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Synchronous Condenser Market by Cooling Type (Hydrogen, Air, Water),Type (New & Refurbished), Starting Method (Static Frequency Converter, Pony Motor), End User (Electrical Utilities & Industries), Reactive Power Rating, and Region - Global Forecast to 2025

  • ID: 5235751
  • Report
  • January 2021
  • Region: Global
  • 170 Pages
  • Markets and Markets
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The Global Synchronous Condenser Market is Projected to Reach USD 574.0 Million by 2025 From an Estimated USD 508.4 Million in 2020, at a CAGR of 2.5%

FEATURED COMPANIES

  • ABB
  • Ansaldo Energia
  • Eaton
  • GE
  • Siemens
  • Voith Group
  • MORE

The global synchronous condenser market is projected to reach USD 574.0 million by 2025 from an estimated USD 508.4 million in 2020, at a CAGR of 2.5% during the forecast period. The increasing electrical power consumption and rising need to maximize transmission capacity are becoming increasingly important. Along with this, growing renewable-based power generation in the energy mix, retiring conventional power plants, and growing network of High-Voltage Direct Current (HVDC) has had a considerable effect on transmission grid stability. Synchronous condensers play a vital role by generating lagging and leading reactive power, helping to stabilize the transmission grid. It also offers several advantages over other substitutes such as no harmonics, short-circuits power capability, and inertia to the transmission grid among others.

Synchronous condensers rated above 200 MVAr dominate the global market.

The above 200 MVAr segment of synchronous condensers is expected to be the largest market, by reactive power rating, during the forecast period. This growth is evident owing to rising installations of synchronous condensers rated above 200 MVAr, especially in North America and Europe.

Hydrogen cooled synchronous condensers are the fastest-growing segment during the forecast period in the global synchronous condenser market.

The hydrogen cooled synchronous condenser is estimated to be the fastest-growing during the forecast period. This growth is attributed to the adoption and efficiency of large-sized synchronous condensers for a reactive power rating of above 200 Mega Volt Amps (reactive) (MVAr).

By starting method, static frequency converters segment is expected to dominate the global synchronous condenser market.

Static frequency converters accounted for the largest share of the synchronous condenser market, it is also estimated to be the fastest-growing segment during the forecast period. Low installation costs and low noise features of static frequency converters are expected to boost their demand in the synchronous condenser market

North America to lead the global synchronous condensers market in terms of growth rate.

The synchronous condensers market in North America is projected to grow at the fastest rate during the forecast period. The gradual phasing out of thermal power plants and increasing renewable power generation are driving the synchronous condensers market in the region.
Besides North America, Europe was one of the largest markets for synchronous condensers. The demand for synchronous condensers in Europe is mainly driven by rising HVDC network in the region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:

  • By Company Type: Tier I-60%, Tier II-20%, and Tier III-20%
  • By Designation: C-Level-55%, Director Level-30%, and Others-15%
  • By Region: North America- 40%, Europe- 30%, South America- 15%, Rest of the World- 15%

Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined on the basis of their total revenue as of 2017; Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3: <USD 500 million.

The global synchronous condenser market is dominated by a few major players that have a wide regional presence. The leading players in the synchronous condenser market are Siemens (Germany), GE(US), Eaton (Ireland), ABB (Switzerland), and WEG (Brazil).

Research Coverage:

The report defines, describes, and forecasts the global synchronous condenser market, by type, cooling type, reactive power rating, starting method, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the synchronous condenser market.

Key benefits of buying the report:

The report will help market leaders/new entrants in this market in the following ways:

1. This report segments the global synchronous condenser market comprehensively and provides the closest approximations of the revenues for the overall market and the subsegments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders understand competitors better and gain more insights to improve their position in the market. The competitive landscape section includes the new product developments, mergers & acquisitions, contracts & agreements, and partnerships & collaborations

