Flexible AC Transmission (FACT) Systems - Global Strategic Business Report

The global market for Flexible AC Transmission (FACT) Systems is estimated at US$1.3 Billion in 2023 and is projected to reach US$1.9 Billion by 2030, growing at a CAGR of 6.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the FACTS market is driven by several factors, including the increasing demand for reliable and efficient power transmission, the integration of renewable energy sources, and advancements in power electronics technology. The rising global energy demand, coupled with the need to upgrade and expand the existing power transmission infrastructure, is propelling the adoption of FACTS technologies. As countries commit to reducing carbon emissions and incorporating more renewable energy into their grids, the ability of FACTS to manage the intermittent nature of renewable sources like wind and solar becomes crucial. Additionally, technological advancements in power electronics have led to the development of more efficient and cost-effective FACTS devices, making them more accessible to utilities and grid operators. The shift towards smart grids and the need for real-time monitoring and control of power flows also drive the demand for FACTS. Furthermore, government policies and regulations aimed at improving grid reliability and promoting renewable energy integration are encouraging investments in FACTS technologies. These drivers collectively highlight the significant role of FACTS in enhancing the resilience and flexibility of modern power transmission systems, ensuring they can meet the challenges of the evolving energy landscape.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Shunt Type FACT System segment, which is expected to reach US$1.5 Billion by 2030 with a CAGR of a 6.1%. The Series Type FACT System segment is also set to grow at 5.3% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $248.3 Million in 2023, and China, forecasted to grow at an impressive 7.6% CAGR to reach $276.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Flexible AC Transmission (FACT) Systems Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Flexible AC Transmission (FACT) Systems Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Flexible AC Transmission (FACT) Systems Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Microsoft Corporation, Siemens AG, Bharat Heavy Electricals Ltd., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 25 Featured):

• Microsoft Corporation
• Siemens AG
• Bharat Heavy Electricals Ltd.
• S&C Electric Company
• American Superconductor Corporation (AMSC)
• American Electric Power Co., Inc. (AEP)
• GE Grid Solutions
• NR Electric Co., Ltd.
• Sieyuan Electric Co., Ltd.
• Trench Austria GmbH
• Toshiba Energy Systems & Solutions Corporation
• JEMA Energy SA
• LS Electric Co. Ltd.