Report overview
Flexible alternating current transmission system (FACTS) is static equipment used for the AC transmission of electrical energy. It is meant to enhance controllability and increase power transfer capability.
This report aims to provide a comprehensive presentation of the global market for FACTS Devices, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding FACTS Devices. This report contains market size and forecasts of FACTS Devices in global, including the following market information:
Global FACTS Devices Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global FACTS Devices market was valued at US$ 1474.2 million in 2022 and is projected to reach US$ 2165.4 million by 2029, at a CAGR of 5.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of FACTS devices include Hitachi ABB Power Grids, Siemens, etc. Global top 4 companies hold a share about 30%. Asia Pacific is the largest market, with a share over 60%, followed by Europe and North America with the share about 20% and 10%. In terms of product, SVG is the largest segment, with a share over 50%. And in terms of application, the largest application is metallurgy and steel, with a share about 30%.
We surveyed the FACTS Devices companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global FACTS Devices Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global FACTS Devices Market Segment Percentages, by Type, 2022 (%)
SVC
SVG
Global FACTS Devices Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global FACTS Devices Market Segment Percentages, by Application, 2022 (%)
Metallurgy and Steel
Mining
New Energy
Chemical
Transportation
Others
Global FACTS Devices Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global FACTS Devices Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies FACTS Devices revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies FACTS Devices revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Hitachi ABB Power Grids
Siemens
Mitsubishi Electric
Liaoning Rongxin Xingye Power Technology Co.,Ltd
GE
FGI
Toshiba
Taikai Power Electronic Co.,Ltd
Sieyuan Electric Co., Ltd
Hyosung
NR Electric Co., Ltd
AMSC
Outline of Major Chapters:
Chapter 1: Introduces the definition of FACTS Devices, market overview.
Chapter 2: Global FACTS Devices market size in revenue.
Chapter 3: Detailed analysis of FACTS Devices company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of FACTS Devices in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
