APO RESEARCH · REPORT
Flexible AC Transmission Systems (FACTS)
A flexible alternating current transmission system (FACTS) is a system composed of static equipment used for the AC transmission of electrical energy. It is meant to enhance controllability and increase power transfer capability of the network. It is generally a power electronics-based system.
Product & engineering
Understand the product.
A flexible alternating current transmission system (FACTS) is a system composed of static equipment used for the AC transmission of electrical energy. It is meant to enhance controllability and increase power transfer capability of the network. It is generally a power electronics-based system.
FACTS is defined by the IEEE as "a power electronic based system and other static equipment that provide control of one or more AC transmission system parameters to enhance controllability and increase power transfer capability."
According to Siemens "FACTS Increase the reliability of AC grids and reduce power delivery costs. They improve transmission quality and efficiency of power transmission by supplying inductive or reactive power to the grid.
Selected research
Industry Research
Flexible AC Transmission Systems (FACTS) Industry Research Report 2026
Market perspective
A flexible alternating current transmission system (FACTS) is a system composed of static equipment used for the AC transmission of electrical energy. It is meant to enhance controllability and increase power transfer capability of the network. It is generally a power electronics-based system.
FACTS is defined by the IEEE as "a power electronic based system and other static equipment that provide control of one or more AC transmission system parameters to enhance controllability and increase power transfer capability."
According to Siemens "FACTS Increase the reliability of AC grids and reduce power delivery costs. They improve transmission quality and efficiency of power transmission by supplying inductive or reactive power to the grid.
Read the full market overview
The leading manufactures mainly are ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC and Hyosung. ABB is the largest manufacturer; its revenue of global market exceeds 31%.
Report Scope
This report quantifies the global Flexible AC Transmission Systems (FACTS) market in terms of revenue (US$ million) and, where applicable, service volume (k units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Flexible AC Transmission Systems (FACTS).
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Flexible AC Transmission Systems (FACTS) Market by Company
ABB
Siemens
RXPE
Sieyuan Electric
Mitsubishi Electric
GE
Toshiba
AMSC
Hyosung
Flexible AC Transmission Systems (FACTS) Segment by Type
Shunt Compensation
Series Compensation
Others
Flexible AC Transmission Systems (FACTS) Segment by Application
Metal Industry
Utilities
Railway
Mining
Other
Flexible AC Transmission Systems (FACTS) Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Flexible AC Transmission Systems (FACTS) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Flexible AC Transmission Systems (FACTS) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Flexible AC Transmission Systems (FACTS).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Flexible AC Transmission Systems (FACTS) companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Shunt Compensation
- Series Compensation
- Others
Applications
- Metal Industry
- Utilities
- Railway
- Mining
- Other
Companies covered
- ABB
- Siemens
- RXPE
- Sieyuan Electric
- Mitsubishi Electric
- GE
- Toshiba
- AMSC
- Hyosung
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Flexible AC Transmission Systems (FACTS) by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Shunt Compensation
- 2.2.3 Series Compensation
- 2.2.4 Others
- 2.3 Flexible AC Transmission Systems (FACTS) by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Metal Industry
- 2.3.3 Utilities
- 2.3.4 Railway
- 2.3.5 Mining
- 2.3.6 Other
- 2.4 Assumptions and Limitations
3 Flexible AC Transmission Systems (FACTS) Breakdown Data by Type
- 3.1 Global Flexible AC Transmission Systems (FACTS) Historic Market Size by Type (2021-2026)
- 3.2 Global Flexible AC Transmission Systems (FACTS) Forecasted Market Size by Type (2027-2032)
4 Flexible AC Transmission Systems (FACTS) Breakdown Data by Application
- 4.1 Global Flexible AC Transmission Systems (FACTS) Historic Market Size by Application (2021-2026)
- 4.2 Global Flexible AC Transmission Systems (FACTS) Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Flexible AC Transmission Systems (FACTS) Market Perspective (2021-2032)
- 5.2 Global Flexible AC Transmission Systems (FACTS) Growth Trends by Region
- 5.2.1 Global Flexible AC Transmission Systems (FACTS) Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Flexible AC Transmission Systems (FACTS) Historic Market Size by Region (2021-2026)
- 5.2.3 Flexible AC Transmission Systems (FACTS) Forecasted Market Size by Region (2027-2032)
- 5.3 Flexible AC Transmission Systems (FACTS) Market Dynamics
- 5.3.1 Flexible AC Transmission Systems (FACTS) Industry Trends
- 5.3.2 Flexible AC Transmission Systems (FACTS) Market Drivers
- 5.3.3 Flexible AC Transmission Systems (FACTS) Market Challenges
- 5.3.4 Flexible AC Transmission Systems (FACTS) Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Flexible AC Transmission Systems (FACTS) Players by Revenue
- 6.1.1 Global Top Flexible AC Transmission Systems (FACTS) Players by Revenue (2021-2026)
- 6.1.2 Global Flexible AC Transmission Systems (FACTS) Revenue Market Share by Players (2021-2026)
- 6.2 Global Flexible AC Transmission Systems (FACTS) Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Flexible AC Transmission Systems (FACTS) Head Office and Area Served
- 6.4 Global Flexible AC Transmission Systems (FACTS) Players, Product Type & Application
- 6.5 Global Flexible AC Transmission Systems (FACTS) Manufacturers Established Date
- 6.6 Global Flexible AC Transmission Systems (FACTS) Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Flexible AC Transmission Systems (FACTS) Market Size (2021-2032)
- 7.2 North America Flexible AC Transmission Systems (FACTS) Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Flexible AC Transmission Systems (FACTS) Market Size by Country (2021-2026)
- 7.4 North America Flexible AC Transmission Systems (FACTS) Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Flexible AC Transmission Systems (FACTS) Market Size (2021-2032)
- 8.2 Europe Flexible AC Transmission Systems (FACTS) Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Flexible AC Transmission Systems (FACTS) Market Size by Country (2021-2026)
- 8.4 Europe Flexible AC Transmission Systems (FACTS) Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Flexible AC Transmission Systems (FACTS) Market Size (2021-2032)
- 9.2 Asia-Pacific Flexible AC Transmission Systems (FACTS) Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Flexible AC Transmission Systems (FACTS) Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Flexible AC Transmission Systems (FACTS) Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Flexible AC Transmission Systems (FACTS) Market Size (2021-2032)
- 10.2 South America Flexible AC Transmission Systems (FACTS) Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Flexible AC Transmission Systems (FACTS) Market Size by Country (2021-2026)
- 10.4 South America Flexible AC Transmission Systems (FACTS) Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Flexible AC Transmission Systems (FACTS) Market Size (2021-2032)
- 11.2 Middle East & Africa Flexible AC Transmission Systems (FACTS) Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Flexible AC Transmission Systems (FACTS) Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Flexible AC Transmission Systems (FACTS) Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 ABB
- 12.1.1 ABB Company Information
- 12.1.2 ABB Business Overview
- 12.1.3 ABB Revenue in Flexible AC Transmission Systems (FACTS) Business (2021-2026)
- 12.1.4 ABB Flexible AC Transmission Systems (FACTS) Product Portfolio
- 12.1.5 ABB Recent Developments
- 12.2 Siemens
- 12.2.1 Siemens Company Information
- 12.2.2 Siemens Business Overview
- 12.2.3 Siemens Revenue in Flexible AC Transmission Systems (FACTS) Business (2021-2026)
- 12.2.4 Siemens Flexible AC Transmission Systems (FACTS) Product Portfolio
- 12.2.5 Siemens Recent Developments
- 12.3 RXPE
- 12.3.1 RXPE Company Information
- 12.3.2 RXPE Business Overview
- 12.3.3 RXPE Revenue in Flexible AC Transmission Systems (FACTS) Business (2021-2026)
- 12.3.4 RXPE Flexible AC Transmission Systems (FACTS) Product Portfolio
- 12.3.5 RXPE Recent Developments
- 12.4 Sieyuan Electric
- 12.4.1 Sieyuan Electric Company Information
- 12.4.2 Sieyuan Electric Business Overview
- 12.4.3 Sieyuan Electric Revenue in Flexible AC Transmission Systems (FACTS) Business (2021-2026)
- 12.4.4 Sieyuan Electric Flexible AC Transmission Systems (FACTS) Product Portfolio
- 12.4.5 Sieyuan Electric Recent Developments
- 12.5 Mitsubishi Electric
- 12.5.1 Mitsubishi Electric Company Information
- 12.5.2 Mitsubishi Electric Business Overview
- 12.5.3 Mitsubishi Electric Revenue in Flexible AC Transmission Systems (FACTS) Business (2021-2026)
- 12.5.4 Mitsubishi Electric Flexible AC Transmission Systems (FACTS) Product Portfolio
- 12.5.5 Mitsubishi Electric Recent Developments
- 12.6 GE
- 12.6.1 GE Company Information
- 12.6.2 GE Business Overview
- 12.6.3 GE Revenue in Flexible AC Transmission Systems (FACTS) Business (2021-2026)
- 12.6.4 GE Flexible AC Transmission Systems (FACTS) Product Portfolio
- 12.6.5 GE Recent Developments
- 12.7 Toshiba
- 12.7.1 Toshiba Company Information
- 12.7.2 Toshiba Business Overview
- 12.7.3 Toshiba Revenue in Flexible AC Transmission Systems (FACTS) Business (2021-2026)
- 12.7.4 Toshiba Flexible AC Transmission Systems (FACTS) Product Portfolio
- 12.7.5 Toshiba Recent Developments
- 12.8 AMSC
- 12.8.1 AMSC Company Information
- 12.8.2 AMSC Business Overview
- 12.8.3 AMSC Revenue in Flexible AC Transmission Systems (FACTS) Business (2021-2026)
- 12.8.4 AMSC Flexible AC Transmission Systems (FACTS) Product Portfolio
- 12.8.5 AMSC Recent Developments
- 12.9 Hyosung
- 12.9.1 Hyosung Company Information
- 12.9.2 Hyosung Business Overview
- 12.9.3 Hyosung Revenue in Flexible AC Transmission Systems (FACTS) Business (2021-2026)
- 12.9.4 Hyosung Flexible AC Transmission Systems (FACTS) Product Portfolio
- 12.9.5 Hyosung Recent Developments
13 Report Conclusion
14 Disclaimer
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