유연송전시스템(FACTS) 시장 : 보상 유형별, 컨트롤러별, 업종별, 지역별(2025-2033년)

The global flexible AC transmission system (FACTS) market size reached USD 1.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.3 Billion by 2033, exhibiting a growth rate (CAGR) of 4.64% during 2025-2033. The developing electric power transmission system, the increasing government expenditure to build smart grids, and the rising adoption of renewable energy sources represent some of the key factors driving the market.

A flexible AC transmission system (FACTS) is a technology used in power transmission systems to enhance their efficiency and control the flow of electricity. These devices are used to improve power transfer capability, reduce power losses, and improve the overall stability and reliability of the grid. It includes the use of power electronics and advanced control systems, which enable the real-time control of voltage, current, and reactive power on the transmission line. This helps to regulate power flow, stabilize the grid, and mitigate problems such as voltage instability and grid oscillations. They can also be applied in a variety of transmission systems, including high-voltage direct current (HVDC) systems, alternating current (AC) transmission lines, and power transformers. In addition, these devices can be used to integrate renewable energy sources such as wind and solar power into the grid. Besides this, FACTS technology offers various benefits such as improved power quality, increased power transfer capability, reduced transmission losses, and enhanced grid stability and reliability. As a result, it is increasingly adopted in the power and energy industry.

Flexible AC Transmission System (FACTS) Market Trends:

The market is primarily driven by the increasing demand for electricity across the globe, which has resulted in the development of new power infrastructure and transmission lines. FACTS technology enables utilities to increase power transfer capacity and improve grid reliability, which makes it a suitable option for meeting the growing electricity demand. In addition, the increasing government expenditure to build smart grids due to the aging power grid infrastructure in many countries represents another major growth-inducing factor. FACTS systems can help upgrade the existing grid by improving its stability, reducing power losses, and enhancing the overall efficiency of the system. Besides this, the increasing adoption of renewable energy sources such as wind and solar power due to the growing environmental concerns has escalated the demand for FACTS technology that can help to mitigate the intermittent nature of renewable energy by regulating power flow and improving grid stability. This, coupled with the surging need for controllability of power systems in oil and gas, railways, and electric utility industries, is contributing to the market growth. Moreover, the growing mergers and acquisitions (M&As) and collaboration among the leading market players to strengthen their foothold is also creating a favorable market outlook across the globe.

Key Market Segmentation:

Compensation Type Insights:

• Series Compensation
• Shunt Compensation
• Combined Series-Shunt Compensation

Controller Insights:

• Static Synchronous Compensator (STATCOM)
• Static Var Compensator (SVC)
• Unified Power Flow Controllers (UPFC)
• Thyristor Controlled Series Compensator (TCSC)
• Others

Industry Vertical Insights:

• Utilities
• Renewables
• Railways
• Others

Regional Insights:

• North America
• United States
• Canada
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa
• The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for flexible AC transmission system (FACTS). Some of the factors driving the North America flexible AC transmission system (FACTS) market include the increasing demand for electricity, the surging need to upgrade infrastructure, and the implementation of government regulations and initiatives.

Competitive Landscape:

• The report has also provided a comprehensive analysis of the competitive landscape in the global flexible AC transmission system (FACTS) market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Alstom, Eaton Corporation PLC, GE Grid Solutions (General Electric), Hitachi Energy Ltd., Mitsubishi Electric Corporation, NR Electric Co., Ltd. (Nari Technology Co., Ltd.), Siemens Energy, Toshiba Energy Systems & Solutions Corporation (Toshiba Corp.), etc.

Key Questions Answered in This Report

• 1.How big is the global Flexible AC Transmission System (FACTS) market?
• 2.What is the expected growth rate of the global Flexible AC Transmission System (FACTS) market during 2025-2033?
• 3.What are the key factors driving the global Flexible AC Transmission System (FACTS) market?
• 4.What has been the impact of COVID-19 on the global Flexible AC Transmission System (FACTS) market?
• 5.What is the breakup of the global Flexible AC Transmission System (FACTS) market based on the compensation type?
• 6.What is the breakup of the global Flexible AC Transmission System (FACTS) market based on the controller?
• 7.What is the breakup of the global Flexible AC Transmission System (FACTS) market based on the industry vertical?
• 8.What are the key regions in the global Flexible AC Transmission System (FACTS) market?
• 9.Who are the key players/companies in the global Flexible AC Transmission System (FACTS) market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Flexible AC Transmission System (FACTS) Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Compensation Type

• 6.1 Series Compensation
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Shunt Compensation
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Combined Series-Shunt Compensation
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Controller

• 7.1 Static Synchronous Compensator (STATCOM)
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Static Var Compensator (SVC)
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Unified Power Flow Controllers (UPFC)
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Thyristor Controlled Series Compensator (TCSC)
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 Others
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast

8 Market Breakup by Industry Vertical

• 8.1 Utilities
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Renewables
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Railways
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Others
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia-Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 Drivers, Restraints, and Opportunities

• 10.1 Overview
• 10.2 Drivers
• 10.3 Restraints
• 10.4 Opportunities

11 Value Chain Analysis

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 Alstom
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
    • 14.3.1.3 Financials
    • 14.3.1.4 SWOT Analysis
  • 14.3.2 Eaton Corporation PLC
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
    • 14.3.2.3 Financials
    • 14.3.2.4 SWOT Analysis
  • 14.3.3 GE Grid Solutions (General Electric)
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
  • 14.3.4 Hitachi Energy Ltd
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
  • 14.3.5 Mitsubishi Electric Corporation
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
    • 14.3.5.3 Financials
    • 14.3.5.4 SWOT Analysis
  • 14.3.6 NR Electric Co., Ltd. (Nari Technology Co., Ltd.)
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
  • 14.3.7 Siemens Energy
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
    • 14.3.7.3 Financials
  • 14.3.8 Toshiba Energy Systems & Solutions Corporation (Toshiba Corp.)
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.