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彈性交流供電系統(FACTS)的全球市場-成長，未來展望，競爭分析(2022年～2030年)
市場調查報告書
商品編碼
1133527

彈性交流供電系統(FACTS)的全球市場-成長，未來展望，競爭分析(2022年～2030年)

Flexible AC Transmission Systems (FACTS) Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
出版日期: | 出版商: Acute Market Reports | 英文 119 Pages | 商品交期: 最快1-2個工作天內

價格

全球彈性交流供電系統(FACTS)的市場規模，預計從2022年到2030年的預測期間內以8.5％的年複合成長率成長。石油、天然氣，鐵路，電力等的產業上電力系統的控制的必要性高漲，迅速的電壓調整需求高漲，能源供給增加，預計成為彈性交流供電系統市場成長的主要原因。

本報告提供全球彈性交流供電系統(FACTS)市場相關調查分析，供應商務展望，市場動態，市場分析，企業簡介等系統性資訊。

目錄

第1章 序文

  • 報告的說明
    • 報告的目的
    • 目標受眾
    • 主要的產品
  • 市場區隔
  • 調查手法
    • 階段Ⅰ-2次調查
    • 階段Ⅱ-1次調查
    • 階段Ⅲ-專家的審查
    • 假設
    • 所採用的方法

第2章 摘要整理

  • 市場概述:全球彈性交流供電系統(FACTS)市場
  • 全球彈性交流供電系統(FACTS)(100萬美元)(2021年):各組成類別
  • 全球彈性交流供電系統(FACTS)(100萬美元)(2021年):各產品
  • 全球彈性交流供電系統(FACTS)(100萬美元)(2021年):各電壓
  • 全球彈性交流供電系統(FACTS)(100萬美元)(2021年):各用途
  • 全球彈性交流供電系統(FACTS)(100萬美元)(2021年):各最終用途
  • 全球彈性交流供電系統(FACTS)(100萬美元)(2021年):各地區
  • COVID-19影響
  • 富有魅力的投資提案(2021年):各地區
  • 競爭分析
    • 主要的彈性交流供電系統(FACTS)市場供應商的市場定位
    • 彈性交流供電系統(FACTS)市場供應商採用的策略
    • 主要的產業策略

第3章 彈性交流供電系統(FACTS)市場:商務展望和市場動態

  • 簡介
  • 全球彈性交流供電系統(FACTS)的市場金額(100萬美元)(2020年～2030年)
  • 市場動態
    • 推動市場要素
    • 阻礙市場要素
    • 主要課題
    • 主要的機會
  • 促進因素與阻礙因素的影響分析
  • See-Saw分析
  • 波特的五力分析
    • 供應商的力量
    • 買主的力量
    • 替代品的威脅
    • 新加入業者的威脅
    • 競爭企業間的敵對關係
  • PESTEL分析
    • 政治
    • 經濟
    • 技術性
    • 法律
    • 社會

第4章 彈性交流供電系統(FACTS)市場:美金(100萬)(2020年～2030年):各組成類別

  • 市場概要
  • 成長和收益分析:2021年和2030年的比較
  • 市場區隔
    • 串聯
    • 分流術
    • 複合

第5章 彈性交流供電系統(FACTS)市場:美金(100萬)(2020年～2030年):各產品

  • 市場概要
  • 成長和收益分析:2021年和2030年的比較
  • 市場區隔
    • 靜態無效補償設備(SVC)
    • 閘流體控制串聯電容器(TCSC)
    • 靜態同步補償器(STATCOM)
    • 整合電力流通量控制器(UPFC)

第6章 彈性交流供電系統(FACTS)市場:美金(100萬)(2020年～2030年):各電壓

  • 市場概要
  • 成長和收益分析:2021年和2030年的比較
  • 市場區隔
    • 132kv～220kv
    • 220kv～660 kV
    • 660kv以上

第7章 彈性交流供電系統(FACTS)市場:美金(100萬)(2020年～2030年):各用途

  • 市場概要
  • 成長和收益分析:2021年和2030年的比較
  • 市場區隔
    • 穩定狀態
    • 動態
    • 其他

第8章 彈性交流供電系統(FACTS)市場:美金(100萬)(2020年～2030年):各最終用途

  • 市場概要
  • 成長和收益分析:2021年和2030年的比較
  • 市場區隔
    • 公共產業
    • 再生能源
    • 智慧電網
    • 鐵路
    • 金屬及礦業
    • 石油天然氣
    • 其他

第9章 北美的彈性交流供電系統(FACTS)市場:美金(100萬)(2020年～2030年)

第10章 英國及歐洲聯盟的彈性交流供電系統(FACTS)市場:美金(100萬)(2020年～2030年)

第11章 亞太地區的彈性交流供電系統(FACTS)市場:美金(100萬)(2020年～2030年)

第12章 南美的彈性交流供電系統(FACTS)市場:美金(100萬)(2020年～2030年)

第13章 中東及非洲的彈性交流供電系統(FACTS)市場:美金(100萬)(2020年～2030年)

第14章 企業簡介

  • ABB
  • Adani Group
  • Alstom
  • cgglobal.com
  • Eaton
  • General Electric
  • HYOSUNG
  • Mitsubishi Electric Corporation
  • NR Electric Co., Ltd.
  • Siemens
Product Code: 139371-10-22

