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Flexible AC Transmission Systems (FACTS) global market

Flexible AC Transmission Systems (FACTS) global market

Global Flexible AC Transmission Systems (FACTS) Market Research Report 2026

Explore the latest insights on the Flexible AC Transmission Systems (FACTS) global market. Get detailed analysis on market size, share, industry trends, key drivers, competitive landscape, and future forecast up to 2030.

Pages: 210

Format: PDF

Date: 03-2026

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Global Flexible AC Transmission Systems (FACTS) Market Strategic Report (2025–2036)

Executive Summary

The global Flexible AC Transmission Systems (FACTS) market is entering a high-growth phase in 2026, driven by the critical need for grid stability amid the massive integration of intermittent renewable energy sources. As of 2024, the market was valued at approximately USD 1.16 billion and is projected to reach USD 1.77 billion by late 2025, expanding at a robust CAGR of 8.3% through 2036.

The market is highly concentrated, with the top nine manufacturers controlling roughly 86% of global revenue. This dominance is led by Hitachi Energy (formerly ABB Power Grids) and Siemens Energy, which together command over half of the market share. The industry is currently shifting toward "Smart FACTS" solutions that utilize AI-driven predictive maintenance and modular, prefabricated designs to accelerate grid modernization.

Market Segmentation Analysis

By Product Type

  • Shunt Compensation (SVC & STATCOM): The largest segment by volume. Static Synchronous Compensators (STATCOM) are the fastest-growing sub-segment (projected 8% CAGR) due to their superior ability to provide rapid reactive power support and voltage control in grids with high wind and solar penetration.
  • Series Compensation (TCSC & FSC): Crucial for long-distance transmission lines, particularly in North America and Brazil. It enhances the power transfer capability of existing lines, delaying the need for expensive new infrastructure.
  • Combined/Hybrid Systems (UPFC & IPFC): A high-value niche segment. The Unified Power Flow Controller (UPFC) is increasingly adopted for cross-border electricity exchange in Europe to manage complex power flow directions.

By Application & End-User

  • Utilities: The primary consumer base, focused on grid stability, congestion management, and aging infrastructure replacement.
  • Metal & Mining: Utilizing FACTS to mitigate voltage flicker caused by heavy electric arc furnaces and large motor starters.
  • Railways: Implementing SVC and STATCOM systems to balance unbalanced loads and improve the power factor in high-speed rail networks.
  • Renewable Energy Integration: A surging segment where FACTS devices are mandated at the point of interconnection for large-scale offshore wind farms and solar parks.

Key Market Players

The competitive landscape is defined by technological leadership and a global service footprint.

Manufacturer

Innovation Focus

Website Link

Hitachi Energy (ABB)

SVC Light® and advanced STATCOM technology

Visit Website

Siemens Energy

SVC PLUS® and AI-based Digital Twins

Visit Website

GE Vernova

Innovative Series Compensation & UPFC

Visit Website

Mitsubishi Electric

High-reliability Thyristor-based solutions

Visit Website

RXPE (Rongxin)

Large-scale SVC for industrial applications

Visit Website

Sieyuan Electric

Cost-effective modular STATCOM units

Visit Website

Hyosung Heavy Industries

Expanding footprints in North American utilities

Visit Website

Toshiba Energy Systems

Specialized grid stabilization for Japan & APAC

Visit Website

LS Electric

Smart grid and HVDC integration

Visit Website

Regional Analysis

  • North America: A dominant market (37.8% share). The United States is undergoing a massive grid overhaul to support the "Electrification of Everything," with over 150 new FACTS devices commissioned in the last year to mitigate aging infrastructure risks.
  • Europe: Historically the largest market (46% in 2017, now stabilizing at 30% share). Growth is driven by the European Green Deal and the need for advanced power flow control to manage cross-border wind energy from the North Sea.
  • Asia-Pacific: The fastest-growing region (CAGR 9.2%). China and India account for nearly 60% of regional demand, driven by massive ultra-high voltage (UHV) projects and the integration of desert-based solar hubs.
  • Middle East & Africa: Focused on inter-country grid synchronization and the "Green Hydrogen" infrastructure build-out in the Gulf.

