The global synchronous condenser market was valued at US$ 507.64 million in 2019 and is projected to reach US$ 580.28 million by 2027; it is expected to grow at a CAGR of 1.68% from 2019 to 2027.
In the evolving technology landscape, companies are continuously striving to find solutions that could help them enhance overall business productivity, operational efficiency, consumer experience, and reduce the overall cost. Therefore, the demand for advanced application monitoring solutions such as synchronous condenser solutions is growing exponentially across various industries such as metal and mining, electrical utilities and grid operators, marine, and oil and gas. Existing and planned enhancements and extension of the worldwide high-voltage direct current (HVDC) network are expected to increase the demand for power factor correction devices, such as synchronous condensers, in different regions. High investments by key market players to build a strong HVDC network among major countries are fuelling the demand for synchronous condensers. For instance, Siemens received the contract for building the link between Great Britain and France. The HDVC link would offer power supply reliability across both the countries to promote integration of renewable energy sources in the power grids. Siemens would supply the two HVDC converter stations on both sides of the DC power line, which would be routed through the Channel Tunnel as a DC cable. Technological progress in HVDC transmission systems is expected to assist in minimizing wind and solar-based electricity transmission system operational problems, as the phase gap in the HVDC transmission line does not matter. Although traditional HVAC does not operate on this principle, transformers are required to fit the stage generated from a different source.
The sudden closedown of most of the industries due to the COVID-19 outbreak across the world has reduced the power demand, which is hindering the energy sector. The temporary closure of economic activities has also restricted the supply chain of all manufacturing goods, which has disrupted the manufacturing of synchronous condensers across the globe. Thus, the above-mentioned factors are restraining the growth of the market.
The synchronous condenser market is segmented on the basis of cooling type, reactive power rating, starting method, application, and geography. Based on cooling type, the market is segmented into air-cooled, hydrogen-cooled, and water-cooled. In 2019, the hydrogen-cooled segment held the largest share of the market. By reactive power rating, the market is segmented into up to 100 MVAr, 100–200 MVAr, and above 200 MVAr. The above 200 MVAr segment accounted for the largest market share in 2019. By starting method, the market is segmented into pony motor, static frequency converter, and others. In 2019, the static frequency converter segment held the largest market share. By application, the market is segmented into metal and mining, electrical utilities and grid operators, marine, oil and gas, and others. In 2019, the electrical utilities and grid operators segment held the largest share in the market. The synchronous condenser market, by geography, is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). In 2019, North America held the largest share of the market, followed by Europe and APAC. The market in APAC is projected to grow at the fastest CAGR during 2020–2027.
Overall size of the synchronous condenser market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the synchronous condenser market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultant such as valuation experts, research analysts, and key opinion leaders, specializing in the synchronous condenser market. ABB Ltd.; BRUSH Group; Eaton Corporation PLC; Fuji Electric Co., Ltd.; General Electric; Hyundai Idela Electric Co.; Mitsubishi Electric Corporation; Siemens AG; Voith GmBH; and WEG Electric Corp are among the players profiled during this market study.
In the evolving technology landscape, companies are continuously striving to find solutions that could help them enhance overall business productivity, operational efficiency, consumer experience, and reduce the overall cost. Therefore, the demand for advanced application monitoring solutions such as synchronous condenser solutions is growing exponentially across various industries such as metal and mining, electrical utilities and grid operators, marine, and oil and gas. Existing and planned enhancements and extension of the worldwide high-voltage direct current (HVDC) network are expected to increase the demand for power factor correction devices, such as synchronous condensers, in different regions. High investments by key market players to build a strong HVDC network among major countries are fuelling the demand for synchronous condensers. For instance, Siemens received the contract for building the link between Great Britain and France. The HDVC link would offer power supply reliability across both the countries to promote integration of renewable energy sources in the power grids. Siemens would supply the two HVDC converter stations on both sides of the DC power line, which would be routed through the Channel Tunnel as a DC cable. Technological progress in HVDC transmission systems is expected to assist in minimizing wind and solar-based electricity transmission system operational problems, as the phase gap in the HVDC transmission line does not matter. Although traditional HVAC does not operate on this principle, transformers are required to fit the stage generated from a different source.
