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Synchronous Condenser Market by Cooling Type (Hydrogen-Cooles, Air-Cooled, Water-Cooled), Type (New & Refurbished), Starting Method (Static Frequency Converter, Pony Motor), End-User, Reactive Power Rating and Region - Global Forecast to 2030

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    Report

  • 226 Pages
  • July 2022
  • Region: Global
  • Markets and Markets
  • ID: 5235751

North American Synchronous Condenser Market to Register Highest CAGR During Forecast Period

The global synchronous condenser market is projected to grow from USD 661 million in 2022 to USD 811 million by 2030, registering a CAGR of 2.6% during the review period. The developments in the power transmission and distribution networks to maintain grid operations and the increasing investments in expanding the renewable energy capacities are the key factors driving the growth of the synchronous condenser market.

New Synchronous Condenser: is expected to be the largest segment synchronous condenser market, by type

The type segment is categorized as New Synchronous Condenser and refurbished synchronous condenser. A new synchronous condenser is constructed with 2 or 4 poles (2-pole pair), which can be cooled with hydrogen, air, and water. With the globally expanding HVDC network, countries such as Canada, Brazil, and Italy have deployed new synchronous condensers for stabilizing and improving transmission systems’ stability and strength. Besides, they are also being deployed to control voltage fluctuations and provide reactive power support.

The hydrogen cooled synchronous condenser segment is expected to emerge as the fastest segment, by Cooling technology

The Synchronous Condenser market has been segmented into hydrogen cooled synchronous condenser, Air cooled synchronous condenser and Water cooled synchronous condenser. The hydrogen-cooled synchronous condenser uses gaseous hydrogen as a coolant because of its superior cooling properties. It exhibits low density, high specific heat, and high thermal conductivity features. The hydrogen-cooled synchronous condenser has 1.5 times higher heat transfer capability and 1/14th the density than its air-cooled counterpart, resulting in fewer friction losses and faster cooling. Hydrogen-cooled synchronous condensers can be operated at a higher load with the same temperature rise, and the windage loss is lower than air-cooled synchronous condensers.

North America is expected to account for the largest market size during the forecast period.

North America is expected to be the largest market during the forecast period. North America has aging power infrastructures, which may increase the risk of blackouts. Therefore, governments of different countries in this region are actively focusing on upgrading and replacing aging infrastructures to improve grid reliability and resilience and develop smart electricity networks. The North American power sector is currently facing challenges such as meeting energy-efficiency targets, compliance with federal carbon policies, and integrating various distributed generation sources in the grid.

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 1- 65%, Tier 2- 24%, and Tier 3- 11%
  • By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%
  • By Region: North America- 33%,Europe - 27%, South America-20 %,Asia Pacific- 12% Central America- 8% 

Note: Others include product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined based on their total revenues as of 2017. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The 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 ABB (Switzerland), Siemens (Germany), GE (US), Eaton (Ireland), Voith Group (Germany), Fuji Electric (Japan), and WEG (Brazil).

Research Coverage:

The report defines, describes, and forecasts the synchronous condenser market, Cooling Technology, Reactive Power Rating, Type, 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 an 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

1. The report identifies and addresses the key markets for synchronous condenser market, which would help cable manufacturers review the growth in demand.

2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges. 