The global flexible AC transmission systems market (FACTS) is expected to grow at a CAGR of 8.5% during the forecast period of 2022 to 2030. The expanding benefits that FACTS have to offer, the expansion of transmission lines, the growing emphasis on energy generation through the use of renewable sources, and the rising demand for STATCOM devices to manage voltage are all factors that are driving the growth of the market for FACTS. In addition, prospects for FACTS producers can be found in the growing investments in transmission networks as well as in potential opportunities in APAC. The use of a flexible AC transmission system can boost system stability, provide dynamic reactive power assistance, and control both real and reactive power. This guarantees that the machine operates effectively and improves the use of the system. Due to the advancement of electric power transmission systems across developed and emerging areas, including North America, Europe, and Asia-Pacific, the global market for flexible AC transmission systems is anticipated to experience a considerable growth rate in the coming years. Demand for flexible AC transmission systems is being fuelled by an increase in the need for controllability of power systems in industries such as oil and gas, railways, and electric utility. This demand is helping to drive the global market.

Integration Of Increasing Amounts of Renewable Energy Sources into Power Grids

The generation of electricity from renewable sources such as wind, hydro, and solar is seeing an increase in global attention as countries work to meet their carbon emission reduction goals. In order to satisfy the expanding requirement for electrical power in developed regions such as the Americas and Europe, there is a developing requirement for improved power transfer capabilities on the transmission lines that are already in place. It is necessary to make changes to the way power is generated in order to ensure that it is generated in a manner that is clean, sustainable, and kind to the environment. In order to preserve the system's stability, as well as the quality and dependability of the power supply, FACTS are being utilised in the process of integrating renewable energy sources into transmission networks.

The shift to clean energy is happening at a quick rate as a direct result of governments all over the world announcing their targets for the reduction of emissions and the neutralisation of carbon. The global energy shift is being driven in large part by a number of variables, one of the most important of which is the falling cost of distributed energy resources (DERs). The World Energy Transition Outlook 2022 published by IRENA indicates that the global energy transition is a long way from being on the right track. To achieve the worldwide goals, renewable energy sources would need to experience a huge expansion across all industry categories, rising from their current share of 14% of total energy to around 40% of total energy in 2030. According to the projections made by the Intergovernmental Panel on Climate Change, the global annual additions of renewable electricity will triple by the year 2030. (IPCC). The aggressive climate targets that were declared at COP 26 are likely to be the driving force behind the acceleration in the expansion of renewable capacity over the following five years. This acceleration will account for over 95% of the increase in global power capacity through 2026. When compared to the levels in 2020, the stock of renewable electricity had expanded by 9.1% by the end of 2021, with solar and wind capacity additions accounting for the majority of the total renewable capacity growth. All of the major regions of the world have seen an increase in the number of new solar capacity installations, which has now surpassed the total wind energy capacity worldwide. Wind farm installations continued to grow in 2021, but at a slower rate than in the previous year (+93 GW compared to +111 GW). It is anticipated that the capacity of renewable electricity sources will expand by more than 60 % between the years 2020 and 2026, reaching more than 4800 GW. This is equivalent to the total power capacity that the world's fossil fuels and nuclear power plants currently have. The expansion of the use of renewable energy sources and the integration of those sources into the grid would make it considerably more challenging to maintain the grid's stability and reliability. Because FACTS provide the optimal answer, it is anticipated that demand for FACTS will continue to be strong in the years to come.

Development In Power Transmission Systems and The Controllability of Power Systems.

The global market for flexible AC transmission systems is expected to experience a remarkable expansion in the coming years as a result of an increase in the demand for advanced controllability of energy systems as well as an increase in investments made toward the development of power transmission systems. It is anticipated that these factors would drive demand for FACTS devices because these devices play an important part in the support of reactive power and contribute to the stability of the system. Additionally, FACTS transmission solutions can support fulfilling the rising global demand for transmission systems to transfer, accommodate, and carry bulk electrical energy. This demand is anticipated to propel the growth of the market in the review time period. FACTS transmission solutions can help to fulfil this demand. It is anticipated that the minimization of harmonics, rapid voltage regulation, increased energy supply, and rapid amortisation will be the primary drivers of market growth for flexible AC transmission systems over the time period of the prediction.

Development of Improved Methods for the Transmission of Electric Power

The deterioration of the transmission and other networks that make up the power system over time causes significant amounts of power loss and reduces the system's overall usability. The demand for flexible AC transmission systems is being driven by an increase in the demand for electrification across both industrialised and emerging nations.

Need for High Initial Investments Limiting the FACTS Applications

The significant increase in capital expenditures that must be made in order to implement flexible AC transmission systems is one of the primary factors that are restraining the expansion of the market. The relatively large initial cost commitment that FACTS requires in comparison to its competitors serves as a barrier to its widespread implementation around the world. However, when the cost is evaluated in comparison to the anticipated benefits, the financial benefits and return on investment far outweigh the initial investment cost. Some examples of these benefits and returns include additional annual sales as a result of increased power transfer capacity provided by FACTS. The effect of this constraint is now minimal, but it is anticipated that it will become less of a factor in the coming years as FACTS devices continue to shrink in size and become less expensive. Additionally, manufacturers are experiencing challenges with the large-scale installation of FACTS devices, which is expected to be a factor that impedes the expansion of the market in the foreseeable future. It is anticipated that the growing demand for renewable energy sources would present important opportunities for financial investment in the expansion of the flexible AC transmission system industry.

