Europe synchronous condenser market is expected to reach USD 1,044,842.42 thousand by 2030 from USD 768,880.81 thousand in 2022, with a CAGR of 3.9% 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:
Europe 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 (France, Germany, U.K., Italy, Spain, Sweden, Switzerland, Netherlands, Belgium, Russia, Denmark, Turkey, Poland, Norway, Finland, and Rest of Europe) - Industry Trends and Forecast to 2030
Overview of Europe Synchronous Condenser Market Dynamics:
Driver:
Rising demand for safe and secure electrical grid systems
Restraint:
Stringent standards related to synchronous condenser
Opportunity:
Rising government initiatives to reduce air pollution
Market Players
Some of the major players operating in the Europe 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 EUROPE 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 EUROPE 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 EUROPE 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 EUROPE 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 EUROPE 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 EUROPE SYNCHRONOUS CONDENSER MARKET, BY END USER 87
10.1 OVERVIEW 88
10.2 ELECTRICAL UTILITIES 89
10.3 INDUSTRIAL SECTORS 89
11 EUROPE SYNCHRONOUS CONDENSER MARKET, BY TYPE 90
11.1 OVERVIEW 91
11.2 NEW SYNCHRONOUS CONDENSER 92
11.3 REFURBISHED SYNCHRONOUS CONDENSER 93
12 EUROPE SYNCHRONOUS CONDENSER MARKET, BY DESIGN 94
12.1 OVERVIEW 95
12.2 SALIENT POLE DESIGN 96
12.3 CYLINDRICAL ROTOR DESIGN 97
13 EUROPE 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 EUROPE SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE 102
14.1 OVERVIEW 103
14.2 STATIC EXCITATION 104
14.3 BRUSHLESS EXCITATION SYSTEM 105
15 EUROPE SYNCHRONOUS CONDENSER MARKET, BY REGION 106
15.1 EUROPE 107
15.1.1 GERMANY 115
15.1.2 FRANCE 118
15.1.3 U.K. 121
15.1.4 ITALY 123
15.1.5 SPAIN 125
15.1.6 RUSSIA 128
15.1.7 TURKEY 131
15.1.8 NETHERLANDS 134
15.1.9 BELGIUM 137
15.1.10 FINLAND 140
15.1.11 NORWAY 143
15.1.12 SWITZERLAND 146
15.1.13 REST OF EUROPE 149
16 EUROPE SYNCHRONOUS CONDENSER MARKET, COMPANY LANDSCAPE 150
16.1 COMPANY SHARE ANALYSIS: EUROPE 150
17 SWOT ANALYSIS 151
18 COMPANY PROFILE 152
18.1 GENERAL ELECTRIC 152
18.1.1 COMPANY SNAPSHOT 152
18.1.2 REVENUE ANALYSIS 152
18.1.3 COMPANY SHARE ANALYSIS 153
18.1.4 PRODUCT PORTFOLIO 153
18.1.5 RECENT DEVELOPMENTS 153
18.2 ABB 155
18.2.1 COMPANY SNAPSHOT 155
18.2.2 REVENUE ANALYSIS 155
18.2.3 COMPANY SHARE ANALYSIS 156
18.2.4 PRODUCT PORTFOLIO 156
18.2.5 RECENT DEVELOPMENTS 156
18.3 EATON 158
18.3.1 COMPANY SNAPSHOT 158
18.3.2 REVENUE ANALYSIS 159
18.3.3 COMPANY SHARE ANALYSIS 159
18.3.4 SERVICE PORTFOLIO 160
18.3.5 RECENT DEVELOPMENTS 160
18.4 VOITH GMBH & CO. KGAA 162
18.4.1 COMPANY SNAPSHOT 162
18.4.2 COMPANY SHARE ANALYSIS 162
18.4.3 PRODUCT PORTFOLIO 163
18.4.4 RECENT DEVELOPMENTS 163
18.5 BAKER HUGHES COMPANY 164
18.5.1 COMPANY SNAPSHOT 164
18.5.2 REVENUE ANALYSIS 164
18.5.3 COMPANY SHARE ANALYSIS 165
18.5.4 PRODUCT & SERVICES PORTFOLIO 165
18.5.5 RECENT DEVELOPMENTS 166
18.6 ANDRITZ 167
18.6.1 COMPANY SNAPSHOT 167
18.6.2 REVENUE ANALYSIS 167
18.6.3 COMPANY SHARE ANALYSIS 168
18.6.4 PRODUCT PORTFOLIO 168
18.6.5 RECENT DEVELOPMENTS 169
18.7 ANSALDO ENERGIA 170
18.7.1 COMPANY SNAPSHOT 170
18.7.2 REVENUE ANALYSIS 170
18.7.3 PRODUCT PORTFOLIO 171
18.7.4 RECENT DEVELOPMENTS 171
18.8 DOOSAN KODA POWER 173
18.8.1 COMPANY SNAPSHOT 173
18.8.2 PRODUCT PORTFOLIO 173
18.8.3 RECENT DEVELOPMENTS 173
18.9 HITACHI ENERGY LTD 175
18.9.1 COMPANY SNAPSHOT 175
18.9.2 REVENUE ANALYSIS 176
18.9.3 PRODUCT PORTFOLIO 176
18.9.4 RECENT DEVELOPMENTS 176
18.10 IDEAL ELECTRIC POWER CO. 178
18.10.1 COMPANY SNAPSHOT 178
18.10.2 PRODUCT PORTFOLIO 178
18.10.3 RECENT DEVELOPMENT 178
18.11 INGETEAM 179
18.11.1 COMPANY SNAPSHOT 179
18.11.2 PRODUCT PORTFOLIO 179
18.11.3 RECENT DEVELOPMENTS 179
18.12 MITSUBISHI ELECTRIC POWER PRODUCTS, INC. 181
18.12.1 COMPANY SNAPSHOT 181
18.12.2 REVENUE ANALYSIS 181
18.12.3 SOLUTION PORTFOLIO 182
18.12.4 RECENT DEVELOPMENTS 182
18.13 POWER SYSTEMS & CONTROLS, INC. 183
18.13.1 COMPANY SNAPSHOT 183
18.13.2 PRODUCT PORTFOLIO 183
18.13.3 RECENT DEVELOPMENT 183
18.14 SHANGHAI ELECTRIC POWER GENERATION EQUIPMENT CO.,LTD. (A SUBSIDIARY OF SHANGHAI ELECTRIC) 184
18.14.1 COMPANY SNAPSHOT 184
18.14.2 REVENUE ANALYSIS 184
18.14.3 PRODUCT PORTFOLIO 185
18.14.4 RECENT DEVELOPMENTS 185
18.15 SIEMENS 186
18.15.1 COMPANY SNAPSHOT 186
18.15.2 REVENUE ANALYSIS 186
18.15.3 PRODUCT PORTFOLIO 187
18.15.4 RECENT DEVELOPMENTS 187
18.16 WEG 189
18.16.1 COMPANY SNAPSHOT 189
18.16.2 REVENUE ANALYSIS 189
18.16.3 PRODUCT PORTFOLIO 190
18.16.4 RECENT DEVELOPMENTS 190
19 QUESTIONNAIRE 191
20 RELATED REPORTS 195