U.S. Flexible AC Transmission Systems Market Size & Share Analysis - Emerging Trends, Growth Opportunities, Competitive Landscape, and Forecasts (2025

Description

The U.S. flexible AC transmission systems (FACTS) market is expected to grow from USD 510.5 million in 2024 to USD 757 million by 2032, reflecting a compound annual growth rate (CAGR) of 5.2%. This steady expansion is fueled by increasing demand for grid stability, the integration of renewable energy sources, and the urgent need to enhance the efficiency of aging power transmission infrastructure.

FACTS technologies including Static VAR Compensators (SVCs) and Static Synchronous Compensators (STATCOMs), are becoming essential tools for improving voltage control, regulating power flow, and strengthening system reliability. As the U.S. pushes forward with smart grid initiatives and energy infrastructure upgrades, the role of FACTS in ensuring efficient, stable power delivery continues to grow.

Key Insights

The market is divided into compensation types-shunt, series, and combined series-shunt-each used to improve specific aspects of power system performance.

Key components include power electronics, control systems, and auxiliary equipment that work together to support the effective operation of FACTS devices.

FACTS technologies are being adopted across utilities, renewable energy projects, industrial facilities, and railway systems, reflecting their broad applicability.

Voltage Source Converter (VSC) technology is gaining momentum for its enhanced ability to provide dynamic voltage support and reactive power compensation.

Growing integration of renewable energy sources, such as solar and wind, is creating a critical need for FACTS devices to manage power variability and maintain grid balance.

Federal and state-level energy modernization programs are creating favorable conditions for wider adoption of advanced transmission solutions like FACTS.

The rising complexity of power systems and the requirement for real-time control are pushing demand for FACTS technologies with advanced control and automation capabilities.

Modular and scalable FACTS systems are increasingly in demand, allowing utilities to customize installations based on specific operational requirements.

Strategic collaborations between utilities and tech companies are driving innovation and speeding up the deployment of FACTS devices nationwide.

Reducing transmission losses and improving power quality are central goals encouraging investment in FACTS technologies across diverse geographic and economic regions.

The evolution of smart grids and advanced metering infrastructure is complementing FACTS adoption by enabling more effective grid monitoring and optimization.

High initial setup costs and technical complexity remain challenges, but these are being mitigated through ongoing R&D focused on improving cost-efficiency and reliability.

Specialized training and workforce development programs are being introduced to ensure a skilled labor pool capable of managing and maintaining FACTS installations.

The competitive landscape includes major players leveraging partnerships, acquisitions, and product development to expand their presence and technological capabilities.

Continuous innovation in semiconductor and power electronics is enhancing the functionality and efficiency of FACTS devices, supporting broader deployment.

With a growing emphasis on grid modernization and sustainable energy integration, the U.S. FACTS market is well-positioned for long-term growth and technological advancement.

Product Code: 13479

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Application
- 1.4.2. Market Size Breakdown, by Compensation Type
- 1.4.3. Market Size Breakdown, by End User
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Revenue
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Industry Background
5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
5.3. Impact of COVID-19
5.4. Sociopolitical Impact
5.5. Porter's Five Forces Analysis
- 5.5.1. Bargaining Power of Buyers
- 5.5.2. Bargaining Power of Suppliers
- 5.5.3. Threat of New Entrants
- 5.5.4. Intensity of Rivalry
- 5.5.5. Threat of Substitutes
5.6. Innovation and Technology Trends
5.7. Supply Chain and Value Chain Insights
5.8. Economic and Regulatory Impact
5.9. Market Entry Strategies

Chapter 6. Competitive Landscape

6.1. List of Market Players and their Offerings
6.2. Market Share of Key Players (2024)
6.3. Competitive Benchmarking of Key Players
6.4. Product Benchmarking of Key Players
6.5. Recent Strategic Developments by Key Players
6.6. Company Leadership Matrix

