Asia Pacific Flexible AC Transmission System Market Size, Share & Industry Trends Analysis Report By Controller, By Vertical (Electric Utility, Oil & Gas, Railways, and Others), By Compensation Type, By Country and Growth Forecast, 2023

List of Tables

The Asia Pacific Flexible AC Transmission System Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030).

Flexible alternating current transmission system (FACTS) devices, such as static var compensators (SVC) and static synchronous compensators (STATCOM), are utilized in power systems to regulate voltage levels and maintain voltage stability. They compensate for reactive power and mitigate voltage fluctuations caused by variable load conditions or grid disturbances. Flexible alternating current transmission system (FACTS) components, like thyristor-controlled series capacitors (TCSC), unified power flow controllers (UPFC), and static synchronous series compensators (SSSC), enable active and reactive power flow control in transmission lines. They can adjust line impedance, enhance power transfer capacity, and optimize power flow distribution within the grid.

Demand for grid optimization, renewable energy integration, and power quality enhancement has steadily increased over the years, propelling the growth of the market. The market size is expected to increase over the next few years. Grid modernization initiatives, which seek to upgrade aging infrastructure and enhance grid flexibility and dependability, have been a significant factor in deploying FACTS devices. Governments and utilities are investing in modernizing transmission systems, creating a tremendous opportunity for market share of flexible AC transmission systems.

The Asia Pacific region is known for its rapid economic growth and industrialization. As economies expand and urbanize, the demand for electricity rises, necessitating upgrades and enhancements to the power grid. FACTS technologies help optimize existing infrastructure to meet growing energy demands. Many countries in Asia are investing in expanding and modernizing their power grids to improve grid reliability and efficiency. FACTS devices are integral to grid modernization efforts, enabling the efficient use of transmission lines and better power flow management. As a result, the demand for FACTS will increase, and market growth will drive in this region.

The China market dominated the Asia Pacific Flexible AC Transmission System Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $140.8 Million by 2030. The Japan market is registering a CAGR of 6.5% during (2023 - 2030). Additionally, The India market would experience a CAGR of 7.8% during (2023 - 2030).

Based on Controller, the market is segmented into Static VAR Compensator (SVC), Static Synchronous Compensator (STATCOM), Unified Power, low Controller (UPFC), Thyristor Controlled Series Compensator (TCSC), and Others. Based on Vertical, the market is segmented into Electric Utility, Oil & Gas, Railways, and Others. Based on Compensation Type, the market is segmented into Series Compensation, Combined series-shunt Compensation, and Shunt Compensation. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include ABB Group, Adani Power Limited, Alstom SA, CG Power and Industrial Solutions Limited, Eaton Corporation PLC, General Electric Company, Hyosung Corporation, Mitsubishi Electric Corporation, NR Electric Co., Ltd., Siemens AG.

Scope of the Study

Market Segments covered in the Report:

By Controller

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

By Vertical

Electric Utility
Oil & Gas
Railways
Others

By Compensation Type

Series Compensation
Combined series-shunt Compensation
Shunt Compensation

By Country

China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific

Companies Profiled

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

Unique Offerings from KBV Research

Exhaustive coverage
Highest number of market tables and figures
Subscription based model available
Guaranteed best price
Assured post sales research support with 10% customization free

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Asia Pacific Flexible AC Transmission System Market, by Controller
- 1.4.2 Asia Pacific Flexible AC Transmission System Market, by Vertical
- 1.4.3 Asia Pacific Flexible AC Transmission System Market, by Compensation Type
- 1.4.4 Asia Pacific Flexible AC Transmission System Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
3.3 Porter's Five Forces Analysis

Chapter 4. Asia Pacific Flexible AC Transmission System Market, by Controller

4.1 Asia Pacific Static VAR Compensator (SVC) Market, by Country
4.2 Asia Pacific Static Synchronous Compensator (STATCOM) Market, by Country
4.3 Asia Pacific Unified Power Flow Controller (UPFC) Market, by Country
4.4 Asia Pacific Thyristor Controlled Series Compensator (TCSC) Market, by Country
4.5 Asia Pacific Others Market, by Country

Chapter 5. Asia Pacific Flexible AC Transmission System Market, by Vertical

5.1 Asia Pacific Electric Utility Market, by Country
5.2 Asia Pacific Oil & Gas Market, by Country
5.3 Asia Pacific Railways Market, by Country
5.4 Asia Pacific Others Market, by Country

Chapter 6. Asia Pacific Flexible AC Transmission System Market, by Compensation Type

6.1 Asia Pacific Series Compensation Market, by Country
6.2 Asia Pacific Combined series-shunt Compensation Market, by Country
6.3 Asia Pacific Shunt Compensation Market, by Country

Chapter 7. Asia Pacific Flexible AC Transmission System Market, by Country

7.1 China Flexible AC Transmission System Market
- 7.1.1 China Flexible AC Transmission System Market, by Controller
- 7.1.2 China Flexible AC Transmission System Market, by Vertical
- 7.1.3 China Flexible AC Transmission System Market, by Compensation Type
7.2 Japan Flexible AC Transmission System Market
- 7.2.1 Japan Flexible AC Transmission System Market, by Controller
- 7.2.2 Japan Flexible AC Transmission System Market, by Vertical
- 7.2.3 Japan Flexible AC Transmission System Market, by Compensation Type
7.3 India Flexible AC Transmission System Market
- 7.3.1 India Flexible AC Transmission System Market, by Controller
- 7.3.2 India Flexible AC Transmission System Market, by Vertical
- 7.3.3 India Flexible AC Transmission System Market, by Compensation Type
7.4 South Korea Flexible AC Transmission System Market
- 7.4.1 South Korea Flexible AC Transmission System Market, by Controller
- 7.4.2 South Korea Flexible AC Transmission System Market, by Vertical
- 7.4.3 South Korea Flexible AC Transmission System Market, by Compensation Type
7.5 Singapore Flexible AC Transmission System Market
- 7.5.1 Singapore Flexible AC Transmission System Market, by Controller
- 7.5.2 Singapore Flexible AC Transmission System Market, by Vertical
- 7.5.3 Singapore Flexible AC Transmission System Market, by Compensation Type
7.6 Malaysia Flexible AC Transmission System Market
- 7.6.1 Malaysia Flexible AC Transmission System Market, by Controller
- 7.6.2 Malaysia Flexible AC Transmission System Market, by Vertical
- 7.6.3 Malaysia Flexible AC Transmission System Market, by Compensation Type
7.7 Rest of Asia Pacific Flexible AC Transmission System Market
- 7.7.1 Rest of Asia Pacific Flexible AC Transmission System Market, by Controller
- 7.7.2 Rest of Asia Pacific Flexible AC Transmission System Market, by Vertical
- 7.7.3 Rest of Asia Pacific Flexible AC Transmission System Market, by Compensation Type

Chapter 8. Company Profiles

8.1 ABB Group
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 SWOT Analysis
8.2 Adani Power Limited
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expenses
- 8.2.5 SWOT Analysis
8.3 Alstom SA
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 SWOT Analysis
8.4 CG Power & Industrial Solutions Ltd. (Murugappa Group)
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 SWOT Analysis
8.5 Eaton Corporation PLC
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expense
- 8.5.5 SWOT Analysis
8.6 General Electric Company
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent strategies and developments:
  - 8.6.5.1 Product Launches and Product Expansions:
- 8.6.6 SWOT Analysis
8.7 Hyosung Corporation
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Research & Development Expenses
- 8.7.4 SWOT Analysis
8.8 Mitsubishi Electric Corporation
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 Recent strategies and developments:
  - 8.8.5.1 Product Launches and Product Expansions:
- 8.8.6 SWOT Analysis
8.9 NR Electric Co., Ltd. (NARI Technology Development Limited Co.)
- 8.9.1 Company Overview
- 8.9.2 SWOT Analysis
8.10. Siemens AG
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expense
- 8.10.5 Recent strategies and developments:
  - 8.10.5.1 Acquisition and Mergers:
- 8.10.6 SWOT Analysis

