Global Synchronous Condenser Market Size study, by Cooling Type by Starting Method by Power Rating by Application and Regional Forecasts 2022-2028

Description

List of Tables

Global Synchronous Condenser Market is valued approximately USD 629.3 million in 2021 and is anticipated to grow with a healthy growth rate of more than 2.6 % over the forecast period 2022-2028. Synchronous condenser is a synchronous device that generates reactive power, which leads real power by 90 degrees in phase. Synchronous condenser can operate similar to synchronous motor, and its shaft rotates freely. Global Synchronous Condenser Market is expected to undergo significant growth in the following years owing to the government's development initiatives in developing nations. Rising industrialization in the emerging nation is expected to bolster market growth globally. In December 2020 Siemens Energy won a contract from Elering AS which helped them build three synchronous condenser plants in Estonia. These plants are supposed to be the first Flexible Alternating Current Transmission System that will be installed in the Baltic States.

Furthermore, in May 2020: GE won a contract from Trena for providing two synchronous condensers and flywheel units for the Brindisi substation in southern Italy.

Also, rising rate of depletion of fossil fuels is pushing government world-wide to look for alternative energy for minimizing environmental pollution. However, high manufacturing costs along with availability of a number of alternatives impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Synchronous Condenser Market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific holds the prominent global Synchronous condenser market share owing to the rising industrialization in developing countries. The product demand is likely to boost in this region due to the increasing installation of new condensers at existing plants.

North America holds the second-largest global market share due to the rising product demand for converting old power plants into efficient power plants. Technological advancements and development in the industry are expected to drive the market.

Major market player included in this report are:

ABB, LTD.

Andritz

Eaton Corporation plc

Fuji Electric

Ideal Electric Power Co.

Mitsubishi Electric Corporation

Siemens Energy

Voith GmbH & Co. KgaA

WEG Group

GENERAL ELECTRIC

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

Cooling Type:

Hydrogen-cooled

Air-cooled

Water-cooled

Starting Method

Static Frequency Converter

Pony Motors

Power Rating

Up to 200 MVAR

Above 200 MVAR

Application

Utility

Industrial

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Synchronous Condenser Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
- 1.2.1. Synchronous Condenser Market, by Region, 2020-2028 (USD Million)
- 1.2.2. Synchronous Condenser Market, by Cooling Type, 2020-2028 (USD Million)
- 1.2.3. Synchronous Condenser Market, by Starting Method, 2020-2028 (USD Million)
- 1.2.4. Synchronous Condenser Market, by Power Rating, 2020-2028 (USD Billion)
- 1.2.5. Synchronous Condenser Market, by Application, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Synchronous Condenser Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Synchronous Condenser Market Dynamics

3.1. Global Synchronous Condenser Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rapid development in renewable power integration
  - 3.1.1.2. Increasing geriatric population
- 3.1.2. Market Challenges
  - 3.1.2.1. High cost associated with maintenance
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rapid growth of HVDC network

Chapter 4. Global Synchronous Condenser Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Synchronous Condenser Market, by Cooling Type

6.1. Market Snapshot
6.2. Global Synchronous Condenser Market by Cooling Type, Performance - Potential Analysis
6.3. Global Synchronous Condenser Market Estimates & Forecasts by Cooling Type 2018-2028 (USD Million)
6.4. Global Synchronous Condenser Market, Sub Segment Analysis
- 6.4.1. Hydrogen-cooled
- 6.4.2. Air-cooled
- 6.4.3. Water-cooled

Chapter 7. Global Synchronous Condenser Market, by Starting Method

7.1. Market Snapshot
7.2. Global Synchronous Condenser Market by Starting Method, Performance - Potential Analysis
7.3. Global Synchronous Condenser Market Estimates & Forecasts by Starting Method 2018-2028 (USD Million)
7.4. Global Synchronous Condenser Market, Sub Segment Analysis
- 7.4.1. Static Frequency Converter
- 7.4.2. Pony Motors

Chapter 8. Global Synchronous Condenser Market, by Power Rating

8.1. Market Snapshot
8.2. Global Synchronous Condenser Market by Power Rating, Performance - Potential Analysis
8.3. Global Synchronous Condenser Market Estimates & Forecasts by Power Rating 2018-2028 (USD Million)
8.4. Global Synchronous Condenser Market, Sub Segment Analysis
- 8.4.1. Up to 200 MVAR
- 8.4.2. Above 200 MVAR

Chapter 9. Global Synchronous Condenser Market, by Application

9.1. Market Snapshot
9.2. Global Synchronous Condenser Market by Application, Performance - Potential Analysis
9.3. Global Synchronous Condenser Market Estimates & Forecasts by Application 2018-2028 (USD Million)
9.4. Global Synchronous Condenser Market, Sub Segment Analysis
- 9.4.1. Utility
- 9.4.2. Industrial

