한글목차

세계 유연송전시스템(FACTS) 시장의 미래는 유틸리티, 재생에너지, 산업, 철도 시장에서 기회로 인해 유망한 것으로 전망되고 있습니다. 세계 유연송전시스템 시장은 2025-2031년 7.9%의 연평균 복합 성장률(CAGR)로 2031년까지 약 30억 달러에 달할 것으로 예상됩니다. 이 시장의 주요 촉진요인은 송전선로 확장, 전압 조정용 STATCOM 장비에 대한 수요 증가, 재생 에너지의 전력망 통합 확대입니다.

• Lucintel의 예측에 따르면 세대별로는 예측 기간 중 2세대가 계속 더 큰 부문을 차지할 것으로 보입니다.
• 최종 용도별로는 유틸리티가 예측 기간 중 가장 큰 부문을 차지할 것으로 보입니다.
• 지역별로는 유럽이 예측 기간 중 가장 규모가 큰 지역으로 남을 것으로 보입니다.

유연송전시스템 시장의 전략적 성장 기회

유연송전시스템 시장은 전 세계에서 효율적이고 안정적인 송전에 대한 수요가 증가함에 따라 큰 성장이 예상됩니다. 재생에너지 통합, 스마트 그리드 개발, 산업 자동화, 전압 조정, 전력 품질 개선 등의 주요 용도는 많은 기회를 제공합니다. 이러한 성장 분야는 지속가능성으로의 전환, 도시화의 진전, 그리드 복원력의 필요성과 같은 세계 에너지 동향과 일치합니다. 전력회사와 산업계가 전력 흐름을 관리하고 송전망의 안정성을 높이기 위한 첨단 솔루션을 찾고 있는 가운데, 유연송전시스템 시장은 에너지 정세를 변화시키는 데 중요한 역할을 할 것으로 보입니다.

• 재생에너지의 통합: 재생에너지의 도입이 증가함에 따라 변동성과 간헐성에 대응하기 위한 효과적인 계통 관리가 필요합니다. 고정식 동기 보상 장비 및 통합 전력 흐름 컨트롤러와 같은 유연송전시스템 기술은 전력 계통의 안정성과 신뢰성을 향상시킵니다. 풍력 및 태양광 에너지를 기존 전력망에 원활하게 통합함으로써 유연송전시스템 솔루션은 전력회사가 자원 활용을 최적화하고 청정 에너지에 대한 규제를 충족하는 데 도움이 됩니다. 각국이 재생 에너지 목표 달성과 탄소 배출량 감축을 목표로 하고 있으므로 이 용도에 많은 투자가 이루어질 것으로 예상됩니다.
• 스마트 그리드 개발: 스마트 그리드의 진화는 전기 시스템을 실시간으로 모니터링하고 제어할 수 있는 유연송전시스템 기술에 대한 수요를 촉진하고 있습니다. 스마트 그리드 인프라에 유연송전시스템을 통합함으로써 전력회사는 운영 효율성을 높이고 변동하는 에너지 수요에 대한 대응력을 향상시킬 수 있습니다. 이러한 성장 기회는 더 나은 부하 관리, 정전 대응력 향상, 소비자 참여 강화를 가능하게 하는 시스템 개발에 초점을 맞추었습니다. 각국 정부가 스마트 그리드 계획에 투자하는 가운데, 유연송전시스템 솔루션의 통합은 신뢰할 수 있고 효율적이며 지속가능한 전력 시스템을 구현하는 데 필수적입니다.
• 산업 자동화: 생산성과 업무 효율성을 높이기 위해 산업계에서는 자동화 시스템 도입이 활발히 진행되고 있습니다. 유연송전시스템 기술은 안정적인 전력 공급과 섬세한 장비에 최적의 전압 레벨을 보장함으로써 산업 자동화를 지원할 수 있습니다. 제조업, 광업, 데이터센터 등의 분야에서 특히 유망한 용도입니다. 이러한 분야에서는 중단 없는 운영을 유지하기 위해 견고한 전력 솔루션이 필요하기 때문입니다. 유연송전시스템 솔루션에 투자함으로써 산업계는 다운타임을 최소화하고 자동화 시스템의 성능을 향상시켜 비용을 크게 절감하고 경쟁력을 향상시킬 수 있습니다.
• 전압 조정: 전압 조정은 전기 시스템의 전력 품질과 신뢰성을 유지하기 위해 매우 중요합니다. 유연송전시스템은 무효 전력을 동적으로 관리하고 전압 변동을 줄임으로써 전압 안정화에 중요한 역할을 합니다. 이 용도는 부하가 변동하는 지역이나 재생에너지 보급률이 높은 지역에서 특히 중요합니다. 전력 회사가 고품질 전력 공급에 대한 압박에 직면함에 따라 전압 제어를 강화하는 유연송전시스템 솔루션에 대한 수요가 증가하여 첨단 송전 기술에 대한 투자를 촉진할 것입니다.
• 전력 품질 개선: 산업계와 소비자가 고감도 전자기기에 대한 의존도가 높아짐에 따라 전력 품질 개선의 필요성이 점점 더 커지고 있습니다. 유연송전시스템 기술은 고조파, 플리커, 전압 강하 등의 문제를 완화하고 안정적이고 깨끗한 전력 공급을 보장할 수 있습니다. 이러한 성장 기회는 특히 전자기기와 재생 에너지원이 집중되어 있는 도시 지역에서 특히 중요합니다. 전력회사는 전력 품질 개선에 집중함으로써 고객 만족도를 높이고, 장비 손상을 줄이며, 규제 표준을 준수할 수 있습니다.

효율적이고 안정적인 전력 전송에 대한 수요 증가에 힘입어 유연송전시스템 시장은 다양한 용도에서 수많은 전략적 성장 기회를 제공합니다. 재생에너지 통합, 스마트 그리드 개발, 산업 자동화, 전압 조정, 전력 품질 개선에 집중함으로써 이해관계자들은 변화하는 에너지 환경을 활용할 수 있습니다. 이러한 성장 분야는 세계 지속가능성 목표에 부합할 뿐만 아니라 현대 전력 시스템이 직면한 시급한 과제에 대응할 수 있습니다.

유연송전시스템 시장 성장 촉진요인 및 과제

유연송전시스템 시장은 기술 발전, 경제 동향, 규제 프레임워크 등 수많은 시장 성장 촉진요인 및 과제에 영향을 받고 있습니다. 재생 에너지원의 통합이 증가하고 효율적인 송전에 대한 수요가 증가함에 따라 유연송전시스템 기술의 채택이 중요해지고 있습니다. 그러나 시장은 높은 초기 비용, 숙련된 인력의 필요성, 진화하는 규제 기준과 같은 문제에 직면해 있습니다. 이러한 역학을 이해하는 것은 이해관계자들이 시장의 복잡성을 극복하고 시장의 잠재력을 최대한 활용하기 위해 필수적입니다.

유연송전시스템 시장을 주도하는 요인은 다음과 같습니다. :

• 재생 에너지의 통합: 재생 에너지로의 전환은 유연송전시스템 시장의 주요 촉진요인입니다. 각국이 탄소 배출량 감축을 위한 야심찬 목표를 설정함에 따라 풍력, 태양광 및 기타 재생 에너지원을 전력망에 통합하는 것이 필수적입니다. 고정형 동기 보상기 및 통합 전력 흐름 컨트롤러와 같은 유연송전시스템 기술은 전력 흐름을 관리하고 전력망의 안정성을 향상시킴으로써 이러한 통합을 촉진할 수 있습니다. 전력회사와 정부가 청정 에너지 솔루션을 우선시함에 따라 유연송전시스템 솔루션에 대한 수요는 크게 증가할 것으로 예상됩니다.
• 전력망 신뢰성과 안정성에 대한 수요 증가: 정전 빈도 및 송전망 불안정성 문제가 증가함에 따라 신뢰할 수 있는 송전 시스템의 필요성이 증가하고 있습니다. 유연송전시스템 기술은 전압 레벨을 동적으로 제어하고 무효 전력을 관리함으로써 전력 회사가 송전망의 신뢰성을 높일 수 있도록 돕습니다. 이 기능은 수요 변동과 재생에너지 변동에도 불구하고 서비스의 연속성을 유지하는 데 매우 중요합니다. 전력 소비가 지속적으로 증가함에 따라 전력회사들은 안정적이고 신뢰할 수 있는 전력 공급을 보장하기 위해 유연송전시스템 솔루션에 대한 투자를 늘릴 것으로 보입니다.
• 기술 발전: 전력 전자 및 제어 기술의 급속한 발전은 유연송전시스템 시장을 발전시키고 있습니다. 디지털 제어, 실시간 모니터링, 예측 분석과 같은 기술 혁신은 유연송전시스템 장비의 성능과 효율성을 향상시킵니다. 이러한 기술 개선은 전력 흐름을 최적화할 뿐만 아니라 계통 장애에 대한 신속한 대응을 가능하게 합니다. 새로운 솔루션이 등장함에 따라 유연송전시스템 기술의 채택은 인프라 현대화를 목표로 하는 전력 회사 및 산업 사업자에게 더욱 매력적으로 다가오고 있습니다.
• 스마트 그리드 구상에 대한 규제 지원: 세계 각국 정부는 스마트 그리드 및 첨단 송전 기술 개발을 촉진하는 정책과 정책을 시행하고 있습니다. 이러한 규제 프레임워크에는 에너지 효율을 개선하고 온실 가스 배출을 줄이기 위한 유연송전시스템 솔루션에 대한 투자에 대한 인센티브가 포함되는 경우가 많습니다. 규제 당국의 지원이 증가함에 따라 전력회사들은 유연송전시스템 기술을 채택하는 경향이 높아져 시장 성장과 기술 혁신을 촉진할 수 있습니다.
• 에너지 수요 증가와 도시화: 도시화와 산업화로 인해 전 세계 에너지 수요는 지속적으로 증가하고 있으며, 이에 따라 송전 능력의 강화가 필요합니다. 유연송전시스템 기술을 통해 전력회사는 증가하는 부하를 효율적으로 관리할 수 있으며, 성장하는 도시 지역의 전기 인프라 확장을 용이하게 할 수 있습니다. 이러한 송전 용량 강화에 대한 수요는 유연송전시스템 솔루션에 대한 투자를 촉진하고 있습니다. 유틸리티 기업은 운영 효율성을 확보하면서 미래의 에너지 수요에 대응하기 위해 노력하고 있습니다.

