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Flexible AC Transmission System (FACTS) Market Size, Value And Growth Trajectory Through 2030
The flexible ac transmission system (facts) market size has seen substantial growth recently. It will grow from $1.45 billion in 2025 to $1.54 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. Historically, this expansion is attributable to several factors, including an escalating demand for stable power transmission, the deployment of early shunt and series compensators, the enlargement of industrial and utility power networks, the necessity for voltage regulation and oscillation damping, and the increasing integration of high-capacity transmission lines.
The flexible ac transmission system (facts) market size is anticipated to expand significantly in the coming years. It is projected to reach $2.01 billion in 2030, exhibiting a compound annual growth rate (CAGR) of 6.8%. This expansion during the forecast period is propelled by factors such as the increasing incorporation of renewable energy, the proliferation of smart grid installations, a growing demand for dynamic power flow management, the broadening scope of industrial and railway electrification, and enhancements in real-time monitoring and voltage stability innovations. Noteworthy patterns expected in this period involve the implementation of statcom and svc solutions for regulating voltage, the utilization of upfc and tcsc for boosting transmission capacity, the incorporation of sophisticated power flow control and stabilization mechanisms, the establishment of real-time monitoring and control infrastructure, and the wider application of facts solutions across industrial and renewable energy sectors.
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Flexible AC Transmission System (FACTS) Market Growth Factors Behind Sustained Expansion
The flexible AC transmission systems market is anticipated to grow due to the expanding grid infrastructure. Grid infrastructure encompasses the network of power plants, power lines, and power substations. Flexible AC Transmission Networks (FACTS) are employed within this grid infrastructure to boost transmission line capacity and improve system stability by reducing a power line’s transfer reactance. For example, in September 2024, the International Energy Agency, a France-based intergovernmental organization, disclosed that investments in electricity grids rose by approximately 8% in 2022. Furthermore, the agency highlighted that smart grid investments must more than double by 2030 to meet the target of achieving Net Zero Emissions by 2050. Consequently, the expansion of grid infrastructure is fueling the growth of the flexible AC transmission systems market moving forward.
Flexible AC Transmission System (FACTS) Market Segment Landscape And Growth Outlook
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
Flexible AC Transmission System (FACTS) Market Industry Trends Fueling Future Revenue Growth
Leading companies in the flexible AC transmission systems market are focusing on alliances to sustain their presence. Such partnerships in FACTS can accelerate technological progress, decrease expenditures, reduce potential risks, and enable a more swift and effective deployment of these systems within the power grid infrastructure, ultimately benefiting both the industry and end-users. For instance, in September 2023, Hitachi, a Japan-based company known for its diverse business sectors, including power systems, electronic systems, and equipment, partnered with TenneT, a Europe-based transmission system operator, to support the expansion of Germany’s transmission grid. The aim of this strategic collaboration is to expedite the energy transition by employing sustainable and high-performing equipment to upgrade and bolster the capacity and stability of the power grid.
Flexible AC Transmission System (FACTS) Market Company Landscape And Competitive Strategy
Major companies operating in the flexible ac transmission system (facts) market are 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, 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, Hitachi ABB Power Grids Ltd., Crompton Greaves Limited
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Flexible AC Transmission System (FACTS) Market Largest Region: Which Geography Holds The Biggest Share?
North America was the largest region in the flexible AC transmission systems (FACTS) market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.