Flexible AC Transmission System Market was valued US$ 1.45 Bn in 2023 and is expected to reach US$ 2.30 Bn by 2030 at a CAGR of 6.83 % during the forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology:-Request Free Sample ReportFlexible AC Transmission System Market Dynamics:
Advancement of electric power transmission system and increases in demand for controllability drives the global market. Also need of high reliability under emergencies of power supply boost the market. However, high initial cost of installation of flexible AC transmission system is limiting the market growth. Emergence of smart grids & increase in dependency on renewable energy resources offer beneficial opportunities for market expansion. In controller, (Static Var Compensator) SVC accounts for largest share in global flexible AC current transmission systems market. Voltage stabilization and lagging power factor of SVC controller is better than the other controllers. This leads the controller segment from global flexible AC transmission. Among the industry verticals, electric utilities expected for the largest share of market during forecast period. In power transmission or distribution plant rising demand of Flexible AC Transmission System, owing these electric utilities helps to boost the global market of market.Regional Analysis:
The Asia Pacific regional market is expected to lead the Flexible transmission system market on account of increased demand for power transmission solution, voltage and power infrastructure in countries such as India and China. North America regional market led the global industry in the past acquiring a significant share of the market. Expanding replacement and developments of the existing power infrastructures, along with integrating renewable sources in the power grids, in developed economies such as North America and Europe is expected to drive the regional flexible AC transmission market over the next few years. Middle East and Africa are expected to gain traction owing to slow adoption of flexible AC transmission system across industry verticals like manufacturing, railways, and renewable energy industries. Eaton Corporation recently acquired electrical equipment supplier Cooper Industries to form a new premier global power Management Company aimed at easier entry into the power infrastructure sector. The industry has been witnessing wide-ranging mergers and acquisitions to make their mark in the market. The report features a competitive scenario of the market and provides a comprehensive analysis of key growth strategies adopted by major players. The key players profiled in the study are ABB Ltd, Adani power, Alstom, Crompton & Greaves, Eaton PLC, General Electric, Hyosung, Mitsubishi Electric Corporation, NR Electric Co. Ltd, and Siemens AG. These players have adopted competitive strategies like innovation, new product development, and market expansion to boost the growth of the global market. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.Flexible AC Transmission System Market, Key Highlights:
Global Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Market Global Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Market are also profiled.Flexible AC Transmission System Market Scope : Inquire before buying
Flexible AC Transmission System Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 1.45 Bn. Forecast Period 2024 to 2030 CAGR: 6.83% Market Size in 2030: US $ 2.30 Bn. Segments Covered: by Compensation Type Series Compensation, Shunt Compensation Combined Series-Shunt Compensation by Controller Static Synchronous Compensator (STATCOM) Static Var Compensator (SVC) Unified Power Flow Controllers (UPFC) Thyristor Controlled Series Compensator (TCSC) Others by Industry Vertical Oil & Gas Electric Utility Railways Others Flexible AC Transmission System Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)Flexible AC Transmission System Market, Key Players:
1. ABB Ltd 2. Mitsubishi Electric Corporation 3. Eaton Corporation PLC 4. American Electric Power 5. Adani Power 6. Siemens AG 7. Eaton Corporation PLC 8. American Electric Power 9. NR Electric Co. Ltd. 10. Alstom 11. Xian Electric Engineering Co. Ltd. 12. Toshiba Corp. 13. HP Development Company 14. Amazon Web Services, Inc. 15. CISCO 16. Dell, Inc. Frequently Asked questions 1. What is the market size of the Global Flexible AC Transmission System Market in 2023? Ans. The market size Global Flexible AC Transmission System Market in 2023 was US$ 1.45 Billion. 2. What are the different segments of the Global Flexible AC Transmission System Market? Ans. The Global Market is divided into Compensation Type, Controller and Industry Vertical. 3. Which region is expected to hold the highest Global Flexible AC Transmission System Market share? Ans. The Asia Pacific dominates the market share in the market. 4. What is the Forecast Period of Global Flexible AC Transmission System Market? Ans. The Forecast Period of the market is 2024-2030 in the market.
Global Flexible AC Transmission System Market
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Flexible AC Transmission System Market Size, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7Global Flexible AC Transmission System Market Industry Trends 4.8. Global Flexible AC Transmission System Market Competitive Landscape 5. Supply Side and Demand Side Indicators 6. Global Flexible AC Transmission System Market Analysis and Forecast 6.1. Global Flexible AC Transmission System Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Flexible AC Transmission System Market Analysis and Forecast, by Compensation Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Flexible AC Transmission System Market Value Share Analysis, by Compensation Type 7.4. Global Flexible AC Transmission System Market Size (US$ Mn) Forecast, by Compensation Type 7.5. Global Flexible AC Transmission System Market Analysis, by Compensation Type 7.6. Global Flexible AC Transmission System Market Attractiveness Analysis, by Compensation Type 8. Global Flexible AC Transmission System Market Analysis and Forecast, By Controller 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Flexible AC Transmission System Market Value Share Analysis, By Controller 8.4. Global Flexible AC Transmission System Market Size (US$ Mn) Forecast, By Controller 8.5. Global Flexible AC Transmission System Market Analysis, By Controller 8.6. Global Flexible AC Transmission System Market Attractiveness Analysis, By Controller 9. Global Flexible AC Transmission System Market Analysis and Forecast, by Industry Vertical 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global Flexible AC Transmission System Market Value Share Analysis, by Industry Vertical 9.4. Global Flexible AC Transmission System Market Size (US$ Mn) Forecast, by Industry Vertical 9.5. Global Flexible AC Transmission System Market Analysis, by Industry Vertical 9.6. Global Flexible AC Transmission System Market Attractiveness Analysis, by Industry Vertical 10. Global Flexible AC Transmission System Market Analysis, by Region 10.1. Global Flexible AC Transmission System Market Value Share Analysis, by Region 10.2. Global Flexible AC Transmission System Market Size (US$ Mn) Forecast, by Region 10.3. Global Flexible AC Transmission System Market Attractiveness Analysis, by Region 11. North America Flexible AC Transmission System Market Analysis 11.1. Key Findings 11.2. North America Flexible AC Transmission System Market Overview 11.3. North America Flexible AC Transmission System Market Value Share Analysis, by Compensation Type 11.4. North America Flexible AC Transmission System Market Forecast, by Compensation Type 11.4.1. Series Compensation, 11.4.2. Shunt Compensation 11.4.3. Combined Series-Shunt Compensation 11.5. North America Flexible AC Transmission System Market Value Share Analysis, By Controller 11.6. North America Flexible AC Transmission System Market Forecast, by Controller 11.6.1. Static Synchronous Compensator (STATCOM) 11.6.2. Static Var Compensator (SVC) 11.6.3. Unified Power Flow Controllers (UPFC) 11.6.4. Thyristor Controlled Series Compensator (TCSC) 11.6.5. Others 11.7. North America Flexible AC Transmission System Market Value Share Analysis, by Industry Vertical 11.8. North America Flexible AC Transmission System Market Forecast, by Industry Vertical 11.8.1. Oil & Gas 11.8.2. Electric Utility 