Porter’s Five Forces Analysis

  1. Threat of New Entrants (Low): The high R&D intensity for high-voltage power electronics and the requirement for decades of proven grid reliability act as a massive barrier.
  2. Bargaining Power of Buyers (High): Utility companies and national grid operators (e.g., National Grid, State Grid) engage in large-scale tenders, forcing manufacturers to compete on total lifecycle costs and digital integration.
  3. Bargaining Power of Suppliers (Moderate): Suppliers of specialized power semiconductors (IGBTs/IGCTs) like Infineon hold significant leverage, especially during global silicon shortages.
  4. Threat of Substitutes (Low): While battery energy storage systems (BESS) can provide some ancillary services, they cannot replace the millisecond-fast voltage regulation and reactive power support provided by FACTS.
  5. Competitive Rivalry (Extreme): The top three players (Hitachi, Siemens, GE) are in a constant race to provide the smallest footprint and highest efficiency modular designs.

SWOT Analysis

Strengths

  • Essential for modernizing 20th-century grids for 21st-century renewables.
  • High technical barriers to entry protect profit margins of top players.
  • Proven ability to increase transmission capacity without new rights-of-way.

Weaknesses

  • High initial capital expenditure (CAPEX) compared to traditional transformers.
  • Complexity in control software requires specialized operator training.

Opportunities

  • AI-Integrated Grid: Using "Digital Twins" for real-time simulation and predictive maintenance.
  • Green Hydrogen: Powering massive electrolyzer plants that require stable voltage.

Threats

  • Supply chain disruptions for rare earth magnets and power semiconductors.
  • Protracted permitting processes for large-scale utility projects.

Geopolitical Impact: USA-Israel-Iran Conflict

As of April 2026, the intensification of the conflict in the Middle East has had direct structural impacts on the FACTS market:

  • The Energy-Supply Shock: With Brent Crude surging past USD 120 per barrel due to the closure of the Strait of Hormuz, global inflation has increased the cost of raw materials (copper, steel, and aluminum) used in FACTS fabrication by 18%.
  • Supply Chain Fragility: Delays in maritime logistics have extended the lead time for custom-built STATCOM systems from 12 months to 18–22 months.
  • Strategic Pivot: Governments in the U.S. and Europe have accelerated "Energy Sovereignty" initiatives, viewing FACTS as a critical tool to maximize the use of domestic renewables and reduce dependency on imported fossil fuels.

Value Chain Analysis

  1. R&D & Engineering: Designing high-speed control algorithms and modular power stacks.
  2. Component Sourcing: Procuring IGBTs, cooling systems, and specialized capacitors.
  3. Fabrication & Testing: Assembling outdoor-rated enclosures and performing factory acceptance tests (FAT).
  4. Installation & Commissioning: On-site civil works and grid-integration testing.
  5. Asset Management: Software updates and long-term service agreements (LTSA)—the highest margin segment.

Quick Recommendations for Stakeholders

  • For Utilities: Prioritize Modular FACTS. Prefabricated units reduce installation time by 30%, which is critical for meeting rapid renewable energy deadlines.
  • For Manufacturers: Focus on Grid-Forming Inverters. The next generation of FACTS must be able to provide "synthetic inertia" to grids that lack traditional heavy turbines.
  • For Investors: Monitor companies specializing in Digital Twin technology for power grids, as software-led optimization is the next frontier of revenue growth.

