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Global Synchronous Condenser Market Report By Type (New, Refurbished), By Cooling Type (Hydrogen Cooled, Air Cooled, Water Cooled), By Reactive Power Rating (Up to 100 MVAr, 100–200 MVAr, Above 200 MVAr), By Starting Method (Static Frequency Converters, Pony Motors, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2020-2027
ID:VMR11214189
February 2021
Report Formats:
The global demand for Synchronous Condenser Market is presumed to reach the market size of nearly USD XXX MN by 2027 from USD XXX MN in 2020 with a CAGR of X.XX% under the study period 2021 - 2027.
Synchronous condensers are hybrid energy systems connected to an electric network for better grid stability. They may also be referred to as dynamic power factor correction systems. Synchronous condensers can absorb or produce reactive power on a transient basis, and hence they are used to stabilize the power grid against short circuits and other temporary fault conditions. They also help in the stabilization of transient sags and dips of milliseconds duration. They are best suited to control voltage on long transmission lines, networks with high penetration of power electronic devices, and increased risk of ‘islanding’ from the primary grid. The installation and operation of the condenser are identical to large electric motors and generators.
Market Dynamics
Power grid stability becoming a significant challenge in modern-day hybrid transmission lines and higher penetration of renewables are the main driving forces for this market’s growth. The rising need to increase the efficiency of long power transmission lines will benefit market efficiency. Growing adoption of a novel hybrid solution consisting of a synchronous condenser associated with a static compensator to enhance grid resilience and performance will boost the market growth. The high demand for perfect energy solutions to increase AC grids’ reliability, improve power quality, and boost transmission efficiency, especially for small, decentralized renewable power grids like solar, wind, and biogas plants, will be a market booster. This market’s main barrier is the noisy nature of the synchronous condenser systems, which must rotate continuously.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of synchronous condenser. The growth and trends of synchronous condenser industry provide a holistic approach to this study.
Market Segmentation
This section of the synchronous condenser market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- New
- Refurbished
- Hydrogen Cooled
- Air Cooled
- Water Cooled
- Up to 100 MVAr
- 100–200 MVAr
- Above 200 MVAr
- Static Frequency Converters
- Pony Motors
- Others
This section covers the regional outlook, which accentuates current and future demand for the Synchronous Condenser market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Synchronous Condenser Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the synchronous condenser market include ABB Ltd., BRUSH Group, Eaton Corporation PLC, Fuji Electric Co., Ltd., General Electric, Hyundai Idela Electric Co., Mitsubishi Electric Corporation, Siemens AG, Voith GmBH, WEG Electric Corp. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
METHODOLOGY:
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . SYNCHRONOUS CONDENSER – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Type
3.7.2 By Cooling Type
3.7.3 By Reactive Power Rating
3.7.4 By Starting Method
3.7.5 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 New Market by Regions
6.5 Refurbished Market by Regions
7 . GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS BY COOLING TYPE
7.1 Overview by Cooling Type
7.2 Historical and Forecast Data
7.3 Analysis by Cooling Type
7.4 Hydrogen Cooled Market by Regions
7.5 Air Cooled Market by Regions
7.6 Water Cooled Market by Regions
8 . GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS BY REACTIVE POWER RATING