Limitations In Terms of Both Size and Communication

In comparison to their conventional equivalents, FACTS devices provide a greater number of advantages. These advantages include higher stability, high dependability, high power quality, benefits to the environment, more flexibility, and economical advantages. However, in order to achieve a successful rollout of FACTS devices on a broad scale, a number of challenges must first be overcome and resolved. The correct size and configuration of FACTS devices play an essential part in determining the total cost of the device. This is because the size of FACTS is directly linked to the cost of the whole system as well as the performance qualities that are required by the user.

Series Controller Units is Expected to Offer Significant Opportunities During the Forecast Period

A compound annual growth rate (CAGR) of around 6% is anticipated for series controller units during the forecast period of 2022 to 2030. Increasing transmission capacity, decreased installation time, and enhanced system stability is the primary factors that are driving growth in the series FACTS market. In addition, the trend among consumers toward a safer living environment, in conjunction with the extended life expectancy of energy infrastructure, will further stimulate the industry outlook. This predominance is primarily attributable to the extensive use of the series compensation type to improve the power transfer capabilities of both new transmission lines and existing infrastructure. In addition, cutting-edge series compensation systems have the potential to make a significant contribution to the enhancement of the quality and stability of energy transmission lines. It is anticipated that the growth of the market will be fuelled in the foreseeable future by this factor.

The need for shunt systems is being driven in part by the fact that they have a lower cost of installation in comparison to their available equivalents, increased efficiency, and higher ratings across distribution circuits. These are just a few of the vital qualities. In addition, the absence of an efficient electric network across developing nations, along with a paradigm shift toward the renovation of existing infrastructure, has further contributed to the creation of a favourable business environment.

STATCOM Dominating the Product Segment

The static synchronous compensator (STATCOM) segment held the largest revenue share in 2021 due to the power factor and enhanced stability across utility systems. The capacity to provide capacitive reactive power during abnormal voltage drops and faults, together with a quicker response time that is contingent on thyristor firing, are the primary elements that are favouring the product's increased market share.

A favourable environment has been created for SVC units as a result of their capacity to control voltage variations, power oscillations, and resonance for unbalanced loads across the variable active or reactive supplies. The increasing integration of electric gadgets that are modern, energy efficient, reliable, and secure as well as fire resistant has further stimulated the growth of the flexible AC transmission systems market.

Market, By Voltage: 220KV to 660 kV units, Remains a Key Market

The incorporation of sustainable energy infrastructure has prompted utilities and installers to concentrate on refurbishing the existing electrical network. This is due to the fact that sustainable energy infrastructure will be required. For the purpose of withstanding the volatility across sustainable networks, conventional systems are currently undergoing development and improvement that is dependent on resonating frequencies and bandwidth. The growth of the overall industry will be boosted as a result of positive consumer and regulatory attitudes toward the implementation of renewable electricity networks.

The retrofitting of small-scale industrial platforms and large-scale commercial establishments across developing regions has provided a significant impetus for the growth of 220 kV to 660 kV units. In addition to this, suburban migration results in the development of big residential complexes and multi-story apartment buildings, which increases the market share of the product. The increasing reliance on huge sectors, such as industrial facilities and power generation, has further nourished the expansion of the FACTS market.

Market by Application, Dynamic Application to Witness Considerable Growth

An increase in thermal loading, regulation of power flow and loop flow, reduction in short circuit level, and post-contingency voltage management are the few essential elements that are positively affecting the growth of the FACTS controller across steady state applications. In addition, the worldwide FACTS market will benefit from rapid switching responsiveness, enhanced voltage stability, reduced losses, and increased dependability in power systems.

Because of their efficient adoption to give voltage control, transient stability enhancement, SSR elimination, and oscillation damping, the dynamic application market is expected to witness considerable growth during the forecast period. The current variations, imbalanced load, and harmonic volatility circumstances have been continuously preventing emerging nations' power grids from being sustainable and preventing such governments from realising revenue. Consequently, an increase in peak load demand in tandem with a shifting inclination toward an efficient grid network will further boost the adoption of technology.

Market by End Use: Transportation Industry Led the Market Revenues

Because utilities, government agencies, manufacturers, product suppliers, and other dealers of a similar nature depend heavily on the transportation industry for the shipment of their processed products, the transportation industry held a dominant revenue share in 2021. As a result, there has been a recent uptick in the need of maintaining a secure and dependable energy supply along these transport peripherals. In addition, rapid technological advancements as well as an industry shift towards the incorporation of electrically powered transportation units, yards, and premises will support the overall expansion of the business.

Installation of electrical networks has been favoured by the government and regulatory schemes, and these programmes have given preference to utility-assisted grid infrastructure. The potential of the business has been bolstered thanks to constructive government instructions about the electrification of rural areas and the implementation of decentralised microgrids in a variety of distant and isolated locations. In addition, the adoption of environmentally friendly electrical infrastructure in emerging regions will stimulate business dynamics, and this adoption will be positively influenced by investments made by local regulatory institutions and authorities, such as the world bank and other similar financial organisations.

The oil and gas industry vertical accounted for the second position in the global flexible AC transmission market share in 2021. This industry vertical is anticipated to rise at the highest CAGR of 8% throughout the forecast period of 2022 to 2030. It is anticipated that an increase in the employment of FACTS devices to maintain voltages during conditions of variable load will fuel the expansion of the market in the foreseeable future. The adoption of FACTS in the oil and gas industry for the purpose of voltage stabilisation is being driven in part by the fact that these systems are not only highly advanced but also save both time and money when it comes to the process of keeping the power consistent. It is anticipated that this factor will be a primary driver of market expansion during the next few years.

Europe Dominated the Global Share

Europe registered the largest revenue share in 2021. The demand for energy in European countries is increasing as a result of both the higher levels of industrial production and the growing populations in such countries. As a direct consequence of this, FACTS is expanding throughout this region. In addition, government rules in Europe concerning carbon-free power transmission and grid coding are anticipated to be a primary driver of the FACTS market in this region. The United Kingdom is one of the most significant buyers of FACTS devices in all of Europe. The increasing demand for power, in conjunction with the rapid improvement of technology, necessitates the installation of a reliable electrical grid system. This, in turn, fuels the expansion of the FACTS market in the UK. In addition, the second version of the FACTS device, known as STATCOM, is mostly used in the United Kingdom by a variety of businesses because of the several advantages it offers, including cost-effectiveness and voltage regulation.

By the year 2025, it is anticipated that the U.S. FACTS market will exceed U.S. $ 268 million USD. The situation in the sector has improved as a result of an increase in demand brought about by an increase in the flow of funds toward the development of a long-distance grid network and the restoration of local electric infrastructure.

The Asia-Pacific flexible AC transmission system market is expected to register the highest CAGR during the forecast period, thanks to an increase in government expenditure to build smart grids and an increase in investment on electricity generation by renewable energy resources. This is expected to make the Asia-Pacific flexible AC transmission system market the market with the highest revenue by the end of the forecast period. In addition, there has been an increase in investments in high-speed trains coming from developing countries such as China, India, and Japan, which is anticipated to offer attractive potential for market expansion.

Market Largely Dominated by Big Players

ABB, Adani Group, Alstom, cgglobal.com, Eaton, General Electric, HYOSUNG, Mitsubishi Electric Corporation, NR Electric Co., Ltd., and Siemens are some of the key participants in the global flexible AC transmission system market that have seen the most significant market presence and share. In order to strengthen their position as market leaders in the global flexible AC transmission system industry, these major players are focusing their attention on both organic and inorganic growth strategies, such as product development and mergers and acquisitions.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Flexible AC Transmission Systems (FACTS) market are as follows:

Research and development budgets of manufacturers and government spending

Revenues of key companies in the market segment

Number of end users and consumption volume, price and value.

Geographical revenues generate by countries considered in the report

Micro and macro environment factors that are currently influencing the Flexible AC Transmission Systems (FACTS) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS

Research Period 2020-2030

Base Year 2021

Forecast Period 2022-2030

Historical Year 2020

Unit USD Million

Segmentation

Configuration

Series

Shunt

Combined

Product

Static Var Compensator (SVC)

Thyristor Controlled Series Capacitor (TCSC)

Static Synchronous Compensator (STATCOM)

Unified Power Flow Controller (UPFC)

Voltage

132 kV to 220 kV

> 220 kV to 660 kV

> 660 kV

Application

Steady state

Congestion management

ATC improvement

Reactive power and voltage control

Loading margin improvement

Power flow balancing and control

Dynamic

Transient stability enhancement

Oscillation damping

Dynamic voltage control

SSR elimination

Power system interconnection

Others

End Use

Utilities

Renewables

Wind

Onshore

Offshore

Solar

Smart grid

Railways

Metal & mining industries

Oil & gas

Others

Region Segment (2020-2030; US$ Million)

North America

U.S.

Canada

Rest of North America

UK and European Union

UK

Germany

Spain

Italy

France

Rest of Europe

Asia Pacific

China

Japan

India

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East and Africa

GCC

Africa

Rest of Middle East and Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Million )

Pre Covid-19 situation

Post Covid-19 situation

Key questions answered in this report

What are the key micro and macro environmental factors that are impacting the growth of Flexible AC Transmission Systems (FACTS) market?

What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?

Estimated forecast and market projections up to 2030.

Which segment accounts for the fastest CAGR during the forecast period?

Which market segment holds a larger market share and why?

Are low and middle-income economies investing in the Flexible AC Transmission Systems (FACTS) market?

Which is the largest regional market for Flexible AC Transmission Systems (FACTS) market?

What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

Which are the key trends driving Flexible AC Transmission Systems (FACTS) market growth?

Who are the key competitors and what are their key strategies to enhance their market presence in the Flexible AC Transmission Systems (FACTS) market worldwide?

