Product Code: ETC13316743 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Flexible AC Transmission System Market was valued at USD 2.9 Billion in 2024 and is expected to reach USD 4.6 Billion by 2031, growing at a compound annual growth rate of 3.81% during the forecast period (2025-2031).
The Global Flexible AC Transmission System (FACTS) Market is experiencing robust growth driven by increasing demand for reliable and efficient power transmission systems. FACTS technology helps enhance the power transfer capability of existing AC transmission systems, reduce power losses, and improve grid stability. Factors such as growing investments in renewable energy integration, the need for grid modernization, and rising demand for electricity in developing regions are fueling market expansion. Key players in the market are focusing on developing advanced FACTS solutions to address the evolving needs of the power sector. North America and Asia Pacific regions are expected to dominate the market due to ongoing infrastructure developments and government initiatives to improve grid reliability. Overall, the Global FACTS market is poised for significant growth in the coming years.
The Global Flexible AC Transmission System (FACTS) market is witnessing growth due to increasing demand for reliable and efficient power transmission systems. The integration of renewable energy sources into the grid is driving the adoption of FACTS solutions to maintain grid stability and ensure smooth power flow. Technological advancements such as voltage control, power flow optimization, and dynamic reactive power compensation are contributing to the market growth. Additionally, the expanding infrastructure development and industrialization in emerging economies present lucrative opportunities for market players. The deployment of FACTS devices in transmission networks to enhance operational efficiency and reduce transmission losses is expected to further boost the market. Overall, the Global FACTS market is poised for significant growth driven by the need for a more resilient and flexible power grid infrastructure.
In the Global Flexible AC Transmission System (FACTS) market, several challenges are faced, including high initial investment costs, regulatory hurdles, and the complexity of integrating FACTS technologies into existing power grids. The upfront cost of implementing FACTS solutions can be a barrier for many utilities and grid operators, despite the long-term benefits they offer in terms of increased grid stability and efficiency. Additionally, navigating the regulatory landscape, which varies from region to region, can pose challenges for companies looking to deploy FACTS technologies on a global scale. Furthermore, integrating FACTS devices into aging power infrastructure can be complex and require significant planning and coordination to ensure seamless operation and compatibility with existing systems. Addressing these challenges will be crucial for the continued growth and adoption of FACTS technologies in the global power industry.
The Global Flexible AC Transmission System (FACTS) market is primarily driven by the increasing demand for efficient power transmission and distribution systems to address the growing need for reliable electricity supply. Factors such as the rising integration of renewable energy sources, grid modernization initiatives, and the need to improve grid stability and power quality are driving the adoption of FACTS technologies. Additionally, the escalating investments in upgrading existing power infrastructure, coupled with the focus on reducing transmission losses and enhancing grid efficiency, are further fueling the market growth. The ability of FACTS devices to enhance power system flexibility, control voltage fluctuations, and increase transmission capacity is also contributing to the market expansion, especially in regions experiencing high electricity demand and grid congestion issues.
Various governments around the world have implemented policies to promote the adoption and growth of the Global Flexible AC Transmission System (FACTS) market. These policies focus on incentivizing investments in renewable energy sources such as wind and solar power, as FACTS technology plays a crucial role in enhancing the efficiency and reliability of power transmission from these sources. Governments have also introduced regulations to modernize and upgrade existing power infrastructure, encouraging the deployment of FACTS solutions to improve grid stability and reduce transmission losses. Additionally, initiatives promoting the development of smart grids and increasing grid connectivity have further supported the expansion of the FACTS market globally. Overall, government policies aim to accelerate the transition towards a more sustainable and resilient energy system by leveraging FACTS technology.
The Global Flexible AC Transmission System (FACTS) Market is expected to witness significant growth in the coming years due to the increasing demand for reliable and efficient power transmission infrastructure. Factors such as the growing focus on renewable energy integration, grid modernization initiatives, and the need for improved grid stability and power quality are driving the adoption of FACTS technologies worldwide. Additionally, the rise in electricity consumption, particularly in developing regions, is further propelling the market growth. Market players are investing in research and development activities to introduce advanced FACTS solutions that offer enhanced grid performance and operational efficiency. Overall, the Global FACTS Market is poised for expansion, with a projected CAGR of around 6% over the forecast period.
In the Global Flexible AC Transmission System (FACTS) market, Asia is expected to witness significant growth driven by increasing demand for electricity, rapid industrialization, and government initiatives to improve grid infrastructure in countries like China and India. North America is projected to experience steady growth due to ongoing investments in smart grid technologies and renewable energy integration. Europe is focusing on modernizing its grid infrastructure to accommodate renewable energy sources, leading to a rising adoption of FACTS solutions. The Middle East and Africa region is anticipated to witness moderate growth, driven by infrastructure development and increasing electricity demand. Latin America is also expected to show growth opportunities as countries like Brazil and Mexico invest in enhancing their power transmission systems with advanced FACTS technologies.
Global Flexible AC Transmission System Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Flexible AC Transmission System Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Flexible AC Transmission System Market Revenues & Volume, 2021 & 2031F |
3.3 Global Flexible AC Transmission System Market - Industry Life Cycle |
3.4 Global Flexible AC Transmission System Market - Porter's Five Forces |
3.5 Global Flexible AC Transmission System Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Flexible AC Transmission System Market Revenues & Volume Share, By Component Type, 2021 & 2031F |
3.7 Global Flexible AC Transmission System Market Revenues & Volume Share, By Voltage Level, 2021 & 2031F |
3.8 Global Flexible AC Transmission System Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Global Flexible AC Transmission System Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.10 Global Flexible AC Transmission System Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Global Flexible AC Transmission System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Flexible AC Transmission System Market Trends |
6 Global Flexible AC Transmission System Market, 2021 - 2031 |
6.1 Global Flexible AC Transmission System Market, Revenues & Volume, By Component Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Flexible AC Transmission System Market, Revenues & Volume, By FACTS (Flexible AC Transmission Systems), 2021 - 2031 |
6.1.3 Global Flexible AC Transmission System Market, Revenues & Volume, By HVDC (High Voltage Direct Current), 2021 - 2031 |
6.1.4 Global Flexible AC Transmission System Market, Revenues & Volume, By Reactive Power Compensation, 2021 - 2031 |
6.1.5 Global Flexible AC Transmission System Market, Revenues & Volume, By Voltage Stability Equipment, 2021 - 2031 |
6.2 Global Flexible AC Transmission System Market, Revenues & Volume, By Voltage Level, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Flexible AC Transmission System Market, Revenues & Volume, By High Voltage, 2021 - 2031 |
6.2.3 Global Flexible AC Transmission System Market, Revenues & Volume, By Medium Voltage, 2021 - 2031 |
6.2.4 Global Flexible AC Transmission System Market, Revenues & Volume, By Low Voltage, 2021 - 2031 |
6.2.5 Global Flexible AC Transmission System Market, Revenues & Volume, By Extra High Voltage, 2021 - 2031 |
6.3 Global Flexible AC Transmission System Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Flexible AC Transmission System Market, Revenues & Volume, By Grid Stability, 2021 - 2031 |
6.3.3 Global Flexible AC Transmission System Market, Revenues & Volume, By Voltage Control, 2021 - 2031 |
6.3.4 Global Flexible AC Transmission System Market, Revenues & Volume, By Power Flow Control, 2021 - 2031 |
6.3.5 Global Flexible AC Transmission System Market, Revenues & Volume, By Transmission Line Enhancement, 2021 - 2031 |
6.4 Global Flexible AC Transmission System Market, Revenues & Volume, By End User, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Flexible AC Transmission System Market, Revenues & Volume, By Power Utilities, 2021 - 2031 |
6.4.3 Global Flexible AC Transmission System Market, Revenues & Volume, By Renewable Energy Operators, 2021 - 2031 |
6.4.4 Global Flexible AC Transmission System Market, Revenues & Volume, By Industrial Plants, 2021 - 2031 |
6.4.5 Global Flexible AC Transmission System Market, Revenues & Volume, By Smart Grid Operators, 2021 - 2031 |
6.5 Global Flexible AC Transmission System Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Flexible AC Transmission System Market, Revenues & Volume, By SVC, 2021 - 2031 |
6.5.3 Global Flexible AC Transmission System Market, Revenues & Volume, By TCSC, 2021 - 2031 |
6.5.4 Global Flexible AC Transmission System Market, Revenues & Volume, By STATCOM, 2021 - 2031 |
6.5.5 Global Flexible AC Transmission System Market, Revenues & Volume, By D-FACTS, 2021 - 2031 |
7 North America Flexible AC Transmission System Market, Overview & Analysis |
7.1 North America Flexible AC Transmission System Market Revenues & Volume, 2021 - 2031 |
7.2 North America Flexible AC Transmission System Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Flexible AC Transmission System Market, Revenues & Volume, By Component Type, 2021 - 2031 |
7.4 North America Flexible AC Transmission System Market, Revenues & Volume, By Voltage Level, 2021 - 2031 |
7.5 North America Flexible AC Transmission System Market, Revenues & Volume, By Application, 2021 - 2031 |
7.6 North America Flexible AC Transmission System Market, Revenues & Volume, By End User, 2021 - 2031 |
7.7 North America Flexible AC Transmission System Market, Revenues & Volume, By Technology, 2021 - 2031 |
8 Latin America (LATAM) Flexible AC Transmission System Market, Overview & Analysis |