 

Table of Contents

1 Flexible AC Transmission Systems (FACTS) Market Overview    1
1.1 Product Overview and Scope of Flexible AC Transmission Systems (FACTS)    1
1.2 Flexible AC Transmission Systems (FACTS) Segment by Types (Product Category)    2
1.2.1 Global Flexible AC Transmission Systems (FACTS) Revenue and Growth (%) Comparison by Types     2
1.2.2 Global Flexible AC Transmission Systems (FACTS) Revenue Market Share (%) by Types in     2
1.2.3 Shunt Compensation    3
1.2.4 Series Compensation    3
1.3 Global Flexible AC Transmission Systems (FACTS) Segment by Applications    4
1.3.1 Global Flexible AC Transmission Systems (FACTS) Revenue (M USD) Comparison by Applications     4
1.3.2 Metal Industry    5
1.3.3 Railway    5
1.3.4 Mining    6
1.3.5 Utilities    6
1.4 Global Flexible AC Transmission Systems (FACTS) Market by Regions     7
1.4.1 Global Flexible AC Transmission Systems (FACTS) Market Size and Growth (%) Comparison by Regions     7
1.4.2 North America Flexible AC Transmission Systems (FACTS) Status and Prospect     8
1.4.3 Asia-Pacific Flexible AC Transmission Systems (FACTS) Status and Prospect     9
1.4.4 Europe Flexible AC Transmission Systems (FACTS) Status and Prospect     10
1.4.5 South America Flexible AC Transmission Systems (FACTS) Status and Prospect     11
1.4.6 Middle East and Africa Flexible AC Transmission Systems (FACTS) Status and Prospect     12
1.5 Global Flexible AC Transmission Systems (FACTS) Market Size     13
2 Global Flexible AC Transmission Systems (FACTS) Market Competition by Manufacturers/Brand    14
2.1 Global Flexible AC Transmission Systems (FACTS) Revenue and Share by Manufacturers     14
2.2 Global Flexible AC Transmission Systems (FACTS) Gross Margin and Share by Manufacturers     16
2.3 Manufacturers Flexible AC Transmission Systems (FACTS) Headquarter    17
2.4 Flexible AC Transmission Systems (FACTS) Market Competitive Situation and Trends    18
2.4.1 Flexible AC Transmission Systems (FACTS) Market Concentration Rate    18
2.4.2 Flexible AC Transmission Systems (FACTS) Market Share (%) of Top 3 and Top 5 Manufacturers    19
3 Global Flexible AC Transmission Systems (FACTS) Revenue by Regions     21
3.1 Global Flexible AC Transmission Systems (FACTS) Revenue and Market Share (%) by Regions     21
3.2 Global Flexible AC Transmission Systems (FACTS) Revenue and Gross Margin (%)     23
3.3 North America Flexible AC Transmission Systems (FACTS) Revenue and Gross Margin (%)     23
3.4 Europe Flexible AC Transmission Systems (FACTS) Revenue and Gross Margin (%)     23
3.5 Asia-Pacific Flexible AC Transmission Systems (FACTS) Revenue and Gross Margin (%)     24
3.6 South America Flexible AC Transmission Systems (FACTS) Production Value and Growth Rate (%)     24
3.7 Middle East and Africa Flexible AC Transmission Systems (FACTS) Revenue and Gross Margin (%)     25
4 Global Flexible AC Transmission Systems (FACTS) Production Value by Regions     26
4.1 Global Flexible AC Transmission Systems (FACTS) Production Value and Market Share (%) by Regions     26
4.3 North America Flexible AC Transmission Systems (FACTS) Production Value and Growth Rate (%)     28
4.4 Europe Flexible AC Transmission Systems (FACTS) Production Value and Growth Rate (%)      29
4.5 Asia-Pacific Flexible AC Transmission Systems (FACTS) Production Value and Growth Rate (%)     30
4.6 South America Flexible AC Transmission Systems (FACTS) Production Value and Growth Rate (%)     31
4.7 Middle East and Africa Flexible AC Transmission Systems (FACTS) Production Value and Growth Rate (%)     32
5 Global Flexible AC Transmission Systems (FACTS) Revenue, Revenue, Price Trend by Types    33
5.1 Global Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Market Share (%) by Types     33
5.2 Global Flexible AC Transmission Systems (FACTS) Revenue Growth by Type     35
6 Global Flexible AC Transmission Systems (FACTS) Market Analysis by Applications    36
6.1 Global Flexible AC Transmission Systems (FACTS) Revenue and Market Share (%) by Applications     36
6.2 Global Flexible AC Transmission Systems (FACTS) Revenue Growth Rate (%) by Applications     38
7 Analysis of Flexible AC Transmission Systems (FACTS) Industry Key Manufacturers    39
7.1 ABB    39
7.1.1 Company Profile    39
7.1.2 Product Information    40
7.1.3 Revenue and Gross Margin    40
7.2 Siemens    40
7.2.1 Company Profile    40
7.2.2 Product Information    42
7.2.3 Revenue and Gross Margin    42
7.3 RXPE    42
7.3.1 Company Profile    42
7.3.2 Product Information    44
7.3.3 Revenue and Gross Margin    44
7.4 Sieyuan Electric    45
7.4.1 Company Profile    45
7.4.2 Product Information    46
7.4.3 Revenue and Gross Margin    46
7.5 Mitsubishi Electric    47
7.5.1 Company Profile    47
7.5.2 Product Information    48
7.5.3 Revenue and Gross Margin    48
7.6 GE    49
7.6.1 Company Profile    49
7.6.2 Product Information    50
7.6.3 Revenue and Gross Margin    50
7.7 Toshiba    50
7.7.1 Company Profile    50
7.7.2 Product Information    51
7.7.3 Revenue and Gross Margin    52
7.8 AMSC    52
7.8.1 Company Profile    52
7.8.2 Product Information    53
7.8.3 Revenue and Gross Margin    54
7.9 Hyosung    54
7.9.1 Company Profile    54
7.9.2 Product Information    55
7.9.3 Revenue and Gross Margin    56
8 Flexible AC Transmission Systems (FACTS) Manufacturing Cost Analysis    57
8.1 Flexible AC Transmission Systems (FACTS) Key Raw Materials Analysis    57
8.1.1 Key Raw Materials    57
8.1.2 Price Trend of Key Raw Materials    58
8.1.3 Key Suppliers of Raw Materials    60
8.2 Proportion of Manufacturing Cost Structure    61
8.2.1 Raw Materials    62
8.2.2 Labor Cost    62
8.2.3 Manufacturing Expenses    67
8.3 Manufacturing Process Analysis of Flexible AC Transmission Systems (FACTS)    67
9 Industrial Chain, Sourcing Strategy and Downstream Buyers    68
9.1 Flexible AC Transmission Systems (FACTS) Industrial Chain Analysis    68
9.2 Upstream Raw Materials Sourcing    69
9.3 Downstream Buyers    69
10 Marketing Strategy Analysis, Distributors/Traders    70
10.1 Marketing Channel    70
10.1.1 Direct Marketing    70
10.1.2 Indirect Marketing    70
10.1.3 Marketing Channel Development Trend    70
10.2 Market Positioning    71
10.2.1 Pricing Strategy    71
10.2.2 Brand Strategy    72
10.3 Distributors/Traders List    73
11 Market Effect Factors Analysis    74
11.1 Technology Progress/Risk    74
11.2 Consumer Needs/Customer Preference Change    74
11.3 Economic/Political Environmental Change    74
12 Global Flexible AC Transmission Systems (FACTS) Market Forecast     84
12.1 Global Flexible AC Transmission Systems (FACTS) Revenue Forecast     84
12.2 Global Flexible AC Transmission Systems (FACTS) Revenue Forecast by Regions     84
12.2.1 North America Flexible AC Transmission Systems (FACTS) Revenue Forecast     86
12.2.2 Europe Flexible AC Transmission Systems (FACTS) Revenue Forecast     87
12.2.3 Asia-Pacific Flexible AC Transmission Systems (FACTS) Revenue Forecast     88
12.2.4 South America Flexible AC Transmission Systems (FACTS) Revenue Forecast     89
12.2.5 Middle East and Africa Flexible AC Transmission Systems (FACTS) Revenue Forecast     90
12.3 Global Flexible AC Transmission Systems (FACTS) Revenue Forecast by Type     90
12.4 Global Flexible AC Transmission Systems (FACTS) Revenue Forecast by Application     91
13 Research Findings and Conclusion    93
14 Methodology and Data Source    94
14.1 Methodology/Research Approach    94
14.1.1 Research Programs/Design    94
14.1.2 Market Size Estimation    95
14.1.3 Market Breakdown and Data Triangulation    96
14.2 Data Source    97
14.2.1 Secondary Sources    97
14.2.2 Primary Sources    98
14.3 Disclaimer    99
14.4 Author List    100


List of Tables and Figures

Figure Product Picture of Flexible AC Transmission Systems (FACTS)    1
Table Global Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Growth Rate (%) Comparison by Types (Product Category)     2
Figure Global Flexible AC Transmission Systems (FACTS) Revenue Market Share (%) by Types in     2
Figure Product Picture of Shunt Compensation    3
Figure Product Picture of Series Compensation    3
Table Global Flexible AC Transmission Systems (FACTS) Revenue (M USD) Comparison by Applications     4
Figure Global Flexible AC Transmission Systems (FACTS) Revenue Market Share (%) by Applications in     4
Figure Metal Industry Examples    5
Figure Railway Examples    5
Figure Mining Examples    6
Figure Utilities Examples    6
Table Global Market Flexible AC Transmission Systems (FACTS) Revenue (M USD) Comparison by Regions -    7
Figure North America Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Growth Rate (%)     8
Figure Asia-Pacific Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Growth Rate (%)     9
Figure Europe Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Growth Rate (%)     10
Figure South America Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Growth Rate (%)     11
Figure Middle East and Africa Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Growth Rate (%)     12
Figure Global Flexible AC Transmission Systems (FACTS) Revenue (M USD) Status and Outlook     13
Table Global Flexible AC Transmission Systems (FACTS) Revenue (M USD) of Key Manufacturers     14
Table Global Flexible AC Transmission Systems (FACTS) Revenue Share (%) by Manufacturers     14
Figure  Flexible AC Transmission Systems (FACTS) Revenue Share (%) by Manufacturers    15
Figure  Flexible AC Transmission Systems (FACTS) Revenue Share (%) by Manufacturers    16
Table Global Flexible AC Transmission Systems (FACTS) Gross Margin by Manufacturers     16
Table  Global Flexible AC Transmission Systems (FACTS) Gross Margin by Manufacturers    17
Table Manufacturers Flexible AC Transmission Systems (FACTS) Headquarter    17
Figure  Flexible AC Transmission Systems (FACTS) Revenue Share (%) by Manufacturers    18
Figure Flexible AC Transmission Systems (FACTS) Market Share (%) of Top 3 Manufacturers    19
Figure Flexible AC Transmission Systems (FACTS) Market Share (%) of Top 5 Manufacturers    20
Table Global Flexible AC Transmission Systems (FACTS) Revenue (M USD) by Regions     ??!??????
Table Global Flexible AC Transmission Systems (FACTS) Revenue Market Share (%) by Regions     ??!??????
Figure Global Flexible AC Transmission Systems (FACTS) Revenue Market Share (%) by Regions     ??!??????
Figure  Global Flexible AC Transmission Systems (FACTS) Revenue Market Share (%) by Regions    ??!??????
Table Global Flexible AC Transmission Systems (FACTS) Revenue and Gross Margin (%)     ??!??????
Table North America Flexible AC Transmission Systems (FACTS) Revenue and Gross Margin (%)     ??!??????
Table Europe Flexible AC Transmission Systems (FACTS) Revenue and Gross Margin (%)     ??!??????
Table Asia-Pacific Flexible AC Transmission Systems (FACTS) Revenue and Gross Margin (%)     ??!??????
Table South America Flexible AC Transmission Systems (FACTS) Revenue and Gross Margin (%)     ??!??????
Table Middle East and Africa Flexible AC Transmission Systems (FACTS) Revenue and Gross Margin (%)     ??!??????
Table Global Flexible AC Transmission Systems (FACTS) Production Value (M USD) by Regions     26
Table Global Flexible AC Transmission Systems (FACTS) Production Value Market Share (%) by Regions     26
Figure Global Flexible AC Transmission Systems (FACTS) Production Value Market Share (%) by Regions     27
Figure  Global Flexible AC Transmission Systems (FACTS) Production Value Market Share (%) by Regions    27
Figure North America Flexible AC Transmission Systems (FACTS) Production Value and Growth Rate (%)      28
Figure Europe Flexible AC Transmission Systems (FACTS) Production Value and Growth Rate (%)      29
Figure Asia-Pacific Flexible AC Transmission Systems (FACTS) Production Value and Growth Rate (%)     30
Figure South America Flexible AC Transmission Systems (FACTS) Production Value and Growth Rate (%)     31
Figure Middle East and Africa Flexible AC Transmission Systems (FACTS) Production Value and Growth Rate (%)     32
Figure Global Flexible AC Transmission Systems (FACTS) Revenue (M USD) by Types     33
Figure Global Flexible AC Transmission Systems (FACTS) Revenue Share (%) by Types     33
Figure Revenue Market Share (%) of Flexible AC Transmission Systems (FACTS) by Types     34
Figure  Revenue Market Share (%) of Flexible AC Transmission Systems (FACTS) by Types    34
Figure Global Flexible AC Transmission Systems (FACTS) Revenue Growth (%) by Type     35
Table Global Flexible AC Transmission Systems (FACTS) Revenue (M USD) by Applications     36
Table Global Flexible AC Transmission Systems (FACTS) Revenue Market Share (%) by Applications     36
Figure Global Flexible AC Transmission Systems (FACTS) Revenue Market Share (%) by Applications     37
Figure Global Flexible AC Transmission Systems (FACTS) Revenue Market Share (%) by Applications in     37
Table Global Flexible AC Transmission Systems (FACTS) Revenue Growth Rate (%) by Applications     38
Figure Global Flexible AC Transmission Systems (FACTS) Revenue Growth Rate (%) by Applications     38
Table ABB Company Profile    39
Figure Flexible AC Transmission Systems (FACTS) Product Picture of ABB    40
Table Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Gross Margin of ABB -    40
Table Siemens Company Profile    40
Figure Flexible AC Transmission Systems (FACTS) Product Picture of Siemens    42
Table Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Gross Margin of Siemens -    42
Table RXPE Company Profile    42
Figure Flexible AC Transmission Systems (FACTS) Product Picture of RXPE    44
Table Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Gross Margin of RXPE -    44
Table Sieyuan Electric Company Profile    45
Figure Flexible AC Transmission Systems (FACTS) Product Picture of Sieyuan Electric    46
Table Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Gross Margin of Sieyuan Electric -    46
Table Mitsubishi Electric Company Profile    47
Figure Flexible AC Transmission Systems (FACTS) Product Picture of Mitsubishi Electric    48
Table Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Gross Margin of Mitsubishi Electric -    48
Table GE Company Profile    49
Figure Flexible AC Transmission Systems (FACTS) Product Picture of GE    50
Table Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Gross Margin of GE -    50
Table Toshiba Company Profile    50
Figure Flexible AC Transmission Systems (FACTS) Product Picture of Toshiba    51
Table Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Gross Margin of Toshiba -    52
Table AMSC Company Profile    52
Figure Flexible AC Transmission Systems (FACTS) Product Picture of AMSC    53
Table Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Gross Margin of AMSC -    54
Table Hyosung Company Profile    54
Figure Flexible AC Transmission Systems (FACTS) Product Picture of Hyosung    55
Table Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Gross Margin of Hyosung -    56
Table Key Raw Materials    57
Figure 2011- Price Trend of Steel (USD/MT)    58
