Flexible AC Transmission Systems (FACTS) Market to Grow Significantly by 2031, Driven by Grid Modernization and Renewable Energy Integration - Market Research Report 2025

LOS ANGELES, United States: The factual, unbiased, and thorough assessment of the global Flexible AC Transmission Systems (FACTS) market presented in the report assures players of access to much-needed information and data to plan effective growth strategies. The report has made a brilliant attempt to provide a comprehensive research study on industry value chain, major companies, deployment models, and key opportunities, drivers, and restraints of the global Flexible AC Transmission Systems (FACTS) market. It shows how the global Flexible AC Transmission Systems (FACTS) market will advance or lack growth during each year of the forecast period. Readers are offered with detailed and near-accurate predictions of CAGR and market size of the global Flexible AC Transmission Systems (FACTS) market and its important segments.

The global Flexible AC Transmission Systems (FACTS) market was valued at US$ 1569 million in 2024 and is anticipated to reach US$ 2141 million by 2031, witnessing a CAGR of 4.6% during the forecast period 2025-2031.

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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.

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.

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%.

Vendor Landscape Analysis

The competitive landscape of the global Flexible AC Transmission Systems (FACTS) market is extensively researched in the report. The analysts have largely concentrated on company profiling of major players and also on competitive trends. All of the companies studied in the report are profiled on the basis of production, revenue, growth rate, markets served, areas served, market share, and market growth. The report will help readers to study significant changes in market competition, the level of competition, and factors impacting future market competition. It discusses important target market strategies that leading players are expected to adopt in future. In addition, it throws light on future plans of key players.

Details of Flexible AC Transmission Systems (FACTS) Market Segmentation: -

Segment by Key Manufacturers:

ABB
Siemens
RXPE
Sieyuan Electric
Mitsubishi Electric
GE
Toshiba
AMSC
Hyosung

Segment by Type

Shunt Compensation
Series Compensation
Others

Segment by Application

Metal Industry
Utilities
Railway
Mining
Other

The report offers deep insights into leading segments of the global Flexible AC Transmission Systems (FACTS) market and explains key factors helping them to collect a larger share. It provides accurate growth rate and market size achieved by each segment during the forecast period. This will help players to identify lucrative segments and plan out specific strategies to gain maximum profit from them. The report also includes sales growth, revenue, and price changes observed in important segments. Most importantly, the segmental analysis equips players with useful information and data to make the best of opportunities available in different segments.

Highlights of Report

(1) Buyers of the report will have access to unique information about top 10 players of the global Flexible AC Transmission Systems (FACTS) market

(2) The report informs readers about future products and technologies to be introduced in the global Flexible AC Transmission Systems (FACTS) market

(3) Readers are offered with comprehensive analysis on key revenue pockets of the global Flexible AC Transmission Systems (FACTS) market

(4) The report provides details about long-term and short-term strategies adopted by major players of the global Flexible AC Transmission Systems (FACTS) market

(5) The authors of the report have provided demand and growth trends of the global Flexible AC Transmission Systems (FACTS) market and also its segments

(6) In the geographical analysis section, the report discusses about recent market developments in different regions and countries

The report can be used by players, stakeholders, and investors since it caters to all of them in a unique fashion. It offers special analysis on various competitive scenarios to help players to better compete in the global Flexible AC Transmission Systems (FACTS) market. In the competitive analysis section, it provides a detailed list of important mergers and acquisitions, collaborations, and partnerships that key players have signed when operating in the global Flexible AC Transmission Systems (FACTS) market. In the concluding part of the report, the analysts have provided powerful recommendations and suggestions to help players to ensure healthy growth in the global Flexible AC Transmission Systems (FACTS) market.

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Table of Content

1 Flexible AC Transmission Systems (FACTS) Market Overview
1.1 Product Definition
1.2 Flexible AC Transmission Systems (FACTS) by Type
1.2.1 Global Flexible AC Transmission Systems (FACTS) Market Value by Type (2020-2031)
1.2.2 Shunt Compensation
1.2.3 Series Compensation
1.2.4 Others
1.3 Flexible AC Transmission Systems (FACTS) by Application
1.3.1 Global Flexible AC Transmission Systems (FACTS) Market Value by Application 2020-2031)
1.3.2 Metal Industry
1.3.3 Utilities
1.3.4 Railway
1.3.5 Mining
1.3.6 Other
1.4 Global Flexible AC Transmission Systems (FACTS) Revenue (2020-2031)
1.5 Assumptions and Limitations
1.6 Study Objectives
1.7 Years Considered
2 Key Insights
2.1 Key Emerging Trends
2.2 Key Developments - Mergers Acquisitions, New Product Launches, Collaborations, Partnerships and Joint Ventures
2.3 Latest Technological Advancements
2.4 Insights on Regulatory Scenarios
2.5 Porters Five Forces Analysis
3 Players Competitive Analysis
3.1 Global Flexible AC Transmission Systems (FACTS) Revenue by Player (2020-2025)
3.2 Flexible AC Transmission Systems (FACTS) Company Evaluation Quadrant
3.3 Industry Rank
3.3.1 Global Key Players of Flexible AC Transmission Systems (FACTS), Industry Ranking, 2023 VS 2024
3.3.2 Global Flexible AC Transmission Systems (FACTS) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3.3 Global Flexible AC Transmission Systems (FACTS) Market Concentration Rate
3.3.4 Global 5 and 10 Largest Flexible AC Transmission Systems (FACTS) Players Market Share by Revenue
3.4 Flexible AC Transmission Systems (FACTS) Market: Overall Company Footprint Analysis
3.4.1 Flexible AC Transmission Systems (FACTS) Market: Region Footprint
3.4.2 Flexible AC Transmission Systems (FACTS) Market: Company Product Type Footprint
3.4.3 Flexible AC Transmission Systems (FACTS) Market: Company Product Application Footprint
3.4.4 Global Key Players of Flexible AC Transmission Systems (FACTS), Date of Enter into This Industry
3.5 Competitive Environment
3.5.1 Historical Structure of the Industry
3.5.2 Barriers of Market Entry
3.5.3 Factors of Competition
4 Players Profiles
4.1 ABB
4.1.1 ABB Company Details
4.1.2 ABB Business Overview
4.1.3 ABB Flexible AC Transmission Systems (FACTS) Introduction
4.1.4 ABB Revenue in Flexible AC Transmission Systems (FACTS) Business (2020-2025)
4.1.5 ABB Recent Development
4.2 Siemens
4.2.1 Siemens Company Details
4.2.2 Siemens Business Overview
4.2.3 Siemens Flexible AC Transmission Systems (FACTS) Introduction
4.2.4 Siemens Revenue in Flexible AC Transmission Systems (FACTS) Business (2020-2025)
4.2.5 Siemens Recent Development
4.3 RXPE
4.3.1 RXPE Company Details
4.3.2 RXPE Business Overview
4.3.3 RXPE Flexible AC Transmission Systems (FACTS) Introduction
4.3.4 RXPE Revenue in Flexible AC Transmission Systems (FACTS) Business (2020-2025)
4.3.5 RXPE Recent Development
4.4 Sieyuan Electric
4.4.1 Sieyuan Electric Company Details
4.4.2 Sieyuan Electric Business Overview
4.4.3 Sieyuan Electric Flexible AC Transmission Systems (FACTS) Introduction
4.4.4 Sieyuan Electric Revenue in Flexible AC Transmission Systems (FACTS) Business (2020-2025)
4.4.5 Sieyuan Electric Recent Development
4.5 Mitsubishi Electric
4.5.1 Mitsubishi Electric Company Details
4.5.2 Mitsubishi Electric Business Overview
4.5.3 Mitsubishi Electric Flexible AC Transmission Systems (FACTS) Introduction
4.5.4 Mitsubishi Electric Revenue in Flexible AC Transmission Systems (FACTS) Business (2020-2025)
4.5.5 Mitsubishi Electric Recent Development
4.6 GE
4.6.1 GE Company Details
4.6.2 GE Business Overview
4.6.3 GE Flexible AC Transmission Systems (FACTS) Introduction
4.6.4 GE Revenue in Flexible AC Transmission Systems (FACTS) Business (2020-2025)
4.6.5 GE Recent Development
4.7 Toshiba
4.7.1 Toshiba Company Details
4.7.2 Toshiba Business Overview
4.7.3 Toshiba Flexible AC Transmission Systems (FACTS) Introduction
4.7.4 Toshiba Revenue in Flexible AC Transmission Systems (FACTS) Business (2020-2025)
4.7.5 Toshiba Recent Development
4.8 AMSC
4.8.1 AMSC Company Details
4.8.2 AMSC Business Overview
4.8.3 AMSC Flexible AC Transmission Systems (FACTS) Introduction
4.8.4 AMSC Revenue in Flexible AC Transmission Systems (FACTS) Business (2020-2025)
4.8.5 AMSC Recent Development
4.9 Hyosung
4.9.1 Hyosung Company Details
4.9.2 Hyosung Business Overview
4.9.3 Hyosung Flexible AC Transmission Systems (FACTS) Introduction
