Flexible AC Transmission Systems Market Size By Configuration (Series, Shunt, Combined), By Product (SVC, TCSC, STATCOM, UPFC), By Voltage (132 kV to 220 kV, > 220 kV to 660 kV, > 660 kV), By Application (Steady State {Congestion Management, ATC Improvement, Reactive Power & Voltage Control, Loading Margin Improvement, Power Flow Balancing & Control}, Dynamic {Transient Stability Enhancement, Oscillation Damping, Dynamic Voltage Control, SSR Elimination, Power System Interconnection), By End Use (Utilities, Renewables [Wind (Onshore, Offshore), Solar], Smart Grid, Railways, Metal & Mining Industries, Oil & Gas), Industry Analysis Report, Regional Analysis, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Aug 2019  |  Report ID: GMI3182  |  Authors: Ankit Gupta, Abhishek Chopra

Report Format: PDF   |   Pages: 650   |   Base Year: 2018

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Flexible AC Transmission Systems Market in 2018 surpassed an annual deployment of 11’000 MVAr and is anticipated achieve over 9% CAGR up to 2025.

Germany Flexible AC Transmission Systems Market Size, By Product, 2018 & 2025 (USD Million)

Get more details on this report - Request Free Sample PDF

Rising penetration of distributed generation technologies and smart grid networks have impelled installers to abide by effective power supply units driving the flexible AC transmission systems market. Large scale suburban migration favoured by growing dependency on manufactured goods have aligned focus towards the expansion of residential, commercial and industrial based electricity networks. Moreover, penetration of heavy-duty industrial machineries along with large-scale motor control operations will further augment the product demand.

In the recent years, the industry has gained significant impetus on account of government schemes supporting the deployment and expansion of electricity grid networks along with stand-alone micro-grid projects across regions with limited or restricted access to electricity. In addition, expansion of process units, electric transportation networks, and special economic zones across developing nations have re-instated the technological adoption.

Flexible AC Transmission Systems Market Report Coverage
Report Coverage Details
Base Year:2018
Market Size in 2018:11000 MVAr 
Forecast Period:2019 to 2025
Forecast Period 2019 to 2025 CAGR:9%
2025 Value Projection:2.5 Billion (USD)
Historical Data for:2014 to 2018
No. of Pages:650
Tables, Charts & Figures:1,321
Segments covered:Configuration, Product, Voltage, Application, End Use, and Region
Growth Drivers:
  • North America and Europe
  • Stringent energy efficiency reforms
  • Expansion of smart grid networks
  • Refurbishment & retrofit of existing grid infrastructure
  • Asia Pacific
  • Rising peak load demand
  • Expansion of micro-grid networks
  • Grid stability & security of supply concerns
  • Middle East Africa and Latin America
  • Increasing electricity demand
  • Integration of a sustainable electrical network
Pitfalls & Challenges:
  • Slow paced technological evolution across developing regions
  • High dependency on imports

Get more details on this report - Request Free Sample PDF

Flexible AC Transmission Systems Market, By Configuration

Series controller units are predicted to grow at a CAGR of over 6% up to 2025. Growing transmission capacity, lesser installation time and improved system stability are the key features favouring the deployment of series FACTS market. Moreover, consumer tendencies towards a secure living environment in coalition to longer life expectancy of the energy infrastructure will further stimulate the industry outlook.

Low installation cost when compared to the available counterparts, improved efficiency along with higher rating across distribution circuits are the few indispensable features favouring the demand for shunt systems. Moreover, lack of effective electric network across developing countries coupled with a paradigm shift toward the refurbishment of existing infrastructure have further infused a favourable business scenario.

Flexible AC Transmission Systems Market, By Product

In the current industrial regime, static synchronous compensator holds a major share owing to power factor and improved stability across utility systems. Capability to offer capacitive reactive power at the time of abnormal voltage drops & faults coupled with faster response subject to thyristor firing are the key factors favouring the product penetration.

The capability to limit voltage fluctuations, power oscillations, resonance for unbalanced loads across varying active or reactive supply have infused a positive scenario for SVC units. Rising integration of energy efficient, reliable, secure, fire-resistant and advanced electric devices have further energized the flexible AC transmission systems market growth.

Flexible AC Transmission Systems Market, By Voltage

The incorporation of sustainable energy infrastructure has compelled utilities and installers to focus on refurbishment of the prevailing electrical network. The conventional systems are being developed and enhanced dependent on the resonating frequencies & bandwidth to endure the volatility across sustainable networks. Henceforth, favourable consumer & regulatory inclination pertaining to the adoption of renewable electricity network will boost the overall industry growth.

China Flexible AC Transmission System Market Size, By Voltage (MVAr)

Get more details on this report - Request Free Sample PDF

> 220 kV to 660 kV units have gained substantial impetus owing to the retrofitting of small-scale industrial platforms and large-scale commercial establishment across developing regions. In addition, suburban migration leads to the growth of large residential complexes and multi-storey apartments, enhancing the product penetration. Rising dependence on large industries which include manufacturing facilities and power generation has further nurtured the FACTS market growth.

Flexible AC Transmission Systems Market, By Application

Increase of thermal loading, power flow control, loop flow control, decrease in short circuit level and post-contingency voltage control are the few indispensable parameters positively swaying the FACTS controller’s growth across the steady state applications. Furthermore, fast acting switching response, improved voltage stability, decreased losses and greater reliability in power systems will favour the global FACTS market.

Dynamic application will witness a significant growth on account of their efficient adoption to offer voltage control, transient stability enhancement, SSR elimination and oscillation damping. Current fluctuations, unbalanced load and harmonic volatility conditions have constantly been hindering grid sustainability and revenue realization across developing nations. Henceforth, increasing peak load demand in line with shifting inclination pertaining to efficient grid network will further boost the technological adoption.

Flexible AC Transmission Systems Market, By End Use

Transportation industry holds an appreciable industry share owing to immense dependability of utilities, government agencies, manufacturers, product suppliers, and similar dealers for the shipment of their processed products. Henceforth, safe and reliable electricity supply across these transport peripherals has gained impetus. In addition, rapid technological enhancements and industrial shift towards the integration of electric powered transportation units, yards and premises will stimulate the overall industry growth.

Utility aided grid infrastructure have been favoured by government & regulatory schemes toward electrical network installation. Positive government directives pertaining to rural electrification & the infusion of decentralized micro-grid setup across remote isolated areas have strengthened the industry potential. Moreover, adoption of sustainable electrical infrastructure positively influenced by investment from local regulatory institutions & authorities including the world bank and similar financial organizations across emerging regions will stimulate the business dynamics.

Flexible AC Transmission Systems (FACTS) Market, By Region

U.S. FACTS market is anticipated to reach over USD 270 million by 2025. Increasing demand on account of rising fund flow toward the advancement of long-distance grid network & refurbishment of local electric infrastructure have strengthened the industry scenario. In 2017, the U.S. Department of Energy (DOE) announced to invest USD 220 million to upgrade the country’s power grid network over the next three years.

Latin America Flexible AC Transmission System (FACTS) Market Size By Country, 2025 (USD Million)

Get more details on this report - Request Free Sample PDF

Competitive Market Share

Eminent industry participants include General Electric, ABB, Mitsubishi, Siemens, BHEL, NR Electric, Rongxin, Ingeteam, Hyosung, Infineon and American Superconductor.

Flexible AC Transmission Systems (FACTS) Industry Background  

A flexible AC transmission system is made up of static equipment utilized for the alternating current transmission of electrical energy. This device is used to increase power transfer capability and enhance controllability.

Frequently Asked Questions (FAQ) :

Overall flexible ac transmission systems market would exhibit a crcr of 9% through 2025.
flexible ac transmission systems market is likely to surpass a mammoth of $2.5 billion by the end of 2025.

Premium Report Details

  • Published Date: Aug 2019
  • Pages: 650
  • Tables: 1296
  • Charts / Figures: 25
  • Companies covered: 11
  • Countries covered: 23

Get a report that explains COVID-19 impact on this market

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

 Connect with our sales team

Chat with us
We use cookies to enhance user experience. (Privacy Policy) X