Flexible AC Transmission Systems (FACTS) Market

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Flexible AC Transmission Systems (FACTS) Market with Covid-19 Impact Analysis by Compensation Type (Shunt, Series, and Combined), Generation Type, Vertical, Component, Application, Functionality, and Geography - Global Forecast to 2035

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Report Code: SE 2099 Jun, 2026, by marketsandmarkets.com

Flexible AC Transmission Systems (FACTS) Market Summary

The global Flexible AC Transmission Systems (FACTS) market was valued at approximately USD 1.5 billion in 2024 and is projected to reach USD 3.9 billion by 2035, growing at a CAGR of 9.2% during the forecast period (2024–2035). The market is gaining significant momentum as power utilities and grid operators increasingly focus on enhancing transmission efficiency, grid stability, and renewable energy integration. The growing complexity of modern power grids, rising electricity demand, and the need to integrate intermittent renewable energy sources such as wind and solar are key drivers of market growth. Additionally, the adoption of artificial intelligence (AI), IoT-enabled smart grid systems, and automation in grid management is transforming the FACTS landscape. These technologies enable real-time monitoring, predictive maintenance, and dynamic voltage control, making FACTS solutions essential for the digital transformation of power infrastructure.

Key Market Trends & Insights

North America leads the FACTS market due to its advanced power infrastructure, early adoption of smart grid technologies, and strong investments in renewable energy integration.

Asia Pacific is the fastest-growing region, driven by rapid urbanization, increasing electricity demand, and large-scale investments in power transmission infrastructure in countries such as China and India.

Shunt compensation devices, particularly Static VAR Compensators (SVC) and Static Synchronous Compensators (STATCOM), dominate the market due to their widespread use in voltage regulation and reactive power management.

The integration of AI and machine learning in grid management is enabling predictive analytics, fault detection, and optimization of power flow, significantly enhancing system reliability.

The increasing deployment of renewable energy sources is driving demand for FACTS solutions to manage grid instability and variability.

Automation and digitalization of power grids are accelerating the adoption of advanced FACTS technologies, including real-time monitoring and remote control capabilities.

Market Size & Forecast

  • Base year market size (2024): USD 1.5 billion
  • Forecast value by 2035: USD 3.9 billion
  • CAGR (2024–2035): 9.2%
  • Growth is driven by renewable energy integration, smart grid development, increasing electricity demand, and AI-enabled grid optimization

Flexible AC Transmission Systems (FACTS) Market Top 10 key takeaway

  • Rising demand for efficient power transmission is driving market growth
  • Integration of renewable energy is a major growth catalyst
  • North America holds the largest market share
  • Asia Pacific is the fastest-growing region
  • Shunt compensation devices dominate the market
  • AI and IoT are transforming grid management
  • Automation is improving reliability and efficiency
  • Increasing investments in smart grids are boosting demand
  • Power utilities are key end users of FACTS solutions
  • Technological innovation is intensifying market competition

Product Insights

Shunt compensation devices, including Static VAR Compensators (SVC) and Static Synchronous Compensators (STATCOM), represent the leading product segment in the FACTS market. These systems are widely used for voltage regulation, reactive power compensation, and improving power quality in transmission networks. Their ability to stabilize voltage fluctuations and enhance grid reliability makes them indispensable for modern power systems.

Series compensation devices, such as Thyristor-Controlled Series Capacitors (TCSC), are also gaining traction, particularly in long-distance transmission networks. These devices improve power transfer capability and reduce transmission losses, making them suitable for high-capacity power lines.

Emerging product categories include unified power flow controllers (UPFC) and advanced hybrid FACTS devices that combine multiple functionalities. The integration of AI-based control systems and digital monitoring tools is enhancing the performance and efficiency of these products, enabling real-time optimization of power flow and system stability.

Technology / Component Insights

The FACTS market is driven by advanced power electronics, control systems, and digital communication technologies. Key components include thyristors, insulated gate bipolar transistors (IGBTs), and high-speed processors that enable precise control of power flow and voltage levels.

Artificial intelligence is playing a transformative role in grid management by enabling predictive maintenance, fault detection, and optimization of power distribution. AI algorithms analyze real-time data from sensors and monitoring systems to identify potential issues and recommend corrective actions.

IoT-enabled smart grid systems are facilitating real-time monitoring and control of transmission networks. Sensors and communication devices provide continuous data on voltage, current, and system performance, enabling proactive management and reducing downtime.

Cloud computing platforms are being used for data storage and analytics, enabling utilities to manage large volumes of data efficiently. Automation technologies, including remote control systems and self-healing grids, are further enhancing the reliability and resilience of power networks.

Future innovation trends include the development of digital twin models for power grids, advanced energy storage integration, and the use of edge computing for real-time decision-making.

Application Insights

The utilities sector is the leading application segment in the FACTS market, driven by the need to improve grid stability, enhance transmission efficiency, and integrate renewable energy sources. FACTS solutions are widely used in power transmission and distribution networks to manage voltage fluctuations and optimize power flow.

Renewable energy integration is a key application area, as FACTS devices help mitigate the variability and intermittency of renewable power sources. These systems enable stable and reliable integration of wind and solar energy into the grid.

Industrial applications are also growing, particularly in sectors such as mining, manufacturing, and oil & gas, where stable power supply is critical for operations. FACTS solutions help improve power quality and reduce energy losses in these industries.

Emerging applications include smart cities and microgrids, where advanced power management systems are required to support decentralized energy generation and distribution.

Regional Insights

North America dominates the FACTS market, supported by advanced power infrastructure, strong investments in smart grid technologies, and increasing focus on renewable energy integration. The presence of major technology providers further strengthens the region’s market position.

Europe is experiencing steady growth, driven by stringent environmental regulations, increasing adoption of renewable energy, and modernization of aging power infrastructure. Countries such as Germany and France are leading in the deployment of advanced grid technologies.

Asia Pacific is the fastest-growing region, fueled by rapid urbanization, rising electricity demand, and large-scale investments in power transmission infrastructure. China and India are investing heavily in smart grid projects and renewable energy integration, creating significant growth opportunities.

