern and real-time market insights about Automotive Transmission…
Automotive Clutch Market Forecast to 2028 Covid-19 Impact and Global Analysis by …
A clutch is a mechanical device which connects and disconnects the power transmission from one driving shafts to other driven shafts. With rapid automobile sales across the world, consumer demand for effective transmission modes, thereby demands automotive clutch is expected to grow significantly in the near future. Due to the presence of prominent manufactures in developed countries is expected to lead the market in terms of revenue and volume.
Sample PDF…
Transmission Repair Market to 2025 - Leading Players BorgWarner, Continental AG, …
Transmission Repair Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical white papers, paid…
Global Transmission Repair Market - Allison Transmission, Schaeffler, Continenta …
A New fresh research report presented by KD Market Insights provides a detailed analysis of “Transmission Repair Market – By Components (Gaskets and Seals, Fluids, Transmission Filters, O-Rings, Axles), By Repair Type (Transmission General Repair, Transmission Overhaul), By Vehicle Type (Passenger Car, Light Commercial Vehicle) & Global Region - Market Size, Share, Trends and Forecast 2018-2023” research report will include all the major trends and technologies that play an important…
Wireless Power Transmission Market segmentation is based on application, technol …
Wireless power transmission (WPT) or wireless power transfer refers to the transfer of energy or power from one place to another without being connecting through wires. In this, electromagnetic energy is transferred from power sources to electric loads.
Wired transmission is the most commonmode of transmitting electrical energy. Its main drawback, the loss of energy during transmission, drives the demand for wireless power transmission. Being fast and consistent, WPT can be…
