Flexible AC Transmission Systems Market Size, Share, Trends, Growth 2032

Flexible AC Transmission Systems Market

Flexible AC Transmission Systems Market By Compensation Type (Static Var Compensation (SVC), Static Compensator (STATCOM), Series Compensation, and Combined Compensation), By Industry Vertical (Utilities, Renewables, Railways, and Industrial), By Voltage (132 kV to 220 kV, > 220 kV to 660 kV, and > 660 kV), By Function (Voltage Control, Network Stabilization, Transmission Capacity, Harmonic Suppression, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032

Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-4181 Published Date: Oct-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 1463.88 Million USD 2657.51 Million 6.85% 2023

Flexible AC Transmission Systems Market

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.2.Report Scope
  • Chapter 2.Research Methodology
    • 2.1.Research Methodology
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Flexible AC Transmission Systems Market, 2016 – 2026 (USD Million)
    • 3.2.Global Flexible AC Transmission Systems Market: Snapshot
  • Chapter 4.Flexible AC Transmission Systems Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
    • 4.3.Market Restraints
    • 4.4.Market Opportunities
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Flexible AC Transmission Systems Market Attractiveness, By Compensation Type
    • 5.2.Global Flexible AC Transmission Systems Market Attractiveness, By Industry Vertical
    • 5.3.Global Flexible AC Transmission Systems Market Attractiveness, By Vultage
    • 5.4.Global Flexible AC Transmission Systems Market Attractiveness, By Function
    • 5.5.Global Flexible AC Transmission Systems Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Flexible AC Transmission Systems Market: Company Market Share, 2019
    • 6.2.Strategic Developments
    • 7.1.Global Flexible AC Transmission Systems Market Overview: by Compensation Type
  • Chapter 7.Flexible AC Transmission Systems Market – Compensation Type Analysis
    • 7.1.1.Global Flexible AC Transmission Systems Market Revenue Share, by Compensation Type, 2019 & 2026
    • 7.2.Global Flexible AC Transmission Systems Market Analysis/Overview – By Compensation Type
      • 7.2.1.Static Var Compensation (SVC) – Overview/Analysis
      • 7.2.2.Static Compensator (STATCOM) – Overview/Analysis
      • 7.2.3.Series Compensation – Overview/Analysis
      • 7.2.4.Combined Compensation – Overview/Analysis
    • 7.3.Static Var Compensation (SVC)
      • 7.3.1.Global Flexible AC Transmission Systems Market for Static Var Compensation (SVC), Revenue (USD Million) 2016 - 2026
    • 7.4.Static Compensator (STATCOM)
      • 7.4.1.Global Flexible AC Transmission Systems Market for Static Compensator (STATCOM), Revenue (USD Million) 2016 - 2026
    • 7.5.Series Compensation
      • 7.5.1.Global Flexible AC Transmission Systems Market for Series Compensation, Revenue (USD Million) 2016 - 2026
    • 7.6.Combined Compensation
      • 7.6.1.Global Flexible AC Transmission Systems Market for Combined Compensation, Revenue (USD Million) 2016 - 2026
    • 8.1.Global Flexible AC Transmission Systems Market Overview: by Industry Vertical
  • Chapter 8.Flexible AC Transmission Systems Market – Industry Vertical Analysis
    • 8.1.1.Global Flexible AC Transmission Systems Market Revenue Share, by Industry Vertical, 2019 & 2026
    • 8.2.Global Flexible AC Transmission Systems Market Analysis/Overview – By Industry Vertical
      • 8.2.1.Utilities – Overview/Analysis
      • 8.2.2.Renewables – Overview/Analysis
      • 8.2.3.Railways – Overview/Analysis
      • 8.2.4.Industrial – Overview/Analysis
    • 8.3.Utilities
      • 8.3.1.Global Flexible AC Transmission Systems Market for Utilities, Revenue (USD Million) 2016 - 2026
    • 8.4.Renewables
      • 8.4.1.Global Flexible AC Transmission Systems Market for Renewables, Revenue (USD Million) 2016 - 2026
    • 8.5.Railways
      • 8.5.1.Global Flexible AC Transmission Systems Market for Railways, Revenue (USD Million) 2016 - 2026
    • 8.6.Industrial
      • 8.6.1.Global Flexible AC Transmission Systems Market for Industrial, Revenue (USD Million) 2016 - 2026
  • Chapter 9.Flexible AC Transmission Systems Market – Vultage Analysis
    • 9.1.Global Flexible AC Transmission Systems Market Overview: by Vultage
      • 9.1.1.Global Flexible AC Transmission Systems Market Revenue Share, by Vultage, 2019 & 2026
    • 9.2.Global Flexible AC Transmission Systems Market Analysis/Overview – By Vultage
      • 9.2.1.132 kV to 220 kV – Overview/Analysis
      • 9.2.2.> 220 kV to 660 kV – Overview/Analysis
      • 9.2.3.> 660 kV – Overview/Analysis
    • 9.3.132 kV to 220 kV
      • 9.3.1.Global Flexible AC Transmission Systems Market for 132 kV to 220 kV, Revenue (USD Million) 2016 - 2026
    • 9.4.> 220 kV to 660 kV
      • 9.4.1.Global Flexible AC Transmission Systems Market for > 220 kV to 660 kV, Revenue (USD Million) 2016 - 2026
    • 9.5.> 660 kV
      • 9.5.1.Global Flexible AC Transmission Systems Market for > 660 kV, Revenue (USD Million) 2016 - 2026
  • Chapter 10.Flexible AC Transmission Systems Market – Function Analysis
    • 10.1.Global Flexible AC Transmission Systems Market Overview: by Function
      • 10.1.1.Global Flexible AC Transmission Systems Market Revenue Share, by Function, 2019 & 2026
    • 10.2.Global Flexible AC Transmission Systems Market Analysis/Overview – By Function
      • 10.2.1.Vultage Contrul – Overview/Analysis
      • 10.2.2.Network Stabilization – Overview/Analysis
      • 10.2.3.Transmission Capacity – Overview/Analysis
      • 10.2.4.Harmonic Suppression – Overview/Analysis
      • 10.2.5.Others – Overview/Analysis
    • 10.3.Vultage Contrul
      • 10.3.1.Global Flexible AC Transmission Systems Market for Vultage Contrul, Revenue (USD Million) 2016 - 2026
    • 10.4.Network Stabilization
      • 10.4.1.Global Flexible AC Transmission Systems Market for Network Stabilization, Revenue (USD Million) 2016 - 2026
    • 10.5.Transmission Capacity
      • 10.5.1.Global Flexible AC Transmission Systems Market for Transmission Capacity, Revenue (USD Million) 2016 - 2026
    • 10.6.Harmonic Suppression
      • 10.6.1.Global Flexible AC Transmission Systems Market for Harmonic Suppression, Revenue (USD Million) 2016 - 2026
    • 10.7.Others
      • 10.7.1.Global Flexible AC Transmission Systems Market for Others, Revenue (USD Million) 2016 - 2026
  • Chapter 11.Flexible AC Transmission Systems Market – Regional Analysis
    • 11.1.Global Flexible AC Transmission Systems Market: Regional Overview
      • 11.1.1.Global Flexible AC Transmission Systems Market Revenue Share, by Region, 2019 & 2026
      • 11.1.2.Global Flexible AC Transmission Systems Market Revenue, by Region, 2016 – 2026 (USD Million)
    • 11.2.North America
      • 11.2.1.North America Flexible AC Transmission Systems Market Revenue, 2016 - 2026 (USD Million)
      • 11.2.2.North America Flexible AC Transmission Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.2.3.North America Flexible AC Transmission Systems Market Revenue, by Compensation Type, 2016 – 2026
      • 11.2.4.North America Flexible AC Transmission Systems Market Revenue, by Industry Vertical, 2016 – 2026
      • 11.2.5.North America Flexible AC Transmission Systems Market Revenue, by Vultage, 2016 – 2026
      • 11.2.6.North America Flexible AC Transmission Systems Market Revenue, by Function, 2016 – 2026
      • 11.2.7. U.S.
      • 11.2.8.Canada
    • 11.3.Europe
      • 11.3.1.Europe Flexible AC Transmission Systems Market Revenue, 2016 - 2026 (USD Million)
      • 11.3.2.Europe Flexible AC Transmission Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.3.3.Europe Flexible AC Transmission Systems Market Revenue, by Compensation Type, 2016 – 2026
      • 11.3.4.Europe Flexible AC Transmission Systems Market Revenue, by Industry Vertical, 2016 – 2026
      • 11.3.5.Europe Flexible AC Transmission Systems Market Revenue, by Vultage, 2016 – 2026
      • 11.3.6.Europe Flexible AC Transmission Systems Market Revenue, by Function, 2016 – 2026
      • 11.3.7.Germany
      • 11.3.8.France
      • 11.3.9. U.K.
      • 11.3.10.Rest of Europe
    • 11.4.Asia Pacific
      • 11.4.1.Asia Pacific Flexible AC Transmission Systems Market Revenue, 2016 - 2026 (USD Million)
      • 11.4.2.Asia Pacific Flexible AC Transmission Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.4.3.Asia Pacific Flexible AC Transmission Systems Market Revenue, by Compensation Type, 2016 – 2026
      • 11.4.4.Asia Pacific Flexible AC Transmission Systems Market Revenue, by Industry Vertical, 2016 – 2026
      • 11.4.5.Asia Pacific Flexible AC Transmission Systems Market Revenue, by Vultage, 2016 – 2026
      • 11.4.6.Asia Pacific Flexible AC Transmission Systems Market Revenue, by Function, 2016 – 2026
      • 11.4.7.China
      • 11.4.8.Japan
      • 11.4.9.India
      • 11.4.10.Rest of Asia Pacific
    • 11.5.Latin America
      • 11.5.1.Latin America Flexible AC Transmission Systems Market Revenue, 2016 - 2026 (USD Million)
      • 11.5.2.Latin America Flexible AC Transmission Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.5.3.Latin America Flexible AC Transmission Systems Market Revenue, by Compensation Type, 2016 – 2026
      • 11.5.4.Latin America Flexible AC Transmission Systems Market Revenue, by Industry Vertical, 2016 – 2026
      • 11.5.5.Latin America Flexible AC Transmission Systems Market Revenue, by Vultage, 2016 – 2026
      • 11.5.6.Latin America Flexible AC Transmission Systems Market Revenue, by Function, 2016 – 2026
      • 11.5.7.Brazil
      • 11.5.8.Mexico
      • 11.5.9.Rest of Latin America
    • 11.6.The Middle-East and Africa
      • 11.6.1.The Middle-East and Africa Flexible AC Transmission Systems Market Revenue, 2016 - 2026 (USD Million)
      • 11.6.2.The Middle-East and Africa Flexible AC Transmission Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.6.3.The Middle-East and Africa Flexible AC Transmission Systems Market Revenue, by Compensation Type, 2016 – 2026
      • 11.6.4.The Middle-East and Africa Flexible AC Transmission Systems Market Revenue, by Industry Vertical, 2016 – 2026
      • 11.6.5.The Middle-East and Africa Flexible AC Transmission Systems Market Revenue, by Vultage, 2016 – 2026
      • 11.6.6.The Middle-East and Africa Flexible AC Transmission Systems Market Revenue, by Function, 2016 – 2026
  • Chapter 12.Company Profiles
    • 12.1.Hyosung
    • 12.2.GE Grid Sulutions
    • 12.3.NR Electric
    • 12.4.ABB
    • 12.5.Adani Power
    • 12.6.American Electric Power
    • 12.7.Alstom
    • 12.8.Mitsubishi Electric
    • 12.9.Siemens
    • 12.1.Eaton

Table Of Figures

List of Figures 

FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Flexible AC Transmission Systems Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Flexible AC Transmission Systems Market
FIG. 6 Global Flexible AC Transmission Systems Market Attractiveness, By Compensation Type
FIG. 7 Global Flexible AC Transmission Systems Market Attractiveness, By Industry Vertical
FIG. 8 Global Flexible AC Transmission Systems Market Attractiveness, By Voltage
FIG. 9 Global Flexible AC Transmission Systems Market Attractiveness, By Function
FIG. 10 Global Flexible AC Transmission Systems Market Attractiveness, By End-User
FIG. 11 Company Share Analysis, 2019
FIG. 12 Global Flexible AC Transmission Systems Market Revenue Share, by Compensation Type, 2019 & 2026
FIG. 13 Global Flexible AC Transmission Systems Market for Static Var Compensation (SVC), Revenue (USD Million) 2016 - 2026
FIG. 14 Global Flexible AC Transmission Systems Market for Static Compensator (STATCOM), Revenue (USD Million) 2016 - 2026
FIG. 15 Global Flexible AC Transmission Systems Market for Series Compensation, Revenue (USD Million) 2016 - 2026
FIG. 16 Global Flexible AC Transmission Systems Market for Combined Compensation, Revenue (USD Million) 2016 - 2026
FIG. 17 Global Flexible AC Transmission Systems Market Revenue Share, by Industry Vertical, 2019 & 2026
FIG. 18 Global Flexible AC Transmission Systems Market for Utilities, Revenue (USD Million) 2016 - 2026
FIG. 19 Global Flexible AC Transmission Systems Market for Renewables, Revenue (USD Million) 2016 - 2026
FIG. 20 Global Flexible AC Transmission Systems Market for Railways, Revenue (USD Million) 2016 - 2026
FIG. 21 Global Flexible AC Transmission Systems Market for Industrial, Revenue (USD Million) 2016 - 2026
FIG. 22 Global Flexible AC Transmission Systems Market Revenue Share, by Voltage, 2019 & 2026
FIG. 23 Global Flexible AC Transmission Systems Market for 132 kV to 220 kV, Revenue (USD Million) 2016 - 2026
FIG. 24 Global Flexible AC Transmission Systems Market for > 220 kV to 660 kV, Revenue (USD Million) 2016 - 2026
FIG. 25 Global Flexible AC Transmission Systems Market for > 660 kV, Revenue (USD Million) 2016 - 2026
FIG. 26 Global Flexible AC Transmission Systems Market Revenue Share, by Function, 2019 & 2026
FIG. 27 Global Flexible AC Transmission Systems Market for Voltage Control, Revenue (USD Million) 2016 - 2026
FIG. 28 Global Flexible AC Transmission Systems Market for Network Stabilization, Revenue (USD Million) 2016 - 2026
FIG. 29 Global Flexible AC Transmission Systems Market for Transmission Capacity, Revenue (USD Million) 2016 - 2026
FIG. 30 Global Flexible AC Transmission Systems Market for Harmonic Suppression, Revenue (USD Million) 2016 - 2026
FIG. 31 Global Flexible AC Transmission Systems Market for Others, Revenue (USD Million) 2016 - 2026
FIG. 32 Global Flexible AC Transmission Systems Market Revenue Share, by Region, 2019 & 2026
FIG. 33 North America Flexible AC Transmission Systems Market Revenue, 2016 - 2026 (USD Million)
FIG. 34 Europe Flexible AC Transmission Systems Market Revenue, 2016 - 2026 (USD Million)
FIG. 35 Asia Pacific Flexible AC Transmission Systems Market Revenue, 2016 - 2026 (USD Million)
FIG. 36 Latin America Flexible AC Transmission Systems Market Revenue, 2016 - 2026 (USD Million)
FIG. 37 The Middle-East and Africa Flexible AC Transmission Systems Market Revenue, 2016 - 2026 (USD Million)
 


