APAC Synchronous Condenser Market - Industry Trends and Forecast to 2030
Market Report I 2023-06-01 I 151 Pages I Data Bridge Market Research
Asia-Pacific synchronous condenser market is expected to reach USD 958,152.78 thousand by 2030 from USD 692,809.60 thousand in 2022 with a CAGR of 4.2% in the forecast period from 2023 to 2030. The new market report contains data for the historic year 2021, the base year of calculation is 2022, and the forecast period is 2023 to 2030.
Market Segmentation:
Asia-Pacific Synchronous Condenser Market, By Cooling Technology (Hydrogen Cooled Synchronous Condenser, Air-Cooled Synchronous Condenser, and Water Cooled Synchronous Condenser), Starting Method (Static Frequency Convertor, Pony Motor, and Others), Reactive Power Rating (Above 200 MVAR, 101-200 MVAR, 61-100 MVAR, 31-60 MVAR, and 0-30 MVAR), End-User (Electrical Utilities and Industrial Sectors), Type (New Synchronous Condenser and Refurbished Synchronous Condenser), Design (Salient Pole Design and Cylindrical Rotor Design), No. of Poles (4 to 8, Less Than 4, and More Than 8), Excitation System Type (Static Excitation and Brushless Excitation System), Country (China, Japan, South Korea, India, Australia, Singapore, Indonesia, Thailand, Taiwan, Malaysia, Philippines, and Rest of Asia-Pacific) -- Industry Trends and Forecast to 2030
Overview of Asia-Pacific Synchronous Condenser Market Dynamics:
Driver:
- Rising demand for safe and secure electrical grid systems
Restraint:
- Stringent standards related to synchronous condenser
Opportunity:
- Increase in investments on R&D to develop efficient synchronous condenser
Market Players
Some of the major players operating in the Asia-Pacific synchronous condenser market are:
- Doosan Skoda Power
- General Electric
- Eaton
- ABB
- Ansaldo Energia
- WEG
- Siemens Energy
- IDEAL ELECTRIC POWER CO
- ANDRITZ
- Mitsubishi Electric Power Products, Inc.
- Power Systems & Controls, Inc.
- Baker Hughes Company
- Shanghai Electric
- INGETEAM, S.A.
- Hitachi Energy Ltd.
TABLE OF CONTENTS
1 INTRODUCTION 30
1.1 OBJECTIVES OF THE STUDY 30
1.2 MARKET DEFINITION 30
1.3 OVERVIEW OF THE ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET 30
1.4 CURRENCY AND PRICING 33
1.5 LIMITATIONS 33
1.6 MARKETS COVERED 33
2 MARKET SEGMENTATION 36
2.1 MARKETS COVERED 36
2.2 YEARS CONSIDERED FOR THE STUDY 37
2.3 GEOGRAPHIC SCOPE 38
2.4 DBMR TRIPOD DATA VALIDATION MODEL 39
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 42
2.6 DBMR MARKET POSITION GRID 43
2.7 VENDOR SHARE ANALYSIS 45
2.8 MULTIVARIATE MODELLING 46
2.9 COOLING TECHNOLOGY CURVE 47
2.10 MARKET END-USER COVERAGE GRID 48
2.11 SECONDARY SOURCES 49
2.12 ASSUMPTIONS 49
3 EXECUTIVE SUMMARY 50
4 PREMIUM INSIGHTS 53
5 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY 54
5.1 OVERVIEW 55
5.2 HYDROGEN COOLED SYNCHRONOUS CONDENSER 56
5.3 AIR-COOLED SYNCHRONOUS CONDENSER 57
5.4 WATER COOLED SYNCHRONOUS CONDENSER 57
6 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD 58
6.1 OVERVIEW 59
6.2 STATIC FREQUENCY CONVERTOR 60
6.3 PONY MOTOR 61
6.4 OTHERS 61
7 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING 62
7.1 OVERVIEW 63
7.2 ABOVE 200 MVAR 64
7.3 101-200 MVAR 65
7.4 61-100 MVAR 65
7.5 31-60 MVAR 66
7.6 0-30 MVAR 66
8 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY END USER 67
8.1 OVERVIEW 68
8.2 ELECTRICAL UTILITIES 69
8.3 INDUSTRIAL SECTORS 69
