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Synchronous Condenser Market by Cooling Type (Hydrogen, Air, and Water), Reactive Power Rating (Up to 100 MVAr, 100-200 MVAr, & Above 200 MVAr), Type, Starting Method (Static Frequency Converter, Pony Motor), End User, and Region - Global Forecast to 2021

Synchronous Condenser Market by Cooling Type (Hydrogen, Air, and Water), Reactive Power Rating (Up to 100 MVAr, 100-200 MVAr, & Above 200 MVAr), Type, Starting Method (Static Frequency Converter, Pony Motor), End User, and Region - Global Forecast to 2021

“The synchronous condensers market is expected to reach USD 572.9 million by 2021, at a CAGR of 2.1% from 2016 to 2021”
The synchronous condensers market is projected to reach USD 572.9 million by 2021, growing at a CAGR of 2.1% from 2016 to 2021. 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 and helping to stabilize the transmission grid. It also offers several advantages over the other substitutes such as no harmonics, short-circuit power capability, and inertia to the transmission grid among others.

On the other hand, high cost of equipment and availability of low-cost alternatives are the major factors restraining the growth of the synchronous condenser market.
“Synchronous condensers rated above 200 MVAr dominate the global market”
Synchronous condensers rated above 200 MVAr held the largest market share in 2015, and is expected to be the fastest growing segment in the synchronous condensers market from 2016 to 2021. 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 dominate the global market”
Hydrogen-cooled synchronous condenser segment held the largest market share in 2015, and is expected to be the fastest growing segment in the synchronous condensers market from 2016 to 2021. This growth is attributed to the adoption and efficiency of large-sized synchronous condensers for reactive power rating of above 200 Mega Volt Amps (reactive) (MVAr).
“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. Gradual phasing out of thermal power plants and increasing renewable power generation are driving the synchronous condensers market in the region. North America is followed by Europe. 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 1- 69%, Tier 2- 22%, Tier 3- 9%
By Designation: C-Level- 35%, D-Level- 38%, Others- 27%
By Region: North America- 52%, Europe- 29%, Asia-Pacific- 8%, Rest of the World- 11%

Note: *Others include sales managers, marketing managers, and product managers
The tier of the companies is defined based on their total revenue, as of 2013: Tier 1 = >USD 10 billion, Tier 2 = from USD 1 billion to USD 10 billion and Tier 3 = <USD 1 billion
Leading players of this industry have been profiled with their recent developments and other strategic activities. These include Siemens AG (Germany), General Electric Company (U.S.), Eaton Corporation (Ireland), ABB Ltd. (Switzerland), and Voith GmbH (Germany).