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • Ansaldo Energia
  • Eaton
  • GE
  • Siemens
  • Voith Group
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.2.1 Synchronous Condenser Market, by Cooling Type: Inclusions and Exclusions
1.2.2 Synchronous Condenser Market, by Reactive Power Rating (Mvar): Inclusions and Exclusions
1.2.3 Synchronous Condenser Market, by End-user: Inclusions and Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Synchronous Condenser Market: Research Design
2.2 Market Breakdown and Data Triangulation
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data from Primary Sources
2.2.2.2 Breakdown of Primaries
2.3 Scope
Figure 2 Main Metrics Considered while Constructing and Assessing Demand for Synchronous Condensers
2.4 Market Size Estimation
2.4.1 Demand-Side Analysis Bottom-Up Approach
Figure 3 Synchronous Condenser Market: Industry-Region/Country-Wise Analysis
2.4.1.1 Calculation for Demand-Side Analysis
2.4.1.2 Key Assumptions while Calculating Demand-Side Market Size
2.4.2 Supply-Side Analysis
Figure 4 Synchronous Condenser Market: Supply-Side Analysis
2.4.2.1 Calculations for Supply- Side Analysis
Figure 5 Key Metrics Considered for Assessing Supply of Synchronous Condensers
2.4.2.2 Assumptions while Calculating Supply-Side Market Size
Figure 6 Company Revenue Analysis, 2019
2.4.3 Forecast

3 Executive Summary
3.1 Scenario Analysis
Figure 7 Scenario Analysis: Synchronous Condenser Market, 2018-2025
3.1.1 Optimistic Scenario
3.1.2 Realistic Scenario
3.1.3 Pessimistic Scenario
Table 1 Synchronous Condenser Market Snapshot
Figure 8 Hydrogen-Cooled Synchronous Condensers are Expected to Lead Synchronous Condenser Market, by Cooling Type, During the Forecast Period
Figure 9 Static Frequency Converters to Lead Synchronous Condenser Market, by Starting Method, During the Forecast Period
Figure 10 Above 200 Mvar Segment is Expected to Lead Synchronous Condenser Market, by Reactive Power Rating, During the Forecast Period
Figure 11 Electrical Utilities are Expected to Lead Synchronous Condenser Market, by End-user, During the Forecast Period
Figure 12 New Synchronous Condensers are Expected to Lead Synchronous Condenser Market, by Type, During the Forecast Period
Figure 13 North America is Expected to Dominate Synchronous Condenser Market, by Region, in Terms of CAGR (2020-2025)

4 Premium Insights
4.1 Attractive Opportunities in Synchronous Condenser Market
Figure 14 Government Initiatives to Replace Fossil Fuels & Nuclear Power Generation Capacity with Renewables and Growing Need for Power Factor Correction are Expected to Drive Synchronous Condenser Market, 2020-2025
4.2 Synchronous Condenser Market, by Region
Figure 15 North American Synchronous Condenser Market, by Region, is Expected to Grow at Highest CAGR During Forecast Period
4.3 Synchronous Condenser Market, by Cooling Type
Figure 16 Hydrogen-Cooled Segment Dominated Synchronous Condenser Market, by Cooling Type, in 2019
4.4 Synchronous Condenser Market, by Starting Method
Figure 17 Static Frequency Converters Dominated Synchronous Condenser Market, by Starting Method, in 2019
4.5 Synchronous Condenser Market, by Reactive Power Rating (Mvar)
Figure 18 New Synchronous Condensers Held Largest Share of Synchronous Condenser Market, by Reactive Power Rating (Mvar), in 2019
4.6 Synchronous Condenser Market, by End-user
Figure 19 Electrical Utilities Held Larger Share of Synchronous Condenser Market, by End-user, in 2019
4.7 Synchronous Condenser Market, by Type
Figure 20 New Synchronous Condensers Dominated Synchronous Condenser Market, by Type, in 2019