Table Of Tables

List of Tables

TABLE 1 Global Flexible AC Transmission Systems Market: Snapshot
TABLE 2 Drivers of the Flexible AC Transmission Systems Market: Impact Analysis
TABLE 3 Restraints for the Flexible AC Transmission Systems Market: Impact Analysis
TABLE 4 Global Flexible AC Transmission Systems Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America Flexible AC Transmission Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America Flexible AC Transmission Systems Market Revenue, by Compensation Type, 2016 – 2026 (USD Million)
TABLE 7 North America Flexible AC Transmission Systems Market Revenue, by Industry Vertical, 2016 – 2026 (USD Million)
TABLE 8 North America Flexible AC Transmission Systems Market Revenue, by Voltage, 2016 – 2026 (USD Million)
TABLE 9 North America Flexible AC Transmission Systems Market Revenue, by Function, 2016 – 2026 (USD Million)
TABLE 10 Europe Flexible AC Transmission Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 11 Europe Flexible AC Transmission Systems Market Revenue, by Compensation Type, 2016 – 2026 (USD Million)
TABLE 12 Europe Flexible AC Transmission Systems Market Revenue, by Industry Vertical, 2016 – 2026 (USD Million)
TABLE 13 Europe Flexible AC Transmission Systems Market Revenue, by Voltage, 2016 – 2026 (USD Million)
TABLE 14 Europe Flexible AC Transmission Systems Market Revenue, by Function, 2016 – 2026 (USD Million)
TABLE 15 Asia Pacific Flexible AC Transmission Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 16 Asia Pacific Flexible AC Transmission Systems Market Revenue, by Compensation Type, 2016 – 2026 (USD Million)
TABLE 17 Asia Pacific Flexible AC Transmission Systems Market Revenue, by Industry Vertical, 2016 – 2026 (USD Million)
TABLE 18 Asia Pacific Flexible AC Transmission Systems Market Revenue, by Voltage, 2016 – 2026 (USD Million)
TABLE 19 Asia Pacific Flexible AC Transmission Systems Market Revenue, by Function, 2016 – 2026 (USD Million)
TABLE 20 Latin America Flexible AC Transmission Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 21 Latin America Flexible AC Transmission Systems Market Revenue, by Compensation Type, 2016 – 2026 (USD Million)
TABLE 22 Latin America Flexible AC Transmission Systems Market Revenue, by Industry Vertical, 2016 – 2026 (USD Million)
TABLE 23 Latin America Flexible AC Transmission Systems Market Revenue, by Voltage, 2016 – 2026 (USD Million)
TABLE 24 Latin America Flexible AC Transmission Systems Market Revenue, by Function, 2016 – 2026 (USD Million)
TABLE 25 The Middle-East and Africa Flexible AC Transmission Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 26 The Middle-East and Africa Flexible AC Transmission Systems Market Revenue, by Compensation Type, 2016 – 2026 (USD Million)
TABLE 27 The Middle-East and Africa Flexible AC Transmission Systems Market Revenue, by Industry Vertical, 2016 – 2026 (USD Million)
TABLE 28 The Middle-East and Africa Flexible AC Transmission Systems Market Revenue, by Voltage, 2016 – 2026 (USD Million)
TABLE 29 The Middle-East and Africa Flexible AC Transmission Systems Market Revenue, by Function, 2016 – 2026 (USD Million)

Methodology

FrequentlyAsked Questions

Advanced electrical devices and technologies, known as Flexible AC Transmission Systems (FACTS), are employed to improve the efficacy, stability, and control of alternating current (AC) power transmission. FACTS systems enhance the existing power grid's capabilities by regulating power flow and voltage levels, reducing losses, and facilitating the more efficient utilisation of transmission lines. They are particularly beneficial in large, intricate power networks, as they assist in the mitigation of issues related to grid stability, power quality, and congestion.

The demand for FACTS technologies is augmented by the necessity for efficient power flow management and grid stability as electrical infrastructures become more complex and demand increases.

According to a report from Zion Market Research, the global Flexible AC Transmission Systems Market was valued at USD 1463.88 Million in 2023 and is projected to hit USD 2657.51 Million by 2032.

According to a report from Zion Market Research, the global Flexible AC Transmission Systems Market a compound annual growth rate (CAGR) of 6.85% during the forecast period 2024-2032.

Based on regions, the global flexible AC transmission systems market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 

Some of the key players in the flexible AC transmission systems market are Hyosung, GE Grid Solutions, NR Electric, ABB, Adani Power, American Electric Power, Alstom, Mitsubishi Electric, Siemens, and Eaton, among others.

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