11.8.3. Railways 11.8.4. Others 11.9. North America Flexible AC Transmission System Market Value Share Analysis, by Country 11.10. North America Flexible AC Transmission System Market Forecast, by Country 11.10.1. U.S. 11.10.2. Canada 11.11. North America Flexible AC Transmission System Market Analysis, by Country 11.12. U.S. Flexible AC Transmission System Market Forecast, by Compensation Type 11.12.1. Series Compensation, 11.12.2. Shunt Compensation 11.12.3. Combined Series-Shunt Compensation 11.13. U.S. Flexible AC Transmission System Market Forecast, By Controller 11.13.1. Static Synchronous Compensator (STATCOM) 11.13.2. Static Var Compensator (SVC) 11.13.3. Unified Power Flow Controllers (UPFC) 11.13.4. Thyristor Controlled Series Compensator (TCSC) 11.13.5. Others 11.14. U.S. Flexible AC Transmission System Market Forecast, by Industry Vertical 11.14.1. Oil & Gas 11.14.2. Electric Utility 11.14.3. Railways 11.14.4. Others 11.15. Canada Flexible AC Transmission System Market Forecast, by Compensation Type 11.15.1. Series Compensation, 11.15.2. Shunt Compensation 11.15.3. Combined Series-Shunt Compensation 11.16. Canada Flexible AC Transmission System Market Forecast, By Controller 11.16.1. Static Synchronous Compensator (STATCOM) 11.16.2. Static Var Compensator (SVC) 11.16.3. Unified Power Flow Controllers (UPFC) 11.16.4. Thyristor Controlled Series Compensator (TCSC) 11.16.5. Others 11.17. Canada Flexible AC Transmission System Market Forecast, by Industry Vertical 11.17.1. Oil & Gas 11.17.2. Electric Utility 11.17.3. Railways 11.17.4. Others 11.18. North America Flexible AC Transmission System Market Attractiveness Analysis 11.18.1. By Compensation Type 11.18.2. By Controller 11.18.3. By Industry Vertical 11.19. PEST Analysis 11.20. Key Trends 11.21. Key Developments 12. Europe Flexible AC Transmission System Market Analysis 12.1. Key Findings 12.2. Europe Flexible AC Transmission System Market Overview 12.3. Europe Flexible AC Transmission System Market Value Share Analysis, by Compensation Type 12.4. Europe Flexible AC Transmission System Market Forecast, by Compensation Type 12.4.1. Series Compensation, 12.4.2. Shunt Compensation 12.4.3. Combined Series-Shunt Compensation 12.5. Europe Flexible AC Transmission System Market Value Share Analysis, By Controller 12.6. Europe Flexible AC Transmission System Market Forecast, By Controller 12.6.1. Static Synchronous Compensator (STATCOM) 12.6.2. Static Var Compensator (SVC) 12.6.3. Unified Power Flow Controllers (UPFC) 12.6.4. Thyristor Controlled Series Compensator (TCSC) 12.6.5. Others 12.7. Europe Flexible AC Transmission System Market Value Share Analysis, by Industry Vertical 12.8. Europe Flexible AC Transmission System Market Forecast, by Industry Vertical 12.8.1. Oil & Gas 12.8.2. Electric Utility 12.8.3. Railways 12.8.4. Others 12.9. Europe Flexible AC Transmission System Market Value Share Analysis, by Country 12.10. Europe Flexible AC Transmission System Market Forecast, by Country 12.10.1. Germany 12.10.2. U.K. 12.10.3. France 12.10.4. Italy 12.10.5. Spain 12.10.6. Rest of Europe 12.11. Europe Flexible AC Transmission System Market Analysis, by Country 12.12. Germany Flexible AC Transmission System Market Forecast, by Compensation Type 12.12.1. Series Compensation, 12.12.2. Shunt Compensation 12.12.3. Combined Series-Shunt Compensation 12.13. Germany Flexible AC Transmission