유연송전시스템 시장이 해결해야 할 과제는 다음과 같습니다. :

• 높은 초기 투자 비용: 유연송전시스템 시장이 직면한 주요 과제 중 하나는 이러한 첨단 기술 도입에 따른 높은 초기 비용입니다. 유연송전시스템 장비 도입에 필요한 자본은 특히 예산 제약이 있는 지역에서는 전력 회사나 기업의 투자 의욕을 떨어뜨릴 수 있습니다. 이러한 재정적 장벽은 장기적인 운영상의 이점에도 불구하고 유연송전시스템 솔루션의 채택을 지연시킬 수 있습니다. 자금 조달 옵션을 해결하고 인센티브를 제공하는 것은 이러한 문제를 완화하는 데 도움이 될 수 있습니다.
• 숙련된 인력 부족: 유연송전시스템 기술의 도입과 유지보수를 위해서는 전문적인 기술과 지식이 필요합니다. 그러나 전력 전자 및 고급 제어 시스템 전문 지식을 갖춘 전문 인력의 부족이 두드러지게 나타나고 있습니다. 이러한 기술 격차는 유연송전시스템 솔루션의 효과적인 구축과 운영을 방해하고, 지연과 비효율성을 초래할 수 있습니다. 이러한 문제를 해결하고 유연송전시스템 기술을 성공적으로 도입하기 위해서는 인력 훈련 및 교육 프로그램에 투자하는 것이 필수적입니다.
• 진화하는 규제 기준: 에너지 송전 및 재생에너지 통합을 둘러싼 규제 환경은 끊임없이 변화하고 있습니다. 이러한 변화는 전력회사와 유연송전시스템 기술에 투자하려는 기업에게 불확실성을 야기할 수 있습니다. 새로운 규제와 컴플라이언스 요건에 대응하기 위해서는 더 많은 자원과 시간이 필요하며, 프로젝트 일정이 지연될 수 있습니다. 규제 변경에 대한 정보를 지속적으로 입수하고 이해관계자와의 협력을 촉진함으로써 이러한 과제를 효과적으로 극복할 수 있습니다.

유연송전시스템 시장은 재생에너지 통합, 기술 발전, 규제 지원으로 인해 큰 성장 기회를 제공합니다. 그러나 지속적인 시장 개발을 위해서는 높은 비용, 인력 부족, 신흥 국가 시장 규제 등의 과제를 해결해야 합니다. 이해관계자들은 이러한 촉진요인과 과제를 이해함으로써 효율적이고 신뢰할 수 있는 송전 솔루션에 대한 수요 증가에 대응할 수 있는 전략을 수립할 수 있습니다.

목차

제1장 개요

제2장 세계의 유연송전시스템 시장 : 시장 역학

• 서론, 배경, 분류
• 공급망
• 업계의 촉진요인과 과제

제3장 시장 동향과 예측 분석(2019-2031년)

• 거시경제 동향(2019-2024년)과 예측(2025-2031년)
• 세계의 유연송전시스템 시장 동향(2019-2024년)과 예측(2025-2031년)
• 세계의 유연송전시스템 시장 : 세대별
  • 제1세대
  • 제2세대
• 세계의 유연송전시스템 시장 : 기능별
  • 전압 제어
  • 네트워크 안정화
  • 송전 용량
  • 고조파 억제
• 세계의 유연송전시스템 시장 : 최종 용도별
  • 유틸리티
  • 재생에너지
  • 산업
  • 철도
  • 기타
• 세계의 유연송전시스템 시장 : 용도별
  • 전압 제어
  • 전력 제어

제4장 지역별 시장 동향과 예측 분석(2019-2031년)