LIST OF TABLES

TABLE 1 Asia Pacific Flexible AC Transmission System Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Flexible AC Transmission System Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Flexible AC Transmission System Market, by Controller, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Flexible AC Transmission System Market, by Controller, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Static VAR Compensator (SVC) Market, by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Static VAR Compensator (SVC) Market, by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Static Synchronous Compensator (STATCOM) Market, by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Static Synchronous Compensator (STATCOM) Market, by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Unified Power Flow Controller (UPFC) Market, by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Unified Power Flow Controller (UPFC) Market, by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Thyristor Controlled Series Compensator (TCSC) Market, by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Thyristor Controlled Series Compensator (TCSC) Market, by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Others Market, by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Others Market, by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Flexible AC Transmission System Market, by Vertical, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Flexible AC Transmission System Market, by Vertical, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Electric Utility Market, by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Electric Utility Market, by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Oil & Gas Market, by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Oil & Gas Market, by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Railways Market, by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Railways Market, by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Others Market, by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Others Market, by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Flexible AC Transmission System Market, by Compensation Type, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Flexible AC Transmission System Market, by Compensation Type, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Series Compensation Market, by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Series Compensation Market, by Country, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Combined series-shunt Compensation Market, by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Combined series-shunt Compensation Market, by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Shunt Compensation Market, by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Shunt Compensation Market, by Country, 2023 - 2030, USD Million
TABLE 33 Asia Pacific Flexible AC Transmission System Market, by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Flexible AC Transmission System Market, by Country, 2023 - 2030, USD Million
TABLE 35 China Flexible AC Transmission System Market, 2019 - 2022, USD Million
TABLE 36 China Flexible AC Transmission System Market, 2023 - 2030, USD Million
TABLE 37 China Flexible AC Transmission System Market, by Controller, 2019 - 2022, USD Million
TABLE 38 China Flexible AC Transmission System Market, by Controller, 2023 - 2030, USD Million
TABLE 39 China Flexible AC Transmission System Market, by Vertical, 2019 - 2022, USD Million
TABLE 40 China Flexible AC Transmission System Market, by Vertical, 2023 - 2030, USD Million
TABLE 41 China Flexible AC Transmission System Market, by Compensation Type, 2019 - 2022, USD Million
TABLE 42 China Flexible AC Transmission System Market, by Compensation Type, 2023 - 2030, USD Million
TABLE 43 Japan Flexible AC Transmission System Market, 2019 - 2022, USD Million
TABLE 44 Japan Flexible AC Transmission System Market, 2023 - 2030, USD Million
TABLE 45 Japan Flexible AC Transmission System Market, by Controller, 2019 - 2022, USD Million
TABLE 46 Japan Flexible AC Transmission System Market, by Controller, 2023 - 2030, USD Million
TABLE 47 Japan Flexible AC Transmission System Market, by Vertical, 2019 - 2022, USD Million
TABLE 48 Japan Flexible AC Transmission System Market, by Vertical, 2023 - 2030, USD Million
TABLE 49 Japan Flexible AC Transmission System Market, by Compensation Type, 2019 - 2022, USD Million
TABLE 50 Japan Flexible AC Transmission System Market, by Compensation Type, 2023 - 2030, USD Million
TABLE 51 India Flexible AC Transmission System Market, 2019 - 2022, USD Million
TABLE 52 India Flexible AC Transmission System Market, 2023 - 2030, USD Million
TABLE 53 India Flexible AC Transmission System Market, by Controller, 2019 - 2022, USD Million
TABLE 54 India Flexible AC Transmission System Market, by Controller, 2023 - 2030, USD Million
TABLE 55 India Flexible AC Transmission System Market, by Vertical, 2019 - 2022, USD Million
TABLE 56 India Flexible AC Transmission System Market, by Vertical, 2023 - 2030, USD Million
TABLE 57 India Flexible AC Transmission System Market, by Compensation Type, 2019 - 2022, USD Million
TABLE 58 India Flexible AC Transmission System Market, by Compensation Type, 2023 - 2030, USD Million
TABLE 59 South Korea Flexible AC Transmission System Market, 2019 - 2022, USD Million
TABLE 60 South Korea Flexible AC Transmission System Market, 2023 - 2030, USD Million
TABLE 61 South Korea Flexible AC Transmission System Market, by Controller, 2019 - 2022, USD Million
TABLE 62 South Korea Flexible AC Transmission System Market, by Controller, 2023 - 2030, USD Million
TABLE 63 South Korea Flexible AC Transmission System Market, by Vertical, 2019 - 2022, USD Million
TABLE 64 South Korea Flexible AC Transmission System Market, by Vertical, 2023 - 2030, USD Million
TABLE 65 South Korea Flexible AC Transmission System Market, by Compensation Type, 2019 - 2022, USD Million
TABLE 66 South Korea Flexible AC Transmission System Market, by Compensation Type, 2023 - 2030, USD Million
TABLE 67 Singapore Flexible AC Transmission System Market, 2019 - 2022, USD Million
TABLE 68 Singapore Flexible AC Transmission System Market, 2023 - 2030, USD Million
TABLE 69 Singapore Flexible AC Transmission System Market, by Controller, 2019 - 2022, USD Million
TABLE 70 Singapore Flexible AC Transmission System Market, by Controller, 2023 - 2030, USD Million
TABLE 71 Singapore Flexible AC Transmission System Market, by Vertical, 2019 - 2022, USD Million
TABLE 72 Singapore Flexible AC Transmission System Market, by Vertical, 2023 - 2030, USD Million
TABLE 73 Singapore Flexible AC Transmission System Market, by Compensation Type, 2019 - 2022, USD Million
TABLE 74 Singapore Flexible AC Transmission System Market, by Compensation Type, 2023 - 2030, USD Million
TABLE 75 Malaysia Flexible AC Transmission System Market, 2019 - 2022, USD Million
TABLE 76 Malaysia Flexible AC Transmission System Market, 2023 - 2030, USD Million
TABLE 77 Malaysia Flexible AC Transmission System Market, by Controller, 2019 - 2022, USD Million
TABLE 78 Malaysia Flexible AC Transmission System Market, by Controller, 2023 - 2030, USD Million
TABLE 79 Malaysia Flexible AC Transmission System Market, by Vertical, 2019 - 2022, USD Million
TABLE 80 Malaysia Flexible AC Transmission System Market, by Vertical, 2023 - 2030, USD Million
TABLE 81 Malaysia Flexible AC Transmission System Market, by Compensation Type, 2019 - 2022, USD Million
TABLE 82 Malaysia Flexible AC Transmission System Market, by Compensation Type, 2023 - 2030, USD Million
TABLE 83 Rest of Asia Pacific Flexible AC Transmission System Market, 2019 - 2022, USD Million
TABLE 84 Rest of Asia Pacific Flexible AC Transmission System Market, 2023 - 2030, USD Million
TABLE 85 Rest of Asia Pacific Flexible AC Transmission System Market, by Controller, 2019 - 2022, USD Million
TABLE 86 Rest of Asia Pacific Flexible AC Transmission System Market, by Controller, 2023 - 2030, USD Million
TABLE 87 Rest of Asia Pacific Flexible AC Transmission System Market, by Vertical, 2019 - 2022, USD Million
TABLE 88 Rest of Asia Pacific Flexible AC Transmission System Market, by Vertical, 2023 - 2030, USD Million
TABLE 89 Rest of Asia Pacific Flexible AC Transmission System Market, by Compensation Type, 2019 - 2022, USD Million
TABLE 90 Rest of Asia Pacific Flexible AC Transmission System Market, by Compensation Type, 2023 - 2030, USD Million
TABLE 91 Key Information - ABB Group
TABLE 92 Key Information - Adani Power Limited
TABLE 93 Key Information - aLSTOM SA
TABLE 94 Key Information - CG Power & Industrial Solutions Ltd.
TABLE 95 key information - Eaton Corporation PLC
TABLE 96 Key Information - General Electric Company
TABLE 97 Key Information - HYOSUNG Corporation
TABLE 98 key information - Mitsubishi Electric Corporation
TABLE 99 Key information - NR Electric Co., Ltd.
TABLE 100 Key Information - Siemens AG

Asia Pacific Flexible AC Transmission System Market Size, Share & Industry Trends Analysis Report By Controller, By Vertical (Electric Utility, Oil & Gas, Railways, and Others), By Compensation Type, By Country and Growth Forecast, 2023 - 2030

Description

Table of Contents