Global Flexible AC Transmission Systems (FACTS) Market Intelligence Brief (2026–2036)
Market Overview
The global FACTS market was valued at USD xxxx units in 2025 and is projected to reach USD xxxx units by 2036, growing at a CAGR of xx%. FACTS technologies enhance the controllability, stability, and efficiency of power transmission networks. They are increasingly adopted to improve grid reliability, integrate renewable energy, and optimize existing transmission infrastructure without the need for extensive new builds.
Impact of COVID-19
The pandemic disrupted infrastructure projects and slowed investments in 2020, particularly in energy and utility sectors. However, recovery in renewable energy projects, smart grid initiatives, and modernization of power infrastructure post-2021 accelerated demand for FACTS solutions, with emphasis on resilience and sustainability.
Market Segmentation
By Type
- Shunt Compensation (STATCOM, SVC)
- Series Compensation (TCSC, SSSC)
- Combined Series and Shunt Compensation (UPFC, IPFC)
- Hybrid FACTS Solutions
By Application
- Electric Power Transmission (long-distance, high-capacity grids)
- Renewable Energy Integration (wind, solar, hydro)
- Special Purpose Applications (industrial, defense, subsea cables)
- Smart Grids & Urban Distribution Networks
- Others (regional interconnections, microgrids)
Competitive Landscape – Key Players
- ABB Ltd.
- Siemens Energy
- GE Grid Solutions
- Alstom Grid
- Mitsubishi Electric Corporation
- Eaton Corporation
- American Electric Power
- Hyosung Corporation
- Adani Power Ltd.
- NR Electric Co. Ltd.
- Additional Players:
- Toshiba Corporation
- Schneider Electric SE
- Hitachi Energy (formerly Hitachi ABB Power Grids)
- Crompton Greaves Power & Industrial Solutions
- Bharat Heavy Electricals Limited (BHEL)
- TBEA Co. Ltd.
- China XD Group
- LS Electric Co. Ltd.
- Prysmian Group (cable solutions)
Regional Analysis
- North America: Strong demand for grid modernization, renewable integration, and cross-border transmission projects.
- Europe: Growth driven by offshore wind projects, EU decarbonization targets, and interconnection of national grids.
- Asia-Pacific: Fastest-growing region, led by China, India, and Japan; expansion in renewable energy, industrial power needs, and large-scale FACTS deployments.
- South America: Moderate growth, supported by hydroelectric projects and regional grid expansion.
- Middle East & Africa: Increasing adoption in cross-border transmission, oil & gas, and renewable energy projects.
Porter’s Five Forces
- Threat of New Entrants: Low – high capital investment and technical expertise required.
- Bargaining Power of Suppliers: Moderate – specialized suppliers of semiconductors, transformers, and cables hold leverage.
- Bargaining Power of Buyers: High – utilities and governments demand cost efficiency, reliability, and scalability.
- Threat of Substitutes: Low – FACTS remain unmatched for dynamic grid stability and reactive power control.
- Industry Rivalry: High – intense competition among global players with focus on innovation and large-scale projects.
SWOT Analysis
Strengths:
- Enhances grid stability and efficiency
- Essential for renewable energy integration
- Strong presence of established global players
Weaknesses:
- High upfront investment costs
- Complex installation and maintenance requirements
Opportunities:
- Expansion of offshore wind and solar projects
- Growth in smart grids and urban distribution networks
- Rising demand for cross-border interconnections
Threats:
- Regulatory hurdles and project delays
- Competition from advanced AC transmission technologies
- Supply chain disruptions in semiconductors and cables
Trend Analysis
- Increasing adoption of STATCOMs and UPFCs for dynamic grid stability
- Rising demand for FACTS in renewable energy integration
- Integration of digital monitoring and IoT technologies for predictive maintenance
- Expansion of hybrid FACTS solutions combining multiple compensation methods
- Growing emphasis on eco-friendly and recyclable materials in power electronics
Drivers & Challenges
Drivers:
- Rising global energy demand and grid modernization
- Expansion of renewable energy projects (wind, solar, hydro)
- Need for efficient cross-border power transmission
- Technological advancements in power electronics
Challenges:
- High capital costs and long project timelines
- Regulatory and environmental approval processes
- Supply chain constraints in specialized components
- Intense competition among global players
Value Chain Analysis
- Raw Material Suppliers – semiconductors, transformers, cables, power modules
- Manufacturers – FACTS system design, fabrication, and assembly
- Distributors/Contractors – EPC firms, project developers
- End Users – utilities, governments, industrial sectors, renewable energy developers
- Aftermarket Services – maintenance, upgrades, monitoring, digital integration
Quick Recommendations for Stakeholders
- Manufacturers: Focus on R&D for hybrid FACTS systems and digital monitoring solutions.
- Investors: Target Asia-Pacific and Europe where renewable energy and interconnection projects are expanding rapidly.
- Policy Makers: Support FACTS adoption through subsidies, streamlined approvals, and renewable integration mandates.
- End Users: Adopt FACTS systems for applications requiring scalability, reliability, and compliance with international standards.
1. Market Overview of Flexible AC Transmission Systems (FACTS)
1.1 Flexible AC Transmission Systems (FACTS) Market Overview
1.1.1 Flexible AC Transmission Systems (FACTS) Product Scope
1.1.2 Market Status and Outlook
1.2 Flexible AC Transmission Systems (FACTS) Market Size by Regions: 2015 VS 2021 VS 2026
1.3 Flexible AC Transmission Systems (FACTS) Historic Market Size by Regions
1.4 Flexible AC Transmission Systems (FACTS) Forecasted Market Size by Regions
1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
1.5.1 North America
1.5.2 East Asia
1.5.3 Europe
1.5.4 South Asia
1.5.5 Southeast Asia
1.5.6 Middle East
1.5.7 Africa
1.5.8 Oceania
1.5.9 South America
1.5.10 Rest of the World
1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
1.6.1 Covid-19 Impact: Global GDP Growth, 2019, 2020 and 2021 Projections
1.6.2 Covid-19 Impact: Commodity Prices Indices
1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Flexible AC Transmission Systems (FACTS) Sales Market by Type
2.1 Global Flexible AC Transmission Systems (FACTS) Historic Market Size by Type
2.2 Global Flexible AC Transmission Systems (FACTS) Forecasted Market Size by Type
2.3 Shunt Compensation
2.4 Series Compensation
2.5 Combined Series and Shunt Compensation
3. Covid-19 Impact Flexible AC Transmission Systems (FACTS) Sales Market by Application
3.1 Global Flexible AC Transmission Systems (FACTS) Historic Market Size by Application
3.2 Global Flexible AC Transmission Systems (FACTS) Forecasted Market Size by Application
3.3 Electric Power Transmission
3.4 Special Purpose Applications
3.5 Other
4. Covid-19 Impact Market Competition by Manufacturers
4.1 Global Flexible AC Transmission Systems (FACTS) Production Capacity Market Share by Manufacturers
4.2 Global Flexible AC Transmission Systems (FACTS) Revenue Market Share by Manufacturers
4.3 Global Flexible AC Transmission Systems (FACTS) Average Price by Manufacturers
5. Company Profiles and Key Figures in Flexible AC Transmission Systems (FACTS) Business
5.1 ABB
5.1.1 ABB Company Profile
5.1.2 ABB Flexible AC Transmission Systems (FACTS) Product Specification
5.1.3 ABB Flexible AC Transmission Systems (FACTS) Production Capacity, Revenue, Price and Gross Margin
5.2 Siemens
5.2.1 Siemens Company Profile
5.2.2 Siemens Flexible AC Transmission Systems (FACTS) Product Specification
5.2.3 Siemens Flexible AC Transmission Systems (FACTS) Production Capacity, Revenue, Price and Gross Margin
5.3 GE Grid Solutions
5.3.1 GE Grid Solutions Company Profile
5.3.2 GE Grid Solutions Flexible AC Transmission Systems (FACTS) Product Specification
5.3.3 GE Grid Solutions Flexible AC Transmission Systems (FACTS) Production Capacity, Revenue, Price and Gross Margin
5.4 Alstom
5.4.1 Alstom Company Profile
5.4.2 Alstom Flexible AC Transmission Systems (FACTS) Product Specification
5.4.3 Alstom Flexible AC Transmission Systems (FACTS) Production Capacity, Revenue, Price and Gross Margin
5.5 Mitsubishi Electric Corporation
5.5.1 Mitsubishi Electric Corporation Company Profile
5.5.2 Mitsubishi Electric Corporation Flexible AC Transmission Systems (FACTS) Product Specification
5.5.3 Mitsubishi Electric Corporation Flexible AC Transmission Systems (FACTS) Production Capacity, Revenue, Price and Gross Margin
5.6 Eaton Corporation
5.6.1 Eaton Corporation Company Profile
5.6.2 Eaton Corporation Flexible AC Transmission Systems (FACTS) Product Specification
5.6.3 Eaton Corporation Flexible AC Transmission Systems (FACTS) Production Capacity, Revenue, Price and Gross Margin
5.7 American Electric Power
5.7.1 American Electric Power Company Profile
5.7.2 American Electric Power Flexible AC Transmission Systems (FACTS) Product Specification
5.7.3 American Electric Power Flexible AC Transmission Systems (FACTS) Production Capacity, Revenue, Price and Gross Margin
5.8 Hyosung
5.8.1 Hyosung Company Profile
5.8.2 Hyosung Flexible AC Transmission Systems (FACTS) Product Specification
5.8.3 Hyosung Flexible AC Transmission Systems (FACTS) Production Capacity, Revenue, Price and Gross Margin
5.9 Adani Power
5.9.1 Adani Power Company Profile
5.9.2 Adani Power Flexible AC Transmission Systems (FACTS) Product Specification
5.9.3 Adani Power Flexible AC Transmission Systems (FACTS) Production Capacity, Revenue, Price and Gross Margin
5.10 NR Electric Co. LTD.
5.10.1 NR Electric Co. LTD. Company Profile
5.10.2 NR Electric Co. LTD. Flexible AC Transmission Systems (FACTS) Product Specification
5.10.3 NR Electric Co. LTD. Flexible AC Transmission Systems (FACTS) Production Capacity, Revenue, Price and Gross Margin
6. North America
6.1 North America Flexible AC Transmission Systems (FACTS) Market Size
6.2 North America Flexible AC Transmission Systems (FACTS) Key Players in North America
6.3 North America Flexible AC Transmission Systems (FACTS) Market Size by Type
6.4 North America Flexible AC Transmission Systems (FACTS) Market Size by Application
7. East Asia
7.1 East Asia Flexible AC Transmission Systems (FACTS) Market Size
7.2 East Asia Flexible AC Transmission Systems (FACTS) Key Players in North America
7.3 East Asia Flexible AC Transmission Systems (FACTS) Market Size by Type
7.4 East Asia Flexible AC Transmission Systems (FACTS) Market Size by Application
8. Europe
8.1 Europe Flexible AC Transmission Systems (FACTS) Market Size
