Global Synchronous Condenser Market Analysis 2021

Global Synchronous Condenser Market Analysis 2021

The Global Synchronous Condenser market is expected to reach $696.51 million by 2027 growing at a CAGR of 4.6% during 2020 to 2027. Synchronous condenser refers to a synchronous motor that runs without mechanical load. It absorbs reactive volt-ampere (VAr) by varying the excitation of its field winding. Synchronous condensers help in avoiding short circuit conditions and transient fault conditions in power grids, due to their ability to absorb and produce reactive power.

Factors such as increasing need for improved energy management solutions and energy efficiency and growing incidence of ecological regulations are driving the market growth. However, high costs of synchronous condensers may hinder the market growth.

Amongst starting method, the static frequency converters segment is likely to have huge demand through predict period, as it offers better precision and capability to start multiple condensers.

The key vendors mentioned are WEG Electric Corp., Brush Group, Siemens AG, Toshiba Corporation, ABB Ltd., General Electric Company, Voith GmbH & Co. KGaA, Eaton Corporation plc, Mitsubishi Electric Corporation, Ansaldo Energia, Fuji Electric Co., Ltd., Shanghai Electric, Hyundai Idela Electric Co., Dongfang Electric, Bharat Heavy Electricals Limited (Bhel), Electro Mechanical Engineering Associates, Inc., and Harbin Electric.

Cooling Types Covered:
• Air Cooled
• Hydrogen Cooled
• Water Cooled

Starting Methods Covered:
• Pony Motors
• Static Frequency Converters
• Other Starting Methods

Types Covered:
• Refurbished Synchronous Condenser
• New Synchronous Condenser

Reactive Power Rating (MVAr) Covered:
• Above 200 MVAr
• 150 to 200 MVAr
• 100 to 150 MVAr
• 80 to 100 MVAr
• 50 to 80 MVAr
• Less Than 50 MVAr

Components Covered:
• Cooling System
• Rotor With Solid Integral Pole Tips
• Stator
• Exciter

Sales Channels Covered:
• Distributor
• Direct Sales

Applications Covered:
• Hydropower
• Wind/Solar Power
• Transmission System Strength
• New Energy
• High-Voltage, Direct Current (HVDC) Link Support

End Users Covered:
• Industries
• Electrical Utilities and Grid Operators
• Metal and Mining
• Marine
• Oil and Gas
• Commercial
• Automobile
• Bio Gas
• Water Treatment
• Power Plant

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:
• How this market evolved since the year 2019
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analysed during the forecast period