Chapter 7. U.S. Market

7.1. Overview
7.2. Market Volume, by Application (2019-2032)
7.3. Market Revenue, by Application (2019-2032)
7.4. Market Volume, by Compensation Type (2019-2032)
7.5. Market Revenue, by Compensation Type (2019-2032)
7.6. Market Volume, by End User (2019-2032)
7.7. Market Revenue, by End User (2019-2032)
7.8. Market Volume, by Country (2019-2032)
7.9. Market Revenue, by Country (2019-2032)

Chapter 8. Northeast Market

8.1. Overview
8.2. Economic Indicators
8.3. Demographics and Population Insights
8.4. Regional Hotspots
8.5. Growth Drivers
8.6. Challenges and Barriers
8.7. Competitive Strategies
8.8. Emerging Players
8.9. Import/Export Policies
8.10. Compliance Requirements
8.11. Emerging Investment Areas
8.12. Major Ongoing Projects
8.13. Market Size and Forecast
- 8.13.1. Market Volume, by Application (2019-2032)
- 8.13.2. Market Revenue, by Application (2019-2032)
- 8.13.3. Market Volume, by Compensation Type (2019-2032)
- 8.13.4. Market Revenue, by Compensation Type (2019-2032)
- 8.13.5. Market Volume, by End User (2019-2032)
- 8.13.6. Market Revenue, by End User (2019-2032)

Chapter 9. Midwest Market

9.1. Overview
9.2. Economic Indicators
9.3. Demographics and Population Insights
9.4. Regional Hotspots
9.5. Growth Drivers
9.6. Challenges and Barriers
9.7. Competitive Strategies
9.8. Emerging Players
9.9. Import/Export Policies
9.10. Compliance Requirements
9.11. Emerging Investment Areas
9.12. Major Ongoing Projects
9.13. Market Size and Forecast
- 9.13.1. Market Volume, by Application (2019-2032)
- 9.13.2. Market Revenue, by Application (2019-2032)
- 9.13.3. Market Volume, by Compensation Type (2019-2032)
- 9.13.4. Market Revenue, by Compensation Type (2019-2032)
- 9.13.5. Market Volume, by End User (2019-2032)
- 9.13.6. Market Revenue, by End User (2019-2032)

Chapter 10. West Market

10.1. Overview
10.2. Economic Indicators
10.3. Demographics and Population Insights
10.4. Regional Hotspots
10.5. Growth Drivers
10.6. Challenges and Barriers
10.7. Competitive Strategies
10.8. Emerging Players
10.9. Import/Export Policies
10.10. Compliance Requirements
10.11. Emerging Investment Areas
10.12. Major Ongoing Projects
10.13. Market Size and Forecast
- 10.13.1. Market Volume, by Application (2019-2032)
- 10.13.2. Market Revenue, by Application (2019-2032)
- 10.13.3. Market Volume, by Compensation Type (2019-2032)
- 10.13.4. Market Revenue, by Compensation Type (2019-2032)
- 10.13.5. Market Volume, by End User (2019-2032)
- 10.13.6. Market Revenue, by End User (2019-2032)

Chapter 11. South Market

11.1. Overview
11.2. Economic Indicators
11.3. Demographics and Population Insights
11.4. Regional Hotspots
11.5. Growth Drivers
11.6. Challenges and Barriers
11.7. Competitive Strategies
11.8. Emerging Players
11.9. Import/Export Policies
11.10. Compliance Requirements
11.11. Emerging Investment Areas
11.12. Major Ongoing Projects
11.13. Market Size and Forecast
- 11.13.1. Market Volume, by Application (2019-2032)
- 11.13.2. Market Revenue, by Application (2019-2032)
- 11.13.3. Market Volume, by Compensation Type (2019-2032)
- 11.13.4. Market Revenue, by Compensation Type (2019-2032)
- 11.13.5. Market Volume, by End User (2019-2032)
- 11.13.6. Market Revenue, by End User (2019-2032)

Chapter 12. Company Profiles

Chapter 13. Appendix

13.1. Sources and References
13.2. Related Reports

U.S. Flexible AC Transmission Systems Market Size & Share Analysis - Emerging Trends, Growth Opportunities, Competitive Landscape, and Forecasts (2025 - 2032)