Europe Synchronous Condenser Market Size, Share & Industry Trends Analysis Report By Reactive Power rating, By Starting Method, By Cooling Technology, By Installation Type (New and Refurbished), By End User, By Country and Growth Forecast, 2022 - 2028

Europe Synchronous Condenser Market Size, Share & Industry Trends Analysis Report By Reactive Power rating, By Starting Method, By Cooling Technology, By Installation Type (New and Refurbished), By End User, By Country and Growth Forecast, 2022 - 2028

The Europe Synchronous Condenser Market would witness market growth of 2.5% CAGR during the forecast period (2022-2028).

The synchronous condensers market is anticipated to have significant expansion in the coming years due to the increase in the production of renewable energy. Until there were any electronic power compensation devices, the traditional method for controlling reactive power was a synchronous condenser. An AC synchronous motor that is not connected to any powered machinery is referred to a conventional synchronous condenser.

When utilized with the proper automatic exciter, the gadget can continuously control reactive power. A rise in the device's field excitation causes the system to receive more magnetizing power (kVAr). Transmission and distribution voltage levels have typically used synchronous condensers to increase stability and keep voltages within tolerable levels under contingency situations and changing load conditions. They do this by supplying losses with a little amount of active power through the power system.

Government initiatives in the region in order to produce and leverage more renewable energy are rising at a very rapid pace. According to Eurostat, in 2020, the EU's total net power generation was 2 664 Terawatt hours (TWh), which is 4% less than the previous year. With a total output of 2 844 TWh in 2008, the EU's net electricity generation in 2020 was 6.3% lower than that year. Germany was the EU Member State with the greatest level of net electricity generation in 2020, contributing 20.5% of the EU's total, marginally ahead of France (19.1%)., Italy was the only other country with a double-digit proportion (10.2%).

The Germany market dominated the Europe Synchronous Condenser Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $46.9 million by 2028. The UK market is anticipated to grow a CAGR of 1.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 3.3% during (2022 - 2028).

Based on Reactive Power rating, the market is segmented into Above 200 MVAr, 101–200 MVAr, and Up to 100 MVAr. Based on Starting Method, the market is segmented into Static Frequency Converter, Pony Motor, and Others. Based on Cooling Technology, the market is segmented into Hydrogen-Cooled, Air-Cooled, and Water-Cooled. Based on Installation Type, the market is segmented into New and Refurbished. Based on End User, the market is segmented into Electrical Utilities and Industrial Sector. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, General Electric (GE) Co., ANDRITZ Group, WEG Equipamentos Elétricos S.A., Fuji Electric Co., Ltd., Mitsubishi Heavy Industries Ltd., Siemens Energy AG, Eaton Corporation PLC, Bharat Heavy Electricals Ltd., and Ansaldo Energia S.p.A.

Scope of the Study

Market Segments covered in the Report:

By Reactive Power rating

  • Above 200 MVAr
  • 101–200 MVAr
  • Up to 100 MVAr
By Starting Method
  • Static Frequency Converter
  • Pony Motor
  • Others
By Cooling Technology
  • Hydrogen-Cooled
  • Air-Cooled
  • Water-Cooled
By Installation Type
  • New
  • Refurbished
By End User
  • Electrical Utilities
  • Industrial Sector
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • ABB Group
  • General Electric (GE) Co.
  • ANDRITZ Group
  • WEG Equipamentos Elétricos S.A.
  • Fuji Electric Co., Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Siemens Energy AG
  • Eaton Corporation PLC
  • Bharat Heavy Electricals Ltd.
  • Ansaldo Energia S.p.A.
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Synchronous Condenser Market, by Reactive Power rating
1.4.2 Europe Synchronous Condenser Market, by Starting Method
1.4.3 Europe Synchronous Condenser Market, by Cooling Technology
1.4.4 Europe Synchronous Condenser Market, by Installation Type
1.4.5 Europe Synchronous Condenser Market, by End User
1.4.6 Europe Synchronous Condenser Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Synchronous Condenser Market
Chapter 4. Europe Synchronous Condenser Market by Reactive Power rating
4.1 Europe Above 200 MVAr Market by Country
4.2 Europe 101–200 MVAr Market by Country
4.3 Europe Up to 100 MVAr Market by Country
Chapter 5. Europe Synchronous Condenser Market by Starting Method
5.1 Europe Static Frequency Converter Market by Country
5.2 Europe Pony Motor Market by Country
5.3 Europe Others Market by Country
Chapter 6. Europe Synchronous Condenser Market by Cooling Technology
6.1 Europe Hydrogen-Cooled Market by Country
6.2 Europe Air-Cooled Market by Country
6.3 Europe Water-Cooled Market by Country
Chapter 7. Europe Synchronous Condenser Market by Installation Type
7.1 Europe New Market by Country
7.2 Europe Refurbished Market by Country
Chapter 8. Europe Synchronous Condenser Market by End User
8.1 Europe Electrical Utilities Market by Country
8.2 Europe Industrial Sector Market by Country
Chapter 9. Europe Synchronous Condenser Market by Country
9.1 Germany Synchronous Condenser Market
9.1.1 Germany Synchronous Condenser Market by Reactive Power rating
9.1.2 Germany Synchronous Condenser Market by Starting Method
9.1.3 Germany Synchronous Condenser Market by Cooling Technology
9.1.4 Germany Synchronous Condenser Market by Installation Type
9.1.5 Germany Synchronous Condenser Market by End User
9.2 UK Synchronous Condenser Market
9.2.1 UK Synchronous Condenser Market by Reactive Power rating
9.2.2 UK Synchronous Condenser Market by Starting Method
9.2.3 UK Synchronous Condenser Market by Cooling Technology
9.2.4 UK Synchronous Condenser Market by Installation Type
9.2.5 UK Synchronous Condenser Market by End User
9.3 France Synchronous Condenser Market
9.3.1 France Synchronous Condenser Market by Reactive Power rating
9.3.2 France Synchronous Condenser Market by Starting Method
9.3.3 France Synchronous Condenser Market by Cooling Technology
9.3.4 France Synchronous Condenser Market by Installation Type
9.3.5 France Synchronous Condenser Market by End User
9.4 Russia Synchronous Condenser Market
9.4.1 Russia Synchronous Condenser Market by Reactive Power rating
9.4.2 Russia Synchronous Condenser Market by Starting Method
9.4.3 Russia Synchronous Condenser Market by Cooling Technology
9.4.4 Russia Synchronous Condenser Market by Installation Type
9.4.5 Russia Synchronous Condenser Market by End User
9.5 Spain Synchronous Condenser Market
9.5.1 Spain Synchronous Condenser Market by Reactive Power rating
9.5.2 Spain Synchronous Condenser Market by Starting Method
9.5.3 Spain Synchronous Condenser Market by Cooling Technology
9.5.4 Spain Synchronous Condenser Market by Installation Type
9.5.5 Spain Synchronous Condenser Market by End User
9.6 Italy Synchronous Condenser Market
9.6.1 Italy Synchronous Condenser Market by Reactive Power rating
9.6.2 Italy Synchronous Condenser Market by Starting Method
9.6.3 Italy Synchronous Condenser Market by Cooling Technology
9.6.4 Italy Synchronous Condenser Market by Installation Type
9.6.5 Italy Synchronous Condenser Market by End User
9.7 Rest of Europe Synchronous Condenser Market
9.7.1 Rest of Europe Synchronous Condenser Market by Reactive Power rating
9.7.2 Rest of Europe Synchronous Condenser Market by Starting Method
9.7.3 Rest of Europe Synchronous Condenser Market by Cooling Technology
9.7.4 Rest of Europe Synchronous Condenser Market by Installation Type
9.7.5 Rest of Europe Synchronous Condenser Market by End User
Chapter 10. Company Profiles
10.1 ABB Group
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.6 SWOT Analysis
10.2 General Electric (GE) Co.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 ANDRITZ Group
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental & Regional Analysis
10.3.4 Segmental Analysis
10.3.5 Research & Development Expense
10.3.6 Recent strategies and developments:
10.3.6.1 Partnerships, Collaborations, and Agreements:
10.4 WEG Equipamentos Elétricos S.A.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional Analysis
10.4.4 Recent strategies and developments:
10.4.4.1 Acquisition and Mergers:
10.5 Fuji Electric Co. Ltd.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.6 Mitsubishi Heavy Industries Ltd.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental Analysis
10.6.4 Research & Development Expenses
10.7 Siemens Energy AG
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.8 Eaton Corporation PLC
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental Analysis
10.8.4 Research & Development Expense
10.9 Bharat Heavy Electricals Ltd.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental Analysis
10.10. Ansaldo Energia S.p.A.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Regional Analysis

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings