Key Companies Shaping Flexible AC Transmission Systems Market Landscape

Overview

The global Flexible AC Transmission Systems (FACTS) market is on a steady growth path, rising from USD 1.4 billion in 2024 to around USD 2.6 billion by 2034, expanding at a 6.2% CAGR between 2025 and 2034. North America leads the adoption, accounting for 43.90% of global demand, equivalent to nearly USD 0.6 billion, driven by grid modernization and renewable integration.

FACTS solutions use advanced power electronics to manage voltage, power flow, and grid stability in real time. Their role has become critical as electricity systems absorb more wind and solar capacity, which introduce variability and congestion into conventional transmission networks. By June 2025, India had already installed 235.7 GW of non-fossil capacity, including 226.9 GW of renewables and 8.8 GW of nuclear, significantly increasing the need for stabilising grid technologies such as FACTS.

Investment activity supports this expansion. Approximately INR 1,400 million (USD 16 million) has been allocated to expand HVDC and FACTS manufacturing and testing facilities in India, alongside an additional ₹140 crore to strengthen domestic power-equipment production. Project-level demand is also rising, with orders of ₹19.7 crore for FACTS reactors and ₹75.19 crore for European FACTS system supplies. Investor confidence is reflected in an ₹859-crore IPO and a separate ₹20 billion green-energy investment that expands the renewable pipeline feeding FACTS demand.

Public funding further underpins growth. The U.S. Department of Energy committed USD 11 million for high-voltage transmission projects, including USD 3.3 million for next-generation technology development. In Europe, Poland’s Modernisation Fund allocated PLN 4.15 billion (USD 1.14 billion) to energy-storage and grid-flexibility projects, reinforcing long-term demand for FACTS solutions.

Top Key Players in the Market

• Siemens
• General Electric
• ABB Ltd.
• NR Electric Co., Ltd.
• CG Power and Industrial Solutions Limited.
• Alstom SA
• Mitsubishi Electric Corporation
• Adani Power Ltd
• Eaton Corporation
• Hyosung Corporation

1. Siemens

Siemens is a global technology leader focused on electrification, automation, and digitalisation. The company plays a major role in power transmission and grid-stability solutions through advanced control systems, FACTS components, and smart grid technologies. Its energy portfolio supports utilities in integrating renewable power while improving efficiency and reliability.

Siemens operates across more than 190 countries and serves utilities, industries, infrastructure, and transportation sectors. Its grid technologies are widely deployed in high-voltage transmission, digital substations, and power-electronics-based control systems that support modern energy transitions.

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2. General Electric

General Electric is a long-established industrial company with deep expertise in power generation, grid equipment, and advanced electrical systems. Through its grid and power businesses, GE supplies technologies that enhance transmission efficiency, voltage control, and network reliability.

The company supports utilities worldwide with high-voltage equipment, grid automation, and power-electronics solutions designed for renewable integration. GE’s engineering capability and global installed base position it as a key supplier for large-scale transmission and grid-modernisation projects.

3. ABB Ltd.

ABB is a global leader in electrification and automation technologies, offering advanced solutions for transmission networks and grid stability. Its portfolio includes power electronics, FACTS controllers, and digital grid platforms that enable flexible and resilient power systems.

ABB’s solutions are widely used in renewable-rich grids, industrial power networks, and HV transmission corridors. The company focuses on improving grid reliability while supporting decarbonisation and energy-efficiency targets worldwide.

4. NR Electric Co., Ltd.

NR Electric is a China-based power-automation specialist focusing on grid protection, control, and stability solutions. The company supplies FACTS-related systems, protection relays, and automation platforms for transmission and distribution networks.

Its technologies are widely deployed in high-voltage substations, renewable-energy integration projects, and national grid upgrades. NR Electric supports large utilities by enhancing grid security, flexibility, and operational efficiency.

5. CG Power and Industrial Solutions Limited

CG Power is a major Indian manufacturer of electrical equipment serving utilities, industries, and infrastructure projects. The company supplies power-system equipment that supports grid reliability, transmission efficiency, and industrial electrification.

With a strong domestic manufacturing base, CG Power plays an important role in India’s grid expansion and renewable-energy integration. Its solutions align with national initiatives to strengthen transmission infrastructure and reduce power losses.

6. Alstom SA

Alstom provides advanced energy and grid-related technologies alongside its transportation portfolio. The company delivers electrical systems and power-electronics solutions that support efficient energy transmission and infrastructure reliability.

Alstom’s expertise in power supply and grid integration supports large infrastructure projects globally. Its technologies contribute to efficient energy distribution, particularly in electrified transport and utility-scale networks.

7. Mitsubishi Electric Corporation

Mitsubishi Electric is a global supplier of power-electronics and grid-control technologies. Its solutions support voltage regulation, power-quality improvement, and stable transmission for utilities and industrial networks.

The company’s grid technologies are widely used in high-voltage transmission, renewable integration, and smart-grid applications. Mitsubishi Electric emphasizes reliability, efficiency, and advanced control engineering.

8. Adani Power Ltd

Adani Power is India’s largest private thermal power producer and an important participant in grid-linked generation. Its expanding renewable and thermal capacity increases demand for robust transmission and grid-stability solutions.

The company supports national electrification and energy-security goals while contributing to large-scale grid operations. Its projects influence transmission planning and power-flow management across multiple regions.

9. Eaton Corporation

Eaton specializes in intelligent power-management solutions for utilities, data centers, and industries. Its portfolio includes grid-automation and power-quality systems that enhance transmission efficiency and stability.

Eaton’s technologies help utilities manage load growth, renewable integration, and system reliability. The company operates globally with strong expertise in electrical and digital energy solutions.

10. Hyosung Corporation

Hyosung is a South Korean industrial group with strong capabilities in power-system equipment and grid solutions. The company supplies transformers, switchgear, and FACTS-related technologies to global utilities.

Hyosung’s power-system business supports grid expansion, renewable integration, and high-voltage transmission projects. Its equipment is widely used in Asia, the Middle East, and North America.

Conculsion

Flexible AC Transmission Systems play a vital role in building modern, reliable, and resilient power grids. As electricity demand grows and renewable energy becomes more widespread, these systems help utilities manage voltage stability, control power flows, and reduce transmission stress. By improving grid flexibility, FACTS technologies support smoother integration of variable energy sources such as wind and solar. They also enhance overall system efficiency, limit congestion, and reduce the risk of outages. With continued grid expansion, electrification, and renewable adoption, FACTS solutions are becoming an essential part of transmission planning. Their ability to strengthen network performance makes them a key enabler of long-term energy security and sustainable power infrastructure.

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