フレキシブル交流送電システム市場レポート：動向、予測、競合分析 (2031年まで)

世界のフレキシブル交流送電システム (FACTS) 市場の将来は、公益事業、再生可能エネルギー、産業、鉄道の各市場における機会で有望視されています。世界のフレキシブル交流送電システム市場は、2025年から2031年までのCAGRが7.9%で、2031年までに推定30億米ドルに達すると予想されます。この市場の主な促進要因は、送電線の拡張、電圧調整用STATCOMデバイスのニーズの増加、再生可能エネルギーの電力網への統合の拡大です。

• Lucintelの予測では、世代別では、予測期間中、第2世代がより大きなセグメントであり続ける。
• 最終用途別では、ユーティリティが予測期間中最大のセグメントであり続けると思われます。
• 地域別では、欧州が予測期間中最大の地域であり続けると思われます。

フレキシブル交流送電システム市場の戦略的成長機会

フレキシブル交流送電システム市場は、効率的で信頼性の高い送電への需要が世界的に高まっていることから、大きな成長が見込まれています。再生可能エネルギー統合、スマートグリッド開発、産業オートメーション、電圧調整、電力品質改善などの主なアプリケーションは、多くの機会をもたらしています。これらの成長分野は、持続可能性へのシフト、都市化の進展、グリッド回復力の必要性など、世界のエネルギー動向と一致しています。電力会社や産業界が、電力の流れを管理し、送電網の安定性を高めるための先進的なソリューションを求める中、フレキシブル交流送電システム市場は、エネルギー情勢を変革する上で重要な役割を果たすことになると思われます。

• 再生可能エネルギーの統合：再生可能エネルギーの導入が進むにつれて、変動性や間欠性に対応するための効果的なグリッド管理が必要となります。静止同期補償装置や統合パワーフローコントローラなどのフレキシブル交流送電システム技術は、電力系統の安定性と信頼性を高める。風力や太陽光エネルギーを既存の送電網にシームレスに統合することで、フレキシブル交流送電システムソリューションは、電力会社が資源利用を最適化し、よりクリーンなエネルギーを求める規制を満たすのに役立ちます。各国が再生可能エネルギー目標の達成と二酸化炭素排出量の削減を目指していることから、このアプリケーションには多額の投資が見込まれています。
• スマートグリッドの開発：スマートグリッドの進化は、電気システムのリアルタイムモニタリングと制御を可能にするフレキシブル交流送電システム技術への需要を促進しています。フレキシブル交流送電システムをスマートグリッドインフラに組み込むことで、電力会社は運用効率を高め、変動するエネルギー需要への対応力を向上させることができます。この成長機会は、より優れた負荷管理、停電対応の改善、消費者の関与の強化を可能にするシステムの開発に焦点を当てています。各国政府がスマートグリッド構想に投資する中、フレキシブル交流送電システムソリューションの統合は、信頼性が高く効率的で持続可能な電力システムの実現に不可欠です。
• 産業オートメーション：生産性と業務効率を高めるため、産業界では自動化システムの導入が進んでいます。フレキシブル交流送電システム技術は、安定した電力供給と繊細な機器に最適な電圧レベルを確保することで、産業オートメーションをサポートすることができます。製造業、鉱業、データセンターなどの分野での応用が特に有望です。これらの分野では、中断のない操業を維持するために堅牢な電力ソリューションが必要とされるからです。フレキシブル交流送電システムソリューションに投資することで、産業界はダウンタイムを最小限に抑え、オートメーション・システムの性能を強化することができ、大幅なコスト削減と競合の改善につながります。
• 電圧調整：電圧調整は、電気システムの電力品質と信頼性を維持するために極めて重要です。フレキシブル交流送電システムは、無効電力を動的に管理し、電圧変動を低減することにより、電圧安定化において重要な役割を果たします。このアプリケーションは、負荷が変動する地域や再生可能エネルギーの普及率が高い地域において特に重要です。電力会社が高品質の電力を供給しなければならないというプレッシャーに直面するにつれ、電圧制御を強化するフレキシブル交流送電システムソリューションへの需要が高まり、高度なトランスミッション技術への投資が促進されます。
• 電力品質の改善：産業界や消費者が高感度電子機器に依存するようになるにつれ、電力品質向上の必要性はますます高まっています。フレキシブル交流送電システム技術は、高調波、フリッカ、電圧降下などの問題を緩和し、安定したクリーンな電力供給を保証することができます。この成長機会は、電子機器や再生可能エネルギー源が集中する都市部において特に重要です。電力会社は電力品質の改善に注力することで、顧客満足度を高め、機器の損傷を減らし、規制基準に準拠することができます。

