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Report
Middle East and Africa Synchronous Condenser Market - Industry Trends and Forecast to 2034
Market Report I 2024-02-01 I 174 Pages I Data Bridge Market Research
The Middle East and Africa synchronous condenser market is expected to reach USD 187,958.54 Thousand by 2031 from USD 142,427.45 Thousand in 2023 with a CAGR of 3.6% in the forecast period from 2024 to 2031. . The new market report contains data for the historic year 2022, the base year of calculation is 2023, and the forecast period is 2024 to 2031.
Market Segmentation
Middle East and Africa 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 ( Above 200 MVAR, 101-200 MVAR, 61-100 MVAR, 31-60 MVAR, and 0-30 MVAR), End-User (Electrical Utilities and Industrial Sectors), Insulation Type (New Synchronous Condenser and Refurbished Synchronous Condenser), No. of Poles ( 4 to 8, Less Than 4, and More Than 8), Design (Salient Pole Design and Cylindrical Rotor Design), Excitation System (Static Excitation and Brushless Excitation System), Country (Saudi Arabia, U.A.E., Egypt, South Africa, Israel, Bahrain, Kuwait, Qatar, Oman, and Rest of Middle East and Africa) Industry Trends and Forecast to 2031.
Overview of Middle East and Africa Synchronous Condenser Market Dynamics
Driver
- Rising demand for safe and secure electrical grid systems
Restraint
- Stringent standards related to synchronous condenser
Opportunity
- Rising government initiatives to reduce air pollution
Market Players
Some of the major players operating in the Middle East and Africa 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 29
1.1 OBJECTIVES OF THE STUDY 29
1.2 MARKET DEFINITION 29
1.3 OVERVIEW OF THE MIDDLE EAST AND AFRICA SYNCHRONOUS CONDENSER MARKET 30
1.4 CURRENCY AND PRICING 32
1.5 LIMITATIONS 32
1.6 MARKETS COVERED 32
2 MARKET SEGMENTATION 35
2.1 MARKETS COVERED 35
2.2 YEARS CONSIDERED FOR THE STUDY 36
2.3 GEOGRAPHIC SCOPE 37
2.4 DBMR TRIPOD DATA VALIDATION MODEL 38
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 41
2.6 DBMR MARKET POSITION GRID 42
2.7 MULTIVARIATE MODELLING 43
2.8 COOLING TECHNOLOGY CURVE 44
2.9 MARKET END-USER COVERAGE GRID 45
2.10 SECONDARY SOURCES 46
2.11 ASSUMPTIONS 46
3 EXECUTIVE SUMMARY 47
4 PREMIUM INSIGHTS 52
4.1 FLYWHEEL ROLE IN SYNCHRONOUS CONDENSER SYSTEMS 53
4.2 COMPLEMENTARY TECHNOLOGIES 56
5 MARKET OVERVIEW 58
5.1 DRIVERS 60
5.1.1 INCREASING DEMAND FOR CLEAN ENERGY SOURCES 60
5.1.2 GROWING NEED FOR INTEGRATED SYSTEMS IN POWER PLANTS 62
5.1.3 RISING DEMAND FOR SAFE AND SECURE ELECTRICAL GRID SYSTEMS 64
5.1.4 EXPANSION OF HVDC NETWORK ACROSS THE WORLD 66
5.2 RESTRAINTS 67
5.2.1 HIGHER PRICES ASSOCIATED WITH CAPITAL AND MAINTENANCE 67
5.2.2 STRINGENT STANDARDS RELATED TO SYNCHRONOUS CONDENSER 68
5.2.3 HIGHER PRICE VOLATILITY OF RAW MATERIALS 69
5.3 OPPORTUNITIES 71
5.3.1 RISING GOVERNMENT INITIATIVES TO REDUCE AIR POLLUTION 71
5.3.2 UPSURGE IN DECOMMISSIONING OF AGING AND CONVENTIONAL POWER GENERATION SOURCES 72
5.3.3 INCREASE IN INVESTMENTS IN R&D TO DEVELOP EFFICIENT SYNCHRONOUS CONDENSER 73
5.4 CHALLENGES 75
5.4.1 AVAILABILITY OF LOW-COST SUBSTITUTES 75
5.4.2 INVOLVEMENT IN SOPHISTICATED AND TIME-CONSUMING INSTALLATION PROCESS 76
6 MIDDLE EAST AND AFRICA SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY 78
6.1 OVERVIEW 79
6.2 HYDROGEN COOLED SYNCHRONOUS CONDENSER 80
6.3 AIR-COOLED SYNCHRONOUS CONDENSER 81
6.4 WATER COOLED SYNCHRONOUS CONDENSER 81
7 MIDDLE EAST AND AFRICA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD 82
7.1 OVERVIEW 83
7.2 STATIC FREQUENCY CONVERTOR 84
7.3 PONY MOTOR 85
7.4 OTHERS 85
8 MIDDLE EAST AND AFRICA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING 86
8.1 OVERVIEW 87
8.2 ABOVE 200 MVAR 88
8.3 101-200 MVAR 89
8.4 61-100 MVAR 89
8.5 31-60 MVAR 90
8.6 0-30 MVAR 90
9 MIDDLE EAST AND AFRICA SYNCHRONOUS CONDENSER MARKET, BY END USER 91
9.1 OVERVIEW 92
9.2 ELECTRICAL UTILITIES 93
9.3 INDUSTRIAL SECTORS 93
10 MIDDLE EAST AND AFRICA SYNCHRONOUS CONDENSER MARKET, BY TYPE 94
10.1 OVERVIEW 95
10.2 NEW SYNCHRONOUS CONDENSER 96
10.3 REFURBISHED SYNCHRONOUS CONDENSER 96
11 MIDDLE EAST AND AFRICA SYNCHRONOUS CONDENSER MARKET, BY DESIGN 97
11.1 OVERVIEW 98
11.2 SALIENT POLE DESIGN 99
11.3 CYLINDRICAL ROTOR DESIGN 99
12 MIDDLE EAST AND AFRICA SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES 100
12.1 OVERVIEW 101
12.2 4 TO 8 102
12.3 LESS THAN 4 103
12.4 MORE THAN 8 103
13 MIDDLE EAST AND AFRICA SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE 104
13.1 OVERVIEW 105
13.2 STATIC EXCITATION 106
13.3 BRUSHLESS EXCITATION SYSTEM 107
14 MIDDLE EAST AND AFRICA SYNCHRONOUS CONDENSER MARKET, BY REGION 108
14.1 MIDDLE EAST AND AFRICA 109
14.1.1 U.A.E. 112
14.1.2 SAUDI ARABIA 114
14.1.3 EGYPT 116
14.1.4 SOUTH AFRICA 118
14.1.5 ISRAEL 120
14.1.6 QATAR 122
14.1.7 OMAN 124
14.1.8 BAHRAIN 126
14.1.9 KUWAIT 128
14.1.10 REST OF MIDDLE EAST AND AFRICA 130
15 MIDDLE EAST AND AFRICA SYNCHRONOUS CONDENSER MARKET, COMPANY LANDSCAPE 131
15.1 COMPANY SHARE ANALYSIS: MIDDLE EAST AND AFRICA 131
16 SWOT ANALYSIS 132
17 COMPANY PROFILES 133
17.1 GENERAL ELECTRIC 133
17.1.1 COMPANY SNAPSHOT 133
17.1.2 REVENUE ANALYSIS 133
17.1.3 COMPANY SHARE ANALYSIS 134
17.1.4 PRODUCT PORTFOLIO 134
17.1.5 RECENT DEVELOPMENTS 135
17.2 ABB 136
17.2.1 COMPANY SNAPSHOT 136
17.2.2 REVENUE ANALYSIS 136
17.2.3 COMPANY SHARE ANALYSIS 137
17.2.4 PRODUCT PORTFOLIO 137
17.2.5 RECENT DEVELOPMENTS 138
17.3 EATON 139
17.3.1 COMPANY SNAPSHOT 139
17.3.2 REVENUE ANALYSIS 140
17.3.3 COMPANY SHARE ANALYSIS 140
17.3.4 SERVICE PORTFOLIO 141
17.3.5 RECENT DEVELOPMENTS 142
17.4 BAKER HUGHES COMPANY 143
17.4.1 COMPANY SNAPSHOT 143
17.4.2 REVENUE ANALYSIS 143
17.4.3 COMPANY SHARE ANALYSIS 144
17.4.4 PRODUCT & SERVICES PORTFOLIO 144
17.4.5 RECENT DEVELOPMENT 145
17.5 SIEMENS ENERGY 146
17.5.1 COMPANY SNAPSHOT 146
17.5.2 REVENUE ANALYSIS 146
17.5.3 COMPANY SHARE ANALYSIS 147
17.5.4 PRODUCT PORTFOLIO 147
17.5.5 RECENT DEVELOPMENTS 148
17.6 ANDRITZ 149
17.6.1 COMPANY SNAPSHOT 149
17.6.2 REVENUE ANALYSIS 149
17.6.3 PRODUCT PORTFOLIO 150
17.6.4 RECENT DEVELOPMENTS 150
17.7 ANSALDO ENERGIA 151
17.7.1 COMPANY SNAPSHOT 151
17.7.2 REVENUE ANALYSIS 151
17.7.3 PRODUCT PORTFOLIO 152
17.7.4 RECENT DEVELOPMENT 152
17.8 DOOSAN SKODA POWER 153
17.8.1 COMPANY SNAPSHOT 153
17.8.2 PRODUCT PORTFOLIO 153
17.8.3 RECENT DEVELOPMENT 154
17.9 HITACHI ENERGY LTD. 155
17.9.1 COMPANY SNAPSHOT 155
17.9.2 REVENUE ANALYSIS 156
17.9.3 PRODUCT PORTFOLIO 156
17.9.4 RECENT DEVELOPMENT 157
17.10 IDEAL ELECTRIC POWER CO. 158
17.10.1 COMPANY SNAPSHOT 158
17.10.2 PRODUCT PORTFOLIO 158
17.10.3 RECENT DEVELOPMENT 159
17.11 INGETEAM, S.A. 160
17.11.1 COMPANY SNAPSHOT 160
17.11.2 PRODUCT PORTFOLIO 160
17.11.3 RECENT DEVELOPMENTS 161
17.12 MITSUBISHI ELECTRIC POWER PRODUCTS, INC. 162
17.12.1 COMPANY SNAPSHOT 162
17.12.2 REVENUE ANALYSIS 162
17.12.3 SOLUTION PORTFOLIO 163
17.12.4 RECENT DEVELOPMENT 163
17.13 POWER SYSTEMS & CONTROLS, INC. 164
17.13.1 COMPANY SNAPSHOT 164
17.13.2 PRODUCT PORTFOLIO 164
17.13.3 RECENT DEVELOPMENT 165
17.14 SHANGHAI ELECTRIC 166
17.14.1 COMPANY SNAPSHOT 166
17.14.2 REVENUE ANALYSIS 166
17.14.3 PRODUCT PORTFOLIO 167
17.14.4 RECENT DEVELOPMENTS 167
17.15 WEG 168
17.15.1 COMPANY SNAPSHOT 168
17.15.2 REVENUE ANALYSIS 168
17.15.3 PRODUCT PORTFOLIO 169
17.15.4 RECENT DEVELOPMENT 169
18 QUESTIONNAIRE 170
19 RELATED REPORTS 174
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