Market Overview:
The global flexible AC transmission systems (FACTS) controllers market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for renewable energy and the growing need for grid modernization and reliability. The global FACTS controllers market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into series controllers, shunt controllers, shunt-series controllers, and series-series controllers. On the basis of application, the market is segmented into electric utilities, renewables, railways transportation sector,, industrial sector oil & gas sector). The North America region dominates this market followed by Europe Asia Pacific , Latin America Middle East & Africa ).
 Controllers Industry Outlook.svg)
Product Definition:
Flexible AC Transmission Systems (FACTS) controllers are devices that help to manage the flow of electrical power on transmission lines. They can increase or decrease the amount of power flowing through a line, and can also help to stabilize the system by quickly responding to changes in demand or supply. This makes FACTS controllers important for maintaining grid stability and preventing blackouts.
Series Controllers:
Series controllers are used in FACTS to regulate the current and voltage of each circuit. It is a smart device that monitors the entire system, which ensures that no matter how much load is applied to any circuit, the other circuits always get enough juice to operate. Series controllers have an ability called “self-healing”; when one section goes down, it automatically compensates by boosting another section so that both sections are at same voltage and current level.
Shunt Controllers:
Shunt controllers are electronic devices that regulate the current and voltage in a FACTS system. They act as an interface between the power network and load, controlling or monitoring the flow of electricity through various parts of a FACTS system. The main function of these controllers is to protect electric equipment from damage due to fault currents that occur in any part of an electrical network.
Application Insights:
Electric utilities was the dominant application segment in the global flexible AC transmission systems controllers market, accounting for a share of over 60.0% in 2017. The growth can be attributed to increasing demand for electricity across emerging economies including China, India and Brazil on account of rapid industrialization and urbanization coupled with government initiatives to promote investments in power generation projects is expected to drive demand over the forecast period.
The railways application segment is projected register a CAGR of XX% from 2018 to 2030 owing to an increase in passenger traffic resulting into higher requirement for electric traction motors that operate at high speeds with low-maintenance requirements which are anticipated further driving FACTS controllers market growth during this period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing industrial, commercial, and residential activities. Rapid urbanization coupled with infrastructure development is also anticipated to drive demand for electricity in this region. Furthermore, rising investments in renewable energy generation are likely to create opportunities for flexible AC transmission systems (FACTS) controllers manufacturers over the next eight years.
The European market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid deployment of renewable energy sources such as solar and wind power
- Aging grid infrastructure in developed countries that need to be upgraded or replaced
- Emergence of new technologies such as high-voltage direct current (HVDC) transmission that can improve the efficiency of FACTS controllers
- Growing awareness about the benefits of FACTS controllers among utilities and consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Flexible AC Transmission Systems (FACTS) Controllers Market Research Report
By Type
Series Controllers, Shunt Controllers, Shunt-Series Controllers, Series-Series Controllers
By Application
Electric Utilities, Renewables, Railways, Industrial, Oil & Gas
By Companies
ABB, Siemens, GE Grid Solutions, Alstom, Mitsubishi Electric Corporation, Eaton Corporation, American Electric Power, Hyosung, Adani Power, NR Electric, ABB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Flexible AC Transmission Systems (FACTS) Controllers Market Report Segments:
The global Flexible AC Transmission Systems (FACTS) Controllers market is segmented on the basis of:
Types
Series Controllers, Shunt Controllers, Shunt-Series Controllers, Series-Series Controllers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electric Utilities, Renewables, Railways, Industrial, Oil & Gas
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- GE Grid Solutions
- Alstom
- Mitsubishi Electric Corporation
- Eaton Corporation
- American Electric Power
- Hyosung
- Adani Power
- NR Electric
- ABB
 Controllers Market Overview.svg)
Highlights of The Flexible AC Transmission Systems (FACTS) Controllers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Series Controllers
- Shunt Controllers
- Shunt-Series Controllers
- Series-Series Controllers
- By Application:
- Electric Utilities
- Renewables
- Railways
- Industrial
- Oil & Gas
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flexible AC Transmission Systems (FACTS) Controllers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Controllers Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
FACTS controllers are a type of air conditioning control system that allow for more flexibility in the way the system operates. FACTS controllers can be programmed to operate in a variety of ways, including using pre-set temperatures or fan speeds, or allowing the user to set their own preferences. This flexibility allows for a more customized experience for each individual room in the home, which can help improve comfort and energy efficiency.
Some of the key players operating in the flexible ac transmission systems (facts) controllers market are ABB, Siemens, GE Grid Solutions, Alstom, Mitsubishi Electric Corporation, Eaton Corporation, American Electric Power, Hyosung, Adani Power, NR Electric, ABB.
The flexible ac transmission systems (facts) controllers market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flexible AC Transmission Systems (FACTS) Controllers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Flexible AC Transmission Systems (FACTS) Controllers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flexible AC Transmission Systems (FACTS) Controllers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Flexible AC Transmission Systems (FACTS) Controllers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Flexible AC Transmission Systems (FACTS) Controllers Market Size & Forecast, 2018-2028
4.5.1 Flexible AC Transmission Systems (FACTS) Controllers Market Size and Y-o-Y Growth
4.5.2 Flexible AC Transmission Systems (FACTS) Controllers Market Absolute $ Opportunity
Chapter 5 Global Flexible AC Transmission Systems (FACTS) Controllers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Type
5.2.1 Series Controllers
5.2.2 Shunt Controllers
5.2.3 Shunt-Series Controllers
5.2.4 Series-Series Controllers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Flexible AC Transmission Systems (FACTS) Controllers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Applications
6.2.1 Electric Utilities
6.2.2 Renewables
6.2.3 Railways
6.2.4 Industrial
6.2.5 Oil & Gas
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flexible AC Transmission Systems (FACTS) Controllers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Flexible AC Transmission Systems (FACTS) Controllers Analysis and Forecast
9.1 Introduction
9.2 North America Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Type
9.6.1 Series Controllers
9.6.2 Shunt Controllers
9.6.3 Shunt-Series Controllers
9.6.4 Series-Series Controllers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Applications
9.10.1 Electric Utilities
9.10.2 Renewables
9.10.3 Railways
9.10.4 Industrial
9.10.5 Oil & Gas
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Flexible AC Transmission Systems (FACTS) Controllers Analysis and Forecast
10.1 Introduction
10.2 Europe Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Type
10.6.1 Series Controllers
10.6.2 Shunt Controllers
10.6.3 Shunt-Series Controllers
10.6.4 Series-Series Controllers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Applications
10.10.1 Electric Utilities
10.10.2 Renewables
10.10.3 Railways
10.10.4 Industrial
10.10.5 Oil & Gas
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Flexible AC Transmission Systems (FACTS) Controllers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Type
11.6.1 Series Controllers
11.6.2 Shunt Controllers
11.6.3 Shunt-Series Controllers
11.6.4 Series-Series Controllers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Applications
11.10.1 Electric Utilities
11.10.2 Renewables
11.10.3 Railways
11.10.4 Industrial
11.10.5 Oil & Gas
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Flexible AC Transmission Systems (FACTS) Controllers Analysis and Forecast
12.1 Introduction
12.2 Latin America Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Type
12.6.1 Series Controllers
12.6.2 Shunt Controllers
12.6.3 Shunt-Series Controllers
12.6.4 Series-Series Controllers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Applications
12.10.1 Electric Utilities
12.10.2 Renewables
12.10.3 Railways
12.10.4 Industrial
12.10.5 Oil & Gas
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Flexible AC Transmission Systems (FACTS) Controllers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Type
13.6.1 Series Controllers
13.6.2 Shunt Controllers
13.6.3 Shunt-Series Controllers
13.6.4 Series-Series Controllers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Flexible AC Transmission Systems (FACTS) Controllers Market Size Forecast by Applications
13.10.1 Electric Utilities
13.10.2 Renewables
13.10.3 Railways
13.10.4 Industrial
13.10.5 Oil & Gas
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Flexible AC Transmission Systems (FACTS) Controllers Market: Competitive Dashboard
14.2 Global Flexible AC Transmission Systems (FACTS) Controllers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 GE Grid Solutions
14.3.4 Alstom
14.3.5 Mitsubishi Electric Corporation
14.3.6 Eaton Corporation
14.3.7 American Electric Power
14.3.8 Hyosung
14.3.9 Adani Power
14.3.10 NR Electric
14.3.11 ABB
