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Market Research Report

Synchronous Condenser Market by Cooling Type (Hydrogen, Air, Water),Type (New & Refurbished), Starting Method (Static Frequency Converter, Pony Motor), End User , Reactive Power Rating, and Region-Global Forecast to 2025

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Synchronous Condenser Market by Cooling Type (Hydrogen, Air, Water),Type (New & Refurbished), Starting Method (Static Frequency Converter, Pony Motor), End User , Reactive Power Rating, and Region-Global Forecast to 2025
Published: January 6, 2021 Content info: 170 Pages
Description

The global synchronous condenser market is projected to reach USD 574.0 million by 2025 from an estimated USD 508.4 million in 2020, at a CAGR of 2.5% during the forecast period. The increasing electrical power consumption and rising need to maximize transmission capacity are becoming increasingly important. Along with this, growing renewable-based power generation in the energy mix, retiring conventional power plants, and growing network of High-Voltage Direct Current (HVDC) has had a considerable effect on transmission grid stability. Synchronous condensers play a vital role by generating lagging and leading reactive power, helping to stabilize the transmission grid. It also offers several advantages over other substitutes such as no harmonics, short-circuits power capability, and inertia to the transmission grid among others.

Synchronous condensers rated above 200 MVAr dominate the global market

The above 200 MVAr segment of synchronous condensers is expected to be the largest market, by reactive power rating, during the forecast period. This growth is evident owing to rising installations of synchronous condensers rated above 200 MVAr, especially in North America and Europe.

"Hydrogen cooled synchronous condensers is the fastest growing segment during the forecast period in the global synchronous condenser market "

The hydrogen cooled synchronous condenser is estimated to be the fastest-growing during the forecast period. This growth is attributed to the adoption and efficiency of large-sized synchronous condensers for a reactive power rating of above 200 Mega Volt Amps (reactive) (MVAr).

"By starting method, static frequency converters segment is expected to dominate the global synchronous condenser market."

Static frequency converters accounted for the largest share of the synchronous condenser market, it is also estimated to be the fastest-growing segment during the forecast period. Low installation costs and low noise features of static frequency converters are expected to boost their demand in the synchronous condenser market

"North America to lead the global synchronous condensers market in terms of growth rate."

The synchronous condensers market in North America is projected to grow at the fastest rate during the forecast period. The gradual phasing out of thermal power plants and increasing renewable power generation are driving the synchronous condensers market in the region.

Besides North America, Europe was one of the largest markets for synchronous condensers. The demand for synchronous condensers in Europe is mainly driven by rising HVDC network in the region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier I-60%, Tier II-20%, and Tier III-20%

By Designation: C-Level-55%, Director Level-30%, and Others-15%

By Region: North America- 40%, Europe- 30%, South America- 15%, Rest of the World- 15%

Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined on the basis of their total revenue as of 2017; Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3:

The global synchronous condenser market is dominated by a few major players that have a wide regional presence. The leading players in the synchronous condenser market are Siemens (Germany), GE(US), Eaton (Ireland), ABB (Switzerland), and WEG (Brazil).

Research Coverage:

The report defines, describes, and forecasts the global synchronous condenser market, by type, cooling type, reactive power rating, starting method, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the synchronous condenser market.

Key benefits of buying the report:

The report will help market leaders/new entrants in this market in the following ways:

1. This report segments the global synchronous condenser market comprehensively and provides the closest approximations of the revenues for the overall market and the subsegments across different verticals and regions.