System Market Forecast, By Controller 12.13.1. Static Synchronous Compensator (STATCOM) 12.13.2. Static Var Compensator (SVC) 12.13.3. Unified Power Flow Controllers (UPFC) 12.13.4. Thyristor Controlled Series Compensator (TCSC) 12.13.5. Others 12.14. Germany Flexible AC Transmission System Market Forecast, by Industry Vertical 12.14.1. Oil & Gas 12.14.2. Electric Utility 12.14.3. Railways 12.14.4. Others 12.15. U.K. Flexible AC Transmission System Market Forecast, by Compensation Type 12.15.1. Series Compensation, 12.15.2. Shunt Compensation 12.15.3. Combined Series-Shunt Compensation 12.16. U.K. Flexible AC Transmission System Market Forecast, By Controller 12.16.1. Static Synchronous Compensator (STATCOM) 12.16.2. Static Var Compensator (SVC) 12.16.3. Unified Power Flow Controllers (UPFC) 12.16.4. Thyristor Controlled Series Compensator (TCSC) 12.16.5. Others 12.17. U.K. Flexible AC Transmission System Market Forecast, by Industry Vertical 12.17.1. Oil & Gas 12.17.2. Electric Utility 12.17.3. Railways 12.17.4. Others 12.18. France Flexible AC Transmission System Market Forecast, by Compensation Type 12.18.1. Series Compensation, 12.18.2. Shunt Compensation 12.18.3. Combined Series-Shunt Compensation 12.19. France Flexible AC Transmission System Market Forecast, By Controller 12.19.1. Static Synchronous Compensator (STATCOM) 12.19.2. Static Var Compensator (SVC) 12.19.3. Unified Power Flow Controllers (UPFC) 12.19.4. Thyristor Controlled Series Compensator (TCSC) 12.19.5. Others 12.20. France Flexible AC Transmission System Market Forecast, by Industry Vertical 12.20.1. Oil & Gas 12.20.2. Electric Utility 12.20.3. Railways 12.20.4. Others 12.21. Italy Flexible AC Transmission System Market Forecast, by Compensation Type 12.21.1. Series Compensation, 12.21.2. Shunt Compensation 12.21.3. Combined Series-Shunt Compensation 12.22. Italy Flexible AC Transmission System Market Forecast, By Controller 12.22.1. Static Synchronous Compensator (STATCOM) 12.22.2. Static Var Compensator (SVC) 12.22.3. Unified Power Flow Controllers (UPFC) 12.22.4. Thyristor Controlled Series Compensator (TCSC) 12.22.5. Others 12.23. Italy Flexible AC Transmission System Market Forecast, by Industry Vertical 12.23.1. Oil & Gas 12.23.2. Electric Utility 12.23.3. Railways 12.23.4. Others 12.24. Spain Flexible AC Transmission System Market Forecast, by Compensation Type 12.24.1. Series Compensation, 12.24.2. Shunt Compensation 12.24.3. Combined Series-Shunt Compensation 12.25. Spain Flexible AC Transmission System Market Forecast, By Controller 12.25.1. Static Synchronous Compensator (STATCOM) 12.25.2. Static Var Compensator (SVC) 12.25.3. Unified Power Flow Controllers (UPFC) 12.25.4. Thyristor Controlled Series Compensator (TCSC) 12.25.5. Others 12.26. Spain Flexible AC Transmission System Market Forecast, by Industry Vertical 12.26.1. Oil & Gas 12.26.2. Electric Utility 12.26.3. Railways 12.26.4. Others 12.27. Rest of Europe Flexible AC Transmission System Market Forecast, by Compensation Type 12.27.1. Series Compensation, 12.27.2. Shunt Compensation 12.27.3. Combined Series-Shunt Compensation 12.28. Rest of Europe Flexible AC Transmission System Market Forecast, By Controller 12.28.1. Static Synchronous Compensator (STATCOM) 12.28.2. Static Var Compensator (SVC) 12.28.3. Unified Power Flow Controllers (UPFC) 12.28.4. Thyristor Controlled Series Compensator (TCSC) 12.28.5. Others 12.29. Rest Of Europe Flexible AC Transmission System Market Forecast, by Industry Vertical 12.29.1. Oil & Gas 12.29.2. Electric Utility 12.29.3. Railways 12.29.4. Others 12.30. Europe Flexible AC Transmission System Market Attractiveness Analysis 12.30.1. By Compensation Type 12.30.2. By Controller 12.30.3. By Industry Vertical 12.31. PEST Analysis 12.32. Key Trends 12.33. Key Developments 13. Asia Pacific Flexible AC Transmission System Market Analysis 13.1. Key Findings 13.2. Asia Pacific Flexible AC Transmission System Market Overview 13.3. Asia Pacific Flexible AC Transmission System Market Value Share Analysis, by Compensation Type 13.4. Asia Pacific Flexible AC Transmission System Market Forecast, by Compensation Type 13.4.1. Series Compensation, 13.4.2. Shunt Compensation 13.4.3. Combined Series-Shunt Compensation 13.5. Asia Pacific Flexible AC Transmission System Market Value Share Analysis, By Controller 13.6. Asia Pacific Flexible AC Transmission System Market Forecast, By Controller 13.6.1. Static Synchronous Compensator (STATCOM) 13.6.2. Static Var Compensator (SVC) 13.6.3. Unified Power Flow Controllers (UPFC) 13.6.4. Thyristor Controlled Series Compensator (TCSC) 13.6.5. Others 13.7. Asia Pacific Flexible AC Transmission System Market Value Share Analysis, by Industry Vertical 13.8. Asia Pacific Flexible AC Transmission System Market Forecast, by Industry Vertical 13.8.1. Oil & Gas 13.8.2. Electric Utility 13.8.3. Railways 13.8.4. Others 13.9. Asia Pacific Flexible AC Transmission System Market Value Share Analysis, by Country 13.10. Asia Pacific Flexible AC Transmission System Market Forecast, by Country 13.10.1. China 13.10.2. India 13.10.3. Japan 13.10.4. ASEAN 13.10.5. Rest of Asia Pacific 13.11. Asia Pacific Flexible AC Transmission System Market Analysis, by Country 13.12. China Flexible AC Transmission System Market Forecast, by Compensation Type 13.12.1. Series Compensation, 13.12.2. Shunt Compensation 13.12.3. Combined Series-Shunt Compensation 13.13. China Flexible AC Transmission System Market Forecast, By Controller 13.13.1. Static Synchronous Compensator (STATCOM) 13.13.2. Static Var Compensator (SVC) 13.13.3. Unified Power Flow Controllers (UPFC) 13.13.4. Thyristor Controlled Series Compensator (TCSC) 13.13.5. Others 13.14. China Flexible AC Transmission System Market Forecast, by Industry Vertical 13.14.1. Oil & Gas 13.14.2. Electric Utility 13.14.3. Railways 13.14.4. Others 13.15. India Flexible AC Transmission System Market Forecast, by Compensation Type 13.15.1. Series Compensation, 13.15.2. Shunt Compensation 13.15.3. Combined Series-Shunt Compensation 13.16. India Flexible AC Transmission System Market Forecast, By Controller 13.16.1. Static Synchronous Compensator (STATCOM) 13.16.2. Static Var Compensator (SVC) 13.16.3. Unified Power Flow Controllers (UPFC) 13.16.4. Thyristor Controlled Series Compensator (TCSC) 13.16.5. Others 13.17. India Flexible AC Transmission System Market Forecast, by Industry Vertical 13.17.1. Oil & Gas 13.17.2. Electric Utility 13.17.3. Railways 13.17.4. Others 13.18. Japan Flexible AC Transmission System Market Forecast, by Compensation Type 13.18.1. Series Compensation, 13.18.2. Shunt Compensation 13.18.3. Combined Series-Shunt Compensation 13.19. Japan Flexible AC Transmission System Market Forecast, By Controller 13.19.1. Static Synchronous Compensator (STATCOM) 13.19.2. Static Var Compensator (SVC) 13.19.3. Unified Power Flow Controllers (UPFC) 13.19.4. Thyristor Controlled Series Compensator (TCSC) 13.19.5. Others 13.20. Japan Flexible AC Transmission System Market Forecast, by Industry Vertical 13.20.1. Oil & Gas 13.20.2. Electric Utility 13.20.3. Railways 13.20.4. Others 13.21. ASEAN Flexible AC Transmission System Market Forecast, by Compensation Type 13.21.1. Series Compensation, 13.21.2. Shunt Compensation 13.21.3. Combined Series-Shunt Compensation 13.22. ASEAN Flexible AC Transmission System Market Forecast, By Controller 13.22.1. Static Synchronous Compensator (STATCOM) 13.22.2. Static Var Compensator (SVC) 13.22.3. Unified Power Flow Controllers (UPFC) 13.22.4. Thyristor Controlled Series Compensator (TCSC) 13.22.5. Others 13.23. ASEAN Flexible AC Transmission System Market Forecast, by Industry Vertical 13.23.1. Oil & Gas 13.23.2. Electric Utility 13.23.3. Railways 13.23.4. Others 13.24. Rest of Asia Pacific Flexible AC Transmission System Market Forecast, by Compensation Type 13.24.1. Series Compensation, 13.24.2. Shunt Compensation 13.24.3. Combined Series-Shunt Compensation 13.25. Rest of Asia Pacific Flexible AC Transmission System Market Forecast, By Controller 13.25.1. Static Synchronous Compensator (STATCOM) 13.25.2. Static Var Compensator (SVC) 13.25.3. Unified Power Flow Controllers (UPFC) 13.25.4. Thyristor Controlled Series Compensator (TCSC) 13.25.5. Others 13.26. Rest of Asia Pacific Flexible AC Transmission System Market Forecast, by Industry Vertical 13.26.1. Oil & Gas 13.26.2. Electric Utility 13.26.3. Railways 13.26.4. Others 13.27. Asia Pacific Flexible AC Transmission System Market Attractiveness Analysis 13.27.1. By Compensation Type 13.27.2. By Controller 13.27.3. By Industry Vertical 13.28. PEST Analysis 13.29. Key Trends 13.30. Key Developments 14. Middle East & Africa Flexible AC Transmission System Market Analysis 14.1. Key Findings 14.2. Middle East & Africa Flexible AC Transmission System Market Overview 14.3. Middle East & Africa Flexible AC Transmission System Market Value Share Analysis, by Compensation Type 14.4. Middle East & Africa Flexible AC Transmission System Market Forecast, by Compensation Type 14.4.1. Series Compensation, 14.4.2. Shunt Compensation 14.4.3. Combined Series-Shunt Compensation 14.5. Middle East & Africa Flexible AC Transmission System Market Value Share Analysis, By Controller 14.6. Middle East & Africa Flexible AC Transmission System Market Forecast, By Controller 14.6.1. Static Synchronous Compensator (STATCOM) 14.6.2. Static Var Compensator (SVC) 14.6.3. Unified Power Flow Controllers (UPFC) 14.6.4. Thyristor Controlled Series Compensator (TCSC) 14.6.5. Others 14.7. Middle East & Africa Flexible AC Transmission System Market Value Share Analysis, by Industry Vertical 14.8. Middle East & Africa Flexible AC Transmission System Market Forecast, by Industry Vertical 14.8.1. Oil & Gas 14.8.2. Electric Utility 14.8.3. Railways 14.8.4. Others 14.9. Middle East & Africa Flexible AC Transmission System Market Value Share Analysis, by Country 14.10. Middle East & Africa Flexible AC Transmission System Market Forecast, by Country 14.10.1. GCC 14.10.2. South Africa 14.10.3. Rest of Middle East & Africa 14.11. Middle East & Africa Flexible AC Transmission System Market Analysis, by Country 14.12. GCC Flexible AC Transmission System Market Forecast, by Compensation Type 14.12.1. Series Compensation, 14.12.2. Shunt Compensation 14.12.3. Combined Series-Shunt Compensation 14.13. GCC Flexible AC Transmission System Market Forecast, By Controller 14.13.1. Static Synchronous Compensator (STATCOM) 14.13.2. Static Var Compensator (SVC) 14.13.3. Unified Power Flow Controllers (UPFC) 14.13.4. Thyristor Controlled Series Compensator (TCSC) 14.13.5. Others 14.14. GCC Flexible AC Transmission System Market Forecast, by Industry Vertical 14.14.1. Oil & Gas 14.14.2. Electric Utility 14.14.3. Railways 14.14.4. Others 14.15. South Africa Flexible AC Transmission System Market Forecast, by Compensation Type 14.15.1. Series Compensation, 14.15.2. Shunt Compensation 14.15.3. Combined Series-Shunt Compensation 14.16. South Africa Flexible AC Transmission System Market Forecast, By Controller 14.16.1. Static Synchronous Compensator (STATCOM) 14.16.2. Static Var Compensator (SVC) 14.16.3. Unified Power Flow Controllers (UPFC) 14.16.4. Thyristor Controlled Series Compensator (TCSC) 14.16.5. Others 14.17. South Africa Flexible AC Transmission System Market Forecast, by Industry Vertical 14.17.1. Oil & Gas 14.17.2. Electric Utility 14.17.3. Railways 14.17.4. Others 14.18. Rest of Middle East & Africa Flexible AC Transmission System Market Forecast, by Compensation Type 14.18.1. Series Compensation, 14.18.2. Shunt Compensation 14.18.3. Combined Series-Shunt Compensation 14.19. Rest of Middle East & Africa Flexible AC Transmission System Market Forecast, By Controller 14.19.1. Static Synchronous Compensator (STATCOM) 14.19.2. Static Var Compensator (SVC) 14.19.3. Unified Power Flow Controllers (UPFC) 14.19.4. Thyristor Controlled Series Compensator (TCSC) 14.19.5. Others 14.20. Rest of Middle East & Africa Flexible AC Transmission System Market Forecast, by Industry Vertical 14.20.1. Oil & Gas 14.20.2. Electric Utility 14.20.3. Railways 14.20.4. Others 14.21. Middle East & Africa Flexible AC Transmission System Market Attractiveness Analysis 14.21.1. By Compensation Type 14.21.2. By Controller 14.21.3. By Industry Vertical 14.22. PEST Analysis 14.23. Key Trends 14.24. Key Developments 15. South America Flexible AC Transmission System Market Analysis 15.1. Key Findings 15.2. South America Flexible AC Transmission System Market Overview 15.3. South America Flexible AC Transmission System Market Value Share Analysis, by Compensation Type 15.4. South America Flexible AC Transmission System Market Forecast, by Compensation Type 15.4.1. Series Compensation, 15.4.2. Shunt Compensation 15.4.3. Combined Series-Shunt Compensation 15.5. South America Flexible AC Transmission System Market Value Share Analysis, By Controller 15.6. South America Flexible AC Transmission System Market Forecast, By Controller 15.6.1. Static Synchronous Compensator (STATCOM) 15.6.2. Static Var Compensator (SVC) 15.6.3. Unified Power Flow Controllers (UPFC) 15.6.4. Thyristor Controlled Series Compensator (TCSC) 15.6.5. Others 15.7. South America Flexible AC Transmission System Market Value Share Analysis, by Industry Vertical 15.8. South America Flexible AC Transmission System Market Forecast, by Industry Vertical 15.8.1. Oil & Gas 15.8.2. Electric Utility 15.8.3. Railways 15.8.4. Others 15.9. South America Flexible AC Transmission System Market Value Share Analysis, by Country 15.10. South America Flexible AC