フレキシブル交流送電システム市場は、効率的で信頼性の高い送電へのニーズの高まりに後押しされ、さまざまな用途で数多くの戦略的成長機会を提供しています。再生可能エネルギー統合、スマートグリッド開発、産業オートメーション、電圧調整、電力品質改善に注力することで、利害関係者は進化するエネルギー情勢を活用することができます。これらの成長分野は、世界の持続可能性目標に合致するだけでなく、現代の電力システムが直面する差し迫った課題にも対応しています。

フレキシブル交流送電システム市場促進要因・課題

フレキシブル交流送電システム市場は、技術進歩、経済動向、規制枠組みを含む無数の市場促進要因・課題の影響を受けています。再生可能エネルギー源の統合が進むとともに、効率的な送電への需要が高まるにつれ、フレキシブル交流送電システム技術の採用が重要になっています。しかし、市場は初期コストの高さ、熟練労働者の必要性、規制基準の進化といった課題にも直面しています。これらの力学を理解することは、利害関係者が市場の複雑さを乗り越え、その潜在能力を最大限に活用するために不可欠です。

フレキシブル交流送電システム市場を牽引している要因は以下の通りです：

• 再生可能エネルギー源の統合：再生可能エネルギーへの移行は、フレキシブル交流送電システム市場の主要な促進要因です。各国が二酸化炭素排出量削減の野心的な目標を設定する中、風力、太陽光、その他の再生可能エネルギー源をグリッドに統合することが必須となっています。静止同期コンペンセーターや統合パワーフローコントローラーなどのフレキシブル交流送電システム技術は、パワーフローを管理し、送電網の安定性を高めることで、この統合を促進します。電力会社や政府がクリーンエネルギー・ソリューションを優先しているため、フレキシブル交流送電システムソリューションの需要は大幅に伸びると予想されます。
• グリッドの信頼性と安定性に対する需要の高まり：停電の頻度や送電網の不安定性の問題の増加により、信頼性の高い送電システムの必要性が高まっています。フレキシブル交流送電システム技術は、電圧レベルを動的に制御し無効電力を管理することで、電力会社が送電網の信頼性を高めるのに役立ちます。この機能は、需要の変動や再生可能エネルギーの変動に直面しても、サービスの継続性を維持するために極めて重要です。電力消費が増加し続けるなか、電力会社は安定した信頼性の高い電力供給を確保するため、フレキシブル交流送電システムソリューションへの投資を増やしていくと思われます。
• 技術の進歩：パワーエレクトロニクスと制御技術の急速な進歩が、フレキシブル交流送電システム市場を前進させています。デジタル制御、リアルタイム・モニタリング、予測分析などの技術革新は、フレキシブル交流送電システム機器の性能と効率を高める。こうした技術改良は、電力フローを最適化するだけでなく、系統障害への迅速な対応を可能にします。新しいソリューションが登場するにつれて、フレキシブル交流送電システム技術の採用は、インフラの近代化を目指す電力会社や産業事業者にとって、より魅力的なものとなりつつあります。
• スマートグリッドへの取り組みに対する規制支援：世界各国の政府は、スマートグリッドと先進送電技術の開発を促進する政策と政策を実施しています。こうした規制の枠組みには、エネルギー効率の改善と温室効果ガス排出量の削減を目的とした、フレキシブル交流送電システムソリューションへの投資に対するインセンティブが含まれていることが多いです。規制当局の支援が増えるにつれ、電力会社はフレキシブル交流送電システム技術を採用する傾向が強まり、市場の成長と技術革新が促進されます。
• エネルギー需要の増加と都市化：世界のエネルギー需要は都市化と工業化によって増加し続けており、送電能力の強化が必要となっています。フレキシブル交流送電システム技術により、電力会社は増加する負荷を効率的に管理できるようになり、成長する都市部での電気インフラの拡張が容易になります。このような送電能力強化の需要が、フレキシブル交流送電システムソリューションへの投資を後押ししています。ユーティリティ企業は、運用効率を確保しながら将来のエネルギー需要に対応しようとしているからです。