Figure 2011- Price Trend of Aluminum (USD/MT)    58
Figure 2011- Price Trend of Copper (USD/MT)    59
Figure 2012- Price Trend of Rubber (USD/MT)    59
Table Key Suppliers of Raw Materials    60
Table Manufacturing Cost Structure of Flexible AC Transmission Systems (FACTS)    61
Figure USA Labor Cost Analysis 2012-2016    62
Figure Cost of Employing a Factory Worker    64
Figure 2016 Estimated Labour Costs for the Whole Economy in Europe    65
Figure Monthly Minimum Wages in Asia 2016    66
Figure China Labor Costs -2016    66
Figure Manufacturing Process Analysis of Flexible AC Transmission Systems (FACTS)    67
Figure Flexible AC Transmission Systems (FACTS) Industrial Chain Analysis    68
Figure Global GDP Growth Rate for 2016    75
Figure Real GDP Growth 2016-2020 annual Average    76
Figure USA GDP 2008-2016 (Billion USD)    77
Figure USA GDP Growth Rate Change 2015-    77
Figure EU GDP 2008-2016 (Billion USD)    78
Figure EU GDP Growth Rate Change 2015-    78
Figure Germany GDP 2008-2016 (Billion USD)    79
Figure Germany GDP Growth Rate 2015-    79
Figure UK GDP 2008-2016 (Billion USD)    79
Figure UK GDP Growth Rate 2015-    80
Figure Italy GDP 2008-2016 (Billion USD)    80
Figure Italy GDP Growth Rate 2015-    80
Figure France GDP 2008-2016 (Billion USD)    81
Figure France GDP Growth Rate 2015-    81
Figure Japan GDP 2008-2016 (Billion USD)    81
Figure Japan GDP Growth Rate 2015-    82
Figure China GDP 2008-2016 (Billion USD)    82
Figure China GDP Growth Rate 2015-    82
Figure Global Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Growth Rate (%) Forecast     84
Table Global Flexible AC Transmission Systems (FACTS) Revenue (M USD) Forecast by Regions     84
Figure Global Flexible AC Transmission Systems (FACTS) Revenue Market Share (%) Forecast by Regions     85
Figure North America Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Growth Rate (%) Forecast     86
Figure Europe Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Growth Rate (%) Forecast     87
Figure Asia-Pacific Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Growth Rate (%) Forecast     88
Figure South America Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Growth Rate (%) Forecast     89
Figure Middle East and Africa Flexible AC Transmission Systems (FACTS) Revenue (M USD) and Growth Rate (%) Forecast     90
Table Global Flexible AC Transmission Systems (FACTS) Revenue (M USD) Forecast by Type     90
Figure Global Flexible AC Transmission Systems (FACTS) Revenue Market Share (%) Forecast by Type     91
Table Global Flexible AC Transmission Systems (FACTS) Revenue (M USD) Forecast by Application     91
Figure Global Flexible AC Transmission Systems (FACTS) Revenue Forecast by Application     92

Key Market Players

The competitive landscape is defined by technological leadership and a global service footprint.

Manufacturer

Innovation Focus

Website Link

Hitachi Energy (ABB)

SVC Light® and advanced STATCOM technology

Visit Website

Siemens Energy

SVC PLUS® and AI-based Digital Twins

Visit Website

GE Vernova

Innovative Series Compensation & UPFC

Visit Website

Mitsubishi Electric

High-reliability Thyristor-based solutions

Visit Website

RXPE (Rongxin)

Large-scale SVC for industrial applications

Visit Website

Sieyuan Electric

Cost-effective modular STATCOM units

Visit Website

Hyosung Heavy Industries

Expanding footprints in North American utilities

Visit Website

Toshiba Energy Systems

Specialized grid stabilization for Japan & APAC

Visit Website

LS Electric

Smart grid and HVDC integration

Visit Website

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