• 세계의 유연송전시스템 시장 : 지역별
• 북미의 유연송전시스템 시장
• 유럽의 유연송전시스템 시장
• 아시아태평양의 유연송전시스템 시장
• 기타 지역의 유연송전시스템 시장

제5장 경쟁 분석

• 제품 포트폴리오 분석
• 운영 통합
• Porter's Five Forces 분석

제6장 성장 기회와 전략 분석

• 성장 기회 분석
  • 세계의 유연송전시스템 시장의 성장 기회 : 세대별
  • 세계의 유연송전시스템 시장의 성장 기회 : 기능별
  • 세계의 유연송전시스템 시장의 성장 기회 : 최종 용도별
  • 세계의 유연송전시스템 시장의 성장 기회 : 용도별
  • 세계의 유연송전시스템 시장의 성장 기회 : 지역별
• 세계의 유연송전시스템 시장의 새로운 동향
• 전략적 분석
  • 신제품 개발
  • 세계의 유연송전시스템 시장의 생산능력 확대
  • 세계의 유연송전시스템 시장에서의 기업인수합병(M&A), 합병사업
  • 인증과 라이선싱

제7장 주요 기업의 개요

• ABB
• Siemens
• Mitsubishi Electric
• Infineon Technologies
• NR Electric
• Hyosung Heavy Industries
• Rongxin Power

영문목차

The future of the global flexible AC transmission system market looks promising with opportunities in the utility, renewable, industrial, and railway markets. The global flexible AC transmission system market is expected to reach an estimated $3 billion by 2031 with a CAGR of 7.9% from 2025 to 2031. The major drivers for this market are an expansion of transmission lines, an increasing need for STATCOM devices to regulate voltage, and an escalating integration of renewable energy into power grids.

• Lucintel forecasts that, within the generation category, the second generation will remain the larger segment over the forecast period.
• Within the end use category, utility will remain the largest segment over the forecast period.
• In terms of regions, Europe will remain the largest region over the forecast period.

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Emerging Trends in the Flexible AC Transmission System Market

The flexible AC transmission system market is experiencing significant growth as power systems evolve to accommodate renewable energy sources, improve grid stability, and enhance overall efficiency. With increasing demand for reliable electricity and the need for modern infrastructure, emerging trends are reshaping how flexible AC transmission system technologies are developed and implemented. These trends reflect advancements in technology, regulatory frameworks, and shifting energy landscapes across the globe. Below are five key trends that are driving the flexible AC transmission system market forward.

• Integration of Renewable Energy Sources: The shift toward renewable energy is a major driver for flexible AC transmission system technologies. As solar and wind power generation increase, flexible AC transmission system devices help manage the variability and intermittency of these sources, ensuring grid stability. Technologies like STATCOMs and UPFCs facilitate the smooth integration of renewables, allowing for better voltage control and reactive power management. This integration is critical for utilities striving to meet renewable energy targets while maintaining a reliable electricity supply, highlighting the flexible AC transmission system's essential role in the energy transition.
• Advancements in Power Electronics: Recent innovations in power electronics have greatly enhanced the efficiency and performance of flexible AC transmission system devices. New materials, such as silicon carbide (SiC) and gallium nitride (GaN), allow for smaller, lighter, and more efficient devices capable of faster response times. These advancements improve control over power flow and voltage stability, making flexible AC transmission system technologies more effective for modern energy systems. As power electronics continue to evolve, they will further drive the capabilities and adoption of flexible AC transmission system solutions.
• Smart Grid Integration: The emergence of smart grid technologies is transforming the flexible AC transmission system landscape. By integrating advanced communication and control systems, flexible AC transmission system devices can operate dynamically, responding in real time to changes in electricity demand and supply. This capability enhances grid resilience and reliability, allowing for optimized power management. Smart grids equipped with flexible AC transmission system solutions offer improved monitoring, predictive maintenance, and efficient resource allocation, thereby enhancing overall grid performance and supporting the transition to a more sustainable energy infrastructure.
• Regulatory Support and Policy Frameworks: Government regulations and policies are increasingly supporting the deployment of flexible AC transmission system technologies as part of broader energy transition strategies. Many countries are implementing frameworks that incentivize investments in advanced transmission solutions to enhance grid reliability and sustainability. These regulations promote the adoption of flexible AC transmission system devices, which are critical for achieving renewable energy goals and improving overall grid resilience. As regulatory support grows, so does the potential for widespread flexible AC transmission system implementation across various energy markets.
• Focus on Grid Resilience: As extreme weather events become more frequent, the focus on grid resilience is intensifying. flexible AC transmission system technologies play a crucial role in enhancing grid robustness by improving voltage stability and managing power quality. Utilities are increasingly investing in flexible AC transmission system solutions to protect infrastructure and ensure continuous electricity supply during disruptions. This trend emphasizes the critical importance of flexible AC transmission systems in maintaining operational reliability and underscores the need for modernized energy systems that can withstand environmental challenges.

The flexible AC transmission system market is poised for significant advancements driven by the integration of renewable energy, innovations in power electronics, and the adoption of smart grid technologies. Regulatory support and an emphasis on grid resilience further contribute to the growth of flexible AC transmission system solutions. These emerging trends reflect the ongoing transformation of energy systems worldwide, highlighting the critical role of flexible AC transmission system technologies in achieving a reliable, efficient, and sustainable energy future.

Recent Developments in the Flexible AC Transmission System Market

The flexible AC transmission system market has seen significant advancements as it adapts to the changing dynamics of the global energy landscape. With the increasing integration of renewable energy sources, the demand for reliable and efficient transmission solutions has surged. Recent developments focus on enhancing grid stability, improving power quality, and optimizing energy distribution. The following are five key developments that highlight the evolution of the flexible AC transmission system market and its role in modernizing power infrastructure.

• Enhanced Power Electronics Technology: Recent innovations in power electronics have significantly improved the efficiency and responsiveness of flexible AC transmission system devices. The introduction of wide-bandgap semiconductors like silicon carbide and gallium nitride has led to more compact, lightweight systems capable of handling higher power levels. These advancements enable faster switching times and better thermal management, enhancing overall system performance and reliability. As power electronics technology continues to evolve, flexible AC transmission system solutions will become more versatile, supporting a wider range of applications.
• Increased Integration of Renewable Energy: The push for renewable energy integration has led to a surge in flexible AC transmission system deployment to manage the intermittency of sources like solar and wind. Technologies such as Static Synchronous Compensators and Unified Power Flow Controllers are increasingly utilized to maintain voltage stability and optimize reactive power flow. This development not only facilitates the connection of renewable energy plants to the grid but also helps utilities meet energy demands efficiently.
• Development of Smart Grid Solutions: The advent of smart grid technologies is reshaping the flexible AC transmission system market by enabling real-time monitoring and control of electrical grids. By integrating flexible AC transmission system devices with advanced communication systems, utilities can achieve dynamic management of power flows, enhancing grid resilience and efficiency. This development allows for improved coordination between generation and consumption, reducing the risk of outages and facilitating better demand response strategies. Smart grids with flexible AC transmission system capabilities will be crucial for future energy systems as they adapt to fluctuating energy demands.
• Government and Regulatory Support: Growing awareness of the need for reliable and efficient energy systems has led to increased regulatory support for flexible AC transmission system technologies. Governments are implementing policies and incentives aimed at promoting the adoption of advanced transmission solutions. These regulations encourage investments in flexible AC transmission system infrastructure, helping to enhance grid reliability and support the integration of renewable energy. As regulatory frameworks evolve, they will play a pivotal role in driving the widespread implementation of flexible AC transmission system technologies across various regions.
• Focus on Grid Resilience and Reliability: In response to the increasing frequency of extreme weather events and other disruptions, there is a heightened focus on grid resilience. Flexible AC transmission system technologies contribute to this goal by improving voltage stability, enhancing power quality, and allowing for better management of electrical flows. Utilities are investing in flexible AC transmission system solutions to ensure continuity of service during adverse conditions, thereby protecting infrastructure and maintaining consumer trust. This emphasis on resilience underscores the critical role of flexible AC transmission systems in modernizing energy systems for enhanced operational reliability.

More resilient energy infrastructures. Innovations in power electronics, increased renewable integration, the rise of smart grid solutions, regulatory support, and a focus on resilience are all driving the evolution of flexible AC transmission system technologies. These advancements are essential for achieving a sustainable energy future while addressing the challenges posed by changing energy demands and environmental conditions.

Strategic Growth Opportunities for Flexible AC Transmission System Market

The flexible AC transmission system market is poised for significant growth as the demand for efficient and reliable power transmission escalates globally. Key applications such as renewable energy integration, smart grid development, industrial automation, voltage regulation, and power quality improvement present numerous opportunities. These growth areas align with global energy trends, including the shift toward sustainability, increasing urbanization, and the need for grid resilience. As utilities and industries seek advanced solutions to manage power flow and enhance grid stability, the flexible AC transmission system market is set to play a crucial role in transforming the energy landscape.