  • North America leads due to advanced grid infrastructure
  • Europe benefits from renewable energy and regulatory support
  • Asia Pacific shows highest growth due to infrastructure investments
  • Smart grid adoption is driving global market growth
  • Emerging economies are investing in power transmission upgrades

Country-Specific Market Trends

In Asia Pacific, China is leading the market with a CAGR of approximately 10.5%, driven by large-scale investments in power infrastructure and renewable energy projects. Japan follows with a CAGR of 9.8%, focusing on grid modernization and energy efficiency.

In North America, the United States dominates with a CAGR of 8.9%, supported by strong adoption of smart grid technologies and renewable energy integration. Canada and Mexico are also witnessing growth due to infrastructure development and cross-border energy projects.

In Europe, Germany leads with a CAGR of 9.1%, driven by its energy transition initiatives and focus on renewable integration. France is also experiencing growth, supported by investments in nuclear and renewable energy infrastructure.

  • China leads APAC with strong infrastructure investments
  • Japan focuses on grid modernization and efficiency
  • United States dominates North America with smart grid adoption
  • Germany leads Europe with renewable energy initiatives
  • France benefits from diversified energy investments

Key Flexible AC Transmission Systems (FACTS) Company Insights

The FACTS market is highly competitive, with leading companies focusing on innovation, digital transformation, and strategic partnerships to strengthen their market position. Companies are investing in advanced power electronics, AI-driven control systems, and IoT-enabled monitoring solutions to enhance performance and reliability.

Key players in the market include ABB Ltd., Siemens Energy, General Electric, Mitsubishi Electric Corporation, and Hitachi Energy. These companies are leveraging advanced technologies to develop next-generation FACTS solutions and expand their global presence. Their strategies include collaborations with utilities, investments in R&D, and expansion into emerging markets.

  • Companies are investing in AI-driven grid management solutions
  • Focus on advanced power electronics and digital technologies
  • Strategic partnerships are driving innovation
  • Expansion into emerging markets is a key growth strategy
  • Emphasis on improving efficiency and reliability of power systems

Recent Developments

Recent developments in the FACTS market include the launch of AI-integrated STATCOM systems that enable real-time voltage regulation and predictive maintenance. Several companies have introduced advanced hybrid FACTS devices combining multiple functionalities for enhanced performance.

Partnerships between technology providers and utility companies are increasing, focusing on the deployment of smart grid solutions and renewable energy integration. Additionally, the adoption of digital twin technology is enabling simulation and optimization of power grid operations.

Market Segmentation

The FACTS market is segmented based on product, technology/component, application, and region. By product, the market includes shunt compensation devices, series compensation devices, and combined systems. In terms of technology, it encompasses power electronics, AI-based control systems, IoT-enabled monitoring, and cloud-based analytics. Applications include utilities, renewable energy integration, industrial sectors, and smart grids. Regionally, the market is divided into North America, Europe, Asia Pacific, and Rest of the World.

  • Shunt compensation devices dominate the product segment
  • Power electronics and AI are key enabling technologies
  • Utilities are the leading application segment
  • Renewable energy integration is a major growth area
  • Asia Pacific is the fastest-growing regional market

Conclusion

The Flexible AC Transmission Systems (FACTS) market is poised for strong growth through 2035, driven by the increasing need for efficient power transmission, renewable energy integration, and smart grid development. The adoption of AI, IoT, and automation technologies is transforming grid management, enabling real-time monitoring, predictive maintenance, and enhanced system reliability. As global energy demand continues to rise and the transition to clean energy accelerates, FACTS solutions will play a crucial role in ensuring stable and efficient power systems. Companies that invest in advanced technologies and strategic collaborations will be well-positioned to capitalize on the growing opportunities in this evolving market.

FAQs - Flexible AC Transmission Systems (FACTS) Market

1. What is the current size of the FACTS market?
The market was valued at approximately USD 1.5 billion in 2024.

2. What is the expected growth rate of the market?
The market is projected to grow at a CAGR of 9.2% from 2025 to 2035.

3. What are the key drivers of market growth?
Key drivers include renewable energy integration, smart grid development, and AI-based grid optimization.

4. Which region leads the FACTS market?
North America currently holds the largest market share.

5. Who are the major players in the market?
Key companies include ABB Ltd., Siemens Energy, General Electric, Mitsubishi Electric Corporation, and Hitachi Energy. 

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                 FIGURE 1 MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 30)
    2.1 RESEARCH DATA
        FIGURE 2 FACTS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                    2.1.2.2 Key data from primary sources
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
        FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE OF MARKET PLAYERS
        FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIZE) – BOTTOM UP MARKET ESTIMATION FOR FACTS, BY COMPENSATION TYPE
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach used to arrive at market share by bottom-up analysis
                            FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                    2.2.1.2 Approach for capturing company-specific information in FACTS value chain
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach used to arrive at market share by top-down analysis
                            FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 7 DATA TRIANGULATION METHODOLOGY
    2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 40)
  FIGURE 8 SHUNT COMPENSATION SEGMENT TO DOMINATE FACTS MARKET, BY COMPENSATION TYPE, FROM 2020 TO 2025
  FIGURE 9 STATCOM SEGMENT TO DOMINATE FACTS MARKET, BY SHUNT COMPENSATION, DURING FORECAST PERIOD
  FIGURE 10 SECOND GENERATION SEGMENT TO CAPTURE LARGER MARKET SHARE DURING FORECAST PERIOD
  FIGURE 11 UTILITIES VERTICAL HELD LARGEST MARKET SHARE IN 2020
  FIGURE 12 EUROPE ACCOUNTED FOR LARGEST SHARE OF FACTS MARKET IN 2019
    3.1 COVID-19 IMPACT ON FACTS MARKET
        FIGURE 13 COVID-19 IMPACT ON FACTS MARKET
           3.1.1 REALISTIC SCENARIO (POST-COVID-19)
           3.1.2 OPTIMISTIC SCENARIO (POST-COVID-19)
           3.1.3 PESSIMISTIC SCENARIO (POST-COVID-19)