5 Market Overview
5.1 Introduction
5.2 COVID-19 Health Assessment
Figure 21 COVID-19: Global Propagation
5.3 Market Dynamics
Figure 22 Synchronous Condenser Market: Drivers, Restraints, Opportunities, and Challenges
5.3.1 Drivers
5.3.1.1 Increasing Demand for Renewable Power Generation
Figure 23 Electricity Mix (Twh), Oecd, 2019
5.3.1.2 Growing Need for Power Factor Correction (Pfc)
5.3.2 Restraints
5.3.2.1 High Maintenance and Equipment Costs of Synchronous Condensers
5.3.3 Opportunities
5.3.3.1 Converting the Existing Synchronous Generators into Synchronous Condensers
5.3.3.2 Expanding High-Voltage Direct Current (Hvdc) Network
5.3.4 Challenges
5.3.4.1 Availability of Low-Cost Alternatives Such as Synchronous Generators, Capacitors, and Statcom
Table 2 Comparison Between Synchronous Condenser and Its Alternatives
5.3.4.2 Rising Product Costs due to Shortage of Components/Parts Used in Manufacturing Synchronous Condensers due to COVID-19
5.4 Yc-Shift
5.4.1 Revenue Shift & New Revenue Pockets for Synchronous Condenser Manufacturers
Figure 24 Revenue Shift for Synchronous Condenser
5.5 Market Map
Figure 25 Market Map for Synchronous Condenser
5.6 Average Pricing of Synchronous Condenser
5.7 Value Chain Analysis
Figure 26 Synchronous Condenser Value Chain
5.7.1 Raw Material Providers/ Suppliers
5.7.2 Component Manufacturers
5.7.3 Assemblers/Manufacturers
5.7.4 Distributors (Buyers)/ End-users and Post-Sales Services
5.8 Case Study Analysis
5.8.1 Terna's Synchronous Condenser Success
5.8.1.1 Problem Statement
5.8.1.2 Possible Solution by Ge's Synchronous Condenser
5.9 Technology Analysis
5.10 Regulatory Landscape
5.10.1 Regulatory Framework in North America
5.10.2 Regulatory Framework in Europe
5.11 Porter's Five Forces Analysis
Figure 27 Porter's Five Forces Analysis
5.11.1 Threat of Substitutes
5.11.2 Bargaining Power of Suppliers
5.11.3 Bargaining Power of Buyers
5.11.4 Threat of New Entrants
5.11.5 Intensity of Competitive Rivalry

6 Impact of COVID-19 on Synchronous Condenser Market, Scenario Analysis, by Region
6.1 Scenario Analysis
Figure 28 Criteria Impacting Global Economy
6.1.1 Optimistic Scenario
Table 3 Optimistic Scenario: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)
6.1.2 Realistic Scenario
Table 4 Realistic Scenario: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)
6.1.3 Pessimistic Scenario
Table 5 Pessimistic Scenario: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)

7 Synchronous Condenser Market, by Cooling Type
7.1 Introduction
Figure 29 Hydrogen-Cooled Synchronous Condensers Accounted for the Largest Market Share in 2019
Table 6 Synchronous Condenser Market Size, by Cooling Type, 2018-2025 (USD Million)
7.2 Hydrogen Cooled
7.2.1 High Thermal Conductivity of Hydrogen-Cooled Synchronous Condensers is Expected to Foster Their Demand
Table 7 Hydrogen Cooled: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)
7.3 Air Cooled
7.3.1 Improved Cooling Feature of Air-Cooled Synchronous Condensers Using Air Circulation is Likely to Fuel Market Growth
Table 8 Air Cooled: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)
7.4 Water Cooled
7.4.1 Cost Efficiency of Water-Cooled Synchronous Condensers Over Their Hydrogen-Cooled Counterpart is Likely to Foster Their Demand in Market
Table 9 Water Cooled: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)

8 Synchronous Condenser Market, by Starting Method
8.1 Introduction
Figure 30 Static Frequency Converter Segment Accounted for the Largest Market Share in 2019
Table 10 Synchronous Condenser Market Size, by Starting Method, 2018-2025 (USD Million)
8.2 Static Frequency Converters
8.2.1 Low Installation Costs and Low Noise Features are Expected to Boost Demand for Static Frequency Converters
Table 11 Static Frequency Converters: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)
8.3 Pony Motors
8.3.1 Low Cost of Pony Motors is Likely to Foster Their Demand in Synchronous Condenser Market
Table 12 Pony Motors: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)
8.4 Others
Table 13 Others: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)

9 Synchronous Condenser Market, by Reactive Power Rating (Mvar)
9.1 Introduction
Figure 31 Above 200 Mvar Synchronous Condenser Segment Accounted for the Largest Market Share in 2019
Table 14 Synchronous Condenser Market Size, by Reactive Power Rating (Mvar), 2018-2025 (USD Million)
9.2 Up to 100 Mvar Synchronous Condensers
9.2.1 Growing Usage of Air- & Water-Cooled Synchronous Condensers is Expected to Foster Demand for Synchronous Condensers of Up to 100 Mvar
Table 15 Up to 100 Mvar: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)
9.3 100-200 Mvar Synchronous Condensers
9.3.1 Use of 100-200 Mvar Synchronous Condensers for Transmission System Stability is Likely to Foster Their Demand
Table 16 100-200 Mvar: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)
9.4 Above 200 Mvar Synchronous Condensers
9.4.1 Growing Use of Hydrogen-Cooled Synchronous Condensers is Expected to Boost Their Demand
Table 17 Above 200 Mvar: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)

10 Synchronous Condenser Market, by End-user
10.1 Introduction
Figure 32 Electrical Utilities Accounted for Larger Market Share in 2019
Table 18 Synchronous Condenser Market Size, by End-user, 2018-2025 (USD Million)
10.2 Electrical Utilities
10.2.1 Demand for Grid Stability and Controlling Voltage Fluctuations is Expected to Drive Market
Table 19 Electrical Utilities: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)
10.3 Industries
10.3.1 Requirement for Industrial Loads’ Power Factor Correction is Likely to Drive Market
Table 20 Industries: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)

11 Synchronous Condenser Market, by Type
11.1 Introduction
Figure 33 New Synchronous Condensers Accounted for Larger Market Share in 2019
Table 21 Synchronous Condenser Market Size, by Type, 2018-2025 (USD Million)
11.2 New Synchronous Condensers
11.2.1 Expansion of Hvdc Network is Likely to Generate Demand for New Synchronous Condensers
Table 22 New: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)
11.3 Refurbished Synchronous Condensers
11.3.1 Refurbished Synchronous Condensers are More Economical, Which is Likely to Propel Market Growth
Table 23 Refurbished: Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)

