Global Synchronous Condenser Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Synchronous Condenser Market is presumed to reach the market size of nearly USD 3.15 Billion by 2032 from USD 1.98 Billion in 2023 with a CAGR of 5.31% under the study period 2024-2032.

Synchronous condensers are hybrid energy systems connected to an electric network for better grid stability. They may also be referred to as dynamic power factor correction systems. Synchronous condensers can absorb or produce reactive power on a transient basis, and hence they are used to stabilize the power grid against short circuits and other temporary fault conditions. They also help in the stabilization of transient sags and dips of milliseconds duration. They are best suited to control voltage on long transmission lines, networks with high penetration of power electronic devices, and increased risk of 'islanding' from the primary grid. The installation and operation of the condenser are identical to large electric motors and generators.

MARKET DYNAMICS

Power grid stability becoming a significant challenge in modern-day hybrid transmission lines and higher penetration of renewables are the main driving forces for this market's growth. The rising need to increase the efficiency of long power transmission lines will benefit market efficiency. Growing adoption of a novel hybrid solution consisting of a synchronous condenser associated with a static compensator to enhance grid resilience and performance will boost the market growth. The high demand for perfect energy solutions to increase AC grids' reliability, improve power quality, and boost transmission efficiency, especially for small, decentralized renewable power grids like solar, wind, and biogas plants, will be a market booster. This market's main barrier is the noisy nature of the synchronous condenser systems, which must rotate continuously.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Synchronous Condenser. The growth and trends of Synchronous Condenser industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Synchronous Condenser market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Cooling

Hydrogen Cooled
Air Cooled
Water Cooled

By Starting Method

Static Drive
Pony Motors
Others

By End User

Utility
Industrial

By Reactive Power Rating

<= 100 MVAr
> 100 MVAr to <= 200 MVAr
> 200 MVAr

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Synchronous Condenser market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Synchronous Condenser market include Ansaldo Energia, ABB, Dossan, Eaton, General Electric, Hitachi Energy Ltd., Mitsubishi Electric Power Products Inc., NIDEC Corporation, Power Systems & Controls Inc., Siemens Energy, Shanghai Electric, Toshiba Energy Systems & Solutions Corporation, WEG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR11214189

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. SYNCHRONOUS CONDENSER - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Cooling
- 3.7.2 Market Attractiveness Analysis By Starting Method
- 3.7.3 Market Attractiveness Analysis By End User
- 3.7.4 Market Attractiveness Analysis By Reactive Power Rating
- 3.7.5 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS BY COOLING

5.1. Overview By Cooling
5.2. Historical and Forecast Data Analysis By Cooling
5.3. Hydrogen Cooled Historic and Forecast Sales By Regions
5.4. Air Cooled Historic and Forecast Sales By Regions
5.5. Water Cooled Historic and Forecast Sales By Regions

6. GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS BY STARTING METHOD

6.1. Overview By Starting Method
6.2. Historical and Forecast Data Analysis By Starting Method
6.3. Static Drive Historic and Forecast Sales By Regions
6.4. Pony Motors Historic and Forecast Sales By Regions
6.5. Others Historic and Forecast Sales By Regions

7. GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS BY END USER

7.1. Overview By End User
7.2. Historical and Forecast Data Analysis By End User
7.3. Utility Historic and Forecast Sales By Regions
7.4. Industrial Historic and Forecast Sales By Regions

8. GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS BY REACTIVE POWER RATING

8.1. Overview By Reactive Power Rating
8.2. Historical and Forecast Data Analysis By Reactive Power Rating
8.3. <= 100 MVAr Historic and Forecast Sales By Regions
8.4. > 100 MVAr to <= 200 MVAr Historic and Forecast Sales By Regions
8.5. > 200 MVAr Historic and Forecast Sales By Regions

9. GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS BY GEOGRAPHY

9.1. Regional Outlook
9.2. Introduction
9.3. North America Sales Analysis
- 9.3.1 Overview, Historic and Forecast Data Sales Analysis
- 9.3.2 North America By Segment Sales Analysis
- 9.3.3 North America By Country Sales Analysis
- 9.3.4 United States Sales Analysis
- 9.3.5 Canada Sales Analysis
- 9.3.6 Mexico Sales Analysis
9.4. Europe Sales Analysis
- 9.4.1 Overview, Historic and Forecast Data Sales Analysis
- 9.4.2 Europe By Segment Sales Analysis
- 9.4.3 Europe By Country Sales Analysis
- 9.4.4 United Kingdom Sales Analysis
- 9.4.5 France Sales Analysis
- 9.4.6 Germany Sales Analysis
- 9.4.7 Italy Sales Analysis
- 9.4.8 Russia Sales Analysis
- 9.4.9 Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
- 9.5.1 Overview, Historic and Forecast Data Sales Analysis
- 9.5.2 Asia Pacific By Segment Sales Analysis
- 9.5.3 Asia Pacific By Country Sales Analysis
- 9.5.4 China Sales Analysis
- 9.5.5 India Sales Analysis
- 9.5.6 Japan Sales Analysis
- 9.5.7 South Korea Sales Analysis
- 9.5.8 Australia Sales Analysis
- 9.5.9 South East Asia Sales Analysis
- 9.5.10 Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
- 9.6.1 Overview, Historic and Forecast Data Sales Analysis
- 9.6.2 Latin America By Segment Sales Analysis
- 9.6.3 Latin America By Country Sales Analysis
- 9.6.4 Brazil Sales Analysis
- 9.6.5 Argentina Sales Analysis
- 9.6.6 Peru Sales Analysis
- 9.6.7 Chile Sales Analysis
- 9.6.8 Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
- 9.7.1 Overview, Historic and Forecast Data Sales Analysis
- 9.7.2 Middle East & Africa By Segment Sales Analysis
- 9.7.3 Middle East & Africa By Country Sales Analysis
- 9.7.4 Saudi Arabia Sales Analysis
- 9.7.5 UAE Sales Analysis
- 9.7.6 Israel Sales Analysis
- 9.7.7 South Africa Sales Analysis
- 9.7.8 Rest Of Middle East And Africa Sales Analysis

10. COMPETITIVE LANDSCAPE OF THE SYNCHRONOUS CONDENSER COMPANIES

10.1. Synchronous Condenser Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments

11. COMPANY PROFILES OF SYNCHRONOUS CONDENSER INDUSTRY

11.1. Top Companies Market Share Analysis
11.2. Market Concentration Rate
11.3. Ansaldo Energia
- 11.3.1 Company Overview
- 11.3.2 Company Revenue
- 11.3.3 Products
- 11.3.4 Recent Developments
11.4. ABB
- 11.4.1 Company Overview
- 11.4.2 Company Revenue
- 11.4.3 Products
- 11.4.4 Recent Developments
11.5. Dossan
- 11.5.1 Company Overview
- 11.5.2 Company Revenue
- 11.5.3 Products
- 11.5.4 Recent Developments
11.6. Eaton
- 11.6.1 Company Overview
- 11.6.2 Company Revenue
- 11.6.3 Products
- 11.6.4 Recent Developments
11.7. General Electric
- 11.7.1 Company Overview
- 11.7.2 Company Revenue
- 11.7.3 Products
- 11.7.4 Recent Developments
11.8. Hitachi Energy Ltd.
- 11.8.1 Company Overview
- 11.8.2 Company Revenue
- 11.8.3 Products
- 11.8.4 Recent Developments
11.9. Mitsubishi Electric Power Products Inc.
- 11.9.1 Company Overview
- 11.9.2 Company Revenue
- 11.9.3 Products
- 11.9.4 Recent Developments
11.10. NIDEC Corporation
- 11.10.1 Company Overview
- 11.10.2 Company Revenue
- 11.10.3 Products
- 11.10.4 Recent Developments
11.11. Power Systems & Controls Inc.
- 11.11.1 Company Overview
- 11.11.2 Company Revenue
- 11.11.3 Products
- 11.11.4 Recent Developments
11.12. Siemens Energy
- 11.12.1 Company Overview
- 11.12.2 Company Revenue
- 11.12.3 Products
- 11.12.4 Recent Developments
11.13. Shanghai Electric
- 11.13.1 Company Overview
- 11.13.2 Company Revenue
- 11.13.3 Products
- 11.13.4 Recent Developments
11.14. Toshiba Energy Systems & Solutions Corporation
- 11.14.1 Company Overview
- 11.14.2 Company Revenue
- 11.14.3 Products
- 11.14.4 Recent Developments
11.15. WEG
- 11.15.1 Company Overview
- 11.15.2 Company Revenue
- 11.15.3 Products
- 11.15.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies