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synchronous condenser Market
Synchronous Condenser Market to 2027 - Global Analysis and Forecasts by Cooling Type (Hydrogen-cooled, Air-cooled, Water-cooled); Reactive Power Rating (Up to 100 MVAr, 100-200 MVAr, Above 200 MVAr); Starting Method (Static frequency converter, Pony motor, Others); Application (Electrical Utilities and Grid Operators, Metal and Mining, Marine, Oil and Gas, Others) and Geography
- Code: TIP00019666
- The Insight Partners
- Feb-2024
- Electronics and Semiconductor
- 150 Pages
- Upcoming
Synchronous motors deployed for power factor alignment in the power lines are defined as synchronous condensers. The lagging power factors within the electrical circuits that have inductive loads are encountered with lowering efficiencies and require an equipment to control this loss. Synchronous condensers neutralize the lagging power factor in such circuits. Further, the hydrogen-cooled synchronous condensers are anticipated to garner largest market share in the synchronous condenser market through the forecast period.
MARKET DYNAMICS
The rising demands for renewable power generation and the need for power factor corrections are anticipated to be the major drivers for the synchronous condenser market. Higher costs of installations and equipment maintenance would pose a challenge to the growth of the synchronous condenser market. Increasing interests towards transforming the legacy synchronous generators into synchronous condensers would provide good opportunities to the players operating in the synchronous condenser market.
MARKET SCOPE
The "Global Synchronous Condenser Market Analysis to 2027" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the synchronous condenser market with detailed market segmentation by cooling type, reactive power rating, starting method, application, and geography. The global synchronous condenser market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading synchronous condenser market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global synchronous condenser market is segmented on the basis of cooling type, reactive power rating, starting method, and application. Based on cooling type, the synchronous condenser market is segmented into hydrogen-cooled, air-cooled, and water-cooled. On the basis of reactive power rating, the synchronous condenser market is segmented into Up to 100 MVAr, 100-200 MVAr, and above 200 MVAr. Further, the synchronous condenser market is segmented on the basis of starting method into static frequency converter, pony motor, and others. The synchronous condenser market on the basis of the application is classified into electrical utilities and grid operators, metal and mining, marine, oil and gas, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global synchronous condenser market based on various segments. It also provides market size and forecast estimates from the year 2018 to 202- with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The synchronous condenser market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the synchronous condenser market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the synchronous condenser in these regions.
MARKET PLAYERS
The reports cover key developments in the synchronous condenser market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from synchronous condenser market are anticipated to lucrative growth opportunities in the future with the rising demand for synchronous condenser in the global market. Below mentioned is the list of few companies engaged in the synchronous condenser market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the synchronous condenser market. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of the last 3 years, the key development in the past five years.
- ABB Ltd.
- BRUSH Group
- Eaton Corporation PLC
- Fuji Electric Co., Ltd.
- General Electric
- Hyundai Idela Electric Co.
- Mitsubishi Electric Corporation
- Siemens AG
- Voith GmBH
- WEG Electric Corp.
Accusource Electronics, Advantest Corporation, ARM Ltd., Conres, Fortive, Hantek, National Instruments, NCI Logic Analyzers, OWON Technology, RED Pitaya, Rigol Technologies, Rohde & Schwarz, Saleae, Scientech Technologies, Yokogawa Electric, and Zeroplus are few other market players from value chain in the logic analyzer market which are not profiled in the report but the can be included based on request.