Transmission System Market Forecast, by Country 15.10.1. Brazil 15.10.2. Mexico 15.10.3. Rest of South America 15.11. South America Flexible AC Transmission System Market Analysis, by Country 15.12. Brazil Flexible AC Transmission System Market Forecast, by Compensation Type 15.12.1. Series Compensation, 15.12.2. Shunt Compensation 15.12.3. Combined Series-Shunt Compensation 15.13. Brazil Flexible AC Transmission System Market Forecast, By Controller 15.13.1. Static Synchronous Compensator (STATCOM) 15.13.2. Static Var Compensator (SVC) 15.13.3. Unified Power Flow Controllers (UPFC) 15.13.4. Thyristor Controlled Series Compensator (TCSC) 15.13.5. Others 15.14. Brazil Flexible AC Transmission System Market Forecast, by Industry Vertical 15.14.1. Oil & Gas 15.14.2. Electric Utility 15.14.3. Railways 15.14.4. Others 15.15. Mexico Flexible AC Transmission System Market Forecast, by Compensation Type 15.15.1. Series Compensation, 15.15.2. Shunt Compensation 15.15.3. Combined Series-Shunt Compensation 15.16. Mexico Flexible AC Transmission System Market Forecast, By Controller 15.16.1. Static Synchronous Compensator (STATCOM) 15.16.2. Static Var Compensator (SVC) 15.16.3. Unified Power Flow Controllers (UPFC) 15.16.4. Thyristor Controlled Series Compensator (TCSC) 15.16.5. Others 15.17. Mexico Flexible AC Transmission System Market Forecast, by Industry Vertical 15.17.1. Oil & Gas 15.17.2. Electric Utility 15.17.3. Railways 15.17.4. Others 15.18. Rest of South America Flexible AC Transmission System Market Forecast, by Compensation Type 15.18.1. Series Compensation, 15.18.2. Shunt Compensation 15.18.3. Combined Series-Shunt Compensation 15.19. Rest of South America Flexible AC Transmission System Market Forecast, By Controller 15.19.1. Static Synchronous Compensator (STATCOM) 15.19.2. Static Var Compensator (SVC) 15.19.3. Unified Power Flow Controllers (UPFC) 15.19.4. Thyristor Controlled Series Compensator (TCSC) 15.20. Others Rest of South America Flexible AC Transmission System Market Forecast, by Industry Vertical 15.20.1. Oil & Gas 15.20.2. Electric Utility 15.20.3. Railways 15.20.4. Others 15.21. South America Flexible AC Transmission System Market Attractiveness Analysis 15.21.1. By Compensation Type 15.21.2. By Controller 15.21.3. By Industry Vertical 15.22. PEST Analysis 15.23. Key Trends 15.24. Key Developments 16. Company Profiles 16.1. Market Share Analysis, by Company 16.2. Competition Matrix 16.2.1. Competitive Benchmarking of key players by price, presence, market share, Verticals and R&D investment 16.2.2. New Product Launches and Product Enhancements 16.2.3. Market Consolidation 16.2.3.1. M&A by Regions, Investment and Verticals 16.2.3.2. M&A Key Players, Forward Integration and Backward Integration 16.3. Company Profiles: Key Players 16.3.1. ABB Ltd 16.3.1.1. Company Overview 16.3.1.2. Financial Overview 16.3.1.3. Product Portfolio 16.3.1.4. Business Strategy 16.3.1.5. Recent Developments 16.3.1.6. Manufacturing Footprint 16.3.2. Mitsubishi Electric Corporation 16.3.3. Eaton Corporation PLC 16.3.4. American Electric Power 16.3.5. Adani Power 16.3.6. Siemens AG 16.3.7. American Electric Power 16.3.8. NR Electric Co. Ltd. 16.3.9. Alstom 16.3.10. Xian Electric Engineering Co. Ltd. 16.3.11. Toshiba Corp. 16.3.12. HP Development Company 16.3.13. Amazon Web Services, Inc. 16.3.14. CISCO 16.3.15. Dell, Inc. 17. Primary Key Insights