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Flexible AC Transmission System (FACTS) Global Market Opportunities and Strategies to 2033

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    Report

  • 312 Pages
  • May 2024
  • Region: Global
  • The Business Research Company
  • ID: 5969566
This report describes and explains the flexible AC transmission systems (FACTS) market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global flexible AC transmission systems (FACTS) market reached a value of nearly $1.3 billion in 2023, having grown at a compound annual growth rate (CAGR) of 3.7% since 2018. The market is expected to grow from $1.3 billion in 2023 to $1.7 billion in 2028 at a rate of 6.2%. The market is then expected to grow at a CAGR of 6.7% from 2028 and reach $2.4 billion in 2033.

Growth in the historic period resulted from the strong economic growth in emerging markets, initiatives aimed at modernizing aging power grid infrastructure and power quality issues such as voltage fluctuations and power surges. Factors that negatively affected growth in the historic period were complexity in integrating facts technologies into existing grid systems.

Going forward, the rise in demand for electricity, growing adoption of renewable energy sources, increased population density and urbanization and increasing industrialization across various sectors will drive the growth. Factor that could hinder the growth of the flexible AC transmission systems (FACTS) market in the future include shortage of skilled personnel proficient in facts technology.

The flexible AC transmission systems (FACTS) market is segmented by devices into static synchronous compensator (STATCOM), static var compensator (SVC), unified power flow controllers (UPFC), thyristor controlled series compensator (TCSC) and other devices. The static synchronous compensator (STATCOM) market was the largest segment of the flexible AC transmission systems (FACTS) market segmented by devices, accounting for 33.1% or $431.7 million of the total in 2023. Going forward, the other devices segment is expected to be the fastest growing segment in the flexible AC transmission systems (FACTS) market segmented by devices, at a CAGR of 7.8% during 2023-2028.

The flexible AC transmission systems (FACTS) market is segmented by controllers into shunt controllers, series controllers and combined controllers. The shunt controllers market was the largest segment of the flexible AC transmission systems (FACTS) market segmented by controllers, accounting for 63.3% or $824.5 million of the total in 2023. Going forward, the series controllers segment is expected to be the fastest growing segment in the flexible AC transmission systems (FACTS) market segmented by controllers, at a CAGR of 7.5% during 2023-2028.

The flexible AC transmission systems (FACTS) market is segmented by functionality into voltage control, network stabilization, transmission capacity and harmonic suppression. The voltage control market was the largest segment of the flexible AC transmission systems (FACTS) market segmented by functionality, accounting for 35.9% or $468.3 million of the total in 2023. Going forward, the voltage control segment is expected to be the fastest growing segment in the flexible AC transmission systems (FACTS) market segmented by functionality, at a CAGR of 6.8% during 2023-2028.

The flexible AC transmission systems (FACTS) market is segmented by application into utilities, renewables, industrial, railways and other applications. The utilities market was the largest segment of the flexible AC transmission systems (FACTS) market segmented by application, accounting for 66.1% or $860.9 million of the total in 2023. Going forward, the renewables segment is expected to be the fastest growing segment in the flexible AC transmission systems (FACTS) market segmented by application, at a CAGR of 8% during 2023-2028.

Asia Pacific was the largest region in the flexible AC transmission systems (FACTS) market, accounting for 36.3% or $473.1 million of the total in 2023. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the flexible AC transmission systems (FACTS) market will be Asia Pacific and North America where growth will be at CAGRs of 7.2% and 6.3% respectively. These will be followed by Western Europe and South America where the markets are expected to grow at CAGRs of 5.8% and 5.3% respectively.

The global flexible AC transmission systems (FACTS) market is highly concentrated, with a few large players dominating the market. The top ten competitors in the market made up to 78% of the total market in 2022. The market concentration can be attributed to the presence of large number of players in different geographies. Prominent players are acquiring the products and entering into partnerships with other companies to consolidate their market positions across the globe, while others are distributing products. Hitachi was the largest competitor with a 22.2% share of the market, followed by General Electric Company with 15.7%, Mitsubishi Electric Corporation with 15%, Siemens AG with 9.5%, Bharat Heavy Electricals Limited with 6.6%, Infineon Technologies AG with 5.2%, NR Electric Co., Ltd. with 2.3%, Hyosung Heavy Industries with 0.6%, American Superconductor with 0.6% and Alstom SA with 0.3%.

