Flexible AC Transmission System (FACTS) Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032
Description
Persistence Market Research has recently released a comprehensive report on the worldwide market for Flexible AC Transmission Systems (FACTS). The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.
Key Insights:
Flexible AC Transmission System (FACTS) Market Size (2025E): USD 1453.1 Million
Projected Market Value (2032F): USD 2142.0 Million
Global Market Growth Rate (CAGR 2025 to 2032): 5.7%
Flexible AC Transmission System (FACTS) Market - Report Scope:
Flexible AC Transmission Systems (FACTS) are advanced power electronics-based devices designed to improve the controllability, reliability, and efficiency of power transmission networks. These systems manage reactive power, enhance power transfer capacity, stabilize voltage, and reduce transmission losses in electrical grids. The FACTS market supports a wide range of applications, including utility-scale energy transmission, renewable energy integration, and grid modernization initiatives. Market growth is driven by increasing demand for reliable electricity, rapid grid infrastructure upgrades, and the integration of variable energy sources such as wind and solar, which require dynamic and flexible power control systems to ensure grid stability and resilience.
Market Growth Drivers:
The global FACTS market is propelled by several key factors, including the escalating global demand for electricity, aging transmission infrastructure, and increasing complexity of power networks due to the adoption of renewable energy. FACTS devices enable utilities to enhance grid stability without constructing new transmission lines, thereby minimizing environmental impact and capital expenditures. Technological advancements in power semiconductors, such as IGBT and IGCT modules, have further improved the efficiency and responsiveness of FACTS technologies. Government initiatives and investments aimed at building smart grids and achieving energy transition goals also serve as strong growth catalysts for the market.
Market Restraints:
Despite promising growth prospects, the FACTS market faces challenges related to high installation and maintenance costs, especially in price-sensitive regions. Integrating FACTS into existing grids often requires comprehensive system analysis, engineering design, and skilled technical personnel, which can delay implementation. Moreover, utilities in developing economies may hesitate to adopt these advanced systems due to budget constraints and lack of awareness. Additionally, regulatory and policy uncertainties in several regions regarding transmission system upgrades and investment incentives may hinder market expansion. Addressing these constraints requires collaborative efforts among utilities, policymakers, and technology providers.
Market Opportunities:
The FACTS market presents significant growth opportunities driven by the increasing adoption of smart grid technologies, digital substations, and distributed energy resources. As countries aim to decarbonize their power systems and boost renewable energy deployment, the need for flexible transmission solutions like FACTS becomes critical. Emerging markets in Asia-Pacific, Africa, and Latin America offer untapped potential due to ongoing electrification efforts and grid expansion projects. Moreover, advancements in modular, scalable, and hybrid FACTS configurations are expected to lower costs and ease integration challenges. Strategic collaborations and investments in R\&D will be essential to capitalize on these emerging opportunities and enhance competitiveness in the evolving energy landscape.
Key Questions Answered in the Report:
What are the primary factors driving the growth of the FACTS market globally?
Which FACTS technologies and applications are shaping the future of grid stability and efficiency?
How are technological advancements influencing the competitive dynamics of the FACTS market?
Who are the key players contributing to the FACTS market, and what strategies are they employing to strengthen market positioning?
What are the emerging trends and future prospects in the global FACTS market?
Competitive Intelligence and Business Strategy:
These companies are developing a wide range of FACTS devices, including STATCOMs, SVCs, TCSCs, and UPFCs, designed to address various voltage and power flow challenges in transmission networks. Strategic partnerships with utilities and grid operators, investments in digital technologies and AI-based control systems, and service-based business models are key strategies for market expansion. Emphasis on turnkey project delivery, system integration expertise, and lifecycle service offerings further enhances their competitiveness in the global market.
Key Companies Profiled:
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
Flexible AC Transmission System (FACTS) Market Research Segmentation:
Compensation Type:
Shunt
Series
Combined
Generation Type:
Second
First
Application:
Voltage Control
End-Use:
Power Control
Utilities
Renewables
Industrial
Railways
Please Note: It will take 5 business days to complete the report upon order confirmation.
Key Insights:
Flexible AC Transmission System (FACTS) Market Size (2025E): USD 1453.1 Million
Projected Market Value (2032F): USD 2142.0 Million
Global Market Growth Rate (CAGR 2025 to 2032): 5.7%
Flexible AC Transmission System (FACTS) Market - Report Scope:
Flexible AC Transmission Systems (FACTS) are advanced power electronics-based devices designed to improve the controllability, reliability, and efficiency of power transmission networks. These systems manage reactive power, enhance power transfer capacity, stabilize voltage, and reduce transmission losses in electrical grids. The FACTS market supports a wide range of applications, including utility-scale energy transmission, renewable energy integration, and grid modernization initiatives. Market growth is driven by increasing demand for reliable electricity, rapid grid infrastructure upgrades, and the integration of variable energy sources such as wind and solar, which require dynamic and flexible power control systems to ensure grid stability and resilience.
Market Growth Drivers:
The global FACTS market is propelled by several key factors, including the escalating global demand for electricity, aging transmission infrastructure, and increasing complexity of power networks due to the adoption of renewable energy. FACTS devices enable utilities to enhance grid stability without constructing new transmission lines, thereby minimizing environmental impact and capital expenditures. Technological advancements in power semiconductors, such as IGBT and IGCT modules, have further improved the efficiency and responsiveness of FACTS technologies. Government initiatives and investments aimed at building smart grids and achieving energy transition goals also serve as strong growth catalysts for the market.
Market Restraints:
Despite promising growth prospects, the FACTS market faces challenges related to high installation and maintenance costs, especially in price-sensitive regions. Integrating FACTS into existing grids often requires comprehensive system analysis, engineering design, and skilled technical personnel, which can delay implementation. Moreover, utilities in developing economies may hesitate to adopt these advanced systems due to budget constraints and lack of awareness. Additionally, regulatory and policy uncertainties in several regions regarding transmission system upgrades and investment incentives may hinder market expansion. Addressing these constraints requires collaborative efforts among utilities, policymakers, and technology providers.
Market Opportunities:
The FACTS market presents significant growth opportunities driven by the increasing adoption of smart grid technologies, digital substations, and distributed energy resources. As countries aim to decarbonize their power systems and boost renewable energy deployment, the need for flexible transmission solutions like FACTS becomes critical. Emerging markets in Asia-Pacific, Africa, and Latin America offer untapped potential due to ongoing electrification efforts and grid expansion projects. Moreover, advancements in modular, scalable, and hybrid FACTS configurations are expected to lower costs and ease integration challenges. Strategic collaborations and investments in R\&D will be essential to capitalize on these emerging opportunities and enhance competitiveness in the evolving energy landscape.
Key Questions Answered in the Report:
What are the primary factors driving the growth of the FACTS market globally?
Which FACTS technologies and applications are shaping the future of grid stability and efficiency?
How are technological advancements influencing the competitive dynamics of the FACTS market?
Who are the key players contributing to the FACTS market, and what strategies are they employing to strengthen market positioning?
What are the emerging trends and future prospects in the global FACTS market?
Competitive Intelligence and Business Strategy:
These companies are developing a wide range of FACTS devices, including STATCOMs, SVCs, TCSCs, and UPFCs, designed to address various voltage and power flow challenges in transmission networks. Strategic partnerships with utilities and grid operators, investments in digital technologies and AI-based control systems, and service-based business models are key strategies for market expansion. Emphasis on turnkey project delivery, system integration expertise, and lifecycle service offerings further enhances their competitiveness in the global market.
Key Companies Profiled:
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
Flexible AC Transmission System (FACTS) Market Research Segmentation:
Compensation Type:
Shunt
Series
Combined
Generation Type:
Second
First
Application:
Voltage Control
End-Use:
Power Control
Utilities
Renewables
Industrial
Railways
Please Note: It will take 5 business days to complete the report upon order confirmation.
Table of Contents
250 Pages
- 1. Executive Summary
- 1.1. Global Flexible AC Transmission System (FACTS) Market Snapshot 2025 and 2032
- 1.2. Market Opportunity Assessment, 2025-2032, US$ Mn
- 1.3. Key Market Trends
- 1.4. Industry Developments and Key Market Events
- 1.5. Demand Side and Supply Side Analysis
- 1.6. PMR Analysis and Recommendations
- 2. Market Overview
- 2.1. Market Scope and Definitions
- 2.2. Value Chain Analysis
- 2.3. Macro-Economic Factors
- 2.3.1. Global GDP Outlook
- 2.3.2. Global Construction Industry Overview
- 2.3.3. Global Mining Industry Overview
- 2.4. Forecast Factors – Relevance and Impact
- 2.5. COVID-19 Impact Assessment
- 2.6. PESTLE Analysis
- 2.7. Porter's Five Forces Analysis
- 2.8. Geopolitical Tensions: Market Impact
- 2.9. Regulatory and Technology Landscape
- 3. Market Dynamics
- 3.1. Drivers
- 3.2. Restraints
- 3.3. Opportunities
- 3.4. Trends
- 4. Price Trend Analysis, 2019-2032
- 4.1. Region-wise Price Analysis
- 4.2. Price by Segments
- 4.3. Price Impact Factors
- 5. Global Flexible AC Transmission System (FACTS) Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 5.1. Key Highlights
- 5.2. Global Flexible AC Transmission System (FACTS) Market Outlook: Compensation Type
- 5.2.1. Introduction/Key Findings
- 5.2.2. Historical Market Size (US$ Mn) Analysis by Compensation Type, 2019-2024
- 5.2.3. Current Market Size (US$ Mn) Forecast, by Compensation Type, 2025-2032
- 5.2.3.1. Shunt
- 5.2.3.2. Series
- 5.2.3.3. Combined
- 5.2.4. Market Attractiveness Analysis: Compensation Type
- 5.3. Global Flexible AC Transmission System (FACTS) Market Outlook: Generation Type
- 5.3.1. Introduction/Key Findings
- 5.3.2. Historical Market Size (US$ Mn) Analysis by Generation Type, 2019-2024
- 5.3.3. Current Market Size (US$ Mn) Forecast, by Generation Type, 2025-2032
- 5.3.3.1. Second
- 5.3.3.2. First
- 5.3.4. Market Attractiveness Analysis: Generation Type
- 5.4. Global Flexible AC Transmission System (FACTS) Market Outlook: Application
- 5.4.1. Introduction/Key Findings
- 5.4.2. Historical Market Size (US$ Mn) Analysis by Application, 2019-2024
- 5.4.3. Current Market Size (US$ Mn) Forecast, by Application, 2025-2032
- 5.4.3.1. Voltage Control
- 5.4.4. Market Attractiveness Analysis: Application
- 5.5. Global Flexible AC Transmission System (FACTS) Market Outlook: End-Use
- 5.5.1. Introduction/Key Findings
- 5.5.2. Historical Market Size (US$ Mn) Analysis by End-Use, 2019-2024
- 5.5.3. Current Market Size (US$ Mn) Forecast, by End-Use, 2025-2032
- 5.5.3.1. Power Control
- 5.5.3.2. Utilities
- 5.5.3.3. Renewables
- 5.5.3.4. Industrial
- 5.5.3.5. Railways
- 5.5.4. Market Attractiveness Analysis: End-Use
- 6. Global Flexible AC Transmission System (FACTS) Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Mn) Analysis by Region, 2019-2024
- 6.3. Current Market Size (US$ Mn) Forecast, by Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia & Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
- 6.4. Market Attractiveness Analysis: Region
- 7. North America Flexible AC Transmission System (FACTS) Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. North America Market Size (US$ Mn) Forecast, by Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
- 7.4. North America Market Size (US$ Mn) Forecast, by Compensation Type, 2025-2032
- 7.4.1. Shunt
- 7.4.2. Series
- 7.4.3. Combined
- 7.5. North America Market Size (US$ Mn) Forecast, by Generation Type, 2025-2032
- 7.5.1. Second
- 7.5.2. First
- 7.6. North America Market Size (US$ Mn) Forecast, by Application, 2025-2032
- 7.6.1. Voltage Control
- 7.7. North America Market Size (US$ Mn) Forecast, by End-Use, 2025-2032
- 7.7.1. Power Control
- 7.7.2. Utilities
- 7.7.3. Renewables
- 7.7.4. Industrial
- 7.7.5. Railways
- 8. Europe Flexible AC Transmission System (FACTS) Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Europe Market Size (US$ Mn) Forecast, by Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. Italy
- 8.3.3. France
- 8.3.4. U.K.