2. The report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders understand competitors better and gain more insights to improve their position in the market. The competitive landscape section includes the new product developments, mergers & acquisitions, contracts & agreements, and partnerships & collaborations

Table of Contents
Product Code: EP 4095

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 OBJECTIVES OF THE STUDY
  • 1.2 DEFINITION
    • 1.2.1 SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE: INCLUSIONS AND EXCLUSIONS
    • 1.2.2 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING (MVAR): INCLUSIONS AND EXCLUSIONS
    • 1.2.3 SYNCHRONOUS CONDENSER MARKET, BY END USER: INCLUSIONS AND EXCLUSIONS
  • 1.3 MARKET SCOPE
    • 1.3.1 MARKET SEGMENTATION
    • 1.3.2 REGIONAL SCOPE
    • 1.3.3 YEARS CONSIDERED
  • 1.4 CURRENCY
  • 1.5 LIMITATIONS
  • 1.6 STAKEHOLDERS
  • 1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 1 SYNCHRONOUS CONDENSER MARKET: RESEARCH DESIGN
  • 2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
    • 2.2.1 SECONDARY DATA
      • 2.2.1.1 Key data from secondary sources
    • 2.2.2 PRIMARY DATA
      • 2.2.2.1 Key data from primary sources
      • 2.2.2.2 Breakdown of primaries
  • 2.3 SCOPE
    • FIGURE 2 MAIN METRICS CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND FOR SYNCHRONOUS CONDENSERS
  • 2.4 MARKET SIZE ESTIMATION
    • 2.4.1 DEMAND-SIDE ANALYSIS BOTTOM-UP APPROACH
    • FIGURE 3 SYNCHRONOUS CONDENSER MARKET: INDUSTRY-REGION/COUNTRY-WISE ANALYSIS
      • 2.4.1.1 Calculation for demand-side analysis
      • 2.4.1.2 Key assumptions while calculating demand-side market size
    • 2.4.2 SUPPLY-SIDE ANALYSIS
    • FIGURE 4 SYNCHRONOUS CONDENSER MARKET: SUPPLY-SIDE ANALYSIS
      • 2.4.2.1 Calculations for supply- side analysis
    • FIGURE 5 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF SYNCHRONOUS CONDENSERS
      • 2.4.2.2 Assumptions while calculating supply-side market size
    • FIGURE 6 COMPANY REVENUE ANALYSIS, 2019
    • 2.4.3 FORECAST

3 EXECUTIVE SUMMARY

  • 3.1 SCENARIO ANALYSIS
    • FIGURE 7 SCENARIO ANALYSIS: SYNCHRONOUS CONDENSER MARKET, 2018-2025
    • 3.1.1 OPTIMISTIC SCENARIO
    • 3.1.2 REALISTIC SCENARIO
    • 3.1.3 PESSIMISTIC SCENARIO
    • TABLE 1 SYNCHRONOUS CONDENSER MARKET SNAPSHOT
    • FIGURE 8 HYDROGEN-COOLED SYNCHRONOUS CONDENSERS ARE EXPECTED TO LEAD SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, DURING FORECAST PERIOD
    • FIGURE 9 STATIC FREQUENCY CONVERTERS TO LEAD SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, DURING FORECAST PERIOD
    • FIGURE 10 ABOVE 200 MVAR SEGMENT IS EXPECTED TO LEAD SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, DURING FORECAST PERIOD
    • FIGURE 11 ELECTRICAL UTILITIES ARE EXPECTED TO LEAD SYNCHRONOUS CONDENSER MARKET, BY END USER, DURING FORECAST PERIOD
    • FIGURE 12 NEW SYNCHRONOUS CONDENSERS ARE EXPECTED TO LEAD SYNCHRONOUS CONDENSER MARKET, BY TYPE, DURING FORECAST PERIOD
    • FIGURE 13 NORTH AMERICA IS EXPECTED TO DOMINATE SYNCHRONOUS CONDENSER MARKET, BY REGION, IN TERMS OF CAGR (2020-2025)

