유연 AC 전송 시스템(FACTS) 시장 성장 분석, 역학, 주요 업체 및 혁신, 전망 및 예측 2025-2032

According to a new report from Intel Market Research, the global flexible alternating current transmission systems (FACTS) market was valued at $1.376 billion in 2024 and is expected to reach $1.918 billion by 2032, growing at a CAGR of 5.0% during the forecast period (2024-2032). This growth is being driven by increasing demand for grid stability, renewable energy integration, and efficient transmission infrastructure.

What is a Flexible AC Transmission System (FACTS)?
A Flexible AC Transmission System (FACTS) is a system comprised of fixed equipment used for the transmission of alternating current (AC) electrical energy. Designed to improve network controllability and increase power transmission capacity, FACTS is typically a power electronics-based system.

IEEE defines FACTS as "power electronics-based systems and other stationary equipment that control one or more AC transmission system parameters to improve controllability and increase power transmission capacity."

According to Siemens, "FACTS increases the reliability of alternating current (AC) power grids and reduces power supply costs. It improves transmission quality and efficiency by injecting inductive or reactive power into the grid."

Major manufacturers include ABB, Siemens, RXPE, Tsinghua Electric, Mitsubishi Electric, GE, Toshiba, AMSC, and Hyosung. ABB is the largest manufacturer, accounting for over 31% of global market sales.

This report surveys Flexible Alternating Current Transmission Systems (FACTS) companies and industry experts to understand sales, demand, product types, recent developments and plans, industry trends, growth drivers, challenges, obstacles, and potential risks.

This report provides a comprehensive analysis of the global market for Flexible Alternating Current Transmission Systems (FACTS), and through quantitative and qualitative analysis, it helps readers develop business/growth strategies, assess the market competition, analyze their current market position, and make informed business decisions related to Flexible Alternating Current Transmission Systems (FACTS).

Key Market Drivers

1. The global transition to renewable energy
   sources like wind and solar has created an urgent need for grid stabilization. FACTS devices are essential to modern grid infrastructure, helping manage the intermittent nature of renewable energy through reactive power support, voltage control, and power flow control.

In regions with high renewable energy penetration, such as Europe and North America, utilities are increasing their investments in FACTS to prevent grid instability and reduce transmission losses.

2. Rising electricity demand and
   rapid industrialization in developing countries have led to increased electricity consumption. FACTS devices help optimize existing transmission infrastructure, delaying or eliminating the need for new transmission line construction, making them cost-effective and environmentally friendly.

Countries like China and India are investing heavily in FACTS to support growing industrial sectors and reduce transmission losses in their extensive power grids.

Power Grid Reliability and Power Quality Requirements
The modern digital economy demands highly reliable power supplies. Industries such as data centers, semiconductor manufacturing, and healthcare facilities cannot tolerate outages or voltage fluctuations. FACTS devices provide the power quality improvements needed to support these sensitive loads. Market Challenges
: High initial investment: FACTS devices entail significant capital expenditures, which can be a barrier for utilities in developing countries.
Technical Complexity: Designing and implementing FACTS solutions requires expertise not readily available in all markets.
Regulatory Framework: Regulatory environments in some regions have lagged behind technological advancements, creating uncertainty for potential investors.
Future Opportunities :
The global shift toward digitalization, electrification, and sustainable infrastructure presents significant opportunities. Regions such as Asia Pacific, Latin America, the Middle East, and Africa are experiencing growth driven by:

Grid Modernization Initiatives: Governments around the world are investing in smart grid technologies.
Renewable Energy Integration Goals: Countries are setting ambitious renewable energy targets, spurring demand for grid stabilization solutions.
Infrastructure Development Programs: Emerging economies are investing in power infrastructure to support economic growth.
In particular, major manufacturers such as ABB, Siemens, and General Electric have announced expansion plans in emerging markets, focusing on the following areas:

Local production to reduce costs

Training programs for local expertise development
Partnerships with local utilities and industries
Market segmentation
by product type

Shunt compensation (e.g. STATCOM, SVC)
Series compensation (e.g. SSSC, TCSC)
Hybrid solutions
Others (power conditioning, active filters)
By application

Power Utilities
Rail and Metro Systems
Industrial Sectors (Metals, Mining, Manufacturing)
Renewable Energy Power Plants (Wind, Solar Power)
Data Centers and Critical Infrastructure
By End User

Power Utilities
Industry Sector
Commercial Sector
Rail & Transportation
Regional Market Analysis
North America: A mature market with demand for replacement and upgrades. The United States and Canada are pursuing extensive FACTS deployments, particularly in renewable energy integration and grid modernization projects.
Europe: A leading region in renewable energy integration, with countries such as Germany, the United Kingdom, and Spain investing heavily in grid stabilization solutions to support energy transition goals.
Asia Pacific: The fastest-growing market driven by rapid industrialization and urbanization. China and India are the largest markets, investing heavily in power infrastructure.
Latin America, the Middle East, and Africa: Emerging markets with increasing power infrastructure investment, but still in the early stages of adoption.
Competitive Landscape:
The global FACTS market is somewhat consolidated, with the top five companies holding approximately 60% of the market share. However, there are many regional and specialized players offering niche solutions.

The main competitive strategies are:

Product innovation and portfolio expansion,
geographic expansion into emerging markets
, strategic partnerships and acquisitions, and
a focus on lifecycle services and digital solutions.
About Intel Market Research
. Intel Market Research is a leading strategic intelligence provider providing actionable insights in the energy, power systems, and industrial automation industries. Our research capabilities include:

Power Equipment Market Size Analysis and Forecast,
Technology Trend Analysis,
Competitive Intelligence and Benchmarking
, Policy and Regulatory Analysis,
Trusted by Fortune 500 Companies, our insights empower decision makers to drive innovation with confidence.

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