Flexible AC Transmission System Market By Compensation Type, By Controller, By Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Flexible AC Transmission System Market," The flexible ac transmission system market was valued at $1.2 billion in 2022, and is estimated to reach $2.3 billion by 2032, growing at a CAGR of 7% from 2023 to 2032.

Flexible AC Transmission System Market - IMG1

The flexible AC transmission systems (FACTS) market analysis is anticipated to expand significantly during the forecast period owing to the advancement of electric power transmission system, increase in demand for controllability of power systems, and need of high reliability under contingencies across the globe. In addition, the flexible AC transmission systems (FACTS) market is anticipated to benefit from the emergence of smart grids and an increase in dependency on renewable energy resources during the forecast period. On the contrary, high initial cost of installation is anticipated to limit the growth of the flexible AC transmission systems (FACTS) market during the forecast period.

The flexible AC transmission systems (FACTS) market is segmented on the basis of compensation type, controller, industry vertical and region. On the basis of compensation type, the market is divided into series compensation, shunt compensation, and combined series-shunt compensation. On the basis of controller, the market is segregated into static synchronous compensator (STATCOM), static VAR compensator (SVC) , unified power flow controller (UPFC), thyristor controlled series compensator (TCSC), and Others. On the basis of industry vertical, the market is bifurcated into Oil and Gas , Electric Utility , Railways , and others. Region-wise, the flexible AC transmission systems (FACTS) market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia , and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players profiled in the report include: ABB Ltd, Adani Power Ltd, ALSTOM SA, CG Power and Industrial Solutions Limited, Eaton Corporation, General Electric, Hyosung Corporation, Mitsubishi Electric Corporation, NR Electric Co. Ltd, and Siemens AG. Market players have adopted various strategies such as product launch, product development, and acquisition to expand their foothold in the flexible AC transmission systems (FACTS) market.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flexible ac transmission system market analysis from 2022 to 2032 to identify the prevailing flexible ac transmission system market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the flexible ac transmission system market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global flexible ac transmission system market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Compensation Type

Series compensation
Shunt compensation
Combined series-shunt compensation

By Controller

Static Synchronous Compensator (STATCOM)
Static VAR Compensator (SVC)
Unified Power Flow Controller (UPFC)
Thyristor Controlled Series Compensator (TCSC)
Others

By Industry Vertical

Oil and Gas
Electric Utility
Railways
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

Alstom SA
Hyosung Corporation.
NR Electric Co., Ltd.
Siemens
Adani Power Ltd
Eaton Corporation
Mitsubishi Electric Corporation
General Electric
ABB Ltd.
CG Power and Industrial Solutions Limited.

Product Code: A00672

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Advancement of electric power transmission system
  - 3.4.1.2. Increase in demand for controllability of power systems
  - 3.4.1.3. Need of high reliability under contingencies

3.4.2. Restraints
- 3.4.2.1. High initial cost of installation

3.4.3. Opportunities
- 3.4.3.1. Emergence of smart grids & increase in dependency on renewable energy resources

3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: FLEXIBLE AC TRANSMISSION SYSTEM MARKET, BY COMPENSATION TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Series compensation
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Shunt compensation
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Combined series-shunt compensation
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: FLEXIBLE AC TRANSMISSION SYSTEM MARKET, BY CONTROLLER

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Static Synchronous Compensator (STATCOM)
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Static VAR Compensator (SVC)
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Unified Power Flow Controller (UPFC)
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Thyristor Controlled Series Compensator (TCSC)
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
5.6. Others
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country

CHAPTER 6: FLEXIBLE AC TRANSMISSION SYSTEM MARKET, BY INDUSTRY VERTICAL

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Oil and Gas
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Electric Utility
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Railways
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Others
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country