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES IN SYNCHRONOUS CONDENSER MARKET
    • FIGURE 14 GOVERNMENT INITIATIVES TO REPLACE FOSSIL FUELS & NUCLEAR POWER GENERATION CAPACITY WITH RENEWABLES AND GROWING NEED FOR POWER FACTOR CORRECTION ARE EXPECTED TO DRIVE SYNCHRONOUS CONDENSER MARKET, 2020-2025
  • 4.2 SYNCHRONOUS CONDENSER MARKET, BY REGION
    • FIGURE 15 NORTH AMERICAN SYNCHRONOUS CONDENSER MARKET, BY REGION, IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • 4.3 SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE
    • FIGURE 16 HYDROGEN-COOLED SEGMENT DOMINATED SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, IN 2019
  • 4.4 SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD
    • FIGURE 17 STATIC FREQUENCY CONVERTERS DOMINATED SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, IN 2019
  • 4.5 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING (MVAR)
    • FIGURE 18 NEW SYNCHRONOUS CONDENSERS HELD LARGEST SHARE OF SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING (MVAR), IN 2019
  • 4.6 SYNCHRONOUS CONDENSER MARKET, BY END USER
    • FIGURE 19 ELECTRICAL UTILITIES HELD LARGER SHARE OF SYNCHRONOUS CONDENSER MARKET, BY END USER, IN 2019
  • 4.7 SYNCHRONOUS CONDENSER MARKET, BY TYPE
    • FIGURE 20 NEW SYNCHRONOUS CONDENSERS DOMINATED SYNCHRONOUS CONDENSER MARKET, BY TYPE, IN 2019

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 COVID-19 HEALTH ASSESSMENT
    • FIGURE 21 COVID-19: GLOBAL PROPAGATION
  • 5.3 MARKET DYNAMICS
    • FIGURE 22 SYNCHRONOUS CONDENSER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
    • 5.3.1 DRIVERS
      • 5.3.1.1 Increasing demand for renewable power generation
    • FIGURE 23 ELECTRICITY MIX (TWH), OECD, 2019
      • 5.3.1.2 Growing need for Power Factor Correction (PFC)
    • 5.3.2 RESTRAINTS
      • 5.3.2.1 High maintenance and equipment costs of synchronous condensers
    • 5.3.3 OPPORTUNITIES
      • 5.3.3.1 Converting the existing synchronous generators into synchronous condensers
      • 5.3.3.2 Expanding High-Voltage Direct Current (HVDC) network
    • 5.3.4 CHALLENGES
      • 5.3.4.1 Availability of low-cost alternatives such as synchronous generators, capacitors, and STATCOM
    • TABLE 2 COMPARISON BETWEEN SYNCHRONOUS CONDENSER AND ITS ALTERNATIVES
      • 5.3.4.2 Rising product costs due to shortage of components/parts used in manufacturing synchronous condensers due to COVID-19
  • 5.4 YC-SHIFT
    • 5.4.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR SYNCHRONOUS CONDENSER MANUFACTURERS
    • FIGURE 24 REVENUE SHIFT FOR SYNCHRONOUS CONDENSER
  • 5.5 MARKET MAP
    • FIGURE 25 MARKET MAP FOR SYNCHRONOUS CONDENSER
  • 5.6 AVERAGE PRICING OF SYNCHRONOUS CONDENSER
  • 5.7 VALUE CHAIN ANALYSIS
    • FIGURE 26 SYNCHRONOUS CONDENSER VALUE CHAIN
    • 5.7.1 RAW MATERIAL PROVIDERS/ SUPPLIERS
    • 5.7.2 COMPONENT MANUFACTURERS
    • 5.7.3 ASSEMBLERS/MANUFACTURERS
    • 5.7.4 DISTRIBUTORS (BUYERS)/ END USERS AND POST-SALES SERVICES
  • 5.8 CASE STUDY ANALYSIS
    • 5.8.1 TERNA'S SYNCHRONOUS CONDENSER SUCCESS
      • 5.8.1.1 Problem statement
      • 5.8.1.2 Possible solution by GE's synchronous condenser
  • 5.9 TECHNOLOGY ANALYSIS
  • 5.10 REGULATORY LANDSCAPE
    • 5.10.1 REGULATORY FRAMEWORK IN NORTH AMERICA
    • 5.10.2 REGULATORY FRAMEWORK IN EUROPE
  • 5.11 PORTER'S FIVE FORCES ANALYSIS
    • FIGURE 27 PORTER'S FIVE FORCES ANALYSIS
    • 5.11.1 THREAT OF SUBSTITUTES
    • 5.11.2 BARGAINING POWER OF SUPPLIERS
    • 5.11.3 BARGAINING POWER OF BUYERS
    • 5.11.4 THREAT OF NEW ENTRANTS
    • 5.11.5 INTENSITY OF COMPETITIVE RIVALRY

6 IMPACT OF COVID-19 ON SYNCHRONOUS CONDENSER MARKET, SCENARIO ANALYSIS, BY REGION

  • 6.1 SCENARIO ANALYSIS
    • FIGURE 28 CRITERIA IMPACTING GLOBAL ECONOMY
    • 6.1.1 OPTIMISTIC SCENARIO
    • TABLE 3 OPTIMISTIC SCENARIO: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
    • 6.1.2 REALISTIC SCENARIO
    • TABLE 4 REALISTIC SCENARIO: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
    • 6.1.3 PESSIMISTIC SCENARIO
    • TABLE 5 PESSIMISTIC SCENARIO: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)

7 SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE

  • 7.1 INTRODUCTION
    • FIGURE 29 HYDROGEN-COOLED SYNCHRONOUS CONDENSERS ACCOUNTED FOR LARGEST MARKET SHARE IN 2019
    • TABLE 6 SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2018-2025 (USD MILLION)
  • 7.2 HYDROGEN COOLED
    • 7.2.1 HIGH THERMAL CONDUCTIVITY OF HYDROGEN-COOLED SYNCHRONOUS CONDENSERS IS EXPECTED TO FOSTER THEIR DEMAND
    • TABLE 7 HYDROGEN COOLED: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
  • 7.3 AIR COOLED
    • 7.3.1 IMPROVED COOLING FEATURE OF AIR-COOLED SYNCHRONOUS CONDENSERS USING AIR CIRCULATION IS LIKELY TO FUEL MARKET GROWTH
    • TABLE 8 AIR COOLED: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
  • 7.4 WATER COOLED
    • 7.4.1 COST EFFICIENCY OF WATER-COOLED SYNCHRONOUS CONDENSERS OVER THEIR HYDROGEN-COOLED COUNTERPART IS LIKELY TO FOSTER THEIR DEMAND IN MARKET
    • TABLE 9 WATER COOLED: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)

8 SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD

  • 8.1 INTRODUCTION
    • FIGURE 30 STATIC FREQUENCY CONVERTER SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2019
    • TABLE 10 SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2018-2025 (USD MILLION)
  • 8.2 STATIC FREQUENCY CONVERTERS
    • 8.2.1 LOW INSTALLATION COSTS AND LOW NOISE FEATURES ARE EXPECTED TO BOOST DEMAND FOR STATIC FREQUENCY CONVERTERS
    • TABLE 11 STATIC FREQUENCY CONVERTERS: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
  • 8.3 PONY MOTORS
    • 8.3.1 LOW COST OF PONY MOTORS IS LIKELY TO FOSTER THEIR DEMAND IN SYNCHRONOUS CONDENSER MARKET
    • TABLE 12 PONY MOTORS: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
  • 8.4 OTHERS
    • TABLE 13 OTHERS: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)

9 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING (MVAR)

  • 9.1 INTRODUCTION
    • FIGURE 31 ABOVE 200 MVAR SYNCHRONOUS CONDENSER SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2019
    • TABLE 14 SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2018-2025 (USD MILLION)
  • 9.2 UP TO 100 MVAR SYNCHRONOUS CONDENSERS
    • 9.2.1 GROWING USAGE OF AIR- & WATER-COOLED SYNCHRONOUS CONDENSERS IS EXPECTED TO FOSTER DEMAND FOR SYNCHRONOUS CONDENSERS OF UP TO 100 MVAR
    • TABLE 15 UP TO 100 MVAR: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
  • 9.3 100-200 MVAR SYNCHRONOUS CONDENSERS
    • 9.3.1 USE OF 100-200 MVAR SYNCHRONOUS CONDENSERS FOR TRANSMISSION SYSTEM STABILITY IS LIKELY TO FOSTER THEIR DEMAND
    • TABLE 16 100-200 MVAR: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
  • 9.4 ABOVE 200 MVAR SYNCHRONOUS CONDENSERS
    • 9.4.1 GROWING USE OF HYDROGEN-COOLED SYNCHRONOUS CONDENSERS IS EXPECTED TO BOOST THEIR DEMAND
    • TABLE 17 ABOVE 200 MVAR: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)

10 SYNCHRONOUS CONDENSER MARKET, BY END USER

  • 10.1 INTRODUCTION
    • FIGURE 32 ELECTRICAL UTILITIES ACCOUNTED FOR LARGER MARKET SHARE IN 2019
    • TABLE 18 SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2018-2025 (USD MILLION)
  • 10.2 ELECTRICAL UTILITIES
    • 10.2.1 DEMAND FOR GRID STABILITY AND CONTROLLING VOLTAGE FLUCTUATIONS IS EXPECTED TO DRIVE MARKET
    • TABLE 19 ELECTRICAL UTILITIES: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
  • 10.3 INDUSTRIES
    • 10.3.1 REQUIREMENT FOR INDUSTRIAL LOADS' POWER FACTOR CORRECTION IS LIKELY TO DRIVE MARKET
    • TABLE 20 INDUSTRIES: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)

11 SYNCHRONOUS CONDENSER MARKET, BY TYPE

  • 11.1 INTRODUCTION
    • FIGURE 33 NEW SYNCHRONOUS CONDENSERS ACCOUNTED FOR LARGER MARKET SHARE IN 2019
    • TABLE 21 SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
  • 11.2 NEW SYNCHRONOUS CONDENSERS
    • 11.2.1 EXPANSION OF HVDC NETWORK IS LIKELY TO GENERATE DEMAND FOR NEW SYNCHRONOUS CONDENSERS
    • TABLE 22 NEW: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
  • 11.3 REFURBISHED SYNCHRONOUS CONDENSERS
    • 11.3.1 REFURBISHED SYNCHRONOUS CONDENSERS ARE MORE ECONOMICAL, WHICH IS LIKELY TO PROPEL MARKET GROWTH
    • TABLE 23 REFURBISHED: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)

12 SYNCHRONOUS CONDENSER MARKET, BY REGION

  • 12.1 INTRODUCTION
    • FIGURE 34 REGIONAL SNAPSHOT: NORTH AMERICAN SYNCHRONOUS CONDENSER MARKET IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    • FIGURE 35 SYNCHRONOUS CONDENSER MARKET SHARE (VALUE), BY REGION, 2019
    • TABLE 24 SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
    • TABLE 25 SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2018-2025 (UNITS)
    • 12.1.1 IMPACT OF COVID-19 ON GLOBAL SYNCHRONOUS CONDENSER MARKET
    • TABLE 26 GLOBAL: COVID-19 IMPACT ON SYNCHRONOUS CONDENSER MARKET SIZE, 2018-2025 (USD MILLION)
    • FIGURE 36 GLOBAL: COVID-19 IMPACT ON SYNCHRONOUS CONDENSER MARKET, 2018-2025 (USD MILLION)
  • 12.2 NORTH AMERICA
    • 12.2.1 INTRODUCTION
    • FIGURE 37 NORTH AMERICA: REGIONAL SNAPSHOT
    • TABLE 27 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2018-2025 (USD MILLION)
    • TABLE 28 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2018-2025 (USD MILLION)
    • TABLE 29 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2018-2025 (USD MILLION)
    • TABLE 30 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2018-2025 (USD MILLION)
    • TABLE 31 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
    • TABLE 32 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
    • 12.2.2 IMPACT OF COVID-19 ON NORTH AMERICAN MARKET
    • TABLE 33 NORTH AMERICA: COVID-19 IMPACT ON SYNCHRONOUS CONDENSER MARKET SIZE, 2018-2025 (USD MILLION)
    • FIGURE 38 NORTH AMERICA: IMPACT OF COVID-19 ON SYNCHRONOUS CONDENSER MARKET, 2018-2025 (USD MILLION)
    • 12.2.3 US
      • 12.2.3.1 Mercury and Air Toxics Standards' compliance and growing demand for renewables are expected to increase demand
    • TABLE 34 US: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2018-2025 (USD MILLION)
    • TABLE 35 US: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2018-2025 (USD MILLION)
    • TABLE 36 US: SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2018-2025 (USD MILLION)
    • TABLE 37 US: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2018-2025 (USD MILLION)
    • TABLE 38 US: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
    • 12.2.4 CANADA
      • 12.2.4.1 Rising investments in renewable power generation are likely to propel market growth
    • TABLE 39 CANADA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2018-2025 (USD MILLION)
    • TABLE 40 CANADA: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2018-2025 (USD MILLION)
    • TABLE 41 CANADA: SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2018-2025 (USD MILLION)
    • TABLE 42 CANADA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2018-2025 (USD MILLION)
    • TABLE 43 CANADA: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
  • 12.3 EUROPE
    • 12.3.1 INTRODUCTION
    • FIGURE 39 EUROPE: REGIONAL SNAPSHOT
    • TABLE 44 EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2018-2025 (USD MILLION)
    • TABLE 45 EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2018-2025 (USD MILLION)
    • TABLE 46 EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2018-2025 (USD MILLION)
    • TABLE 47 EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2018-2025 (USD MILLION)
    • TABLE 48 EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
    • TABLE 49 EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
    • 12.3.2 IMPACT OF COVID-19 ON MARKET IN EUROPE
    • TABLE 50 EUROPE: IMPACT OF COVID-19 ON SYNCHRONOUS CONDENSER MARKET SIZE, 2018-2025 (USD MILLION)
    • FIGURE 40 EUROPE: COVID-19 IMPACT ON SYNCHRONOUS CONDENSER MARKET, 2018-2025 (USD MILLION)
    • 12.3.3 ITALY
      • 12.3.3.1 Integrating renewable sources in grid systems is expected to boost demand
    • TABLE 51 ITALY: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2018-2025 (USD MILLION)
    • TABLE 52 ITALY: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2018-2025 (USD MILLION)
    • TABLE 53 ITALY: SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2018-2025 (USD MILLION)
    • TABLE 54 ITALY: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2018-2025 (USD MILLION)
    • TABLE 55 ITALY: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
    • 12.3.4 GERMANY
      • 12.3.4.1 Government initiatives to replace fossil fuels and nuclear power generation with renewables are likely to accelerate demand
    • TABLE 56 GERMANY: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2018-2025 (USD MILLION)
    • TABLE 57 GERMANY: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2018-2025 (USD MILLION)
    • TABLE 58 GERMANY: SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2018-2025 (USD MILLION)
    • TABLE 59 GERMANY: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2018-2025 (USD MILLION)
    • TABLE 60 GERMANY: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
    • 12.3.5 NORWAY
      • 12.3.5.1 Growing investments in HVDC network are likely to drive demand
    • TABLE 61 NORWAY: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2018-2025 (USD MILLION)
    • TABLE 62 NORWAY: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2018-2025 (USD MILLION)
    • TABLE 63 NORWAY: SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2018-2025 (USD MILLION)
    • TABLE 64 NORWAY: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2018-2025 (USD MILLION)
    • TABLE 65 NORWAY: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
    • 12.3.6 REST OF EUROPE
    • TABLE 66 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2018-2025 (USD MILLION)
    • TABLE 67 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2018-2025 (USD MILLION)
    • TABLE 68 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2018-2025 (USD MILLION)
    • TABLE 69 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2018-2025 (USD MILLION)
    • TABLE 70 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
  • 12.4 SOUTH AMERICA
    • 12.4.1 INTRODUCTION
    • TABLE 71 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2018-2025 (USD MILLION)
    • TABLE 72 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2018-2025 (USD MILLION)
    • TABLE 73 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2018-2025 (USD MILLION)
    • TABLE 74 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2018-2025(USD MILLION)
    • TABLE 75 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
    • TABLE 76 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
    • 12.4.2 IMPACT OF COVID-19 ON MARKET IN SOUTH AMERICA
    • TABLE 77 SOUTH AMERICA: IMPACT OF COVID-19 ON SYNCHRONOUS CONDENSER MARKET SIZE, 2018-2025 (USD MILLION)
    • FIGURE 41 SOUTH AMERICA: IMPACT OF COVID-19 ON SYNCHRONOUS CONDENSER MARKET, 2018-2025 (USD MILLION)
    • 12.4.3 BRAZIL
      • 12.4.3.1 Surging demand for power factor correction equipment is likely to drive Brazilian synchronous condenser market
    • TABLE 78 BRAZIL: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2018-2025 (USD MILLION)
    • TABLE 79 BRAZIL: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2018-2025 (USD MILLION)
    • TABLE 80 BRAZIL: SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2018-2025 (USD MILLION)
    • TABLE 81 BRAZIL: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2018-2025 (USD MILLION)
    • TABLE 82 BRAZIL: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
    • 12.4.4 REST OF SOUTH AMERICA
    • TABLE 83 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2018-2025 (USD MILLION)
    • TABLE 84 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2018-2025 (USD MILLION)
    • TABLE 85 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2018-2025 (USD MILLION)
    • TABLE 86 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2018-2025 (USD MILLION)
    • TABLE 87 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
  • 12.5 REST OF THE WORLD (ROW)
    • 12.5.1 INTRODUCTION
    • TABLE 88 REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2018-2025 (USD MILLION)
    • TABLE 89 REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2018-2025 (USD MILLION)
    • TABLE 90 REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2018-2025 (USD MILLION)
    • TABLE 91 REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2018-2025 (USD MILLION)
    • TABLE 92 REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
    • TABLE 93 REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
    • 12.5.2 IMPACT OF COVID-19 ON MARKET IN REST OF THE WORLD
    • TABLE 94 REST OF THE WORLD: IMPACT OF COVID-19 ON SYNCHRONOUS CONDENSER MARKET SIZE, 2018-2025 (USD MILLION)
    • FIGURE 42 REST OF THE WORLD: IMPACT OF COVID-19 ON SYNCHRONOUS CONDENSER MARKET, 2018-2025 (USD MILLION)
    • 12.5.3 AUSTRALIA
    • TABLE 95 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2018-2025 (USD MILLION)
    • TABLE 96 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2018-2025 (USD MILLION)
    • TABLE 97 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2018-2025 (USD MILLION)
    • TABLE 98 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2018-2025 (USD MILLION)
    • TABLE 99 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
    • 12.5.4 OTHER COUNTRIES OF ROW
    • TABLE 100 OTHER COUNTRIES OF ROW: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2018-2025 (USD MILLION)
    • TABLE 101 OTHER COUNTRIES OF ROW: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2018-2025 (USD MILLION)
    • TABLE 102 OTHER COUNTRIES OF ROW: SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2018-2025 (USD MILLION)
    • TABLE 103 OTHER COUNTRIES OF ROW: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2018-2025 (USD MILLION)
    • TABLE 104 OTHER COUNTRIES OF ROW: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)

13 COMPETITIVE LANDSCAPE

  • 13.1 OVERVIEW
    • FIGURE 43 KEY DEVELOPMENTS IN SYNCHRONOUS CONDENSER MARKET DURING JANUARY 2016-NOVEMBER 2020
  • 13.2 MARKET SHARE ANALYSIS, 2019
    • FIGURE 44 MARKET SHARE ANALYSIS, 2019
  • 13.3 MARKET EVALUATION FRAMEWORK
    • TABLE 105 MARKET EVALUATION FRAMEWORK
  • 13.4 SYNCHRONOUS CONDENSER REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
    • FIGURE 45 TOP 5 PLAYERS HAVE DOMINATED MARKET IN LAST 5 YEARS
  • 13.5 KEY MARKET DEVELOPMENTS
    • 13.5.1 PRODUCT LAUNCHES
    • 13.5.2 CONTRACTS & AGREEMENTS
    • 13.5.3 COLLABORATIONS
    • 13.5.4 MERGERS & ACQUISITIONS

14 COMPANY EVALUATION QUADRANT AND COMPANY PROFILES

  • 14.1 COMPANY EVALUATION QUADRANT DEFINITIONS AND METHODOLOGY
    • 14.1.1 STARS
    • 14.1.2 INNOVATORS
    • 14.1.3 PERVASIVE
    • 14.1.4 EMERGING COMPANIES
    • FIGURE 46 SYNCHRONOUS CONDENSER MARKET COMPANY EVALUATION QUADRANT, 2019
    • 14.1.5 PRODUCT FOOTPRINT ANALYSIS OF TOP PLAYERS
    • FIGURE 47 PRODUCT FOOTPRINT ANALYSIS OF TOP PLAYERS IN THE SYNCHRONOUS CONDENSER MARKET
  • 14.2 COMPANY PROFILES
  • *Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
    • 14.2.1 ABB
    • FIGURE 48 ABB: COMPANY SNAPSHOT
    • 14.2.2 SIEMENS
    • FIGURE 49 SIEMENS: COMPANY SNAPSHOT
    • 14.2.3 GE
    • FIGURE 50 GE: COMPANY SNAPSHOT
    • 14.2.4 WEG
    • FIGURE 51 WEG: COMPANY SNAPSHOT
    • 14.2.5 EATON
    • FIGURE 52 EATON: COMPANY SNAPSHOT
    • 14.2.6 ANDRITZ
    • FIGURE 53 ANDRITZ: COMPANY SNAPSHOT
    • 14.2.7 ANSALDO ENERGIA
    • FIGURE 54 ANSALDO ENERGIA: COMPANY SNAPSHOT
    • 14.2.8 FUJI ELECTRIC
    • FIGURE 55 FUJI ELECTRIC: COMPANY SNAPSHOT
    • 14.2.9 VOITH GROUP
    • FIGURE 56 VOITH GROUP: COMPANY SNAPSHOT
    • 14.2.10 BHARAT HEAVY ELECTRICALS LIMITED (BHEL)
    • FIGURE 57 BHARAT HEAVY ELECTRICALS LIMITED (BHEL): COMPANY SNAPSHOT
    • 14.2.11 IDEAL ELECTRIC POWER (HYUNDAI IDEAL ELECTRIC CO.)
    • 14.2.12 SUSTAINABLE POWER SYSTEMS
    • 14.2.13 POWER SYSTEMS & CONTROLS
    • 14.2.14 BRUSH GROUP
    • 14.2.15 ELECTROMECHANICAL ENGINEERING ASSOCIATES
  • (Business overview, Solutions offered, Recent developments, COVID-19 Related developments, MnM view, Key strengths/right to win, Strategic choices, Weaknesses and competitive threats)**

15 APPENDIX

  • 15.1 INSIGHTS OF INDUSTRY EXPERTS
  • 15.2 DISCUSSION GUIDE
  • 15.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 15.4 AVAILABLE CUSTOMIZATIONS
  • 15.5 RELATED REPORTS
  • 15.6 AUTHOR DETAILS
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