The global market for Flexible AC Transmission (FACT) Systems was estimated at US$1.3 Billion in 2024 and is projected to reach US$1.9 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Flexible AC Transmission (FACT) Systems market.
The implementation of FACTS technology involves sophisticated power electronic systems that can rapidly adjust to changing grid conditions. SVCs and STATCOMs are primarily used for voltage control and reactive power compensation, improving the power quality and stability of the grid. TCSCs, on the other hand, are employed for dynamic line compensation, allowing for better management of power flow and congestion relief in heavily loaded lines. UPFCs combine the functions of both series and shunt compensation, offering comprehensive control over power flow in the transmission network. The integration of these devices into the grid is facilitated by advancements in semiconductor technology, real-time monitoring, and control systems, which enable precise and rapid adjustments to power conditions. As a result, FACTS systems are becoming increasingly essential in modernizing aging infrastructure and accommodating the integration of renewable energy sources, which can introduce variability and complexity into the grid.
The growth in the FACTS market is driven by several factors, including the increasing demand for reliable and efficient power transmission, the integration of renewable energy sources, and advancements in power electronics technology. The rising global energy demand, coupled with the need to upgrade and expand the existing power transmission infrastructure, is propelling the adoption of FACTS technologies. As countries commit to reducing carbon emissions and incorporating more renewable energy into their grids, the ability of FACTS to manage the intermittent nature of renewable sources like wind and solar becomes crucial. Additionally, technological advancements in power electronics have led to the development of more efficient and cost-effective FACTS devices, making them more accessible to utilities and grid operators. The shift towards smart grids and the need for real-time monitoring and control of power flows also drive the demand for FACTS. Furthermore, government policies and regulations aimed at improving grid reliability and promoting renewable energy integration are encouraging investments in FACTS technologies. These drivers collectively highlight the significant role of FACTS in enhancing the resilience and flexibility of modern power transmission systems, ensuring they can meet the challenges of the evolving energy landscape.
Global Flexible AC Transmission (FACT) Systems Market - Key Trends & Drivers Summarized
Flexible AC Transmission Systems (FACTS) represent a significant advancement in electrical power transmission technology, designed to enhance the controllability and increase the power transfer capability of the network. FACTS devices leverage power electronics to manage the flow of electricity, providing dynamic control over voltage, impedance, and phase angle. This capability allows utilities to optimize the performance of the existing transmission infrastructure, reduce losses, and improve stability. Key components of FACTS include devices such as Static Var Compensators (SVC), Thyristor-Controlled Series Capacitors (TCSC), Static Synchronous Compensators (STATCOM), and Unified Power Flow Controllers (UPFC). These devices play crucial roles in mitigating issues such as voltage instability, system oscillations, and transmission bottlenecks, thereby enhancing the overall efficiency and reliability of the power grid.The implementation of FACTS technology involves sophisticated power electronic systems that can rapidly adjust to changing grid conditions. SVCs and STATCOMs are primarily used for voltage control and reactive power compensation, improving the power quality and stability of the grid. TCSCs, on the other hand, are employed for dynamic line compensation, allowing for better management of power flow and congestion relief in heavily loaded lines. UPFCs combine the functions of both series and shunt compensation, offering comprehensive control over power flow in the transmission network. The integration of these devices into the grid is facilitated by advancements in semiconductor technology, real-time monitoring, and control systems, which enable precise and rapid adjustments to power conditions. As a result, FACTS systems are becoming increasingly essential in modernizing aging infrastructure and accommodating the integration of renewable energy sources, which can introduce variability and complexity into the grid.
The growth in the FACTS market is driven by several factors, including the increasing demand for reliable and efficient power transmission, the integration of renewable energy sources, and advancements in power electronics technology. The rising global energy demand, coupled with the need to upgrade and expand the existing power transmission infrastructure, is propelling the adoption of FACTS technologies. As countries commit to reducing carbon emissions and incorporating more renewable energy into their grids, the ability of FACTS to manage the intermittent nature of renewable sources like wind and solar becomes crucial. Additionally, technological advancements in power electronics have led to the development of more efficient and cost-effective FACTS devices, making them more accessible to utilities and grid operators. The shift towards smart grids and the need for real-time monitoring and control of power flows also drive the demand for FACTS. Furthermore, government policies and regulations aimed at improving grid reliability and promoting renewable energy integration are encouraging investments in FACTS technologies. These drivers collectively highlight the significant role of FACTS in enhancing the resilience and flexibility of modern power transmission systems, ensuring they can meet the challenges of the evolving energy landscape.
SCOPE OF STUDY:
The report analyzes the Flexible AC Transmission (FACT) Systems market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Compensation Type (Shunt, Series, Combined); Generation Type (Second, First); Application (Voltage Control); End-Use (Power Control, Utilities, Renewables, Industrial, Railways)
- Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Shunt segment, which is expected to reach US$1.5 Billion by 2030 with a CAGR of a 6.2%. The Series segment is also set to grow at 5.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $260.6 Million in 2024, and China, forecasted to grow at an impressive 7.7% CAGR to reach $276.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Flexible AC Transmission (FACT) Systems Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Flexible AC Transmission (FACT) Systems Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Flexible AC Transmission (FACT) Systems Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Microsoft Corporation, Siemens AG, Bharat Heavy Electricals Ltd., S&C Electric Company, American Superconductor Corporation (AMSC) and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 25 companies featured in this Flexible AC Transmission (FACT) Systems market report include:
- Microsoft Corporation
- Siemens AG
- Bharat Heavy Electricals Ltd.
- S&C Electric Company
- American Superconductor Corporation (AMSC)
- American Electric Power Co., Inc. (AEP)
- GE Grid Solutions
- NR Electric Co., Ltd.
- Sieyuan Electric Co., Ltd.
- Trench Austria GmbH
- Toshiba Energy Systems & Solutions Corporation
- JEMA Energy SA
- LS Electric Co. Ltd.
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Microsoft Corporation
- Siemens AG
- Bharat Heavy Electricals Ltd.
- S&C Electric Company
- American Superconductor Corporation (AMSC)
- American Electric Power Co., Inc. (AEP)
- GE Grid Solutions
- NR Electric Co., Ltd.
- Sieyuan Electric Co., Ltd.
- Trench Austria GmbH
- Toshiba Energy Systems & Solutions Corporation
- JEMA Energy SA
- LS Electric Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 580 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.3 Billion |
| Forecasted Market Value ( USD | $ 1.9 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