CHAPTER 7: FLEXIBLE AC TRANSMISSION SYSTEM MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Compensation Type
- 7.2.3. Market size and forecast, by Controller
- 7.2.4. Market size and forecast, by Industry Vertical
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Key market trends, growth factors and opportunities
  - 7.2.5.1.2. Market size and forecast, by Compensation Type
  - 7.2.5.1.3. Market size and forecast, by Controller
  - 7.2.5.1.4. Market size and forecast, by Industry Vertical
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Key market trends, growth factors and opportunities
  - 7.2.5.2.2. Market size and forecast, by Compensation Type
  - 7.2.5.2.3. Market size and forecast, by Controller
  - 7.2.5.2.4. Market size and forecast, by Industry Vertical
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Key market trends, growth factors and opportunities
  - 7.2.5.3.2. Market size and forecast, by Compensation Type
  - 7.2.5.3.3. Market size and forecast, by Controller
  - 7.2.5.3.4. Market size and forecast, by Industry Vertical
7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Compensation Type
- 7.3.3. Market size and forecast, by Controller
- 7.3.4. Market size and forecast, by Industry Vertical
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. UK
  - 7.3.5.1.1. Key market trends, growth factors and opportunities
  - 7.3.5.1.2. Market size and forecast, by Compensation Type
  - 7.3.5.1.3. Market size and forecast, by Controller
  - 7.3.5.1.4. Market size and forecast, by Industry Vertical
  - 7.3.5.2. Germany
  - 7.3.5.2.1. Key market trends, growth factors and opportunities
  - 7.3.5.2.2. Market size and forecast, by Compensation Type
  - 7.3.5.2.3. Market size and forecast, by Controller
  - 7.3.5.2.4. Market size and forecast, by Industry Vertical
  - 7.3.5.3. France
  - 7.3.5.3.1. Key market trends, growth factors and opportunities
  - 7.3.5.3.2. Market size and forecast, by Compensation Type
  - 7.3.5.3.3. Market size and forecast, by Controller
  - 7.3.5.3.4. Market size and forecast, by Industry Vertical
  - 7.3.5.4. Italy
  - 7.3.5.4.1. Key market trends, growth factors and opportunities
  - 7.3.5.4.2. Market size and forecast, by Compensation Type
  - 7.3.5.4.3. Market size and forecast, by Controller
  - 7.3.5.4.4. Market size and forecast, by Industry Vertical
  - 7.3.5.5. Rest of Europe
  - 7.3.5.5.1. Key market trends, growth factors and opportunities
  - 7.3.5.5.2. Market size and forecast, by Compensation Type
  - 7.3.5.5.3. Market size and forecast, by Controller
  - 7.3.5.5.4. Market size and forecast, by Industry Vertical
7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Compensation Type
- 7.4.3. Market size and forecast, by Controller
- 7.4.4. Market size and forecast, by Industry Vertical
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Key market trends, growth factors and opportunities
  - 7.4.5.1.2. Market size and forecast, by Compensation Type
  - 7.4.5.1.3. Market size and forecast, by Controller
  - 7.4.5.1.4. Market size and forecast, by Industry Vertical
  - 7.4.5.2. India
  - 7.4.5.2.1. Key market trends, growth factors and opportunities
  - 7.4.5.2.2. Market size and forecast, by Compensation Type
  - 7.4.5.2.3. Market size and forecast, by Controller
  - 7.4.5.2.4. Market size and forecast, by Industry Vertical
  - 7.4.5.3. Japan
  - 7.4.5.3.1. Key market trends, growth factors and opportunities
  - 7.4.5.3.2. Market size and forecast, by Compensation Type
  - 7.4.5.3.3. Market size and forecast, by Controller
  - 7.4.5.3.4. Market size and forecast, by Industry Vertical
  - 7.4.5.4. Australia
  - 7.4.5.4.1. Key market trends, growth factors and opportunities
  - 7.4.5.4.2. Market size and forecast, by Compensation Type
  - 7.4.5.4.3. Market size and forecast, by Controller
  - 7.4.5.4.4. Market size and forecast, by Industry Vertical
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Key market trends, growth factors and opportunities
  - 7.4.5.5.2. Market size and forecast, by Compensation Type
  - 7.4.5.5.3. Market size and forecast, by Controller
  - 7.4.5.5.4. Market size and forecast, by Industry Vertical
7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Compensation Type
- 7.5.3. Market size and forecast, by Controller
- 7.5.4. Market size and forecast, by Industry Vertical
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Latin America
  - 7.5.5.1.1. Key market trends, growth factors and opportunities
  - 7.5.5.1.2. Market size and forecast, by Compensation Type
  - 7.5.5.1.3. Market size and forecast, by Controller
  - 7.5.5.1.4. Market size and forecast, by Industry Vertical
  - 7.5.5.2. Middle East
  - 7.5.5.2.1. Key market trends, growth factors and opportunities
  - 7.5.5.2.2. Market size and forecast, by Compensation Type
  - 7.5.5.2.3. Market size and forecast, by Controller
  - 7.5.5.2.4. Market size and forecast, by Industry Vertical
  - 7.5.5.3. Africa
  - 7.5.5.3.1. Key market trends, growth factors and opportunities
  - 7.5.5.3.2. Market size and forecast, by Compensation Type
  - 7.5.5.3.3. Market size and forecast, by Controller
  - 7.5.5.3.4. Market size and forecast, by Industry Vertical

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. ABB Ltd.
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
9.2. Adani Power Ltd
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. Alstom SA
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
9.4. CG Power and Industrial Solutions Limited.
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
9.5. Eaton Corporation
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
9.6. General Electric
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
9.7. Hyosung Corporation.
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
9.8. Mitsubishi Electric Corporation
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
9.9. NR Electric Co., Ltd.
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
9.10. Siemens
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance