Synchronous Condenser Market By Type (New Synchronous Condenser, Others), By Cooling Type (Hydrogen-Cooled and Others), By Starting Method (Static Frequency Converter and Others), By End-User (Electrical Utilities and Industries), By Reactive Power Rating (Up to 100 MVAR, 00 MVAR–200 MVAR and Above 200 MVAR), By Company and By Geography, Forecast & Opportunities, 2027

  • Industry : Power
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Global synchronous condenser market is projected to grow at formidable rate during the forecast period. The growth in the market can be attributed to rising need for power factor correction, increasing renewable power generation and long service life.

Global synchronous condenser market is segmented based on type, cooling type, starting method, end user, reactive power rating and region. Based on cooling type, the market has been segmented into hydrogen-cooled, air-cooled and water-cooled. In 2021, the hydrogen-cooled synchronous condenser segment dominated the market and is expected to maintain its dominance over the next five years as well. Based on End-user segment, the market has been categorised into electrical utilities and industries. The Electric utilities segment is estimated to grow at the highest rate in the end-user segment of the synchronous condenser market during the forecast period owing to large-scale demand by utilities for high-capacity synchronous condensers.

Some of the leading players operating in the global synchronous condenser market are Siemens AG, ABB Ltd., Sustainable Power Systems Inc., Eaton Corporation PLC., Power Systems and Control Inc, WEG SA, Fuji Electric Co. Ltd., General Electric Company, Electromechanical Engineering Associates Inc., Hyundai Ideal Electric Co., etc.

Objective of the Study:

  • To analyse and forecast the market size of Synchronous Condenser Market, in terms of value.
  • To classify and forecast Global Synchronous Condenser Market based on type, cooling, starting method, end-user, reactive power rating and regional distribution.
  • To identify drivers and challenges for Global Synchronous Condenser Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Synchronous Condenser Market.
  • To conduct the pricing analysis for Synchronous Condenser Market.
  • To identify and analyse the profile of leading players involved in the manufacturing of Global Synchronous Condenser Market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.

TechSci Research calculated the market size of Global Synchronous Condenser Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Synchronous Condenser Manufacturers
  • Raw material suppliers
  • Energy consultants
  • Traders, Distributors, and Suppliers
  • Industry associations and experts
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

  • Type
  • Cooling Type
  • Staring Method
  • End user
  • Reactive Power Rating

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Singapore; Malaysia; Germany, France, United Kingdom, Spain, Italy; South Africa, UAE, Saudi Arabia; Qatar; Brazil, Argentina, Colombia;

Key companies profiled

Siemens AG, ABB Ltd., Sustainable Power Systems Inc., Eaton Corporation PLC., Power Systems and Control Inc, WEG SA, Fuji Electric Co. Ltd., General Electric Company, Electromechanical Engineering Associates Inc., Hyundai Ideal Electric Co.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Synchronous Condenser Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Synchronous Condenser Market, By Type:
    • New Synchronous Condenser
    • Refurbished Synchronous Condenser
  • Global Synchronous Condenser Market, By Cooling Type:
    • Hydrogen-Cooled
    • Air-Cooled
    • Water-Cooled
  • Global Synchronous Condenser Market, By Starting Method:
    • Static Frequency Converter
    • Pony Motor
    • Others
  • Global Synchronous Condenser Market, By End User:
    • Electrical Utilities
    • Industries
  • Global Synchronous Condenser Market, By Reactive Power Rating:
    • Up to 100 MVAR
    • 100 MVAR–200 MVAR
    • Above 200 MVAR
  • Global Synchronous Condenser Market, by Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe & CIS
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Synchronous Condenser Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected] 

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Synchronous Condenser Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Product Awareness

5.2.  Factors Influencing the Purchase Decision

5.3.  Product Pricing

5.4.  Challenges & Unmet Needs

6.    Global Synchronous Condenser Market Overview 

7.    Global Synchronous Condenser Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type (New Synchronous Condenser and Refurbished Synchronous Condenser)

7.2.2.     By Cooling Type (Hydrogen-Cooled, Air-Cooled and Water-Cooled)

7.2.3.     By Starting Method (Static Frequency Converter, Pony Motor and Others)

7.2.4.     By End-User (Electrical Utilities and Industries)

7.2.5.     By Reactive Power Rating (Up to 100 MVAR, 100 MVAR–200 MVAR and Above 200 MVAR)

7.2.6.     By Region

7.3.  Market Attractiveness Index

8.    Asia-Pacific Synchronous Condenser Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Reactive Power Rating

8.2.3.     By End User

8.2.4.     By Country

8.3.  Market Attractiveness Index

8.4.  Asia-Pacific: Country Analysis

8.4.1.     China Synchronous Condenser Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Type

8.4.1.2.2.             By Reactive Power Rating

8.4.1.2.3.             By End User

8.4.2.     India Synchronous Condenser Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Type

8.4.2.2.2.             By Reactive Power Rating

8.4.2.2.3.             By End User

8.4.3.     Japan Synchronous Condenser Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Type

8.4.3.2.2.             By Reactive Power Rating

8.4.3.2.3.             By End User

8.4.4.     South Korea Synchronous Condenser Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Type

8.4.4.2.2.             By Reactive Power Rating

8.4.4.2.3.             By End User

8.4.5.     Australia Synchronous Condenser Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Type

8.4.5.2.2.             By Reactive Power Rating

8.4.5.2.3.             By End User

8.4.6.     Singapore Synchronous Condenser Market Outlook

8.4.6.1.         Market Size & Forecast

8.4.6.1.1.             By Value

8.4.6.2.         Market Share & Forecast

8.4.6.2.1.             By Type

8.4.6.2.2.             By Reactive Power Rating

8.4.6.2.3.             By End User

8.4.7.     Malaysia Synchronous Condenser Market Outlook

8.4.7.1.         Market Size & Forecast

8.4.7.1.1.             By Value

8.4.7.2.         Market Share & Forecast

8.4.7.2.1.             By Type

8.4.7.2.2.             By Reactive Power Rating

8.4.7.2.3.             By End User

9.    Europe & CIS Synchronous Condenser Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Reactive Power Rating

9.2.3.     By End User

9.2.4.     By Country

9.3.  Market Attractiveness Index

9.4.  Europe: Country Analysis

9.4.1.     France Synchronous Condenser Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Type

9.4.1.2.2.             By Reactive Power Rating

9.4.1.2.3.             By End User

9.4.2.     Germany Synchronous Condenser Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Type

9.4.2.2.2.             By Reactive Power Rating

9.4.2.2.3.             By End User

9.4.3.     United Kingdom Synchronous Condenser Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Type

9.4.3.2.2.             By Reactive Power Rating

9.4.3.2.3.             By End User

9.4.4.     Italy Synchronous Condenser Market Outlook

9.4.4.1.         Market Size & Forecast

9.4.4.1.1.             By Value

9.4.4.2.         Market Share & Forecast

9.4.4.2.1.             By Type

9.4.4.2.2.             By Reactive Power Rating

9.4.4.2.3.             By End User

9.4.5.     Spain Synchronous Condenser Market Outlook

9.4.5.1.         Market Size & Forecast

9.4.5.1.1.             By Value

9.4.5.2.         Market Share & Forecast

9.4.5.2.1.             By Type

9.4.5.2.2.             By Reactive Power Rating

9.4.5.2.3.             By End User

10.  North America Synchronous Condenser Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Reactive Power Rating

10.2.3.  By End User

10.2.4.  By Country

10.3.              Market Attractiveness Index

10.4.              North America: Country Analysis

10.4.1.  United States Synchronous Condenser Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Type

10.4.1.2.2.           By Reactive Power Rating

10.4.1.2.3.           By End User

10.4.2.  Mexico Synchronous Condenser Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Type

10.4.2.2.2.           By Reactive Power Rating

10.4.2.2.3.           By End User

10.4.3.  Canada Synchronous Condenser Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Type

