Flexible AC Transmission System Market

Industry Overview

During the forecast period of 2025 to 2030, the Global Flexible AC Transmission System Market is projected to expand at a compound annual growth rate (CAGR) of 5.6%, resulting in a valuation of USD 1.9 billion by 2030. This signifies significant growth compared to its value of USD 1.2 billion in 2023.

Flexible AC Transmission System (FACTS) is a power electronics-based system composed of static equipment used to transmit AC power. It aims to improve the controllability and increase the power transmission capacity of the network. The global flexible AC transmission system (FACTS) market is anticipated to grow significantly owing to an increase in demand for modern energy systems and an increase in investments for energy transmission systems. Flexible AC transmission systems support dynamic reactive or inductive power, improves system stability, and controls real and reactive power to the grid. This ensures efficient machine operation and increases system utilization. Nevertheless, an increase in penetration of FACTS as a lucrative electric transmission technology will meet the demand for a reliable supply of power, supports environmental sustainability, and brings cost and financial advantage.

The global FACTS market has a negative impact due to the COVID-19 pandemic. The major sector affected by this coronavirus is the railways. The railway operations were halted across the globe to restrict the movement of people and reduce the infection rate of the COVID-19 disease. Nevertheless, governments of various countries are taking initiatives to modernize and ramp up the railway sector. For example, in July 2020, the Indian government launched about 200 railway maintenance projects to improve railway safety and increase train speeds by modernizing existing railway infrastructure.

Market Segmentation

Insight by Compensation Type

On the basis of compensation type, the global flexible AC transmission system market is segmented into shunt compensation, series compensation, combined series-shunt compensation. Among these segments, the series compensation will hold the largest share in the global FACTS markets by 2030 due to the rising utilization of series systems in enhancing the power transfer capabilities of novel transmission lines and existing infrastructure. The emergence of series compensation systems can play a major role in augmenting the stability and quality of the energy transmissions lines, which will propel the growth of the FACTS market globally.

Insight by Controller

On the basis of the controller, the global flexible AC transmission system market is categorized into STATCOM (static synchronous compensator), SVC (static var compensator), UPFC (unified power flow controller), TCSC (thyristor-controlled series compensator), and others. Among these categories, the SVC controller segment is projected to have a lucrative growth, owing to its capability to limit voltage functions, power oscillations, resonance for unbalanced loads to fine-tune the active and reactive supply, thus infusing a positive outlook for using SVC in industries.

Insight by Application

On the basis of application, the global flexible AC transmission system market is bifurcated into voltage control and power control. Voltage control dominates the market Shunt compensation is used for voltage control applications. Static VAR compensator and STATCOM are adopted to stabilize the network voltage. Companies like GE, American Superconductor, and NR Electric are focused on voltage control applications. Therefore, the utility of shunt compensation in voltage control applications and the rising interest of major players in the FACTS of voltage control applications are driving the market.

Insight by Voltage

Based on voltage, the flexible AC transmission system market is divided into 132kV to 220 kV, more than 220 kV to 660KV, and more than 660 kV. More than 220 kV to 660 kV are gaining significant impetus in retrofitting of small-scale industrial platforms and large-scale commercial facilities in developing countries. Moreover, migration to the suburbs also leads to the growth of large housing estates and high-rise apartments which promotes product penetration. Thus, driving the demand for the FACTS market.

Insight by Vertical

On the basis of vertical, the global flexible AC transmission system market is divided into oil & gas, utilities, renewables, railways, and industrial. The use of FACTS in electrical utilities will dominate the market as it provides a cost-effective solution to reduce the pressure on existing transmission lines and saves the high investment costs required to build a new network.  Companies like ABB, GE, and Siemens offer FACTS to utilities due to the high demand for electricity generation worldwide.

Global Flexible AC Transmission System Market Report Coverage

Industry Dynamics

Industry Trends

The rise in investment for the development of power transmission systems and the increasing demand for advanced controllability of energy systems are the trends that will propel the growth of the global flexible AC transmission system market. Furthermore, consumer tendencies toward a safer living environment coupled with longer lifespans in energy infrastructure further stimulate the industry's prospects.

Growth Drivers

The flexible AC transmission system (FACTS) market is witnessing significant growth on a global scale. This growth can be attributed to the growing investments in the modernization of transmission lines and the rising demand for enhanced controllability in energy systems. These factors have greatly contributed to the stability of the system and the provision of reactive power support, thereby driving the demand for FACTS devices. Furthermore, factors such as harmonic reduction, rapid voltage regulation, improved energy supply, and short-term amortization are expected to fuel the expansion of the flexible AC transmission system market in the foreseeable future.

Challenges

The high initial investment for the incorporation and installation of FACTS devices will hamper the market growth. There is a lack of awareness regarding the advantages and capabilities of FACTS in emerging economies that act as a restraint for the growth of the flexible AC transmission systems market.

Opportunities

The rising trend for the generation of electricity from renewable sources owing to government regulations along with an increase in awareness regarding the environmental population is anticipated to create many opportunities for the growth of the flexible AC transmission systems market during the forecast period.

Geographic Overview

Europe accounts for the largest share of the flexible AC transmission systems market in 2020 owing to increasing industrial production, expanding population resulting in an increase in demand for electricity, and government regulations for carbon-free power transmission and grid code in Europe thus will boost the FACTS market in this region. North America will have a steady growth during the forecast period owing to increasing investment in the advancement of smart-grid networks and refurbishments of old electric infrastructure. Asia-Pacific is estimated to have healthy growth and provide huge opportunities to investors to grow in the projected period.

Competitive Insight

Key players in the flexible AC transmission systems market are focusing on organic and inorganic strategies such as mergers & acquisitions, product development, R&D, tie-ups & collaborations to have a competitive edge in the global market.

ABB is a technology leader in electrification and automation that enables more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, powered, moved and operated that accelerate industrial transformation

Siemens AG is a German multinational technology conglomerate. Its operations encompass automation and digitalization in the process and manufacturing industries, intelligent infrastructure for buildings.

Some of the key players operating in the flexible AC transmission system market: Siemens, ABB, NR Electric Co., Ltd., General Electric, Mitsubishi Electric Corporation, HYOSUNG HEAVY INDUSTRIES, Adani Group, Alstom, CG Power and Industrial Solutions Limited, and Infineon Technologies AG.

Recent Developments by Key Players

ABB has acquired Siemens' Wiring Accessories business in China. The acquisition will broaden ABB’s market reach and complement its regional customer offering within smart buildings.

Mitsubishi Electric has acquired AIRCALO, an air-conditioning company in France to expand and upgrade its hydronic HVAC systems business in the diversifying European market, meeting strong demand for made-to-order products.

The HVAC Control Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By Compensation Type
  • Shunt Compensation
  • Series Compensation
  • Combined Series-Shunt Compensation
• By Controller 
  • STATCOM
  • SVC
  • UPFC
  • TCSC
  • Others
• By Application
  • Voltage Control
  • Power Control
• By Voltage
  • 132kV to 220kV
  • More Than 220kV to 660kV
  • More Than 660kV
• By Vertical
  • Oil & Gas
  • Utilities
  • Renewables
  • Railways
  • Industrial

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Source: VynZ Research

Source: VynZ Research

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Compensation Type
                1.2.2.    By Controller 
                1.2.3.    By Application
                1.2.4.    By Voltage
                1.2.5.    By Vertical
                1.2.6.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Compensation Type
                5.1.1.    Shunt Compensation 
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030  
                5.1.2.    Series Compensation
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
                5.1.3.    Combined Series-Shunt Compensation
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2030
        5.2.    By Controller
                5.2.1.    STATCOM
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.    SVC
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030
                5.2.3.    UPFC
                        5.2.3.1. Market Definition
                        5.2.3.2. Market Estimation and Forecast to 2030
                5.2.4.    TCSC
                        5.2.4.1. Market Definition
                        5.2.4.2. Market Estimation and Forecast to 2030
                5.2.5.    Others
                        5.2.5.1. Market Definition
                        5.2.5.2. Market Estimation and Forecast to 2030
        5.3.    By Application   
                5.3.1.    Voltage Control
                        5.3.1.1. Market Definition
                        5.3.1.2. Market Estimation and Forecast to 2030
                5.3.2.    Power Control
                        5.3.2.1. Market Definition
                        5.3.2.2. Market Estimation and Forecast to 2030
        5.4.    By Voltage
                5.4.1.    132kV to 220kV 
                        5.4.1.1. Market Definition
                        5.4.1.2. Market Estimation and Forecast to 2030
                5.4.2.    More Than 220kV to 660kV
                        5.4.2.1. Market Definition
                        5.4.2.2. Market Estimation and Forecast to 2030
                5.4.3.    More Than 660kV
                        5.4.3.1. Market Definition
                        5.4.3.2. Market Estimation and Forecast to 2030
   5.5.    By Vertical
                5.5.1.    Oil & Gas
                        5.5.1.1. Market Definition
                        5.5.1.2. Market Estimation and Forecast to 2030
                5.5.2.    Utilities
                        5.5.2.1. Market Definition
                        5.5.2.2. Market Estimation and Forecast to 2030
                5.5.3.    Renewables
                        5.5.3.1. Market Definition
                        5.5.3.2. Market Estimation and Forecast to 2030
                5.5.4.    Railways
                        5.5.4.1. Market Definition
                        5.5.4.2. Market Estimation and Forecast to 2030
                5.5.5.    Industrial
                        5.5.5.1. Market Definition
                        5.5.5.2. Market Estimation and Forecast to 2030
6.    North America Market Estimate and Forecast

        6.1.    By Compensation Type
        6.2.    By Controller 
        6.3.    By Application
        6.4.    By Voltage
        6.5.    By Vertical
        6.6.    By Country
                6.6.1.    U.S. Market Estimate and Forecast
                6.6.2.    Canada Market Estimate and Forecast
                6.6.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Compensation Type
        7.2.    By Controller 
        7.3.    By Application
        7.4.    By Voltage
        7.5.    By Vertical
        7.6.    By Country
                7.6.1.    Germany Market Estimate and Forecast
                7.6.2.    France Market Estimate and Forecast
                7.6.3.    U.K. Market Estimate and Forecast
                7.6.4.    Italy Market Estimate and Forecast
                7.6.5.    Spain Market Estimate and Forecast
                7.6.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Compensation Type
        8.2.    By Controller 
        8.3.    By Application
        8.4.    By Voltage
        8.5.    By Vertical
        8.6.    By Country
                8.6.1.    China Market Estimate and Forecast
                8.6.2.    Japan Market Estimate and Forecast
                8.6.3.    India Market Estimate and Forecast
                8.6.4.    South Korea Market Estimate and Forecast
                8.6.5.    Singapore Market Estimate and Forecast
                8.6.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Compensation Type
        9.2.    By Controller 
        9.3.    By Application
        9.4.    By Voltage
        9.5.    By Vertical
        9.6.    By Country
                9.6.1.    Brazil Market Estimate and Forecast
                9.6.2.    Saudi Arabia Market Estimate and Forecast
                9.6.3.    South Africa Market Estimate and Forecast
                9.6.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Siemens
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    ABB
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    NR Electric Co., Ltd.
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    General Electric
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Mitsubishi Electric Corporation
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    HYOSUNG HEAVY INDUSTRIES
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Adani Group
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Alstom
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    CG Power and Industrial Solutions Limited
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    Infineon Technologies AG
                10.10.1. Snapshot
                10.10.2. Overview
                10.10.3. Offerings
                10.10.4. Financial Insight
                10.10.5. Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Flexible AC Transmission System  Market Size, By Compensation Type, 2018 - 2023 (USD Billion)
Table 5 Global Flexible AC Transmission System  Market Size, By Compensation Type, 2025 - 2030(USD Billion)
Table 6 Global Flexible AC Transmission System  Market Size, By Controller, 2018 - 2023 (USD Billion)
Table 7 Global Flexible AC Transmission System  Market Size, By Controller, 2025 - 2030(USD Billion)
Table 8 Global Flexible AC Transmission System  Market Size, By Application, 2018 - 2023 (USD Billion)
Table 9 Global Flexible AC Transmission System  Market Size, By Application, 2025 - 2030(USD Billion)
Table 10 Global Flexible AC Transmission System  Market Size, By Voltage, 2018 - 2023 (USD Billion)
Table 11 Global Flexible AC Transmission System  Market Size, By Voltage, 2025 - 2030(USD Billion)
Table 12 Global Flexible AC Transmission System  Market Size, By Vertical, 2018 - 2023 (USD Billion)
Table 13 Global Flexible AC Transmission System  Market Size, By Vertical, 2025 - 2030(USD Billion)
Table 14 Global Flexible AC Transmission System  Market Size, by Region, 2018 - 2023 (USD Billion)
Table 15 Global Flexible AC Transmission System  Market Size, by Region, 2025 - 2030(USD Billion)
Table 16 North America Flexible AC Transmission System  Market Size, By Compensation Type, 2018 - 2023 (USD Billion)
Table 17 North America Flexible AC Transmission System  Market Size, By Compensation Type, 2025 - 2030(USD Billion)
Table 18 North America Flexible AC Transmission System  Market Size, By Controller, 2018 - 2023 (USD Billion)
Table 19 North America Flexible AC Transmission System  Market Size, By Controller, 2025 - 2030(USD Billion)
Table 20 North America Flexible AC Transmission System  Market Size, By Application, 2018 - 2023 (USD Billion)
Table 21 North America Flexible AC Transmission System  Market Size, By Application, 2025 - 2030(USD Billion)
Table 22 North America Flexible AC Transmission System  Market Size, By Voltage, 2018 - 2023 (USD Billion)
Table 23 North America Flexible AC Transmission System  Market Size, By Voltage, 2025 - 2030(USD Billion)
Table 24 North America Flexible AC Transmission System  Market Size, By Vertical, 2018 - 2023 (USD Billion)
Table 25 North America Flexible AC Transmission System  Market Size, By Vertical, 2025 - 2030(USD Billion)
Table 26 North America Flexible AC Transmission System  Market Size, by Region, 2018 - 2023 (USD Billion)
Table 27 North America Flexible AC Transmission System  Market Size, by Region, 2025 - 2030(USD Billion)
Table 28 Europe Flexible AC Transmission System  Market Size, By Compensation Type, 2018 - 2023 (USD Billion)
Table 29 Europe Flexible AC Transmission System  Market Size, By Compensation Type, 2025 - 2030(USD Billion)
Table 30 Europe Flexible AC Transmission System  Market Size, By Controller, 2018 - 2023 (USD Billion)
Table 31 Europe Flexible AC Transmission System  Market Size, By Controller, 2025 - 2030(USD Billion)
Table 32 Europe Flexible AC Transmission System  Market Size, By Application, 2018 - 2023 (USD Billion)
Table 33 Europe Flexible AC Transmission System  Market Size, By Application, 2025 - 2030(USD Billion)
Table 34 Europe Flexible AC Transmission System  Market Size, By Voltage, 2018 - 2023 (USD Billion)
Table 35 Europe Flexible AC Transmission System  Market Size, By Voltage, 2025 - 2030(USD Billion)
Table 36 Europe Flexible AC Transmission System  Market Size, By Vertical, 2018 - 2023 (USD Billion)
Table 37 Europe Flexible AC Transmission System  Market Size, By Vertical, 2025 - 2030(USD Billion)
Table 38 Europe Flexible AC Transmission System  Market Size, by Region, 2018 - 2023 (USD Billion)
Table 39 Europe Flexible AC Transmission System  Market Size, by Region, 2025 - 2030(USD Billion)
Table 40 Asia-Pacific Flexible AC Transmission System  Market Size, By Compensation Type, 2018 - 2023 (USD Billion)
Table 41 Asia-Pacific Flexible AC Transmission System  Market Size, By Compensation Type, 2025 - 2030(USD Billion)
Table 42 Asia-Pacific Flexible AC Transmission System  Market Size, By Controller, 2018 - 2023 (USD Billion)
Table 43 Asia-Pacific Flexible AC Transmission System  Market Size, By Controller, 2025 - 2030(USD Billion)
Table 44 Asia-Pacific Flexible AC Transmission System  Market Size, By Application, 2018 - 2023 (USD Billion)
Table 45 Asia-Pacific Flexible AC Transmission System  Market Size, By Application, 2025 - 2030(USD Billion)
Table 46 Asia-Pacific Flexible AC Transmission System  Market Size, By Voltage, 2018 - 2023 (USD Billion)
Table 47 Asia-Pacific Flexible AC Transmission System  Market Size, By Voltage, 2025 - 2030(USD Billion)
Table 48 Asia-Pacific Flexible AC Transmission System  Market Size, By Vertical, 2018 - 2023 (USD Billion)
Table 49 Asia-Pacific Flexible AC Transmission System  Market Size, By Vertical, 2025 - 2030(USD Billion)
Table 50 Asia-Pacific Flexible AC Transmission System  Market Size, by Region, 2018 - 2023 (USD Billion)
Table 51 Asia-Pacific Flexible AC Transmission System  Market Size, by Region, 2025 - 2030(USD Billion)
Table 52 RoW Flexible AC Transmission System  Market Size, By Compensation Type, 2018 - 2023 (USD Billion)
Table 53 RoW Flexible AC Transmission System  Market Size, By Compensation Type, 2025 - 2030(USD Billion)
Table 54 RoW Flexible AC Transmission System  Market Size, By Controller, 2018 - 2023 (USD Billion)
Table 55 RoW Flexible AC Transmission System  Market Size, By Controller, 2025 - 2030(USD Billion)
Table 56 RoW Flexible AC Transmission System  Market Size, By Application, 2018 - 2023 (USD Billion)
Table 57 RoW Flexible AC Transmission System  Market Size, By Application, 2025 - 2030(USD Billion)
Table 58 RoW Flexible AC Transmission System  Market Size, By Voltage, 2018 - 2023 (USD Billion)
Table 59 RoW Flexible AC Transmission System  Market Size, By Voltage, 2025 - 2030(USD Billion)
Table 60 RoW Flexible AC Transmission System  Market Size, By Vertical, 2018 - 2023 (USD Billion)
Table 61 RoW Flexible AC Transmission System  Market Size, By Vertical, 2025 - 2030(USD Billion)
Table 62 RoW Flexible AC Transmission System  Market Size, by Region, 2018 - 2023 (USD Billion)
Table 63 RoW Flexible AC Transmission System  Market Size, by Region, 2025 - 2030(USD Billion)
Table 64 Snapshot – Siemens
Table 65 Snapshot – ABB
Table 66 Snapshot – NR Electric Co., Ltd.
Table 67 Snapshot – General Electric  
Table 68 Snapshot – Mitsubishi Electric Corporation
Table 69 Snapshot – HYOSUNG HEAVY INDUSTRIES
Table 70 Snapshot – Adani Group
Table 71 Snapshot – Alstom
Table 72 Snapshot – CG Power and Industrial Solutions Limited
Table 73 Snapshot – Infineon Technologies AG

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Flexible AC Transmission System  Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Flexible AC Transmission System  Market Highlight
Figure 12 Global Flexible AC Transmission System  Market Size, By Compensation Type, 2018 - 2030(USD Billion)
Figure 13 Global Flexible AC Transmission System  Market Size, By Controller, 2018 - 2030(USD Billion)
Figure 14 Global Flexible AC Transmission System  Market Size, By Application, 2018 - 2030(USD Billion)
Figure 15 Global Flexible AC Transmission System  Market Size, By Voltage, 2018 - 2030(USD Billion)
Figure 16 Global Flexible AC Transmission System  Market Size, By Vertical, 2018 - 2030(USD Billion)
Figure 17 Global Flexible AC Transmission System  Market Size, by Region, 2018 - 2030(USD Billion)
Figure 18 North America Flexible AC Transmission System  Market Highlight
Figure 19 North America Flexible AC Transmission System  Market Size, By Compensation Type, 2018 - 2030(USD Billion)
Figure 20 North America Flexible AC Transmission System  Market Size, By Controller, 2018 - 2030(USD Billion)
Figure 21 North America Flexible AC Transmission System  Market Size, By Application, 2018 - 2030(USD Billion)
Figure 22 North America Flexible AC Transmission System  Market Size, By Voltage, 2018 - 2030(USD Billion)
Figure 23 North America Flexible AC Transmission System  Market Size, By Vertical, 2018 - 2030(USD Billion)
Figure 24 North America Flexible AC Transmission System  Market Size, by Region, 2018 - 2030(USD Billion)
Figure 25 Europe Flexible AC Transmission System  Market Highlight
Figure 26 Europe Flexible AC Transmission System  Market Size, By Compensation Type, 2018 - 2030(USD Billion)
Figure 27 Europe Flexible AC Transmission System  Market Size, By Controller, 2018 - 2030(USD Billion)
Figure 28 Europe Flexible AC Transmission System  Market Size, By Application, 2018 - 2030(USD Billion)
Figure 29 Europe Flexible AC Transmission System  Market Size, By Voltage, 2018 - 2030(USD Billion)
Figure 30 Europe Flexible AC Transmission System  Market Size, By Vertical, 2018 - 2030(USD Billion)
Figure 31 Europe Flexible AC Transmission System  Market Size, by Region, 2018 - 2030(USD Billion)
Figure 34 Asia-Pacific Flexible AC Transmission System  Market Highlight
Figure 35 Asia-Pacific Flexible AC Transmission System  Market Size, By Compensation Type, 2018 - 2030(USD Billion)
Figure 36 Asia-Pacific Flexible AC Transmission System  Market Size, By Controller, 2018 - 2030(USD Billion)
Figure 37 Asia-Pacific Flexible AC Transmission System  Market Size, By Application, 2018 - 2030(USD Billion)
Figure 38 Asia-Pacific Flexible AC Transmission System  Market Size, By Voltage, 2018 - 2030(USD Billion)
Figure 39 Asia-Pacific Flexible AC Transmission System  Market Size, By Vertical, 2018 - 2030(USD Billion)
Figure 40 Asia-Pacific Flexible AC Transmission System  Market Size, by Region, 2018 - 2030(USD Billion)
Figure 41 RoW Flexible AC Transmission System  Market Highlight
Figure 42 RoW Flexible AC Transmission System  Market Size, By Compensation Type, 2018 - 2030(USD Billion)
Figure 43 RoW Flexible AC Transmission System  Market Size, By Controller, 2018 - 2030(USD Billion)
Figure 44 RoW Flexible AC Transmission System  Market Size, By Application, 2018 - 2030(USD Billion)
Figure 45 RoW Flexible AC Transmission System  Market Size, By Voltage, 2018 - 2030(USD Billion)
Figure 46 RoW Flexible AC Transmission System  Market Size, By Vertical, 2018 - 2030(USD Billion)
Figure 47 RoW Flexible AC Transmission System  Market Size, by Region, 2018 - 2030(USD Billion)