Global Flexible AC Transmission System (FACTS) Market Outlook Through 2023-2032
The Business Research Company’s Flexible AC Transmission System (FACTS) Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Flexible AC Transmission System (FACTS) Global Market Report 2023 evaluates flexible AC transmission system (FACTS) market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
North America was the largest region in the flexible AC transmission systems (FACTS) market in 2022.
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The global flexible AC transmission system (FACTS) market is expected to grow from $1.32 billion in 2022 to $1.39 billion in 2023 at a compound annual growth rate (CAGR) of 5.84%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global flexible AC transmission systems market size is expected to reach $1.77 billion in 2027 at a CAGR of 6.16%.
The flexible AC transmission system (FACTS) market segments in the report are:
By Product:
Static Synchronous Compensator (STATCOM)
Static Var Compensator (SVC)
Unified Power Flow Controllers (UPFC)
Thyristor Controlled Series Compensator (TCSC)
By Compensation Type:
Shunt Compensation
Series Compensation
Combined Series-Shunt Compensation
By Functionality:
Voltage Control
Network Stabilization
Transmission Capacity
By Application:
Utilities
Renewables
Industrial
Railways
Other Applications
Top Major Companies
Mitsubishi Electric Corporation
CG Power And Industrial Solutions
Get More Information On The Flexible AC Transmission System (FACTS) Market Report:
The table of contents in TBRC’s flexible AC transmission system (FACTS) market report includes:
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Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Compensation Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Flexible AC Transmission System (FACTS) Market, Segmentation By Functionality, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 47: ABB Ltd. Financial Performance
Table 48: Adani Power Limited Financial Performance
Table 49: Alstom SA Financial Performance
Table 50: Mitsubishi Electric Corporation Financial Performance
Table 51: CG Power And Industrial Solutions Financial Performance
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