synchronous condenser market

Global Synchronous Condenser Market - Industry Trends and Forecast to 2030

  • Published Date: 2023-08-18
  • Report ID: 145509
  • Pages: 250
  • Format: prudent report format

Global synchronous condenser market is expected to reach USD 3,446,810.89 thousand by 2030 from USD 2,552,725.13 thousand in 2022, with a CAGR of 3.8% 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:

Global 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 (U.S., Canada, Mexico, China, Japan, South Korea, India, Australia, Singapore, Indonesia, Thailand, Taiwan, Malaysia, Philippines, Rest of Asia-Pacific, Germany, U.K., France, Italy, Netherlands, Spain, Switzerland, Russia, Turkey, Belgium, Poland, Finland, Norway, Rest of Europe, U.A.E., Saudi Arabia, Israel, Qatar, Egypt, Kuwait, South Africa, Oman, Bahrain, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2030

Overview of Global Synchronous Condenser Market Dynamics:
Driver:
Increasing demand for clean energy sources

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 global 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 31
1.1 OBJECTIVES OF THE STUDY 31
1.2 MARKET DEFINITION 31
1.3 OVERVIEW OF THE GLOBAL SYNCHRONOUS CONDENSER MARKET 31
1.4 CURRENCY AND PRICING 34
1.5 LIMITATIONS 34
1.6 MARKETS COVERED 34
2 MARKET SEGMENTATION 37
2.1 MARKETS COVERED 37
2.2 YEARS CONSIDERED FOR THE STUDY 38
2.3 GEOGRAPHIC SCOPE 39
2.4 DBMR TRIPOD DATA VALIDATION MODEL 40
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 43
2.6 DBMR MARKET POSITION GRID 44
2.7 VENDOR SHARE ANALYSIS 46
2.8 MULTIVARIATE MODELLING 47
2.9 COOLING TECHNOLOGY CURVE 48
2.10 MARKET END-USER COVERAGE GRID 49
2.11 SECONDARY SOURCES 50
2.12 ASSUMPTIONS 50
3 EXECUTIVE SUMMARY 51
4 PREMIUM INSIGHTS 56
4.1 FLYWHEEL ROLE IN SYNCHRONOUS CONDENSER SYSTEMS 57
5 REGIONAL REASONING 60
5.1 ASIA-PACIFIC 60
5.2 NORTH AMERICA 60
5.3 EUROPE 60
5.4 MIDDLE EAST AND AFRICA 61
5.5 SOUTH AMERICA 61
6 MARKET OVERVIEW 62
6.1 DRIVERS 64
6.1.1 INCREASING DEMAND FOR CLEAN ENERGY SOURCES 64
6.1.2 GROWING NEED FOR INTEGRATED SYSTEMS IN POWER PLANTS 66
6.1.3 RISING DEMAND FOR SAFE AND SECURE ELECTRICAL GRID SYSTEMS 67
6.1.4 EXPANSION OF HVDC NETWORK ACROSS THE WORLD 69
6.2 RESTRAINTS 70
6.2.1 HIGHER PRICES ASSOCIATED WITH CAPITAL AND MAINTENANCE 70
6.2.2 STRINGENT STANDARDS RELATED TO SYNCHRONOUS CONDENSER 70
6.2.3 HIGHER PRICE VOLATILITY OF RAW MATERIALS 72
6.3 OPPORTUNITIES 73
6.3.1 RISING GOVERNMENT INITIATIVES TO REDUCE AIR POLLUTION 73
6.3.2 UPSURGE IN DECOMMISSIONING OF AGING AND CONVENTIONAL POWER GENERATION SOURCES 74
6.3.3 INCREASE IN INVESTMENTS IN R&D TO DEVELOP EFFICIENT SYNCHRONOUS CONDENSER 75
6.4 CHALLENGES 76
6.4.1 AVAILABILITY OF LOW-COST SUBSTITUTES 76
6.4.2 INVOLVEMENT IN SOPHISTICATED AND TIME-CONSUMING INSTALLATION PROCESS 77
7 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY 78
7.1 OVERVIEW 79
7.2 HYDROGEN COOLED SYNCHRONOUS CONDENSER 80
7.3 AIR-COOLED SYNCHRONOUS CONDENSER 81
7.4 WATER COOLED SYNCHRONOUS CONDENSER 81
8 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD 82
8.1 OVERVIEW 83
8.2 STATIC FREQUENCY CONVERTOR 84
8.3 PONY MOTOR 85
8.4 OTHERS 85
9 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING 86
9.1 OVERVIEW 87
9.2 ABOVE 200 MVAR 88
9.3 101-200 MVAR 89
9.4 61-100 MVAR 89
9.5 31-60 MVAR 90
9.6 0-30 MVAR 90
10 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY END USER 91
10.1 OVERVIEW 92
10.2 ELECTRICAL UTILITIES 93
10.3 INDUSTRIAL SECTORS 93
11 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY TYPE 94
11.1 OVERVIEW 95
11.2 NEW SYNCHRONOUS CONDENSER 96
11.3 REFURBISHED SYNCHRONOUS CONDENSER 97
12 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY DESIGN 98
12.1 OVERVIEW 99
12.2 SALIENT POLE DESIGN 100
12.3 CYLINDRICAL ROTOR DESIGN 101
13 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES 102
13.1 OVERVIEW 103
13.2 4 TO 8 104
13.3 LESS THAN 4 105
13.4 MORE THAN 8 105
14 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE 106
14.1 OVERVIEW 107
14.2 STATIC EXCITATION 108
14.3 BRUSHLESS EXCITATION SYSTEM 109
15 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REGION 110
15.1 OVERVIEW 111
15.2 NORTH AMERICA 117
15.2.1 U.S. 125
15.2.2 CANADA 128
15.2.3 MEXICO 131
15.3 EUROPE 134
15.3.1 GERMANY 142
15.3.2 FRANCE 145
15.3.3 U.K. 148
15.3.4 ITALY 150
15.3.5 SPAIN 152
15.3.6 RUSSIA 155
15.3.7 TURKEY 158
15.3.8 NETHERLANDS 161
15.3.9 BELGIUM 164
15.3.10 FINLAND 167
15.3.11 NORWAY 170
15.3.12 SWITZERLAND 173
15.3.13 REST OF EUROPE 176
15.4 ASIA-PACIFIC 177
15.4.1 CHINA 185
15.4.2 JAPAN 187
15.4.3 INDIA 189
15.4.4 SOUTH KOREA 191
15.4.5 AUSTRALIA 194
15.4.6 SINGAPORE 196
15.4.7 INDONESIA 199
15.4.8 THAILAND 202
15.4.9 MALAYSIA 205
15.4.10 TAIWAN 208
15.4.11 PHILIPPINES 210
15.4.12 REST OF ASIA-PACIFIC 213
15.5 MIDDLE EAST AND AFRICA 214
15.5.1 U.A.E 222
15.5.2 SAUDI ARABIA 224
15.5.3 EGYPT 227
15.5.4 SOUTH AFRICA 229
15.5.5 ISRAEL 232
15.5.6 QATAR 234
15.5.7 OMAN 236
15.5.8 BAHRAIN 238
15.5.9 KUWAIT 241
15.5.10 REST OF MIDDLE EAST AND AFRICA 243
15.6 SOUTH AMERICA 244
15.6.1 BRAZIL 253
15.6.2 ARGENTINA 256
15.6.3 REST OF SOUTH AMERICA 259
16 GLOBAL SYNCHRONOUS CONDENSER MARKET, COMPANY LANDSCAPE 260
16.1 COMPANY SHARE ANALYSIS: GLOBAL 260
16.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 261
16.3 COMPANY SHARE ANALYSIS: EUROPE 262
16.4 COMPANY SHARE ANALYSIS: ASIA PACIFIC 263
17 SWOT ANALYSIS 264
18 COMPANY PROFILE 265
18.1 GENERAL ELECTRIC 265
18.1.1 COMPANY SNAPSHOT 265
18.1.2 REVENUE ANALYSIS 265
18.1.3 COMPANY SHARE ANALYSIS 266
18.1.4 PRODUCT PORTFOLIO 266
18.1.5 RECENT DEVELOPMENTS 266
18.2 ABB 268
18.2.1 COMPANY SNAPSHOT 268
18.2.2 REVENUE ANALYSIS 268
18.2.3 COMPANY SHARE ANALYSIS 269
18.2.4 PRODUCT PORTFOLIO 269
18.2.5 RECENT DEVELOPMENTS 269
18.3 EATON 271
18.3.1 COMPANY SNAPSHOT 271
18.3.2 REVENUE ANALYSIS 272
18.3.3 COMPANY SHARE ANALYSIS 272
18.3.4 SERVICE PORTFOLIO 273
18.3.5 RECENT DEVELOPMENTS 273
18.4 VOITH GMBH & CO. KGAA 275
18.4.1 COMPANY SNAPSHOT 275
18.4.2 COMPANY SHARE ANALYSIS 275
18.4.3 PRODUCT PORTFOLIO 276
18.4.4 RECENT DEVELOPMENTS 276
18.5 BAKER HUGHES COMPANY 277
18.5.1 COMPANY SNAPSHOT 277
18.5.2 REVENUE ANALYSIS 277
18.5.3 COMPANY SHARE ANALYSIS 278
18.5.4 PRODUCT & SERVICES PORTFOLIO 278
18.5.5 RECENT DEVELOPMENTS 279
18.6 ANDRITZ 280
18.6.1 COMPANY SNAPSHOT 280
18.6.2 REVENUE ANALYSIS 280
18.6.3 COMPANY SHARE ANALYSIS 281
18.6.4 PRODUCT PORTFOLIO 281
18.6.5 RECENT DEVELOPMENTS 282
18.7 ANSALDO ENERGIA 283
18.7.1 COMPANY SNAPSHOT 283
18.7.2 REVENUE ANALYSIS 283
18.7.3 PRODUCT PORTFOLIO 284
18.7.4 RECENT DEVELOPMENTS 284
18.8 DOOSAN KODA POWER 286
18.8.1 COMPANY SNAPSHOT 286
18.8.2 PRODUCT PORTFOLIO 286
18.8.3 RECENT DEVELOPMENTS 286
18.9 HITACHI ENERGY LTD 288
18.9.1 COMPANY SNAPSHOT 288
18.9.2 REVENUE ANALYSIS 289
18.9.3 PRODUCT PORTFOLIO 289
18.9.4 RECENT DEVELOPMENTS 289
18.10 IDEAL ELECTRIC POWER CO. 291
18.10.1 COMPANY SNAPSHOT 291
18.10.2 PRODUCT PORTFOLIO 291
18.10.3 RECENT DEVELOPMENT 291
18.11 INGETEAM 292
18.11.1 COMPANY SNAPSHOT 292
18.11.2 PRODUCT PORTFOLIO 292
18.11.3 RECENT DEVELOPMENTS 292
18.12 MITSUBISHI ELECTRIC POWER PRODUCTS, INC. 294
18.12.1 COMPANY SNAPSHOT 294
18.12.2 REVENUE ANALYSIS 294
18.12.3 SOLUTION PORTFOLIO 295
18.12.4 RECENT DEVELOPMENTS 295
18.13 POWER SYSTEMS & CONTROLS, INC. 296
18.13.1 COMPANY SNAPSHOT 296
18.13.2 PRODUCT PORTFOLIO 296
18.13.3 RECENT DEVELOPMENT 296
18.14 SHANGHAI ELECTRIC POWER GENERATION EQUIPMENT CO.,LTD. (A SUBSIDIARY OF SHANGHAI ELECTRIC) 297
18.14.1 COMPANY SNAPSHOT 297
18.14.2 REVENUE ANALYSIS 297
18.14.3 PRODUCT PORTFOLIO 298
18.14.4 RECENT DEVELOPMENTS 298
18.15 SIEMENS 299
18.15.1 COMPANY SNAPSHOT 299
18.15.2 REVENUE ANALYSIS 299
18.15.3 PRODUCT PORTFOLIO 300
18.15.4 RECENT DEVELOPMENTS 300
18.16 WEG 302
18.16.1 COMPANY SNAPSHOT 302
18.16.2 REVENUE ANALYSIS 302
18.16.3 PRODUCT PORTFOLIO 303
18.16.4 RECENT DEVELOPMENTS 303
19 QUESTIONNAIRE 304
20 RELATED REPORTS 308
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