The global flexible AC transmission system market is expected to grow at a CAGR of around 5.8% during 2024-2033. This report on global flexible AC transmission system market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global flexible AC transmission system market by segmenting the market based on compensation type, controller, application and region. Also, detailed profiles of companies operating in the flexible AC transmission system market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers
• Increasing Advancement of Electric Power Transmission System

Market Challenges
• High Initial Costs

Historical & Forecast Period

Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033

Market by Compensation Type
• Series compensation
• Shunt compensation
• Combined Series-Shunt Compensation

Market by Controller
• Static Synchronous Compensator (STATCOM)
• Static VAR Compensator (SVC)
• Unified Power Flow Controller (UPFC)
• Thyristor Controlled Series Compensator (TCSC)
• Other Controller

Market by Industry
• Oil and Gas
• Electric Utility
• Railways
• Other Applications

Market by Region
• Europe
o Germany
o United Kingdom
o France
o Italy
o Spain
o Russia
o Netherlands
o Rest of Europe
• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Rest of Asia Pacific
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o Turkey
o Iran
o United Arab Emirates
o Rest of Middle East & Africa