4 PREMIUM INSIGHT (Page No. - 45)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN FACTS MARKET
        FIGURE 14 INCREASING DEMAND FOR POWER AND VOLTAGE CONTROL SOLUTIONS TO DRIVE GROWTH OF FACTS MARKET
    4.2 FACTS MARKET, BY APPLICATION
        FIGURE 15 VOLTAGE CONTROL SEGMENT TO DOMINATE FACTS MARKET DURING FORECAST PERIOD
    4.3 FACTS MARKET IN APAC, BY VERTICAL AND COUNTRY
        FIGURE 16 UTILITIES AND CHINA TO ACCOUNT FOR LARGEST SHARES OF FACTS MARKET IN APAC IN 2025
    4.4 FACTS MARKET, BY COMPENSATION TYPE
        FIGURE 17 SHUNT COMPENSATION SEGMENT TO REGISTER HIGHEST CAGR FROM 2020 TO 2025
    4.5 FACTS MARKET, BY REGION
        FIGURE 18 APAC TO EXHIBIT HIGHEST CAGR IN FACTS MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 48)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 19 FACTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing benefits offered by FACTS
                    5.2.1.2 Growth in transmission lines
                    5.2.1.3 Growing utilization of renewable energy into power grids
                    5.2.1.4 Rising demand for STATCOM devices for voltage control
                            FIGURE 20 IMPACT ANALYSIS: DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 High installation cost
                    5.2.2.2 Delay or cancellation of projects due to COVID-19
                            TABLE 1 POLICY CHANGES FOR PROVIDING FLEXIBILITY OR DELAYING IN ENERGY PROJECTS
                    5.2.2.3 Trade restrictions imposed by the US on China
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising investments in transmission network
                            FIGURE 21 TRANSMISSION INVESTMENT – USD BILLION (2016–2018)
                    5.2.3.2 Potential opportunities in APAC
                    5.2.3.3 Focus on increasing domestic production and localization in the post-COVID-19 era
           5.2.4 CHALLENGES
                    5.2.4.1 Size and communication limitations in FACTS
                    5.2.4.2 Adverse impacts of lockdowns and social distancing on FACTS market
    5.3 VALUE CHAIN ANALYSIS
        FIGURE 22 VALUE CHAIN ANALYSIS: FACTS MARKET

6 FUNCTIONS OF FLEXIBLE AC TRANSMISSION SYSTEM (Page No. - 54)
    6.1 INTRODUCTION
    6.2 VOLTAGE CONTROL
           6.2.1 DEVICES SUCH AS STATCOM AND SVC ARE USED FOR VOLTAGE CONTROL
    6.3 NETWORK STABILIZATION
           6.3.1 SHUNT AND SERIES COMPENSATION ARE USED FOR NETWORK STABILIZATION
    6.4 TRANSMISSION CAPACITY
           6.4.1 SERIES COMPENSATION IS A COST EFFECTIVE WAY TO INCREASE TRANSMISSION CAPACITY
    6.5 HARMONIC SUPPRESSION
           6.5.1 SVC AND STATCOM ARE USED FOR HARMONIC SUPPRESSION

7 COMPONENTS OF FLEXIBLE AC TRANSMISSION SYSTEM (Page No. - 55)
    7.1 INTRODUCTION
    7.2 POWER ELECTRONIC DEVICES
           7.2.1 CAPACITOR BANKS
                    7.2.1.1 Capacitor banks are used to increase power transmission capability
           7.2.2 THYRISTORS
                    7.2.2.1 Thyristors are used to deliver high power in FACTS devices
           7.2.3 REACTORS
                    7.2.3.1 Reactors are used to limit the effects of overvoltage in transmission line
    7.3 PHASE SHIFTING TRANSFORMERS
           7.3.1 PHASE SHIFTING TRANSFORMERS ARE USED TO CHANGE EFFECTIVE PHASE DISPLACEMENT BETWEEN INPUT VOLTAGE AND OUTPUT VOLTAGE OF TRANSMISSION LINE
    7.4 PROTECTION AND CONTROL SYSTEMS
           7.4.1 PROTECTION AND CONTROL SYSTEMS ARE USED TO ENSURE PROPER NETWORK RELIABILITY

8 FACTS MARKET, BY COMPENSATION TYPE (Page No. - 57)
    8.1 INTRODUCTION
        TABLE 2 FACTS MARKET, BY COMPENSATION TYPE, 2016–2019 (USD MILLION)
        TABLE 3 FACTS MARKET, BY COMPENSATION TYPE, 2020–2025 (USD MILLION)
        TABLE 4 FACTS MARKET, BY SHUNT COMPENSATION TYPE, 2016–2019 (USD MILLION)
        TABLE 5 FACTS MARKET, BY SHUNT COMPENSATION TYPE, 2020–2025 (USD MILLION)
    8.2 SHUNT COMPENSATION
        TABLE 6 FACTS MARKET FOR SHUNT COMPENSATION, BY REGION, 2016–2019 (USD MILLION)
        TABLE 7 FACTS MARKET FOR SHUNT COMPENSATION, BY REGION, 2020–2025 (USD MILLION)
           8.2.1 STATIC VAR COMPENSATION (SVC)
                    8.2.1.1 Need for line voltage control is likely to increase the demand for static VAR compensation
                            TABLE 8 FACTS MARKET FOR SVC SHUNT COMPENSATION, BY REGION, 2016–2019 (USD THOUSAND)
                            TABLE 9 FACTS MARKET FOR SVC SHUNT COMPENSATION, BY REGION, 2020–2025 (USD THOUSAND)
           8.2.2 STATIC COMPENSATOR (STATCOM)
                    8.2.2.1 APAC to witness highest growth for static compensator (STATCOM)
                            TABLE 10 FACTS MARKET FOR STATCOM SHUNT COMPENSATION, BY REGION, 2016–2019 (USD MILLION)
                            TABLE 11 FACTS MARKET FOR STATCOM SHUNT COMPENSATION, BY REGION, 2020–2025 (USD MILLION)
    8.3 SERIES COMPENSATION
        TABLE 12 FACTS MARKET FOR SERIES COMPENSATION, BY REGION, 2016–2019 (USD THOUSAND)
        TABLE 13 FACTS MARKET FOR SERIES COMPENSATION, BY REGION, 2020–2025(USD THOUSAND)
           8.3.1 FIXED SERIES CAPACITOR
                    8.3.1.1 Need for minimum voltage profile to increase demand for fixed series capacitor
           8.3.2 THYRISTOR SERIES CAPACITOR
                    8.3.2.1 Need for more power transfer capability over existing transmission networks boosting demand for thyristor series capacitors
    8.4 COMBINED COMPENSATION
           8.4.1 APAC WAS LARGEST SHAREHOLDER FOR COMBINED COMPENSATION IN 2019
                 TABLE 14 FACTS MARKET FOR COMBINED COMPENSATION, BY REGION, 2016–2019 (USD THOUSAND)
                 TABLE 15 FACTS MARKET FOR COMBINED COMPENSATION, BY REGION, 2020-2025 (USD THOUSAND)
                 FIGURE 23 PRE- AND POST-COVID-19 ANALYSIS OF FACTS MARKET FOR SHUNT COMPENSATION TYPE, 2020–2025 (USD MILLION)
    8.5 IMPACT OF COVID-19 ON COMPENSATION TYPE