Table of Contents

1. Preface

  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. Target Audience
    • 1.1.3. Key Offerings
  • 1.2. Market Segmentation
  • 1.3. Research Methodology
    • 1.3.1. Phase I - Secondary Research
    • 1.3.2. Phase II - Primary Research
    • 1.3.3. Phase III - Expert Panel Review
    • 1.3.4. Assumptions
    • 1.3.5. Approach Adopted

2. Executive Summary

  • 2.1. Market Snapshot: Global Flexible AC Transmission Systems (FACTS) Market
  • 2.2. Global Flexible AC Transmission Systems (FACTS) Market, By Configuration, 2021 (US$ Million)
  • 2.3. Global Flexible AC Transmission Systems (FACTS) Market, By Product, 2021 (US$ Million)
  • 2.4. Global Flexible AC Transmission Systems (FACTS) Market, By Voltage, 2021 (US$ Million)
  • 2.5. Global Flexible AC Transmission Systems (FACTS) Market, By Application, 2021 (US$ Million)
  • 2.6. Global Flexible AC Transmission Systems (FACTS) Market, By End Use, 2021 (US$ Million)
  • 2.7. Global Flexible AC Transmission Systems (FACTS) Market, By Geography, 2021 (US$ Million)
  • 2.8. Impact of Covid 19
  • 2.9. Attractive Investment Proposition by Geography, 2021
  • 2.10. Competitive Analysis
    • 2.10.1. Market Positioning of Key Flexible AC Transmission Systems (FACTS) Market Vendors
    • 2.10.2. Strategies Adopted by Flexible AC Transmission Systems (FACTS) Market Vendors
    • 2.10.3. Key Industry Strategies

3. Flexible AC Transmission Systems (FACTS) Market: Business Outlook & Market Dynamics

  • 3.1. Introduction
  • 3.2. Global Flexible AC Transmission Systems (FACTS) Market Value, 2020 - 2030, (US$ Million)
  • 3.3. Market Dynamics
    • 3.3.1. Market Drivers
    • 3.3.2. Market Restraints
    • 3.3.3. Key Challenges
    • 3.3.4. Key Opportunities
  • 3.4. Impact Analysis of Drivers and Restraints
  • 3.5. See-Saw Analysis
  • 3.6. Porter's Five Force Model
    • 3.6.1. Supplier Power
    • 3.6.2. Buyer Power
    • 3.6.3. Threat Of Substitutes
    • 3.6.4. Threat Of New Entrants
    • 3.6.5. Competitive Rivalry
  • 3.7. PESTEL Analysis
    • 3.7.1. Political Landscape
    • 3.7.2. Economic Landscape
    • 3.7.3. Technology Landscape
    • 3.7.4. Legal Landscape
    • 3.7.5. Social Landscape

4. Flexible AC Transmission Systems (FACTS) Market: By Configuration, 2020-2030, USD (Million)

  • 4.1. Market Overview
  • 4.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 4.3. Market Segmentation
    • 4.3.1. Series
    • 4.3.2. Shunt
    • 4.3.3. Combined

5. Flexible AC Transmission Systems (FACTS) Market: By Product, 2020-2030, USD (Million)

  • 5.1. Market Overview
  • 5.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 5.3. Market Segmentation
    • 5.3.1. Static Var Compensator (SVC)
    • 5.3.2. Thyristor Controlled Series Capacitor (TCSC)
    • 5.3.3. Static Synchronous Compensator (STATCOM)
    • 5.3.4. Unified Power Flow Controller (UPFC)

6. Flexible AC Transmission Systems (FACTS) Market: By Voltage, 2020-2030, USD (Million)

  • 6.1. Market Overview
  • 6.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 6.3. Market Segmentation
    • 6.3.1. 132 kV to 220 kV
    • 6.3.2. > 220 kV to 660 kV
    • 6.3.3. > 660 kV

7. Flexible AC Transmission Systems (FACTS) Market: By Application, 2020-2030, USD (Million)

  • 7.1. Market Overview
  • 7.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 7.3. Market Segmentation
    • 7.3.1. Steady state
      • 7.3.1.1. Congestion management
      • 7.3.1.2. ATC improvement
      • 7.3.1.3. Reactive power and voltage control
      • 7.3.1.4. Loading margin improvement
      • 7.3.1.5. Power flow balancing and control
    • 7.3.2. Dynamic
      • 7.3.2.1. Transient stability enhancement
      • 7.3.2.2. Oscillation damping
      • 7.3.2.3. Dynamic voltage control
      • 7.3.2.4. SSR elimination
      • 7.3.2.5. Power system interconnection
    • 7.3.3. Others

8. Flexible AC Transmission Systems (FACTS) Market: By End Use, 2020-2030, USD (Million)

  • 8.1. Market Overview
  • 8.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 8.3. Market Segmentation
    • 8.3.1. Utilities
    • 8.3.2. Renewables
      • 8.3.2.1. Wind
        • 8.3.2.1.1. Onshore
        • 8.3.2.1.2. Offshore
      • 8.3.2.2. Solar
    • 8.3.3. Smart grid
    • 8.3.4. Railways
    • 8.3.5. Metal & mining industries
    • 8.3.6. Oil & gas
    • 8.3.7. Others

9. North America Flexible AC Transmission Systems (FACTS) Market, 2020-2030, USD (Million)

  • 9.1. Market Overview
  • 9.2. Flexible AC Transmission Systems (FACTS) Market: By Configuration, 2020-2030, USD (Million)
  • 9.3. Flexible AC Transmission Systems (FACTS) Market: By Product, 2020-2030, USD (Million)
  • 9.4. Flexible AC Transmission Systems (FACTS) Market: By Voltage, 2020-2030, USD (Million)
  • 9.5. Flexible AC Transmission Systems (FACTS) Market: By Application, 2020-2030, USD (Million)
  • 9.6. Flexible AC Transmission Systems (FACTS) Market: By End Use, 2020-2030, USD (Million)
  • 9.7.Flexible AC Transmission Systems (FACTS) Market: By Region, 2020-2030, USD (Million)
    • 9.7.1.North America
      • 9.7.1.1. U.S.
      • 9.7.1.2. Canada
      • 9.7.1.3. Rest of North America