フレキシブル交流送電システム市場の課題は以下の通りです：

• 初期投資コストの高さ：フレキシブル交流送電システム市場が直面する主な課題の1つは、こうした先進技術の導入に伴う初期コストの高さです。フレキシブル交流送電システム機器の導入に必要な資本は、特に予算に制約のある地域では、電力会社や企業の投資意欲を減退させる可能性があります。この金銭的障壁は、長期的な運用上のメリットがあるにもかかわらず、フレキシブル交流送電システムソリューションの採用を遅らせる可能性があります。資金調達オプションに対処し、インセンティブを提供することは、この課題を軽減するのに役立つ可能性があります。
• 熟練労働力の不足：フレキシブル交流送電システム技術の導入と保守には、専門的な技術と知識が必要です。しかし、パワーエレクトロニクスと高度制御システムの専門知識を持つ専門家の不足は顕著です。このスキルギャップは、フレキシブル交流送電システム・ソリューションの効果的な展開と運用を妨げ、遅延と非効率を生み出す可能性があります。この課題に対処し、フレキシブル交流送電システム技術の導入を成功させるためには、労働力の訓練と教育プログラムに投資することが不可欠です。
• 進化する規制基準：エネルギー・トランスミッションと再生可能エネルギー統合を取り巻く規制状況は絶えず進化しています。このような変化は、電力会社やフレキシブル交流送電システム技術への投資を検討している企業に不確実性をもたらす可能性があります。新しい規制やコンプライアンス要件に対応するためには、さらなるリソースと時間が必要となり、プロジェクトのスケジュールを遅らせる可能性があります。規制の変更に関する情報を常に入手し、利害関係者との協力を促進することで、関係者はこの課題を効果的に乗り切ることができます。

フレキシブル交流送電システム市場は、再生可能エネルギー統合、技術進歩、規制支援によって大きな成長機会をもたらしています。しかし、持続的な市場開拓のためには、高コスト、労働力不足、新興国市場規制などの課題に対処しなければならないです。利害関係者は、これらの促進要因と課題を理解することで、効率的で信頼性の高い送電ソリューションに対する需要の高まりに対応する戦略を立てることができます。

目次

第1章 エグゼクティブサマリー

第2章 世界のフレキシブル交流送電システム市場：市場力学

• イントロダクション、背景、分類
• サプライチェーン
• 業界の促進要因と課題

第3章 市場動向と予測分析 (2019年～2031年)

• マクロ経済動向 (2019～2024年) と予測 (2025～2031年)
• 世界のフレキシブル交流送電システム市場の動向 (2019～2024年) と予測 (2025～2031年)
• 世界のフレキシブル交流送電システム市場：世代別
  • 第一世代
  • 第二世代
• 世界のフレキシブル交流送電システム市場：機能別
  • 電圧制御
  • ネットワークの安定化
  • 送電容量
  • 高調波抑制
• 世界のフレキシブル交流送電システム市場：最終用途別
  • ユーティリティ
  • 再生可能エネルギー
  • 工業
  • 鉄道
  • その他
• 世界のフレキシブル交流送電システム市場：用途別
  • 電圧制御
  • 電力制御

第4章 地域別の市場動向と予測分析 (2019年～2031年)

• 世界のフレキシブル交流送電システム市場：地域別
• 北米のフレキシブル交流送電システム市場
• 欧州のフレキシブル交流送電システム市場
• アジア太平洋のフレキシブル交流送電システム市場
• その他地域のフレキシブル交流送電システム市場

第5章 競合分析

• 製品ポートフォリオ分析
• 運用統合
• ポーターのファイブフォース分析

第6章 成長機会と戦略分析

• 成長機会分析
  • 世界のフレキシブル交流送電システム市場の成長機会：世代別
  • 世界のフレキシブル交流送電システム市場の成長機会：機能別
  • 世界のフレキシブル交流送電システム市場の成長機会：最終用途別
  • 世界のフレキシブル交流送電システム市場の成長機会：用途別
  • 世界のフレキシブル交流送電システム市場の成長機会：地域別
• 世界のフレキシブル交流送電システム市場の新たな動向
• 戦略的分析
  • 新製品の開発
  • 世界のフレキシブル交流送電システム市場の生産能力拡大
  • 世界のフレキシブル交流送電システム市場における企業合併・買収 (M&A)、合弁事業
  • 認証とライセンシング

第7章 主要企業のプロファイル

• ABB
• Siemens
• Mitsubishi Electric
• Infineon Technologies
• NR Electric
• Hyosung Heavy Industries
• Rongxin Power

The future of the global flexible AC transmission system market looks promising with opportunities in the utility, renewable, industrial, and railway markets. The global flexible AC transmission system market is expected to reach an estimated $3 billion by 2031 with a CAGR of 7.9% from 2025 to 2031. The major drivers for this market are an expansion of transmission lines, an increasing need for STATCOM devices to regulate voltage, and an escalating integration of renewable energy into power grids.