The top opportunities in the flexible AC transmission systems (FACTS) market segmented by devices will arise in the static synchronous compensator (STATCOM) segment, which will gain $152.5 million of global annual sales by 2028. The top opportunities in the flexible AC transmission systems (FACTS) market segmented by functionality will arise in the voltage control segment, which will gain $182.4 million of global annual sales by 2028. The top opportunities in the flexible AC transmission systems (FACTS) market segmented by controller will arise in the shunt controllers segment, which will gain $259.5 million of global annual sales by 2028. The top opportunities in the flexible AC transmission systems (FACTS) market segmented by application will arise in the utilities segment, which will gain $290.1 million of global annual sales by 2028. The flexible AC transmission systems (FACTS) market size will gain the most in China at $127.7 million.

Market-trend-based strategies for the flexible AC transmission systems (FACTS) market include focus on integration of smart grid technologies in FACTS, focus on strategic partnerships and collaborations among market players, focus on integration of high voltage integrated circuit (HVIC) in FACTS and focus on product launches to increase the efficiency.

Player-adopted strategies in the flexible AC transmission systems (FACTS) market include focus on partnerships with major electricity companies to design and develop regional transmission systems, focus on strengthening its business capabilities through revamp projects and focus on strengthening its business capabilities by supplying HVDC equipment.

To take advantage of the opportunities, the analyst recommends the flexible AC transmission systems (FACTS) companies to focus on integrating smart grid technologies, focus on high voltage integrated circuit (HVIC) integration, focus on new product launches, focus on STATCOM and UPFC segments, focus on voltage control and harmonic suppression segments, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships, provide competitively priced offerings, focus on strategic pricing strategies for market leadership, participate in trade shows and events, continue to use B2B promotions and focus on renewables and utilities segments.