Chapter 10. Global Synchronous Condenser Market, Regional Analysis

10.1. Global Synchronous Condenser Market, Regional Market Snapshot
10.2. North America Synchronous Condenser Market
- 10.2.1. U.S. Synchronous Condenser Market
  - 10.2.1.1. Cooling Type breakdown estimates & forecasts, 2018-2028
  - 10.2.1.2. Starting Method breakdown estimates & forecasts, 2018-2028
  - 10.2.1.3. Power Rating breakdown estimates & forecasts, 2018-2028
  - 10.2.1.4. Application breakdown estimates & forecasts, 2018-2028
- 10.2.2. Canada Synchronous Condenser Market
10.3. Europe Synchronous Condenser Market Snapshot
- 10.3.1. U.K. Synchronous Condenser Market
- 10.3.2. Germany Synchronous Condenser Market
- 10.3.3. France Synchronous Condenser Market
- 10.3.4. Spain Synchronous Condenser Market
- 10.3.5. Italy Synchronous Condenser Market
- 10.3.6. Rest of Europe Synchronous Condenser Market
10.4. Asia-Pacific Synchronous Condenser Market Snapshot
- 10.4.1. China Synchronous Condenser Market
- 10.4.2. India Synchronous Condenser Market
- 10.4.3. Japan Synchronous Condenser Market
- 10.4.4. Australia Synchronous Condenser Market
- 10.4.5. South Korea Synchronous Condenser Market
- 10.4.6. Rest of Asia Pacific Synchronous Condenser Market
10.5. Latin America Synchronous Condenser Market Snapshot
- 10.5.1. Brazil Synchronous Condenser Market
- 10.5.2. Mexico Synchronous Condenser Market
10.6. Rest of The World Synchronous Condenser Market

Chapter 11. Competitive Intelligence

11.1. Top Market Strategies
11.2. Company Profiles
- 11.2.1. ABB, LTD.
  - 11.2.1.1. Key Information
  - 11.2.1.2. Overview
  - 11.2.1.3. Financial (Subject to Data Availability)
  - 11.2.1.4. Product Summary
  - 11.2.1.5. Recent Developments
- 11.2.2. Andritz
- 11.2.3. Eaton Corporation plc
- 11.2.4. Fuji Electric
- 11.2.5. Ideal Electric Power Co.
- 11.2.6. Mitsubishi Electric Corporation
- 11.2.7. Siemens Energy
- 11.2.8. Voith GmbH & Co. KGaA
- 11.2.9. WEG Group
- 11.2.10. GENERAL ELECTRIC

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Synchronous Condenser Market, report scope
TABLE 2. Global Synchronous Condenser Market estimates & forecasts by Region 2018-2028 (USD Million)
TABLE 3. Global Synchronous Condenser Market estimates & forecasts by Cooling Type 2018-2028 (USD Million)
TABLE 4. Global Synchronous Condenser Market estimates & forecasts by Starting Method 2018-2028 (USD Million)
TABLE 5. Global Synchronous Condenser Market estimates & forecasts by Power Rating 2018-2028 (USD Million)
TABLE 6. Global Synchronous Condenser Market estimates & forecasts by Application 2018-2028 (USD Million)
TABLE 7. Global Synchronous Condenser Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 8. Global Synchronous Condenser Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 9. Global Synchronous Condenser Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 10. Global Synchronous Condenser Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 11. Global Synchronous Condenser Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 12. Global Synchronous Condenser Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 13. Global Synchronous Condenser Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 14. Global Synchronous Condenser Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 15. Global Synchronous Condenser Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 16. Global Synchronous Condenser Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 17. U.S. Synchronous Condenser Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 18. U.S. Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 19. U.S. Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 20. Canada Synchronous Condenser Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 21. Canada Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 22. Canada Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 23. UK Synchronous Condenser Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 24. UK Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 25. UK Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 26. Germany Synchronous Condenser Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 27. Germany Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 28. Germany Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 29. RoE Synchronous Condenser Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 30. RoE Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 31. RoE Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 32. China Synchronous Condenser Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 33. China Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 34. China Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 35. India Synchronous Condenser Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 36. India Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 37. India Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 38. Japan Synchronous Condenser Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 39. Japan Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 40. Japan Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 41. RoAPAC Synchronous Condenser Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 42. RoAPAC Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 43. RoAPAC Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 44. Brazil Synchronous Condenser Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 45. Brazil Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 46. Brazil Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 47. Mexico Synchronous Condenser Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 48. Mexico Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 49. Mexico Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 50. RoLA Synchronous Condenser Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 51. RoLA Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 52. RoLA Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 53. Row Synchronous Condenser Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 54. Row Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 55. Row Synchronous Condenser Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 56. List of secondary sources, used in the study of Global Synchronous Condenser Market
TABLE 57. List of primary sources, used in the study of Global Synchronous Condenser Market
TABLE 58. Years considered for the study
TABLE 59. Exchange rates considered

LIST OF FIGURES

List of figures

FIG 1. Global Synchronous Condenser Market, research methodology
FIG 2. Global Synchronous Condenser Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Synchronous Condenser Market, key trends 2021
FIG 5. Global Synchronous Condenser Market, growth prospects 2022-2028
FIG 6. Global Synchronous Condenser Market, porters 5 force model
FIG 7. Global Synchronous Condenser Market, pest analysis
FIG 8. Global Synchronous Condenser Market, value chain analysis
FIG 9. Global Synchronous Condenser Market by segment, 2018 & 2028 (USD Million)
FIG 10. Global Synchronous Condenser Market by segment, 2018 & 2028 (USD Million)
FIG 11. Global Synchronous Condenser Market by segment, 2018 & 2028 (USD Million)
FIG 12. Global Synchronous Condenser Market by segment, 2018 & 2028 (USD Million)
FIG 13. Global Synchronous Condenser Market by segment, 2018 & 2028 (USD Million)
FIG 14. Global Synchronous Condenser Market, regional snapshot 2018 & 2028
FIG 15. North America Synchronous Condenser Market 2018 & 2028 (USD Million)
FIG 16. Europe Synchronous Condenser Market 2018 & 2028 (USD Million)
FIG 17. Asia pacific Synchronous Condenser Market 2018 & 2028 (USD Million)
FIG 18. Latin America Synchronous Condenser Market 2018 & 2028 (USD Million)
FIG 19. Global Synchronous Condenser Market, company market share analysis (2021)