• Lucintel forecasts that, within the generation category, the second generation will remain the larger segment over the forecast period.
• Within the end use category, utility will remain the largest segment over the forecast period.
• In terms of regions, Europe will remain the largest region over the forecast period.

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Emerging Trends in the Flexible AC Transmission System Market

The flexible AC transmission system market is experiencing significant growth as power systems evolve to accommodate renewable energy sources, improve grid stability, and enhance overall efficiency. With increasing demand for reliable electricity and the need for modern infrastructure, emerging trends are reshaping how flexible AC transmission system technologies are developed and implemented. These trends reflect advancements in technology, regulatory frameworks, and shifting energy landscapes across the globe. Below are five key trends that are driving the flexible AC transmission system market forward.

• Integration of Renewable Energy Sources: The shift toward renewable energy is a major driver for flexible AC transmission system technologies. As solar and wind power generation increase, flexible AC transmission system devices help manage the variability and intermittency of these sources, ensuring grid stability. Technologies like STATCOMs and UPFCs facilitate the smooth integration of renewables, allowing for better voltage control and reactive power management. This integration is critical for utilities striving to meet renewable energy targets while maintaining a reliable electricity supply, highlighting the flexible AC transmission system's essential role in the energy transition.
• Advancements in Power Electronics: Recent innovations in power electronics have greatly enhanced the efficiency and performance of flexible AC transmission system devices. New materials, such as silicon carbide (SiC) and gallium nitride (GaN), allow for smaller, lighter, and more efficient devices capable of faster response times. These advancements improve control over power flow and voltage stability, making flexible AC transmission system technologies more effective for modern energy systems. As power electronics continue to evolve, they will further drive the capabilities and adoption of flexible AC transmission system solutions.
• Smart Grid Integration: The emergence of smart grid technologies is transforming the flexible AC transmission system landscape. By integrating advanced communication and control systems, flexible AC transmission system devices can operate dynamically, responding in real time to changes in electricity demand and supply. This capability enhances grid resilience and reliability, allowing for optimized power management. Smart grids equipped with flexible AC transmission system solutions offer improved monitoring, predictive maintenance, and efficient resource allocation, thereby enhancing overall grid performance and supporting the transition to a more sustainable energy infrastructure.
• Regulatory Support and Policy Frameworks: Government regulations and policies are increasingly supporting the deployment of flexible AC transmission system technologies as part of broader energy transition strategies. Many countries are implementing frameworks that incentivize investments in advanced transmission solutions to enhance grid reliability and sustainability. These regulations promote the adoption of flexible AC transmission system devices, which are critical for achieving renewable energy goals and improving overall grid resilience. As regulatory support grows, so does the potential for widespread flexible AC transmission system implementation across various energy markets.
• Focus on Grid Resilience: As extreme weather events become more frequent, the focus on grid resilience is intensifying. flexible AC transmission system technologies play a crucial role in enhancing grid robustness by improving voltage stability and managing power quality. Utilities are increasingly investing in flexible AC transmission system solutions to protect infrastructure and ensure continuous electricity supply during disruptions. This trend emphasizes the critical importance of flexible AC transmission systems in maintaining operational reliability and underscores the need for modernized energy systems that can withstand environmental challenges.

The flexible AC transmission system market is poised for significant advancements driven by the integration of renewable energy, innovations in power electronics, and the adoption of smart grid technologies. Regulatory support and an emphasis on grid resilience further contribute to the growth of flexible AC transmission system solutions. These emerging trends reflect the ongoing transformation of energy systems worldwide, highlighting the critical role of flexible AC transmission system technologies in achieving a reliable, efficient, and sustainable energy future.

Recent Developments in the Flexible AC Transmission System Market

The flexible AC transmission system market has seen significant advancements as it adapts to the changing dynamics of the global energy landscape. With the increasing integration of renewable energy sources, the demand for reliable and efficient transmission solutions has surged. Recent developments focus on enhancing grid stability, improving power quality, and optimizing energy distribution. The following are five key developments that highlight the evolution of the flexible AC transmission system market and its role in modernizing power infrastructure.

