Middle-East and Africa synchronous condenser market is expected to reach USD 179,142.80 thousand by 2030 from USD 138,102.43 thousand in 2022 with a CAGR of 3.3% 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:
Middle-East and Africa 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 (Saudi Arabia, U.A.E., Egypt, South Africa, Israel, Bahrain, Kuwait, Qatar, Oman, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2030
Overview of Middle-East and Africa 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 Middle-East and Africa 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 MIDDLE EAST & AFRICA 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 MIDDLE EAST AND AFRICA 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 MIDDLE EAST & AFRICA 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 MIDDLE EAST & AFRICA 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 MIDDLE EAST & AFRICA 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 MIDDLE EAST & AFRICA SYNCHRONOUS CONDENSER MARKET, BY END USER 87
10.1 OVERVIEW 88
10.2 ELECTRICAL UTILITIES 89
10.3 INDUSTRIAL SECTORS 89
11 MIDDLE EAST & AFRICA SYNCHRONOUS CONDENSER MARKET, BY TYPE 90
11.1 OVERVIEW 91
11.2 NEW SYNCHRONOUS CONDENSER 92
11.3 REFURBISHED SYNCHRONOUS CONDENSER 93
12 MIDDLE EAST & AFRICA SYNCHRONOUS CONDENSER MARKET, BY DESIGN 94
12.1 OVERVIEW 95
12.2 SALIENT POLE DESIGN 96
12.3 CYLINDRICAL ROTOR DESIGN 97
13 MIDDLE EAST & AFRICA 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 MIDDLE EAST & AFRICA SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE 102
14.1 OVERVIEW 103
14.2 STATIC EXCITATION 104
14.3 BRUSHLESS EXCITATION SYSTEM 105
15 MIDDLE EAST & AFRICA SYNCHRONOUS CONDENSER MARKET, BY REGION 106
15.1 MIDDLE EAST AND AFRICA 107
15.1.1 U.A.E 115
15.1.2 SAUDI ARABIA 117
15.1.3 EGYPT 120
15.1.4 SOUTH AFRICA 122
15.1.5 ISRAEL 125
15.1.6 QATAR 127
15.1.7 OMAN 129
15.1.8 BAHRAIN 131
15.1.9 KUWAIT 134
15.1.10 REST OF MIDDLE EAST AND AFRICA 136
16 MIDDLE EAST & AFRICA SYNCHRONOUS CONDENSER MARKET, COMPANY LANDSCAPE 137
16.1 COMPANY SHARE ANALYSIS: MIDDLE EAST & AFRICA 137
17 SWOT ANALYSIS 138
18 COMPANY PROFILE 139
18.1 GENERAL ELECTRIC 139
18.1.1 COMPANY SNAPSHOT 139
18.1.2 REVENUE ANALYSIS 139
18.1.3 COMPANY SHARE ANALYSIS 140
18.1.4 PRODUCT PORTFOLIO 140
18.1.5 RECENT DEVELOPMENTS 140
18.2 ABB 142
18.2.1 COMPANY SNAPSHOT 142
18.2.2 REVENUE ANALYSIS 142
18.2.3 COMPANY SHARE ANALYSIS 143
18.2.4 PRODUCT PORTFOLIO 143
18.2.5 RECENT DEVELOPMENTS 143
18.3 EATON 145
18.3.1 COMPANY SNAPSHOT 145
18.3.2 REVENUE ANALYSIS 146
18.3.3 COMPANY SHARE ANALYSIS 146
18.3.4 SERVICE PORTFOLIO 147
18.3.5 RECENT DEVELOPMENTS 147
18.4 VOITH GMBH & CO. KGAA 149
18.4.1 COMPANY SNAPSHOT 149
18.4.2 COMPANY SHARE ANALYSIS 149
18.4.3 PRODUCT PORTFOLIO 150
18.4.4 RECENT DEVELOPMENTS 150
18.5 BAKER HUGHES COMPANY 151
18.5.1 COMPANY SNAPSHOT 151
18.5.2 REVENUE ANALYSIS 151
18.5.3 COMPANY SHARE ANALYSIS 152
18.5.4 PRODUCT & SERVICES PORTFOLIO 152
18.5.5 RECENT DEVELOPMENTS 153
18.6 ANDRITZ 154
18.6.1 COMPANY SNAPSHOT 154
18.6.2 REVENUE ANALYSIS 154
18.6.3 COMPANY SHARE ANALYSIS 155
18.6.4 PRODUCT PORTFOLIO 155
18.6.5 RECENT DEVELOPMENTS 156
18.7 ANSALDO ENERGIA 157
18.7.1 COMPANY SNAPSHOT 157
18.7.2 REVENUE ANALYSIS 157
18.7.3 PRODUCT PORTFOLIO 158
18.7.4 RECENT DEVELOPMENTS 158
18.8 DOOSAN KODA POWER 160
18.8.1 COMPANY SNAPSHOT 160
18.8.2 PRODUCT PORTFOLIO 160
18.8.3 RECENT DEVELOPMENTS 160
18.9 HITACHI ENERGY LTD 162
18.9.1 COMPANY SNAPSHOT 162
18.9.2 REVENUE ANALYSIS 163
18.9.3 PRODUCT PORTFOLIO 163
18.9.4 RECENT DEVELOPMENTS 163
18.10 IDEAL ELECTRIC POWER CO. 165
18.10.1 COMPANY SNAPSHOT 165
18.10.2 PRODUCT PORTFOLIO 165
18.10.3 RECENT DEVELOPMENT 165
18.11 INGETEAM 166
18.11.1 COMPANY SNAPSHOT 166
18.11.2 PRODUCT PORTFOLIO 166
18.11.3 RECENT DEVELOPMENTS 166
18.12 MITSUBISHI ELECTRIC POWER PRODUCTS, INC. 168
18.12.1 COMPANY SNAPSHOT 168
18.12.2 REVENUE ANALYSIS 168
18.12.3 SOLUTION PORTFOLIO 169
18.12.4 RECENT DEVELOPMENTS 169
18.13 POWER SYSTEMS & CONTROLS, INC. 170
18.13.1 COMPANY SNAPSHOT 170
18.13.2 PRODUCT PORTFOLIO 170
18.13.3 RECENT DEVELOPMENT 170
18.14 SHANGHAI ELECTRIC POWER GENERATION EQUIPMENT CO.,LTD. (A SUBSIDIARY OF SHANGHAI ELECTRIC) 171
18.14.1 COMPANY SNAPSHOT 171
18.14.2 REVENUE ANALYSIS 171
18.14.3 PRODUCT PORTFOLIO 172
18.14.4 RECENT DEVELOPMENTS 172
18.15 SIEMENS 173
18.15.1 COMPANY SNAPSHOT 173
18.15.2 REVENUE ANALYSIS 173
18.15.3 PRODUCT PORTFOLIO 174
18.15.4 RECENT DEVELOPMENTS 174
18.16 WEG 176
18.16.1 COMPANY SNAPSHOT 176
18.16.2 REVENUE ANALYSIS 176
18.16.3 PRODUCT PORTFOLIO 177
18.16.4 RECENT DEVELOPMENTS 177
19 QUESTIONNAIRE 178
20 RELATED REPORTS 182