• Renewable Energy Integration: The increasing adoption of renewable energy sources necessitates effective grid management to handle variability and intermittency. Flexible AC transmission system technologies, such as Static Synchronous Compensators and Unified Power Flow Controllers, enhance the stability and reliability of power systems. By facilitating the seamless integration of wind and solar energy into existing grids, flexible AC transmission system solutions help utilities optimize resource utilization and meet regulatory mandates for cleaner energy. This application is expected to see substantial investment as countries aim to achieve renewable energy targets and reduce carbon emissions.
• Smart Grid Development: The evolution of smart grids is driving demand for flexible AC transmission system technologies, which enable real-time monitoring and control of electrical systems. By incorporating flexible AC transmission system devices into smart grid infrastructure, utilities can enhance their operational efficiency and improve responsiveness to fluctuating energy demands. This growth opportunity focuses on developing systems that allow for better load management, improved outage response, and enhanced consumer engagement. As governments invest in smart grid initiatives, the integration of flexible AC transmission system solutions will be critical to achieving reliable, efficient, and sustainable power systems.
• Industrial Automation: Industries are increasingly adopting automated systems to enhance productivity and operational efficiency. Flexible AC transmission system technologies can support industrial automation by ensuring stable power supply and optimal voltage levels for sensitive equipment. Applications in manufacturing, mining, and data centers are particularly promising, as these sectors require robust power solutions to maintain uninterrupted operations. By investing in flexible AC transmission system solutions, industries can minimize downtime and enhance the performance of their automation systems, leading to significant cost savings and improved competitiveness.
• Voltage Regulation: Voltage regulation is crucial for maintaining power quality and reliability in electrical systems. Flexible AC transmission system devices play a vital role in voltage stabilization by dynamically managing reactive power and reducing voltage fluctuations. This application is particularly important in regions with fluctuating loads or high penetration of renewable energy. As utilities face increasing pressure to deliver high-quality power, the demand for flexible AC transmission system solutions that enhance voltage regulation will grow, driving investments in advanced transmission technologies.
• Power Quality Improvement: The need for improved power quality is becoming increasingly vital as industries and consumers rely more on sensitive electronic devices. Flexible AC transmission system technologies can mitigate issues such as harmonics, flicker, and voltage sags, ensuring a stable and clean power supply. This growth opportunity is especially relevant in urban areas with high concentrations of electronic equipment and renewable energy sources. By focusing on power quality improvements, utilities can enhance customer satisfaction, reduce equipment damage, and comply with regulatory standards, thereby creating a compelling case for flexible AC transmission system investment.

The flexible AC transmission system market offers numerous strategic growth opportunities across various applications, driven by the increasing need for efficient and reliable power transmission. By focusing on renewable energy integration, smart grid development, industrial automation, voltage regulation, and power quality improvement, stakeholders can capitalize on the evolving energy landscape. These growth areas not only align with global sustainability goals but also address the pressing challenges faced by modern power systems.

Flexible AC Transmission System Market Driver and Challenges

The flexible AC transmission system market is influenced by a myriad of drivers and challenges, encompassing technological advancements, economic trends, and regulatory frameworks. As the demand for efficient power transmission grows alongside the increasing integration of renewable energy sources, the adoption of flexible AC transmission system technologies becomes crucial. However, the market also faces challenges such as high initial costs, the need for a skilled workforce, and evolving regulatory standards. Understanding these dynamics is essential for stakeholders to navigate the complexities of the market and harness its full potential.

The factors responsible for driving the flexible AC transmission system market include:

• Integration of Renewable Energy Sources: The transition toward renewable energy is a key driver for the flexible AC transmission system market. With countries setting ambitious targets for reducing carbon emissions, integrating wind, solar, and other renewable sources into the grid has become imperative. Flexible AC transmission system technologies, such as Static Synchronous Compensators and Unified Power Flow Controllers, facilitate this integration by managing power flow and enhancing grid stability. As utilities and governments prioritize clean energy solutions, the demand for flexible AC transmission system solutions is expected to grow significantly.
• Growing Demand for Grid Reliability and Stability: The increasing frequency of power outages and grid instability issues has heightened the need for reliable power transmission systems. Flexible AC transmission system technologies help utilities enhance grid reliability by dynamically controlling voltage levels and managing reactive power. This capability is crucial for maintaining service continuity in the face of fluctuating demand and renewable energy variability. As electricity consumption continues to rise, utilities will increasingly invest in flexible AC transmission system solutions to ensure stable and reliable power delivery.
• Technological Advancements: Rapid advancements in power electronics and control technologies are propelling the flexible AC transmission system market forward. Innovations such as digital controls, real-time monitoring, and predictive analytics enhance the performance and efficiency of flexible AC transmission system devices. These technological improvements not only optimize power flow but also enable operators to respond swiftly to system disturbances. As new solutions emerge, the adoption of flexible AC transmission system technologies is becoming more attractive to utilities and industrial operators seeking to modernize their infrastructure.
• Regulatory Support for Smart Grid Initiatives: Governments worldwide are implementing policies and regulations that promote the development of smart grids and advanced power transmission technologies. These regulatory frameworks often include incentives for investing in flexible AC transmission system solutions aimed at improving energy efficiency and reducing greenhouse gas emissions. With increasing regulatory support, utilities are more inclined to adopt flexible AC transmission system technologies, fostering market growth and innovation.
• Rising Energy Demand and Urbanization: Global energy demand continues to rise due to urbanization and industrialization, necessitating enhanced power transmission capabilities. Flexible AC transmission system technologies enable utilities to manage increasing loads effectively, facilitating the expansion of electrical infrastructure in growing urban areas. This demand for enhanced transmission capabilities drives investment in flexible AC transmission system solutions, as utilities seek to accommodate future energy needs while ensuring operational efficiency.

