Flexible AC Transmission System (FACTS) Market By Type (Combined shunt & series compensation, Shunt compensation, Series compensation), By Component Type (Capacitor banks, GIS switchgear, Reactors, Power electronic devices, Thyristors), By Application Type (Dynamic state, Steady state), By Industry Vertical (Railways, Renewables, Oil & gas, Electric utilities, Industrial), Industry Trends, Estimation & Forecast, 2017 - 2025

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Flexible AC transmission system (FACTS) market is expected to grow with a CAGR of 9% during the forecast period of 2018 to 2025.
  • Market Overview:

    Flexible AC transmission system (FACTS) is a new integrated concept based on power-electronic based convertor, which enhances the reliability, stability, and power quality of AC transmission system. FACTS offers control to one or more AC transmission systems by incorporating a power electronic based system & other static equipment. The surging demand for superior quality high power & voltage and high network consistency from various industries such as electric utilities, railways, and oil & gas is the key driving factor of flexible AC transmission system market.

    The modern high speed rail traction systems must ensure that the supply voltages are stable and do not sag, thus the incorporation of FACTS ensures adequate power quality with stable voltages. For instance, National High Speed Rail Corporation Ltd. is commencing a high speed train between Ahmedabad and Mumbai, with a total corridor length of around 510 km. The initiation of such high speed train projects in the developing countries is expected to provide ample opportunities for the growth of flexible AC transmission system in the global market.

    FACTS offers solutions to relieve the power transmission bottlenecks quickly, thereby, minimizing the risk for complete blackouts. This system also integrates renewable energy sources like wind power into the main stream power grids. In addition to this, FACTS plays a major role in improving power quality, and ensuring efficient energy utilization & management in the smart grid systems. The surging adoption of smart grid systems, owing to the increasing demand for renewable energy is anticipated to elevate the adoption of flexible AC transmission system.

    However, the high cost associated with the installation of FACTS is the major factor impeding the growth of flexible AC transmission system market. On the other hand, increasing global population, and surging demand for renewable energy sources due to the unavailability of fossil fuels are expected to provide lucrative opportunities to the leading manufactures active in flexible AC transmission system market.

    The report provides detailed qualitative and quantitative analysis of the flexible AC transmission system market. Market size and forecast in terms of value and volume has been provided for the period – (2017 – 2025), for the segments namely type, component type, application, and industry vertical in each of the major regions.

    Flexible AC Transmission System (FACTS) Market Segmentation

    By Type
    • Combined shunt & series compensation
    • Shunt compensation
    • Series compensation

    By Component Type
    • Capacitor banks
    • GIS switchgear
    • Reactors
    • Power electronic devices
    • Thyristors
    • Other

    By Application Type
    • Dynamic state
    • Steady state

    By Industry Vertical
    • Railways
    • Renewables
    • Oil & gas
    • Electric utilities
    • Industrial
    • Others

    By Geography

    • North America
    • U.S.
    • Canada
    • Mexico

    • Europe
    • U.K.
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe

    • Asia-Pacific
    • China
    • Japan
    • India
    • Korea
    • Rest of APAC

    • South America
    • Brazil
    • Rest of South America

    • Rest of the World
    • Middle East
    • Africa

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  • CHAPTER 1. INTRODUCTION
    1.1. RESEARCH METHODOLOGY
    1.1.1. ERC DESK RESEARCH
    1.1.2. ERC DATA SYNTHESIS
    1.1.3. DATA VALIDATION AND MARKET FEEDBACK
    1.1.4. ERC DATA SOURCES

    CHAPTER 2. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET OVERVIEW
    2.1. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET INTRODUCTION
    2.2. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET PRODUCTION AND GROWTH RATE, 2017-2025
    2.2.1. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCTION (VOLUME) AND GROWTH RATE (%), (2017-2025)
    2.3. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET CAPACITY AND GROWTH RATE, 2017-2025
    2.3.1. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) CAPACITY (VOLUME) AND GROWTH RATE (%), (2017-2025)
    2.4. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET REVENUE AND GROWTH RATE, 2017-2025
    2.4.1. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET REVENUE (MILLION USD) AND GROWTH RATE (%), (2017-2025)
    2.5. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET CONSUMPTION AND GROWTH RATE, 2017-2025
    2.5.1. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) CONSUMPTION (VOLUME) AND GROWTH RATE (%), (2017-2025)

    CHAPTER 3. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET BY TYPE, 2017-2025
    3.1. COMBINED SHUNT & SERIES COMPENSATION
    3.2. SHUNT COMPENSATION
    3.3. SERIES COMPENSATION
    3.4. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET REVENUE BY TYPE, 2017-2025
    3.4.1. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET REVENUE (MILLION USD) AND SHARE (%) BY TYPE, 2017-2025
    3.4.2. COMBINED SHUNT & SERIES COMPENSATION MARKET REVENUE AND GROWTH RATE, 2017-2025
    3.4.3. SHUNT COMPENSATION MARKET REVENUE AND GROWTH RATE, 2017-2025
    3.4.4. SERIES COMPENSATION MARKET REVENUE AND GROWTH RATE, 2017-2025
    3.5. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET PRODUCTION BY TYPE, 2017-2025
    3.5.1. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET PRODUCTION (VOLUME) AND SHARE (%) BY TYPE, 2017-2025
    3.5.2. COMBINED SHUNT & SERIES COMPENSATION MARKET PRODUCTION AND GROWTH RATE, 2017-2025
    3.5.3. SHUNT COMPENSATION MARKET PRODUCTION AND GROWTH RATE, 2017-2025
    3.5.4. SERIES COMPENSATION MARKET PRODUCTION AND GROWTH RATE, 2017-2025
    Note: Similar information coverage has been provided for component type segment

    CHAPTER 4. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET BY APPLICATION TYPE, 2017-2025
    4.1. DYNAMIC STATE
    4.2. STEADY STATE
    4.3. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET REVENUE BY APPLICATION TYPE, 2017-2025
    4.3.1. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET REVENUE (MILLION USD) AND SHARE (%) BY APPLICATION TYPE, 2017-2025
    4.3.2. DYNAMIC STATE MARKET REVENUE AND GROWTH RATE, 2017-2025
    4.3.3. STEADY STATE MARKET REVENUE AND GROWTH RATE, 2017-2025
    4.4. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET CONSUMPTION BY APPLICATION TYPE, 2017-2025
    4.4.1. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET CONSUMPTION (VOLUME) AND SHARE (%) BY APPLICATION TYPE, 2017-2025
    4.4.2. DYNAMIC STATE MARKET CONSUMPTION AND GROWTH RATE, 2017-2025
    4.4.3. STEADY STATE MARKET CONSUMPTION AND GROWTH RATE, 2017-2025
    Note: Similar information coverage has been provided for industry vertical segment

    CHAPTER 5. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET BY REGION, 2017-2025
    5.1. NORTH AMERICA
    5.1.1. U.S.
    5.1.2. CANADA
    5.1.3. MEXICO
    5.2. EUROPE
    5.2.1. U.K.
    5.2.2. FRANCE
    5.2.3. GERMANY
    5.2.4. ITALY
    5.2.5. SPAIN
    5.2.6. REST OF EUROPE
    5.3. ASIA PACIFIC
    5.3.1. CHINA
    5.3.2. JAPAN
    5.3.3. INDIA
    5.3.4. KOREA
    5.3.5. REST OF APAC
    5.4. SOUTH AMERICA
    5.4.1. BRAZIL
    5.4.2. REST OF SOUTH AMERICA
    5.5. REST OF THE WORLD
    5.5.1. MIDDLE EAST
    5.5.2. AFRICA
    5.6. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET REVENUE BY REGION, 2017-2025
    5.6.1. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET REVENUE (MILLION USD) AND SHARE (%) BY REGION, 2017-2025
    5.6.2. NORTH AMERICA MARKET REVENUE AND GROWTH RATE, 2017-2025
    5.6.3. EUROPE MARKET REVENUE AND GROWTH RATE, 2017-2025
    5.6.4. ASIA PACIFIC MARKET REVENUE AND GROWTH RATE, 2017-2025
    5.6.5. SOUTH AMERICA MARKET REVENUE AND GROWTH RATE, 2017-2025
    5.6.6. REST OF THE WORLD MARKET REVENUE AND GROWTH RATE, 2017-2025

    CHAPTER 6. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET PRODUCTION AND CONSUMPTION ANALYSIS BY REGION, 2017-2025
    6.1. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET PRODUCTION ANALYSIS BY REGION, 2017-2025
    6.1.1. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET PRODUCTION (VOLUME) AND SHARE (%) BY REGION, 2017-2025
    6.1.2. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET CONSUMPTION (VOLUME) AND SHARE (%) BY REGION, 2017-2025
    6.1.3. NORTH AMERICA MARKET PRODUCTION AND CONSUMPTION, 2017-2025
    6.1.4. EUROPE MARKET PRODUCTION AND CONSUMPTION, 2017-2025
    6.1.5. ASIA PACIFIC MARKET PRODUCTION AND CONSUMPTION, 2017-2025
    6.1.6. SOUTH AMERICA MARKET PRODUCTION AND CONSUMPTION, 2017-2025
    6.1.7. REST OF THE WORLD MARKET PRODUCTION AND CONSUMPTION, 2017-2025

    CHAPTER 7. MARKET DETERMINANTS
    7.1. MARKET DRIVERS
    7.2. MARKET RESTRAINTS
    7.3. MARKET OPPORTUNITIES
    7.4. MARKET DETERMINANTS RADAR CHART

    CHAPTER 8. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET COMPETITION BY MANUFACTURERS
    8.1. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCTION AND SHARE BY MANUFACTURERS (2017-2025)
    8.1.1. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCTION (VOLUME) AND SHARE (%) BY MANUFACTURERS (2017-2025)
    8.2. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) REVENUE AND SHARE BY MANUFACTURERS (2017-2025)
    8.2.1. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) REVENUE (MILLION USD) AND SHARE (%) BY MANUFACTURERS (2017-2025)
    8.3. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET COMPETITIVE SITUATION AND TRENDS
    8.3.1. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET SHARE (%) OF TOP 3 MANUFACTURERS
    8.3.2. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET SHARE (%) OF TOP 5 MANUFACTURERS

    CHAPTER 9. GLOBAL FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MANUFACTURERS ANALYSIS
    9.1. SIEMENS AG
    9.1.1. BUSINESS OVERVIEW
    9.1.2. COMPANY BASIC INFORMATION
    9.1.3. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCT DETAILS
    9.1.4. SIEMENS AG FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCTION, REVENUE AND GROSS MARGIN

    9.2. ABB LTD.
    9.2.1. BUSINESS OVERVIEW
    9.2.2. COMPANY BASIC INFORMATION
    9.2.3. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCT DETAILS
    9.2.4. ABB LTD. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCTION, REVENUE AND GROSS MARGIN

    9.3. GENERAL ELECTRIC
    9.3.1. BUSINESS OVERVIEW
    9.3.2. COMPANY BASIC INFORMATION
    9.3.3. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCT DETAILS
    9.3.4. GENERAL ELECTRIC FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCTION, REVENUE AND GROSS MARGIN

    9.4. MITSUBISHI ELECTRIC CORP.
    9.4.1. BUSINESS OVERVIEW
    9.4.2. COMPANY BASIC INFORMATION
    9.4.3. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCT DETAILS
    9.4.4. MITSUBISHI ELECTRIC CORP. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCTION, REVENUE AND GROSS MARGIN

    9.5. ALSTOM
    9.5.1. BUSINESS OVERVIEW
    9.5.2. COMPANY BASIC INFORMATION
    9.5.3. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCT DETAILS
    9.5.4. ALSTOM FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCTION, REVENUE AND GROSS MARGIN

    9.6. EATON CORP PLC
    9.6.1. BUSINESS OVERVIEW
    9.6.2. COMPANY BASIC INFORMATION
    9.6.3. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCT DETAILS
    9.6.4. EATON CORP PLC FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCTION, REVENUE AND GROSS MARGIN

    9.7. ADANI POWER
    9.7.1. BUSINESS OVERVIEW
    9.7.2. COMPANY BASIC INFORMATION
    9.7.3. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCT DETAILS
    9.7.4. ADANI POWER FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCTION, REVENUE AND GROSS MARGIN

    9.8. AMERICAN ELECTRIC POWER
    9.8.1. BUSINESS OVERVIEW
    9.8.2. COMPANY BASIC INFORMATION
    9.8.3. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCT DETAILS
    9.8.4. AMERICAN ELECTRIC POWER FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCTION, REVENUE AND GROSS MARGIN

    9.9. NR ELECTRIC CO. LTD.
    9.9.1. BUSINESS OVERVIEW
    9.9.2. COMPANY BASIC INFORMATION
    9.9.3. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCT DETAILS
    9.9.4. NR ELECTRIC CO. LTD. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCTION, REVENUE AND GROSS MARGIN

    9.10. XIAN ELECTRIC ENGINEERING
    9.10.1. BUSINESS OVERVIEW
    9.10.2. COMPANY BASIC INFORMATION
    9.10.3. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCT DETAILS
    9.10.4. XIAN ELECTRIC ENGINEERING FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) PRODUCTION, REVENUE AND GROSS MARGIN

    CHAPTER 10. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) MARKET VALUE CHAIN ANALYSIS
    10.1. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) INDUSTRIAL CHAIN ANALYSIS
    10.2. FLEXIBLE AC TRANSMISSION SYSTEM (FACTS) KEY RAW MATERIALS ANALYSIS
    10.2.1. KEY RAW MATERIALS
    10.2.2. PRICE TREND OF KEY RAW MATERIALS
    10.2.3. KEY SUPPLIERS OF RAW MATERIALS

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  • • Siemens AG
    • ABB Ltd.
    • General Electric
    • Mitsubishi Electric Corp.
    • Alstom
    • Eaton Corp PLC
    • Adani Power
    • American Electric Power
    • NR Electric Co. Ltd.
    • Xian Electric Engineering
    • Hyosung

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What Information does this report contain?

• What was the market size of the Flexible AC Transmission System (FACTS) Market in 2017 and the expected market size by 2025, along with the growth rate?
• An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
• Which are the largest revenue generating products, services or regions and their comparative growth rate?
• Which technology is in trend and how would it evolve during the forecast period (2017 – 2025)?
• Which are the leading companies in the Flexible AC Transmission System (FACTS) Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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