The sudden closedown of most of the industries due to the COVID-19 outbreak across the world has reduced the power demand, which is hindering the energy sector. The temporary closure of economic activities has also restricted the supply chain of all manufacturing goods, which has disrupted the manufacturing of synchronous condensers across the globe. Thus, the above-mentioned factors are restraining the growth of the market.
The synchronous condenser market is segmented on the basis of cooling type, reactive power rating, starting method, application, and geography. Based on cooling type, the market is segmented into air-cooled, hydrogen-cooled, and water-cooled. In 2019, the hydrogen-cooled segment held the largest share of the market. By reactive power rating, the market is segmented into up to 100 MVAr, 100–200 MVAr, and above 200 MVAr. The above 200 MVAr segment accounted for the largest market share in 2019. By starting method, the market is segmented into pony motor, static frequency converter, and others. In 2019, the static frequency converter segment held the largest market share. By application, the market is segmented into metal and mining, electrical utilities and grid operators, marine, oil and gas, and others. In 2019, the electrical utilities and grid operators segment held the largest share in the market. The synchronous condenser market, by geography, is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). In 2019, North America held the largest share of the market, followed by Europe and APAC. The market in APAC is projected to grow at the fastest CAGR during 2020–2027.
Overall size of the synchronous condenser market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the synchronous condenser market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultant such as valuation experts, research analysts, and key opinion leaders, specializing in the synchronous condenser market. ABB Ltd.; BRUSH Group; Eaton Corporation PLC; Fuji Electric Co., Ltd.; General Electric; Hyundai Idela Electric Co.; Mitsubishi Electric Corporation; Siemens AG; Voith GmBH; and WEG Electric Corp are among the players profiled during this market study.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Synchronous Condenser Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia Pacific - PEST Analysis
4.2.4 Middle East and Africa - PEST Analysis
4.2.5 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Synchronous Condenser Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Renewable Power Generation
5.1.2 Growing Need for Power Factor Correction (Pfc)
5.2 Market Restraints
5.2.1 High Equipment and Maintenance Costs of Synchronous Condensers
5.3 Market Opportunities
5.3.1 Converting the existing synchronous generators into synchronous condensers
5.4 Future Trends
5.4.1 Expanding High-Voltage Direct Current (HVDC) Network
5.5 Impact Analysis of Drivers and Restraints
6. Synchronous Condenser Market - Global Market Analysis
6.1 Global Synchronous Condenser Market Overview
6.2 Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Five Key Players
7. Synchronous Condenser Market Analysis - By Cooling Type
7.1 Overview
7.2 Synchronous Condenser Market, By Cooling Type (2019 and 2027)
7.3 Air-Cooled
7.3.1 Overview
7.3.2 Air-Cooled: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
7.4 Hydrogen-Cooled
7.4.1 Overview
7.4.2 Hydrogen-Cooled: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
7.5 Water-Cooled
7.5.1 Overview
7.5.2 Water-Cooled: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
8. Synchronous Condenser Market Analysis - By Reactive Power Rating
8.1 Overview
8.2 Synchronous Condenser Market Breakdown, by Reactive Power Rating, 2019 & 2027
8.3 Up to 100 MVAr
8.3.1 Overview
8.3.2 Up to 100 MVAr Market Revenue and Forecast to 2027 (US$ Million)
8.4-200 MVAr
8.4.1 Overview
8.4.2-200 MVAr Market Revenue and Forecast to 2027 (US$ Million)
8.5 Above 200 MVAr
8.5.1 Overview
8.5.2 Above 200 MVAr Market Revenue and Forecast to 2027 (US$ Mn)
