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Synchronous Condenser Market by Cooling Type (Hydrogen Cooled, Air Cooled, & Water Cooled), by Reactive Power Rating (Up to 100 MVAr, 100-200 MVAr & Above 200 MVAr), by Starting Method, by End User, and by Region - Global Forecast to 2020

  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS 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 & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS & LIMITATIONS
      • ASSUMPTIONS
      • LIMITATIONS
  • EXECUTIVE SUMMARY
    • INTRODUCTION
      • CURRENT SCENARIO
    • FUTURE OUTLOOK
    • CONCLUSION
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE SYNCHRONOUS CONDENSER MARKET
    • NORTH AMERICA ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2014
    • SYNCHRONOUS CONDENSER MARKET: BY COOLING TYPE
    • SYNCHRONOUS CONDENSER MARKET IN NORTH AMERICA
    • GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING
    • SYNCHRONOUS CONDENSER MARKET: BY STARTING METHOD
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
    • MARKET DYNAMICS
      • DRIVERS
        • Table SERVING LIFE OF POWER FACTOR CORRECTION EQUIPMENT
      • RESTRAINTS
      • OPPORTUNITIES
        • Table EXISTING COAL-FIRED CAPACITY RETIREMENTS IN U.S. IN 2012
        • Table U.S.: COAL-FIRED ELECTRIC GENERATOR ANNOUNCEMENTS SINCE NOVEMBER, 2013
      • CHALLENGES
        • Table SYNCHRONOUS CONDENSERS ALTERNATIVES
    • IMPACT OF MARKET DYNAMICS
      • Table IMPACT OF MARKET DYNAMICS
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE
    • INTRODUCTION
      • Table SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
    • HYDROGEN-COOLED SYNCHRONOUS CONDENSER MARKET
      • Table HYDROGEN-COOLED SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
    • AIR-COOLED SYNCHRONOUS CONDENSER MARKET
      • Table AIR-COOLED SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
    • WATER-COOLED SYNCHRONOUS CONDENSER MARKET
      • Table WATER-COOLED SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
  • SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING (MVAR)
    • INTRODUCTION
      • Table SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2013-2020 (USD MILLION)
    • SYNCHRONOUS CONDENSER WITH REACTIVE POWER RATING UP TO 100 MVAR
      • Table SYNCHRONOUS CONDENSER WITH REACTIVE POWER RATING UP TO 100 MVAR MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
    • SYNCHRONOUS CONDENSER WITH REACTIVE POWER RATING BETWEEN 100 AND 200 MVAR
      • Table SYNCHRONOUS CONDENSER WITH REACTIVE POWER RATING BETWEEN 100 AND 200 MVAR MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
    • SYNCHRONOUS CONDENSER WITH REACTIVE POWER RATING ABOVE 200 MVAR
      • Table SYNCHRONOUS CONDENSER WITH REACTIVE POWER RATING ABOVE 200 MVAR MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
  • SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD
    • INTRODUCTION
      • Table SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2013-2020 (USD MILLION)
    • STATIC FREQUENCY CONVERTER
      • Table STATIC FREQUENCY CONVERTER: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
    • PONY MOTOR
      • Table PONY MOTOR: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
    • OTHERS
      • Table OTHERS: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2013-2020 (USD THOUSAND)
  • SYNCHRONOUS CONDENSER MARKET, BY END-USER
    • INTRODUCTION
      • Table SYNCHRONOUS CONDENSER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
    • ELECTRICAL UTILITIES
      • Table ELECTRICAL UTILITIES: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
    • INDUSTRIES
      • Table INDUSTRIES: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
  • SYNCHRONOUS CONDENSER MARKET, BY REGION
    • INTRODUCTION
      • Table SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2013-2020 (USD MILLION)
    • NORTH AMERICA
      • BY COOLING TYPE
        • Table NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
      • BY STARTING METHOD
        • Table NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2013-2020 (USD MILLION)
      • BY REACTIVE POWER RATING (MVAR)
        • Table NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING, 2013-2020 (USD MILLION)
      • BY END-USER
        • Table NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table CANADA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
        • Table CANADA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING, 2013-2020 (USD MILLION)
        • Table U.S.: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
        • Table U.S.: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING, 2013-2020 (USD MILLION)
    • EUROPE
      • BY COOLING TYPE
        • Table EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
      • BY REACTIVE POWER RATING
        • Table EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2013-2020 (USD MILLION)
    • BY STARTING METHOD
      • Table EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2013-2020 (USD MILLION)
      • BY END-USER
        • Table EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table DENMARK: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
        • Table DENMARK: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2013-2020 (USD MILLION)
        • Table ITALY: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
        • Table ITALY: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2013-2020 (USD MILLION)
        • Table NORWAY: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
        • Table NORWAY: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2013-2020 (USD MILLION)
        • Table GERMANY: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
        • Table GERMANY: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2013-2020 (USD MILLION)
        • Table REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
        • Table REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2013-2020 (USD MILLION)
    • SOUTH AMERICA
      • BY COOLING TYPE
        • Table SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
      • BY REACTIVE POWER RATING (MVAR)
        • Table SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2013-2020 (USD MILLION)
      • BY STARTING METHOD
        • Table SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2013-2020 (USD MILLION)
      • BY END-USER
        • Table SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
      • BY COUNTRY
        • Table SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table BRAZIL: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
        • Table BRAZIL: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2013-2020 (USD MILLION)
        • Table REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
        • Table REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2013-2020 (USD MILLION)
    • REST OF THE WORLD
      • BY COOLING TYPE
        • Table ROW: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
      • BY REACTIVE POWER RATING (MVAR)
        • Table ROW: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2013-2020 (USD MILLION)
      • BY STARTING METHOD
        • Table ROW: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2013-2020 (USD MILLION)
      • BY END-USER
        • Table ROW: SYNCHRONOUS CONDENSER MARKET SIZE, BY END-USER, 2013-2020 (USD MILLION)
      • BY COUNTRY
        • Table ROW: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION)
        • Table AUSTRALIA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
        • Table AUSTRALIA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2013-2020 (USD MILLION)
        • Table OTHER COUNTRIES OF ROW: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2013-2020 (USD MILLION)
        • Table OTHER COUNTRIES OF ROW: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SITUATION & TRENDS
    • CONTRACTS & AGREEMENTS
      • Table CONTRACTS & AGREEMENTS, 2014-2015
    • EXPANSIONS
      • Table EXPANSIONS, 2014
  • COMPANY PROFILES
    • INTRODUCTION
    • ABB LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2013
      • SWOT ANALYSIS
      • MNM VIEW
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2013
      • 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, 2014
      • SWOT ANALYSIS
      • MNM VIEW
    • FUJI ELECTRIC CO. LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS
    • TOSHIBA CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS
    • VOITH GMBH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2015
      • MNM VIEW
    • HYUNDAI IDEAL ELECTRIC CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS
    • SUSTAINABLE POWER SYSTEMS, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS
    • WEG SA
      • BUSINESS OVERVIEW
      • PRODUCT OFFERED
      • DEVELOPMENTS 2014
    • ELECTROMECHANICAL ENGINEERING ASSOCIATES, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2014
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

Synchronous Condenser Market by Cooling Type (Hydrogen Cooled, Air Cooled, & Water Cooled), by Reactive Power Rating (Up to 100 MVAr, 100-200 MVAr & Above 200 MVAr), by Starting Method, by End User, and by Region - Global Forecast to 2020

“The synchronous condenser market is expected to reach a value of USD 532.6 million by 2020, at a CAGR of 2.4% from 2015 to 2020”.
The increasing electrical power consumption and rising need to maximize transmission capacity are becoming more and more important. Along with this, growing renewable-based power generation to the energy mix, retiring conventional power plants, and growing network of High-Voltage Direct Current (HVDC) system has considerable effect on transmission grid stability. Synchronous condensers play a vital role by generating lagging and leading reactive power and help 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.

Electricity generated by conventional power plant is transmitted via synchronous generators, which helps to maintain grid stability. Whereas renewable energy sources such as wind and solar use asynchronous generating technology, and requires additional equipment to control/maintain reactive power of the system. Growing renewable energy-based power generation to the energy mix coupled with retirement of conventional power plants and growing HVDC network are expected to drive the demand of synchronous condenser market across the globe.

“Synchronous condensers rated above 200 MVAr dominate the global market”
Synchronous condensers rated above 200 MVAr held the largest market share in 2014, and is expected to be the fastest growing segment in the synchronous condensers market from 2015 to 2020. This growth is attributed to the rising demand for uninterrupted power supply and increasing diversity in the generation mix, especially in North America and European countries.

“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 & verify critical qualitative and quantitative information as well as assess future market prospects. Distribution of primary interviews is as follows:
By Company Type: Tier 1—69%, Tier 2—22%, and Tier 3—9%
By Designation: C-Level—35%, Director Level—38%, and Others*—27%
By Region: North America—52%, Europe—29%, Asia-Pacific—8%, and RoW—11%
Note: *Others include sales managers, marketing managers, and product managers
The tier of the companies is defined on the basis of 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 (U.S.), Eaton Corporation (Ireland), ABB Ltd. (Switzerland), and Voith GmbH (Germany).

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.


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