12 Synchronous Condenser Market, by Region
12.1 Introduction
Figure 34 Regional Snapshot: North American Synchronous Condenser Market is Expected to Grow at Highest CAGR During Forecast Period
Figure 35 Synchronous Condenser Market Share (Value), by Region, 2019
Table 24 Synchronous Condenser Market Size, by Region, 2018-2025 (USD Million)
Table 25 Synchronous Condenser Market Size, by Region, 2018-2025 (Units)
12.1.1 Impact of COVID-19 on Global Synchronous Condenser Market
Table 26 Global: COVID-19 Impact on Synchronous Condenser Market Size, 2018-2025 (USD Million)
Figure 36 Global: COVID-19 Impact on Synchronous Condenser Market, 2018-2025 (USD Million)
12.2 North America
12.2.1 Introduction
Figure 37 North America: Regional Snapshot
Table 27 North America: Synchronous Condenser Market Size, by Cooling Type, 2018-2025 (USD Million)
Table 28 North America: Synchronous Condenser Market Size, by Starting Method, 2018-2025 (USD Million)
Table 29 North America: Synchronous Condenser Market Size, by End-user, 2018-2025 (USD Million)
Table 30 North America: Synchronous Condenser Market Size, by Reactive Power Rating (Mvar), 2018-2025 (USD Million)
Table 31 North America: Synchronous Condenser Market Size, by Type, 2018-2025 (USD Million)
Table 32 North America: Synchronous Condenser Market Size, by Country, 2018-2025 (USD Million)
12.2.2 Impact of COVID-19 on North American Market
Table 33 North America: COVID-19 Impact on Synchronous Condenser Market Size, 2018-2025 (USD Million)
Figure 38 North America: Impact of COVID-19 on Synchronous Condenser Market, 2018-2025 (USD Million)
12.2.3 US
12.2.3.1 Mercury and Air Toxics Standards’ Compliance and Growing Demand for Renewables are Expected to Increase Demand
Table 34 US: Synchronous Condenser Market Size, by Cooling Type, 2018-2025 (USD Million)
Table 35 US: Synchronous Condenser Market Size, by Starting Method, 2018-2025 (USD Million)
Table 36 US: Synchronous Condenser Market Size, by End-user, 2018-2025 (USD Million)
Table 37 US: Synchronous Condenser Market Size, by Reactive Power Rating (Mvar), 2018-2025 (USD Million)
Table 38 US: Synchronous Condenser Market Size, by Type, 2018-2025 (USD Million)
12.2.4 Canada
12.2.4.1 Rising Investments in Renewable Power Generation are Likely to Propel Market Growth
Table 39 Canada: Synchronous Condenser Market Size, by Cooling Type, 2018-2025 (USD Million)
Table 40 Canada: Synchronous Condenser Market Size, by Starting Method, 2018-2025 (USD Million)
Table 41 Canada: Synchronous Condenser Market Size, by End-user, 2018-2025 (USD Million)
Table 42 Canada: Synchronous Condenser Market Size, by Reactive Power Rating (Mvar), 2018-2025 (USD Million)
Table 43 Canada: Synchronous Condenser Market Size, by Type, 2018-2025 (USD Million)
12.3 Europe
12.3.1 Introduction
Figure 39 Europe: Regional Snapshot
Table 44 Europe: Synchronous Condenser Market Size, by Cooling Type, 2018-2025 (USD Million)
Table 45 Europe: Synchronous Condenser Market Size, by Starting Method, 2018-2025 (USD Million)
Table 46 Europe: Synchronous Condenser Market Size, by End-user, 2018-2025 (USD Million)
Table 47 Europe: Synchronous Condenser Market Size, by Reactive Power Rating (Mvar), 2018-2025 (USD Million)
Table 48 Europe: Synchronous Condenser Market Size, by Type, 2018-2025 (USD Million)
Table 49 Europe: Synchronous Condenser Market Size, by Country, 2018-2025 (USD Million)
12.3.2 Impact of COVID-19 on Market in Europe
Table 50 Europe: Impact of COVID-19 on Synchronous Condenser Market Size, 2018-2025 (USD Million)
Figure 40 Europe: COVID-19 Impact on Synchronous Condenser Market, 2018-2025 (USD Million)
12.3.3 Italy
12.3.3.1 Integrating Renewable Sources in Grid Systems is Expected to Boost Demand
Table 51 Italy: Synchronous Condenser Market Size, by Cooling Type, 2018-2025 (USD Million)
Table 52 Italy: Synchronous Condenser Market Size, by Starting Method, 2018-2025 (USD Million)
Table 53 Italy: Synchronous Condenser Market Size, by End-user, 2018-2025 (USD Million)
Table 54 Italy: Synchronous Condenser Market Size, by Reactive Power Rating (Mvar), 2018-2025 (USD Million)
Table 55 Italy: Synchronous Condenser Market Size, by Type, 2018-2025 (USD Million)
12.3.4 Germany
12.3.4.1 Government Initiatives to Replace Fossil Fuels and Nuclear Power Generation with Renewables are Likely to Accelerate Demand
Table 56 Germany: Synchronous Condenser Market Size, by Cooling Type, 2018-2025 (USD Million)
Table 57 Germany: Synchronous Condenser Market Size, by Starting Method, 2018-2025 (USD Million)
Table 58 Germany: Synchronous Condenser Market Size, by End-user, 2018-2025 (USD Million)
Table 59 Germany: Synchronous Condenser Market Size, by Reactive Power Rating (Mvar), 2018-2025 (USD Million)
Table 60 Germany: Synchronous Condenser Market Size, by Type, 2018-2025 (USD Million)
12.3.5 Norway
12.3.5.1 Growing Investments in Hvdc Network are Likely to Drive Demand
Table 61 Norway: Synchronous Condenser Market Size, by Cooling Type, 2018-2025 (USD Million)