8.1 Overview by Reactive Power Rating
8.2 Historical and Forecast Data
8.3 Analysis by Reactive Power Rating
8.4 Up to 100 MVAr Market by Regions
8.5 100–200 MVAr Market by Regions
8.6 Above 200 MVAr Market by Regions
9 . GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS BY STARTING METHOD
9.1 Overview by Starting Method
9.2 Historical and Forecast Data
9.3 Analysis by Starting Method
9.4 Static Frequency Converters Market by Regions
9.5 Pony Motors Market by Regions
9.6 Others Market by Regions
10 . GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS BY GEOGRAPHY
10.1. Regional Outlook
10.2. Introduction
10.3. North America
10.3.1. Overview, Historic and Forecast Data
10.3.2. North America By Segment
10.3.3. North America By Country
10.3.4. United State
10.3.5. Canada
10.3.6. Mexico
10.4. Europe
10.4.1. Overview, Historic and Forecast Data
10.4.2. Europe by Segment
10.4.3. Europe by Country
10.4.4. United Kingdom
10.4.5. France
10.4.6. Germany
10.4.7. Italy
10.4.8. Russia
10.4.9. Rest Of Europe
10.5. Asia Pacific
10.5.1. Overview, Historic and Forecast Data
10.5.2. Asia Pacific by Segment
10.5.3. Asia Pacific by Country
10.5.4. China
10.5.5. India
10.5.6. Japan
10.5.7. South Korea
10.5.8. Australia
10.5.9. Rest Of Asia Pacific
10.6. Latin America
10.6.1. Overview, Historic and Forecast Data
10.6.2. Latin America by Segment
10.6.3. Latin America by Country
10.6.4. Brazil
10.6.5. Argentina
10.6.6. Peru
10.6.7. Chile
10.6.8. Rest of Latin America
10.7. Middle East & Africa
10.7.1. Overview, Historic and Forecast Data
10.7.2. Middle East & Africa by Segment
10.7.3. Middle East & Africa by Country
10.7.4. Saudi Arabia
10.7.5. UAE
10.7.6. Israel
10.7.7. South Africa
10.7.8. Rest Of Middle East And Africa
11 . COMPETITIVE LANDSCAPE OF THE SYNCHRONOUS CONDENSER COMPANIES
11.1. Synchronous Condenser Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments
12 . COMPANY PROFILES OF SYNCHRONOUS CONDENSER INDUSTRY
12.1. Company Share Analysis
12.2. Market Concentration Rate
12.3. ABB Ltd.
12.3.1. Company Overview
12.3.2. Financials
12.3.3. Products
12.3.4. Recent Developments
12.4. BRUSH Group
12.4.1. Company Overview
12.4.2. Financials
12.4.3. Products
12.4.4. Recent Developments
12.5. Eaton Corporation PLC
12.5.1. Company Overview
12.5.2. Financials
12.5.3. Products
12.5.4. Recent Developments
12.6. Fuji Electric Co., Ltd.
12.6.1. Company Overview
12.6.2. Financials
12.6.3. Products
12.6.4. Recent Developments
12.7. General Electric
12.7.1. Company Overview
12.7.2. Financials
12.7.3. Products
12.7.4. Recent Developments
12.8. Hyundai Idela Electric Co.
12.8.1. Company Overview
12.8.2. Financials
12.8.3. Products
12.8.4. Recent Developments
12.9. Mitsubishi Electric Corporation
12.9.1. Company Overview
12.9.2. Financials
12.9.3. Products
12.9.4. Recent Developments
12.10. Siemens AG
12.10.1. Company Overview
12.10.2. Financials
12.10.3. Products
12.10.4. Recent Developments
12.11. Voith GmBH
12.11.1. Company Overview
12.11.2. Financials
12.11.3. Products
12.11.4. Recent Developments
12.12. WEG Electric Corp.
12.12.1. Company Overview
12.12.2. Financials
12.12.3. Products
12.12.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Type (USD MN)
- New Market by Geography (USD MN)
- Refurbished Market by Geography (USD MN)
- Analysis Market by Cooling Type (USD MN)
- Hydrogen Cooled Market by Geography (USD MN)
- Air Cooled Market by Geography (USD MN)
- Water Cooled Market by Geography (USD MN)
- Analysis by Reactive Power Rating (USD MN)
- Up to 100 MVAr Market by Geography (USD MN)
- 100–200 MVAr Market by Geography (USD MN)
- Above 200 MVAr Market by Geography (USD MN)
- Analysis by Starting Method (USD MN)
- Static Frequency Converters Market by Geography (USD MN)
- Pony Motors Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Synchronous Condenser Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Synchronous Condenser Report
- Market Research Process
- Market Research Methodology
- Global Synchronous Condenser Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Type
- Market Attractiveness Analysis by Cooling Type
- Market Attractiveness Analysis by Reactive Power Rating
- Market Attractiveness Analysis by Starting Method
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Type (USD MN)
- New Market by Geography (USD MN)
- Refurbished Market by Geography (USD MN)
- Global Market Analysis by Cooling Type (USD MN)
- Hydrogen Cooled Market by Geography (USD MN)
- Air Cooled Market by Geography (USD MN)
- Water Cooled Market by Geography (USD MN)
- Global Market Analysis by Reactive Power Rating (USD MN)
- Up to 100 MVAr Market by Geography (USD MN)
- 100–200 MVAr Market by Geography (USD MN)
- Above 200 MVAr Market by Geography (USD MN)
- Global Market Analysis by Starting Method (USD MN)
- Static Frequency Converters Market by Geography (USD MN)
- Pony Motors Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis, 2020
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
Related Categories
Industrial Equipment
Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments
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