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Report
Global Synchronous Condenser Market - Industry Trends and Forecast to 2030
Market Report I 2023-06-01 I 268 Pages I Data Bridge Market Research
Global synchronous condenser market is expected to reach USD 3,446,810.89 thousand by 2030 from USD 2,552,725.13 thousand in 2022, with a CAGR of 3.8% 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:
Global 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 (U.S., Canada, Mexico, China, Japan, South Korea, India, Australia, Singapore, Indonesia, Thailand, Taiwan, Malaysia, Philippines, Rest of Asia-Pacific, Germany, U.K., France, Italy, Netherlands, Spain, Switzerland, Russia, Turkey, Belgium, Poland, Finland, Norway, Rest of Europe, U.A.E., Saudi Arabia, Israel, Qatar, Egypt, Kuwait, South Africa, Oman, Bahrain, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2030
Overview of Global Synchronous Condenser Market Dynamics:
Driver:
- Increasing demand for clean energy sources
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 global 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 31
1.1 OBJECTIVES OF THE STUDY 31
1.2 MARKET DEFINITION 31
1.3 OVERVIEW OF THE GLOBAL SYNCHRONOUS CONDENSER MARKET 31
1.4 CURRENCY AND PRICING 34
1.5 LIMITATIONS 34
1.6 MARKETS COVERED 34
2 MARKET SEGMENTATION 37
2.1 MARKETS COVERED 37
2.2 YEARS CONSIDERED FOR THE STUDY 38
2.3 GEOGRAPHIC SCOPE 39
2.4 DBMR TRIPOD DATA VALIDATION MODEL 40
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 43
2.6 DBMR MARKET POSITION GRID 44
2.7 VENDOR SHARE ANALYSIS 46
2.8 MULTIVARIATE MODELLING 47
2.9 COOLING TECHNOLOGY CURVE 48
2.10 MARKET END-USER COVERAGE GRID 49
2.11 SECONDARY SOURCES 50
2.12 ASSUMPTIONS 50
3 EXECUTIVE SUMMARY 51
4 PREMIUM INSIGHTS 56
5 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY 57
5.1 OVERVIEW 58
5.2 HYDROGEN COOLED SYNCHRONOUS CONDENSER 59
5.3 AIR-COOLED SYNCHRONOUS CONDENSER 60
5.4 WATER COOLED SYNCHRONOUS CONDENSER 60
6 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD 61
6.1 OVERVIEW 62
6.2 STATIC FREQUENCY CONVERTOR 63
6.3 PONY MOTOR 64
6.4 OTHERS 64
7 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING 65
7.1 OVERVIEW 66
7.2 ABOVE 200 MVAR 67
7.3 101-200 MVAR 68
7.4 61-100 MVAR 68
7.5 31-60 MVAR 69
7.6 0-30 MVAR 69
8 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY END USER 70
8.1 OVERVIEW 71
8.2 ELECTRICAL UTILITIES 72
8.3 INDUSTRIAL SECTORS 72
9 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY TYPE 73
9.1 OVERVIEW 74
9.2 NEW SYNCHRONOUS CONDENSER 75
9.3 REFURBISHED SYNCHRONOUS CONDENSER 75
10 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY DESIGN 76
10.1 OVERVIEW 77
10.2 SALIENT POLE DESIGN 78
10.3 CYLINDRICAL ROTOR DESIGN 78
11 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES 79
11.1 OVERVIEW 80
11.2 4 TO 8 81
11.3 LESS THAN 4 82
11.4 MORE THAN 8 82
12 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE 83
12.1 OVERVIEW 84
12.2 STATIC EXCITATION 85
12.3 BRUSHLESS EXCITATION SYSTEM 86
13 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REGION 87
13.1 OVERVIEW 88
13.2 NORTH AMERICA 94
13.2.1 U.S. 102
13.2.2 CANADA 105
13.2.3 MEXICO 108
13.3 EUROPE 111
13.3.1 GERMANY 119
13.3.2 U.K. 122
13.3.3 ITALY 125
13.3.4 FRANCE 128
13.3.5 SPAIN 131
13.3.6 RUSSIA 134
13.3.7 TURKEY 137
13.3.8 NETHERLANDS 140
13.3.9 BELGIUM 143
13.3.10 FINLAND 146
13.3.11 NORWAY 149
13.3.12 SWITZERLAND 152
13.3.13 REST OF EUROPE 155
13.4 ASIA-PACIFIC 156
13.4.1 CHINA 164
13.4.2 JAPAN 166
13.4.3 INDIA 168
13.4.4 SOUTH KOREA 170
13.4.5 AUSTRALIA 172
13.4.6 SINGAPORE 174
13.4.7 INDONESIA 176
13.4.8 THAILAND 178
13.4.9 MALAYSIA 180
13.4.10 TAIWAN 182
13.4.11 PHILIPPINES 184
13.4.12 REST OF ASIA-PACIFIC 186
13.5 MIDDLE EAST AND AFRICA 187
13.5.1 U.A.E 195
13.5.2 SAUDI ARABIA 197
13.5.3 EGYPT 199
13.5.4 SOUTH AFRICA 201
13.5.5 ISRAEL 204
13.5.6 QATAR 206
13.5.7 OMAN 208
13.5.8 BAHRAIN 210
13.5.9 KUWAIT 212
13.5.10 REST OF MIDDLE EAST AND AFRICA 214
13.6 SOUTH AMERICA 215
13.6.1 BRAZIL 223
13.6.2 ARGENTINA 226
13.6.3 REST OF SOUTH AMERICA 229
14 GLOBAL SYNCHRONOUS CONDENSER MARKET, COMPANY LANDSCAPE 230
14.1 COMPANY SHARE ANALYSIS: GLOBAL 230
14.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 231
14.3 COMPANY SHARE ANALYSIS: EUROPE 232
14.4 COMPANY SHARE ANALYSIS: ASIA PACIFIC 233
15 COMPANY PROFILE 234
15.1 GENERAL ELECTRIC 234
15.1.1 COMPANY SNAPSHOT 234
15.1.2 REVENUE ANALYSIS 234
15.1.3 COMPANY SHARE ANALYSIS 235
15.1.4 PRODUCT PORTFOLIO 235
15.1.5 RECENT DEVELOPMENTS 235
15.2 ABB 237
15.2.1 COMPANY SNAPSHOT 237
15.2.2 REVENUE ANALYSIS 237
15.2.3 COMPANY SHARE ANALYSIS 238
15.2.4 PRODUCT PORTFOLIO 238
15.2.5 RECENT DEVELOPMENTS 238
15.3 EATON 240
15.3.1 COMPANY SNAPSHOT 240
15.3.2 REVENUE ANALYSIS 241
15.3.3 COMPANY SHARE ANALYSIS 241
15.3.4 SERVICE PORTFOLIO 242
15.3.5 RECENT DEVELOPMENTS 242
15.4 BAKER HUGHES COMPANY 243
15.4.1 COMPANY SNAPSHOT 243
15.4.2 REVENUE ANALYSIS 243
15.4.3 COMPANY SHARE ANALYSIS 244
15.4.4 PRODUCT & SERVICES PORTFOLIO 244
15.4.5 RECENT DEVELOPMENTS 244
15.5 ANDRITZ 245
15.5.1 COMPANY SNAPSHOT 245
15.5.2 REVENUE ANALYSIS 245
15.5.3 COMPANY SHARE ANALYSIS 246
15.5.4 PRODUCT PORTFOLIO 246
15.5.5 RECENT DEVELOPMENTS 246
15.6 ANSALDO ENERGIA 247
15.6.1 COMPANY SNAPSHOT 247
15.6.2 REVENUE ANALYSIS 247
15.6.3 PRODUCT PORTFOLIO 248
15.6.4 RECENT DEVELOPMENTS 248
15.7 DOOSAN SKODA POWER 249
15.7.1 COMPANY SNAPSHOT 249
15.7.2 PRODUCT PORTFOLIO 249
15.7.3 RECENT DEVELOPMENTS 249
15.8 HITACHI ENERGY LTD 250
15.8.1 COMPANY SNAPSHOT 250
15.8.2 REVENUE ANALYSIS 251
15.8.3 PRODUCT PORTFOLIO 251
15.8.4 RECENT DEVELOPMENTS 252
15.9 IDEAL ELECTRIC POWER CO. 253
15.9.1 COMPANY SNAPSHOT 253
15.9.2 PRODUCT PORTFOLIO 253
15.9.3 RECENT DEVELOPMENT 253
15.10 INGETEAM 254
15.10.1 COMPANY SNAPSHOT 254
15.10.2 PRODUCT PORTFOLIO 254
15.10.3 RECENT DEVELOPMENT 254
15.11 MITSUBISHI ELECTRIC POWER PRODUCTS, INC. 255
15.11.1 COMPANY SNAPSHOT 255
15.11.2 REVENUE ANALYSIS 255
15.11.3 SOLUTION PORTFOLIO 256
15.11.4 RECENT DEVELOPMENT 256
15.12 POWER SYSTEMS & CONTROLS, INC. 257
15.12.1 COMPANY SNAPSHOT 257
15.12.2 PRODUCT PORTFOLIO 257
15.12.3 RECENT DEVELOPMENT 257
15.13 SHANGHAI ELECTRIC POWER GENERATION EQUIPMENT CO.,LTD. (A SUBSIDIARY OF SHANGHAI ELECTRIC) 258
15.13.1 COMPANY SNAPSHOT 258
15.13.2 REVENUE ANALYSIS 258
15.13.3 PRODUCT PORTFOLIO 259
15.13.4 RECENT DEVELOPMENTS 259
15.14 SIEMENS 260
15.14.1 COMPANY SNAPSHOT 260
15.14.2 REVENUE ANALYSIS 260
15.14.3 PRODUCT PORTFOLIO 261
15.14.4 RECENT DEVELOPMENTS 261
15.15 WEG 262
15.15.1 COMPANY SNAPSHOT 262
15.15.2 REVENUE ANALYSIS 262
15.15.3 PRODUCT PORTFOLIO 263
15.15.4 RECENT DEVELOPMENTS 263
16 QUESTIONNAIRE 264
17 RELATED REPORTS 268
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