9. Synchronous Condenser Market Analysis - By Starting Method
9.1 Overview
9.2 Synchronous Condenser Market Breakdown, by Starting Method, 2019 & 2027
9.3 Pony Motor
9.3.1 Overview
9.3.2 Pony Motor Market Revenue and Forecast to 2027 (US$ Million)
9.4 Static Frequency Converter
9.4.1 Overview
9.4.2 Static Frequency Converter Market Revenue and Forecast to 2027 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others Market Revenue and Forecast to 2027 (US$ Mn)
10. Synchronous Condenser Market Analysis - By Application
10.1 Overview
10.2 Synchronous Condenser Market Breakdown, by Application, 2019 & 2027
10.3 Metal and Mining
10.3.1 Overview
10.3.2 Metal and Mining Market Revenue and Forecast to 2027 (US$ Million)
10.4 Electrical Utilities and Grid Operators
10.4.1 Overview
10.4.2 Electrical Utilities and Grid Operators Market Revenue and Forecast to 2027 (US$ Million)
10.5 Marine
10.5.1 Overview
10.5.2 Marine Market Revenue and Forecast to 2027 (US$ Mn)
10.6 Oil and Gas
10.6.1 Overview
10.6.2 Oil and Gas Market Revenue and Forecast to 2027 (US$ Mn)
10.7 Others
10.7.1 Overview
10.7.2 Others Market Revenue and Forecast to 2027 (US$ Mn)
11. Synchronous Condenser Market - Geographic Analysis
11.1 Overview
11.2 North America: Synchronous Condenser Market
11.2.1 North America: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.2.2 North America: Synchronous Condenser Market, by Cooling Type
11.2.2.1 North America: Synchronous Condenser Market, by Reactive Power Rating
11.2.3 North America: Synchronous Condenser Market, by Starting Method
11.2.4 North America: Synchronous Condenser Market, by Application
11.2.5 North America: Synchronous Condenser Market, by Key Country
11.2.5.1 US: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.2.5.1.1 US: Synchronous Condenser Market, by Cooling Type
11.2.5.1.1.1 US: Synchronous Condenser Market, by Reactive Power Rating
11.2.5.1.2 US: Synchronous Condenser Market, by Starting Method
11.2.5.1.3 US: Synchronous Condenser Market, by Application
11.2.5.2 Canada: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.2.5.2.1 Canada: Synchronous Condenser Market, by Cooling Type
11.2.5.2.1.1 Canada: Synchronous Condenser Market, by Reactive Power Rating
11.2.5.2.2 Canada: Synchronous Condenser Market, by Starting Method
11.2.5.2.3 Canada: Synchronous Condenser Market, by Application
11.2.5.3 Mexico: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.2.5.3.1 Mexico: Synchronous Condenser Market, by Cooling Type
11.2.5.3.1.1 Mexico: Synchronous Condenser Market, by Reactive Power Rating
11.2.5.3.2 Mexico: Synchronous Condenser Market, by Starting Method
11.2.5.3.3 Mexico: Synchronous Condenser Market, by Application
11.3 Europe: Synchronous Condenser Market
11.3.1 Europe: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.3.2 Europe: Synchronous Condenser Market, by Cooling Type
11.3.2.1 Europe: Synchronous Condenser Market, by Reactive Power Rating
11.3.3 Europe: Synchronous Condenser Market, by Starting Method
11.3.4 Europe: Synchronous Condenser Market, by Application
11.3.5 Europe: Synchronous Condenser Market, by Key Country
11.3.5.1 France: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.3.5.1.1 France: Synchronous Condenser Market, by Cooling Type
11.3.5.1.1.1 France: Synchronous Condenser Market, by Reactive Power Rating
11.3.5.1.2 France: Synchronous Condenser Market, by Starting Method
11.3.5.1.3 France: Synchronous Condenser Market, by Application
11.3.5.2 Germany: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.3.5.2.1 Germany: Synchronous Condenser Market, by Cooling Type
11.3.5.2.1.1 Germany: Synchronous Condenser Market, by Reactive Power Rating
11.3.5.2.2 Germany: Synchronous Condenser Market, by Starting Method
11.3.5.2.3 Germany: Synchronous Condenser Market, by Application
11.3.5.3 Italy: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.3.5.3.1 Italy: Synchronous Condenser Market, by Cooling Type
11.3.5.3.1.1 Italy: Synchronous Condenser Market, by Reactive Power Rating