Challenges in the flexible AC transmission system market are:

• High Initial Investment Costs: One of the primary challenges facing the flexible AC transmission system market is the high upfront costs associated with implementing these advanced technologies. The capital required for deploying flexible AC transmission system devices can deter utilities and companies from making investments, particularly in regions with budget constraints. This financial barrier may slow the adoption of flexible AC transmission system solutions despite their long-term operational benefits. Addressing financing options and providing incentives could help mitigate this challenge.
• Skilled Workforce Shortage: The implementation and maintenance of flexible AC transmission system technologies require specialized skills and knowledge. However, there is a notable shortage of professionals with expertise in power electronics and advanced control systems. This skills gap can hinder the effective deployment and operation of flexible AC transmission system solutions, creating delays and inefficiencies. Investing in workforce training and education programs is essential to address this challenge and ensure the successful implementation of flexible AC transmission system technologies.
• Evolving Regulatory Standards: The regulatory landscape surrounding energy transmission and renewable integration is continuously evolving. These changes can create uncertainty for utilities and companies considering investments in flexible AC transmission system technologies. Adapting to new regulations and compliance requirements may require additional resources and time, potentially delaying project timelines. Staying informed about regulatory changes and fostering collaboration with policymakers can help stakeholders navigate this challenge effectively.

The flexible AC transmission system market presents significant growth opportunities driven by renewable energy integration, technological advancements, and regulatory support. However, challenges such as high costs, workforce shortages, and evolving regulations must be addressed for sustained market development. By understanding these drivers and challenges, stakeholders can develop strategies to capitalize on the growing demand for efficient and reliable power transmission solutions.

List of Flexible AC Transmission System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies flexible AC transmission system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the flexible AC transmission system companies profiled in this report include-

• ABB
• Siemens
• Mitsubishi Electric
• Infineon Technologies
• NR Electric
• Hyosung Heavy Industries
• Rongxin Power

Flexible AC Transmission System by Segment

The study includes a forecast for the global flexible AC transmission system market by generation, function, application, end use, and region.

Flexible AC Transmission System Market by Generation [Analysis by Value from 2019 to 2031]:

• First Generation
• Second Generation

Flexible AC Transmission System Market by Function [Analysis by Value from 2019 to 2031]:

• Voltage Control
• Network Stabilization
• Transmission Capacity
• Harmonic Suppression

Flexible AC Transmission System Market by Application [Analysis by Value from 2019 to 2031]:

• Voltage Control
• Power Control

Flexible AC Transmission System Market by End Use [Analysis by Value from 2019 to 2031]:

• Utilities
• Renewables
• Industrial
• Railways
• Others

Flexible AC Transmission System Market by Region [Analysis by Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Flexible AC Transmission System Market

The flexible AC transmission system market is undergoing significant evolution, driven by the increasing demand for reliable, efficient, and sustainable power transmission solutions. With the integration of renewable energy sources and the need for grid stability, countries like the United States, Chinese, German, India, and Japan are making substantial investments in flexible AC transmission system technologies. These developments focus on improving grid flexibility, enhancing power quality, and managing electricity flows more effectively. Below are recent advancements in each of these key markets.

