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Synchronous Condenser Market by Type (New, Refurbished), Cooling Type (Air Cooled, Hydrogen Cooled, Water Cooled), Reactive Power Rating (MVAr), Starting Method, End User - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 15, 2024
Length 199 Pages
SKU # IRE18450879

Description

Synchronous Condenser Market by Type (New, Refurbished), Cooling Type (Air Cooled, Hydrogen Cooled, Water Cooled), Reactive Power Rating (MVAr), Starting Method, End User - Global Forecast 2024-2030


The Synchronous Condenser Market size was estimated at USD 693.86 million in 2023 and expected to reach USD 752.61 million in 2024, at a CAGR 8.95% to reach USD 1,264.60 million by 2030.

Global Synchronous Condenser Market

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Synchronous Condenser Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Synchronous Condenser Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Synchronous Condenser Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., ANDRITZ AG, Ansaldo Energia, Brush Group, Eaton Corporation PLC, Fuji Electric Co., Ltd., General Electric Company, Ingeteam SpA, Mitsubishi Electric Corporation, Power Systems & Controls, Inc., Shanghai Electric, Siemens AG, Voith GmbH & Co. KGaA, and WEG ELECTRIC CORP..

Market Segmentation & Coverage

This research report categorizes the Synchronous Condenser Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
New
Refurbished
Cooling Type
Air Cooled
Hydrogen Cooled
Water Cooled
Reactive Power Rating (MVAr)
100–200 MVAr
Above 200 MVAr
Up to 100 MVAr
Starting Method
Damper Windings
Direct Online
Pony Motors
Static Frequency Converters
End User
Electrical Utilities
Industrial
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Synchronous Condenser Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Synchronous Condenser Market?
3. What are the technology trends and regulatory frameworks in the Synchronous Condenser Market?
4. What is the market share of the leading vendors in the Synchronous Condenser Market?
5. Which modes and strategic moves are suitable for entering the Synchronous Condenser Market?

Note: PDF & Excel + Online Access - 1 Year

Table of Contents

199 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Synchronous Condenser Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing need for Power Factor Correction (PFC)
5.1.1.2. Increasing demand for renewable power generation
5.1.1.3. Demand for grid stability and controlling voltage fluctuations in electrical utilities
5.1.2. Restraints
5.1.2.1. High maintenance and equipment costs of synchronous condensers
5.1.3. Opportunities
5.1.3.1. Existing and planned upgrades and expansion of High-Voltage Direct Current (HVDC) network
5.1.3.2. Converting the existing synchronous generators into synchronous condensers
5.1.4. Challenges
5.1.4.1. Availability of low-cost alternatives such as synchronous generators, capacitors, and STATCOM
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Synchronous Condenser Market, by Type
6.1. Introduction
6.2. New
6.3. Refurbished
7. Synchronous Condenser Market, by Cooling Type
7.1. Introduction
7.2. Air Cooled
7.3. Hydrogen Cooled
7.4. Water Cooled
8. Synchronous Condenser Market, by Reactive Power Rating (MVAr)
8.1. Introduction
8.2. 100–200 MVAr
8.3. Above 200 MVAr
8.4. Up to 100 MVAr
9. Synchronous Condenser Market, by Starting Method
9.1. Introduction
9.2. Damper Windings
9.3. Direct Online
9.4. Pony Motors
9.5. Static Frequency Converters
10. Synchronous Condenser Market, by End User
10.1. Introduction
10.2. Electrical Utilities
10.3. Industrial
11. Americas Synchronous Condenser Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Synchronous Condenser Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Synchronous Condenser Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. ABB Ltd.
15.1.2. ANDRITZ AG
15.1.3. Ansaldo Energia
15.1.4. Brush Group
15.1.5. Eaton Corporation PLC
15.1.6. Fuji Electric Co., Ltd.
15.1.7. General Electric Company
15.1.8. Ingeteam SpA
15.1.9. Mitsubishi Electric Corporation
15.1.10. Power Systems & Controls, Inc.
15.1.11. Shanghai Electric
15.1.12. Siemens AG
15.1.13. Voith GmbH & Co. KGaA
15.1.14. WEG ELECTRIC CORP.
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
FIGURE 1. SYNCHRONOUS CONDENSER MARKET RESEARCH PROCESS
FIGURE 2. SYNCHRONOUS CONDENSER MARKET SIZE, 2023 VS 2030
FIGURE 3. SYNCHRONOUS CONDENSER MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. SYNCHRONOUS CONDENSER MARKET DYNAMICS
FIGURE 7. SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 8. SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2023 VS 2030 (%)
FIGURE 10. SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2023 VS 2030 (%)
FIGURE 12. SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2023 VS 2030 (%)
FIGURE 14. SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2023 VS 2030 (%)
FIGURE 16. SYNCHRONOUS CONDENSER MARKET SIZE, BY END USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES SYNCHRONOUS CONDENSER MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES SYNCHRONOUS CONDENSER MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. SYNCHRONOUS CONDENSER MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 26. SYNCHRONOUS CONDENSER MARKET SHARE, BY KEY PLAYER, 2023

Pricing

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