Global FACTS Devices Market Growth (Status and Outlook) 2023-2029

Global FACTS Devices Market Growth (Status and Outlook) 2023-2029

Product Code:462684

Published Date: Feb 08,2023

Pages: 103

Region: Global

Category: Machinery & Equipment

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Flexible alternating current transmission system (FACTS) is static equipment used for the AC transmission of electrical energy. It is meant to enhance controllability and increase power transfer capability.

LPI (LP Information)' newest research report, the “FACTS Devices Industry Forecast” looks at past sales and reviews total world FACTS Devices sales in 2022, providing a comprehensive analysis by region and market sector of projected FACTS Devices sales for 2023 through 2029. With FACTS Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world FACTS Devices industry.

This Insight Report provides a comprehensive analysis of the global FACTS Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on FACTS Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global FACTS Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for FACTS Devices and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global FACTS Devices.

The global FACTS Devices market size is projected to grow from US$ 1401.5 million in 2022 to US$ 2124.2 million in 2029; it is expected to grow at a CAGR of 6.1% from 2023 to 2029.

Global key players of FACTS devices include Hitachi ABB Power Grids, Siemens, etc. Global top 4 companies hold a share about 30%. Asia Pacific is the largest market, with a share over 60%, followed by Europe and North America with the share about 20% and 10%. In terms of product, SVG is the largest segment, with a share over 50%. And in terms of application, the largest application is metallurgy and steel, with a share about 30%.

This report presents a comprehensive overview, market shares, and growth opportunities of FACTS Devices market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    SVC
    SVG

Segmentation by application
    Metallurgy and Steel
    Mining
    New Energy
    Chemical
    Transportation
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Hitachi ABB Power Grids
    Siemens
    Mitsubishi Electric
    Liaoning Rongxin Xingye Power Technology Co.,Ltd
    GE
    FGI
    Toshiba
    Taikai Power Electronic Co.,Ltd
    Sieyuan Electric Co., Ltd
    Hyosung
    NR Electric Co., Ltd
    AMSC