• Enhanced Power Electronics Technology: Recent innovations in power electronics have significantly improved the efficiency and responsiveness of flexible AC transmission system devices. The introduction of wide-bandgap semiconductors like silicon carbide and gallium nitride has led to more compact, lightweight systems capable of handling higher power levels. These advancements enable faster switching times and better thermal management, enhancing overall system performance and reliability. As power electronics technology continues to evolve, flexible AC transmission system solutions will become more versatile, supporting a wider range of applications.
• Increased Integration of Renewable Energy: The push for renewable energy integration has led to a surge in flexible AC transmission system deployment to manage the intermittency of sources like solar and wind. Technologies such as Static Synchronous Compensators and Unified Power Flow Controllers are increasingly utilized to maintain voltage stability and optimize reactive power flow. This development not only facilitates the connection of renewable energy plants to the grid but also helps utilities meet energy demands efficiently.
• Development of Smart Grid Solutions: The advent of smart grid technologies is reshaping the flexible AC transmission system market by enabling real-time monitoring and control of electrical grids. By integrating flexible AC transmission system devices with advanced communication systems, utilities can achieve dynamic management of power flows, enhancing grid resilience and efficiency. This development allows for improved coordination between generation and consumption, reducing the risk of outages and facilitating better demand response strategies. Smart grids with flexible AC transmission system capabilities will be crucial for future energy systems as they adapt to fluctuating energy demands.
• Government and Regulatory Support: Growing awareness of the need for reliable and efficient energy systems has led to increased regulatory support for flexible AC transmission system technologies. Governments are implementing policies and incentives aimed at promoting the adoption of advanced transmission solutions. These regulations encourage investments in flexible AC transmission system infrastructure, helping to enhance grid reliability and support the integration of renewable energy. As regulatory frameworks evolve, they will play a pivotal role in driving the widespread implementation of flexible AC transmission system technologies across various regions.
• Focus on Grid Resilience and Reliability: In response to the increasing frequency of extreme weather events and other disruptions, there is a heightened focus on grid resilience. Flexible AC transmission system technologies contribute to this goal by improving voltage stability, enhancing power quality, and allowing for better management of electrical flows. Utilities are investing in flexible AC transmission system solutions to ensure continuity of service during adverse conditions, thereby protecting infrastructure and maintaining consumer trust. This emphasis on resilience underscores the critical role of flexible AC transmission systems in modernizing energy systems for enhanced operational reliability.

More resilient energy infrastructures. Innovations in power electronics, increased renewable integration, the rise of smart grid solutions, regulatory support, and a focus on resilience are all driving the evolution of flexible AC transmission system technologies. These advancements are essential for achieving a sustainable energy future while addressing the challenges posed by changing energy demands and environmental conditions.

Strategic Growth Opportunities for Flexible AC Transmission System Market

The flexible AC transmission system market is poised for significant growth as the demand for efficient and reliable power transmission escalates globally. Key applications such as renewable energy integration, smart grid development, industrial automation, voltage regulation, and power quality improvement present numerous opportunities. These growth areas align with global energy trends, including the shift toward sustainability, increasing urbanization, and the need for grid resilience. As utilities and industries seek advanced solutions to manage power flow and enhance grid stability, the flexible AC transmission system market is set to play a crucial role in transforming the energy landscape.

• Renewable Energy Integration: The increasing adoption of renewable energy sources necessitates effective grid management to handle variability and intermittency. Flexible AC transmission system technologies, such as Static Synchronous Compensators and Unified Power Flow Controllers, enhance the stability and reliability of power systems. By facilitating the seamless integration of wind and solar energy into existing grids, flexible AC transmission system solutions help utilities optimize resource utilization and meet regulatory mandates for cleaner energy. This application is expected to see substantial investment as countries aim to achieve renewable energy targets and reduce carbon emissions.
• Smart Grid Development: The evolution of smart grids is driving demand for flexible AC transmission system technologies, which enable real-time monitoring and control of electrical systems. By incorporating flexible AC transmission system devices into smart grid infrastructure, utilities can enhance their operational efficiency and improve responsiveness to fluctuating energy demands. This growth opportunity focuses on developing systems that allow for better load management, improved outage response, and enhanced consumer engagement. As governments invest in smart grid initiatives, the integration of flexible AC transmission system solutions will be critical to achieving reliable, efficient, and sustainable power systems.
• Industrial Automation: Industries are increasingly adopting automated systems to enhance productivity and operational efficiency. Flexible AC transmission system technologies can support industrial automation by ensuring stable power supply and optimal voltage levels for sensitive equipment. Applications in manufacturing, mining, and data centers are particularly promising, as these sectors require robust power solutions to maintain uninterrupted operations. By investing in flexible AC transmission system solutions, industries can minimize downtime and enhance the performance of their automation systems, leading to significant cost savings and improved competitiveness.
• Voltage Regulation: Voltage regulation is crucial for maintaining power quality and reliability in electrical systems. Flexible AC transmission system devices play a vital role in voltage stabilization by dynamically managing reactive power and reducing voltage fluctuations. This application is particularly important in regions with fluctuating loads or high penetration of renewable energy. As utilities face increasing pressure to deliver high-quality power, the demand for flexible AC transmission system solutions that enhance voltage regulation will grow, driving investments in advanced transmission technologies.
• Power Quality Improvement: The need for improved power quality is becoming increasingly vital as industries and consumers rely more on sensitive electronic devices. Flexible AC transmission system technologies can mitigate issues such as harmonics, flicker, and voltage sags, ensuring a stable and clean power supply. This growth opportunity is especially relevant in urban areas with high concentrations of electronic equipment and renewable energy sources. By focusing on power quality improvements, utilities can enhance customer satisfaction, reduce equipment damage, and comply with regulatory standards, thereby creating a compelling case for flexible AC transmission system investment.