11.3.5.3.2 Italy: Synchronous Condenser Market, by Starting Method
11.3.5.3.3 Italy: Synchronous Condenser Market, by Application
11.3.5.4 UK: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.3.5.4.1 UK: Synchronous Condenser Market, by Cooling Type
11.3.5.4.1.1 UK: Synchronous Condenser Market, by Reactive Power Rating
11.3.5.4.2 UK: Synchronous Condenser Market, by Starting Method
11.3.5.4.3 UK: Synchronous Condenser Market, by Application
11.3.5.5 Russia: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.3.5.5.1 Russia: Synchronous Condenser Market, by Cooling Type
11.3.5.5.1.1 Russia: Synchronous Condenser Market, by Reactive Power Rating
11.3.5.5.2 Russia: Synchronous Condenser Market, by Starting Method
11.3.5.5.3 Russia: Synchronous Condenser Market, by Application
11.3.5.6 Rest of Europe: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.3.5.6.1 Rest of Europe: Synchronous Condenser Market, by Cooling Type
11.3.5.6.1.1 Rest of Europe: Synchronous Condenser Market, by Reactive Power Rating
11.3.5.6.2 Rest of Europe: Synchronous Condenser Market, by Starting Method
11.3.5.6.3 Rest of Europe: Synchronous Condenser Market, by Application
11.4 APAC: Synchronous Condenser Market
11.4.1 APAC: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.4.2 APAC: Synchronous Condenser Market, by Cooling Type
11.4.2.1 APAC: Synchronous Condenser Market, by Reactive Power Rating
11.4.3 APAC: Synchronous Condenser Market, by Starting Method
11.4.4 APAC: Synchronous Condenser Market, by Application
11.4.5 APAC: Synchronous Condenser Market, by Key Country
11.4.5.1 Australia: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.4.5.1.1 Australia: Synchronous Condenser Market, by Cooling Type
11.4.5.1.1.1 Australia: Synchronous Condenser Market, by Reactive Power Rating
11.4.5.1.2 Australia: Synchronous Condenser Market, by Starting Method
11.4.5.1.3 Australia: Synchronous Condenser Market, by Application
11.4.5.2 China: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.4.5.2.1 China: Synchronous Condenser Market, by Cooling Type
11.4.5.2.1.1 China: Synchronous Condenser Market, by Reactive Power Rating
11.4.5.2.2 China: Synchronous Condenser Market, by Starting Method
11.4.5.2.3 China: Synchronous Condenser Market, by Application
11.4.5.3 India: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.4.5.3.1 India: Synchronous Condenser Market, by Cooling Type
11.4.5.3.1.1 India: Synchronous Condenser Market, by Reactive Power Rating
11.4.5.3.2 India: Synchronous Condenser Market, by Starting Method
11.4.5.3.3 India: Synchronous Condenser Market, by Application
11.4.5.4 Japan: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.4.5.4.1 Japan: Synchronous Condenser Market, by Cooling Type
11.4.5.4.1.1 Japan: Synchronous Condenser Market, by Reactive Power Rating
11.4.5.4.2 Japan: Synchronous Condenser Market, by Starting Method
11.4.5.4.3 Japan: Synchronous Condenser Market, by Application
11.4.5.5 South Korea: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.4.5.5.1 South Korea: Synchronous Condenser Market, by Cooling Type
11.4.5.5.1.1 South Korea: Synchronous Condenser Market, by Reactive Power Rating
11.4.5.5.2 South Korea: Synchronous Condenser Market, by Starting Method
11.4.5.5.3 South Korea: Synchronous Condenser Market, by Application
11.4.5.6 Rest of APAC: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.4.5.6.1 Rest of APAC: Synchronous Condenser Market, by Cooling Type
11.4.5.6.1.1 Rest of APAC: Synchronous Condenser Market, by Reactive Power Rating
11.4.5.6.2 Rest of APAC: Synchronous Condenser Market, by Starting Method
11.4.5.6.3 Rest of APAC: Synchronous Condenser Market, by Application
11.5 MEA: Synchronous Condenser Market
11.5.1 MEA: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.5.2 MEA: Synchronous Condenser Market, by Cooling Type
11.5.2.1 MEA: Synchronous Condenser Market, by Reactive Power Rating
11.5.3 MEA: Synchronous Condenser Market, by Starting Method
11.5.4 MEA: Synchronous Condenser Market, by Application
11.5.5 MEA: Synchronous Condenser Market, by Key Country
11.5.5.1 South Africa: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.5.5.1.1 South Africa: Synchronous Condenser Market, by Cooling Type
11.5.5.1.1.1 South Africa: Synchronous Condenser Market, by Reactive Power Rating
11.5.5.1.2 South Africa: Synchronous Condenser Market, by Starting Method
11.5.5.1.3 South Africa: Synchronous Condenser Market, by Application
11.5.5.2 Saudi Arabia: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.5.5.2.1 Saudi Arabia: Synchronous Condenser Market, by Cooling Type
11.5.5.2.1.1 Saudi Arabia: Synchronous Condenser Market, by Reactive Power Rating
11.5.5.2.2 Saudi Arabia: Synchronous Condenser Market, by Starting Method
11.5.5.2.3 Saudi Arabia: Synchronous Condenser Market, by Application
11.5.5.3 UAE: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.5.5.3.1 UAE: Synchronous Condenser Market, by Cooling Type
11.5.5.3.1.1 UAE: Synchronous Condenser Market, by Reactive Power Rating
11.5.5.3.2 UAE: Synchronous Condenser Market, by Starting Method
11.5.5.3.3 UAE: Synchronous Condenser Market, by Application
11.5.5.4 Rest of MEA: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.5.5.4.1 Rest of MEA: Synchronous Condenser Market, by Cooling Type
11.5.5.4.1.1 Rest of MEA: Synchronous Condenser Market, by Reactive Power Rating
11.5.5.4.2 Rest of MEA: Synchronous Condenser Market, by Starting Method
11.5.5.4.3 Rest of MEA: Synchronous Condenser Market, by Application
11.6 SAM: Synchronous Condenser Market
11.6.1 SAM: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.6.2 SAM: Synchronous Condenser Market, by Cooling Type
11.6.2.1 SAM: Synchronous Condenser Market, by Reactive Power Rating
11.6.3 SAM: Synchronous Condenser Market, by Starting Method
11.6.4 SAM: Synchronous Condenser Market, by Application
11.6.5 SAM: Synchronous Condenser Market, by Key Country
11.6.5.1 Brazil: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.6.5.1.1 Brazil: Synchronous Condenser Market, by Cooling Type
11.6.5.1.1.1 Brazil: Synchronous Condenser Market, by Reactive Power Rating
11.6.5.1.2 Brazil: Synchronous Condenser Market, by Starting Method
11.6.5.1.3 Brazil: Synchronous Condenser Market, by Application
11.6.5.2 Argentina: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.6.5.2.1 Argentina: Synchronous Condenser Market, by Cooling Type
11.6.5.2.1.1 Argentina: Synchronous Condenser Market, by Reactive Power Rating
11.6.5.2.2 Argentina: Synchronous Condenser Market, by Starting Method
11.6.5.2.3 Argentina: Synchronous Condenser Market, by Application
11.6.5.3 Rest of SAM: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
11.6.5.3.1 Rest of SAM: Synchronous Condenser Market, by Cooling Type
11.6.5.3.1.1 Rest of SAM: Synchronous Condenser Market, by Reactive Power Rating
11.6.5.3.2 Rest of SAM: Synchronous Condenser Market, by Starting Method
11.6.5.3.3 Rest of SAM: Synchronous Condenser Market, by Application
12. Impact of COVID-19 Pandemic on Global Synchronous Condenser Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
12.2 Europe: Impact Assessment of COVID-19 Pandemic
12.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12.5 South America Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 ABB Ltd.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Brush Group
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Eaton Corporation plc
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 FUJI ELECTRIC CO., LTD.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 General Electric Company
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 IDEAL ELECTRIC POWER CO.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Mitsubishi Electric Power Products, Inc. (Mitsubishi Electric Corporation)
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Siemens AG (Siemens Energy)
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Voith GmbH & Co. KGaA
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 WEG ELECTRIC CORP.
