Global Flexible AC Transmission Systems Market, 2025-2033

Publisher PreciseView Reports

Published Oct 11, 2025

Length 366 Pages

SKU # PCSR20630878

Description

Global Flexible AC Transmission Systems Market, valued at USD 1.3 billion in 2024, is poised to advance to USD 2.5 billion by 2033, demonstrating a robust CAGR of 7.5% across the 2025-2033 horizon. This trajectory is energized by escalating renewable energy integration with global wind and solar capacity exceeding 2 TW annually, burgeoning smart grid modernization investments, and strides in thyristor-based technologies growing at 8% CAGR for enhanced transient stability and transmission efficiency. Acceleration has marked the sector since 2021, propelled by global energy transition efforts and a 14% surge in FACTS device sales driven by Europe's grid modernization demands. Pivotal patterns spotlight STATCOM's dominance for dynamic voltage response in renewable applications, power electronics devices anchoring core functionality, and utilities end-use commanding grid-scale deployments, with high-voltage systems emerging for cross-border energy trade. Viable gateways include Asia Pacific's infrastructure expansion, notably India's affordable SVC calls for utility scaling, Europe's green energy policies fueling Germany-led grid upgrades, and North American smart grid and AI integration trends for industrial efficiency. Yet, headwinds persist with hefty capital investment burdens curbing Latin American uptake, technical integration complexities impacting industrial deployment, and regulatory approval delays complicating railways and cross-regional projects. Asia Pacific grips over 40% dominion, anchored by China's massive renewable targets and transmission investments, while Europe charges ahead at 8.5% CAGR, invigorated by green policies and grid modernization pipelines.

Tailored breakdowns unlock targeted plays across device types, components, voltage levels, applications, end-use industries, and terrains. Device types crown STATCOM for responsiveness, components lean power electronics for functionality, voltage levels bet on high voltage for transmission scale, applications spotlight voltage control for stability demands, and end-use industries emphasize utilities for grid modernization, with locale-specific edges – Asia Pacific for expanse, Europe for velocity, and North America for innovation harmony.

Market Segmentation:

By Device Type:

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

By Component:

Power Electronics Devices
Thyristors
Reactors & Capacitors
Control Systems
Others

By Voltage Level:

Low Voltage
Medium Voltage
High Voltage

By Application:

Voltage Control
Power Flow Control
Transient Stability
Congestion Management
Others

By End-Use Industry:

Utilities
Renewable Energy
Industrial
Railways
Others

By Region:

North America (United States, Canada, Others)
Europe (United Kingdom, Germany, France, Italy, Spain, Others)
Asia Pacific (China, Japan, India, South Korea, Australia, Others)
Latin America (Brazil, Others)
Middle East & Africa (United Arab Emirates, Others)

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Research Objective
MARKET SEGMENTATION: Scope of the Study; Key Questions Answered in the Report
Chapter 1 Research Methodology: 1.1 Research Objective; 1.2 Market Research Process; 1.2.1 Data Procurement and Data Mining; 1.2.2 Data Analysis and Standardization; 1.2.3 Data Processing and Market Formulation; 1.2.4 Data Validation; 1.3 Market Research Approach; 1.3.1 Residential Research; 1.3.2 Commercial Research; 1.3.3 Assumptions & Limitations; 1.4 Year Considered for the Study
Chapter 2 Executive Summary: 2.1 Global Flexible AC Transmission Systems Market Snapshot; 2.2 Global Flexible AC Transmission Systems Market
Chapter 3 Market Variables and Scope: 3.1 Introduction to Flexible AC Transmission Systems; 3.2 Classification and Scope
Chapter 4 Market Dynamics and Trends: 4.1 Global Flexible AC Transmission Systems Market Dynamics; 4.2 Global Flexible AC Transmission Systems Market Dynamics, Impact Analysis; 4.3 Market Drivers; 4.3.1 Driver 1; 4.3.2 Driver 2; 4.4 Market Restraints; 4.4.1 Restraint 1; 4.4.2 Restraint 2; 4.5 Market Opportunity; 4.5.1 Opportunity 1; 4.5.2 Opportunity 2
Chapter 5 Premium Insights: 5.1 Porter’s Five Forces Analysis; 5.1.1 Bargaining Power of Suppliers; 5.1.2 Bargaining Power of Buyers; 5.1.3 Threat of Substitute Types; 5.1.4 Rivalry among Existing Firms; 5.1.5 Threat of New Entrants; 5.2 Supply Chain Analysis; 5.3 Market Share Analysis of Key Players, 2024; 5.4 Market Entry Strategy Assessment; 5.5 Strategic Recommendation for Stakeholders
Chapter 6 Global Flexible AC Transmission Systems Market, By Device Type: 6.1 Global Flexible AC Transmission Systems Market, By Device Type, 2025 - 2033; 6.2 Open-Loop; 6.3 Closed-Loop
Chapter 7 Global Flexible AC Transmission Systems Market, By Component: 7.1 Global Flexible AC Transmission Systems Market, By Component, 2025 - 2033; 7.2 Power Electronics Devices; 7.3 Thyristors; 7.4 Reactors & Capacitors; 7.5 Control Systems; 7.6 Others
Chapter 8 Global Flexible AC Transmission Systems Market, By Voltage Level: 8.1 Global Flexible AC Transmission Systems Market, By Voltage Level, 2025 - 2033; 8.2 Low Voltage; 8.3 Medium Voltage; 8.4 High Voltage
Chapter 9 Global Flexible AC Transmission Systems Market, By Application: 9.1 Global Flexible AC Transmission Systems Market, By Application, 2025 - 2033; 9.2 Voltage Control; 9.3 Power Flow Control; 9.4 Transient Stability; 9.5 Congestion Management; 9.6 Others
Chapter 10 Global Flexible AC Transmission Systems Market, By End-Use Industry: 10.1 Global Flexible AC Transmission Systems Market, By End-Use Industry, 2025 - 2033; 10.2 Utilities; 10.3 Renewable Energy; 10.4 Industrial; 10.5 Railways; 10.6 Others
Chapter 11 Global Flexible AC Transmission Systems Market, By Region: 11.1 Overview; 11.2 North America; 11.2.1 North America Flexible AC Transmission Systems Market, By Country; 11.2.2 North America Flexible AC Transmission Systems Market, By Device Type; 11.2.3 North America Flexible AC Transmission Systems Market, By Component; 11.2.4 North America Flexible AC Transmission Systems Market, By Voltage Level; 11.2.5 North America Flexible AC Transmission Systems Market, By Application; 11.2.6 North America Flexible AC Transmission Systems Market, By End-Use Industry; 11.2.7 United States; 11.2.7.1 United States Flexible AC Transmission Systems Market, By Device Type; 11.2.7.2 United States Flexible AC Transmission Systems Market, By Component; 11.2.7.3 United States Flexible AC Transmission Systems Market, By Voltage Level; 11.2.7.4 United States Flexible AC Transmission Systems Market, By Application; 11.2.7.5 United States Flexible AC Transmission Systems Market, By End-Use Industry; 11.2.8 Canada; 11.2.8.1 Canada Flexible AC Transmission Systems Market, By Device Type; 11.2.8.2 Canada Flexible AC Transmission Systems Market, By Component; 11.2.8.3 Canada Flexible AC Transmission Systems Market, By Voltage Level; 11.2.8.4 Canada Flexible AC Transmission Systems Market, By Application; 11.2.8.5 Canada Flexible AC Transmission Systems Market, By End-Use Industry; 11.2.9 Others; 11.2.9.1 Others Flexible AC Transmission Systems Market, By Device Type; 11.2.9.2 Others Flexible AC Transmission Systems Market, By Component; 11.2.9.3 Others Flexible AC Transmission Systems Market, By Voltage Level; 11.2.9.4 Others Flexible AC Transmission Systems Market, By Application; 11.2.9.5 Others Flexible AC Transmission Systems Market, By End-Use Industry; 11.3 Europe; 11.3.1 Europe Flexible AC Transmission Systems Market, By Country; 11.3.2 Europe Flexible AC Transmission Systems Market, By Device Type; 11.3.3 Europe Flexible AC Transmission Systems Market, By Component; 11.3.4 Europe Flexible AC Transmission Systems Market, By Voltage Level; 11.3.5 Europe Flexible AC Transmission Systems Market, By Application; 11.3.6 Europe Flexible AC Transmission Systems Market, By End-Use Industry; 11.3.7 United Kingdom; 11.3.7.1 United Kingdom Flexible AC Transmission Systems Market, By Device Type; 11.3.7.2 United Kingdom Flexible AC Transmission Systems Market, By Component; 11.3.7.3 United Kingdom Flexible AC Transmission Systems Market, By Voltage Level; 11.3.7.4 United Kingdom Flexible AC Transmission Systems Market, By Application; 11.3.7.5 United Kingdom Flexible AC Transmission Systems Market, By End-Use Industry; 11.3.8 Germany; 11.3.8.1 Germany Flexible AC Transmission Systems Market, By Device Type; 11.3.8.2 Germany Flexible AC Transmission Systems Market, By Component; 11.3.8.3 Germany Flexible AC Transmission Systems Market, By Voltage Level; 11.3.8.4 Germany Flexible AC Transmission Systems Market, By Application; 11.3.8.5 Germany Flexible AC Transmission Systems Market, By End-Use Industry; 11.3.9 France; 11.3.9.1 France Flexible AC Transmission Systems Market, By Device Type; 11.3.9.2 France Flexible AC Transmission Systems Market, By Component; 11.3.9.3 France Flexible AC Transmission Systems Market, By Voltage Level; 11.3.9.4 France Flexible AC Transmission Systems Market, By Application; 11.3.9.5 France Flexible AC Transmission Systems Market, By End-Use Industry; 11.3.10 Italy; 11.3.10.1 Italy Flexible AC Transmission Systems Market, By Device Type; 11.3.10.2 Italy Flexible AC Transmission Systems Market, By Component; 11.3.10.3 Italy Flexible AC Transmission Systems Market, By Voltage Level; 11.3.10.4 Italy Flexible AC Transmission Systems Market, By Application; 11.3.10.5 Italy Flexible AC Transmission Systems Market, By End-Use Industry; 11.3.11 Spain; 11.3.11.1 Spain Flexible AC Transmission Systems Market, By Device Type; 11.3.11.2 Spain Flexible AC Transmission Systems Market, By Component; 11.3.11.3 Spain Flexible AC Transmission Systems Market, By Voltage Level; 11.3.11.4 Spain Flexible AC Transmission Systems Market, By Application; 11.3.11.5 Spain Flexible AC Transmission Systems Market, By End-Use Industry; 11.3.12 Others; 11.3.12.1 Others Flexible AC Transmission Systems Market, By Device Type; 11.3.12.2 Others Flexible AC Transmission Systems Market, By Component; 11.3.12.3 Others Flexible AC Transmission Systems Market, By Voltage Level; 11.3.12.4 Others Flexible AC Transmission Systems Market, By Application; 11.3.12.5 Others Flexible AC Transmission Systems Market, By End-Use Industry; 11.4 Asia Pacific; 11.4.1 Asia Pacific Flexible AC Transmission Systems Market, By Country; 11.4.2 Asia Pacific Flexible AC Transmission Systems Market, By Device Type; 11.4.3 Asia Pacific Flexible AC Transmission Systems Market, By Component; 11.4.4 Asia Pacific Flexible AC Transmission Systems Market, By Voltage Level; 11.4.5 Asia Pacific Flexible AC Transmission Systems Market, By Application; 11.4.6 Asia Pacific Flexible AC Transmission Systems Market, By End-Use Industry; 11.4.7 China; 11.4.7.1 China Flexible AC Transmission Systems Market, By Device Type; 11.4.7.2 China Flexible AC Transmission Systems Market, By Component; 11.4.7.3 China Flexible AC Transmission Systems Market, By Voltage Level; 11.4.7.4 China Flexible AC Transmission Systems Market, By Application; 11.4.7.5 China Flexible AC Transmission Systems Market, By End-Use Industry; 11.4.8 Japan; 11.4.8.1 Japan Flexible AC Transmission Systems Market, By Device Type; 11.4.8.2 Japan Flexible AC Transmission Systems Market, By Component; 11.4.8.3 Japan Flexible AC Transmission Systems Market, By Voltage Level; 11.4.8.4 Japan Flexible AC Transmission Systems Market, By Application; 11.4.8.5 Japan Flexible AC Transmission Systems Market, By End-Use Industry; 11.4.9 India; 11.4.9.1 India Flexible AC Transmission Systems Market, By Device Type; 11.4.9.2 India Flexible AC Transmission Systems Market, By Component; 11.4.9.3 India Flexible AC Transmission Systems Market, By Voltage Level; 11.4.9.4 India Flexible AC Transmission Systems Market, By Application; 11.4.9.5 India Flexible AC Transmission Systems Market, By End-Use Industry; 11.4.10 South Korea; 11.4.10.1 South Korea Flexible AC Transmission Systems Market, By Device Type; 11.4.10.2 South Korea Flexible AC Transmission Systems Market, By Component; 11.4.10.3 South Korea Flexible AC Transmission Systems Market, By Voltage Level; 11.4.10.4 South Korea Flexible AC Transmission Systems Market, By Application; 11.4.10.5 South Korea Flexible AC Transmission Systems Market, By End-Use Industry; 11.4.11 Australia; 11.4.11.1 Australia Flexible AC Transmission Systems Market, By Device Type; 11.4.11.2 Australia Flexible AC Transmission Systems Market, By Component; 11.4.11.3 Australia Flexible AC Transmission Systems Market, By Voltage Level; 11.4.11.4 Australia Flexible AC Transmission Systems Market, By Application; 11.4.11.5 Australia Flexible AC Transmission Systems Market, By End-Use Industry; 11.4.12 Others; 11.4.12.1 Others Flexible AC Transmission Systems Market, By Device Type; 11.4.12.2 Others Flexible AC Transmission Systems Market, By Component; 11.4.12.3 Others Flexible AC Transmission Systems Market, By Voltage Level; 11.4.12.4 Others Flexible AC Transmission Systems Market, By Application; 11.4.12.5 Others Flexible AC Transmission Systems Market, By End-Use Industry; 11.5 Latin America; 11.5.1 Latin America Flexible AC Transmission Systems Market, By Country; 11.5.2 Latin America Flexible AC Transmission Systems Market, By Device Type; 11.5.3 Latin America Flexible AC Transmission Systems Market, By Component; 11.5.4 Latin America Flexible AC Transmission Systems Market, By Voltage Level; 11.5.5 Latin America Flexible AC Transmission Systems Market, By Application; 11.5.6 Latin America Flexible AC Transmission Systems Market, By End-Use Industry; 11.5.7 Brazil; 11.5.7.1 Brazil Flexible AC Transmission Systems Market, By Device Type; 11.5.7.2 Brazil Flexible AC Transmission Systems Market, By Component; 11.5.7.3 Brazil Flexible AC Transmission Systems Market, By Voltage Level; 11.5.7.4 Brazil Flexible AC Transmission Systems Market, By Application; 11.5.7.5 Brazil Flexible AC Transmission Systems Market, By End-Use Industry; 11.5.8 Others; 11.5.8.1 Others Flexible AC Transmission Systems Market, By Device Type; 11.5.8.2 Others Flexible AC Transmission Systems Market, By Component; 11.5.8.3 Others Flexible AC Transmission Systems Market, By Voltage Level; 11.5.8.4 Others Flexible AC Transmission Systems Market, By Application; 11.5.8.5 Others Flexible AC Transmission Systems Market, By End-Use Industry; 11.6 Middle East and Africa (MEA); 11.6.1 Middle East and Africa (MEA) Flexible AC Transmission Systems Market, By Country; 11.6.2 Middle East and Africa (MEA) Flexible AC Transmission Systems Market, By Device Type; 11.6.3 Middle East and Africa (MEA) Flexible AC Transmission Systems Market, By Component; 11.6.4 Middle East and Africa (MEA) Flexible AC Transmission Systems Market, By Voltage Level; 11.6.5 Middle East and Africa (MEA) Flexible AC Transmission Systems Market, By Application; 11.6.6 Middle East and Africa (MEA) Flexible AC Transmission Systems Market, By End-Use Industry; 11.6.7 United Arab Emirates; 11.6.7.1 United Arab Emirates Flexible AC Transmission Systems Market, By Device Type; 11.6.7.2 United Arab Emirates Flexible AC Transmission Systems Market, By Component; 11.6.7.3 United Arab Emirates Flexible AC Transmission Systems Market, By Voltage Level; 11.6.7.4 United Arab Emirates Flexible AC Transmission Systems Market, By Application; 11.6.7.5 United Arab Emirates Flexible AC Transmission Systems Market, By End-Use Industry; 11.6.8 Others; 11.6.8.1 Others Flexible AC Transmission Systems Market, By Device Type; 11.6.8.2 Others Flexible AC Transmission Systems Market, By Component; 11.6.8.3 Others Flexible AC Transmission Systems Market, By Voltage Level; 11.6.8.4 Others Flexible AC Transmission Systems Market, By Application; 11.6.8.5 Others Flexible AC Transmission Systems Market, By End-Use Industry
Chapter 12 Competitive Landscape: 12.1 Strategic Move Analysis; 12.1.1 Top Player Positioning/Market Share Analysis; 12.1.2 Top Winning Strategies, By Year, 2021-2024; 12.1.3 Competitive Analysis by Revenue, 2022-2024; 12.2 Recent Developments by the Market Participants (2024-25)
Chapter 13 Company Profiles: 13.1 ABB Ltd.; 13.1.1 Company Snapshot; 13.1.2 Company Overview; 13.1.3 Financial Performance; 13.1.4 Product Portfolio; 13.1.5 Strategic Growth; 13.2 Siemens Energy AG; 13.2.1 Company Snapshot; 13.2.2 Company Overview; 13.2.3 Financial Performance; 13.2.4 Product Portfolio; 13.2.5 Strategic Growth; 13.3 General Electric Company; 13.3.1 Company Snapshot; 13.3.2 Company Overview; 13.3.3 Financial Performance; 13.3.4 Product Portfolio; 13.3.5 Strategic Growth; 13.4 Mitsubishi Electric Corporation; 13.4.1 Company Snapshot; 13.4.2 Company Overview; 13.4.3 Financial Performance; 13.4.4 Product Portfolio; 13.4.5 Strategic Growth; 13.5 NR Electric Co. Ltd.; 13.5.1 Company Snapshot; 13.5.2 Company Overview; 13.5.3 Financial Performance; 13.5.4 Product Portfolio; 13.5.5 Strategic Growth; 13.6 Hyosung Heavy Industries Corporation; 13.6.1 Company Snapshot; 13.6.2 Company Overview; 13.6.3 Financial Performance; 13.6.4 Product Portfolio; 13.6.5 Strategic Growth; 13.7 AMSC (American Superconductor Corporation); 13.7.1 Company Snapshot; 13.7.2 Company Overview; 13.7.3 Financial Performance; 13.7.4 Product Portfolio; 13.7.5 Strategic Growth; 13.8 Rongxin Power Engineering; 13.8.1 Company Snapshot; 13.8.2 Company Overview; 13.8.3 Financial Performance; 13.8.4 Product Portfolio; 13.8.5 Strategic Growth; 13.9 RXPE (Rongxin Power Electronic Co. Ltd.); 13.9.1 Company Snapshot; 13.9.2 Company Overview; 13.9.3 Financial Performance; 13.9.4 Product Portfolio; 13.9.5 Strategic Growth; 13.10 Ingeteam S.A.; 13.10.1 Company Snapshot; 13.10.2 Company Overview; 13.10.3 Financial Performance; 13.10.4 Product Portfolio; 13.10.5 Strategic Growth; 13.11 Eaton Corporation plc; 13.11.1 Company Snapshot; 13.11.2 Company Overview; 13.11.3 Financial Performance; 13.11.4 Product Portfolio; 13.11.5 Strategic Growth; 13.12 Toshiba Energy Systems & Solutions Corporation; 13.12.1 Company Snapshot; 13.12.2 Company Overview; 13.12.3 Financial Performance; 13.12.4 Product Portfolio; 13.12.5 Strategic Growth; 13.13 Hitachi Energy Ltd.; 13.13.1 Company Snapshot; 13.13.2 Company Overview; 13.13.3 Financial Performance; 13.13.4 Product Portfolio; 13.13.5 Strategic Growth; 13.14 Bharat Heavy Electricals Limited (BHEL); 13.14.1 Company Snapshot; 13.14.2 Company Overview; 13.14.3 Financial Performance; 13.14.4 Product Portfolio; 13.14.5 Strategic Growth; 13.15 Adani Power Ltd.; 13.15.1 Company Snapshot; 13.15.2 Company Overview; 13.15.3 Financial Performance; 13.15.4 Product Portfolio; 13.15.5 Strategic Growth

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