The flexible AC transmission system market offers numerous strategic growth opportunities across various applications, driven by the increasing need for efficient and reliable power transmission. By focusing on renewable energy integration, smart grid development, industrial automation, voltage regulation, and power quality improvement, stakeholders can capitalize on the evolving energy landscape. These growth areas not only align with global sustainability goals but also address the pressing challenges faced by modern power systems.

Flexible AC Transmission System Market Driver and Challenges

The flexible AC transmission system market is influenced by a myriad of drivers and challenges, encompassing technological advancements, economic trends, and regulatory frameworks. As the demand for efficient power transmission grows alongside the increasing integration of renewable energy sources, the adoption of flexible AC transmission system technologies becomes crucial. However, the market also faces challenges such as high initial costs, the need for a skilled workforce, and evolving regulatory standards. Understanding these dynamics is essential for stakeholders to navigate the complexities of the market and harness its full potential.

The factors responsible for driving the flexible AC transmission system market include:

• Integration of Renewable Energy Sources: The transition toward renewable energy is a key driver for the flexible AC transmission system market. With countries setting ambitious targets for reducing carbon emissions, integrating wind, solar, and other renewable sources into the grid has become imperative. Flexible AC transmission system technologies, such as Static Synchronous Compensators and Unified Power Flow Controllers, facilitate this integration by managing power flow and enhancing grid stability. As utilities and governments prioritize clean energy solutions, the demand for flexible AC transmission system solutions is expected to grow significantly.
• Growing Demand for Grid Reliability and Stability: The increasing frequency of power outages and grid instability issues has heightened the need for reliable power transmission systems. Flexible AC transmission system technologies help utilities enhance grid reliability by dynamically controlling voltage levels and managing reactive power. This capability is crucial for maintaining service continuity in the face of fluctuating demand and renewable energy variability. As electricity consumption continues to rise, utilities will increasingly invest in flexible AC transmission system solutions to ensure stable and reliable power delivery.
• Technological Advancements: Rapid advancements in power electronics and control technologies are propelling the flexible AC transmission system market forward. Innovations such as digital controls, real-time monitoring, and predictive analytics enhance the performance and efficiency of flexible AC transmission system devices. These technological improvements not only optimize power flow but also enable operators to respond swiftly to system disturbances. As new solutions emerge, the adoption of flexible AC transmission system technologies is becoming more attractive to utilities and industrial operators seeking to modernize their infrastructure.
• Regulatory Support for Smart Grid Initiatives: Governments worldwide are implementing policies and regulations that promote the development of smart grids and advanced power transmission technologies. These regulatory frameworks often include incentives for investing in flexible AC transmission system solutions aimed at improving energy efficiency and reducing greenhouse gas emissions. With increasing regulatory support, utilities are more inclined to adopt flexible AC transmission system technologies, fostering market growth and innovation.
• Rising Energy Demand and Urbanization: Global energy demand continues to rise due to urbanization and industrialization, necessitating enhanced power transmission capabilities. Flexible AC transmission system technologies enable utilities to manage increasing loads effectively, facilitating the expansion of electrical infrastructure in growing urban areas. This demand for enhanced transmission capabilities drives investment in flexible AC transmission system solutions, as utilities seek to accommodate future energy needs while ensuring operational efficiency.

