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NA Synchronous Condenser Market - Industry Trends and Forecast to 2035

Publisher Data Bridge Market Research
Published Feb 01, 2024
Length 148 Pages
SKU # DAABD18636670

Description

NA Synchronous Condenser Market - Industry Trends and Forecast to 2035


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 Škoda 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.

Table of Contents

148 Pages
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Overview Of The North America Synchronous Condenser Market
1.4 Currency And Pricing
1.5 Limitations
1.6 Markets Covered
2 Market Segmentation
2.1 Markets Covered
2.2 Years Considered For The Study
2.3 Geographic Scope
2.4 Dbmr Tripod Data Validation Model
2.5 Primary Interviews With Key Opinion Leaders
2.6 Dbmr Market Position Grid
2.7 Multivariate Modelling
2.8 Cooling Technology Curve
2.9 Market End-user Coverage Grid
2.10 Secondary Sources
2.11 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Flywheel Role In Synchronous Condenser Systems
4.2 Complementary Technologies
5 Market Overview
5.1 Drivers
5.1.1 Increasing Demand For Clean Energy Sources
5.1.2 Growing Need For Integrated Systems In Power Plants
5.1.3 Rising Demand For Safe And Secure Electrical Grid Systems
5.1.4 Expansion Of Hvdc Network Across The World
5.2 Restraints
5.2.1 Higher Prices Associated With Capital And Maintenance
5.2.2 Stringent Standards Related To Synchronous Condenser
5.2.3 Higher Price Volatility Of Raw Materials
5.3 Opportunities
5.3.1 Rising Government Initiatives To Reduce Air Pollution
5.3.2 Upsurge In Decommissioning Of Aging And Conventional Power Generation Sources
5.3.3 Increase In Investments In R&D To Develop Efficient Synchronous Condenser
5.4 Challenges
5.4.1 Availability Of Low-cost Substitutes
5.4.2 Involvement In Sophisticated And Time-consuming Installation Process
6 North America Synchronous Condenser Market, By Cooling Technology
6.1 Overview
6.2 Hydrogen Cooled Synchronous Condenser
6.3 Air-cooled Synchronous Condenser
6.4 Water Cooled Synchronous Condenser
7 North America Synchronous Condenser Market, By Starting Method
7.1 Overview
7.2 Static Frequency Convertor
7.3 Pony Motor
7.4 Others
8 North America Synchronous Condenser Market, By Reactive Power Rating
8.1 Overview
8.2 Above 200 Mvar
8.3 101-200 Mvar
8.4 61-100 Mvar
8.5 31-60 Mvar
8.6 0-30 Mvar
9 North America Synchronous Condenser Market, By End User
9.1 Overview
9.2 Electrical Utilities
9.3 Industrial Sectors
10 North America Synchronous Condenser Market, By Type
10.1 Overview
10.2 New Synchronous Condenser
10.3 Refurbished Synchronous Condenser
11 North America Synchronous Condenser Market, By Design
11.1 Overview
11.2 Salient Pole Design
11.3 Cylindrical Rotor Design
12 North America Synchronous Condenser Market, By No. Of Poles
12.1 Overview
12.2 4 To 8
12.3 Less Than 4
12.4 More Than 8
13 North America Synchronous Condenser Market, By Excitation System Type
13.1 Overview
13.2 Static Excitation
13.3 Brushless Excitation System
14 North America Synchronous Condenser Market, By Region
14.1 North America
14.1.1 U.S.
14.1.2 Canada
14.1.3 Mexico
15 North America Synchronous Condenser Market, Company Landscape
15.1 Company Share Analysis: North America
16 Swot Analysis
17 Company Profiles
17.1 General Electric
17.1.1 Company Snapshot
17.1.2 Revenue Analysis
17.1.3 Company Share Analysis
17.1.4 Product Portfolio
17.1.5 Recent Developments
17.2 Abb
17.2.1 Company Snapshot
17.2.2 Revenue Analysis
17.2.3 Company Share Analysis
17.2.4 Product Portfolio
17.2.5 Recent Developments
17.3 Eaton
17.3.1 Company Snapshot
17.3.2 Revenue Analysis
17.3.3 Company Share Analysis
17.3.4 Service Portfolio
17.3.5 Recent Developments
17.4 Baker Hughes Company
17.4.1 Company Snapshot
17.4.2 Revenue Analysis
17.4.3 Company Share Analysis
17.4.4 Product & Services Portfolio
17.4.5 Recent Development
17.5 Siemens Energy
17.5.1 Company Snapshot
17.5.2 Revenue Analysis
17.5.3 Company Share Analysis
17.5.4 Product Portfolio
17.5.5 Recent Developments
17.6 Andritz
17.6.1 Company Snapshot
17.6.2 Revenue Analysis
17.6.3 Product Portfolio
17.6.4 Recent Developments
17.7 Ansaldo Energia
17.7.1 Company Snapshot
17.7.2 Revenue Analysis
17.7.3 Product Portfolio
17.7.4 Recent Development
17.8 Doosan Škoda Power
17.8.1 Company Snapshot
17.8.2 Product Portfolio
17.8.3 Recent Development
17.9 Hitachi Energy Ltd.
17.9.1 Company Snapshot
17.9.2 Revenue Analysis
17.9.3 Product Portfolio
17.9.4 Recent Development
17.10 Ideal Electric Power Co.
17.10.1 Company Snapshot
17.10.2 Product Portfolio
