Market Overview:
The global flexible DC transmission systems (FACTS) market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The high power segment is expected to hold the largest share of the global flexible DC transmission systems (FACTS) market in 2018, and is projected to grow at a CAGR of 7.0% from 2018 to 2030.
 Industry Outlook.svg)
Product Definition:
Flexible DC Transmission Systems (FACTS) are devices that use power electronics to control the flow of electricity in a power grid. This allows for more efficient and reliable transmission of electricity, and can help to stabilize the grid during times of high demand or instability.
High Power:
High power is the ability of a device or system to deliver more than the standard amount of power for a specific application. The term high power generally means two things, first, it's ability to perform operations at higher temperatures and second, it's usage in various applications such as lasers and electric arc furnaces. High Power typically has three components; It’s Ability To (IAT), It’s Usage (ITU) and Growth Factor (IFG).
Low Power:
Low power and it's usage in FACTS market is a new term which has been derived from the field of renewable energy. It means low power or low voltage electrical equipment used to convert the conventional sources of energy into usable forms for use in various applications. The most common application areas include solar, wind, hydro and other renewable sources such as bio-energy.
Application Insights:
Based on application, the market has been segmented into overhead transmission, underground transmission, and subsea transmission. The overhead transmission system is further divided into urban and rural areas. FACTS are widely used in the overhead transmissions due to its ability to provide high power density with low weight which results in reduced cost per kilowatt-mile of electricity generated.
The underground system is a type of direct current (DC) electric power distribution that uses an electrical conductive cable for moving electrical energy from generating stations to homes or businesses located below ground level.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a growing demand for renewable energy, which has resulted in an increased focus on Faceted Cable Transmission (FCT) systems. China is estimated to be one of the key contributors towards regional growth owing to increasing investments in power infrastructure coupled with rising electricity consumption from industrial sectors.
Europe accounted for a significant share of revenue generation owing to high penetration rates of FACTS technology across major countries such as Germany, France, U.K., and Russia among others. In addition, factors such as fluctuating electricity prices due to weather conditions and carbon tax are anticipated to drive industry expansion over the next eight years across European nations including Belgium, Denmark, Finland Sweden among others ‘’).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid deployment of renewable energy sources such as solar and wind power
- Need for grid stability and reliability due to increasing share of intermittent renewables in the grid mix
- Rising concerns over climate change and air pollution from traditional power generation methods
- Government policies supporting the deployment of FACTS technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Flexible DC Transmission Systems (FACTS) Market Research Report
By Type
High Power, Low Power
By Application
Overhead Transmission, Underground Transmission, Subsea Transmission
By Companies
ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC, Hyosung, 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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Flexible DC Transmission Systems (FACTS) Market Report Segments:
The global Flexible DC Transmission Systems (FACTS) market is segmented on the basis of:
Types
High Power, Low Power
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
Overhead Transmission, Underground Transmission, Subsea Transmission
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
- RXPE
- Sieyuan Electric
- Mitsubishi Electric
- GE
- Toshiba
- AMSC
- Hyosung
- ABB
 Market Overview.svg)
Highlights of The Flexible DC Transmission Systems (FACTS) 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:
- High Power
- Low Power
- By Application:
- Overhead Transmission
- Underground Transmission
- Subsea Transmission
- 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 DC Transmission Systems (FACTS) 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
 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?
Flexible DC Transmission Systems (FACTS) is a technology that uses an electric motor to convert mechanical energy into electrical energy. FACTS can be used in applications such as transportation, renewable energy generation, and industrial automation.
Some of the key players operating in the flexible dc transmission systems (facts) market are ABB, Siemens, RXPE, Sieyuan Electric, Mitsubishi Electric, GE, Toshiba, AMSC, Hyosung, ABB.
The flexible dc transmission systems (facts) 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 DC Transmission Systems (FACTS) 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 DC Transmission Systems (FACTS) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flexible DC Transmission Systems (FACTS) 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 DC Transmission Systems (FACTS) 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 DC Transmission Systems (FACTS) Market Size & Forecast, 2020-2028
4.5.1 Flexible DC Transmission Systems (FACTS) Market Size and Y-o-Y Growth
4.5.2 Flexible DC Transmission Systems (FACTS) Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 High Power
5.2.2 Low Power
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Overhead Transmission
6.2.2 Underground Transmission
6.2.3 Subsea Transmission
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flexible DC Transmission Systems (FACTS) 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 DC Transmission Systems (FACTS) 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 High Power
9.6.2 Low Power
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 Market Size Forecast by Applications
9.10.1 Overhead Transmission
9.10.2 Underground Transmission
9.10.3 Subsea Transmission
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 High Power
10.6.2 Low Power
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 Market Size Forecast by Applications
10.10.1 Overhead Transmission
10.10.2 Underground Transmission
10.10.3 Subsea Transmission
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 High Power
11.6.2 Low Power
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 Market Size Forecast by Applications
11.10.1 Overhead Transmission
11.10.2 Underground Transmission
11.10.3 Subsea Transmission
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 High Power
12.6.2 Low Power
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 Market Size Forecast by Applications
12.10.1 Overhead Transmission
12.10.2 Underground Transmission
12.10.3 Subsea Transmission
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 High Power
13.6.2 Low Power
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) Market Size Forecast by Applications
13.10.1 Overhead Transmission
13.10.2 Underground Transmission
13.10.3 Subsea Transmission
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 DC Transmission Systems (FACTS) Market: Competitive Dashboard
14.2 Global Flexible DC Transmission Systems (FACTS) 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 RXPE
14.3.4 Sieyuan Electric
14.3.5 Mitsubishi Electric
14.3.6 GE
14.3.7 Toshiba
14.3.8 AMSC
14.3.9 Hyosung
14.3.10 ABB