4.9.4 Hyosung Revenue in Flexible AC Transmission Systems (FACTS) Business (2020-2025)
4.9.5 Hyosung Recent Development
5 Analysis by Region
5.1 Global Flexible AC Transmission Systems (FACTS) Market Size by Region
5.1.1 Global Flexible AC Transmission Systems (FACTS) Revenue by Region: 2020 VS 2024 VS 2031
5.1.2 Global Flexible AC Transmission Systems (FACTS) Revenue by Region (2020-2025)
5.1.3 Global Flexible AC Transmission Systems (FACTS) Revenue by Region (2026-2031)
5.1.4 Global Flexible AC Transmission Systems (FACTS) Revenue Market Share by Region (2020-2031)
5.2 North America Flexible AC Transmission Systems (FACTS) Revenue (2020-2031)
5.3 Europe Flexible AC Transmission Systems (FACTS) Revenue (2020-2031)
5.4 Asia-Pacific Flexible AC Transmission Systems (FACTS) Revenue (2020-2031)
5.5 South America Flexible AC Transmission Systems (FACTS) Revenue (2020-2031)
5.6 Middle East & Africa Flexible AC Transmission Systems (FACTS) Revenue (2020-2031)
6 Market Scenario by Region & Country
6.1 Global Flexible AC Transmission Systems (FACTS) Revenue by Region & Country: 2020 Versus 2024 Versus 2031
6.2 Global Flexible AC Transmission Systems (FACTS) Revenue by Region & Country (2020-2031)
6.3 North America Flexible AC Transmission Systems (FACTS) Market Facts & Figures by Country
6.3.1 North America Flexible AC Transmission Systems (FACTS) Revenue by Country: 2020 VS 2024 VS 2031
6.3.2 North America Flexible AC Transmission Systems (FACTS) Revenue by Country (2020-2031)
6.3.3 U.S.
6.3.4 Canada
6.4 Europe Flexible AC Transmission Systems (FACTS) Market Facts & Figures by Country
6.4.1 Europe Flexible AC Transmission Systems (FACTS) Revenue by Country: 2020 VS 2024 VS 2031
6.4.2 Europe Flexible AC Transmission Systems (FACTS) Revenue by Country (2020-2031)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.5 Asia Pacific Flexible AC Transmission Systems (FACTS) Market Facts & Figures by Region
6.5.1 Asia Pacific Flexible AC Transmission Systems (FACTS) Market Size by Region: 2020 VS 2024 VS 2031
6.5.2 Asia Pacific Flexible AC Transmission Systems (FACTS) Revenue by Region (2020-2031)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 India
6.5.7 Australia
6.5.8 Taiwan
6.5.9 Indonesia
6.5.10 Thailand
6.5.11 Malaysia
6.5.12 Philippines
6.6 South America Flexible AC Transmission Systems (FACTS) Market Facts & Figures by Country
6.6.1 South America Flexible AC Transmission Systems (FACTS) Market Size by Country: 2020 VS 2024 VS 2031
6.6.2 South America Flexible AC Transmission Systems (FACTS) Revenue by Country
6.6.3 Mexico
6.6.4 Brazil
6.6.5 Argentina
6.7 Middle East and Africa Flexible AC Transmission Systems (FACTS) Market Facts & Figures by Country
6.7.1 Middle East and Africa Flexible AC Transmission Systems (FACTS) Market Size by Country: 2020 VS 2024 VS 2031
6.7.2 Middle East and Africa Flexible AC Transmission Systems (FACTS) Revenue by Country
6.7.3 Turkey
6.7.4 Saudi Arabia
6.7.5 U.A.E
7 Segment by Type
7.1 Global Flexible AC Transmission Systems (FACTS) Revenue by Type (2020-2025)
7.2 Global Flexible AC Transmission Systems (FACTS) Revenue by Type (2026-2031)
7.3 Global Flexible AC Transmission Systems (FACTS) Revenue Market Share by Type (2020-2031)
8 Segment by Application
8.1 Global Flexible AC Transmission Systems (FACTS) Revenue by Application (2020-2025)
8.2 Global Flexible AC Transmission Systems (FACTS) Revenue by Application (2026-2031)
8.3 Global Flexible AC Transmission Systems (FACTS) Revenue Market Share by Application (2020-2031)
9 Industry Chain and Sales Channels Analysis
9.1 Flexible AC Transmission Systems (FACTS) Industry Chain Analysis
9.2 Flexible AC Transmission Systems (FACTS) Key Raw Materials
9.2.1 Key Raw Materials
9.2.2 Raw Materials Key Suppliers
9.3 Flexible AC Transmission Systems (FACTS) Production Mode & Process
9.4 Flexible AC Transmission Systems (FACTS) Sales and Marketing
9.4.1 Flexible AC Transmission Systems (FACTS) Sales Channels
9.4.2 Flexible AC Transmission Systems (FACTS) Distributors
9.5 Flexible AC Transmission Systems (FACTS) Customers
10 Research Findings and Conclusion
11 Appendix
11.1 Research Methodology
11.1.1 Methodology/Research Approach
11.1.1.1 Research Programs/Design
11.1.1.2 Market Size Estimation
11.1.1.3 Market Breakdown and Data Triangulation
11.1.2 Data Source
11.1.2.1 Secondary Sources
11.1.2.2 Primary Sources
11.2 Author Details
11.3 Disclaimer

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