8.2 Europe Flexible AC Transmission Systems (FACTS) Key Players in North America
8.3 Europe Flexible AC Transmission Systems (FACTS) Market Size by Type
8.4 Europe Flexible AC Transmission Systems (FACTS) Market Size by Application
9. South Asia
9.1 South Asia Flexible AC Transmission Systems (FACTS) Market Size
9.2 South Asia Flexible AC Transmission Systems (FACTS) Key Players in North America
9.3 South Asia Flexible AC Transmission Systems (FACTS) Market Size by Type
9.4 South Asia Flexible AC Transmission Systems (FACTS) Market Size by Application
10. Southeast Asia
10.1 Southeast Asia Flexible AC Transmission Systems (FACTS) Market Size
10.2 Southeast Asia Flexible AC Transmission Systems (FACTS) Key Players in North America
10.3 Southeast Asia Flexible AC Transmission Systems (FACTS) Market Size by Type
10.4 Southeast Asia Flexible AC Transmission Systems (FACTS) Market Size by Application
11. Middle East
11.1 Middle East Flexible AC Transmission Systems (FACTS) Market Size
11.2 Middle East Flexible AC Transmission Systems (FACTS) Key Players in North America
11.3 Middle East Flexible AC Transmission Systems (FACTS) Market Size by Type
11.4 Middle East Flexible AC Transmission Systems (FACTS) Market Size by Application
12. Africa
12.1 Africa Flexible AC Transmission Systems (FACTS) Market Size
12.2 Africa Flexible AC Transmission Systems (FACTS) Key Players in North America
12.3 Africa Flexible AC Transmission Systems (FACTS) Market Size by Type
12.4 Africa Flexible AC Transmission Systems (FACTS) Market Size by Application
13. Oceania
13.1 Oceania Flexible AC Transmission Systems (FACTS) Market Size
13.2 Oceania Flexible AC Transmission Systems (FACTS) Key Players in North America
13.3 Oceania Flexible AC Transmission Systems (FACTS) Market Size by Type
13.4 Oceania Flexible AC Transmission Systems (FACTS) Market Size by Application
14. South America
14.1 South America Flexible AC Transmission Systems (FACTS) Market Size
14.2 South America Flexible AC Transmission Systems (FACTS) Key Players in North America
14.3 South America Flexible AC Transmission Systems (FACTS) Market Size by Type
14.4 South America Flexible AC Transmission Systems (FACTS) Market Size by Application
15. Rest of the World
15.1 Rest of the World Flexible AC Transmission Systems (FACTS) Market Size
15.2 Rest of the World Flexible AC Transmission Systems (FACTS) Key Players in North America
15.3 Rest of the World Flexible AC Transmission Systems (FACTS) Market Size by Type
15.4 Rest of the World Flexible AC Transmission Systems (FACTS) Market Size by Application
16 Flexible AC Transmission Systems (FACTS) Market Dynamics
16.1 Covid-19 Impact Market Top Trends
16.2 Covid-19 Impact Market Drivers
16.3 Covid-19 Impact Market Challenges
16.4 Porter
Market Segmentation
By Type
- Shunt Compensation (STATCOM, SVC)
- Series Compensation (TCSC, SSSC)
- Combined Series and Shunt Compensation (UPFC, IPFC)
- Hybrid FACTS Solutions
By Application
- Electric Power Transmission (long-distance, high-capacity grids)
- Renewable Energy Integration (wind, solar, hydro)
- Special Purpose Applications (industrial, defense, subsea cables)
- Smart Grids & Urban Distribution Networks
- Others (regional interconnections, microgrids)
Competitive Landscape – Key Players
- ABB Ltd.
- Siemens Energy
- GE Grid Solutions
- Alstom Grid
- Mitsubishi Electric Corporation
- Eaton Corporation
- American Electric Power
- Hyosung Corporation
- Adani Power Ltd.
- NR Electric Co. Ltd.
- Additional Players:
- Toshiba Corporation
- Schneider Electric SE
- Hitachi Energy (formerly Hitachi ABB Power Grids)
- Crompton Greaves Power & Industrial Solutions
- Bharat Heavy Electricals Limited (BHEL)
- TBEA Co. Ltd.
- China XD Group
- LS Electric Co. Ltd.
- Prysmian Group (cable solutions)
