Asia-Pacific synchronous condenser market is expected to reach USD 958,152.78 thousand by 2030 from USD 692,809.60 thousand in 2022 with a CAGR of 4.2% in the forecast period from 2023 to 2030. The new market report contains data for the historic year 2021, the base year of calculation is 2022, and the forecast period is 2023 to 2030.
Market Segmentation:
Asia-Pacific 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 Rating (Above 200 MVAR, 101-200 MVAR, 61-100 MVAR, 31-60 MVAR, and 0-30 MVAR), End-User (Electrical Utilities and Industrial Sectors), Type (New Synchronous Condenser and Refurbished Synchronous Condenser), Design (Salient Pole Design and Cylindrical Rotor Design), No. of Poles (4 to 8, Less Than 4, and More Than 8), Excitation System Type (Static Excitation and Brushless Excitation System), Country (China, Japan, South Korea, India, Australia, Singapore, Indonesia, Thailand, Taiwan, Malaysia, Philippines, and Rest of Asia-Pacific) -- Industry Trends and Forecast to 2030
Overview of Asia-Pacific Synchronous Condenser Market Dynamics:
Driver:
Rising demand for safe and secure electrical grid systems
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 Asia-Pacific synchronous condenser market are:
Doosan koda 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.
Voith GmbH & Co. KGaA
TABLE OF CONTENTS
1 INTRODUCTION 30
1.1 OBJECTIVES OF THE STUDY 30
1.2 MARKET DEFINITION 30
1.3 OVERVIEW OF THE ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET 30
1.4 CURRENCY AND PRICING 33
1.5 LIMITATIONS 33
1.6 MARKETS COVERED 33
2 MARKET SEGMENTATION 36
2.1 MARKETS COVERED 36
2.2 YEARS CONSIDERED FOR THE STUDY 37
2.3 GEOGRAPHIC SCOPE 38
2.4 DBMR TRIPOD DATA VALIDATION MODEL 39
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 42
2.6 DBMR MARKET POSITION GRID 43
2.7 VENDOR SHARE ANALYSIS 45
2.8 MULTIVARIATE MODELLING 46
2.9 COOLING TECHNOLOGY CURVE 47
2.10 MARKET END-USER COVERAGE GRID 48
2.11 SECONDARY SOURCES 49
2.12 ASSUMPTIONS 49
3 EXECUTIVE SUMMARY 50
4 PREMIUM INSIGHTS 53
4.1 FLYWHEEL ROLE IN SYNCHRONOUS CONDENSER SYSTEMS 54
5 REGIONAL REASONING 57
5.1 ASIA-PACIFIC 57
6 MARKET OVERVIEW 58
6.1 DRIVERS 60
6.1.1 INCREASING DEMAND FOR CLEAN ENERGY SOURCES 60
6.1.2 GROWING NEED FOR INTEGRATED SYSTEMS IN POWER PLANTS 62
6.1.3 RISING DEMAND FOR SAFE AND SECURE ELECTRICAL GRID SYSTEMS 63
6.1.4 EXPANSION OF HVDC NETWORK ACROSS THE WORLD 65
6.2 RESTRAINTS 66
6.2.1 HIGHER PRICES ASSOCIATED WITH CAPITAL AND MAINTENANCE 66
6.2.2 STRINGENT STANDARDS RELATED TO SYNCHRONOUS CONDENSER 66
6.2.3 HIGHER PRICE VOLATILITY OF RAW MATERIALS 68
6.3 OPPORTUNITIES 69
6.3.1 RISING GOVERNMENT INITIATIVES TO REDUCE AIR POLLUTION 69
6.3.2 UPSURGE IN DECOMMISSIONING OF AGING AND CONVENTIONAL POWER GENERATION SOURCES 70
6.3.3 INCREASE IN INVESTMENTS IN R&D TO DEVELOP EFFICIENT SYNCHRONOUS CONDENSER 71
6.4 CHALLENGES 72
6.4.1 AVAILABILITY OF LOW-COST SUBSTITUTES 72
6.4.2 INVOLVEMENT IN SOPHISTICATED AND TIME-CONSUMING INSTALLATION PROCESS 73
7 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY 74
7.1 OVERVIEW 75
7.2 HYDROGEN COOLED SYNCHRONOUS CONDENSER 76
7.3 AIR-COOLED SYNCHRONOUS CONDENSER 77
7.4 WATER COOLED SYNCHRONOUS CONDENSER 77
8 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD 78
8.1 OVERVIEW 79
8.2 STATIC FREQUENCY CONVERTOR 80
8.3 PONY MOTOR 81
8.4 OTHERS 81
9 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING 82
9.1 OVERVIEW 83
9.2 ABOVE 200 MVAR 84
9.3 101-200 MVAR 85
9.4 61-100 MVAR 85
9.5 31-60 MVAR 86
9.6 0-30 MVAR 86
10 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY END USER 87
10.1 OVERVIEW 88
10.2 ELECTRICAL UTILITIES 89
