Flexible AC Transmission System (FACTS) Market Insights Forecasting Size, Growth And Competitive Trends from 2025 to 2034


Built for executives and teams involved in growth planning, this research offers a data-driven view of the flexible ac transmission system (facts) industry’s direction and competitive environment.

How Big Is The Flexible AC Transmission System (FACTS) Market In 2025?
The flexible ac transmission system (facts) market size has grown steadily in recent years. It will grow from $1.38 billion in 2024 to $1.45 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to grid reliability concerns, aging power infrastructure, electricity market deregulation, transmission line congestion, global expansion of high-voltage networks, and environmental concerns.

The flexible ac transmission system (facts) market size is expected to see strong growth in the next few years. It will grow to $1.88 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increased penetration of electric vehicles, grid resilience against natural disasters, transition to renewable energy, cybersecurity concerns, and decentralized energy generation. Major trends in the forecast period include multi-terminal HVDC systems, integration of energy storage, energy efficiency, and conservation, voltage source converters (VSC) in facts, next-generation facts technologies, and integration of advanced power electronics.

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What Are The Major Factors Driving The Flexible AC Transmission System (FACTS) Global Market Growth?
The expansion of grid infrastructure is expected to propel the growth of the flexible AC transmission systems market going forward. Grid infrastructure refers to a system of power plants, power lines, and power substations. Flexible AC Transmission Networks (FACTS) are used in grid infrastructure to increase transmission line capacity and enhance system stability by decreasing a power line's transfer reactance. For instance, in September 2024, the International Energy Agency, a France-based intergovernmental organization, reported that investment in electricity grids increased by approximately 8% in 2022. Additionally, it emphasized that investment in smart grids needs to more than double through 2030 to align with the goal of achieving Net Zero Emissions by 2050. Therefore, the expansion of the grid infrastructure is driving the growth of the flexible AC transmission systems market going forward.

Flexible AC Transmission System (FACTS) Market Report Segmentation Analysis
The flexible ac transmission system (facts)market covered in this report is segmented –

1) By Product: Static Synchronous Compensator (STATCOM), Static Var Compensator (SVC), Unified Power Flow Controllers (UPFC), Thyristor Controlled Series Compensator (TCSC)
2) By Compensation Type: Shunt Compensation, Series Compensation, Combined Series-Shunt Compensation
3) By Functionality: Voltage Control, Network Stabilization, Transmission Capacity
4) By Application: Utilities, Renewables, Industrial, Railways, Other Applications

Subsegments:
1) By Static Synchronous Compensator (STATCOM): Voltage Source Converter (VSC) Based STATCOM, Current Source Converter (CSC) Based STATCOM
2) By Static Var Compensator (SVC): Thyristor Controlled Reactor (TCR), Thyristor Switched Capacitor (TSC)
3) By Unified Power Flow Controllers (UPFC): Series Compensator Component, Shunt Compensator Component
4) By Thyristor Controlled Series Compensator (TCSC): Fixed Series Capacitors with Thyristor Control, Thyristor Controlled Series Reactors

Emerging Trends And Strategic Opportunities In The Flexible AC Transmission System (FACTS) Market
Technological innovations are a key trend gaining popularity in the flexible AC transmission systems market. Companies operating in the flexible AC transmission systems market are adopting new technologies to sustain their position in the market. For instance, Siemens Energy AG, a German-based manufacturer of gas turbines, steam turbines, generators, and transformers, launched UPFC Plus (Unified Power Flow Controller), which is a combination of STATCOM (Static Synchronous Compensator) and Static Synchronous Series Compensator (SSSC) based on VSC (Voltage Source Converter) technology. The UPFC PLUS would assist system operators in grid stabilization by dynamically managing load flow in alternating-current grids. This also expands grid operators' ability to respond quickly to shifting power demand to enable renewable energy integration while also ensuring grid resilience and stability.

What Are The Top Players Operating In The Flexible AC Transmission System (FACTS) Market?
Major companies operating in the flexible AC transmission system (FACTS) market include ABB Ltd., Alstom SA, Mitsubishi Electric Corporation, CG Power and Industrial Solutions Limited, General Electric Company, Siemens AG, Eaton Corporation plc, NR Electric Co. Ltd., Liaoning Rongxin Xingye Power Technology Co. Ltd., Toshiba Corporation, American Electric Power Company Inc., S&C Electric Company, Arteche Group, Rongxin Power Electronic Co. Ltd., Sieyuan Electric Co.Ltd., Fuji Electric Co. Ltd., LSIS Co. Ltd., Bharat Heavy Electricals Limited, Schneider Electric SE, Hyosung Heavy Industries Corporation, Infineon Technologies AG, Hitachi ABB Power Grids Ltd., Crompton Greaves Limited

View the full flexible ac transmission system (facts) market report here:
https://www.thebusinessresearchcompany.com/report/flexible-ac-transmission-system-facts-global-market-report

Which Region Holds The Largest Market Share In The Flexible AC Transmission System (FACTS) Market?
North America was the largest region in the flexible AC transmission systems (FACTS) market in 2024. Europe is expected to be the fastest-growing region in the global flexible AC transmission systems market during the forecast period. The regions covered in the flexible ac transmission system (FACTS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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