Table 62 Norway: Synchronous Condenser Market Size, by Starting Method, 2018-2025 (USD Million)
Table 63 Norway: Synchronous Condenser Market Size, by End-user, 2018-2025 (USD Million)
Table 64 Norway: Synchronous Condenser Market Size, by Reactive Power Rating (Mvar), 2018-2025 (USD Million)
Table 65 Norway: Synchronous Condenser Market Size, by Type, 2018-2025 (USD Million)
12.3.6 Rest of Europe
Table 66 Rest of Europe: Synchronous Condenser Market Size, by Cooling Type, 2018-2025 (USD Million)
Table 67 Rest of Europe: Synchronous Condenser Market Size, by Starting Method, 2018-2025 (USD Million)
Table 68 Rest of Europe: Synchronous Condenser Market Size, by End-user, 2018-2025 (USD Million)
Table 69 Rest of Europe: Synchronous Condenser Market Size, by Reactive Power Rating (Mvar), 2018-2025 (USD Million)
Table 70 Rest of Europe: Synchronous Condenser Market Size, by Type, 2018-2025 (USD Million)
12.4 South America
12.4.1 Introduction
Table 71 South America: Synchronous Condenser Market Size, by Cooling Type, 2018-2025 (USD Million)
Table 72 South America: Synchronous Condenser Market Size, by Starting Method, 2018-2025 (USD Million)
Table 73 South America: Synchronous Condenser Market Size, by End-user, 2018-2025 (USD Million)
Table 74 South America: Synchronous Condenser Market Size, by Reactive Power Rating (Mvar), 2018-2025(USD Million)
Table 75 South America: Synchronous Condenser Market Size, by Type, 2018-2025 (USD Million)
Table 76 South America: Synchronous Condenser Market Size, by Country, 2018-2025 (USD Million)
12.4.2 Impact of COVID-19 on Market in South America
Table 77 South America: Impact of COVID-19 on Synchronous Condenser Market Size, 2018-2025 (USD Million)
Figure 41 South America: Impact of COVID-19 on Synchronous Condenser Market, 2018-2025 (USD Million)
12.4.3 Brazil
12.4.3.1 Surging Demand for Power Factor Correction Equipment is Likely to Drive Brazilian Synchronous Condenser Market
Table 78 Brazil: Synchronous Condenser Market Size, by Cooling Type, 2018-2025 (USD Million)
Table 79 Brazil: Synchronous Condenser Market Size, by Starting Method, 2018-2025 (USD Million)
Table 80 Brazil: Synchronous Condenser Market Size, by End-user, 2018-2025 (USD Million)
Table 81 Brazil: Synchronous Condenser Market Size, by Reactive Power Rating (Mvar), 2018-2025 (USD Million)
Table 82 Brazil: Synchronous Condenser Market Size, by Type, 2018-2025 (USD Million)
12.4.4 Rest of South America
Table 83 Rest of South America: Synchronous Condenser Market Size, by Cooling Type, 2018-2025 (USD Million)
Table 84 Rest of South America: Synchronous Condenser Market Size, by Starting Method, 2018-2025 (USD Million)
Table 85 Rest of South America: Synchronous Condenser Market Size, by End-user, 2018-2025 (USD Million)
Table 86 Rest of South America: Synchronous Condenser Market Size, by Reactive Power Rating (Mvar), 2018-2025 (USD Million)
Table 87 Rest of South America: Synchronous Condenser Market Size, by Type, 2018-2025 (USD Million)
12.5 Rest of the World (Row)
12.5.1 Introduction
Table 88 Rest of the World: Synchronous Condenser Market Size, by Cooling Type, 2018-2025 (USD Million)
Table 89 Rest of the World: Synchronous Condenser Market Size, by Starting Method, 2018-2025 (USD Million)
Table 90 Rest of the World: Synchronous Condenser Market Size, by End-user, 2018-2025 (USD Million)
Table 91 Rest of the World: Synchronous Condenser Market Size, by Reactive Power Rating (Mvar), 2018-2025 (USD Million)
Table 92 Rest of the World: Synchronous Condenser Market Size, by Type, 2018-2025 (USD Million)
Table 93 Rest of the World: Synchronous Condenser Market Size, by Country, 2018-2025 (USD Million)
12.5.2 Impact of COVID-19 on Market in Rest of the World
Table 94 Rest of the World: Impact of COVID-19 on Synchronous Condenser Market Size, 2018-2025 (USD Million)
Figure 42 Rest of the World: Impact of COVID-19 on Synchronous Condenser Market, 2018-2025 (USD Million)
12.5.3 Australia
Table 95 Australia: Synchronous Condenser Market Size, by Cooling Type, 2018-2025 (USD Million)
Table 96 Australia: Synchronous Condenser Market Size, by Starting Method, 2018-2025 (USD Million)
Table 97 Australia: Synchronous Condenser Market Size, by End-user, 2018-2025 (USD Million)
Table 98 Australia: Synchronous Condenser Market Size, by Reactive Power Rating (Mvar), 2018-2025 (USD Million)
Table 99 Australia: Synchronous Condenser Market Size, by Type, 2018-2025 (USD Million)
12.5.4 Other Countries of RoW
Table 100 Other Countries of RoW: Synchronous Condenser Market Size, by Cooling Type, 2018-2025 (USD Million)
Table 101 Other Countries of RoW: Synchronous Condenser Market Size, by Starting Method, 2018-2025 (USD Million)
Table 102 Other Countries of RoW: Synchronous Condenser Market Size, by End-user, 2018-2025 (USD Million)
Table 103 Other Countries of RoW: Synchronous Condenser Market Size, by Reactive Power Rating (Mvar), 2018-2025 (USD Million)
Table 104 Other Countries of RoW: Synchronous Condenser Market Size, by Type, 2018-2025 (USD Million)

13 Competitive Landscape
13.1 Overview
Figure 43 Key Developments in Synchronous Condenser Market During January 2016-November 2020
13.2 Market Share Analysis, 2019
Figure 44 Market Share Analysis, 2019
13.3 Market Evaluation Framework
Table 105 Market Evaluation Framework
13.4 Synchronous Condenser Revenue Analysis of Top 5 Market Players
Figure 45 Top 5 Players Have Dominated Market in Last 5 Years
13.5 Key Market Developments
13.5.1 Product Launches
13.5.2 Contracts & Agreements
13.5.3 Collaborations
13.5.4 Mergers & Acquisitions

14 Company Evaluation Quadrant and Company Profiles
14.1 Company Evaluation Quadrant Definitions and Methodology
14.1.1 Stars
14.1.2 Innovators
14.1.3 Pervasive
14.1.4 Emerging Companies
Figure 46 Synchronous Condenser Market Company Evaluation Quadrant, 2019
14.1.5 Product Footprint Analysis of Top Players
Figure 47 Product Footprint Analysis of Top Players in the Synchronous Condenser Market
14.2 Company Profiles
14.2.1 ABB
Figure 48 ABB: Company Snapshot
14.2.2 Siemens
Figure 49 Siemens: Company Snapshot
14.2.3 GE
Figure 50 GE: Company Snapshot
14.2.4 WEG
Figure 51 WEG: Company Snapshot
14.2.5 Eaton
Figure 52 Eaton: Company Snapshot
14.2.6 Andritz
Figure 53 Andritz: Company Snapshot
14.2.7 Ansaldo Energia
Figure 54 Ansaldo Energia: Company Snapshot
14.2.8 Fuji Electric
Figure 55 Fuji Electric: Company Snapshot
14.2.9 Voith Group
Figure 56 Voith Group: Company Snapshot
14.2.10 Bharat Heavy Electricals Limited (Bhel)
Figure 57 Bharat Heavy Electricals Limited (Bhel): Company Snapshot
14.2.11 Ideal Electric Power (Hyundai Ideal Electric Co.)
14.2.12 Sustainable Power Systems
14.2.13 Power Systems & Controls
14.2.14 Brush Group
14.2.15 Electromechanical Engineering Associates

15 Appendix
15.1 Insights of Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: The Subscription Portal
15.4 Available Customizations

Note: Product cover images may vary from those shown
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  • ABB
  • Andritz
  • Ansaldo Energia
  • Bharat Heavy Electricals Limited (Bhel)
  • Brush Group
  • Eaton
  • Electromechanical Engineering Associates
  • Fuji Electric
  • GE
  • Ideal Electric Power (Hyundai Ideal Electric Co.)
  • Power Systems & Controls
  • Siemens
  • Sustainable Power Systems
  • Voith Group
  • WEG
Note: Product cover images may vary from those shown
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