10.4.3.2.2.           By Reactive Power Rating

10.4.3.2.3.           By End User

11.  South America Synchronous Condenser Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Reactive Power Rating

11.2.3.  By End User

11.2.4.  By Country

11.3.              Market Attractiveness Index

11.3.1.  Brazil Synchronous Condenser Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Type

11.3.1.2.2.           By Reactive Power Rating

11.3.1.2.3.           By End User

11.3.2.  Argentina Synchronous Condenser Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Type

11.3.2.2.2.           By Reactive Power Rating

11.3.2.2.3.           By End User

11.3.3.  Colombia Synchronous Condenser Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Type

11.3.3.2.2.           By Reactive Power Rating

11.3.3.2.3.           By End User

12.  Middle East and Africa Synchronous Condenser Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value

12.2.              Market Share & Forecast

12.2.1.  By Type

12.2.2.  By Reactive Power Rating

12.2.3.  By End User

12.2.4.  By Country

12.3.              Market Attractiveness Index

12.4.              MEA: Country Analysis

12.4.1.  South Africa Synchronous Condenser Market Outlook

12.4.1.1.      Market Size & Forecast

12.4.1.1.1.           By Value

12.4.1.2.      Market Share & Forecast

12.4.1.2.1.           By Type

12.4.1.2.2.           By Reactive Power Rating

12.4.1.2.3.           By End User

12.4.2.  Saudi Arabia Synchronous Condenser Market Outlook

12.4.2.1.      Market Size & Forecast

12.4.2.1.1.           By Value

12.4.2.2.      Market Share & Forecast

12.4.2.2.1.           By Type

12.4.2.2.2.           By Reactive Power Rating

12.4.2.2.3.           By End User

12.4.3.  UAE Synchronous Condenser Market Outlook

12.4.3.1.      Market Size & Forecast

12.4.3.1.1.           By Value

12.4.3.2.      Market Share & Forecast

12.4.3.2.1.           By Type

12.4.3.2.2.           By Reactive Power Rating

12.4.3.2.3.           By End User

12.4.4.  Qatar Synchronous Condenser Market Outlook

12.4.4.1.      Market Size & Forecast

12.4.4.1.1.           By Value

12.4.4.2.      Market Share & Forecast

12.4.4.2.1.           By Type

12.4.4.2.2.           By Reactive Power Rating

12.4.4.2.3.           By End User

13.  Supply Chain Analysis

14.  Market Dynamics

14.1.              Drivers

14.2.              Challenges

15.  Market Trends & Developments

16.  Policy & Regulatory Landscape

17.  Competitive Landscape

17.1.              Competition Outlook

17.2.              Company Profiles (Top 10 Companies)

17.2.1.  Siemens AG

17.2.2.  ABB Ltd.

17.2.3.  Sustainable Power Systems Inc.

17.2.4.  Eaton Corporation PLC

17.2.5.  Power Systems and Control Inc

17.2.6.  WEG SA

17.2.7.  Fuji Electric Co. Ltd.

17.2.8.  General Electric Company

17.2.9.  Electromechanical Engineering Associates Inc.

17.2.10.                Hyundai Ideal Electric Co.,

18.  Strategic Recommendation

Figures and Tables

Frequently asked questions

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Rising need for power factor correction, increasing electrical power consumption and rising need to maximize transmission capacity are expected to drive the global synchronous condenser market during the forecast period.

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Global synchronous condenser market is segmented based on type, cooling type, starting method, end user, reactive power rating and region.

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Based on cooling type, the hydrogen-cooled synchronous condenser segment is expected to hold the largest share in global synchronous condenser market during forecast period.

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Some of the leading players operating in the global synchronous condenser market are Siemens AG, ABB Ltd., Sustainable Power Systems Inc., Eaton Corporation PLC., Power Systems and Control Inc, WEG SA, Fuji Electric Co. Ltd., General Electric Company, Electromechanical Engineering Associates Inc., Hyundai Ideal Electric Co., etc.

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