NA Synchronous Condenser Market - Industry Trends and Forecast to 2035

Description

List of Tables

North America synchronous condenser market is expected to reach USD 1,217,384.17 thousand by 2031 from USD 899,125.10 thousand in 2023 with a CAGR of 3.9% 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

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 ( 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 (U.S., Canada, and Mexico) - Industry Trends and Forecast to 2031

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.

1 INTRODUCTION 14

1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 OVERVIEW OF THE NORTH AMERICA SYNCHRONOUS CONDENSER MARKET 15
1.4 CURRENCY AND PRICING 17
1.5 LIMITATIONS 17
1.6 MARKETS COVERED 17

2 MARKET SEGMENTATION 20

2.1 MARKETS COVERED 20
2.2 YEARS CONSIDERED FOR THE STUDY 21
2.3 GEOGRAPHIC SCOPE 22
2.4 DBMR TRIPOD DATA VALIDATION MODEL 23
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 26
2.6 DBMR MARKET POSITION GRID 27
2.7 MULTIVARIATE MODELLING 28
2.8 COOLING TECHNOLOGY CURVE 29
2.9 MARKET END-USER COVERAGE GRID 30
2.10 SECONDARY SOURCES 31
2.11 ASSUMPTIONS 31

3 EXECUTIVE SUMMARY 32

4 PREMIUM INSIGHTS 37

4.1 FLYWHEEL ROLE IN SYNCHRONOUS CONDENSER SYSTEMS 38
4.2 COMPLEMENTARY TECHNOLOGIES 41

5 MARKET OVERVIEW 43

5.1 DRIVERS 45
- 5.1.1 INCREASING DEMAND FOR CLEAN ENERGY SOURCES 45
- 5.1.2 GROWING NEED FOR INTEGRATED SYSTEMS IN POWER PLANTS 47
- 5.1.3 RISING DEMAND FOR SAFE AND SECURE ELECTRICAL GRID SYSTEMS 49
- 5.1.4 EXPANSION OF HVDC NETWORK ACROSS THE WORLD 51
5.2 RESTRAINTS 52
- 5.2.1 HIGHER PRICES ASSOCIATED WITH CAPITAL AND MAINTENANCE 52
- 5.2.2 STRINGENT STANDARDS RELATED TO SYNCHRONOUS CONDENSER 53
- 5.2.3 HIGHER PRICE VOLATILITY OF RAW MATERIALS 54
5.3 OPPORTUNITIES 56
- 5.3.1 RISING GOVERNMENT INITIATIVES TO REDUCE AIR POLLUTION 56
- 5.3.2 UPSURGE IN DECOMMISSIONING OF AGING AND CONVENTIONAL POWER GENERATION SOURCES 57
- 5.3.3 INCREASE IN INVESTMENTS IN R&D TO DEVELOP EFFICIENT SYNCHRONOUS CONDENSER 58
5.4 CHALLENGES 60
- 5.4.1 AVAILABILITY OF LOW-COST SUBSTITUTES 60
- 5.4.2 INVOLVEMENT IN SOPHISTICATED AND TIME-CONSUMING INSTALLATION PROCESS 61

6 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY 63

6.1 OVERVIEW 64
6.2 HYDROGEN COOLED SYNCHRONOUS CONDENSER 65
6.3 AIR-COOLED SYNCHRONOUS CONDENSER 66
6.4 WATER COOLED SYNCHRONOUS CONDENSER 66

7 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD 67

7.1 OVERVIEW 68
7.2 STATIC FREQUENCY CONVERTOR 69
7.3 PONY MOTOR 70
7.4 OTHERS 70

8 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING 71

8.1 OVERVIEW 72
8.2 ABOVE 200 MVAR 73
8.3 101-200 MVAR 74
8.4 61-100 MVAR 74
8.5 31-60 MVAR 75
8.6 0-30 MVAR 75

9 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY END USER 76

9.1 OVERVIEW 77
9.2 ELECTRICAL UTILITIES 78
9.3 INDUSTRIAL SECTORS 78

10 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY TYPE 79

10.1 OVERVIEW 80
10.2 NEW SYNCHRONOUS CONDENSER 81
10.3 REFURBISHED SYNCHRONOUS CONDENSER 81

11 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY DESIGN 82

11.1 OVERVIEW 83
11.2 SALIENT POLE DESIGN 84
11.3 CYLINDRICAL ROTOR DESIGN 84

12 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES 85

12.1 OVERVIEW 86
12.2 4 TO 8 87
12.3 LESS THAN 4 88
12.4 MORE THAN 8 88

13 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE 89

13.1 OVERVIEW 90
13.2 STATIC EXCITATION 91
13.3 BRUSHLESS EXCITATION SYSTEM 92

14 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY REGION 93

14.1 NORTH AMERICA 96
- 14.1.1 U.S. 99
- 14.1.2 CANADA 101
- 14.1.3 MEXICO 103

15 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, COMPANY LANDSCAPE 105

15.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 105

16 SWOT ANALYSIS 106

17 COMPANY PROFILES 107

17.1 GENERAL ELECTRIC 107
- 17.1.1 COMPANY SNAPSHOT 107
- 17.1.2 REVENUE ANALYSIS 107
- 17.1.3 COMPANY SHARE ANALYSIS 108
- 17.1.4 PRODUCT PORTFOLIO 108
- 17.1.5 RECENT DEVELOPMENTS 109
17.2 ABB 110
- 17.2.1 COMPANY SNAPSHOT 110
- 17.2.2 REVENUE ANALYSIS 110
- 17.2.3 COMPANY SHARE ANALYSIS 111
- 17.2.4 PRODUCT PORTFOLIO 111
- 17.2.5 RECENT DEVELOPMENTS 112
17.3 EATON 113
- 17.3.1 COMPANY SNAPSHOT 113
- 17.3.2 REVENUE ANALYSIS 114
- 17.3.3 COMPANY SHARE ANALYSIS 114
- 17.3.4 SERVICE PORTFOLIO 115
- 17.3.5 RECENT DEVELOPMENTS 116
17.4 BAKER HUGHES COMPANY 117
- 17.4.1 COMPANY SNAPSHOT 117
- 17.4.2 REVENUE ANALYSIS 117
- 17.4.3 COMPANY SHARE ANALYSIS 118
- 17.4.4 PRODUCT & SERVICES PORTFOLIO 118
- 17.4.5 RECENT DEVELOPMENT 119
17.5 SIEMENS ENERGY 120
- 17.5.1 COMPANY SNAPSHOT 120
- 17.5.2 REVENUE ANALYSIS 120
- 17.5.3 COMPANY SHARE ANALYSIS 121
- 17.5.4 PRODUCT PORTFOLIO 121
- 17.5.5 RECENT DEVELOPMENTS 122
17.6 ANDRITZ 123
- 17.6.1 COMPANY SNAPSHOT 123
- 17.6.2 REVENUE ANALYSIS 123
- 17.6.3 PRODUCT PORTFOLIO 124
- 17.6.4 RECENT DEVELOPMENTS 124
17.7 ANSALDO ENERGIA 125
- 17.7.1 COMPANY SNAPSHOT 125
- 17.7.2 REVENUE ANALYSIS 125
- 17.7.3 PRODUCT PORTFOLIO 126
- 17.7.4 RECENT DEVELOPMENT 126
17.8 DOOSAN SKODA POWER 127
- 17.8.1 COMPANY SNAPSHOT 127
- 17.8.2 PRODUCT PORTFOLIO 127
- 17.8.3 RECENT DEVELOPMENT 128
17.9 HITACHI ENERGY LTD. 129
- 17.9.1 COMPANY SNAPSHOT 129
- 17.9.2 REVENUE ANALYSIS 130
- 17.9.3 PRODUCT PORTFOLIO 130
- 17.9.4 RECENT DEVELOPMENT 131
17.10 IDEAL ELECTRIC POWER CO. 132
- 17.10.1 COMPANY SNAPSHOT 132
- 17.10.2 PRODUCT PORTFOLIO 132
- 17.10.3 RECENT DEVELOPMENT 133
17.11 INGETEAM, S.A. 134
- 17.11.1 COMPANY SNAPSHOT 134
- 17.11.2 PRODUCT PORTFOLIO 134
- 17.11.3 RECENT DEVELOPMENTS 135
17.12 MITSUBISHI ELECTRIC POWER PRODUCTS, INC. 136
- 17.12.1 COMPANY SNAPSHOT 136
- 17.12.2 REVENUE ANALYSIS 136
- 17.12.3 SOLUTION PORTFOLIO 137
- 17.12.4 RECENT DEVELOPMENT 137
17.13 POWER SYSTEMS & CONTROLS, INC. 138
- 17.13.1 COMPANY SNAPSHOT 138
- 17.13.2 PRODUCT PORTFOLIO 138
- 17.13.3 RECENT DEVELOPMENT 139
17.14 SHANGHAI ELECTRIC 140
- 17.14.1 COMPANY SNAPSHOT 140
- 17.14.2 REVENUE ANALYSIS 140
- 17.14.3 PRODUCT PORTFOLIO 141
- 17.14.4 RECENT DEVELOPMENTS 141
17.15 WEG 142
- 17.15.1 COMPANY SNAPSHOT 142
- 17.15.2 REVENUE ANALYSIS 142
- 17.15.3 PRODUCT PORTFOLIO 143
- 17.15.4 RECENT DEVELOPMENT 143

18 QUESTIONNAIRE 144

19 RELATED REPORTS 148

LIST OF TABLES

TABLE 1 UNINTERRUPTED OPERATION REQUIREMENTS FOR VOLTAGE DISTURBANCES 54
TABLE 2 COMPARISON BETWEEN SYNCHRONOUS CONDENSER, SVC, AND SATCOM 60
TABLE 3 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022-2031 (USD THOUSAND) 65
TABLE 4 NORTH AMERICA HYDROGEN COOLED SYNCHRONOUS CONDENSER IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 65
TABLE 5 NORTH AMERICA AIR-COOLED SYNCHRONOUS CONDENSER IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 66
TABLE 6 NORTH AMERICA WATER COOLED SYNCHRONOUS CONDENSER IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 66
TABLE 7 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022-2031 (USD THOUSAND) 69
TABLE 8 NORTH AMERICA STATIC FREQUENCY CONVERTOR IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 69
TABLE 9 NORTH AMERICA PONY MOTOR IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 70
TABLE 10 NORTH AMERICA OTHERS IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 70
TABLE 11 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022-2031 (USD THOUSAND) 73
TABLE 12 NORTH AMERICA ABOVE 200 MVAR IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 73
TABLE 13 NORTH AMERICA 101-200 MVAR IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 74
TABLE 14 NORTH AMERICA 61-100 MVAR IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 74
TABLE 15 NORTH AMERICA 31-60 MVAR IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 75
TABLE 16 NORTH AMERICA 0-30 MVAR IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 75
TABLE 17 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022-2031 (USD THOUSAND) 78
TABLE 18 NORTH AMERICA ELECTRICAL UTILITIES IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 78
TABLE 19 NORTH AMERICA INDUSTRIAL SECTORS IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 78
TABLE 20 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 81
TABLE 21 NORTH AMERICA NEW SYNCHRONOUS CONDENSER IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 81
TABLE 22 NORTH AMERICA REFURBISHED SYNCHRONOUS CONDENSER IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 81
TABLE 23 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2022-2031 (USD THOUSAND) 84
TABLE 24 NORTH AMERICA SALIENT POLE DESIGN IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 84
TABLE 25 NORTH AMERICA CYLINDRICAL ROTOR DESIGN IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 84
TABLE 26 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2022-2031 (USD THOUSAND) 87
TABLE 27 NORTH AMERICA 4 TO 8 IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 87
TABLE 28 NORTH AMERICA LESS THAN 4 IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 88
TABLE 29 NORTH AMERICA MORE THAN 8 IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 88
TABLE 30 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2022-2031 (USD THOUSAND) 91
TABLE 31 NORTH AMERICA STATIC EXCITATION IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 91
TABLE 32 BRUSHLESS EXCITATION SYSTEM IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022-2031 (USD THOUSAND) 92
TABLE 33 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, 2022-2031 (USD THOUSAND) 96
TABLE 34 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2022-2031 (USD THOUSAND) 96
TABLE 35 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022-2031 (USD THOUSAND) 96
TABLE 36 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022-2031 (USD THOUSAND) 96
TABLE 37 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022-2031 (USD THOUSAND) 97
TABLE 38 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022-2031 (USD THOUSAND) 97
TABLE 39 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 97
TABLE 40 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2022-2031 (USD THOUSAND) 97
TABLE 41 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2022-2031 (USD THOUSAND) 98
TABLE 42 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2022-2031 (USD THOUSAND) 98
TABLE 43 U.S. SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022-2031 (USD THOUSAND) 99
TABLE 44 U.S. SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022-2031 (USD THOUSAND) 99
TABLE 45 U.S. SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022-2031 (USD THOUSAND) 99
TABLE 46 U.S. SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022-2031 (USD THOUSAND) 99
TABLE 47 U.S. SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 100
TABLE 48 U.S. SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2022-2031 (USD THOUSAND) 100
TABLE 49 U.S. SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2022-2031 (USD THOUSAND) 100
TABLE 50 U.S. SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2022-2031 (USD THOUSAND) 100
TABLE 51 CANADA SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022-2031 (USD THOUSAND) 101
TABLE 52 CANADA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022-2031 (USD THOUSAND) 101
TABLE 53 CANADA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022-2031 (USD THOUSAND) 101
TABLE 54 CANADA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022-2031 (USD THOUSAND) 101
TABLE 55 CANADA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 102
TABLE 56 CANADA SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2022-2031 (USD THOUSAND) 102
TABLE 57 CANADA SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2022-2031 (USD THOUSAND) 102
TABLE 58 CANADA SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2022-2031 (USD THOUSAND) 102
TABLE 59 MEXICO SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022-2031 (USD THOUSAND) 103
TABLE 60 MEXICO SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022-2031 (USD THOUSAND) 103
TABLE 61 MEXICO SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022-2031 (USD THOUSAND) 103
TABLE 62 MEXICO SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022-2031 (USD THOUSAND) 103
TABLE 63 MEXICO SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022-2031 (USD THOUSAND) 104
TABLE 64 MEXICO SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2022-2031 (USD THOUSAND) 104
TABLE 65 MEXICO SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2022-2031 (USD THOUSAND) 104
TABLE 66 MEXICO SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2022-2031 (USD THOUSAND) 104

LIST OF FIGURES

FIGURE 1 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: SEGMENTATION 20
FIGURE 2 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: DBMR TRIPOD DATA VALIDATION MODEL 23
FIGURE 3 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: DROC ANALYSIS 24
FIGURE 4 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: NORTH AMERICA VS REGIONAL MARKET ANALYSIS 25
FIGURE 5 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: COMPANY RESEARCH ANALYSIS 25
FIGURE 6 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: INTERVIEW DEMOGRAPHICS 26
FIGURE 7 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: DBMR MARKET POSITION GRID 27
FIGURE 8 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: MULTIVARIATE MODELLING 28
FIGURE 9 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: COOLING TECHNOLOGY CURVE 29
FIGURE 10 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: MARKET END-USER COVERAGE GRID 30
FIGURE 11 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: SEGMENTATION 34
FIGURE 12 NORTH AMERICA IS EXPECTED TO DOMINATE, WHEREAS ASIA-PACIFIC IS THE FASTEST-GROWING REGION IN THE NORTH AMERICA SYNCHRONOUS CONDENSER MARKET IN THE FORECAST PERIOD OF 2023 TO 2031 35
FIGURE 13 ASIA-PACIFIC IS THE FASTEST GROWING MARKET FOR NORTH AMERICA SYNCHRONOUS CONDENSER MARKET MANUFACTURERS IN THE FORECAST PERIOD OF 2024 TO 2031 36
FIGURE 14 INCREASING DEMAND FOR CLEAN ENERGY SOURCES IS EXPECTED TO BE A KEY DRIVER FOR NORTH AMERICA SYNCHRONOUS CONDENSER MARKET GROWTH IN THE FORECAST PERIOD OF 2024 TO 2031 37
FIGURE 15 HYDROGEN COOLED SYNCHRONOUS CONDENSER IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE NORTH AMERICA SYNCHRONOUS CONDENSER MARKET IN 2024 TO 2031 37
FIGURE 16 SYNCHRONOUS CONDENSER WITH FLYWHEEL 38
FIGURE 17 SYNCHRONOUS CONDENSER WITH FLYWHEEL 39
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE NORTH AMERICA SYNCHRONOUS CONDENSER MARKET 44
FIGURE 19 SHARE OF DIFFERENT POWER GENERATING SOURCES 46
FIGURE 20 GENERATION OF WIND ENERGY 46
FIGURE 21 OPPORTUNITIES IN THE INTEGRATION OF SYSTEMS IN POWER PLANTS 48
FIGURE 22 AVERAGE ANNUAL INVESTMENT SPENDING ON ELECTRICITY GRIDS 50
FIGURE 23 PRICING LIST OF COPPER MATERIAL 55
FIGURE 24 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: BY COOLING TECHNOLOGY, 2023 64
FIGURE 25 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: BY STARTING METHOD, 2023 68
FIGURE 26 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: BY REACTIVE POWER RATING, 2023 72
FIGURE 27 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: BY END USER, 2023 77
FIGURE 28 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: BY TYPE, 2023 80
FIGURE 29 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: BY DESIGN, 2023 83
FIGURE 30 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: BY NO. OF POLES, 2023 86
FIGURE 31 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: BY EXCITATION SYSTEM TYPE, 2023 90
FIGURE 32 NORTH AMERICA SYNCHRONOUS CONDENSERMARKET: SNAPSHOT (2022) 94
FIGURE 33 NORTH AMERICA SYNCHRONOUS CONDENSER MARKET: COMPANY SHARE 2023 (%) 105