10.3 INDUSTRIAL SECTORS 89
11 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY TYPE 90
11.1 OVERVIEW 91
11.2 NEW SYNCHRONOUS CONDENSER 92
11.3 REFURBISHED SYNCHRONOUS CONDENSER 93
12 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY DESIGN 94
12.1 OVERVIEW 95
12.2 SALIENT POLE DESIGN 96
12.3 CYLINDRICAL ROTOR DESIGN 97
13 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES 98
13.1 OVERVIEW 99
13.2 4 TO 8 100
13.3 LESS THAN 4 101
13.4 MORE THAN 8 101
14 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE 102
14.1 OVERVIEW 103
14.2 STATIC EXCITATION 104
14.3 BRUSHLESS EXCITATION SYSTEM 105
15 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY REGION 106
15.1 ASIA-PACIFIC 107
15.1.1 CHINA 115
15.1.2 JAPAN 117
15.1.3 INDIA 119
15.1.4 SOUTH KOREA 121
15.1.5 AUSTRALIA 124
15.1.6 SINGAPORE 126
15.1.7 INDONESIA 129
15.1.8 THAILAND 132
15.1.9 MALAYSIA 135
15.1.10 TAIWAN 138
15.1.11 PHILIPPINES 140
15.1.12 REST OF ASIA-PACIFIC 143
16 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, COMPANY LANDSCAPE 144
16.1 COMPANY SHARE ANALYSIS: ASIA PACIFIC 144
17 SWOT ANALYSIS 145
18 COMPANY PROFILE 146
18.1 GENERAL ELECTRIC 146
18.1.1 COMPANY SNAPSHOT 146
18.1.2 REVENUE ANALYSIS 146
18.1.3 COMPANY SHARE ANALYSIS 147
18.1.4 PRODUCT PORTFOLIO 147
18.1.5 RECENT DEVELOPMENTS 147
18.2 ABB 149
18.2.1 COMPANY SNAPSHOT 149
18.2.2 REVENUE ANALYSIS 149
18.2.3 COMPANY SHARE ANALYSIS 150
18.2.4 PRODUCT PORTFOLIO 150
18.2.5 RECENT DEVELOPMENTS 150
18.3 EATON 152
18.3.1 COMPANY SNAPSHOT 152
18.3.2 REVENUE ANALYSIS 153
18.3.3 COMPANY SHARE ANALYSIS 153
18.3.4 SERVICE PORTFOLIO 154
18.3.5 RECENT DEVELOPMENTS 154
18.4 VOITH GMBH & CO. KGAA 156
18.4.1 COMPANY SNAPSHOT 156
18.4.2 COMPANY SHARE ANALYSIS 156
18.4.3 PRODUCT PORTFOLIO 157
18.4.4 RECENT DEVELOPMENTS 157
18.5 BAKER HUGHES COMPANY 158
18.5.1 COMPANY SNAPSHOT 158
18.5.2 REVENUE ANALYSIS 158
18.5.3 COMPANY SHARE ANALYSIS 159
18.5.4 PRODUCT & SERVICES PORTFOLIO 159
18.5.5 RECENT DEVELOPMENTS 160
18.6 ANDRITZ 161
18.6.1 COMPANY SNAPSHOT 161
18.6.2 REVENUE ANALYSIS 161
18.6.3 COMPANY SHARE ANALYSIS 162
18.6.4 PRODUCT PORTFOLIO 162
18.6.5 RECENT DEVELOPMENTS 163
18.7 ANSALDO ENERGIA 164
18.7.1 COMPANY SNAPSHOT 164
18.7.2 REVENUE ANALYSIS 164
18.7.3 PRODUCT PORTFOLIO 165
18.7.4 RECENT DEVELOPMENTS 165
18.8 DOOSAN KODA POWER 167
18.8.1 COMPANY SNAPSHOT 167
18.8.2 PRODUCT PORTFOLIO 167
18.8.3 RECENT DEVELOPMENTS 167
18.9 HITACHI ENERGY LTD 169
18.9.1 COMPANY SNAPSHOT 169
18.9.2 REVENUE ANALYSIS 170
18.9.3 PRODUCT PORTFOLIO 170
18.9.4 RECENT DEVELOPMENTS 170
18.10 IDEAL ELECTRIC POWER CO. 172
18.10.1 COMPANY SNAPSHOT 172
18.10.2 PRODUCT PORTFOLIO 172
18.10.3 RECENT DEVELOPMENT 172
18.11 INGETEAM 173
18.11.1 COMPANY SNAPSHOT 173
18.11.2 PRODUCT PORTFOLIO 173
18.11.3 RECENT DEVELOPMENTS 173
18.12 MITSUBISHI ELECTRIC POWER PRODUCTS, INC. 175
18.12.1 COMPANY SNAPSHOT 175
18.12.2 REVENUE ANALYSIS 175
18.12.3 SOLUTION PORTFOLIO 176
18.12.4 RECENT DEVELOPMENTS 176
18.13 POWER SYSTEMS & CONTROLS, INC. 177
18.13.1 COMPANY SNAPSHOT 177
18.13.2 PRODUCT PORTFOLIO 177
18.13.3 RECENT DEVELOPMENT 177
18.14 SHANGHAI ELECTRIC POWER GENERATION EQUIPMENT CO.,LTD. (A SUBSIDIARY OF SHANGHAI ELECTRIC) 178
18.14.1 COMPANY SNAPSHOT 178
18.14.2 REVENUE ANALYSIS 178
18.14.3 PRODUCT PORTFOLIO 179
18.14.4 RECENT DEVELOPMENTS 179
18.15 SIEMENS 180
18.15.1 COMPANY SNAPSHOT 180
18.15.2 REVENUE ANALYSIS 180
18.15.3 PRODUCT PORTFOLIO 181
18.15.4 RECENT DEVELOPMENTS 181
18.16 WEG 183
18.16.1 COMPANY SNAPSHOT 183
18.16.2 REVENUE ANALYSIS 183
18.16.3 PRODUCT PORTFOLIO 184
18.16.4 RECENT DEVELOPMENTS 184
19 QUESTIONNAIRE 185
20 RELATED REPORTS 189