• United States: In the U.S., the flexible AC transmission system market is experiencing growth due to aging infrastructure and the need for modernization. Recent projects include the installation of Static Synchronous Compensators and Dynamic Voltage Restorers aimed at enhancing voltage stability in congested areas. Additionally, utilities are increasingly focusing on integrating renewable energy sources, prompting investments in flexible AC transmission system solutions to manage grid fluctuations. The Federal Energy Regulatory Commission is promoting initiatives that encourage the adoption of advanced technologies, further driving innovation and investment in the sector.
• China: China continues to lead in flexible AC transmission system technology development, primarily driven by its ambitious renewable energy targets. The country has been integrating high-voltage direct current systems with flexible AC transmission system devices to enhance transmission capabilities from remote renewable sources. Recent advancements include the deployment of advanced Static Synchronous Compensator systems in provinces heavily reliant on wind and solar energy. These innovations aim to address challenges related to grid stability and facilitate the efficient flow of electricity across vast distances, thereby supporting China's energy transition goals.
• Germany: Germany's focus on energy transition, known as the Energiewende, has accelerated the adoption of flexible AC transmission system technologies. The country is implementing advanced flexible AC transmission system solutions to manage the increasing influx of decentralized energy sources. Recent developments include the installation of flexible AC transmission system devices like Unified Power Flow Controllers to improve grid flexibility and support the integration of renewables. Additionally, Germany is investing in smart grid technologies that utilize flexible AC transmission system devices for enhanced monitoring and control, ensuring a reliable and efficient energy supply while reducing carbon emissions.
• India: India is making strides in the flexible AC transmission system market, driven by the urgent need for grid stabilization amidst rapid urbanization and renewable energy integration. Recent initiatives include deploying Static Synchronous Compensators and Unified Power Flow Controllers in critical regions to address voltage fluctuations and enhance transmission capacity. The government's emphasis on increasing renewable energy generation is further motivating investments in flexible AC transmission system technologies, which are essential for maintaining grid reliability. These advancements aim to support India's ambitious renewable energy targets and improve overall power system performance.
• Japan: In Japan, the adoption of flexible AC transmission system technologies is crucial for enhancing grid resilience following the Fukushima disaster. The country is investing in advanced flexible AC transmission system solutions to improve power quality and stability. Recent developments include the implementation of new flexible AC transmission system devices that enhance voltage regulation and facilitate the integration of renewable energy sources. Japan's focus on modernization and disaster recovery is driving innovations in flexible AC transmission system technologies, contributing to a more robust and flexible power system capable of withstanding natural disruptions.

Features of the Global Flexible AC Transmission System Market

Market Size Estimates: Flexible AC transmission system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Flexible AC transmission system market size by various segments, such as by generation, function, application, end use, and region in terms of value ($B).

Regional Analysis: Flexible AC transmission system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different generations, functions, applications, end uses, and regions for the flexible AC transmission system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the flexible AC transmission system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the flexible AC transmission system market by generation (first generation and second generation), function (voltage control, network stabilization, transmission capacity, and harmonic suppression), application (voltage control and power control), end use (utilities, renewables, industrial, railways, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Flexible Ac Transmission System Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Flexible Ac Transmission System Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Flexible Ac Transmission System Market by Generation
  • 3.3.1: First Generation
  • 3.3.2: Second Generation
• 3.4: Global Flexible Ac Transmission System Market by Function
  • 3.4.1: Voltage Control
  • 3.4.2: Network Stabilization
  • 3.4.3: Transmission Capacity
  • 3.4.4: Harmonic Suppression
• 3.5: Global Flexible Ac Transmission System Market by End Use
  • 3.5.1: Utilities
  • 3.5.2: Renewables
  • 3.5.3: Industrial
  • 3.5.4: Railways
  • 3.5.5: Others
• 3.6: Global Flexible Ac Transmission System Market by Application
  • 3.6.1: Voltage Control
  • 3.6.2: Power Control

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Flexible Ac Transmission System Market by Region
• 4.2: North American Flexible Ac Transmission System Market
  • 4.2.1: North American Flexible Ac Transmission System Market by Generation: First Generation and Second Generation
  • 4.2.2: North American Flexible Ac Transmission System Market by End Use: Utilities, Renewables, Industrial, Railways, and Others
• 4.3: European Flexible Ac Transmission System Market
  • 4.3.1: European Flexible Ac Transmission System Market by Generation: First Generation and Second Generation
  • 4.3.2: European Flexible Ac Transmission System Market by End Use: Utilities, Renewables, Industrial, Railways, and Others
• 4.4: APAC Flexible Ac Transmission System Market
  • 4.4.1: APAC Flexible Ac Transmission System Market by Generation: First Generation and Second Generation
  • 4.4.2: APAC Flexible Ac Transmission System Market by End Use: Utilities, Renewables, Industrial, Railways, and Others
• 4.5: ROW Flexible Ac Transmission System Market
  • 4.5.1: ROW Flexible Ac Transmission System Market by Generation: First Generation and Second Generation
  • 4.5.2: ROW Flexible Ac Transmission System Market by End Use: Utilities, Renewables, Industrial, Railways, and Others

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Flexible Ac Transmission System Market by Generation
  • 6.1.2: Growth Opportunities for the Global Flexible Ac Transmission System Market by Function
  • 6.1.3: Growth Opportunities for the Global Flexible Ac Transmission System Market by End Use
  • 6.1.4: Growth Opportunities for the Global Flexible Ac Transmission System Market by Application
  • 6.1.5: Growth Opportunities for the Global Flexible Ac Transmission System Market by Region
• 6.2: Emerging Trends in the Global Flexible Ac Transmission System Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Flexible Ac Transmission System Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Flexible Ac Transmission System Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: ABB
• 7.2: Siemens
• 7.3: Mitsubishi Electric
• 7.4: Infineon Technologies
• 7.5: NR Electric
• 7.6: Hyosung Heavy Industries
• 7.7: Rongxin Power