These devices are a key component of the HV transmission substations. They deliver enhanced voltage regulation and stability by providing continuously adjustable reactive power and improved short-circuit strength. Major cooling types of synchronous condenser commercially available are hydrogen cooled, air cooled, water cooled and more. The report also focuses on different geographic regions and the key countries in terms of changing trends in synchronous condenser market in various fields.
The elementary constituents of the system comprise of a synchronous motor, power factor controller, a system status & control panel along with a remote annunciator panel. The whole system is assembled and entirely verified prior to shipment. The procedure of the Synchronous condenser is based on automatic control of the motor field. It is connected to the electrical system throughout the regular operation and does not necessitate any switching or any voltage transients which may result in affecting other electrical systems. Moreover, this condenser comprise of a power factor controller, voltage regulator, metering, starting logic and protective systems required for normal operation.
With the growing need for power factor corrections, synchronous condensers market is also anticipated to observe a surge in the market. Moreover owing to the ever increasing electrical utilities segment, this market is also projected to grow with a subsequent rate. The end user industry is the major driver for the synchronous condensers market to grow. Synchronous condensers find their applications in various segments like wind/solar, HVDC, automobile, oil & gas, utility power generation, water treatment and more. Americas dominated the global synchronous condensers market. The industrial development in this region is all set to drive the demand of synchronous condensers devices. Major players involved in this market are mainly concentrating on R&D initiatives and new product developments to cater the needs of customers. Moreover, booming electrical industry will directly impact the demand of the synchronous condensers over the foreseeable period.
Americas is the leading market for synchronous condenser with U.S. leading the charge. APAC region is forecast to have highest growth in the next few years due to growing adoption of synchronous condenser in various electrical and industrial applications. Asia synchronous condenser market accounts to xx% of the global market for synchronous condenser and is the fastest growing market followed by Americas. In Americas, Oil & Gas industry as well as power generation industry is the major end users of synchronous condenser.
The global synchronous condenser market is evaluated based on key attributes such components, cooling types, end-users and others. Each of the segmentations in the report has been studied to give comprehensive analysis of global synchronous condenser market. The overall market has also been consolidated from the perspective of different geographic locations into standard geographic regions and key economies for this market. Additionally, this report encompasses opportunity analysis, porter analysis, pricing analysis and market forces such as drivers, constraints and challenges that are involved to drive the overall market.
The key players profiled in this report are ABB Ltd, Siemens AG., Toshiba Corporation and others. This report gives detailed information about the product value chain right from the beginning which includes raw materials till end-use. The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants. The study includes the demand of this particular market on a global and regional scale for a six year period of 2016-2021, both in terms of volume(kilo tons) and revenue($ million).
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2. Executive Summary
3. Synchronous Condenser Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End user Profiling
3.2.3. Top 5 Financials Analysis
4. Synchronous Condenser Market Forces
4.1. Market Drivers
4.2. Market Constraints & Challenges
4.3. Attractiveness of the Solenoid Valve Industry
4.3.1. Power of Suppliers
4.3.2. Threats From New Entrants
4.3.3. Power of Buyer
4.3.4. Threat From Substitute Product
4.3.5. Degree of Competition
5. Synchronous Condenser Market Strategic Analysis
5.1. SYNCHRONOUS CONDENSER Market - Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunity Analysis
5.4. Product Life Cycle
5.5. Suppliers and Distributors
5.6. SWOT Analysis
6. Synchronous Condenser Market- By Cooling Types
6.2. Hydrogen cooled
6.3. Air Cooled
6.4. Water cooled
7. Synchronous Condenser Market -By Components
7.3. Cooling system
7.5. Rotor With Solid Integral Pole Tips
8. Synchoronous Condenser Market-By Industry
8.4. Oil & Gas
8.5. Utility Power Generation
8.6. Bio Gas
8.7. Water Treatment
9. Synchronous Condenser Market-By Geography
9.3.2. South Korea
9.4. Rest of The World (ROW)
10. Synchronous Condenser Market Market-Entropy
10.1. Measuring Reactive Power Market
10.2. Product launchers, JVS, Mergers and Acquisitions
11. Company Profiles
11.1. Eaton Corporation Plc.
11.2. ABB Ltd.
11.3. Fuji Electric Co. ltd
11.4. General Electric Company
11.5. Hyundai Ideal Electric Co.
11.6. Siemens AG.
11.7. Sustainable Power Systems
11.8. Asia Market info and Dev Co
11.9. Toshiba corporation
11.10. Voith GMbH
11.11. WEG SA
11.12. Shanghai Electric Group
11.13. S&C Electrical Co
11.14. Vermont Electric Power Company
11.16. SIEMENS AG
*More than 40 Companies are profiled in this Research Report, Complete List available on Request*
"*Financials would be provided on a best efforts basis for private companies"