10. UK and European Union Flexible AC Transmission Systems (FACTS) Market, 2020-2030, USD (Million)

  • 10.1. Market Overview
  • 10.2. Flexible AC Transmission Systems (FACTS) Market: By Configuration, 2020-2030, USD (Million)
  • 10.3. Flexible AC Transmission Systems (FACTS) Market: By Product, 2020-2030, USD (Million)
  • 10.4. Flexible AC Transmission Systems (FACTS) Market: By Voltage, 2020-2030, USD (Million)
  • 10.5. Flexible AC Transmission Systems (FACTS) Market: By Application, 2020-2030, USD (Million)
  • 10.6. Flexible AC Transmission Systems (FACTS) Market: By End Use, 2020-2030, USD (Million)
  • 10.7.Flexible AC Transmission Systems (FACTS) Market: By Region, 2020-2030, USD (Million)
    • 10.7.1.UK and European Union
      • 10.7.1.1. UK
      • 10.7.1.2. Germany
      • 10.7.1.3. Spain
      • 10.7.1.4. Italy
      • 10.7.1.5. France
      • 10.7.1.6. Rest of Europe

11. Asia Pacific Flexible AC Transmission Systems (FACTS) Market, 2020-2030, USD (Million)

  • 11.1. Market Overview
  • 11.2. Flexible AC Transmission Systems (FACTS) Market: By Configuration, 2020-2030, USD (Million)
  • 11.3. Flexible AC Transmission Systems (FACTS) Market: By Product, 2020-2030, USD (Million)
  • 11.4. Flexible AC Transmission Systems (FACTS) Market: By Voltage, 2020-2030, USD (Million)
  • 11.5. Flexible AC Transmission Systems (FACTS) Market: By Application, 2020-2030, USD (Million)
  • 11.6. Flexible AC Transmission Systems (FACTS) Market: By End Use, 2020-2030, USD (Million)
  • 11.7.Flexible AC Transmission Systems (FACTS) Market: By Region, 2020-2030, USD (Million)
    • 11.7.1.Asia Pacific
      • 11.7.1.1. China
      • 11.7.1.2. Japan
      • 11.7.1.3. India
      • 11.7.1.4. Australia
      • 11.7.1.5. South Korea
      • 11.7.1.6. Rest of Asia Pacific

12. Latin America Flexible AC Transmission Systems (FACTS) Market, 2020-2030, USD (Million)

  • 12.1. Market Overview
  • 12.2. Flexible AC Transmission Systems (FACTS) Market: By Configuration, 2020-2030, USD (Million)
  • 12.3. Flexible AC Transmission Systems (FACTS) Market: By Product, 2020-2030, USD (Million)
  • 12.4. Flexible AC Transmission Systems (FACTS) Market: By Voltage, 2020-2030, USD (Million)
  • 12.5. Flexible AC Transmission Systems (FACTS) Market: By Application, 2020-2030, USD (Million)
  • 12.6. Flexible AC Transmission Systems (FACTS) Market: By End Use, 2020-2030, USD (Million)
  • 12.7.Flexible AC Transmission Systems (FACTS) Market: By Region, 2020-2030, USD (Million)
    • 12.7.1.Latin America
      • 12.7.1.1. Brazil
      • 12.7.1.2. Mexico
      • 12.7.1.3. Rest of Latin America

13. Middle East and Africa Flexible AC Transmission Systems (FACTS) Market, 2020-2030, USD (Million)

  • 13.1. Market Overview
  • 13.2. Flexible AC Transmission Systems (FACTS) Market: By Configuration, 2020-2030, USD (Million)
  • 13.3. Flexible AC Transmission Systems (FACTS) Market: By Product, 2020-2030, USD (Million)
  • 13.4. Flexible AC Transmission Systems (FACTS) Market: By Voltage, 2020-2030, USD (Million)
  • 13.5. Flexible AC Transmission Systems (FACTS) Market: By Application, 2020-2030, USD (Million)
  • 13.6. Flexible AC Transmission Systems (FACTS) Market: By End Use, 2020-2030, USD (Million)
  • 13.7.Flexible AC Transmission Systems (FACTS) Market: By Region, 2020-2030, USD (Million)
    • 13.7.1.Middle East and Africa
      • 13.7.1.1. GCC
      • 13.7.1.2. Africa
      • 13.7.1.3. Rest of Middle East and Africa

14. Company Profile

  • 14.1. ABB
    • 14.1.1. Company Overview
    • 14.1.2. Financial Performance
    • 14.1.3. Product Portfolio
    • 14.1.4. Strategic Initiatives
  • 14.2. Adani Group
    • 14.2.1. Company Overview
    • 14.2.2. Financial Performance
    • 14.2.3. Product Portfolio
    • 14.2.4. Strategic Initiatives
  • 14.3. Alstom
    • 14.3.1. Company Overview
    • 14.3.2. Financial Performance
    • 14.3.3. Product Portfolio
    • 14.3.4. Strategic Initiatives
  • 14.4. cgglobal.com
    • 14.4.1. Company Overview
    • 14.4.2. Financial Performance
    • 14.4.3. Product Portfolio
    • 14.4.4. Strategic Initiatives
  • 14.5. Eaton
    • 14.5.1. Company Overview
    • 14.5.2. Financial Performance
    • 14.5.3. Product Portfolio
    • 14.5.4. Strategic Initiatives
  • 14.6. General Electric
    • 14.6.1. Company Overview
    • 14.6.2. Financial Performance
    • 14.6.3. Product Portfolio
    • 14.6.4. Strategic Initiatives
  • 14.7. HYOSUNG
    • 14.7.1. Company Overview
    • 14.7.2. Financial Performance
    • 14.7.3. Product Portfolio
    • 14.7.4. Strategic Initiatives
  • 14.8. Mitsubishi Electric Corporation
    • 14.8.1. Company Overview
    • 14.8.2. Financial Performance
    • 14.8.3. Product Portfolio
    • 14.8.4. Strategic Initiatives
  • 14.9. NR Electric Co., Ltd.
    • 14.9.1. Company Overview
    • 14.9.2. Financial Performance
    • 14.9.3. Product Portfolio
    • 14.9.4. Strategic Initiatives
  • 14.10. Siemens
    • 14.10.1. Company Overview
    • 14.10.2. Financial Performance
    • 14.10.3. Product Portfolio
    • 14.10.4. Strategic Initiatives

List of Tables

  • TABLE 1 Global Flexible AC Transmission Systems (FACTS) Market By Configuration, 2020-2030, USD (Million)
  • TABLE 2 Global Flexible AC Transmission Systems (FACTS) Market By Product, 2020-2030, USD (Million)
  • TABLE 3 Global Flexible AC Transmission Systems (FACTS) Market By Voltage, 2020-2030, USD (Million)
  • TABLE 4 Global Flexible AC Transmission Systems (FACTS) Market By Application, 2020-2030, USD (Million)
  • TABLE 5 Global Flexible AC Transmission Systems (FACTS) Market By Steady state, 2020-2030, USD (Million)
  • TABLE 6 Global Flexible AC Transmission Systems (FACTS) Market By Dynamic, 2020-2030, USD (Million)
  • TABLE 7 Global Flexible AC Transmission Systems (FACTS) Market By End Use, 2020-2030, USD (Million)
  • TABLE 8 Global Flexible AC Transmission Systems (FACTS) Market By Renewables, 2020-2030, USD (Million)
  • TABLE 9 Global Flexible AC Transmission Systems (FACTS) Market By Wind, 2020-2030, USD (Million)
  • TABLE 10 North America Flexible AC Transmission Systems (FACTS) Market By Configuration, 2020-2030, USD (Million)
  • TABLE 11 North America Flexible AC Transmission Systems (FACTS) Market By Product, 2020-2030, USD (Million)
  • TABLE 12 North America Flexible AC Transmission Systems (FACTS) Market By Voltage, 2020-2030, USD (Million)
  • TABLE 13 North America Flexible AC Transmission Systems (FACTS) Market By Application, 2020-2030, USD (Million)
  • TABLE 14 North America Flexible AC Transmission Systems (FACTS) Market By Steady state, 2020-2030, USD (Million)
  • TABLE 15 North America Flexible AC Transmission Systems (FACTS) Market By Dynamic, 2020-2030, USD (Million)
  • TABLE 16 North America Flexible AC Transmission Systems (FACTS) Market By End Use, 2020-2030, USD (Million)
  • TABLE 17 North America Flexible AC Transmission Systems (FACTS) Market By Renewables, 2020-2030, USD (Million)
  • TABLE 18 North America Flexible AC Transmission Systems (FACTS) Market By Wind, 2020-2030, USD (Million)
  • TABLE 19 UK and European Union Flexible AC Transmission Systems (FACTS) Market By Configuration, 2020-2030, USD (Million)
  • TABLE 20 UK and European Union Flexible AC Transmission Systems (FACTS) Market By Product, 2020-2030, USD (Million)
  • TABLE 21 UK and European Union Flexible AC Transmission Systems (FACTS) Market By Voltage, 2020-2030, USD (Million)
  • TABLE 22 UK and European Union Flexible AC Transmission Systems (FACTS) Market By Application, 2020-2030, USD (Million)
  • TABLE 23 UK and European Union Flexible AC Transmission Systems (FACTS) Market By Steady state, 2020-2030, USD (Million)
  • TABLE 24 UK and European Union Flexible AC Transmission Systems (FACTS) Market By Dynamic, 2020-2030, USD (Million)
  • TABLE 25 UK and European Union Flexible AC Transmission Systems (FACTS) Market By End Use, 2020-2030, USD (Million)
  • TABLE 26 UK and European Union Flexible AC Transmission Systems (FACTS) Market By Renewables, 2020-2030, USD (Million)
  • TABLE 27 UK and European Union Flexible AC Transmission Systems (FACTS) Market By Wind, 2020-2030, USD (Million)
  • TABLE 28 Asia Pacific Flexible AC Transmission Systems (FACTS) Market By Configuration, 2020-2030, USD (Million)
  • TABLE 29 Asia Pacific Flexible AC Transmission Systems (FACTS) Market By Product, 2020-2030, USD (Million)
  • TABLE 30 Asia Pacific Flexible AC Transmission Systems (FACTS) Market By Voltage, 2020-2030, USD (Million)
  • TABLE 31 Asia Pacific Flexible AC Transmission Systems (FACTS) Market By Application, 2020-2030, USD (Million)
  • TABLE 32 Asia Pacific Flexible AC Transmission Systems (FACTS) Market By Steady state, 2020-2030, USD (Million)
  • TABLE 33 Asia Pacific Flexible AC Transmission Systems (FACTS) Market By Dynamic, 2020-2030, USD (Million)
  • TABLE 34 Asia Pacific Flexible AC Transmission Systems (FACTS) Market By End Use, 2020-2030, USD (Million)
  • TABLE 35 Asia Pacific Flexible AC Transmission Systems (FACTS) Market By Renewables, 2020-2030, USD (Million)
  • TABLE 36 Asia Pacific Flexible AC Transmission Systems (FACTS) Market By Wind, 2020-2030, USD (Million)
  • TABLE 37 Latin America Flexible AC Transmission Systems (FACTS) Market By Configuration, 2020-2030, USD (Million)
  • TABLE 38 Latin America Flexible AC Transmission Systems (FACTS) Market By Product, 2020-2030, USD (Million)
  • TABLE 39 Latin America Flexible AC Transmission Systems (FACTS) Market By Voltage, 2020-2030, USD (Million)
  • TABLE 40 Latin America Flexible AC Transmission Systems (FACTS) Market By Application, 2020-2030, USD (Million)
  • TABLE 41 Latin America Flexible AC Transmission Systems (FACTS) Market By Steady state, 2020-2030, USD (Million)
  • TABLE 42 Latin America Flexible AC Transmission Systems (FACTS) Market By Dynamic, 2020-2030, USD (Million)
  • TABLE 43 Latin America Flexible AC Transmission Systems (FACTS) Market By End Use, 2020-2030, USD (Million)
  • TABLE 44 Latin America Flexible AC Transmission Systems (FACTS) Market By Renewables, 2020-2030, USD (Million)
  • TABLE 45 Latin America Flexible AC Transmission Systems (FACTS) Market By Wind, 2020-2030, USD (Million)
  • TABLE 46 Middle East and Africa Flexible AC Transmission Systems (FACTS) Market By Configuration, 2020-2030, USD (Million)
  • TABLE 47 Middle East and Africa Flexible AC Transmission Systems (FACTS) Market By Product, 2020-2030, USD (Million)
  • TABLE 48 Middle East and Africa Flexible AC Transmission Systems (FACTS) Market By Voltage, 2020-2030, USD (Million)
  • TABLE 49 Middle East and Africa Flexible AC Transmission Systems (FACTS) Market By Application, 2020-2030, USD (Million)
  • TABLE 50 Middle East and Africa Flexible AC Transmission Systems (FACTS) Market By Steady state, 2020-2030, USD (Million)
  • TABLE 51 Middle East and Africa Flexible AC Transmission Systems (FACTS) Market By Dynamic, 2020-2030, USD (Million)
  • TABLE 52 Middle East and Africa Flexible AC Transmission Systems (FACTS) Market By End Use, 2020-2030, USD (Million)
  • TABLE 53 Middle East and Africa Flexible AC Transmission Systems (FACTS) Market By Renewables, 2020-2030, USD (Million)
  • TABLE 54 Middle East and Africa Flexible AC Transmission Systems (FACTS) Market By Wind, 2020-2030, USD (Million)

