Press release
Flexible AC Transmission System (FACTS) Market Size Forecasted To Achieve $1.91 Billion By 2029 With Steady Growth
Flexible AC Transmission System (FACTS) Market Size
What Is the Flexible AC Transmission System (FACTS) Market Size and Projected Growth Rate?
The Flexible AC Transmission System (FACTS) Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Flexible AC Transmission System (FACTS) Market Size and Projected Growth Rate?
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10279
What Are the Major Segments in the Flexible AC Transmission System (FACTS) Market?
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
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10279&type=smp
What Are The Driving Flexible AC Transmission System (FACTS) Market Evolution?
The growth of the flexible AC transmission systems market is projected to be fueled by the expansion of grid infrastructure. This infrastructure encompasses a network of power plants, transmission lines, and power substations. Utilized as part of this infrastructure are Flexible AC Transmission Networks (FACTS), which improve transmission line capacity and boost system stability by reducing a power line's transfer reactance. To exemplify, the France-based intergovernmental body, International Energy Agency, stated in September 2024 that investment in electricity grids witnessed approximately an 8% rise in 2022. Furthermore, it underscored the need to more than double the investments in smart grids by 2030 to match up with the objective of obtaining Net Zero Emissions by 2050. Consequently, the flexible AC transmission systems market's growth trajectory is strengthened by the broadening grid infrastructure.
Which Firms Dominate The Flexible AC Transmission System (FACTS) Market Segments?
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
What Trends Are Expected to Dominate the Flexible AC Transmission System (FACTS) Market in the Next 5 Years?
The emergence of technological advancements is a crucial trend shaping the flexible AC transmission systems market. Companies in this market are leveraging new technologies to maintain their market dominance. For instance, Siemens Energy AG, a German company specializing in the manufacture of gas turbines, steam turbines, generators, and transformers, introduced UPFC Plus (Unified Power Flow Controller). It is an amalgamation of STATCOM (Static Synchronous Compensator) and Static Synchronous Series Compensator (SSSC), leveraging VSC (Voltage Source Converter) technology. The UPFC PLUS will aid system operators in stabilizing the grid by dynamically managing load flow in AC grids. This further broadens the capability of grid operators to swiftly react to variable power demand for integrating renewable energy whilst maintaining grid robustness and stability.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/flexible-ac-transmission-system-facts-global-market-report
Which Is The Largest Region 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Flexible AC Transmission System (FACTS) Market?
2. What is the CAGR expected in the Flexible AC Transmission System (FACTS) Market?
3. What Are the Key Innovations Transforming the Flexible AC Transmission System (FACTS) Industry?
4. Which Region Is Leading the Flexible AC Transmission System (FACTS) Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Flexible AC Transmission System (FACTS) Market Size Forecasted To Achieve $1.91 Billion By 2029 With Steady Growth here
News-ID: 3990021 • Views: …
More Releases from The Business Research Company
Rapid Digitalization Fuels Growth In The Gesture Recognition Market: Strategic I …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Gesture Recognition Market Size By 2025?
In recent times, the market for gesture recognition has expanded significantly. The market is projected to escalate from $23.37 billion in 2024 to $28.02 billion in 2025, with a compound annual growth rate (CAGR) of 19.9%. The exceptional growth…
Future of the Global Flight Simulator Market: Trends, Innovations, and Key Forec …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Flight Simulator Market Size Growth Forecast: What to Expect by 2025?
In the last few years, the flight simulator market has experienced a slight expansion in its size. Anticipated to rise from $5.48 billion in 2024 to $5.51 billion in 2025, it is set to exhibit a compound annual…
Government Initiatives For Sustainability Drive Growth In Environmental Technolo …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Environmental Technology Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the environmental technology market has seen a steady increase over the past few years. The market is forecasted to increase from $565.52 billion in 2024 to $581.1 billion in 2025, reflecting a…
Encryption Software Market on Track for Strong Growth, Estimated to Grow at 18.4 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Encryption Software Market Through 2025?
A swift expansion has been observed in the encryption software market size in the previous years. The market, which is currently valued at $13.45 billion in 2024, is projected to escalate to $15.2 billion in 2025, demonstrating…
More Releases for FACTS
Paint Additives Industry Worldwide - Statistics & Facts
The Paint Additives Market is expected to register a CAGR of 5% from 2025 to 2031. The report is segmented by Additive Type (Rheology Modifiers, Wetting and Dispersing Agents, Defoamers, and Others). The report is also segmented based on Formulation Type (Water-Based and Solvent-Based) and Application (Building and Construction, Automotive, Wood and Furniture, and Others).
Download PDF Brochure at: https://www.theinsightpartners.com/sample/TIPRE00020597/?utm_source=OpenPR&utm_medium=10413
The List of Companies
1. ANGUS Chemical Company
2. Arch Chemicals
3. Ashland
4. BYK-Chemie GmbH
5.…
QuadAir Drone Reviews - Shocking Facts Revealed
Get QuadAir Drone Today >> https://rebrand.ly/128buzr
QuadAir Drone is precision-engineered and designed for ease of flying.
QuadAir Drone, a popular holiday gift, is durable, foldable and lightweight. It's also affordable.
Is QuadAir Drone worth the hype? What is the QuadAir Drone's working principle? Continue reading for all the details about QuadAir Drone.
Must See: Official Site of QuadAir Drone [Up to 70% Discount Black Friday] >> https://rebrand.ly/128buzr
echnological innovations are making the world more…
T10 Cooler Reviews: Shocing Facts Revealed
Visit Official Website Here >> https://bit.ly/3LHCCDI
The T10 Cooler is a portable, compact cooler that can be used in place of traditional air conditioners. It absorbs heat and moisture to cool the air. The T10 Cooler provides instant relief from scorching heat at three speeds: medium-high, high, or low.
This equipment is designed to consume less electricity so that it can be used for long hours while using minimal power.
Must See: Visit…
7 Facts About Growth Hacking | UpGrowth
Growth hacking strategies can get you closer to your target audience and promise a higher return on investment (ROI).
• Attract New Users
With a well-devised strategy focused solely on growth, you will be able to attract new users interested in your offerings in a cost-effective and resource-efficient manner.
• Boost Conversions
With their experience and expertise, the dedicated growth engineers at Upgrowth help identify novel ways of adding new users to your base of…
10 interesting Facts about Shahab Signal.
We all have been told in our childhood that how we won't be able to succeed and achieve something in life if we do not study and get a degree of college. Dropping out of school or college to pursue our dream always considered a foolish and dangerous decision in our society however, that's not true in Shahab Signal story and for this we bet you 10 interesting facts about…
FACTS (Flexible AC Transmission System) Market : Facts, Figures and Analytical I …
FACTS (Flexible alternating current transmission system) comprises of static components which are used for the AC transmission of electrical energy. It finds its application for increasing the flexibility, controllability and power transfer ability of a power transmission network. The global FACTS market can be broadly divided into three compensation types namely shunt connected, shunt, series and combined series. Shunt connected and combined series compensation consists of Interline Power Flow controller…