1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Synchronous Condenser Market, By Cooling Type
5.1 Introduction
5.2 Air Cooled
5.3 Hydrogen Cooled
5.4 Water Cooled
6 Global Synchronous Condenser Market, By Starting Method
6.1 Introduction
6.2 Pony Motors
6.3 Static Frequency Converters
6.4 Other Starting Methods
7 Global Synchronous Condenser Market, By Type
7.1 Introduction
7.2 Refurbished Synchronous Condenser
7.3 New Synchronous Condenser
8 Global Synchronous Condenser Market, By Reactive Power Rating (MVAr)
8.1 Introduction
8.2 Above 200 MVAr
8.3 150 to 200 MVAr
8.4 100 to 150 MVAr
8.5 80 to 100 MVAr
8.6 50 to 80 MVAr
8.7 Less Than 50 MVAr
9 Global Synchronous Condenser Market, By Component
9.1 Introduction
9.2 Cooling System
9.3 Rotor With Solid Integral Pole Tips
9.4 Stator
9.5 Exciter
10 Global Synchronous Condenser Market, By Sales Channel
10.1 Introduction
10.2 Distributor
10.3 Direct Sales
11 Global Synchronous Condenser Market, By Application
11.1 Introduction
11.2 Hydropower
11.3 Wind/Solar Power
11.4 Transmission System Strength
11.5 New Energy
11.6 High-Voltage, Direct Current (HVDC) Link Support
12 Global Synchronous Condenser Market, By End User
12.1 Introduction
12.2 Industries
12.3 Electrical Utilities and Grid Operators
12.4 Metal and Mining
12.5 Marine
12.6 Oil and Gas
12.7 Commercial
12.8 Automobile
12.9 Bio Gas
12.10 Water Treatment
12.11 Power Plant
13 Global Synchronous Condenser Market, By Geography
13.1 Introduction
13.2 North America
13.3 Europe
13.4 Asia Pacific
13.5 South America
13.6 Middle East & Africa
14 Strategic Benchmarking
15 Vendors Landscape
15.1 WEG Electric Corp.
15.2 Brush Group
15.3 Siemens AG
15.4 Toshiba Corporation
15.5 ABB Ltd.
15.6 General Electric Company
15.7 Voith GmbH & Co. KGaA
15.8 Eaton Corporation plc
15.9 Mitsubishi Electric Corporation
15.10 Ansaldo Energia
15.11 Fuji Electric Co., Ltd.
15.12 Shanghai Electric
15.13 Hyundai Idela Electric Co.
15.14 Dongfang Electric
15.15 Bharat Heavy Electricals Limited (Bhel)
15.16 Electro Mechanical Engineering Associates, Inc.
15.17 Harbin Electric
List of Data Tables
Table 1 Global Synchronous Condenser Market Outlook, By Region (2019-2027) ($MN)
Table 2 Global Synchronous Condenser Market Outlook, By Cooling Type (2019-2027) ($MN)
Table 3 Global Synchronous Condenser Market Outlook, By Air Cooled (2019-2027) ($MN)
Table 4 Global Synchronous Condenser Market Outlook, By Hydrogen Cooled (2019-2027) ($MN)
Table 5 Global Synchronous Condenser Market Outlook, By Water Cooled (2019-2027) ($MN)
Table 6 Global Synchronous Condenser Market Outlook, By Starting Method (2019-2027) ($MN)
Table 7 Global Synchronous Condenser Market Outlook, By Pony Motors (2019-2027) ($MN)
Table 8 Global Synchronous Condenser Market Outlook, By Static Frequency Converters (2019-2027) ($MN)
Table 9 Global Synchronous Condenser Market Outlook, By Other Starting Methods (2019-2027) ($MN)
Table 10 Global Synchronous Condenser Market Outlook, By Type (2019-2027) ($MN)
Table 11 Global Synchronous Condenser Market Outlook, By Refurbished Synchronous Condenser (2019-2027) ($MN)
Table 12 Global Synchronous Condenser Market Outlook, By New Synchronous Condenser (2019-2027) ($MN)
Table 13 Global Synchronous Condenser Market Outlook, By Reactive Power Rating (MVAr) (2019-2027) ($MN)
Table 14 Global Synchronous Condenser Market Outlook, By Above 200 MVAr (2019-2027) ($MN)
Table 15 Global Synchronous Condenser Market Outlook, By 150 to 200 MVAr (2019-2027) ($MN)
Table 16 Global Synchronous Condenser Market Outlook, By 100 to 150 MVAr (2019-2027) ($MN)
Table 17 Global Synchronous Condenser Market Outlook, By 80 to 100 MVAr (2019-2027) ($MN)
Table 18 Global Synchronous Condenser Market Outlook, By 50 to 80 MVAr (2019-2027) ($MN)
Table 19 Global Synchronous Condenser Market Outlook, By Less Than 50 MVAr (2019-2027) ($MN)
Table 20 Global Synchronous Condenser Market Outlook, By Component (2019-2027) ($MN)
Table 21 Global Synchronous Condenser Market Outlook, By Cooling System (2019-2027) ($MN)
Table 22 Global Synchronous Condenser Market Outlook, By Rotor With Solid Integral Pole Tips (2019-2027) ($MN)
Table 23 Global Synchronous Condenser Market Outlook, By Stator (2019-2027) ($MN)
Table 24 Global Synchronous Condenser Market Outlook, By Exciter (2019-2027) ($MN)
Table 25 Global Synchronous Condenser Market Outlook, By Sales Channel (2019-2027) ($MN)
Table 26 Global Synchronous Condenser Market Outlook, By Distributor (2019-2027) ($MN)
Table 27 Global Synchronous Condenser Market Outlook, By Direct Sales (2019-2027) ($MN)
Table 28 Global Synchronous Condenser Market Outlook, By Application (2019-2027) ($MN)
Table 29 Global Synchronous Condenser Market Outlook, By Hydropower (2019-2027) ($MN)
Table 30 Global Synchronous Condenser Market Outlook, By Wind/Solar Power (2019-2027) ($MN)
Table 31 Global Synchronous Condenser Market Outlook, By Transmission System Strength (2019-2027) ($MN)
Table 32 Global Synchronous Condenser Market Outlook, By New Energy (2019-2027) ($MN)
Table 33 Global Synchronous Condenser Market Outlook, By High-Voltage, Direct Current (HVDC) Link Support (2019-2027) ($MN)
Table 34 Global Synchronous Condenser Market Outlook, By End User (2019-2027) ($MN)
Table 35 Global Synchronous Condenser Market Outlook, By Industries (2019-2027) ($MN)
Table 36 Global Synchronous Condenser Market Outlook, By Electrical Utilities and Grid Operators (2019-2027) ($MN)
Table 37 Global Synchronous Condenser Market Outlook, By Metal and Mining (2019-2027) ($MN)
Table 38 Global Synchronous Condenser Market Outlook, By Marine (2019-2027) ($MN)
Table 39 Global Synchronous Condenser Market Outlook, By Oil and Gas (2019-2027) ($MN)
Table 40 Global Synchronous Condenser Market Outlook, By Commercial (2019-2027) ($MN)
Table 41 Global Synchronous Condenser Market Outlook, By Automobile (2019-2027) ($MN)
Table 42 Global Synchronous Condenser Market Outlook, By Bio Gas (2019-2027) ($MN)
Table 43 Global Synchronous Condenser Market Outlook, By Water Treatment (2019-2027) ($MN)
Table 44 Global Synchronous Condenser Market Outlook, By Power Plant (2019-2027) ($MN)
Table 45 North America Synchronous Condenser Market Outlook, By Cooling Type (2019-2027) ($MN)
Table 46 North America Synchronous Condenser Market Outlook, By Starting Method (2019-2027) ($MN)
Table 47 North America Synchronous Condenser Market Outlook, By Type (2019-2027) ($MN)
Table 48 North America Synchronous Condenser Market Outlook, By Reactive Power Rating (MVAr) (2019-2027) ($MN)
Table 49 North America Synchronous Condenser Market Outlook, By Component (2019-2027) ($MN)
Table 50 North America Synchronous Condenser Market Outlook, By Sales Channel (2019-2027) ($MN)
Table 51 North America Synchronous Condenser Market Outlook, By Application (2019-2027) ($MN)
Table 52 North America Synchronous Condenser Market Outlook, By End User (2019-2027) ($MN)
Table 53 Europe Synchronous Condenser Market Outlook, By Cooling Type (2019-2027) ($MN)
Table 54 Europe Synchronous Condenser Market Outlook, By Starting Method (2019-2027) ($MN)
Table 55 Europe Synchronous Condenser Market Outlook, By Type (2019-2027) ($MN)
Table 56 Europe Synchronous Condenser Market Outlook, By Reactive Power Rating (MVAr) (2019-2027) ($MN)
Table 57 Europe Synchronous Condenser Market Outlook, By Component (2019-2027) ($MN)
Table 58 Europe Synchronous Condenser Market Outlook, By Sales Channel (2019-2027) ($MN)
Table 59 Europe Synchronous Condenser Market Outlook, By Application (2019-2027) ($MN)
Table 60 Europe Synchronous Condenser Market Outlook, By End User (2019-2027) ($MN)
Table 61 Asia Pacific Synchronous Condenser Market Outlook, By Cooling Type (2019-2027) ($MN)
Table 62 Asia Pacific Synchronous Condenser Market Outlook, By Starting Method (2019-2027) ($MN)
Table 63 Asia Pacific Synchronous Condenser Market Outlook, By Type (2019-2027) ($MN)
Table 64 Asia Pacific Synchronous Condenser Market Outlook, By Reactive Power Rating (MVAr) (2019-2027) ($MN)
Table 65 Asia Pacific Synchronous Condenser Market Outlook, By Component (2019-2027) ($MN)
Table 66 Asia Pacific Synchronous Condenser Market Outlook, By Sales Channel (2019-2027) ($MN)
Table 67 Asia Pacific Synchronous Condenser Market Outlook, By Application (2019-2027) ($MN)
Table 68 Asia Pacific Synchronous Condenser Market Outlook, By End User (2019-2027) ($MN)
Table 69 South America Synchronous Condenser Market Outlook, By Cooling Type (2019-2027) ($MN)
Table 70 South America Synchronous Condenser Market Outlook, By Starting Method (2019-2027) ($MN)
Table 71 South America Synchronous Condenser Market Outlook, By Type (2019-2027) ($MN)
Table 72 South America Synchronous Condenser Market Outlook, By Reactive Power Rating (MVAr) (2019-2027) ($MN)
Table 73 South America Synchronous Condenser Market Outlook, By Component (2019-2027) ($MN)
Table 74 South America Synchronous Condenser Market Outlook, By Sales Channel (2019-2027) ($MN)
Table 75 South America Synchronous Condenser Market Outlook, By Application (2019-2027) ($MN)
Table 76 South America Synchronous Condenser Market Outlook, By End User (2019-2027) ($MN)
Table 77 Middle East & Africa Synchronous Condenser Market Outlook, By Cooling Type (2019-2027) ($MN)
Table 78 Middle East & Africa Synchronous Condenser Market Outlook, By Starting Method (2019-2027) ($MN)
Table 79 Middle East & Africa Synchronous Condenser Market Outlook, By Type (2019-2027) ($MN)
Table 80 Middle East & Africa Synchronous Condenser Market Outlook, By Reactive Power Rating (MVAr) (2019-2027) ($MN)
Table 81 Middle East & Africa Synchronous Condenser Market Outlook, By Component (2019-2027) ($MN)
Table 82 Middle East & Africa Synchronous Condenser Market Outlook, By Sales Channel (2019-2027) ($MN)
Table 83 Middle East & Africa Synchronous Condenser Market Outlook, By Application (2019-2027) ($MN)
Table 84 Middle East & Africa Synchronous Condenser Market Outlook, By End User (2019-2027) ($MN)

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