Challenges in the flexible AC transmission system market are:

• High Initial Investment Costs: One of the primary challenges facing the flexible AC transmission system market is the high upfront costs associated with implementing these advanced technologies. The capital required for deploying flexible AC transmission system devices can deter utilities and companies from making investments, particularly in regions with budget constraints. This financial barrier may slow the adoption of flexible AC transmission system solutions despite their long-term operational benefits. Addressing financing options and providing incentives could help mitigate this challenge.
• Skilled Workforce Shortage: The implementation and maintenance of flexible AC transmission system technologies require specialized skills and knowledge. However, there is a notable shortage of professionals with expertise in power electronics and advanced control systems. This skills gap can hinder the effective deployment and operation of flexible AC transmission system solutions, creating delays and inefficiencies. Investing in workforce training and education programs is essential to address this challenge and ensure the successful implementation of flexible AC transmission system technologies.
• Evolving Regulatory Standards: The regulatory landscape surrounding energy transmission and renewable integration is continuously evolving. These changes can create uncertainty for utilities and companies considering investments in flexible AC transmission system technologies. Adapting to new regulations and compliance requirements may require additional resources and time, potentially delaying project timelines. Staying informed about regulatory changes and fostering collaboration with policymakers can help stakeholders navigate this challenge effectively.

The flexible AC transmission system market presents significant growth opportunities driven by renewable energy integration, technological advancements, and regulatory support. However, challenges such as high costs, workforce shortages, and evolving regulations must be addressed for sustained market development. By understanding these drivers and challenges, stakeholders can develop strategies to capitalize on the growing demand for efficient and reliable power transmission solutions.

List of Flexible AC Transmission System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies flexible AC transmission system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the flexible AC transmission system companies profiled in this report include-

• ABB
• Siemens
• Mitsubishi Electric
• Infineon Technologies
• NR Electric
• Hyosung Heavy Industries
• Rongxin Power

Flexible AC Transmission System by Segment

The study includes a forecast for the global flexible AC transmission system market by generation, function, application, end use, and region.

Flexible AC Transmission System Market by Generation [Analysis by Value from 2019 to 2031]:

• First Generation
• Second Generation

Flexible AC Transmission System Market by Function [Analysis by Value from 2019 to 2031]:

• Voltage Control
• Network Stabilization
• Transmission Capacity
• Harmonic Suppression

Flexible AC Transmission System Market by Application [Analysis by Value from 2019 to 2031]:

• Voltage Control
• Power Control

Flexible AC Transmission System Market by End Use [Analysis by Value from 2019 to 2031]:

• Utilities
• Renewables
• Industrial
• Railways
• Others

Flexible AC Transmission System Market by Region [Analysis by Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Flexible AC Transmission System Market

The flexible AC transmission system market is undergoing significant evolution, driven by the increasing demand for reliable, efficient, and sustainable power transmission solutions. With the integration of renewable energy sources and the need for grid stability, countries like the United States, Chinese, German, India, and Japan are making substantial investments in flexible AC transmission system technologies. These developments focus on improving grid flexibility, enhancing power quality, and managing electricity flows more effectively. Below are recent advancements in each of these key markets.

• United States: In the U.S., the flexible AC transmission system market is experiencing growth due to aging infrastructure and the need for modernization. Recent projects include the installation of Static Synchronous Compensators and Dynamic Voltage Restorers aimed at enhancing voltage stability in congested areas. Additionally, utilities are increasingly focusing on integrating renewable energy sources, prompting investments in flexible AC transmission system solutions to manage grid fluctuations. The Federal Energy Regulatory Commission is promoting initiatives that encourage the adoption of advanced technologies, further driving innovation and investment in the sector.
• China: China continues to lead in flexible AC transmission system technology development, primarily driven by its ambitious renewable energy targets. The country has been integrating high-voltage direct current systems with flexible AC transmission system devices to enhance transmission capabilities from remote renewable sources. Recent advancements include the deployment of advanced Static Synchronous Compensator systems in provinces heavily reliant on wind and solar energy. These innovations aim to address challenges related to grid stability and facilitate the efficient flow of electricity across vast distances, thereby supporting China's energy transition goals.
• Germany: Germany's focus on energy transition, known as the Energiewende, has accelerated the adoption of flexible AC transmission system technologies. The country is implementing advanced flexible AC transmission system solutions to manage the increasing influx of decentralized energy sources. Recent developments include the installation of flexible AC transmission system devices like Unified Power Flow Controllers to improve grid flexibility and support the integration of renewables. Additionally, Germany is investing in smart grid technologies that utilize flexible AC transmission system devices for enhanced monitoring and control, ensuring a reliable and efficient energy supply while reducing carbon emissions.
• India: India is making strides in the flexible AC transmission system market, driven by the urgent need for grid stabilization amidst rapid urbanization and renewable energy integration. Recent initiatives include deploying Static Synchronous Compensators and Unified Power Flow Controllers in critical regions to address voltage fluctuations and enhance transmission capacity. The government's emphasis on increasing renewable energy generation is further motivating investments in flexible AC transmission system technologies, which are essential for maintaining grid reliability. These advancements aim to support India's ambitious renewable energy targets and improve overall power system performance.
• Japan: In Japan, the adoption of flexible AC transmission system technologies is crucial for enhancing grid resilience following the Fukushima disaster. The country is investing in advanced flexible AC transmission system solutions to improve power quality and stability. Recent developments include the implementation of new flexible AC transmission system devices that enhance voltage regulation and facilitate the integration of renewable energy sources. Japan's focus on modernization and disaster recovery is driving innovations in flexible AC transmission system technologies, contributing to a more robust and flexible power system capable of withstanding natural disruptions.

