The revenue for China’s Flexible AC Transmission Systems market has seen a consistent upward trend from 2020 through 2025, rising from $740 Million in 2020 to an estimated $1,195 Million in 2025. This growth is largely attributed to expanding infrastructure investments, policy-driven renewable energy projects, and upgrades of the transmission network. Looking forward, the market is projected to sustain a healthy growth trajectory, reaching approximately $2,800 Million by 2035 as adoption spreads across both urban and rural grids and technological innovation matures further.
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China’s FACTS market in 2025 sees Utilities as the leading application, contributing nearly half of the market demand. Industries, including heavy manufacturing and process plants, represent the second-largest segment as they require robust voltage stability. With the rapid rollout of large-scale wind and solar installations, Renewables Integration takes a significant share, reflecting the critical need for power flow management solutions. The sector is further buoyed by the ongoing electrification initiatives and expansion of smart grid projects, driving strong demand for FACTS across diverse applications.
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Who are the key players in China Flexible AC Transmission Systems (FACTS) Market industry?
Key players in the China FACTS market include ABB Ltd., Siemens AG, General Electric (GE), NR Electric Co. Ltd., and Mitsubishi Electric Corporation. These companies are recognized for their technological innovations, comprehensive product portfolios, and significant contributions to advancing grid reliability and efficiency in China's power transmission sector.
What is the China Flexible AC Transmission Systems (FACTS) Market growth?
The China FACTS market has experienced robust growth, driven by grid modernization and increased renewable energy integration. In 2023, NR Electric reported notable contracts for STATCOM installations, reflecting the ongoing investment in transmission upgrades to support renewable integration and bolster grid stability across the country.
Which segment accounted for the largest China Flexible AC Transmission Systems (FACTS) Market share?
The utilities application segment accounted for the largest market share in FACTS adoption. This is due to extensive investments by grid operators in advanced transmission solutions to reduce losses, enhance voltage stability, and accommodate the rising demand for secure and efficient electric power transmission in rapidly expanding urban centers.
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