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.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 FACTS Devices Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global FACTS Devices Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global FACTS Devices Overall Market Size
2.1 Global FACTS Devices Market Size: 2022 VS 2029
2.2 Global FACTS Devices Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top FACTS Devices Players in Global Market
3.2 Top Global FACTS Devices Companies Ranked by Revenue
3.3 Global FACTS Devices Revenue by Companies
3.4 Top 3 and Top 5 FACTS Devices Companies in Global Market, by Revenue in 2022
3.5 Global Companies FACTS Devices Product Type
3.6 Tier 1, Tier 2 and Tier 3 FACTS Devices Players in Global Market
3.6.1 List of Global Tier 1 FACTS Devices Companies
3.6.2 List of Global Tier 2 and Tier 3 FACTS Devices Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global FACTS Devices Market Size Markets, 2022 & 2029
4.1.2 SVC
4.1.3 SVG
4.2 By Type - Global FACTS Devices Revenue & Forecasts
4.2.1 By Type - Global FACTS Devices Revenue, 2018-2023
4.2.2 By Type - Global FACTS Devices Revenue, 2024-2029
4.2.3 By Type - Global FACTS Devices Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global FACTS Devices Market Size, 2022 & 2029
5.1.2 Metallurgy and Steel
5.1.3 Mining
5.1.4 New Energy
5.1.5 Chemical
5.1.6 Transportation
5.1.7 Others
5.2 By Application - Global FACTS Devices Revenue & Forecasts
5.2.1 By Application - Global FACTS Devices Revenue, 2018-2023
5.2.2 By Application - Global FACTS Devices Revenue, 2024-2029
5.2.3 By Application - Global FACTS Devices Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global FACTS Devices Market Size, 2022 & 2029
6.2 By Region - Global FACTS Devices Revenue & Forecasts
6.2.1 By Region - Global FACTS Devices Revenue, 2018-2023
6.2.2 By Region - Global FACTS Devices Revenue, 2024-2029
6.2.3 By Region - Global FACTS Devices Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America FACTS Devices Revenue, 2018-2029
6.3.2 US FACTS Devices Market Size, 2018-2029
6.3.3 Canada FACTS Devices Market Size, 2018-2029
6.3.4 Mexico FACTS Devices Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe FACTS Devices Revenue, 2018-2029
6.4.2 Germany FACTS Devices Market Size, 2018-2029
6.4.3 France FACTS Devices Market Size, 2018-2029
6.4.4 U.K. FACTS Devices Market Size, 2018-2029
6.4.5 Italy FACTS Devices Market Size, 2018-2029
6.4.6 Russia FACTS Devices Market Size, 2018-2029
6.4.7 Nordic Countries FACTS Devices Market Size, 2018-2029
6.4.8 Benelux FACTS Devices Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia FACTS Devices Revenue, 2018-2029
6.5.2 China FACTS Devices Market Size, 2018-2029
6.5.3 Japan FACTS Devices Market Size, 2018-2029
6.5.4 South Korea FACTS Devices Market Size, 2018-2029
6.5.5 Southeast Asia FACTS Devices Market Size, 2018-2029
6.5.6 India FACTS Devices Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America FACTS Devices Revenue, 2018-2029
6.6.2 Brazil FACTS Devices Market Size, 2018-2029
6.6.3 Argentina FACTS Devices Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa FACTS Devices Revenue, 2018-2029
6.7.2 Turkey FACTS Devices Market Size, 2018-2029
6.7.3 Israel FACTS Devices Market Size, 2018-2029
6.7.4 Saudi Arabia FACTS Devices Market Size, 2018-2029
6.7.5 UAE FACTS Devices Market Size, 2018-2029
7 FACTS Devices Companies Profiles
7.1 Hitachi ABB Power Grids
7.1.1 Hitachi ABB Power Grids Company Summary
7.1.2 Hitachi ABB Power Grids Business Overview
7.1.3 Hitachi ABB Power Grids FACTS Devices Major Product Offerings
7.1.4 Hitachi ABB Power Grids FACTS Devices Revenue in Global Market (2018-2023)
7.1.5 Hitachi ABB Power Grids Key News & Latest Developments
7.2 Siemens
7.2.1 Siemens Company Summary
7.2.2 Siemens Business Overview
7.2.3 Siemens FACTS Devices Major Product Offerings
7.2.4 Siemens FACTS Devices Revenue in Global Market (2018-2023)
7.2.5 Siemens Key News & Latest Developments
7.3 Mitsubishi Electric
7.3.1 Mitsubishi Electric Company Summary
7.3.2 Mitsubishi Electric Business Overview
7.3.3 Mitsubishi Electric FACTS Devices Major Product Offerings
7.3.4 Mitsubishi Electric FACTS Devices Revenue in Global Market (2018-2023)
7.3.5 Mitsubishi Electric Key News & Latest Developments
7.4 Liaoning Rongxin Xingye Power Technology Co.,Ltd
7.4.1 Liaoning Rongxin Xingye Power Technology Co.,Ltd Company Summary
7.4.2 Liaoning Rongxin Xingye Power Technology Co.,Ltd Business Overview
7.4.3 Liaoning Rongxin Xingye Power Technology Co.,Ltd FACTS Devices Major Product Offerings
7.4.4 Liaoning Rongxin Xingye Power Technology Co.,Ltd FACTS Devices Revenue in Global Market (2018-2023)
7.4.5 Liaoning Rongxin Xingye Power Technology Co.,Ltd Key News & Latest Developments
7.5 GE
7.5.1 GE Company Summary
7.5.2 GE Business Overview
7.5.3 GE FACTS Devices Major Product Offerings
7.5.4 GE FACTS Devices Revenue in Global Market (2018-2023)