8.1 Latin America (LATAM) Flexible AC Transmission System Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Flexible AC Transmission System Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Flexible AC Transmission System Market, Revenues & Volume, By Component Type, 2021 - 2031 |
8.4 Latin America (LATAM) Flexible AC Transmission System Market, Revenues & Volume, By Voltage Level, 2021 - 2031 |
8.5 Latin America (LATAM) Flexible AC Transmission System Market, Revenues & Volume, By Application, 2021 - 2031 |
8.6 Latin America (LATAM) Flexible AC Transmission System Market, Revenues & Volume, By End User, 2021 - 2031 |
8.7 Latin America (LATAM) Flexible AC Transmission System Market, Revenues & Volume, By Technology, 2021 - 2031 |
9 Asia Flexible AC Transmission System Market, Overview & Analysis |
9.1 Asia Flexible AC Transmission System Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Flexible AC Transmission System Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Flexible AC Transmission System Market, Revenues & Volume, By Component Type, 2021 - 2031 |
9.4 Asia Flexible AC Transmission System Market, Revenues & Volume, By Voltage Level, 2021 - 2031 |
9.5 Asia Flexible AC Transmission System Market, Revenues & Volume, By Application, 2021 - 2031 |
9.6 Asia Flexible AC Transmission System Market, Revenues & Volume, By End User, 2021 - 2031 |
9.7 Asia Flexible AC Transmission System Market, Revenues & Volume, By Technology, 2021 - 2031 |
10 Africa Flexible AC Transmission System Market, Overview & Analysis |
10.1 Africa Flexible AC Transmission System Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Flexible AC Transmission System Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Flexible AC Transmission System Market, Revenues & Volume, By Component Type, 2021 - 2031 |
10.4 Africa Flexible AC Transmission System Market, Revenues & Volume, By Voltage Level, 2021 - 2031 |
10.5 Africa Flexible AC Transmission System Market, Revenues & Volume, By Application, 2021 - 2031 |
10.6 Africa Flexible AC Transmission System Market, Revenues & Volume, By End User, 2021 - 2031 |
10.7 Africa Flexible AC Transmission System Market, Revenues & Volume, By Technology, 2021 - 2031 |
11 Europe Flexible AC Transmission System Market, Overview & Analysis |
11.1 Europe Flexible AC Transmission System Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Flexible AC Transmission System Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Flexible AC Transmission System Market, Revenues & Volume, By Component Type, 2021 - 2031 |
11.4 Europe Flexible AC Transmission System Market, Revenues & Volume, By Voltage Level, 2021 - 2031 |
11.5 Europe Flexible AC Transmission System Market, Revenues & Volume, By Application, 2021 - 2031 |
11.6 Europe Flexible AC Transmission System Market, Revenues & Volume, By End User, 2021 - 2031 |
11.7 Europe Flexible AC Transmission System Market, Revenues & Volume, By Technology, 2021 - 2031 |
12 Middle East Flexible AC Transmission System Market, Overview & Analysis |
12.1 Middle East Flexible AC Transmission System Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Flexible AC Transmission System Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Flexible AC Transmission System Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Flexible AC Transmission System Market, Revenues & Volume, By Component Type, 2021 - 2031 |
12.4 Middle East Flexible AC Transmission System Market, Revenues & Volume, By Voltage Level, 2021 - 2031 |
12.5 Middle East Flexible AC Transmission System Market, Revenues & Volume, By Application, 2021 - 2031 |
12.6 Middle East Flexible AC Transmission System Market, Revenues & Volume, By End User, 2021 - 2031 |
12.7 Middle East Flexible AC Transmission System Market, Revenues & Volume, By Technology, 2021 - 2031 |
13 Global Flexible AC Transmission System Market Key Performance Indicators |
14 Global Flexible AC Transmission System Market - Export/Import By Countries Assessment |
15 Global Flexible AC Transmission System Market - Opportunity Assessment |
15.1 Global Flexible AC Transmission System Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Flexible AC Transmission System Market Opportunity Assessment, By Component Type, 2021 & 2031F |
15.3 Global Flexible AC Transmission System Market Opportunity Assessment, By Voltage Level, 2021 & 2031F |
15.4 Global Flexible AC Transmission System Market Opportunity Assessment, By Application, 2021 & 2031F |
15.5 Global Flexible AC Transmission System Market Opportunity Assessment, By End User, 2021 & 2031F |
15.6 Global Flexible AC Transmission System Market Opportunity Assessment, By Technology, 2021 & 2031F |
16 Global Flexible AC Transmission System Market - Competitive Landscape |
16.1 Global Flexible AC Transmission System Market Revenue Share, By Companies, 2024 |
16.2 Global Flexible AC Transmission System Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |