Flexible AC Transmission Systems Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Compensation Type, By Controller, By Industry Vertical, By Region, By Competition, 2020-2030F
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Siemens Energy AG
General Electric(GE) Grid Solutions
Mitsubishi Electric Corporation
ABB Ltd.
Toshiba Energy Systems & Solutions Corporation
NR Electric Co., Ltd.
American Superconductor Corporation(AMSC)
Hyosung Heavy Industries
Rongxin Power Electronic Co., Ltd.(RXPE)
Adani Transmission Limited
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The Global Flexible AC Transmission Systems (FACTS) Market was valued at USD 1.32 billion in 2024 and is projected to grow at a CAGR of 7.93%, reaching USD 2.11 billion by 2030. FACTS technologies are advanced power electronics-based systems that improve the efficiency, control, and stability of AC transmission networks. These systems allow utilities to optimize existing transmission infrastructure by dynamically managing power flow, voltage, and network stability without compromising reliability. As power demands grow and grids become more complex due to the integration of renewables, FACTS are becoming essential in enabling high-performance transmission networks while minimizing the need for new physical infrastructure.
Market Overview
Forecast Period
2026-2030
Market Size 2024
USD 1.32 Billion
Market Size 2030
USD 2.11 Billion
CAGR 2025-2030
7.93%
Fastest Growing Segment
Shunt Compensation
Largest Market
North America
Key Market Drivers
Increasing Demand for Grid Stability and Reliability Amid Rising Renewable Energy Integration
The rapid expansion of renewable energy sources such as wind and solar is placing increasing stress on global transmission systems due to their intermittent nature. Maintaining grid stability and power quality under these fluctuating conditions is a pressing concern for utilities. FACTS devices-such as Static Var Compensators (SVCs), Static Synchronous Compensators (STATCOMs), and Unified Power Flow Controllers (UPFCs)-offer dynamic reactive power support and voltage regulation in real time. Their ability to mitigate power disturbances and enhance grid reliability makes them a vital solution for accommodating the variability of renewable energy and ensuring consistent power delivery across transmission networks.
Key Market Challenges
High Initial Capital Investment and Cost Sensitivity
A key obstacle in the widespread adoption of FACTS technologies is the significant upfront investment required for system deployment. Devices like SVCs, STATCOMs, and UPFCs demand high costs not only for the equipment itself but also for the associated engineering, installation, and supporting infrastructure. These include complex components such as power converters, reactors, and advanced control systems. For many developing regions with limited funding for power infrastructure upgrades, these financial constraints make traditional alternatives more appealing. The high cost barrier often slows adoption, particularly where short-term solutions are prioritized over long-term grid optimization.
Key Market Trends
Integration of FACTS with Renewable Energy Systems
One of the most notable trends in the FACTS market is the increased incorporation of these technologies into renewable energy projects. As the global energy landscape shifts toward clean energy sources, the variability of wind and solar generation introduces new challenges for maintaining grid stability and power quality. FACTS solutions-such as STATCOMs, SVCs, and series compensation devices-play a crucial role in supporting voltage control, reactive power balance, and efficient energy transfer. Countries including India, China, Germany, and the United States are actively deploying FACTS in conjunction with large-scale renewables to ensure stable power transmission from remote generation areas to end-users.
Key Market Players
Siemens Energy AG
General Electric (GE) Grid Solutions
Mitsubishi Electric Corporation
ABB Ltd.
Toshiba Energy Systems & Solutions Corporation
NR Electric Co., Ltd.
American Superconductor Corporation (AMSC)
Hyosung Heavy Industries
Rongxin Power Electronic Co., Ltd. (RXPE)
Adani Transmission Limited
Report Scope:
In this report, the Global Flexible AC Transmission Systems Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Flexible AC Transmission Systems Market, By Compensation Type:
Series Compensation
Shunt Compensation
Combined Series-Shunt Compensation
Flexible AC Transmission Systems Market, By Controller:
Static Synchronous Compensator (STATCOM)
Static VAR Compensator (SVC)
Unified Power Flow Controller (UPFC)
Thyristor Controlled Series Compensator (TCSC)
Others
Flexible AC Transmission Systems Market, By Industry Vertical:
Oil & Gas
Electric Utility
Railways
Others
Flexible AC Transmission Systems Market, By Region:
North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia-Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Flexible AC Transmission Systems Market.
Available Customizations:
Global Flexible AC Transmission Systems Market report with the given Market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional Market players (up to five).
Table of Contents
1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
2.5.1. Secondary Research
2.5.2. Primary Research
2.6. Approach for the Market Study
2.6.1. The Bottom-Up Approach
2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
2.8.1. Data Triangulation & Validation
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
5. Global Flexible AC Transmission Systems Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Compensation Type (Series Compensation, Shunt Compensation, Combined Series-Shunt Compensation)
5.2.2. By Controller (Static Synchronous Compensator (STATCOM), Static VAR Compensator (SVC), Unified Power Flow Controller (UPFC), Thyristor Controlled Series Compensator (TCSC), Others)
5.2.3. By Industry Vertical (Oil & Gas, Electric Utility, Railways, Others)
5.2.4. By Region
5.3. By Company (2024)
5.4. Market Map
6. North America Flexible AC Transmission Systems Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Compensation Type
6.2.2. By Controller
6.2.3. By Industry Vertical
6.2.4. By Country
6.3. North America: Country Analysis
6.3.1. United States Flexible AC Transmission Systems Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Compensation Type
6.3.1.2.2. By Controller
6.3.1.2.3. By Industry Vertical
6.3.2. Canada Flexible AC Transmission Systems Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Compensation Type
6.3.2.2.2. By Controller
6.3.2.2.3. By Industry Vertical
6.3.3. Mexico Flexible AC Transmission Systems Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Compensation Type
6.3.3.2.2. By Controller
6.3.3.2.3. By Industry Vertical
7. Europe Flexible AC Transmission Systems Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Compensation Type
7.2.2. By Controller
7.2.3. By Industry Vertical
7.2.4. By Country
7.3. Europe: Country Analysis
7.3.1. Germany Flexible AC Transmission Systems Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Compensation Type
7.3.1.2.2. By Controller
7.3.1.2.3. By Industry Vertical
7.3.2. United Kingdom Flexible AC Transmission Systems Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Compensation Type
7.3.2.2.2. By Controller
7.3.2.2.3. By Industry Vertical
7.3.3. Italy Flexible AC Transmission Systems Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Compensation Type
7.3.3.2.2. By Controller
7.3.3.2.3. By Industry Vertical
7.3.4. France Flexible AC Transmission Systems Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Compensation Type
7.3.4.2.2. By Controller
7.3.4.2.3. By Industry Vertical
7.3.5. Spain Flexible AC Transmission Systems Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Compensation Type
7.3.5.2.2. By Controller
7.3.5.2.3. By Industry Vertical
8. Asia-Pacific Flexible AC Transmission Systems Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Compensation Type
8.2.2. By Controller
8.2.3. By Industry Vertical
8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Flexible AC Transmission Systems Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Compensation Type
8.3.1.2.2. By Controller
8.3.1.2.3. By Industry Vertical
8.3.2. India Flexible AC Transmission Systems Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Compensation Type
8.3.2.2.2. By Controller
8.3.2.2.3. By Industry Vertical
8.3.3. Japan Flexible AC Transmission Systems Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Compensation Type
8.3.3.2.2. By Controller
8.3.3.2.3. By Industry Vertical
8.3.4. South Korea Flexible AC Transmission Systems Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Compensation Type
8.3.4.2.2. By Controller
8.3.4.2.3. By Industry Vertical
8.3.5. Australia Flexible AC Transmission Systems Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Compensation Type
8.3.5.2.2. By Controller
8.3.5.2.3. By Industry Vertical
9. South America Flexible AC Transmission Systems Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Compensation Type
9.2.2. By Controller
9.2.3. By Industry Vertical
9.2.4. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Flexible AC Transmission Systems Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Compensation Type
9.3.1.2.2. By Controller
9.3.1.2.3. By Industry Vertical
9.3.2. Argentina Flexible AC Transmission Systems Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Compensation Type
9.3.2.2.2. By Controller
9.3.2.2.3. By Industry Vertical
9.3.3. Colombia Flexible AC Transmission Systems Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Compensation Type
9.3.3.2.2. By Controller
9.3.3.2.3. By Industry Vertical
10. Middle East and Africa Flexible AC Transmission Systems Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Compensation Type
10.2.2. By Controller
10.2.3. By Industry Vertical
10.2.4. By Country
10.3. Middle East and Africa: Country Analysis
10.3.1. South Africa Flexible AC Transmission Systems Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Compensation Type
10.3.1.2.2. By Controller
10.3.1.2.3. By Industry Vertical
10.3.2. Saudi Arabia Flexible AC Transmission Systems Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Compensation Type
10.3.2.2.2. By Controller
10.3.2.2.3. By Industry Vertical
10.3.3. UAE Flexible AC Transmission Systems Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Compensation Type
10.3.3.2.2. By Controller
10.3.3.2.3. By Industry Vertical
10.3.4. Kuwait Flexible AC Transmission Systems Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Compensation Type
10.3.4.2.2. By Controller
10.3.4.2.3. By Industry Vertical
10.3.5. Turkey Flexible AC Transmission Systems Market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Value
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Compensation Type
10.3.5.2.2. By Controller
10.3.5.2.3. By Industry Vertical
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments
13. Company Profiles
13.1. Siemens Energy AG
13.1.1. Business Overview
13.1.2. Key Revenue and Financials
13.1.3. Recent Developments
13.1.4. Key Personnel/Key Contact Person
13.1.5. Key Product/Services Offered
13.2. General Electric (GE) Grid Solutions
13.3. Mitsubishi Electric Corporation
13.4. ABB Ltd.
13.5. Toshiba Energy Systems & Solutions Corporation