Table of Contents

1 Executive Summary
1.1 Flexible AC Transmission System (FACTS) - Market Attractiveness and Macro Economic Landscape
2 Table of Contents3 List of Tables4 List of Figures5 Report Structure
6 Market Characteristics
6.1 General Market Definition
6.2 Summary
6.3 Flexible AC Transmission Systems (FACTS) Market Definition and Segmentations
6.4 Market Segmentation by Devices
6.4.1 Static Synchronous Compensator (STATCOM)
6.4.2 Static Var Compensator (SVC)
6.4.3 Unified Power Flow Controllers (UPFC)
6.4.4 Thyristor Controlled Series Compensator (TCSC)
6.4.5 Other Devices
6.5 Market Segmentation by Controllers
6.5.1 Shunt Controllers
6.5.2 Series Controllers
6.5.3 Combined Controllers
6.6 Market Segmentation by Functionality
6.6.1 Voltage Control
6.6.2 Network Stabilization
6.6.3 Transmission Capacity
6.6.4 Harmonic Suppression
6.7 Market Segmentation by Application
6.7.1 Utilities
6.7.2 Renewables
6.7.3 Industrial
6.7.4 Railways
6.7.5 Other Applications
7 Major Market Trends
7.1 Integration of Smart Grid Technologies in FACTS
7.2 Strategic Partnerships and Collaborations Among Market Players
7.3 Integration of High Voltage Integrated Circuit (HVIC) in FACTS
7.4 Product Launches Focused on Increasing the Efficiency
8 Flexible AC Transmission System (FACTS) Market - Macro Economic Scenario
8.1 COVID-19 Impact on the Flexible AC Transmission System (FACTS) Market
8.2 Impact of the War in Ukraine on the Flexible AC Transmission System (FACTS) Market
8.3 Impact of High Inflation on the Flexible AC Transmission System (FACTS) Market
9 Global Market Size and Growth
9.1 Market Size
9.2 Historic Market Growth, 2018-2023, Value ($ Million)
9.2.1 Market Drivers 2018-2023
9.2.2 Market Restraints 2018-2023
9.3 Forecast Market Growth, 2023-2028, 2033F Value ($ Million)
9.3.1 Market Drivers 2023-2028
9.3.2 Market Restraints 2023-2028
10 Global Flexible AC Transmission System (FACTS) Market Segmentation
10.1 Global Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
10.2 Global Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
10.3 Global Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
10.4 Global Flexible AC Transmission System (FACTS) Market, Segmentation by Controller, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
11 Flexible AC Transmission System (FACTS) Market, Regional and Country Analysis
11.1 Global Flexible AC Transmission System (FACTS) Market, by Region, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
11.2 Global Flexible AC Transmission System (FACTS) Market, by Country, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12 Asia-Pacific Market
12.1 Summary
12.1.1 Market Overview
12.1.2 Region Information
12.1.3 Market Information
12.1.4 Background Information
12.1.5 Government Initiatives
12.1.6 Regulations
12.1.7 Regulatory Bodies
12.1.8 Major Associations
12.1.9 Taxes Levied
12.1.10 Corporate Tax Structure
12.1.11 Investments
12.1.12 Major Companies
12.2 Asia-Pacific Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.3 Asia-Pacific Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.4 Asia-Pacific Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.5 Asia-Pacific Flexible AC Transmission System (FACTS) Market: Country Analysis
12.6 China Market
12.7 Summary
12.7.1 Market Overview
12.7.2 Country Information
12.7.3 Market Information
12.7.4 Background Information
12.7.5 Government Initiatives
12.7.6 Regulations
12.7.7 Regulatory Bodies
12.7.8 Major Associations
12.7.9 Taxes Levied
12.7.10 Corporate Tax Structure
12.7.11 Investments
12.7.12 Major Companies
12.8 China Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.9 China Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.10 China Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.11 India Market
12.12 India Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.13 India Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.14 India Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.15 Japan Market
12.16 Japan Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.17 Japan Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.18 Japan Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.19 Australia Market
12.20 Australia Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.21 Australia Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.22 Australia Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.23 Indonesia Market
12.24 Indonesia Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.25 Indonesia Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.26 Indonesia Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.27 South Korea Market
12.28 South Korea Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.29 South Korea Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
12.30 South Korea Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13 Western Europe Market
13.1 Summary
13.1.1 Market Overview
13.1.2 Region Information
13.1.3 Market Information
13.1.4 Background Information
13.1.5 Government Initiatives
13.1.6 Regulations
13.1.7 Regulatory Bodies
13.1.8 Major Associations
13.1.9 Taxes Levied
13.1.10 Corporate Tax Structure
13.1.11 Investments
13.1.12 Major Companies
13.2 Western Europe Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.3 Western Europe Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.4 Western Europe Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.5 Western Europe Flexible AC Transmission System (FACTS) Market: Country Analysis
13.6 UK Market
13.7 UK Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.8 UK Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.9 UK Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.10 Germany Market
13.11 Germany Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.12 Germany Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.13 Germany Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.14 France Market
13.15 France Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.16 France Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.17 France Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.18 Italy Market
13.19 Italy Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.20 Italy Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.21 Italy Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.22 Spain Market
13.23 Spain Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.24 Spain Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
13.25 Spain Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14 Eastern Europe Market
14.1 Summary
14.1.1 Market Overview
14.1.2 Region Information
14.1.3 Market Information
14.1.4 Background Information
14.1.5 Government Initiatives
14.1.6 Regulations
14.1.7 Regulatory Bodies
14.1.8 Major Associations
14.1.9 Taxes Levied
14.1.10 Corporate Tax Structure
14.1.11 Investments
14.1.12 Major Companies
14.2 Eastern Europe Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.3 Eastern Europe Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.4 Eastern Europe Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.5 Eastern Europe Flexible AC Transmission System (FACTS) Market: Country Analysis
14.6 Russia Market
14.7 Russia Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.8 Russia Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
14.9 Russia Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15 North America Market
15.1 Summary
15.1.1 Market Overview
15.1.2 Region Information
15.1.3 Market Information
15.1.4 Background Information
15.1.5 Government Initiatives
15.1.6 Regulations
15.1.7 Regulatory Bodies
15.1.8 Major Associations
15.1.9 Taxes Levied
15.1.10 Corporate Tax Structure
15.1.11 Investments
15.1.12 Major Companies
15.2 North America Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.3 North America Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.4 North America Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.5 North America Flexible AC Transmission System (FACTS) Market: Country Analysis
15.6 USA Market
15.7 Summary
15.7.1 Market Overview
15.7.2 Country Information
15.7.3 Market Information
15.7.4 Background Information
15.7.5 Government Initiatives
15.7.6 Regulations
15.7.7 Regulatory Bodies
15.7.8 Major Associations
15.7.9 Taxes Levied
15.7.10 Corporate Tax Structure
15.7.11 Investments
15.7.12 Major Companies
15.8 USA Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.9 USA Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.10 USA Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.11 Canada Market
15.12 Canada Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.13 Canada Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
15.14 Canada Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16 South America Market
16.1 Summary
16.1.1 Market Overview
16.1.2 Region Information
16.1.3 Market Information
16.1.4 Background Information
16.1.5 Government Initiatives
16.1.6 Regulations
16.1.7 Regulatory Bodies
16.1.8 Major Associations
16.1.9 Taxes Levied
16.1.10 Corporate Tax Structure
16.1.11 Investment
16.1.12 Major Companies
16.2 South America Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.3 South America Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.4 South America Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.5 South America Flexible AC Transmission System (FACTS) Market: Country Analysis
16.6 Brazil Market
16.7 Brazil Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.8 Brazil Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
16.9 Brazil Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17 Middle East Market
17.1 Summary
17.1.1 Market Overview
17.1.2 Region Information
17.1.3 Market Information
17.1.4 Background Information
17.1.5 Government Initiatives
17.1.6 Regulations
17.1.7 Regulatory Bodies
17.1.8 Major Associations
17.1.9 Taxes Levied
17.1.10 Corporate Tax Structure
17.1.11 Investments
17.1.12 Major Companies
17.2 Middle East Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.3 Middle East Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
17.4 Middle East Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18 Africa Market
18.1 Summary
18.1.1 Market Overview
18.1.2 Region Information
18.1.3 Market Information
18.1.4 Background Information
18.1.5 Government Initiatives
18.1.6 Regulations
18.1.7 Regulatory Bodies
18.1.8 Major Associations
18.1.9 Taxes Levied
18.1.10 Corporate Tax Structure
18.1.11 Major Companies
18.2 Africa Flexible AC Transmission System (FACTS) Market, Segmentation by Device, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.3 Africa Flexible AC Transmission System (FACTS) Market, Segmentation by Functionality, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
18.4 Africa Flexible AC Transmission System (FACTS) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2028F, 2033F, Value ($ Million)
19 Competitive Landscape and Company Profiles
19.1 Company Profiles
19.2 Hitachi
19.2.1 Company Overview
19.2.2 Products and Services
19.2.3 Business Strategy
19.2.4 Financial Overview
19.3 General Electric Company
19.3.1 Company Overview
19.3.2 Products and Services
19.3.3 Business Strategy
19.3.4 Financial Overview
19.4 Mitsubishi Electric Corporation
19.4.1 Company Overview
19.4.2 Products and Services
19.4.3 Business Strategy
19.4.4 Financial Overview
19.5 Siemens AG
19.5.1 Company Overview
19.5.2 Products and Services
19.5.3 Business Strategy
19.5.4 Financial Overview
19.6 Bharat Heavy Electricals Limited
19.6.1 Company Overview
19.6.2 Products and Services
19.6.3 Business Strategy
19.6.4 Financial Overview
20 Competitive Benchmarking21 Competitive Dashboard
22 Key Mergers and Acquisitions
22.1 Hitachi Energy Acquired Eks Energy
22.2 Regal Rexnord Acquired Altra Industrial Motion
22.3 United Utility Services Acquired BHI Power Delivery (BHI)
22.4 TE Connectivity Acquired Kries
23 Opportunities and Strategies
23.1 Global Flexible AC Transmission System (FACTS) Market in 2028 - Countries Offering Most New Opportunities
23.2 Global Flexible AC Transmission System (FACTS) Market in 2028 - Segments Offering Most New Opportunities
23.3 Global Flexible AC Transmission System (FACTS) Market in 2028 - Growth Strategies
23.3.1 Market Trend Based Strategies
23.3.2 Competitor Strategies
24 Flexible AC Transmission System (FACTS) Market, Conclusions and Recommendations
24.1 Conclusions
24.2 Recommendations
24.2.1 Product
24.2.2 Place
24.2.3 Price
24.2.4 Promotion
24.2.5 People
25 Appendix
25.1 Geographies Covered
25.2 Market Data Sources
25.3 Research Methodology
25.4 Currencies
25.5 About the Analyst
25.6 Copyright and Disclaimer

Executive Summary

Flexible AC Transmission System (FACTS) Global Market Opportunities and Strategies to 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global flexible AC transmission systems (FACTS) market as it emerges from the COVID-19 shut down.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies based on local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high-quality data and analysis

Description

Where is the largest and fastest-growing market for flexible AC transmission systems (FACTS)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The flexible AC transmission systems (FACTS) market global report answers all these questions and many more.

The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider flexible AC transmission systems (FACTS) market; and compares it with other markets.

The report covers the following chapters:

  • Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by devices, by controllers, by functionality and by application.
  • Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
  • Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the flexible AC transmission systems (FACTS) market.
  • Global Market Size and Growth - Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
  • Regional and Country Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
  • Market Segmentation - Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by devices, by controllers, by functionality and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
  • Regional Market Size and Growth - Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share. comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
  • Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
  • Competitive Benchmarking - Briefs on the financials comparison between major players.
  • Competitive Dashboard - Briefs on competitive dashboard of major players.
  • Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
  • Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
  • Conclusions and Recommendations - This section includes recommendations for flexible AC transmission systems (FACTS) providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
  • Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Scope

Markets Covered:

1) by Devices: Static Synchronous Compensator (STATCOM); Static Var Compensator (Svc); Unified Power Flow Controllers (UPFC); Thyristor Controlled Series Compensator (TCSC); Other Devices.
2) by Controllers: Shunt Controllers; Series Controllers; Combined Controllers.
3) by Functionality: Voltage Control; Network Stabilization; Transmission Capacity; Harmonic Suppression.
4) by Application: Utilities; Renewables; Industrial; Railways; Other Applications.

Key Companies Mentioned: Hitachi; General Electric Company; Mitsubishi Electric Corporation; Siemens AG; Bharat Heavy Electricals Limited

Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; flexible AC transmission systems (FACTS) indicators comparison.

Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

  • Hitachi
  • General Electric Company
  • Mitsubishi Electric Corporation
  • Siemens AG
  • Bharat Heavy Electricals Limited
  • Infineon Technologies AG
  • NR Electric Co., Ltd.
  • Hyosung Heavy Industries
  • American Superconductor
  • Alstom SA
  • China Electric Power Research Institute (CEPRI)
  • China Electricity Council (CEC)
  • NARI Group Corporation (NARI)
  • XJ Group Corporation
  • Beijing Sifang Automation Co Ltd
  • Sieyuan Electric Co., Ltd
  • Baoding Mingrui Optoelectronics Technology Co Ltd
  • Shanghai Electric Power T&D Equipment Co., Ltd
  • TBEA Co Ltd
  • Zhuhai Elco Technology Co Ltd
  • Shandong Electrical Engineering & Equipment Group Co., Ltd
  • Power Grid Corporation of India Ltd
  • Adani Transmission Limited
  • Hitachi ABB Power Grids Ltd
  • Toshiba Corporation
  • Hyosung Corporation
  • LS Electric
  • PT PLN
  • GE Grid Solutions
  • Alstom Grid SAS
  • ABB AG
  • Siemens Gamesa Renewable Energy
  • Ingeteam Power Technology S.A
  • Vattenfall AB
  • R&S Electric Power Engineering Ltd
  • Terna S.p.A
  • General Electric Italia
  • National Grid Electricity Transmission plc
  • Power Machines
  • RusHydro
  • Transelectrica
  • ABB Romania SRL
  • Polskie Sieci Elektroenergetyczne (PSE)
  • ČEZ Group
  • Ukrenergo
  • Siemens Energy
  • Mitsubishi Electric Power Products Inc
  • S&C Electric Company
  • Eaton Corporation
  • Schweitzer Engineering Laboratories (SEL)
  • WEG Electric
  • CPFL Energia
  • ABB Brazil
  • Industrias Jezi
  • CGE Group
  • SIEMENS Argentina
  • EME Electric Motors
  • Motores Diesel Andinos S.A.
  • Saudi Transformers Company Ltd
  • Saudi Arabian Electric Motors Manufacturing Company (SAEMMC)
  • Egyptian Electricity Transmission Company (EETC)
  • Siemens Egypt
  • Transmission Company of Nigeria (TCN)
  • ABB Nigeria Limited
  • Eskom Holdings SOC Ltd
  • Uganda Electricity Transmission Company Limited (UETCL)
  • Kenya Electricity Transmission Company Limited (KETRACO)

Methodology

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Table Information