3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

Table of Contents

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 Forecast Period
Figure 9 Static Frequency Converters to Lead Synchronous Condenser Market, by Starting Method, During Forecast Period
Figure 10 Above 200 Mvar Segment is Expected to Lead Synchronous Condenser Market, by Reactive Power Rating, During
Forecast Period
Figure 11 Electrical Utilities Are Expected to Lead Synchronous Condenser Market, by End-user, During Forecast Period
Figure 12 New Synchronous Condensers Are Expected to Lead Synchronous Condenser Market, by Type, During 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 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 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 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
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View)*
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
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.
15 Adjacent & Related Market
15.1 Shunt Reactor Market
15.1.1 Market Definition
15.1.2 Market Overview
Figure 58 Shunt Reactor Market, 2015-2022 (USD Million)
15.1.3 Shunt Reactor Market, by Type
15.1.3.1 Oil Immersed Shunt Reactors
Table 106 Oil-Immersed: Shunt Reactor Market Size, by Region, 2015-2022 (USD Million)
Table 107 North America: Oil-Immersed Shunt Reactor Market Size, by Country, 2015-2022 (USD Million)
Table 108 Europe: Oil-Immersed Shunt Reactor Market Size, by Country, 2015-2022 (USD Million)
Table 109 Asia-Pacific: Oil-Immersed Shunt Reactor Market Size, by Country, 2015-2022 (USD Million)
Table 110 South America: Oil-Immersed Shunt Reactor Market Size, by Country, 2015-2022 (USD Million)
Table 111 Middle East & Africa: Oil-Immersed Shunt Reactor Market Size, by Country, 2015-2022 USD Million)
15.1.3.2 Air-Core Shunt Reactors
Table 112 Air-Core: Shunt Reactor Market Size, by Region, 2015-2022 (USD Million)
Table 113 North America: Air-Core Shunt Reactor Market Size, by Country, 2015-2022 (USD Million)
Table 114 Europe: Air-Core Shunt Reactor Market Size, by Country, 2015-2022 (USD Million)
Table 115 Asia-Pacific: Air-Core Shunt Reactor Market Size, by Country, 2015-2022 (USD Million)
Table 116 South America: Air-Core Shunt Reactor Market Size, by Country, 2015-2022 (USD Million)
Table 117 Middle East & Africa: Air-Core Shunt Reactor Market Size, by Country, 2015-2022 (USD Million)
15.1.4 Shunt Reactor Market, by End-user
15.1.4.1 Electric Utilities
Table 118 Electric Utilities: Shunt Reactor Market Size, by Region, 2015-2022 (USD Million)
15.1.4.2 Industrial Verticals
Table 119 Industrial Verticals Market Size, by Region, 2015-2022 (USD Million)
15.1.5 Shunt Reactor Market, by Application
15.1.5.1 Variable Shunt Reactor
Table 120 Variable: Shunt Reactor Market Size, by Region, 2015-2022 (USD Million)
15.1.5.2 Fixed Shunt Reactor
Table 121 Fixed: Shunt Reactor Market Size, by Region, 2015-2022 (USD Million)
15.1.6 Shunt Reactor Market, by Region
15.1.6.1 Asia-Pacific
Table 122 Asia-Pacific: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
Table 123 Asia-Pacific: Shunt Reactor Market Size, by End-User, 2015-2022 (USD Million)
Table 124 Asia-Pacific: Shunt Reactor Market Size, by Application, 2015-2022 (USD Million)
Table 125 Asia-Pacific: Shunt Reactor Market Size, by Country, 2015-2022 (USD Million)
15.1.6.1.1 China
Table 126 China: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.1.2 India
Table 127 India: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.1.3 Australia
Table 128 Australia: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.1.4 Japan
Table 129 Japan: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.1.5 Rest of Asia-Pacific
Table 130 Rest of Asia-Pacific: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.2 North America
Table 131 North America: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
Table 132 North America: Shunt Reactor Market Size, by End-User, 2015-2022 (USD Million)
Table 133 North America: Shunt Reactor Market Size, by Application, 2015-2022 (USD Million)
Table 134 North America: Shunt Reactor Market Size, by Country, 2015-2022 (USD Million)
15.1.6.2.1 US
Table 135 US: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.2.2 Canada
Table 136 Canada: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.2.3 Mexico
Table 137 Mexico: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.3 Europe
Table 138 Europe: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
Table 139 Europe: Shunt Reactor Market Size, by End-User, 2015-2022 (USD Million)
Table 140 Europe: Shunt Reactor Market Size, by Application, 2015-2022 (USD Million)
Table 141 Europe: Shunt Reactor Market Size, by Country, 2015-2022 (USD Million)
15.1.6.3.1 Germany
Table 142 Germany: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.3.2 Russia
Table 143 Russia: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.3.3 UK
Table 144 UK: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.3.4 France
Table 145 France: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.3.5 Italy
Table 146 Italy: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.3.6 Sweden
Table 147 Sweden: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.3.7 Spain
Table 148 Spain: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.3.8 Rest of Europe
Table 149 Rest of Europe: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.4 Middle East & Africa
Table 150 Middle East & Africa: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
Table 151 Middle East & Africa: Shunt Reactor Market Size, by End-User, 2015-2022 (USD Million)
Table 152 Middle East & Africa: Shunt Reactor Market Size, by Application, 2015-2022 (USD Million)
Table 153 Middle East & Africa: Shunt Reactor Market Size, by Country, 2015-2022 (USD Million)
15.1.6.4.1 Saudi Arabia
Table 154 Saudi Arabia: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.4.2 South Africa
Table 155 South Africa: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.4.3 UAE
Table 156 UAE: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.4.4 Kuwait
Table 157 Kuwait: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.4.5 Qatar
Table 158 Qatar: Shunt Reactor Market Size, by Type, 2015-2022 (USD Thousand)
15.1.6.4.6 Algeria
Table 159 Algeria: Shunt Reactor Market Size, by Type, 2015-2022 (USD Thousand)
15.1.6.4.7 Nigeria
Table 160 Nigeria: Shunt Reactor Market Size, by Type, 2015-2022 (USD Thousand)
15.1.6.4.8 Rest of the Middle East & Africa
Table 161 Rest of the Middle East & Africa: Shunt Reactor Market Size, by Type, 2015-2022 (USD Thousand)
15.1.6.5 South America
Table 162 South America: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
Table 163 South America: Shunt Reactor Market Size, by End-User, 2015-2022 (USD Million)
Table 164 South America: Shunt Reactor Market Size, by Application, 2015-2022 (USD Million)
Table 165 South America: Shunt Reactor Market Size, by Country, 2015-2022 (USD Million)
15.1.6.5.1 Brazil
Table 166 Brazil: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.5.2 Argentina
Table 167 Argentina: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
15.1.6.5.3 Rest of South America
Table 168 Rest of South America: Shunt Reactor Market Size, by Type, 2015-2022 (USD Million)
16 Appendix
16.1 Insights of Industry Experts
16.2 Discussion Guide
16.3 Knowledge Store: The Subscription Portal
16.4 Available Customizations
16.5 Related Reports
16.6 Author Details

Executive Summary

Companies Mentioned

  • Abb
  • Andritz Group
  • Anhui Zhongdian (Zddq) Electric Co. Ltd.
  • Ansaldo Energia
  • Bharat Heavy Electricals Limited (Bhel)
  • Brush Group
  • Doosan Škoda Power
  • Eaton
  • Electromechanical Engineering Associates
  • Fuji Electric
  • GE
  • Hangzhou Jingcheng Electrical Equipment Co. Ltd.
  • Ideal Electric Power (Hyundai Ideal Electric Co.)
  • Ingeteam
  • Mitsubishi Heavy Industries
  • Power Systems & Controls
  • Shanghai Electric
  • Siemens Energy
  • Voith Group
  • WEG

Table Information