Features of the Global Flexible AC Transmission System Market

Market Size Estimates: Flexible AC transmission system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Flexible AC transmission system market size by various segments, such as by generation, function, application, end use, and region in terms of value ($B).

Regional Analysis: Flexible AC transmission system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different generations, functions, applications, end uses, and regions for the flexible AC transmission system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the flexible AC transmission system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the flexible AC transmission system market by generation (first generation and second generation), function (voltage control, network stabilization, transmission capacity, and harmonic suppression), application (voltage control and power control), end use (utilities, renewables, industrial, railways, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Flexible Ac Transmission System Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Flexible Ac Transmission System Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Flexible Ac Transmission System Market by Generation
  • 3.3.1: First Generation
  • 3.3.2: Second Generation
• 3.4: Global Flexible Ac Transmission System Market by Function
  • 3.4.1: Voltage Control
  • 3.4.2: Network Stabilization
  • 3.4.3: Transmission Capacity
  • 3.4.4: Harmonic Suppression
• 3.5: Global Flexible Ac Transmission System Market by End Use
  • 3.5.1: Utilities
  • 3.5.2: Renewables
  • 3.5.3: Industrial
  • 3.5.4: Railways
  • 3.5.5: Others
• 3.6: Global Flexible Ac Transmission System Market by Application
  • 3.6.1: Voltage Control
  • 3.6.2: Power Control

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Flexible Ac Transmission System Market by Region
• 4.2: North American Flexible Ac Transmission System Market
  • 4.2.1: North American Flexible Ac Transmission System Market by Generation: First Generation and Second Generation
  • 4.2.2: North American Flexible Ac Transmission System Market by End Use: Utilities, Renewables, Industrial, Railways, and Others
• 4.3: European Flexible Ac Transmission System Market
  • 4.3.1: European Flexible Ac Transmission System Market by Generation: First Generation and Second Generation
  • 4.3.2: European Flexible Ac Transmission System Market by End Use: Utilities, Renewables, Industrial, Railways, and Others
• 4.4: APAC Flexible Ac Transmission System Market
  • 4.4.1: APAC Flexible Ac Transmission System Market by Generation: First Generation and Second Generation
  • 4.4.2: APAC Flexible Ac Transmission System Market by End Use: Utilities, Renewables, Industrial, Railways, and Others
• 4.5: ROW Flexible Ac Transmission System Market
  • 4.5.1: ROW Flexible Ac Transmission System Market by Generation: First Generation and Second Generation
  • 4.5.2: ROW Flexible Ac Transmission System Market by End Use: Utilities, Renewables, Industrial, Railways, and Others

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Flexible Ac Transmission System Market by Generation
  • 6.1.2: Growth Opportunities for the Global Flexible Ac Transmission System Market by Function
  • 6.1.3: Growth Opportunities for the Global Flexible Ac Transmission System Market by End Use
  • 6.1.4: Growth Opportunities for the Global Flexible Ac Transmission System Market by Application
  • 6.1.5: Growth Opportunities for the Global Flexible Ac Transmission System Market by Region
• 6.2: Emerging Trends in the Global Flexible Ac Transmission System Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Flexible Ac Transmission System Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Flexible Ac Transmission System Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: ABB
• 7.2: Siemens
• 7.3: Mitsubishi Electric
• 7.4: Infineon Technologies
• 7.5: NR Electric
• 7.6: Hyosung Heavy Industries
• 7.7: Rongxin Power