TABLE OF CONTENTS
1. INTRODUCTION1.1. SCOPE OF THE STUDY
1.2. PublisherS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Synchronous Condenser Market - By Cooling Type
1.3.2 Synchronous Condenser Market - By Reactive Power Rating
1.3.3 Synchronous Condenser Market - By Starting Method
1.3.4 Synchronous Condenser Market - By Application
1.3.5 Synchronous Condenser Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SYNCHRONOUS CONDENSER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SYNCHRONOUS CONDENSER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SYNCHRONOUS CONDENSER MARKET - GLOBAL MARKET ANALYSIS
6.1. SYNCHRONOUS CONDENSER - GLOBAL MARKET OVERVIEW
6.2. SYNCHRONOUS CONDENSER - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. SYNCHRONOUS CONDENSER MARKET - REVENUE AND FORECASTS TO 2027 - COOLING TYPE
7.1. OVERVIEW
7.2. COOLING TYPE MARKET FORECASTS AND ANALYSIS
7.3. HYDROGEN-COOLED
7.3.1. Overview
7.3.2. Hydrogen-cooled Market Forecast and Analysis
7.4. AIR-COOLED
7.4.1. Overview
7.4.2. Air-cooled Market Forecast and Analysis
7.5. WATER-COOLED
7.5.1. Overview
7.5.2. Water-cooled Market Forecast and Analysis
8. SYNCHRONOUS CONDENSER MARKET - REVENUE AND FORECASTS TO 2027 - REACTIVE POWER RATING
8.1. OVERVIEW
8.2. REACTIVE POWER RATING MARKET FORECASTS AND ANALYSIS
8.3. UP TO 100 MVAR
8.3.1. Overview
8.3.2. Up to 100 MVAr Market Forecast and Analysis
8.4. 100-200 MVAR
8.4.1. Overview
8.4.2. 100-200 MVAr Market Forecast and Analysis
8.5. ABOVE 200 MVAR
8.5.1. Overview
8.5.2. Above 200 MVAr Market Forecast and Analysis
9. SYNCHRONOUS CONDENSER MARKET - REVENUE AND FORECASTS TO 2027 - STARTING METHOD
9.1. OVERVIEW
9.2. STARTING METHOD MARKET FORECASTS AND ANALYSIS
9.3. STATIC FREQUENCY CONVERTER
9.3.1. Overview
9.3.2. Static frequency converter Market Forecast and Analysis
9.4. PONY MOTOR
9.4.1. Overview
9.4.2. Pony motor Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. SYNCHRONOUS CONDENSER MARKET - REVENUE AND FORECASTS TO 2027 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. ELECTRICAL UTILITIES AND GRID OPERATORS
10.3.1. Overview
10.3.2. Electrical Utilities and Grid Operators Market Forecast and Analysis
10.4. METAL AND MINING
10.4.1. Overview
10.4.2. Metal and Mining Market Forecast and Analysis
10.5. MARINE
10.5.1. Overview
10.5.2. Marine Market Forecast and Analysis
10.6. OIL AND GAS
10.6.1. Overview
10.6.2. Oil and Gas Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. SYNCHRONOUS CONDENSER MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Synchronous Condenser Market Overview
11.1.2 North America Synchronous Condenser Market Forecasts and Analysis
11.1.3 North America Synchronous Condenser Market Forecasts and Analysis - By Cooling Type
11.1.4 North America Synchronous Condenser Market Forecasts and Analysis - By Reactive Power Rating
11.1.5 North America Synchronous Condenser Market Forecasts and Analysis - By Starting Method
11.1.6 North America Synchronous Condenser Market Forecasts and Analysis - By Application
11.1.7 North America Synchronous Condenser Market Forecasts and Analysis - By Countries
11.1.7.1 United States Synchronous Condenser Market
11.1.7.1.1 United States Synchronous Condenser Market by Cooling Type
11.1.7.1.2 United States Synchronous Condenser Market by Reactive Power Rating
11.1.7.1.3 United States Synchronous Condenser Market by Starting Method
11.1.7.1.4 United States Synchronous Condenser Market by Application
11.1.7.2 Canada Synchronous Condenser Market
11.1.7.2.1 Canada Synchronous Condenser Market by Cooling Type
11.1.7.2.2 Canada Synchronous Condenser Market by Reactive Power Rating
11.1.7.2.3 Canada Synchronous Condenser Market by Starting Method
11.1.7.2.4 Canada Synchronous Condenser Market by Application
11.1.7.3 Mexico Synchronous Condenser Market
11.1.7.3.1 Mexico Synchronous Condenser Market by Cooling Type
11.1.7.3.2 Mexico Synchronous Condenser Market by Reactive Power Rating
11.1.7.3.3 Mexico Synchronous Condenser Market by Starting Method
11.1.7.3.4 Mexico Synchronous Condenser Market by Application
11.2. EUROPE
11.2.1 Europe Synchronous Condenser Market Overview
11.2.2 Europe Synchronous Condenser Market Forecasts and Analysis
11.2.3 Europe Synchronous Condenser Market Forecasts and Analysis - By Cooling Type
11.2.4 Europe Synchronous Condenser Market Forecasts and Analysis - By Reactive Power Rating
11.2.5 Europe Synchronous Condenser Market Forecasts and Analysis - By Starting Method
11.2.6 Europe Synchronous Condenser Market Forecasts and Analysis - By Application
11.2.7 Europe Synchronous Condenser Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Synchronous Condenser Market
11.2.7.1.1 Germany Synchronous Condenser Market by Cooling Type
11.2.7.1.2 Germany Synchronous Condenser Market by Reactive Power Rating
11.2.7.1.3 Germany Synchronous Condenser Market by Starting Method
11.2.7.1.4 Germany Synchronous Condenser Market by Application
11.2.7.2 France Synchronous Condenser Market
11.2.7.2.1 France Synchronous Condenser Market by Cooling Type
11.2.7.2.2 France Synchronous Condenser Market by Reactive Power Rating
11.2.7.2.3 France Synchronous Condenser Market by Starting Method
11.2.7.2.4 France Synchronous Condenser Market by Application
11.2.7.3 Italy Synchronous Condenser Market
11.2.7.3.1 Italy Synchronous Condenser Market by Cooling Type
11.2.7.3.2 Italy Synchronous Condenser Market by Reactive Power Rating
11.2.7.3.3 Italy Synchronous Condenser Market by Starting Method
11.2.7.3.4 Italy Synchronous Condenser Market by Application
11.2.7.4 United Kingdom Synchronous Condenser Market
11.2.7.4.1 United Kingdom Synchronous Condenser Market by Cooling Type
11.2.7.4.2 United Kingdom Synchronous Condenser Market by Reactive Power Rating
11.2.7.4.3 United Kingdom Synchronous Condenser Market by Starting Method
11.2.7.4.4 United Kingdom Synchronous Condenser Market by Application
11.2.7.5 Russia Synchronous Condenser Market
11.2.7.5.1 Russia Synchronous Condenser Market by Cooling Type
11.2.7.5.2 Russia Synchronous Condenser Market by Reactive Power Rating
11.2.7.5.3 Russia Synchronous Condenser Market by Starting Method
11.2.7.5.4 Russia Synchronous Condenser Market by Application
11.2.7.6 Rest of Europe Synchronous Condenser Market
11.2.7.6.1 Rest of Europe Synchronous Condenser Market by Cooling Type
11.2.7.6.2 Rest of Europe Synchronous Condenser Market by Reactive Power Rating
11.2.7.6.3 Rest of Europe Synchronous Condenser Market by Starting Method
11.2.7.6.4 Rest of Europe Synchronous Condenser Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Synchronous Condenser Market Overview
11.3.2 Asia-Pacific Synchronous Condenser Market Forecasts and Analysis
11.3.3 Asia-Pacific Synchronous Condenser Market Forecasts and Analysis - By Cooling Type
11.3.4 Asia-Pacific Synchronous Condenser Market Forecasts and Analysis - By Reactive Power Rating
11.3.5 Asia-Pacific Synchronous Condenser Market Forecasts and Analysis - By Starting Method
11.3.6 Asia-Pacific Synchronous Condenser Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Synchronous Condenser Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Synchronous Condenser Market
11.3.7.1.1 Australia Synchronous Condenser Market by Cooling Type
11.3.7.1.2 Australia Synchronous Condenser Market by Reactive Power Rating
11.3.7.1.3 Australia Synchronous Condenser Market by Starting Method
11.3.7.1.4 Australia Synchronous Condenser Market by Application
11.3.7.2 China Synchronous Condenser Market
11.3.7.2.1 China Synchronous Condenser Market by Cooling Type
11.3.7.2.2 China Synchronous Condenser Market by Reactive Power Rating
11.3.7.2.3 China Synchronous Condenser Market by Starting Method
11.3.7.2.4 China Synchronous Condenser Market by Application
11.3.7.3 India Synchronous Condenser Market
11.3.7.3.1 India Synchronous Condenser Market by Cooling Type
11.3.7.3.2 India Synchronous Condenser Market by Reactive Power Rating
11.3.7.3.3 India Synchronous Condenser Market by Starting Method
11.3.7.3.4 India Synchronous Condenser Market by Application
11.3.7.4 Japan Synchronous Condenser Market
11.3.7.4.1 Japan Synchronous Condenser Market by Cooling Type
11.3.7.4.2 Japan Synchronous Condenser Market by Reactive Power Rating
11.3.7.4.3 Japan Synchronous Condenser Market by Starting Method
11.3.7.4.4 Japan Synchronous Condenser Market by Application
11.3.7.5 South Korea Synchronous Condenser Market
11.3.7.5.1 South Korea Synchronous Condenser Market by Cooling Type
11.3.7.5.2 South Korea Synchronous Condenser Market by Reactive Power Rating
11.3.7.5.3 South Korea Synchronous Condenser Market by Starting Method
11.3.7.5.4 South Korea Synchronous Condenser Market by Application
11.3.7.6 Rest of Asia-Pacific Synchronous Condenser Market
11.3.7.6.1 Rest of Asia-Pacific Synchronous Condenser Market by Cooling Type
11.3.7.6.2 Rest of Asia-Pacific Synchronous Condenser Market by Reactive Power Rating
11.3.7.6.3 Rest of Asia-Pacific Synchronous Condenser Market by Starting Method
11.3.7.6.4 Rest of Asia-Pacific Synchronous Condenser Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Synchronous Condenser Market Overview
11.4.2 Middle East and Africa Synchronous Condenser Market Forecasts and Analysis
11.4.3 Middle East and Africa Synchronous Condenser Market Forecasts and Analysis - By Cooling Type
11.4.4 Middle East and Africa Synchronous Condenser Market Forecasts and Analysis - By Reactive Power Rating
11.4.5 Middle East and Africa Synchronous Condenser Market Forecasts and Analysis - By Starting Method
11.4.6 Middle East and Africa Synchronous Condenser Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Synchronous Condenser Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Synchronous Condenser Market
11.4.7.1.1 South Africa Synchronous Condenser Market by Cooling Type
11.4.7.1.2 South Africa Synchronous Condenser Market by Reactive Power Rating
11.4.7.1.3 South Africa Synchronous Condenser Market by Starting Method
11.4.7.1.4 South Africa Synchronous Condenser Market by Application
11.4.7.2 Saudi Arabia Synchronous Condenser Market
11.4.7.2.1 Saudi Arabia Synchronous Condenser Market by Cooling Type
11.4.7.2.2 Saudi Arabia Synchronous Condenser Market by Reactive Power Rating
11.4.7.2.3 Saudi Arabia Synchronous Condenser Market by Starting Method
11.4.7.2.4 Saudi Arabia Synchronous Condenser Market by Application
11.4.7.3 U.A.E Synchronous Condenser Market
11.4.7.3.1 U.A.E Synchronous Condenser Market by Cooling Type
11.4.7.3.2 U.A.E Synchronous Condenser Market by Reactive Power Rating
11.4.7.3.3 U.A.E Synchronous Condenser Market by Starting Method
11.4.7.3.4 U.A.E Synchronous Condenser Market by Application
11.4.7.4 Rest of Middle East and Africa Synchronous Condenser Market
11.4.7.4.1 Rest of Middle East and Africa Synchronous Condenser Market by Cooling Type
11.4.7.4.2 Rest of Middle East and Africa Synchronous Condenser Market by Reactive Power Rating
11.4.7.4.3 Rest of Middle East and Africa Synchronous Condenser Market by Starting Method
11.4.7.4.4 Rest of Middle East and Africa Synchronous Condenser Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Synchronous Condenser Market Overview
11.5.2 South and Central America Synchronous Condenser Market Forecasts and Analysis
11.5.3 South and Central America Synchronous Condenser Market Forecasts and Analysis - By Cooling Type
11.5.4 South and Central America Synchronous Condenser Market Forecasts and Analysis - By Reactive Power Rating
11.5.5 South and Central America Synchronous Condenser Market Forecasts and Analysis - By Starting Method
11.5.6 South and Central America Synchronous Condenser Market Forecasts and Analysis - By Application
11.5.7 South and Central America Synchronous Condenser Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Synchronous Condenser Market
11.5.7.1.1 Brazil Synchronous Condenser Market by Cooling Type
11.5.7.1.2 Brazil Synchronous Condenser Market by Reactive Power Rating
11.5.7.1.3 Brazil Synchronous Condenser Market by Starting Method
11.5.7.1.4 Brazil Synchronous Condenser Market by Application
11.5.7.2 Argentina Synchronous Condenser Market
11.5.7.2.1 Argentina Synchronous Condenser Market by Cooling Type
11.5.7.2.2 Argentina Synchronous Condenser Market by Reactive Power Rating
11.5.7.2.3 Argentina Synchronous Condenser Market by Starting Method
11.5.7.2.4 Argentina Synchronous Condenser Market by Application
11.5.7.3 Rest of South and Central America Synchronous Condenser Market
11.5.7.3.1 Rest of South and Central America Synchronous Condenser Market by Cooling Type
11.5.7.3.2 Rest of South and Central America Synchronous Condenser Market by Reactive Power Rating
11.5.7.3.3 Rest of South and Central America Synchronous Condenser Market by Starting Method
11.5.7.3.4 Rest of South and Central America Synchronous Condenser Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. SYNCHRONOUS CONDENSER MARKET, KEY COMPANY PROFILES
13.1. ABB LTD.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BRUSH GROUP
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. EATON CORPORATION PLC
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. FUJI ELECTRIC CO., LTD.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. GENERAL ELECTRIC
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. HYUNDAI IDELA ELECTRIC CO.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. MITSUBISHI ELECTRIC CORPORATION
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. SIEMENS AG
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. VOITH GMBH
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. WEG ELECTRIC CORP.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT PublisherS
14.2. GLOSSARY OF TERMS
LIST OF TABLES
LIST OF FIGURES
The List of Companies
1.ABB Ltd.
2.BRUSH Group
3.Eaton Corporation PLC
4.Fuji Electric Co., Ltd.
5.General Electric
6.Hyundai Idela Electric Co.
7.Mitsubishi Electric Corporation
8.Siemens AG
9.Voith GmBH
10.WEG Electric Corp.
1.ABB Ltd.
2.BRUSH Group
3.Eaton Corporation PLC
4.Fuji Electric Co., Ltd.
5.General Electric
6.Hyundai Idela Electric Co.
7.Mitsubishi Electric Corporation
8.Siemens AG
9.Voith GmBH
10.WEG Electric Corp.