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
- 8.4. Europe Market Size (US$ Mn) Forecast, by Compensation Type, 2025-2032
- 8.4.1. Shunt
- 8.4.2. Series
- 8.4.3. Combined
- 8.5. Europe Market Size (US$ Mn) Forecast, by Generation Type, 2025-2032
- 8.5.1. Second
- 8.5.2. First
- 8.6. Europe Market Size (US$ Mn) Forecast, by Application, 2025-2032
- 8.6.1. Voltage Control
- 8.7. Europe Market Size (US$ Mn) Forecast, by End-Use, 2025-2032
- 8.7.1. Power Control
- 8.7.2. Utilities
- 8.7.3. Renewables
- 8.7.4. Industrial
- 8.7.5. Railways
- 9. East Asia Flexible AC Transmission System (FACTS) Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. East Asia Market Size (US$ Mn) Forecast, by Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
- 9.4. East Asia Market Size (US$ Mn) Forecast, by Compensation Type, 2025-2032
- 9.4.1. Shunt
- 9.4.2. Series
- 9.4.3. Combined
- 9.5. East Asia Market Size (US$ Mn) Forecast, by Generation Type, 2025-2032
- 9.5.1. Second
- 9.5.2. First
- 9.6. East Asia Market Size (US$ Mn) Forecast, by Application, 2025-2032
- 9.6.1. Voltage Control
- 9.7. East Asia Market Size (US$ Mn) Forecast, by End-Use, 2025-2032
- 9.7.1. Power Control
- 9.7.2. Utilities
- 9.7.3. Renewables
- 9.7.4. Industrial
- 9.7.5. Railways
- 10. South Asia & Oceania Flexible AC Transmission System (FACTS) Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. South Asia & Oceania Market Size (US$ Mn) Forecast, by Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of SAO
- 10.4. South Asia & Oceania Market Size (US$ Mn) Forecast, by Compensation Type, 2025-2032
- 10.4.1. Shunt
- 10.4.2. Series
- 10.4.3. Combined
- 10.5. South Asia & Oceania Market Size (US$ Mn) Forecast, by Generation Type, 2025-2032
- 10.5.1. Second
- 10.5.2. First
- 10.6. South Asia & Oceania Market Size (US$ Mn) Forecast, by Application, 2025-2032
- 10.6.1. Voltage Control
- 10.7. South Asia & Oceania Market Size (US$ Mn) Forecast, by End-Use, 2025-2032
- 10.7.1. Power Control
- 10.7.2. Utilities
- 10.7.3. Renewables
- 10.7.4. Industrial
- 10.7.5. Railways
- 11. Latin America Flexible AC Transmission System (FACTS) Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Latin America Market Size (US$ Mn) Forecast, by Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of LATAM
- 11.4. Latin America Market Size (US$ Mn) Forecast, by Compensation Type, 2025-2032
- 11.4.1. Shunt
- 11.4.2. Series
- 11.4.3. Combined
- 11.5. Latin America Market Size (US$ Mn) Forecast, by Generation Type, 2025-2032
- 11.5.1. Second
- 11.5.2. First
- 11.6. Latin America Market Size (US$ Mn) Forecast, by Application, 2025-2032
- 11.6.1. Voltage Control
- 11.7. Latin America Market Size (US$ Mn) Forecast, by End-Use, 2025-2032
- 11.7.1. Power Control
- 11.7.2. Utilities
- 11.7.3. Renewables
- 11.7.4. Industrial
- 11.7.5. Railways
- 12. Middle East & Africa Flexible AC Transmission System (FACTS) Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 12.1. Key Highlights
- 12.2. Pricing Analysis
- 12.3. Middle East & Africa Market Size (US$ Mn) Forecast, by Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of MEA
- 12.4. Middle East & Africa Market Size (US$ Mn) Forecast, by Compensation Type, 2025-2032
- 12.4.1. Shunt
- 12.4.2. Series
- 12.4.3. Combined
- 12.5. Middle East & Africa Market Size (US$ Mn) Forecast, by Generation Type, 2025-2032
- 12.5.1. Second
- 12.5.2. First
- 12.6. Middle East & Africa Market Size (US$ Mn) Forecast, by Application, 2025-2032
- 12.6.1. Voltage Control
- 12.7. Middle East & Africa Market Size (US$ Mn) Forecast, by End-Use, 2025-2032
- 12.7.1. Power Control
- 12.7.2. Utilities
- 12.7.3. Renewables
- 12.7.4. Industrial
- 12.7.5. Railways
- 13. Competition Landscape
- 13.1. Market Share Analysis, 2025
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
- 13.3. Company Profiles
- 13.3.1. Microsoft Corporation;
- 13.3.1.1. Company Overview
- 13.3.1.2. Product Portfolio/Offerings
- 13.3.1.3. Key Financials
- 13.3.1.4. SWOT Analysis
- 13.3.1.5. Company Strategy and Key Developments
- 13.3.2. Siemens AG;
- 13.3.3. Bharat Heavy Electricals Ltd.;
- 13.3.4. S&C Electric
- 13.3.5. American Superconductor Corporation
- 13.3.6. GE Grid Solution
- 13.3.7. NR Electric Co., Ltd
- 13.3.8. American Electric Power Co., Inc.
- 14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations
Pricing
Currency Rates
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