List of Figures

  • FIG. 1 Global Flexible AC Transmission Systems (FACTS) Market: Market Coverage
  • FIG. 2 Research Methodology and Data Sources
  • FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
  • FIG. 4 Global Flexible AC Transmission Systems (FACTS) Market: Quality Assurance
  • FIG. 5 Global Flexible AC Transmission Systems (FACTS) Market, By Configuration, 2021
  • FIG. 6 Global Flexible AC Transmission Systems (FACTS) Market, By Product, 2021
  • FIG. 7 Global Flexible AC Transmission Systems (FACTS) Market, By Voltage, 2021
  • FIG. 8 Global Flexible AC Transmission Systems (FACTS) Market, By Application, 2021
  • FIG. 9 Global Flexible AC Transmission Systems (FACTS) Market, By End Use, 2021
  • FIG. 10 Global Flexible AC Transmission Systems (FACTS) Market, By Geography, 2021
  • FIG. 11 Global Flexible AC Transmission Systems (FACTS) Market, By Configuration, 2021 Vs 2030, %
  • FIG. 12 Global Flexible AC Transmission Systems (FACTS) Market, By Product, 2021 Vs 2030, %
  • FIG. 13 Global Flexible AC Transmission Systems (FACTS) Market, By Voltage, 2021 Vs 2030, %
  • FIG. 14 Global Flexible AC Transmission Systems (FACTS) Market, By Application, 2021 Vs 2030, %
  • FIG. 15 Global Flexible AC Transmission Systems (FACTS) Market, By End Use, 2021 Vs 2030, %
  • FIG. 16 U.S. Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 17 Canada Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 18 Rest of North America Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 19 UK Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 20 Germany Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 21 Spain Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 22 Italy Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 23 France Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 24 Rest of Europe Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 25 China Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 26 Japan Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 27 India Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 28 Australia Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 29 South Korea Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 30 Rest of Asia Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 31 Brazil Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 32 Mexico Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 33 Rest of Latin America Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 34 GCC Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 35 Africa Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030
  • FIG. 36 Rest of Middle East and Africa Flexible AC Transmission Systems (FACTS) Market (US$ Million), 2020 - 2030