Global Flexible AC Transmission Systems (FACTS) Market Growth 2019-2024

A flexible alternating current transmission system (FACTS) is a system composed of static equipment used for the AC transmission of electrical energy. It is meant to enhance controllability and increase power transfer capability of the network. It is generally a power electronics-based system.
FACTS is defined by the IEEE as “a power electronic based system and other static equipment that provide control of one or more AC transmission system parameters to enhance controllability and increase power transfer capability.”
The Flexible AC Transmission Systems (FACTS) market is concerted market; the revenue of top nine manufacturers accounts about 86% of the total revenue in 2017. The high-end products mainly come from USA, Asia-Pacific and Europe.
The leading manufactures mainly are ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC and Hyosung. ABB is the largest manufacturer; its revenue of global market exceeds 31% in 2017.
There are mainly three type product of Flexible AC Transmission Systems (FACTS) market: Shunt Compensation, Series Compensation and Others.
Geographically, the global Flexible AC Transmission Systems (FACTS) market has been segmented into North America, Europe, Asia-Pacific, South America and Middle East and Africa. The Europe held the largest share in the global market, its revenue of global market exceeds 46% in 2017. The next is Asia-Pacific.

According to this study, over the next five years the Flexible AC Transmission Systems (FACTS) market will register a 5.4% CAGR in terms of revenue, the global market size will reach USD 1590 million by 2024, from USD 1160 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Flexible AC Transmission Systems (FACTS) business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Flexible AC Transmission Systems (FACTS) market by product type, application, key manufacturers and key regions and countries.

This study considers the Flexible AC Transmission Systems (FACTS) value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Shunt Compensation
Series Compensation
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Metal Industry
Railway
Mining
Utilities
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
ABB
Siemens
RXPE
Sieyuan Electric
Mitsubishi Electric
GE
Toshiba
AMSC
Hyosung

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Flexible AC Transmission Systems (FACTS) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Flexible AC Transmission Systems (FACTS) market by identifying its various subsegments.
Focuses on the key global Flexible AC Transmission Systems (FACTS) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Flexible AC Transmission Systems (FACTS) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Flexible AC Transmission Systems (FACTS) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.