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About the Publisher
15.2 Word Index
List of Tables
Table 1. Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Table 2. North America: Synchronous Condenser Market, by Cooling Type - Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Synchronous Condenser Market, by Reactive Power Rating - Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Synchronous Condenser Market, by Starting Method - Revenue and Forecast to 2027 (US$ Million)
Table 5. North America: Synchronous Condenser Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 6. US: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 7. US: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 8. US: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 9. US: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 10. Canada: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 11. Canada: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 12. Canada: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 13. Canada: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 14. Mexico: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 15. Mexico: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 16. Mexico: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 17. Mexico: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 18. Europe: Synchronous Condenser Market, by Cooling Type - Revenue and Forecast to 2027 (US$ Million)
Table 19. Europe: Synchronous Condenser Market, by Reactive Power Rating- Revenue and Forecast to 2027 (US$ Million)
Table 20. Europe: Synchronous Condenser Market, by Starting Method - Revenue and Forecast to 2027 (US$ Million)
Table 21. Europe: Synchronous Condenser Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 22. France: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 23. France: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 24. France: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 25. France: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 26. Germany: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 27. Germany: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 28. Germany: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 29. Germany: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 30. Italy: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 31. Italy: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 32. Italy: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 33. Italy: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 34. UK: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 35. UK: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 36. UK: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 37. UK: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 38. Russia: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 39. Russia: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 40. Russia: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 41. Russia: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 42. Rest of Europe: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 43. Rest of Europe: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 44. Rest of Europe: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 45. Rest of Europe: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 46. APAC: Synchronous Condenser Market, by Cooling Type - Revenue and Forecast to 2027 (US$ Million)
Table 47. APAC: Synchronous Condenser Market, by Reactive Power Rating- Revenue and Forecast to 2027 (US$ Million)
Table 48. APAC: Synchronous Condenser Market, by Starting Method - Revenue and Forecast to 2027 (US$ Million)
Table 49. APAC: Synchronous Condenser Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 50. Australia: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 51. Australia: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 52. Australia: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 53. Australia: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 54. China: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 55. China: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 56. China: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 57. China: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 58. India: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 59. India: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 60. India: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 61. India: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 62. Japan: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 63. Japan: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 64. Japan: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 65. Japan: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 66. South Korea: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 67. South Korea: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 68. South Korea: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 69. South Korea: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 70. Rest of APAC: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 71. Rest of APAC: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 72. Rest of APAC: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 73. Rest of APAC: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 74. MEA: Synchronous Condenser Market, by Cooling Type- Revenue and Forecast to 2027 (US$ Million)