7.5.5 GE Key News & Latest Developments
7.6 FGI
7.6.1 FGI Company Summary
7.6.2 FGI Business Overview
7.6.3 FGI FACTS Devices Major Product Offerings
7.6.4 FGI FACTS Devices Revenue in Global Market (2018-2023)
7.6.5 FGI Key News & Latest Developments
7.7 Toshiba
7.7.1 Toshiba Company Summary
7.7.2 Toshiba Business Overview
7.7.3 Toshiba FACTS Devices Major Product Offerings
7.7.4 Toshiba FACTS Devices Revenue in Global Market (2018-2023)
7.7.5 Toshiba Key News & Latest Developments
7.8 Taikai Power Electronic Co.,Ltd
7.8.1 Taikai Power Electronic Co.,Ltd Company Summary
7.8.2 Taikai Power Electronic Co.,Ltd Business Overview
7.8.3 Taikai Power Electronic Co.,Ltd FACTS Devices Major Product Offerings
7.8.4 Taikai Power Electronic Co.,Ltd FACTS Devices Revenue in Global Market (2018-2023)
7.8.5 Taikai Power Electronic Co.,Ltd Key News & Latest Developments
7.9 Sieyuan Electric Co., Ltd
7.9.1 Sieyuan Electric Co., Ltd Company Summary
7.9.2 Sieyuan Electric Co., Ltd Business Overview
7.9.3 Sieyuan Electric Co., Ltd FACTS Devices Major Product Offerings
7.9.4 Sieyuan Electric Co., Ltd FACTS Devices Revenue in Global Market (2018-2023)
7.9.5 Sieyuan Electric Co., Ltd Key News & Latest Developments
7.10 Hyosung
7.10.1 Hyosung Company Summary
7.10.2 Hyosung Business Overview
7.10.3 Hyosung FACTS Devices Major Product Offerings
7.10.4 Hyosung FACTS Devices Revenue in Global Market (2018-2023)
7.10.5 Hyosung Key News & Latest Developments
7.11 NR Electric Co., Ltd
7.11.1 NR Electric Co., Ltd Company Summary
7.11.2 NR Electric Co., Ltd Business Overview
7.11.3 NR Electric Co., Ltd FACTS Devices Major Product Offerings
7.11.4 NR Electric Co., Ltd FACTS Devices Revenue in Global Market (2018-2023)
7.11.5 NR Electric Co., Ltd Key News & Latest Developments
7.12 AMSC
7.12.1 AMSC Company Summary
7.12.2 AMSC Business Overview
7.12.3 AMSC FACTS Devices Major Product Offerings
7.12.4 AMSC FACTS Devices Revenue in Global Market (2018-2023)
7.12.5 AMSC Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. FACTS Devices Market Opportunities & Trends in Global Market
Table 2. FACTS Devices Market Drivers in Global Market
Table 3. FACTS Devices Market Restraints in Global Market
Table 4. Key Players of FACTS Devices in Global Market
Table 5. Top FACTS Devices Players in Global Market, Ranking by Revenue (2022)
Table 6. Global FACTS Devices Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global FACTS Devices Revenue Share by Companies, 2018-2023
Table 8. Global Companies FACTS Devices Product Type
Table 9. List of Global Tier 1 FACTS Devices Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 FACTS Devices Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global FACTS Devices Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - FACTS Devices Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - FACTS Devices Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global FACTS Devices Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - FACTS Devices Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - FACTS Devices Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global FACTS Devices Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global FACTS Devices Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global FACTS Devices Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America FACTS Devices Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America FACTS Devices Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe FACTS Devices Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe FACTS Devices Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia FACTS Devices Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia FACTS Devices Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America FACTS Devices Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America FACTS Devices Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa FACTS Devices Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa FACTS Devices Revenue, (US$, Mn), 2024-2029
Table 30. Hitachi ABB Power Grids Company Summary
Table 31. Hitachi ABB Power Grids FACTS Devices Product Offerings
Table 32. Hitachi ABB Power Grids FACTS Devices Revenue (US$, Mn) & (2018-2023)
Table 33. Hitachi ABB Power Grids Key News & Latest Developments
Table 34. Siemens Company Summary
Table 35. Siemens FACTS Devices Product Offerings
Table 36. Siemens FACTS Devices Revenue (US$, Mn) & (2018-2023)
Table 37. Siemens Key News & Latest Developments
Table 38. Mitsubishi Electric Company Summary
Table 39. Mitsubishi Electric FACTS Devices Product Offerings
Table 40. Mitsubishi Electric FACTS Devices Revenue (US$, Mn) & (2018-2023)
Table 41. Mitsubishi Electric Key News & Latest Developments
Table 42. Liaoning Rongxin Xingye Power Technology Co.,Ltd Company Summary
Table 43. Liaoning Rongxin Xingye Power Technology Co.,Ltd FACTS Devices Product Offerings
Table 44. Liaoning Rongxin Xingye Power Technology Co.,Ltd FACTS Devices Revenue (US$, Mn) & (2018-2023)