9 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY TYPE 70
9.1 OVERVIEW 71
9.2 NEW SYNCHRONOUS CONDENSER 72
9.3 REFURBISHED SYNCHRONOUS CONDENSER 72
10 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY DESIGN 73
10.1 OVERVIEW 74
10.2 SALIENT POLE DESIGN 75
10.3 CYLINDRICAL ROTOR DESIGN 75
11 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES 76
11.1 OVERVIEW 77
11.2 4 TO 8 78
11.3 LESS THAN 4 79
11.4 MORE THAN 8 79
12 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE 80
12.1 OVERVIEW 81
12.2 STATIC EXCITATION 82
12.3 BRUSHLESS EXCITATION SYSTEM 83
13 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY REGION 84
13.1 ASIA-PACIFIC 85
13.1.1 CHINA 93
13.1.2 JAPAN 95
13.1.3 INDIA 97
13.1.4 SOUTH KOREA 99
13.1.5 AUSTRALIA 101
13.1.6 SINGAPORE 103
13.1.7 INDONESIA 105
13.1.8 THAILAND 107
13.1.9 MALAYSIA 109
13.1.10 TAIWAN 111
13.1.11 PHILIPPINES 113
13.1.12 REST OF ASIA-PACIFIC 115
14 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, COMPANY LANDSCAPE 116
14.1 COMPANY SHARE ANALYSIS: ASIA PACIFIC 116
15 COMPANY PROFILE 117
15.1 GENERAL ELECTRIC 117
15.1.1 COMPANY SNAPSHOT 117
15.1.2 REVENUE ANALYSIS 117
15.1.3 COMPANY SHARE ANALYSIS 118
15.1.4 PRODUCT PORTFOLIO 118
15.1.5 RECENT DEVELOPMENTS 118
15.2 ABB 120
15.2.1 COMPANY SNAPSHOT 120
15.2.2 REVENUE ANALYSIS 120
15.2.3 COMPANY SHARE ANALYSIS 121
15.2.4 PRODUCT PORTFOLIO 121
15.2.5 RECENT DEVELOPMENTS 121
15.3 EATON 123
15.3.1 COMPANY SNAPSHOT 123
15.3.2 REVENUE ANALYSIS 124
15.3.3 COMPANY SHARE ANALYSIS 124
15.3.4 SERVICE PORTFOLIO 125
15.3.5 RECENT DEVELOPMENTS 125
15.4 BAKER HUGHES COMPANY 126
15.4.1 COMPANY SNAPSHOT 126
15.4.2 REVENUE ANALYSIS 126
15.4.3 COMPANY SHARE ANALYSIS 127
15.4.4 PRODUCT & SERVICES PORTFOLIO 127
15.4.5 RECENT DEVELOPMENTS 127
15.5 ANDRITZ 128
15.5.1 COMPANY SNAPSHOT 128
15.5.2 REVENUE ANALYSIS 128
15.5.3 COMPANY SHARE ANALYSIS 129
15.5.4 PRODUCT PORTFOLIO 129
15.5.5 RECENT DEVELOPMENTS 129
15.6 ANSALDO ENERGIA 130
15.6.1 COMPANY SNAPSHOT 130
15.6.2 REVENUE ANALYSIS 130
15.6.3 PRODUCT PORTFOLIO 131
15.6.4 RECENT DEVELOPMENTS 131
15.7 DOOSAN SKODA POWER 132
15.7.1 COMPANY SNAPSHOT 132
15.7.2 PRODUCT PORTFOLIO 132
15.7.3 RECENT DEVELOPMENTS 132
15.8 HITACHI ENERGY LTD 133
15.8.1 COMPANY SNAPSHOT 133
15.8.2 REVENUE ANALYSIS 134
15.8.3 PRODUCT PORTFOLIO 134
15.8.4 RECENT DEVELOPMENTS 135
15.9 IDEAL ELECTRIC POWER CO. 136
15.9.1 COMPANY SNAPSHOT 136
15.9.2 PRODUCT PORTFOLIO 136
15.9.3 RECENT DEVELOPMENT 136
15.10 INGETEAM 137
15.10.1 COMPANY SNAPSHOT 137
15.10.2 PRODUCT PORTFOLIO 137
15.10.3 RECENT DEVELOPMENT 137
15.11 MITSUBISHI ELECTRIC POWER PRODUCTS, INC. 138
15.11.1 COMPANY SNAPSHOT 138
15.11.2 REVENUE ANALYSIS 138
15.11.3 SOLUTION PORTFOLIO 139
15.11.4 RECENT DEVELOPMENT 139
15.12 POWER SYSTEMS & CONTROLS, INC. 140
15.12.1 COMPANY SNAPSHOT 140
15.12.2 PRODUCT PORTFOLIO 140
15.12.3 RECENT DEVELOPMENT 140
15.13 SHANGHAI ELECTRIC POWER GENERATION EQUIPMENT CO.,LTD. (A SUBSIDIARY OF SHANGHAI ELECTRIC) 141
15.13.1 COMPANY SNAPSHOT 141
15.13.2 REVENUE ANALYSIS 141
15.13.3 PRODUCT PORTFOLIO 142
15.13.4 RECENT DEVELOPMENTS 142
15.14 SIEMENS 143
15.14.1 COMPANY SNAPSHOT 143
15.14.2 REVENUE ANALYSIS 143
15.14.3 PRODUCT PORTFOLIO 144
15.14.4 RECENT DEVELOPMENTS 144
15.15 WEG 145
15.15.1 COMPANY SNAPSHOT 145
15.15.2 REVENUE ANALYSIS 145
15.15.3 PRODUCT PORTFOLIO 146
15.15.4 RECENT DEVELOPMENTS 146
16 QUESTIONNAIRE 147
17 RELATED REPORTS 151
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