Table 75. MEA: Synchronous Condenser Market, by Reactive Power Rating- Revenue and Forecast to 2027 (US$ Million)
Table 76. MEA: Synchronous Condenser Market, by Starting Method - Revenue and Forecast to 2027 (US$ Million)
Table 77. MEA: Synchronous Condenser Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 78. South Africa: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 79. South Africa: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 80. South Africa: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 81. South Africa: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 82. Saudi Arabia: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 83. Saudi Arabia: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 84. Saudi Arabia: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 85. Saudi Arabia: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 86. UAE: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 87. UAE: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 88. UAE: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 89. UAE: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 90. Rest of MEA: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 91. Rest of MEA: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 92. Rest of MEA: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 93. Rest of MEA: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 94. SAM: Synchronous Condenser Market, by Cooling Type - Revenue and Forecast to 2027 (US$ Million)
Table 95. SAM: Synchronous Condenser Market, by Reactive Power Rating - Revenue and Forecast to 2027 (US$ Million)
Table 96. SAM: Synchronous Condenser Market, by Starting Method - Revenue and Forecast to 2027 (US$ Million)
Table 97. SAM: Synchronous Condenser Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 98. Brazil: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 99. Brazil: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 100. Brazil: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 101. Brazil: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 102. Argentina: Synchronous Condenser Market, by Cooling Type -Revenue and Forecast to 2027 (US$ Million)
Table 103. Argentina: Synchronous Condenser Market, by Reactive Power Rating -Revenue and Forecast to 2027 (US$ Million)
Table 104. Argentina: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 105. Argentina: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 106. Rest of SAM: Synchronous Condenser Market, by Cooling Type-Revenue and Forecast to 2027 (US$ Million)
Table 107. Rest of SAM: Synchronous Condenser Market, by Reactive Power Rating-Revenue and Forecast to 2027 (US$ Million)
Table 108. Rest of SAM: Synchronous Condenser Market, by Starting Method -Revenue and Forecast to 2027 (US$ Million)
Table 109. Rest of SAM: Synchronous Condenser Market, by Application -Revenue and Forecast to 2027 (US$ Million)
Table 110. List of AbbreviationList of Figures
Figure 1. Synchronous Condenser Market Segmentation
Figure 2. Synchronous Condenser Market Segmentation - By Geography
Figure 3. Global Synchronous Condenser Market Overview
Figure 4. Hydrogen-cooled Segment to Show Remarkable Traction During Forecast Period
Figure 5. Above 200 MVAr Segment to Show Remarkable Growth During Forecast Period
Figure 6. Static frequency converter Segment to Show Remarkable Growth During Forecast Period
Figure 7. Electrical Utilities and Grid Operators Segment to Show Remarkable Growth During Forecast Period
Figure 8. APAC Held Largest Share of Global Synchronous Condenser Market
Figure 9. North America - PEST Analysis
Figure 10. Europe - PEST Analysis
Figure 11. Asia Pacific - PEST Analysis
Figure 12. Middle East and Africa - PEST Analysis
Figure 13. SAM - PEST Analysis
Figure 14. Ecosystem Analysis
Figure 15. Expert Opinion
Figure 16. Synchronous Condenser Market Impact Analysis of Drivers And Restraints
Figure 17. Geographic Overview of Synchronous Condenser Market
Figure 18. Synchronous Condenser Market - Revenue and Forecast To 2027 (US$ Million)
Figure 19. Synchronous Condenser Market Revenue Share, by Cooling Type (2019 and 2027)
Figure 20. Air-Cooled: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 21. Hydrogen-Cooled: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 22. Water-Cooled: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 23. Electronic Filter Market Breakdown, by Application (2019 and 2027)
Figure 24. Up to 100 MVAr Market Revenue and Forecast to 2027(US$ Million)
Figure 25.-200 MVAr Market Revenue and Forecast to 2027(US$ Million)
Figure 26. Above 200 MVAr Market Revenue and Forecast to 2027(US$ Mn)
Figure 27. Electronic Filter Market Breakdown, by Application (2019 and 2027)
Figure 28. Pony Motor Market Revenue and Forecast to 2027(US$ Million)
Figure 29. Static Frequency Converter Market Revenue and Forecast to 2027(US$ Million)
Figure 30. Others Market Revenue and Forecast to 2027(US$ Mn)
Figure 31. Electronic Filter Market Breakdown, by Application (2019 and 2027)
Figure 32. Metal and Mining Market Revenue and Forecast to 2027(US$ Million)
Figure 33. Electrical Utilities and Grid Operators Market Revenue and Forecast to 2027(US$ Million)
Figure 34. Marine Market Revenue and Forecast to 2027(US$ Mn)
Figure 35. Oil and Gas Market Revenue and Forecast to 2027(US$ Mn)
Figure 36. Others Market Revenue and Forecast to 2027(US$ Mn)
Figure 37. Synchronous Condenser Market Revenue Share, By Region (2019 and 2027)
Figure 38. North America: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 39. North America: Synchronous Condenser Market Revenue Share, By Cooling Type (2019 and 2027)
Figure 40. North America: Synchronous Condenser Market Revenue Share, By Reactive Power Rating (2019 and 2027)
Figure 41. North America: Synchronous Condenser Market Revenue Share, By Starting Method (2019 and 2027)
Figure 42. North America: Synchronous Condenser Market Revenue Share, By Application (2019 and 2027)
Figure 43. North America: Synchronous Condenser Market Revenue Share, By Key Country (2019 and 2027)
Figure 44. US: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 45. Canada: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 46. Mexico: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 47. Europe: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 48. Europe: Synchronous Condenser Market Revenue Share, By Cooling Type (2019 and 2027)
Figure 49. Europe: Synchronous Condenser Market Revenue Share, By Reactive Power Rating (2019 and 2027)
Figure 50. Europe: Synchronous Condenser Market Revenue Share, By Starting Method (2019 and 2027)
Figure 51. Europe: Synchronous Condenser Market Revenue Share, By Application (2019 and 2027)
Figure 52. Europe: Synchronous Condenser Market Revenue Share, By Key Country (2019 and 2027)
Figure 53. France: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 54. Germany: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 55. Italy: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 56. UK: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 57. Russia: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 58. Rest of Europe: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 59. APAC: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 60. APAC: Synchronous Condenser Market Revenue Share, By Cooling Type (2019 and 2027)
Figure 61. APAC: Synchronous Condenser Market Revenue Share, By Reactive Power Rating (2019 and 2027)
Figure 62. APAC: Synchronous Condenser Market Revenue Share, By Starting Method (2019 and 2027)
Figure 63. APAC: Synchronous Condenser Market Revenue Share, By Application (2019 and 2027)
Figure 64. APAC: Synchronous Condenser Market Revenue Share, By Key Country (2019 and 2027)
Figure 65. Australia: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 66. China: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 67. India: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 68. Japan: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 69. South Korea: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 70. Rest of APAC: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 71. MEA: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 72. MEA: Synchronous Condenser Market Revenue Share, By Cooling Type (2019 and 2027)
Figure 73. MEA: Synchronous Condenser Market Revenue Share, By Reactive Power Rating (2019 and 2027)
Figure 74. MEA: Synchronous Condenser Market Revenue Share, By Starting Method (2019 and 2027)
Figure 75. MEA: Synchronous Condenser Market Revenue Share, By Application (2019 and 2027)
Figure 76. MEA: Synchronous Condenser Market Revenue Share, By Key Country (2019 and 2027)
Figure 77. South Africa: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 78. Saudi Arabia: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 79. UAE: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 80. Rest of MEA: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 81. SAM: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 82. SAM: Synchronous Condenser Market Revenue Share, By Cooling Type (2019 and 2027)
Figure 83. SAM: Synchronous Condenser Market Revenue Share, By Reactive Power Rating (2019 and 2027)
Figure 84. SAM: Synchronous Condenser Market Revenue Share, By Starting Method (2019 and 2027)
Figure 85. SAM: Synchronous Condenser Market Revenue Share, By Application (2019 and 2027)
Figure 86. SAM: Synchronous Condenser Market Revenue Share, By Key Country (2019 and 2027)
Figure 87. Brazil: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 88. Argentina: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 89. Rest of SAM: Synchronous Condenser Market - Revenue and Forecast to 2027 (US$ Million)
Figure 90. Impact of COVID-19 Pandemic in North American Country Markets
Figure 91. Impact of COVID-19 Pandemic in European Country Markets
Figure 92. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 93. Impact of COVID-19 Pandemic in Middle East And Africa Country Markets
Figure 94. Impact of COVID-19 Pandemic In South America Country Markets
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- BRUSH Group
- Eaton Corporation PLC
- Fuji Electric Co., Ltd.
- General Electric
- Hyundai Idela Electric Co.
- Mitsubishi Electric Corporation
- Siemens AG
- Voith GmBH
- WEG Electric Corp.
Table Information
| Report Attribute | Details |
|---|---|
| Published | January 2021 |
| Forecast Period | 2019 - 2027 |
| Estimated Market Value ( USD | $ 507.64 Million |
| Forecasted Market Value ( USD | $ 580.28 Million |
| Compound Annual Growth Rate | 1.6% |
| Regions Covered | Global |