9 FLEXIBLE AC TRANSMISSION SYSTEM MARKET, BY APPLICATION (Page No. - 65)
    9.1 INTRODUCTION
        TABLE 16 FACTS MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
        TABLE 17 FACTS MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
    9.2 VOLTAGE CONTROL
           9.2.1 VOLTAGE CONTROL DOMINATED FACTS MARKET, IN TERMS OF SIZE, IN 2019
                 TABLE 18 FACTS MARKET FOR VOLTAGE CONTROL, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 19 FACTS MARKET FOR VOLTAGE CONTROL, BY REGION, 2020–2025 (USD MILLION)
    9.3 POWER CONTROL
           9.3.1 AMERICAS HELD LARGEST SHARE OF POWER CONTROL MARKET IN 2019
                 TABLE 20 FACTS MARKET FOR POWER CONTROL, BY REGION, 2016–2019 (USD THOUSAND)
                 TABLE 21 FACTS MARKET FOR POWER CONTROL, BY REGION, 2020–2025 (USD THOUSAND)
                 TABLE 22 FACTS MARKET FOR POWER CONTROL IN AMERICAS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 23 FACTS MARKET FOR POWER CONTROL IN AMERICAS, BY REGION, 2020–2025 (USD MILLION)
                 FIGURE 24 PRE- AND POST-COVID-19 ANALYSIS OF FACTS MARKET FOR VOLTAGE CONTROL, 2020–2025 (USD MILLION
    9.4 IMPACT OF COVID-19 ON APPLICATIONS

10 FLEXIBLE AC TRANSMISSION SYSTEM MARKET, BY VERTICAL (Page No. - 70)
     10.1 INTRODUCTION
          TABLE 24 FACTS MARKET, BY VERTICAL, 2016–2019 (USD MILLION)
          TABLE 25 FACTS MARKET, BY VERTICAL, 2020–2025 (USD MILLION)
     10.2 UTILITIES
             10.2.1 UTILITIES TO DOMINATE FACTS MARKET IN COMING YEARS
                    TABLE 26 FACTS MARKET FOR UTILITIES, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 27 FACTS MARKET FOR UTILITIES, BY REGION, 2020–2025 (USD MILLION)
     10.3 RENEWABLES
             10.3.1 MARKET FOR RENEWABLES TO REGISTER HIGHEST CAGR
                    TABLE 28 FACTS MARKET FOR RENEWABLES, BY REGION, 2016–2019 (USD THOUSAND)
                    TABLE 29 FACTS MARKET FOR RENEWABLES, BY REGION, 2020–2025 (USD THOUSAND)
     10.4 INDUSTRIAL
             10.4.1 INCREASING NEED FOR POWER QUALITY AND STABILITY IS BOOSTING DEMAND FOR FACTS IN INDUSTRIAL VERTICAL
                    TABLE 30 FACTS MARKET FOR INDUSTRIAL, BY REGION, 2016–2019 (USD THOUSAND)
                    TABLE 31 FACTS MARKET FOR INDUSTRIAL, BY REGION, 2020–2025 (USD THOUSAND)
     10.5 RAILWAYS
             10.5.1 APAC HELD LARGEST SHARE OF THE MARKET FOR RAILWAYS IN 2019
                    TABLE 32 FACTS MARKET FOR RAILWAYS, BY REGION, 2016–2019 (USD THOUSAND)
                    TABLE 33 FACTS MARKET FOR RAILWAYS, BY REGION, 2020–2025 (USD THOUSAND)
                    FIGURE 25 PRE- AND POST-COVID-19 ANALYSIS OF FACTS MARKET FOR UTILITIES, 2020–2025 (USD MILLION)
     10.6 IMPACT OF COVID-19 ON VERTICALS OF THE MARKET

11 FLEXIBLE AC TRANSMISSION SYSTEM MARKET, BY GENERATION TYPE (Page No. - 77)
     11.1 INTRODUCTION
          TABLE 34 FACTS MARKET, BY GENERATION TYPE, 2016–2019 (USD MILLION)
          TABLE 35 FACTS MARKET, BY GENERATION TYPE, 2020–2025 (USD MILLION)
     11.2 FIRST GENERATION
             11.2.1 SVC AND SERIES COMPENSATION ARE FIRST GENERATION FACTS DEVICES
                    TABLE 36 FACTS MARKET FOR FIRST GENERATION TYPE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 37 FACTS MARKET FOR FIRST GENERATION TYPE, BY REGION, 2020–2025 (USD MILLION)
     11.3 SECOND GENERATION
             11.3.1 EUROPE ACCOUNTED LARGEST SHARE FOR SECOND GENERATION FACTS DEVICES
                    TABLE 38 FACTS MARKET FOR SECOND GENERATION TYPE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 39 FACTS MARKET FOR SECOND GENERATION TYPE, BY REGION, 2020–2025 (USD MILLION)
                    FIGURE 26 PRE- AND POST-COVID-19 ANALYSIS OF FACTS MARKET FOR SECOND GENERATION TYPE, 2020–2025 (USD MILLION)
     11.4 IMPACT OF COVID-19 ON GENERATION TYPES

12 GEOGRAPHIC ANALYSIS (Page No. - 82)
     12.1 INTRODUCTION
          FIGURE 27 FACTS MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 40 FACTS MARKET, BY REGION, 2016–2019 (USD MILLION)
          TABLE 41 FACTS MARKET, BY REGION, 2020–2025 (USD MILLION)
     12.2 AMERICAS
          FIGURE 28 AMERICAS: SNAPSHOT OF FACTS MARKET
          TABLE 42 FACTS MARKET IN AMERICAS, BY REGION, 2016–2019 (USD MILLION)
          TABLE 43 FACTS MARKET IN AMERICAS, BY REGION, 2020–2025 (USD MILLION)
          TABLE 44 FACTS MARKET IN AMERICAS, BY COMPENSATION TYPE, 2016–2019 (USD THOUSAND)
          TABLE 45 FACTS MARKET IN AMERICAS, BY COMPENSATION TYPE, 2020–2025 (USD THOUSAND)
          TABLE 46 FACTS MARKET IN AMERICAS, BY SHUNT COMPENSATION, 2016–2019 (USD MILLION)
          TABLE 47 FACTS MARKET IN AMERICAS, BY SHUNT COMPENSATION, 2020–2025 (USD MILLION)
          TABLE 48 FACTS MARKET IN AMERICAS, BY GENERATION TYPE, 2016–2019 (USD MILLION)
          TABLE 49 FACTS MARKET IN AMERICAS, BY GENERATION TYPE, 2020–2025 (USD MILLION)
          TABLE 50 FACTS MARKET IN AMERICAS, BY VERTICAL, 2016–2019 (USD THOUSAND)
          TABLE 51 FACTS MARKET IN AMERICAS, BY VERTICAL, 2020–2025 (USD THOUSAND)
          TABLE 52 FACTS MARKET IN AMERICAS, BY APPLICATION, 2016–2019 (USD MILLION)
          TABLE 53 FACTS MARKET IN AMERICAS, BY APPLICATION, 2020–2025 (USD MILLION)
             12.2.1 NORTH AMERICA
                    TABLE 54 FACTS MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 55 FACTS MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 56 FACTS MARKET IN NORTH AMERICA, BY COMPENSATION TYPE, 2016–2019 (USD THOUSAND)
                    TABLE 57 FACTS MARKET IN NORTH AMERICA, BY COMPENSATION TYPE, 2020–2025 (USD THOUSAND)
                    TABLE 58 FACTS MARKET IN NORTH AMERICA, BY SHUNT COMPENSATION, 2016–2019 (USD MILLION)
                    TABLE 59 FACTS MARKET IN NORTH AMERICA, BY SHUNT COMPENSATION, 2020–2025 (USD MILLION)
                    TABLE 60 FACTS MARKET IN NORTH AMERICA, BY GENERATION TYPE, 2016–2019 (USD MILLION)
                    TABLE 61 FACTS MARKET IN NORTH AMERICA, BY GENERATION TYPE, 2020–2025 (USD MILLION)
                    TABLE 62 FACTS MARKET IN NORTH AMERICA, BY VERTICAL, 2016–2019 (USD THOUSAND)
                    TABLE 63 FACTS MARKET IN NORTH AMERICA, BY VERTICAL, 2020–2025(USD THOUSAND)
                    TABLE 64 FACTS MARKET IN NORTH AMERICA, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 65 FACTS MARKET IN NORTH AMERICA, BY APPLICATION, 2020–2025 (USD MILLION)
                        12.2.1.1 US
                                     12.2.1.1.1 US is largest market for FACTS in North America
                                                TABLE 66 FACTS MARKET IN US, BY SHUNT COMPENSATION, 2016–2019 (USD THOUSAND)
                                                TABLE 67 FACTS MARKET IN US, BY SHUNT COMPENSATION, 2020–2025 (USD THOUSAND)
                                                TABLE 68 FACTS MARKET IN US, BY APPLICATION, 2016–2019 (USD THOUSAND)
                                                TABLE 69 FACTS MARKET IN US, BY APPLICATION, 2020–2025 (USD THOUSAND)
                        12.2.1.2 Rest of North America
                                 TABLE 70 FACTS MARKET IN REST OF NORTH AMERICA, BY SHUNT COMPENSATION, 2016–2019 (USD THOUSAND)
                                 TABLE 71 FACTS MARKET IN REST OF NORTH AMERICA, BY SHUNT COMPENSATION, 2020–2025 (USD THOUSAND)
                                 TABLE 72 FACTS MARKET IN REST OF NORTH AMERICA, BY APPLICATION, 2016–2019 (USD THOUSAND)
                                 TABLE 73 FACTS MARKET IN REST OF NORTH AMERICA, BY APPLICATION, 2020–2025 (USD THOUSAND)
             12.2.2 SOUTH AMERICA
                    TABLE 74 FACTS MARKET IN SOUTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 75 FACTS MARKET IN SOUTH AMERICA, BY COUNTRY, 2020–2025(USD MILLION)
                    TABLE 76 FACTS MARKET IN SOUTH AMERICA, BY COMPENSATION TYPE, 2016–2019 (USD THOUSAND)
                    TABLE 77 FACTS MARKET IN SOUTH AMERICA, BY COMPENSATION TYPE, 2020–2025 (USD THOUSAND)
                    TABLE 78 FACTS MARKET IN SOUTH AMERICA, BY SHUNT COMPENSATION, 2016–2019 (USD MILLION)
                    TABLE 79 FACTS MARKET IN SOUTH AMERICA, BY SHUNT COMPENSATION, 2020–2025 (USD MILLION)
                    TABLE 80 FACTS MARKET IN SOUTH AMERICA, BY GENERATION TYPE, 2016–2019 (USD MILLION)
                    TABLE 81 FACTS MARKET IN SOUTH AMERICA, BY GENERATION TYPE, 2020–2025 (USD MILLION)
                    TABLE 82 FACTS MARKET IN SOUTH AMERICA, BY VERTICAL, 2016–2019 (USD THOUSAND)
                    TABLE 83 FACTS MARKET IN SOUTH AMERICA, BY VERTICAL, 2020–2025 (USD THOUSAND)
                    TABLE 84 FACTS MARKET IN SOUTH AMERICA, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 85 FACTS MARKET IN SOUTH AMERICA, BY APPLICATION, 2020–2025 (USD MILLION)
                        12.2.2.1 Brazil
                                     12.2.2.1.1 Increase in investment for expansion of energy infrastructure drives FACTS markets in Brazil
                                                TABLE 86 FACTS MARKET IN BRAZIL, BY SHUNT COMPENSATION, 2016–2019 (USD MILLION)
                                                TABLE 87 FACTS MARKET IN BRAZIL, BY SHUNT COMPENSATION, 2020–2025 (USD MILLION)
                                                TABLE 88 FACTS MARKET IN BRAZIL, BY APPLICATION, 2016–2019 (USD MILLION)
                                                TABLE 89 FACTS MARKET IN BRAZIL, BY APPLICATION, 2020–2025 (USD MILLION)
                        12.2.2.2 Rest of South America
                                 TABLE 90 FACTS MARKET IN REST OF SOUTH AMERICA, BY SHUNT COMPENSATION, 2016–2019 (USD THOUSAND)
                                 TABLE 91 FACTS MARKET IN REST OF SOUTH AMERICA, BY SHUNT COMPENSATION, 2020–2025 (USD THOUSAND)
                                 TABLE 92 FACTS MARKET IN REST OF SOUTH AMERICA, BY APPLICATION, 2016–2019 (USD THOUSAND)
                                 TABLE 93 FACTS MARKET IN REST OF SOUTH AMERICA, BY APPLICATION, 2020–2025 (USD THOUSAND)
     12.3 EUROPE
          FIGURE 29 EUROPE: SNAPSHOT OF FACTS MARKET
          TABLE 94 FACTS MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 95 FACTS MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 96 FACTS MARKET IN EUROPE, BY COMPENSATION TYPE, 2016–2019 (USD THOUSAND)
          TABLE 97 FACTS MARKET IN EUROPE, BY COMPENSATION TYPE, 2020–2025 (USD THOUSAND)
          TABLE 98 FACTS MARKET IN EUROPE, BY SHUNT COMPENSATION, 2016–2019 (USD MILLION)
          TABLE 99 FACTS MARKET IN EUROPE, BY SHUNT COMPENSATION, 2020–2025 (USD MILLION)
          TABLE 100 FACTS MARKET IN EUROPE, BY GENERATION TYPE, 2016–2019 (USD MILLION)
          TABLE 101 FACTS MARKET IN EUROPE, BY GENERATION TYPE, 2020–2025 (USD MILLION)
          TABLE 102 FACTS MARKET IN EUROPE, BY VERTICAL, 2016–2019 (USD THOUSAND)
          TABLE 103 FACTS MARKET IN EUROPE, BY VERTICAL, 2020–2025 (USD THOUSAND)
          TABLE 104 FACTS MARKET IN EUROPE, BY APPLICATION, 2016–2019 (USD MILLION)
          TABLE 105 FACTS MARKET IN EUROPE, BY APPLICATION, 2020–2025 (USD MILLION)
             12.3.1 UK
                        12.3.1.1 UK is the major consumer of FACTS in Europe
                                 TABLE 106 FACTS MARKET IN UK, BY SHUNT COMPENSATION, 2016–2019 (USD THOUSAND)
                                 TABLE 107 FACTS MARKET IN UK, BY SHUNT COMPENSATION, 2020–2025 (USD THOUSAND)
                                 TABLE 108 FACTS MARKET IN UK, BY APPLICATION, 2016–2019 (USD THOUSAND)
                                 TABLE 109 FACTS MARKET IN UK, BY APPLICATION, 2020–2025 (USD THOUSAND)
             12.3.2 GERMANY
                        12.3.2.1 Facts markets in Germany to register highest CAGR during forecast period
                                 TABLE 110 FACTS MARKET IN GERMANY, BY SHUNT COMPENSATION, 2016–2019 (USD MILLION)
                                 TABLE 111 FACTS MARKET IN GERMANY, BY SHUNT COMPENSATION, 2020–2025 (USD MILLION)
                                 TABLE 112 FACTS MARKET IN GERMANY, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 113 FACTS MARKET IN GERMANY, BY APPLICATION, 2020–2025 (USD MILLION)
             12.3.3 FRANCE
                        12.3.3.1 Smart grid infrastructure to drive facts market in France
                                 TABLE 114 FACTS MARKET IN FRANCE, BY SHUNT COMPENSATION, 2016–2019 (USD THOUSAND)
                                 TABLE 115 FACTS MARKET IN FRANCE, BY SHUNT COMPENSATION, 2020–2025 (USD THOUSAND)
                                 TABLE 116 FACTS MARKET IN FRANCE, BY APPLICATION, 2016–2019 (USD THOUSAND)
                                 TABLE 117 FACTS MARKET IN FRANCE, BY APPLICATION, 2020–2025 (USD THOUSAND)
             12.3.4 REST OF EUROPE
                    TABLE 118 FACTS MARKET IN REST OF EUROPE, BY SHUNT COMPENSATION, 2016–2019 (USD MILLION)
                    TABLE 119 FACTS MARKET IN REST OF EUROPE, BY SHUNT COMPENSATION, 2020–2025 (USD MILLION)
                    TABLE 120 FACTS MARKET IN REST OF EUROPE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 121 FACTS MARKET IN REST OF EUROPE, BY APPLICATION, 2020–2025 (USD MILLION)
     12.4 APAC
          FIGURE 30 APAC: SNAPSHOT OF FACTS MARKET
          TABLE 122 FACTS MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 123 FACTS MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 124 FACTS MARKET IN APAC, BY COMPENSATION TYPE, 2016–2019 (USD MILLION)
          TABLE 125 FACTS MARKET IN APAC, BY COMPENSATION TYPE, 2020–2025 (USD MILLION)
          TABLE 126 FACTS MARKET IN APAC, BY SHUNT COMPENSATION, 2016–2019 (USD MILLION)
          TABLE 127 FACTS MARKET IN APAC, BY SHUNT COMPENSATION, 2020–2025 (USD MILLION)
          TABLE 128 FACTS MARKET IN APAC, BY GENERATION TYPE, 2016–2019 (USD MILLION)
          TABLE 129 FACTS MARKET IN APAC, BY GENERATION TYPE, 2020–2025 (USD MILLION)
          TABLE 130 FACTS MARKET IN APAC, BY VERTICAL, 2016–2019 (USD MILLION)
          TABLE 131 FACTS MARKET IN APAC, BY VERTICAL, 2020–2025 (USD MILLION)
          TABLE 132 FACTS MARKET IN APAC, BY APPLICATION, 2016–2019 (USD MILLION)
          TABLE 133 FACTS MARKET IN APAC, BY APPLICATION, 2020–2025 (USD MILLION)
             12.4.1 CHINA
                        12.4.1.1 China to hold largest share of facts market in APAC during forecast period
                                 TABLE 134 FACTS MARKET IN CHINA, BY SHUNT COMPENSATION, 2016–2019 (USD MILLION)
                                 TABLE 135 FACTS MARKET IN CHINA, BY SHUNT COMPENSATION, 2020–2025 (USD MILLION)
                                 TABLE 136 FACTS MARKET IN CHINA, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 137 FACTS MARKET IN CHINA, BY APPLICATION, 2020–2025 (USD MILLION)
             12.4.2 INDIA
                        12.4.2.1 Government support for expansion of transmission network to drive facts market in India
                                 TABLE 138 FACTS MARKET IN INDIA, BY SHUNT COMPENSATION, 2016–2019 (USD THOUSAND)
                                 TABLE 139 FACTS MARKET IN INDIA, BY SHUNT COMPENSATION, 2020–2025 (USD THOUSAND)
                                 TABLE 140 FACTS MARKET IN INDIA, BY APPLICATION, 2016–2019 (USD THOUSAND)
                                 TABLE 141 FACTS MARKET IN INDIA, BY APPLICATION, 2020–2025 (USD THOUSAND)
             12.4.3 SOUTH KOREA
                        12.4.3.1 Requirement for constructing new transmission lines drives facts market in South Korea
                                 TABLE 142 FACTS MARKET IN SOUTH KOREA, BY SHUNT COMPENSATION, 2016–2019 (USD THOUSAND)
                                 TABLE 143 FACTS MARKET IN SOUTH KOREA, BY SHUNT COMPENSATION, 2020–2025 (USD THOUSAND)
                                 TABLE 144 FACTS MARKET IN SOUTH KOREA, BY APPLICATION, 2016–2019 (USD THOUSAND)
                                 TABLE 145 FACTS MARKET IN SOUTH KOREA, BY APPLICATION, 2020–2025 (USD THOUSAND)
             12.4.4 REST OF APAC
                    TABLE 146 FACTS MARKET IN REST OF APAC, BY SHUNT COMPENSATION, 2016–2019 (USD THOUSAND)
                    TABLE 147 FACTS MARKET IN REST OF APAC, BY SHUNT COMPENSATION, 2020–2025 (USD THOUSAND)
                    TABLE 148 FACTS MARKET IN REST OF APAC, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 149 FACTS MARKET IN REST OF APAC, BY APPLICATION, 2020–2025(USD MILLION)
     12.5 ROW
          TABLE 150 FACTS MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
          TABLE 151 FACTS MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
          TABLE 152 FACTS MARKET IN ROW, BY COMPENSATION TYPE, 2016–2019 (USD THOUSAND)
          TABLE 153 FACTS MARKET IN ROW, BY COMPENSATION TYPE, 2020–2025 (USD THOUSAND)
          TABLE 154 FACTS MARKET IN ROW, BY SHUNT COMPENSATION, 2016–2019(USD THOUSAND)
          TABLE 155 FACTS MARKET IN ROW, BY SHUNT COMPENSATION, 2020–2025 (USD THOUSAND)
          TABLE 156 FACTS MARKET IN ROW, BY GENERATION TYPE, 2016–2019 (USD MILLION)
          TABLE 157 FACTS MARKET IN ROW, BY GENERATION TYPE, 2020–2025 (USD MILLION)
          TABLE 158 FACTS MARKET IN ROW, BY VERTICAL, 2016–2019 (USD THOUSAND)
          TABLE 159 FACTS MARKET IN ROW, BY VERTICAL, 2020–2025 (USD THOUSAND)
          TABLE 160 FACTS MARKET IN ROW, BY APPLICATION, 2016–2019 (USD THOUSAND)
          TABLE 161 FACTS MARKET IN ROW, BY APPLICATION, 2020–2025 (USD THOUSAND)
             12.5.1 MIDDLE EAST
                        12.5.1.1 Growing number of oil & gas industries in the Middle East to drive FACTS market
                                 TABLE 162 FACTS MARKET IN MIDDLE EAST, BY SHUNT COMPENSATION, 2016–2019 (USD THOUSAND)
                                 TABLE 163 FACTS MARKET IN MIDDLE EAST, BY SHUNT COMPENSATION, 2020–2025 (USD THOUSAND)
                                 TABLE 164 FACTS MARKET IN MIDDLE EAST, BY APPLICATION, 2016–2019 (USD THOUSAND)
                                 TABLE 165 FACTS MARKET IN MIDDLE EAST, BY APPLICATION, 2020–2025 (USD THOUSAND)
             12.5.2 AFRICA
                        12.5.2.1 Africa to hold larger share of FACTS market in RoW
                                 TABLE 166 FACTS MARKET IN AFRICA, BY SHUNT COMPENSATION, 2016–2019 (USD THOUSAND)
                                 TABLE 167 FACTS MARKET IN AFRICA, BY SHUNT COMPENSATION, 2020–2025 (USD THOUSAND)
                                 TABLE 168 FACTS MARKET IN AFRICA, BY APPLICATION, 2016–2019 (USD THOUSAND)
                                 TABLE 169 FACTS MARKET IN AFRICA, BY APPLICATION, 2020–2025 (USD THOUSAND)
     12.6 COVID-19 IMPACT ON MAJOR REGIONS
          FIGURE 31 PRE- VS. POST-COVID-19 COMPARISON FOR AMERICAS FACTS MARKET
          FIGURE 32 PRE- VS. POST-COVID-19 COMPARISON FOR APAC FACTS MARKET

13 COMPETITIVE LANDSCAPE (Page No. - 122)
     13.1 OVERVIEW
          FIGURE 33 PRODUCT DEVELOPMENTS KEY GROWTH STRATEGY FROM 2017 TO 2020
     13.2 RANKING ANALYSIS OF KEY PLAYERS IN FLEXIBLE AC TRANSMISSION SYSTEM MARKET
          FIGURE 34 FLEXIBLE AC TRANSMISSION SYSTEM MARKET: RANKING OF KEY COMPANIES
     13.3 COMPETITIVE SITUATIONS AND TRENDS
             13.3.1 PRODUCT DEVELOPMENTS
                    TABLE 170 PRODUCT DEVELOPMENTS, 2017–2020
             13.3.2 AGREEMENTS
                    TABLE 171 AGREEMENTS, 2018–2020
             13.3.3 COLLABORATION
                    TABLE 172 COLLABORATION, 2018–2019
             13.3.4 CONTRACTS
                    TABLE 173 CONTRACTS, 2017–2019
             13.3.5 DIVESTMENTS
                    TABLE 174 DIVESTMENTS, 2018–2019
             13.3.6 EXPANSION
                    TABLE 175 EXPANSION, 2018–2019
             13.3.7 PARTNERSHIPS
                    TABLE 176 PARTNERSHIPS, 2018–2020
             13.3.8 ACQUISITIONS
                    TABLE 177 ACQUISITIONS, 2018–2020
     13.4 COMPETITIVE LEADERSHIP MAPPING, 2019
             13.4.1 VISIONARY LEADERS
             13.4.2 DYNAMIC DIFFERENTIATORS
             13.4.3 INNOVATORS
             13.4.4 EMERGING COMPANIES
                    FIGURE 35 FLEXIBLE AC TRANSMISSION SYSTEM MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019

14 COMPANY PROFILE (Page No. - 133)
     14.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View, and COVID-19 Update)*
             14.1.1 ABB (HITACHI)
                    FIGURE 36 ABB: COMPANY SNAPSHOT
             14.1.2 RONGXIN POWER ENGINEERING LTD (RXPE)
             14.1.3 GENERAL ELECTRIC (GE)
                    FIGURE 37 GENERAL ELECTRIC: COMPANY SNAPSHOT
             14.1.4 SIEMENS
                    FIGURE 38 SIEMENS: COMPANY SNAPSHOT
             14.1.5 MITSUBISHI ELECTRIC
                    FIGURE 39 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
             14.1.6 AMERICAN SUPERCONDUCTOR
                    FIGURE 40 AMERICAN SUPERCONDUCTOR: COMPANY SNAPSHOT
             14.1.7 INFINEON
                    FIGURE 41 INFINEON: COMPANY SNAPSHOT
             14.1.8 NR ELECTRIC
             14.1.9 HYOSUNG HEAVY INDUSTRIES
             14.1.10 INGETEAM POWER TECHNOLOGY
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View, and COVID-19 Update might not be captured in case of unlisted companies.
     14.2 RIGHT TO WIN
     14.3 OTHER IMPORTANT PLAYERS
             14.3.1 BHARAT HEAVY ELECTRICALS LIMITED (BHEL)
             14.3.2 QUANTA TECHNOLOGY
             14.3.3 COMSYS
             14.3.4 MERUS POWER DYNAMICS OY
             14.3.5 SIEYUAN ELECTRIC CO., LTD.
             14.3.6 SIGNATORY PVT. LTD.
             14.3.7 JEMA ENERGY SA
             14.3.8 FREQCON GMBH
             14.3.9 CLARIANT POWER SYSTEM LIMITED
             14.3.10 BEIJING POWER EQUIPMENT GROUP CO LTD(BPEG)

15 ADJACENT MARKET: DIGITAL SUBSTATION MARKET (Page No. - 169)
     15.1 MARKET DEFINITION
             15.1.1 INCLUSIONS AND EXCLUSIONS
                    TABLE 178 DIGITAL SUBSTATION MARKET, BY MODULE, 2017–2025 (USD MILLION)
                    TABLE 179 DIGITAL SUBSTATION MARKET FOR HARDWARE, BY TYPE, 2017–2025 (USD MILLION)
                    TABLE 180 DIGITAL SUBSTATION MARKET, BY TYPE, 2017–2025 (USD BILLION)
                    TABLE 181 DIGITAL SUBSTATION MARKET, BY INSTALLATION TYPE, 2017–2025 (USD BILLION)
                    TABLE 182 DIGITAL SUBSTATION MARKET, BY VOLTAGE, 2017–2025 (USD MILLION)
                    TABLE 183 DIGITAL SUBSTATION MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)
                    TABLE 184 DIGITAL SUBSTATION MARKET, BY REGION, 2017–2025 (USD BILLION)

16 APPENDIX (Page No. - 173)
     16.1 INSIGHTS FROM INDUSTRY EXPERTS
     16.2 DISCUSSION GUIDE
     16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.4 AVAILABLE CUSTOMIZATIONS
     16.5 RELATED REPORTS
     16.6 AUTHOR DETAILS

The study involved four major activities in estimating the size of the FACTS market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. Validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the global market size. After that, market breakdown and data triangulation have been used to estimate the market sizes of segments and subsegments.

Secondary Research

The secondary sources referred to for this research study includes FACTS technical blogs, annual reports, press releases, SEC filings, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases.

In the FACTS market report, both top-down and bottom-up approaches have been used to estimate and validate the market sizes of segments and subsegments, along with other dependent submarkets. The key players in the FACTS market have been identified through secondary research, and their market presence has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the FACTS market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (end use verticals) and supply-side (FACTS manufacturers) players across four major regions, namely, Americas, Europe, Asia Pacific, and Rest of the World (the Middle East & Africa). Approximately 70% and 30% of primary interviews have been conducted from the supply and demand side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Flexible AC Transmission Systems (FACTS) Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the FACTS market. These methods have also been extensively used to estimate the sizes of various market subsegments. The research methodology used to estimate the market sizes includes the following:

  • Identifying market energy projects in each country
  • Identifying the major applications of FACTS-related products
  • Estimating the size of the market in each region by adding the sizes of country-wise markets
  • Tracking the ongoing and upcoming implementation of FACTS projects by various companies in each region and forecasting the size of the FACTS market based on these developments and other critical parameters, including COVID-19 related impacts
  • Arriving at the size of the global market by adding the sizes of region-wise markets

Flexible AC Transmission Systems (FACTS) Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides.

The main objectives of this study are as follows:

  • To define, describe, and forecast the FACTS market, in terms of value, by, generation type, compensation type, vertical, application, and region
  • To forecast the market, for various segments with respect to four main regions—the Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW), in terms of value
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the overall FACTS market
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the FACTS market growth
  • To analyze opportunities in the market for various stakeholders by identifying the high-growth segments of the FACTS market
  • To study the complete value chain and allied industry segments, and perform a value chain analysis of the FACTS market landscape
  • To map competitive intelligence based on company profiles, key player strategies, and key developments
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies
  • To track and analyze competitive developments such as joint ventures, mergers and acquisitions, product developments, and research and development (R&D) in the FACTS market

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  • Additional country-level analysis of FACTS market
  • Profiling of additional market players (up to 5)
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