17.10.3 Recent Development
17.11 Ingeteam, S.A.
17.11.1 Company Snapshot
17.11.2 Product Portfolio
17.11.3 Recent Developments
17.12 Mitsubishi Electric Power Products, Inc.
17.12.1 Company Snapshot
17.12.2 Revenue Analysis
17.12.3 Solution Portfolio
17.12.4 Recent Development
17.13 Power Systems & Controls, Inc.
17.13.1 Company Snapshot
17.13.2 Product Portfolio
17.13.3 Recent Development
17.14 Shanghai Electric
17.14.1 Company Snapshot
17.14.2 Revenue Analysis
17.14.3 Product Portfolio
17.14.4 Recent Developments
17.15 Weg
17.15.1 Company Snapshot
17.15.2 Revenue Analysis
17.15.3 Product Portfolio
17.15.4 Recent Development
18 Questionnaire
19 Related Reports
List Of Tables
Table 1 Uninterrupted Operation Requirements For Voltage Disturbances
Table 2 Comparison Between Synchronous Condenser, Svc, And Satcom
Table 3 North America Synchronous Condenser Market, By Cooling Technology, 2022-2031 (Usd Thousand)
Table 4 North America Hydrogen Cooled Synchronous Condenser In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 5 North America Air-cooled Synchronous Condenser In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 6 North America Water Cooled Synchronous Condenser In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 7 North America Synchronous Condenser Market, By Starting Method, 2022-2031 (Usd Thousand)
Table 8 North America Static Frequency Convertor In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 9 North America Pony Motor In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 10 North America Others In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 11 North America Synchronous Condenser Market, By Reactive Power Rating, 2022-2031 (Usd Thousand)
Table 12 North America Above 200 Mvar In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 13 North America 101-200 Mvar In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 14 North America 61-100 Mvar In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 15 North America 31-60 Mvar In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 16 North America 0-30 Mvar In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 17 North America Synchronous Condenser Market, By End User, 2022-2031 (Usd Thousand)
Table 18 North America Electrical Utilities In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 19 North America Industrial Sectors In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 20 North America Synchronous Condenser Market, By Type, 2022-2031 (Usd Thousand)
Table 21 North America New Synchronous Condenser In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 22 North America Refurbished Synchronous Condenser In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 23 North America Synchronous Condenser Market, By Design, 2022-2031 (Usd Thousand)
Table 24 North America Salient Pole Design In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 25 North America Cylindrical Rotor Design In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 26 North America Synchronous Condenser Market, By No. Of Poles, 2022-2031 (Usd Thousand)
Table 27 North America 4 To 8 In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 28 North America Less Than 4 In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 29 North America More Than 8 In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 30 North America Synchronous Condenser Market, By Excitation System Type, 2022-2031 (Usd Thousand)
Table 31 North America Static Excitation In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 32 Brushless Excitation System In Synchronous Condenser Market, By Region, 2022-2031 (Usd Thousand)
Table 33 North America Synchronous Condenser Market, 2022-2031 (Usd Thousand)
Table 34 North America Synchronous Condenser Market, By Country, 2022-2031 (Usd Thousand)
Table 35 North America Synchronous Condenser Market, By Cooling Technology, 2022-2031 (Usd Thousand)
Table 36 North America Synchronous Condenser Market, By Starting Method, 2022-2031 (Usd Thousand)
Table 37 North America Synchronous Condenser Market, By Reactive Power Rating, 2022-2031 (Usd Thousand)
Table 38 North America Synchronous Condenser Market, By End User, 2022-2031 (Usd Thousand)
Table 39 North America Synchronous Condenser Market, By Type, 2022-2031 (Usd Thousand)
Table 40 North America Synchronous Condenser Market, By Design, 2022-2031 (Usd Thousand)
Table 41 North America Synchronous Condenser Market, By No. Of Poles, 2022-2031 (Usd Thousand)
Table 42 North America Synchronous Condenser Market, By Excitation System Type, 2022-2031 (Usd Thousand)
Table 43 U.S. Synchronous Condenser Market, By Cooling Technology, 2022-2031 (Usd Thousand)
Table 44 U.S. Synchronous Condenser Market, By Starting Method, 2022-2031 (Usd Thousand)
Table 45 U.S. Synchronous Condenser Market, By Reactive Power Rating, 2022-2031 (Usd Thousand)
Table 46 U.S. Synchronous Condenser Market, By End User, 2022-2031 (Usd Thousand)
Table 47 U.S. Synchronous Condenser Market, By Type, 2022-2031 (Usd Thousand)
Table 48 U.S. Synchronous Condenser Market, By Design, 2022-2031 (Usd Thousand)
Table 49 U.S. Synchronous Condenser Market, By No. Of Poles, 2022-2031 (Usd Thousand)
Table 50 U.S. Synchronous Condenser Market, By Excitation System Type, 2022-2031 (Usd Thousand)
Table 51 Canada Synchronous Condenser Market, By Cooling Technology, 2022-2031 (Usd Thousand)
Table 52 Canada Synchronous Condenser Market, By Starting Method, 2022-2031 (Usd Thousand)
Table 53 Canada Synchronous Condenser Market, By Reactive Power Rating, 2022-2031 (Usd Thousand)
Table 54 Canada Synchronous Condenser Market, By End User, 2022-2031 (Usd Thousand)
Table 55 Canada Synchronous Condenser Market, By Type, 2022-2031 (Usd Thousand)
Table 56 Canada Synchronous Condenser Market, By Design, 2022-2031 (Usd Thousand)
Table 57 Canada Synchronous Condenser Market, By No. Of Poles, 2022-2031 (Usd Thousand)
Table 58 Canada Synchronous Condenser Market, By Excitation System Type, 2022-2031 (Usd Thousand)
Table 59 Mexico Synchronous Condenser Market, By Cooling Technology, 2022-2031 (Usd Thousand)
Table 60 Mexico Synchronous Condenser Market, By Starting Method, 2022-2031 (Usd Thousand)
Table 61 Mexico Synchronous Condenser Market, By Reactive Power Rating, 2022-2031 (Usd Thousand)
Table 62 Mexico Synchronous Condenser Market, By End User, 2022-2031 (Usd Thousand)
Table 63 Mexico Synchronous Condenser Market, By Type, 2022-2031 (Usd Thousand)
Table 64 Mexico Synchronous Condenser Market, By Design, 2022-2031 (Usd Thousand)
Table 65 Mexico Synchronous Condenser Market, By No. Of Poles, 2022-2031 (Usd Thousand)
Table 66 Mexico Synchronous Condenser Market, By Excitation System Type, 2022-2031 (Usd Thousand)
List Of Figures
Figure 1 North America Synchronous Condenser Market: Segmentation
Figure 2 North America Synchronous Condenser Market: Dbmr Tripod Data Validation Model
Figure 3 North America Synchronous Condenser Market: Droc Analysis
Figure 4 North America Synchronous Condenser Market: North America Vs Regional Market Analysis
Figure 5 North America Synchronous Condenser Market: Company Research Analysis
Figure 6 North America Synchronous Condenser Market: Interview Demographics
Figure 7 North America Synchronous Condenser Market: Dbmr Market Position Grid
Figure 8 North America Synchronous Condenser Market: Multivariate Modelling
Figure 9 North America Synchronous Condenser Market: Cooling Technology Curve
Figure 10 North America Synchronous Condenser Market: Market End-user Coverage Grid
Figure 11 North America Synchronous Condenser Market: Segmentation
Figure 12 North Americas 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
Figure 13 Asia-pacific Is The Fastest Growing Market For North America Synchronous Condenser Market Manufacturers In The Forecast Period Of 2024 To 2031
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
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
Figure 16 Synchronous Condenser With Flywheel
Figure 17 Synchronous Condenser With Flywheel
Figure 18 Drivers, Restraints, Opportunities, And Challenges Of The North America Synchronous Condenser Market
Figure 19 Share Of Different Power Generating Sources
Figure 20 Generation Of Wind Energy
Figure 21 Opportunities In The Integration Of Systems In Power Plants
Figure 22 Average Annual Investment Spending On Electricity Grids
Figure 23 Pricing List Of Copper Material
Figure 24 North America Synchronous Condenser Market: By Cooling Technology, 2023
Figure 25 North America Synchronous Condenser Market: By Starting Method, 2023
Figure 26 North America Synchronous Condenser Market: By Reactive Power Rating, 2023
Figure 27 North America Synchronous Condenser Market: By End User, 2023
Figure 28 North America Synchronous Condenser Market: By Type, 2023
Figure 29 North America Synchronous Condenser Market: By Design, 2023
Figure 30 North America Synchronous Condenser Market: By No. Of Poles, 2023
Figure 31 North America Synchronous Condenser Market: By Excitation System Type, 2023
Figure 32 North America Synchronous Condensermarket: Snapshot (2022)
Figure 33 North America Synchronous Condenser Market: Company Share 2023 (%)

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