Research Coverage:
The report provides a picture on the synchronous condenser market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments, such as type, cooling type, end-user, starting method, reactive power rating, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall synchronous condenser market and its subsegments. This report will help stakeholders to better understand the competitive landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Why buy this report?
1. The report identifies and addresses key markets for synchronous condensers which is useful for suppliers, OEMs, and Utilities to review production and distribution plans.
2. The report helps manufacturers to understand the pulse of the market and provides insights on drivers, restraints, and challenges.
3. The report will help OEMs to better understand the competition strategies and will help in making strategic decisions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • COUNTRIES COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS & LIMITATIONS
      • ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • INTRODUCTION
    • CURRENT SCENARIO
    • FUTURE OUTLOOK
    • CONCLUSION
  • PREMIUM INSIGHTS
    • SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE
    • SYNCHRONOUS CONDENSER MARKET, BY TYPE
    • SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE
    • SYNCHRONOUS CONDENSER MARKET: REACTIVE POWER RATING VS. STARTING METHOD
    • ELECTRICAL UTILITIES ARE EXPECTED TO DOMINATE THE GLOBAL SYNCHRONOUS CONDENSER MARKET DURING THE FORECAST PERIOD
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • BY POWER RATING
      • BY REGION
      • BY TYPE
      • BY STARTING METHOD
      • BY END-USER
      • BY COOLING TYPE
    • MARKET DYNAMICS
      • DRIVERS
        • Table SERVING LIFE OF POWER FACTOR CORRECTION EQUIPMENT
      • RESTRAINTS
      • OPPORTUNITIES
        • Table EXISTING COAL FIRED CAPACITY RETIREMENTS IN THE U.S. IN 2012
        • Table U.S.: COAL-FIRED ELECTRIC GENERATOR ANNOUNCEMENTS SINCE NOVEMBER, 2013
        • Table WORLD: NUCLEAR POWER PLANT SHUT DOWN, 2014-2016
      • CHALLENGES
        • Table SYNCHRONOUS CONDENSERS ALTERNATIVES
  • SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE
    • INTRODUCTION
      • Table SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2014-2021 (USD MILLION)
    • HYDROGEN-COOLED SYNCHRONOUS CONDENSER MARKET
      • Table HYDROGEN-COOLED SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • AIR-COOLED SYNCHRONOUS CONDENSER MARKET
      • Table AIR-COOLED SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • WATER-COOLED SYNCHRONOUS CONDENSER MARKET
      • Table WATER-COOLED SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD
    • INTRODUCTION
      • Table SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2014-2021 (USD MILLION)
    • STATIC FREQUENCY CONVERTER
      • Table STATIC FREQUENCY CONVERTER: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • PONY MOTOR
      • Table PONY MOTOR: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • OTHERS
      • Table OTHERS: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2014-2021 (USD THOUSAND)
  • SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING (MVAR)
    • INTRODUCTION
      • Table SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2014-2021 (USD MILLION)
    • SYNCHRONOUS CONDENSER WITH REACTIVE POWER RATING UP TO 100 MVAR
      • Table UP TO 100 MVAR: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • SYNCHRONOUS CONDENSER WITH REACTIVE POWER RATING BETWEEN 100 MVAR-200 MVAR
      • Table 100 MVAR-200 MVAR: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • SYNCHRONOUS CONDENSER WITH REACTIVE POWER RATING ABOVE 200 MVAR
      • Table ABOVE 200 MVAR: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • SYNCHRONOUS CONDENSER MARKET, BY END-USER
    • INTRODUCTION
      • Table SYNCHRONOUS CONDENSER MARKET, BY END-USER, 2014-2021 (USD MILLION)
    • ELECTRICAL UTILITIES
      • Table ELECTRICAL UTILITIES: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • INDUSTRIES
      • Table INDUSTRIES: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • SYNCHRONOUS CONDENSER MARKET, BY TYPE
    • INTRODUCTION
      • Table SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
    • NEW SYNCHRONOUS CONDENSER
      • Table NEW: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • REFURBISHED SYNCHRONOUS CONDENSER
      • Table REFURBISHED: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • SYNCHRONOUS CONDENSER MARKET, BY REGION
    • INTRODUCTION
      • Table SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • NORTH AMERICA
      • BY COOLING TYPE
        • Table NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2014-2021 (USD MILLION)
      • BY STARTING METHOD
        • Table NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2014-2021 (USD MILLION)
      • BY REACTIVE POWER RATING (MVAR)
        • Table NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2014-2021 (USD MILLION)
      • BY END USER
        • Table NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY END- USER, 2014-2021 (USD MILLION)
      • BY TYPE
        • Table NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table CANADA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2014-2021 (USD MILLION)
        • Table CANADA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2014-2021 (USD MILLION)
        • Table U.S.: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2014-2021 (USD MILLION)
        • Table U.S.: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2014-2021 (USD MILLION)
    • EUROPE
      • BY COOLING TYPE
        • Table EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2014-2021 (USD MILLION)
      • BY REACTIVE POWER RATING (MVAR)
        • Table EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2014-2021 (USD MILLION)
      • BY STARTING METHOD
        • Table EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2014-2021 (USD MILLION)
      • BY END-USER
        • Table EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
      • BY TYPE
        • Table EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table ITALY: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2014-2021 (USD MILLION)
        • Table ITALY: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING, 2014-2021 (USD MILLION)
        • Table NORWAY: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2014-2021 (USD MILLION)
        • Table NORWAY: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2014-2021 (USD MILLION)
        • Table GERMANY: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2014-2021 (USD MILLION)
        • Table GERMANY: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2014-2021 (USD MILLION)
        • Table REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2014-2021 (USD MILLION)
        • Table REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2014-2021 (USD MILLION)
    • SOUTH AMERICA
      • BY COOLING TYPE
        • Table SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2014-2021 (USD MILLION)
      • BY REACTIVE POWER RATING (MVAR)
        • Table SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2014-2021 (USD MILLION)
      • BY STARTING METHOD
        • Table SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2014-2021 (USD MILLION)
      • BY END USER
        • Table SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY END- USER, 2014-2021 (USD MILLION)
      • BY TYPE
        • Table SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table BRAZIL: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2014-2021 (USD MILLION)
        • Table BRAZIL: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2014-2021 (USD MILLION)
        • Table REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2014-2021 (USD MILLION)
        • Table REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2014-2021 (USD MILLION)
    • REST OF THE WORLD
      • BY COOLING TYPE
        • Table REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2014-2021 (USD MILLION)
      • BY REACTIVE POWER RATING (MVAR)
        • Table REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2014-2021 (USD MILLION)
      • BY STARTING METHOD
        • Table REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2014-2021 (USD MILLION)
      • BY END-USER
        • Table REST OF THE WORLD : SYNCHRONOUS CONDENSER MARKET SIZE, BY END-USER, 2014-2021 (USD MILLION)
      • BY TYPE
        • Table REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2014-2021 (USD MILLION)
      • BY COUNTRY
        • Table REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table AUSTRALIA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2014-2021 (USD MILLION)
        • Table AUSTRALIA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2014-2021 (USD MILLION)
        • Table OTHER COUNTRIES OF ROW: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2014-2021 (USD MILLION)
        • Table OTHER COUNTRIES OF ROW: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2014-2021 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SITUATION AND TRENDS
    • MARKET SHARE ANALYSIS, HYBRID POWER SOLUTIONS MARKET (BY KEY PLAYERS)
    • CONTRACTS AND AGREEMENTS
      • Table CONTRACTS AND AGREEMENTS, 2013-2016
    • EXPANSIONS & INVESTMENTS
      • Table EXPANSIONS & INVESTMENTS, 2014
    • MERGERS & ACQUISITIONS
      • Table MERGERS & ACQUISITIONS, 2016
  • COMPANY PROFILES
    • INTRODUCTION
    • ABB LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2014
      • MNM VIEW
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2014
      • SWOT ANALYSIS
      • MNM VIEW
    • EATON CORPORATION PLC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2014
      • SWOT ANALYSIS
      • MNM VIEW
    • GENERAL ELECTRIC COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2016
      • SWOT ANALYSIS
      • MNM VIEW
    • FUJI ELECTRIC CO. LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • TOSHIBA CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • VOITH GMBH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2015
      • SWOT ANALYSIS
      • MNM VIEW
    • HYUNDAI IDEAL ELECTRIC CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • SUSTAINABLE POWER SYSTEMS INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • WEG SA
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • DEVELOPMENTS 2014-2016
    • ELECTROMECHANICAL ENGINEERING ASSOCIATES, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2014
    • POWER SYSTEMS AND CONTROL, INC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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