Global Analysis of Flexible AC Transmission (FACT) Systems Market Size, Growth and Forecast

Report ID : 1318901 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel

The market size of the Flexible AC Transmission (FACT) Systems Market is categorized based on Type (Static VAR Compensators (SVC), Static Synchronous Compensators (STATCOM), Phase Shifting Transformers (PST), Unified Power Flow Controllers (UPFC), Other FACTS Devices) and Application (Transmission Systems, Distribution Systems, Renewable Energy Integration, Industrial Applications, Others) and End-User (Utilities, Independent Power Producers (IPPs), Industrial Sector, Commercial Sector, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

With a valuation of $2.8 billion in 2023, the Flexible AC Transmission (FACT) Systems Market is expected to reach $6.5 billion by 2033, growing at a CAGR of 8.8% from 2024 onwards. The report encompasses various segments and analyzes the trends and factors significantly impacting the market.

The Flexible AC Transmission (FACT) Systems market is witnessing apparent growth due to the increasing need for reliable and efficient power transmission systems. Renewable energy system integration is growing rapidly, along with global energy consumption; as a result, there is an increased need for advanced technologies that improve grid stability, flexibility, and reliability. Modern electrical infrastructure requires state-of-the-art solutions for better control of power flow, voltage stability, and the capacity of existing transmission lines. FACT systems provide such essential solutions.  

Integration of smart grids and the focus on sustainable energy practices will contribute to the growth of FACT systems. These system not only aid in the robust integration of various energy types, but also dynamically respond to the supply and demand challenges. From urban electrical grids to long-distance transmission lines, the market spans a wide range of applications. As stakeholders from all over the energy domain start harnessing the potential of FACT technologies, it is expected that their investment and innovation will surge, giving us a glimpse at the adaptable energy future.

 

ATTRIBUTES	DETAILS
STUDY PERIOD	2023-2033
BASE YEAR	2023
FORECAST PERIOD	2024-2033
HISTORICAL PERIOD	2023-2024
UNIT	VALUE (USD BILLION)
KEY COMPANIES PROFILED	Siemens AG, General Electric Company, ABB Ltd., Schneider Electric SE, Mitsubishi Electric Corporation, Hitachi Energy, Nexans S.A., Siemens Gamesa Renewable Energy, Toshiba Corporation, Crompton Greaves Consumer Electricals Limited, KBR Inc.
SEGMENTS COVERED	By Type - Static VAR Compensators (SVC), Static Synchronous Compensators (STATCOM), Phase Shifting Transformers (PST), Unified Power Flow Controllers (UPFC), Other FACTS Devices By Application - Transmission Systems, Distribution Systems, Renewable Energy Integration, Industrial Applications, Others By End-User - Utilities, Independent Power Producers (IPPs), Industrial Sector, Commercial Sector, Others By Geography - North America, Europe, APAC, Middle East Asia & Rest of World.

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Flexible AC Transmission (FACT) Systems Market Dynamics

The Flexible AC Transmission (FACT) Systems Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.

Market Drivers

1. Technological Advancements
2. Increasing Consumer Demand
3. Regulatory Support
4. Globalization

Market Restraints

1. High Operational Costs
2. Regulatory Challenges
3. Market Saturation

Market Opportunities

1. Emerging Markets
2. Product Innovation
3. Strategic Partnerships

Market Challenges

1. Technological Disruptions
2. Supply Chain Issues
3. Changing Consumer Preferences

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Key Players in the Flexible AC Transmission (FACT) Systems Market

This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.

• Siemens AG
• General Electric Company
• ABB Ltd.
• Schneider Electric SE
• Mitsubishi Electric Corporation
• Hitachi Energy
• Nexans S.A.
• Siemens Gamesa Renewable Energy
• Toshiba Corporation
• Crompton Greaves Consumer Electricals Limited
• KBR Inc.

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