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Report
NA Synchronous Condenser Market - Industry Trends and Forecast to 2030
Market Report I 2023-06-01 I 136 Pages I Data Bridge Market Research
North America synchronous condenser market is expected to reach USD 1,159,185.00 thousand by 2030 from USD 868,947.63 thousand in 2022 with a CAGR of 3.7% 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:
North America 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, and Mexico) - Industry Trends and Forecast to 2030
Overview of North America Synchronous Condenser Market Dynamics:
Driver:
- Growing need for integrated systems in power plants
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 North America 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 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET 29
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 VENDOR SHARE ANALYSIS 44
2.8 MULTIVARIATE MODELLING 45
2.9 COOLING TECHNOLOGY CURVE 46
2.10 MARKET END-USER COVERAGE GRID 47
2.11 SECONDARY SOURCES 48
2.12 ASSUMPTIONS 48
3 EXECUTIVE SUMMARY 49
4 PREMIUM INSIGHTS 52
5 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY 53
5.1 OVERVIEW 54
5.2 HYDROGEN COOLED SYNCHRONOUS CONDENSER 55
5.3 AIR-COOLED SYNCHRONOUS CONDENSER 56
5.4 WATER COOLED SYNCHRONOUS CONDENSER 56
6 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD 57
6.1 OVERVIEW 58
6.2 STATIC FREQUENCY CONVERTOR 59
6.3 PONY MOTOR 60
6.4 OTHERS 60
7 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING 61
7.1 OVERVIEW 62
7.2 ABOVE 200 MVAR 63
7.3 101-200 MVAR 64
7.4 61-100 MVAR 64
7.5 31-60 MVAR 65
7.6 0-30 MVAR 65
8 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY END USER 66
8.1 OVERVIEW 67
8.2 ELECTRICAL UTILITIES 68
8.3 INDUSTRIAL SECTORS 68
9 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY TYPE 69
9.1 OVERVIEW 70
9.2 NEW SYNCHRONOUS CONDENSER 71
9.3 REFURBISHED SYNCHRONOUS CONDENSER 71
10 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY DESIGN 72
10.1 OVERVIEW 73
10.2 SALIENT POLE DESIGN 74
10.3 CYLINDRICAL ROTOR DESIGN 74
11 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES 75
11.1 OVERVIEW 76
11.2 4 TO 8 77
11.3 LESS THAN 4 78
11.4 MORE THAN 8 78
12 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE 79
12.1 OVERVIEW 80
12.2 STATIC EXCITATION 81
12.3 BRUSHLESS EXCITATION SYSTEM 82
13 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY REGION 83
13.1 NORTH AMERICA 84
13.1.1 U.S. 92
13.1.2 CANADA 95
13.1.3 MEXICO 98
14 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, COMPANY LANDSCAPE 101
14.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 101
15 COMPANY PROFILE 102
15.1 GENERAL ELECTRIC 102
15.1.1 COMPANY SNAPSHOT 102
15.1.2 REVENUE ANALYSIS 102
15.1.3 COMPANY SHARE ANALYSIS 103
15.1.4 PRODUCT PORTFOLIO 103
15.1.5 RECENT DEVELOPMENTS 103
15.2 ABB 105
15.2.1 COMPANY SNAPSHOT 105
15.2.2 REVENUE ANALYSIS 105
15.2.3 COMPANY SHARE ANALYSIS 106
15.2.4 PRODUCT PORTFOLIO 106
15.2.5 RECENT DEVELOPMENTS 106
15.3 EATON 108
15.3.1 COMPANY SNAPSHOT 108
15.3.2 REVENUE ANALYSIS 109
15.3.3 COMPANY SHARE ANALYSIS 109
15.3.4 SERVICE PORTFOLIO 110
15.3.5 RECENT DEVELOPMENTS 110
15.4 BAKER HUGHES COMPANY 111
15.4.1 COMPANY SNAPSHOT 111
15.4.2 REVENUE ANALYSIS 111
15.4.3 COMPANY SHARE ANALYSIS 112
15.4.4 PRODUCT & SERVICES PORTFOLIO 112
15.4.5 RECENT DEVELOPMENTS 112
15.5 ANDRITZ 113
15.5.1 COMPANY SNAPSHOT 113
15.5.2 REVENUE ANALYSIS 113
15.5.3 COMPANY SHARE ANALYSIS 114
15.5.4 PRODUCT PORTFOLIO 114
15.5.5 RECENT DEVELOPMENTS 114
15.6 ANSALDO ENERGIA 115
15.6.1 COMPANY SNAPSHOT 115
15.6.2 REVENUE ANALYSIS 115
15.6.3 PRODUCT PORTFOLIO 116
15.6.4 RECENT DEVELOPMENTS 116
15.7 DOOSAN SKODA POWER 117
15.7.1 COMPANY SNAPSHOT 117
15.7.2 PRODUCT PORTFOLIO 117
15.7.3 RECENT DEVELOPMENTS 117
15.8 HITACHI ENERGY LTD 118
15.8.1 COMPANY SNAPSHOT 118
15.8.2 REVENUE ANALYSIS 119
15.8.3 PRODUCT PORTFOLIO 119
15.8.4 RECENT DEVELOPMENTS 120
15.9 IDEAL ELECTRIC POWER CO. 121
15.9.1 COMPANY SNAPSHOT 121
15.9.2 PRODUCT PORTFOLIO 121
15.9.3 RECENT DEVELOPMENT 121
15.10 INGETEAM 122
15.10.1 COMPANY SNAPSHOT 122
15.10.2 PRODUCT PORTFOLIO 122
15.10.3 RECENT DEVELOPMENT 122
15.11 MITSUBISHI ELECTRIC POWER PRODUCTS, INC. 123
15.11.1 COMPANY SNAPSHOT 123
15.11.2 REVENUE ANALYSIS 123
15.11.3 SOLUTION PORTFOLIO 124
15.11.4 RECENT DEVELOPMENT 124
15.12 POWER SYSTEMS & CONTROLS, INC. 125
15.12.1 COMPANY SNAPSHOT 125
15.12.2 PRODUCT PORTFOLIO 125
15.12.3 RECENT DEVELOPMENT 125
15.13 SHANGHAI ELECTRIC POWER GENERATION EQUIPMENT CO.,LTD. (A SUBSIDIARY OF SHANGHAI ELECTRIC) 126
15.13.1 COMPANY SNAPSHOT 126
15.13.2 REVENUE ANALYSIS 126
15.13.3 PRODUCT PORTFOLIO 127
15.13.4 RECENT DEVELOPMENTS 127
15.14 SIEMENS 128
15.14.1 COMPANY SNAPSHOT 128
15.14.2 REVENUE ANALYSIS 128
15.14.3 PRODUCT PORTFOLIO 129
15.14.4 RECENT DEVELOPMENTS 129
15.15 WEG 130
15.15.1 COMPANY SNAPSHOT 130
15.15.2 REVENUE ANALYSIS 130
15.15.3 PRODUCT PORTFOLIO 131
15.15.4 RECENT DEVELOPMENTS 131
16 QUESTIONNAIRE 132
17 RELATED REPORTS 136
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