Table 45. Liaoning Rongxin Xingye Power Technology Co.,Ltd Key News & Latest Developments
Table 46. GE Company Summary
Table 47. GE FACTS Devices Product Offerings
Table 48. GE FACTS Devices Revenue (US$, Mn) & (2018-2023)
Table 49. GE Key News & Latest Developments
Table 50. FGI Company Summary
Table 51. FGI FACTS Devices Product Offerings
Table 52. FGI FACTS Devices Revenue (US$, Mn) & (2018-2023)
Table 53. FGI Key News & Latest Developments
Table 54. Toshiba Company Summary
Table 55. Toshiba FACTS Devices Product Offerings
Table 56. Toshiba FACTS Devices Revenue (US$, Mn) & (2018-2023)
Table 57. Toshiba Key News & Latest Developments
Table 58. Taikai Power Electronic Co.,Ltd Company Summary
Table 59. Taikai Power Electronic Co.,Ltd FACTS Devices Product Offerings
Table 60. Taikai Power Electronic Co.,Ltd FACTS Devices Revenue (US$, Mn) & (2018-2023)
Table 61. Taikai Power Electronic Co.,Ltd Key News & Latest Developments
Table 62. Sieyuan Electric Co., Ltd Company Summary
Table 63. Sieyuan Electric Co., Ltd FACTS Devices Product Offerings
Table 64. Sieyuan Electric Co., Ltd FACTS Devices Revenue (US$, Mn) & (2018-2023)
Table 65. Sieyuan Electric Co., Ltd Key News & Latest Developments
Table 66. Hyosung Company Summary
Table 67. Hyosung FACTS Devices Product Offerings
Table 68. Hyosung FACTS Devices Revenue (US$, Mn) & (2018-2023)
Table 69. Hyosung Key News & Latest Developments
Table 70. NR Electric Co., Ltd Company Summary
Table 71. NR Electric Co., Ltd FACTS Devices Product Offerings
Table 72. NR Electric Co., Ltd FACTS Devices Revenue (US$, Mn) & (2018-2023)
Table 73. NR Electric Co., Ltd Key News & Latest Developments
Table 74. AMSC Company Summary
Table 75. AMSC FACTS Devices Product Offerings
Table 76. AMSC FACTS Devices Revenue (US$, Mn) & (2018-2023)
Table 77. AMSC Key News & Latest Developments
List of Figures
Figure 1. FACTS Devices Segment by Type in 2022
Figure 2. FACTS Devices Segment by Application in 2022
Figure 3. Global FACTS Devices Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global FACTS Devices Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global FACTS Devices Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by FACTS Devices Revenue in 2022
Figure 8. By Type - Global FACTS Devices Revenue Market Share, 2018-2029
Figure 9. By Application - Global FACTS Devices Revenue Market Share, 2018-2029
Figure 10. By Type - Global FACTS Devices Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global FACTS Devices Revenue Market Share, 2018-2029
Figure 12. By Application - Global FACTS Devices Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global FACTS Devices Revenue Market Share, 2018-2029
Figure 14. By Region - Global FACTS Devices Revenue Market Share, 2018-2029
Figure 15. By Country - North America FACTS Devices Revenue Market Share, 2018-2029
Figure 16. US FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 17. Canada FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe FACTS Devices Revenue Market Share, 2018-2029
Figure 20. Germany FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 21. France FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 23. Italy FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 24. Russia FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia FACTS Devices Revenue Market Share, 2018-2029
Figure 28. China FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 29. Japan FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 32. India FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America FACTS Devices Revenue Market Share, 2018-2029
Figure 34. Brazil FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa FACTS Devices Revenue Market Share, 2018-2029
Figure 37. Turkey FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 38. Israel FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 40. UAE FACTS Devices Revenue, (US$, Mn), 2018-2029
Figure 41. Hitachi ABB Power Grids FACTS Devices Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Siemens FACTS Devices Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. Mitsubishi Electric FACTS Devices Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Liaoning Rongxin Xingye Power Technology Co.,Ltd FACTS Devices Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. GE FACTS Devices Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. FGI FACTS Devices Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. Toshiba FACTS Devices Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Taikai Power Electronic Co.,Ltd FACTS Devices Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Sieyuan Electric Co., Ltd FACTS Devices Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. Hyosung FACTS Devices Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 51. NR Electric Co., Ltd FACTS Devices Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 52. AMSC FACTS Devices Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
